Huobi stablecoin HUSD loses peg, dropping to $0.89

    Huobi’s HUSD became the latest stablecoin to de-peg from the US dollar. The HUSD stablecoin, associated with the Huobi Global crypto exchange, has fallen to $0.89, an 11% drop from its planned $1 peg, according to CoinMarketCap. It seems that troubles for stablecoins are yet to be over, despite the crypto market returns on the…

    EOS price jumps 24% ahead of rebrand
    18 Aug 2022
    58 Views

    The EOS Foundation plans to hardfork the EOS blockchain on September 21. This Proof-of-Stake blockchain is set to rebrand to EOSIO as the project tends to distance itself from notorious developer Block.one. In response, the EOS token has rallied more than 24% over the past 24 hours. In a tweet on August 17, the EOS…

    EU lawmakers plan to cap banks’ crypto holdings
    18 Aug 2022
    90 Views

    EU banks exposed to crypto might face caps and hefty capital requirements due to proposed amendments to a financial-services law published on August 17. Lawmakers of the European Green Party want to anticipate international standards by legislating heavy capital requirements for lenders. The plans, presented by Green Party lawmaker Ville Niinistö, seek to anticipate capital…