2022-8-23 19:30 |
A total of 3.022 billion aUSD were previously minted via a liquidity bridge glitch.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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According to a news post by the co-founder of Acala Network, Bette Chen, the… The post Acala community okays burning billions of erroneously minted aUSD stablecoin appeared first on CoinJournal.
2022-8-23 23:24 | |
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Developers said trace reports were underway to identify the transactions performed by the 16 wallet addresses connected to the exploit.
2022-8-16 10:22 | |
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The Acala hack saw over one billion aUSD stablecoins minted from thin air, but now community members are scratching their heads wondering how a decentralized protocol would handle the clean up.
2022-8-15 05:36 | |
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USDC stablecoin issuer Circle is planning on moving its legal base from Ireland to the U.S. as an IPO looms. Stablecoin issuer Circle is working on shifting its legal base to the US from Ireland, as the company gears up…
Former Commodity Futures Trading Commission Chair J. Christopher Giancarlo will join the board of directors at Paxos.
Christopher Giancarlo, former CFTC chief has joined Paxos board. Giancarlo’s advocacy for blockchain innovation aligns with Paxos’ mission for regulated solutions. Paxos aims to drive financial sector innovation with Giancarlo’s guidance on board.
Robert Kiyosaki, the author of the bestselling personal finance book “Rich Dad, Poor Dad,” has fired another financial warning shot, this time targeting the US dollar and a potential challenger – a gold-backed stablecoin from the BRICS nations (Brazil, Russia, India, China, and South Africa).
BSP approves pilot for PHPC, a Peso-backed stablecoin, in collaboration with Coins. ph. Sandbox testing to evaluate PHPC’s real-world performance and impact on local fiat ecosystem. Transition to real-world usage subject to final evaluations and approvals by central bank.
The stablecoin already enjoys a dominant position in stablecoins and its integration with the TON (Telegram) network could boost it further, says Sylvia To, head of partnerships and token research at Bullish.
Investors remain bullish as stablecoin market cap hits $161 billion, reflecting strong liquidity and smart money movements. The post More liquidity: stablecoin market cap grows $4 billion despite Bitcoin’s pullback appeared first on Crypto Briefing.