The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Tether explains why it ‘has nothing in common’ with Terra UST
With investors still reeling from the Terra UST fallout, Tether seeks to assure investors that it is different.
UK Treasury reaffirms commitment to regulate stablecoins following TerraLUNA fiasco
The UK's Treasury Department will be regulating stablecoins in a move that is set to create a healthy environment for stablecoin issuers and service providers.
EU regulators criticize stablecoins to promote Euro CBDC
EU regulators are using the attack on UST and USDT stumbling as proof that Europe needs a CBDC
Report: Crypto sees record investment despite bearish market
Terra’s UST recorded some inflows despite losing around 100% of its value and 99% of assets under management. Per the report, the asset saw an inflow of $0.043 million.
GameFi Slides on Macro Trends but Individual Projects Shine | April Monthly Report
STEPN is one of the hot projects in crypto and has surpassed $2 billion in market cap.
Grayscale Investments rolls out its first European crypto ETF
The GFOF UCITS ETF will trade on the London Stock Exchange (LSE), Borsa Italiana, and Deutsche Börse Xetra.
President Nayib Bukele announces that 44 countries will meet in El Salvador to discuss Bitcoin
The President of El Salvador announced that he would be meeting with representatatives from 44 different countries to discuss Bitcoin, financial inclusion, digital economy and banking the unbanked.
Another algorithmic stablecoin, DEI, loses peg
Deus' team might have contributed to the decline as the developers had halted a mechanism that allowed investors to exchange their DEI for other tokens.
Terra ecosystem to vote on a fork to create Luna Classic and Luna Core
Do Kwon has released an updated revival plan for validators to vote on and create Luna Core and Luna Classic
Dubai-based law firm, school to start accepting crypto payments
Ashish Mehta of Ashish Mehta & Associates claims Dubai and the UAEs regulatory and compliance framework encouraged his law firm to accept crypto payments.
10 DAO tools you should familiarize yourself with
Decentralized Autonomous Organizations, or DAOs, provide a new way of organizing humans by utilizing blockchain technology.
Key takeaways from BlockDown Croatia 2022
Here's what you should know from Blockdown Croatia 2022, encompassing topics from DAOs and DeFi, to Metaverse and NFT's
Scream protocol losses millions to stablecoin depeg
Scream had hardcoded the value of these affected stablecoins, Fantom USD (fUSD) and DEI to $1, meaning their decline didn’t reflect on its platform.
Elwood Technologies raises $70M in Series A round led by Goldman Sachs
Elwood plans to use the $70 million to increase its product offerings and expand global operations.
Is Guitar giant Fender quietly gearing up to enter the NFT space?
Fender has filed multiple NFT-related patents and trademark applications in the U.S. in a bid to protect or launch its brand in web3.