# China’s central bank worried about stablecoins’ risk to financial systems

# China’s central bank worried about stablecoins’ risk to financial systems

“# China’s central bank worried about stablecoins’ risk to financial systems ” The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official. Fan Yifei, a deputy governor of the People’s Bank of China (PBoC), expressed concerns over the reportedly serious threat stablecoins…

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# 3 reasons why Terra (LUNA) price rallied by 20%

# 3 reasons why Terra (LUNA) price rallied by 20%

“# 3 reasons why Terra (LUNA) price rallied by 20% ” Altcoins continue to move higher while the price of Bitcoin (BTC) remains trapped in the $31,000 to $36,000 price range.  The predictable range appears to be helping Terra (LUNA), a blockchain protocol that specializes in fiat-pegged stablecoins like TerraUSD (UST) to power a price-stable…

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# Terra and Harmony announce DeFi partnership focused on UST stablecoin integration

# Terra and Harmony announce DeFi partnership focused on UST stablecoin integration

“# Terra and Harmony announce DeFi partnership focused on UST stablecoin integration ” Terra, an algorithmic stablecoin platform for savings, investments and payments, is joining forces with the Harmony blockchain to pursue new DeFi initiatives focused on programmable money and other so-called financial primitives.  Under the new partnership, which is described as a “deep integration”…

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# 3 reasons why Enzyme Finance (MLN) is up 92% in a week

# 3 reasons why Enzyme Finance (MLN) is up 92% in a week

“# 3 reasons why Enzyme Finance (MLN) is up 92% in a week ” Decentralized finance (DeFi) has emerged as one of the most promising real-world applications of blockchain technology, capable of reshaping the face of the global financial markets and transforming the way the average person manages their money.  One DeFi focused project that…

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# Wyoming legally recognizes first DAO in the United States

# Wyoming legally recognizes first DAO in the United States

“# Wyoming legally recognizes first DAO in the United States ” The crypto-friendly state of Wyoming has approved the first legally recognized Decentralized Autonomous Organization (DAO) in the United States. The American CryptoFed DAO received notice from the Wyoming Secretary of State’s office on July 1 recognizing it as a legal entity, according to a…

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