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Weekly News

MakerDAO goes ahead with $500M investment in treasuries and bonds

  • Post author:admin
  • Post published:October 7, 2022
  • Post category:Weekly overview

$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional…

Continue ReadingMakerDAO goes ahead with $500M investment in treasuries and bonds

Marathon reports $80M exposure to bankrupt mining firm

  • Post author:admin
  • Post published:October 7, 2022
  • Post category:Weekly overview

Marathon has outlined that at this stage its operations hosted by Compute North will continue to operate as usual, and highlighted an improved BTC mining production in Q3. Bitcoin (BTC)…

Continue ReadingMarathon reports $80M exposure to bankrupt mining firm

Colorado is accepting crypto for tax payments — it could be a mess or a shining example

  • Post author:admin
  • Post published:October 7, 2022
  • Post category:Weekly overview

Colorado is now accepting crypto for tax payments — but if you choose to use that option, it could change the amount you owe. Colorado is accepting crypto as payment…

Continue ReadingColorado is accepting crypto for tax payments — it could be a mess or a shining example

More than 30% of Canadians plan to purchase crypto by 2024, says OSC head

  • Post author:admin
  • Post published:October 7, 2022
  • Post category:Weekly overview

Ontario Securities Commission CEO Grant Vingoe said the regulator planned to release a report in October which included crypto adoption rates in Canada. Grant Vingoe, chief executive officer of the…

Continue ReadingMore than 30% of Canadians plan to purchase crypto by 2024, says OSC head

BNB Chain suspends network following $100M cross-chain bridge exploit

  • Post author:admin
  • Post published:October 7, 2022
  • Post category:Weekly overview

Rumors of a significant exploit on the BNB Chain were confirmed by the blockchain's team, with all deposits and withdrawals suspended on the network. BNB Chain (BNB), the blockchain of…

Continue ReadingBNB Chain suspends network following $100M cross-chain bridge exploit

Web3 must bridge back into Web2 for real cash flows — Checkout.com VP

  • Post author:admin
  • Post published:October 7, 2022
  • Post category:Weekly overview

“The seamless payments infrastructure and user experience derived from Web2 will be the backbone of Web3’s success,” said Max Rothman. The real economic utility of Web3 — a broad term…

Continue ReadingWeb3 must bridge back into Web2 for real cash flows — Checkout.com VP

Global Bitcoin adoption is ‘still in its infancy,’ but here’s how it might accelerate

  • Post author:admin
  • Post published:October 7, 2022
  • Post category:Weekly overview

Rome wasn’t built in a day, and it will also take some time for every country on Earth to adopt BTC. Bitcoin (BTC) adoption by governments and companies remains a…

Continue ReadingGlobal Bitcoin adoption is ‘still in its infancy,’ but here’s how it might accelerate
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