By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Hong Kong-based crypto lender Babel Finance is planning on issuing a crypto-backed stablecoin in unison with a decentralized finance (DeFi) platform in an attempt to repay creditors following a $766 million loss last year.Publish at: March 06, 2023 at 12:29PM
Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report
BIS Says ‘Hub and Spoke’ Cross-Border Transfers Offer Benefits for Retail CBDC
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The model explored in Project Icebreaker would offer retail users the best foreign-exchange rates and faster transactions while allowing central banks to keep almost total control of their currencies.Publish at: March 06, 2023 at 11:38AM
Singapore Police Start Investigation Into Do Kwon’s Terraform Labs: Bloomberg
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Singapore’s police has confirmed Do Kwon is not in the city state.Publish at: March 06, 2023 at 11:18AM
Does Bitcoin’s Weekly Death Cross Pattern Call for Caution?
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The death cross formed on the weekly timeframe makes for a cautious view of the near-term outlook, one observer said, while another called it a non-event.Publish at: March 06, 2023 at 10:34AM
DeFi Exchange PancakeSwap to Deploy Version 3 on BNB Smart Chain in April, Burns $27M in CAKE
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data PancakeSwap V3 will offer new features such as improved liquidity provisioning, competitive trading fees, trading incentives and enhancement for yield farming tools.Publish at: March 06, 2023 at 10:12AM
Crypto Banking Firm BCB Readies U.S. Dollar Payments to Plug Silvergate Gap
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data BCB Group CEO Oliver von Landsberg-Sadie said he hopes to have dollar fiat-to-crypto rails in place and ready to go live early in the second quarter.Publish at: March 06, 2023 at 09:46AM
Crypto Exchange Bybit Suspends USD Deposits
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The exchange announced the suspension on Saturday, adding that withdrawals through wire transfers, including SWIFT, will be halted from March 10.Publish at: March 06, 2023 at 08:47AM
EOS Blockchain Plans Second Innings Ahead of April’s EVM Launch
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The EOS Foundation will grant funds to EOS-based applications, among other steps, as the platform gears for a “new life.”Publish at: March 06, 2023 at 07:11AM
First Mover Asia: Bitcoin Is Stuck Between Silvergate and China
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data ALSO: CoinDesk columnist Chief Insights Columnist David Z. Morris considered the gathering of the Etherians at ETHDenver, all working together to build; Bitcoin stands on a precipice above $22.4K.Publish at: March 06, 2023 at 01:06AM
ETHDenver Teases Spin-off Plans as Conference Winds Down
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data After a successful week of hacking, networking, and partying, ETHDenver co-founder John Paller revealed he is in talks to organize satellite events in other countries.Publish at: March 05, 2023 at 11:44PM