In a bid to improve transparency surrounding its new algorithmic stablecoin, TRON has revealed details of its new coin’s collateralisation strategy. The stablecoin’s market cap is now 217 percent collateralised, while TRON has also disclosed a minimum guaranteed collateralisation ratio of 130 percent.

The Abu Dhabi Investment Office (ADIO) has teamed-up with Access Abu Dhabi have and roped in domain provider named Unstoppable Domains to provide free crypto domain names to women entrepreneurs. The move is intended to increase the participation of women in the crypto and Web3 arena. With this the UAE has added another feather to its decorated hat as one of the most c…

Rapper Snoop Dogg will be launching an NFT-themed restaurant in the US, inspired by his BAYC NFT avatar named Dr. Bombay. Food start-up named ‘Food Fighters Universe’ has roped-in Snoop Dogg to be part of this project.

The Bored Ape Yacht Club (BAYC) Discord server was hacked on Saturday, with the attacker making off with 200 ETH (worth Rs. 2,8 crore) worth of NFTs. The hack took place after the project’s community manager, Boris Vagner, had his Discord account compromised, which the attacker then used to post phishing links across channels.

Automaker MG Motor says it has launched a Metaverse platform MGverse to provide an immersive experience to its customers and stakeholders through multiple arenas.

As India awaits its crypto laws, it is also gearing up for a revamp in the taxation laws around virtual digital assets (VDAs). The development also comes at a time when the RBI deputy governor T Rabi Sankar told IMF officials that stablecoins are not exactly safe to be used as payment options.

Along with Bitcoin and Ether, majority altcoins started the week with small profits. It is predicted that for some days, the profits in cryptocurrencies will be within limits. Talking to Gadgets 360, Edul Patel, the CEO of Mudrex crypto investment platform said that the rather lacklustre market climate indicates towards a low-risk appetite among crypto traders.

New York lawmakers have passed a bill to pull brakes on the spread of cryptocurrency mining operations that burn fossil fuels. Both supporters and opponents say that the closely watched bill, approved early Friday by the state Senate, is the first of its kind in the US.

A Federal Trade Commission (FTC) report has revealed that more than 46,000 people have lost over $1 billion in cryptocurrency scams since the start of 2021. Most of the people losing digital currencies in a scam said it started with an ad, post or a message on a social media platform.

Tether co-founder Reeve Collins believes the collapse of TerraUSD (UST) — since renamed Terra Classic USD (USTC) — might be the catalyst that triggers the downfall of other algorithmic stablecoins.