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DeFi Project Spotlight: Frax Finance, a Sweet Spot for Stablecoins

DeFi Project Spotlight: Frax Finance, a Sweet Spot for Stablecoins

Key Takeaways Frax Finance is an on-chain protocol that mints and manages the FRAX stablecoin. FRAX maintains its peg through a dual collateral-backed and algorithmic mechanism, making it more scalable and capital efficient than overcollateralized stablecoins. Frax also utilizes Algorithmic Market Operations to generate revenue and ensure the protocol is more secure and robust. Frax …

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El Salvador: Finance Minister Says Time Still Not Right for Bitcoin Bond Launch

El Salvador: Finance Minister Says Time Still Not Right for Bitcoin Bond Launch

El Salvador authorities have stated once again that a suitable time for the launch of the country’s highly anticipated $1 billion Bitcoin Bond has not arrived. Salvadoran finance minister Alejandro Zelaya says the current market downturn partly triggered by the raging Russia-Ukraine war makes embarking on such projects unfeasible, reports The Block on June 3, …

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Singapore collaborates with finance industry to explore digital currency use cases

Singapore collaborates with finance industry to explore digital currency use cases

Home » Business » Singapore collaborates with finance industry to explore digital currency use cases The Monetary Authority of Singapore (MAS), Singapore’s de facto central bank financial regulatory authority, is looking to explore the “economic potential and value-adding use cases” of digital assets.  In its latest announcement, the MAS has launched a collaborative initiative with the …

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Australia says plane intercepted by China in ‘dangerous manoeuvre’

Australia says plane intercepted by China in ‘dangerous manoeuvre’

Gain a global perspective on the US and go beyond with curated news and analysis from 600 journalists in 50+ countries covering politics, business, innovation, trends and more. Choose your subscription Trial Try full digital access and see why over 1 million readers subscribe to the FT For 4 weeks receive unlimited Premium digital access …

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Crunch time for Boris Johnson: ‘He is really lucky to be in a job’

Crunch time for Boris Johnson: ‘He is really lucky to be in a job’

Gain a global perspective on the US and go beyond with curated news and analysis from 600 journalists in 50+ countries covering politics, business, innovation, trends and more. Choose your subscription Trial Try full digital access and see why over 1 million readers subscribe to the FT For 4 weeks receive unlimited Premium digital access …

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Sharknado Co-Creator and Snowpiercer Producer Launch New Token FLIX

Sharknado Co-Creator and Snowpiercer Producer Launch New Token FLIX

[PRESS RELEASE – Los Angeles, United States, 1st June 2022] Veteran Hollywood filmmakers Ben Rosenblatt and Micho Rutare launch $FLIX, a novel crypto-token, in order to reinvent how independent films are financed, produced, and distributed. Their company American Meme will leverage FLIX to raise capital for a slate of indie films that appeal to both …

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