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USDC Coming Soon on Stacks

USDC Coming Soon on Stacks

The Bitcoin ecosystem is changing the narrative of being just a network for BTC financial transactions. In a recent report, the ecosystem is reviewing plans to move towards a decentralized finance (DeFi) ecosystem. As part of the announcement, leading stablecoin USDC also recently made moves to expand into the Stacks ecosystem. This article outlines what …

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Terra (LUNA) Fiasco: DeFi Platforms Blizz Finance and Venus Protocol Count Their Losses 

Terra (LUNA) Fiasco: DeFi Platforms Blizz Finance and Venus Protocol Count Their Losses 

The entire funds in the liquidity pools of Blizz Finance and Venus Protocol DeFi platforms have been drained by attackers. Blizz claims Chainlink’s decision to pause the LUNA price feed during the token’s over 98 percent crash enabled the attackers to borrow all the collateral by depositing millions of LUNA at a price of $0.10, …

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Locked-down Shanghai to start gradually reopening malls, other businesses

Locked-down Shanghai to start gradually reopening malls, other businesses

3/3 © Reuters. FILE PHOTO: Police and security members in protective suits stand outside cordoned off food stores following the coronavirus disease (COVID-19) outbreak in Shanghai, China March 29, 2022. REUTERS/Aly Song 2/3 SHANGHAI (Reuters) -The Chinese financial and manufacturing hub of Shanghai will gradually begin reopening businesses such as shopping malls and hair salons …

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IMF lifts weighting of dollar, Chinese yuan in SDR basket

IMF lifts weighting of dollar, Chinese yuan in SDR basket

© Reuters. FILE PHOTO: Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration/File Photo BEIJING (Reuters) – The International Monetary Fund said on Saturday it has increased the weighting of the dollar and in its review of the currencies that make up the valuation of its Special …

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