Circle to ‘fully and solely support Ethereum PoS’

USD Coin (USDC) issuer Circle has revealed that it would fully support the Ethereum (ETH) proof-of-stake (PoS) chain post-merge. According to an Aug. 9 blog post, the stablecoin issuer was looking forward to “the future scaling opportunities (the Merge) unlocks as well as the reduced energy consumption profile of the network.” While we don’t speculate … Read more

Ethereum founder Vitalik Buterin sees potential for algorithmic stablecoins

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Ethereum founder Vitalik Buterin has been in a contemplative mood recently. After posting a series of “open contradictions” in his “thoughts” and “values,” Buterin has now taken his musings to the arena of “automated stablecoins.” Commonly referred to as algorithmic stablecoins, … Read more

Tether $USDT Stablecoin is Coming to Polygon

Tether, the company behind the largest stablecoin by market capitalization, is now offering their $USDT tokens on Polygon. Tether was first issued on the Bitcoin protocol via the Omni Layer, but it has since migrated to other networks such as Ethereum, resulting in increased trading volumes and liquidity in recent years. Polygon’s DeFi ecosystem will … Read more

Dubai-based law firm, school to start accepting crypto payments

Ashish Mehta & Associates, Solicitors and Legal Consultants, a Dubai-based law firm, has announced plans to start accepting crypto for payments. Through this integration, the law firm’s clients will be able to pay for services in digital currencies, including Tether (USDT), Bitcoin (BTC), and Ether (ETH). Explaining why the law firm decided to take this … Read more

Bitcoin dips below $43k – UST backing not enough as Fed turns hawkish

The market price of bitcoin stayed pretty much flat for most of the first week in April. But as the U.S. Federal Reserve signaled higher and faster interest rate hikes, and quantitative tightening of its $9 trillion balance sheet, the general market took a turn downwards, and bitcoin (BTC) went down with it as the … Read more

40% of youngsters want to use crypto for payments, new research reveals

Crypto is rapidly gaining in appeal among younger demographics, with 40% of 18 to 35 year old consumers expressing an intent to use cryptocurrencies — such as bitcoin (BTC), ether (ETH), and stablecoins — to pay for goods or services within the next 12 months, according to a new research report. The report, dubbed “Demystifying … Read more

Polkadot, Kusama to launch Wormhole bridge to Ethereum, Solana

Announced Wednesday in a blog post by Dan Reecer Chief Growth Officer at Acala and Karura, the two Polkadot protocols will integrate with Wormhole, the multi-chain bridging platform connecting blockchain networks. “As the first EVM+ integration on both Karura and Acala, this cross-chain interoperability will enable Acala and Karura users to enjoy asset integrations and … Read more

Bitcoin holds above $41,000 over the weekend, Tether shows bullish signs

As Bitcoin (BTC) wavers around $41,000, Tether is indicating big moves may be coming for crypto in general. According to data from analysts Santiment, Thursday and Saturday had the two largest days of 2022, in terms of addresses interacting on the network, with 83,000 and 74,000 addresses interacting with the network respectively. Keep an eye … Read more

Why Olympus DAO can’t sustain its growth

Olympus DAO was hit hard by the recent market sell-off, with OHM trading as low as $32 on March 9, down 97.7% from its all-time high of $1,415 set last April. Olympus DAO is a decentralized reserve currency protocol, which will automatically issue OHM based on the value of the cryptocurrency. As of the end … Read more

Is mStable truly innovative?

New protocols are constantly coming online in DeFi, with protocols using stablecoins being the most common. There are currently over 70 stablecoins in circulation, but no protocol supports all stablecoins. Because anchoring the same asset in different protocols can appear as different tokens, users often need to swap between these tokens. mStable is built to … Read more