Crypto-news

Tron founder Justin Sun kept his promise and introduced the project’s own algorithmic stablecoin, designated USDD. The unique thing about the new token is that it is backed entirely by cryptocurrency. There seems to be a new trend going around. The moment Terra launched its UST stablecoin (having issued over $18 billion), the Tron blockchain…

KuCoin, a global crypto exchange, announced a $150 million pre-Series B funding round, bringing its valuation to $10 billion. Led by Jump Crypto, the round saw the participation of multiple investment funds, including Circle Ventures, IDG Capital, and Matrix Partners. The exchange wants to use funds to further expand its Web3 ecosystem. According to Johnny…

Bentley University in the US state of Massachusetts is one of the first educational institutions in the country to accept tuition fee payments made in Bitcoin (BTC), Ethereum (ETH), and the stablecoin USD Coin (USDC). The school is also highlighting the increasing importance of digital assets in the global economy. Despite the current bearish decline…

ICICB, a Dubai-based investment holding company, has announced a series of new innovative services, including the ICICB Chain, ICICB Metaverse, and ICICB Bank. Established in 2019, the ICICB Group sees its mission to be at the forefront of digital transformation worldwide and now has more than a hundred branch offices in over 26 countries. In…

Dubai, United Arab Emirates (UAE) – May 10, 2022: UAE-based Venture Capital Fund NewTribe Capital, which invests in early-stage Blockchain and crypto projects, is set to invest five million USD in NEAR Protocol Ecosystem projects with the aim of boosting NEAR ecosystem’s growth in the UAE and globally. NEAR Protocol (NEAR) is a leading blockchain…

Stablecoin TerraUSD (UST) has lost its dollar peg, falling to as low as $0.65 on Monday. Meantime, the price of LUNA, its sister token, has dropped over 44% to $35 in the past 24 hours. The accident comes after the Luna Foundation Guard (LFG) announced that its massive Bitcoin reserves will be used to defend…