Stablecoin issuer ‘Usual’ faces sell-off after redemption update

On January 9th, a well-known DeFi stablecoin provider revealed a significant upgrade to their USD0++ system. This update introduces twin redemption methods aimed at enhancing the long-term durability of the token. The modifications are integral to a comprehensive plan aimed at harmonizing the secured stablecoin with its ambition to metamorphose USD0++ into a bond-like financial … Read more

Arbitrum DAO gains unanimous support for BoLD protocol upgrade

Arbitrum, Ethereum’s most significant layer 2 scaling project, aims to enhance its environment by introducing a novel dispute resolution mechanism known as the Bounded Optimistic Liveness Dispute (BoLD) system. The publication dated January 6th has initiated a final round of voting within the Arbitrum Decentralized Autonomous Organization (DAO). This proposal intends to enhance the network’s … Read more

Russia seizes $10M in Bitcoin from ex-official in bribery case

As a crypto investor, I’ve just learned that local news outlets are reporting a seizure of approximately $10 million in Bitcoin by the Russian government from a former law enforcement official. This serves as a reminder about the importance of understanding and complying with regulations when it comes to digital assets. Enforcers in Russia have … Read more