Regulators around the world are turning their attention to stablecoins after UST's collapse.

Stablegains offered U.S. users a 15% yield on their deposits and used Anchor Protocol behind the scenes. Now, users are alleging they were scammed after UST's collapse.

Ethereum scaling solution Optimism today announced Bedrock, an upgrade that improves speeds and cuts costs for those that trade on the L2. Optimism is a rollup: a Layer 2 scaling solution that batches transactions on another blockchain, then feeds them back to Ethereum as a single transaction. Rollups enjoy the security of Ethereum’s mainnet while…

ConsenSys, Joe Lubin’s Ethereum software company, has rolled out a new tool it claims will smoothen Ethereum’s transition to Proof of Stake in August, also known as “The Merge.” The tool, “Bonsai Tries State Storage”, came out of early access on May 17. It runs on ConsenSys’s Ethereum client, Hyperledger Besu. State tries are Ethereum…

In the last two years the US government has printed a scarcely believable 4.6 trillion dollars. Quantitative easing the only card they could play to combat the pandemic and keep the economy on its feet. The result, rampant inflation over 8% leaving the Fed only one move – raise interest rates to reduce its balance…

Cryptocurrency miners continue to pump computing power into the Ethereum and Bitcoin networks despite their tokens’ recent price drop.

ConsenSys founder Joe Lubin emphasizes Eth2 scalability ahead of the first chain-merge on a public testnet planned for June 8.

The world’s largest US dollar stablecoin, Tether (USDT), today announced its first attestation report in six months. The report disclosed that Tether had decreased its commercial paper holdings – short-term commercial debt – by 17% from December 2021 through March 2022, from $24.2B to $20.1B. Tether said it has decreased its commercial paper holdings by…

South Korean authorities have formed an emergency financial crimes unit to investigate the collapse of stablecoin protocol Terra, and fined the protocol’s founder, Do Kwon, $78M for tax evasion, local media reported. The government agencies want to understand why UST, Terra’s US dollar stablecoin, lost its peg on May 9. The crash wiped $18 billion…

Traders have taken advantage of the Fantom-based lending protocol having hard-coded fUSD and DEI at $1 despite the tokens trading below their pegs.