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Algorithmic stablecoin market share dropped by 10x from ATH: Report
The notorious failure of the Terra USD (UST) affected the crypto market in general, but it’s the algorithmic stablecoins alike that took the harshest punch. Since its peak in April 2022, the market share of algorithmic stablecoins shrank…
SAMA is Ramping Up Its Research into Central bank digital currencies
The Saudi Arabian Monetary Authority (SAMA) is stepping up its investigation into central bank digital currencies (CBDCs), although it has not yet disclosed any plans to implement such a currency.
The bank announced that it was working on a…
Several Crypto Exchange Websites Taken Down in Kazakhstan
Financial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized during searches in the northern part…