Crypto-news

Polkadot’s DeFi protocol Acala is struggling to edge back its native stablecoin aUSD to the dollar peg after the community voted to burn 1.29 billion of aUSD. Following a smart contract exploit that dropped the aUSD’s value, a new governance vote aims to bring the token back to its peg. These “extra” tokens were minted…

The Macalinao brothers used a web of bogus identities to create the illusion of a dev community, juicing value on the Saber protocol and Solana blockchain. Now they’re moving to Aptos. An investigation by Danny Nelson and Tracy Wang published on CoinDesk. Something about Sunny Aggregator felt off-kilter to the cryptocurrency user known as Saint…

Targeting anti-money laundering, the European Union is building a new regulator — “Anti-Money Laundering Authority” (AMLA) — that will direct oversee crypto businesses. Many negotiations remain before the AMLA launch, but all signs are that it’s underway. The EU is set to create a brand new regulator focused on direct crypto oversight. Although the crypto…

Worldwide 2022 New Payments Index consumer polling by Mastercard revealed that crypto payments are rising in popularity worldwide, as 93% of those surveyed have heard of cryptocurrency, and 41% have done at least one crypto-related activity in the past year. However, consumers are still looking for more stability within the industry. Mastercard’s 2022 Global New…

Play-to-earn game Axie Infinity has completely removed the token rewards from its classic game mode to attract its users to a new game mode called Axie Infinity Origin. The team also described the move as part of its efforts to balance the economy for the SLP token. Meantime, the in-game NFT sales so far have…

Breaking crypto news from the last week (Aug. 6 – 12, 2022): Aug. 6: Messari’s latest report indicates that the market pullback in the first half of 2022 did not shake investors’ confidence in the growing crypto industry. As per the report, the overall amount of money raised in the first six months already exceeds…