DailyCryptonews by cryptoborges - 26/01/2021

Galaxy, Coinbase Bet $25M on DeFi Using Terra Stablecoins

The stablecoin for e-commerce creator has already proven people will use its volatility-free tokens in decentralized finance (DeFi) to buy synthetic stocks, and plans to attract blockchain denizens to even more use cases.

“Terra has already made a successful payment case for more than 2 million users in the Korean market, and is also rapidly growing in the DeFi space,” Simon Kim, CEO of Hashed, said in a press release.

Terraform says its blockchain generates $13 million in fees annually. Its payments system, Chai, has 2 million users and sees $1.2 billion in transaction volume using its TerraKRW stablecoin, which tracks the price of the South Korean won.

Iranian government reportedly moving to block Signal messaging app

Signal is reportedly under attack from Iranian authorities as interest is surging amid speculation the government already has access to users’ information on other popular messaging apps.

According to Al Jazeera, many users of the privacy-focused messaging app in Iran have reported being unable to connect since Signal took the top position at the Google Play Store in the country this month. The app has already been removed from Iranian app stores Cafe Bazaar and Myket.

Iran faced a large number of widespread civil protests in November 2019 amid the economic hardship brought on by U.S. sanctions, allegations of government corruption, an increase in the price of fuel. Many social media posts at the time showed Iranian authorities killing protesters, resulting in the government shutting down the internet for nearly everyone in the country for days.

Though Iran attempted to block Telegram in 2018 amid users sharing violent reactions to protesters from authorities, many residents have been able to circumvent these restrictions with VPNs

Lawyers Take Aim at Russia’s Crypto Legislation

Social trading platform eToro ended 2020 with $600M in revenue



images via coinmarketcap



images via coinmarketcap

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Francisco Borges
Francisco Borges

Hi, I'm Francisco Borges and I'm an ethusiastic of crypto world. I believe that the crypto is going to lead the world in the near future. (Sorry for my bad english)

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