Cardano’s overcollateralized stablecoin DJED launched on the mainnet on 31 January. Increased DJED minting led to a jump in on-chain activity for ADA. Following several months of development, Cardano’s [ADA] native over-collateralized stablecoin Djed [DJED] launched on the network’s mainnet on 31 January. How much are 1,10,100 ADAs worth today? …
BankProv will no longer provide loans secured by cryptocurrency mining rigs after writing off $47.9 million in loans. Mining rigs that secured loans have been forced to sell equipment during the several crypto crashes within the past two years. Crypto-friendly bank BankProv has announced that it will no longer provide loans …
The rise of cryptocurrency and blockchain technology has brought about a new era of financial transactions and interactions. However, with this new era also comes the need for effective and secure methods of identifying users. Traditional Know Your Customer (KYC) identity verification methods have proven to be sometimes inadequate in …
Core Scientific has received permission from the bankruptcy court to borrow up to $70 million from B. Riley. The new credit facility will replace an existing one that was extended by B. Riley in December 2022. The U.S. Bankruptcy Court for the Southern District of Texas has granted Core Scientific the …
A global provider of technology and liquidity for the FX and cryptocurrency markets, B2Broker recently announced the extension of its white-label liquidity offering by merging with Match-Trader. Through this new integration, customers will have access to a full white-label solution, fiercely competitive advertisements, and ready-made B2Core connectivity. After …
U.S. District Court Judge Denise Casper sentenced the founder of a multi-million fraudulent crypto scheme to eight years. The team amassed $7.6 million and spent it on a house, cars, and other luxurious items. The U.S. Department of Justice issued a press release on 31 January, which stated that My …
According to research, cryptocurrency hacks caused $8.8 million in damages in January. When compared to the $121.4 million in exploitable losses in January 2022, January’s data indicated a 92.7% drop. In addition to the bullish cryptocurrency market rebound in January 2023, there have been other encouraging industry reports. This included a decrease in exploit-related …
MUX protocol saw promising growth in trading volume and fees. The protocol’s native token MCB shot up by 6% at press time. MUX Protocol, a decentralized perpetuals exchange, made players in the DeFi arena sit up and take notice. Built on layer-2 scaling solution Arbitrum, MUX has seen considerable growth …
AscendEX is excited to announce the listing of Wasder under the trading pair: $WAS/USDT. Trading begins at 2:00 PM UTC on February 2nd. Wasder helps bring old and new friends together around their passion for gaming. Social Media Meets Gaming Wasder has created key features that help you share, discover, …
On the 1 February, Nirmala Sitharaman, the Finance Minister of India, gave the Modi government’s last budget before the Lok Sabha elections in 2024. In the speech, the minister announced a surge of 76% in terms of digital transactions across the country. However, despite the growing number of digital transactions across India, …
![Cardano [ADA] impacted in this manner following DJED’s launch](https://ambcrypto.com/wp-content/uploads/2023/02/maksym-zakharyak-WsL5PhqlGaU-unsplash-2-1000x600.jpg)
