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TrueUSD Stablecoin Set to Launch as First USD Stablecoin in Avalanche’s DeFi Ecosystem TrueUSD (TUSD), a fully-backed stablecoin attested independently live and on-chain, is launching the first USD stablecoin on Avalanche in Q1 2021, marking massive improvements in the utility of stablecoins for payments and DeFi applications.  TrueUSD is one of multiple TrueCurrencies built by TrustToken, which include TGBP, THKD, TCAD, and TAUD. Collectively, TrustToken currencies trade on more than 100 exchanges and OTC desks, generating billions of dollars in monthly volume across more than 150 countri...

Renaming of Pennsylvania High School Divides the Community On May 11, the Radnor School District Board in Pennsylvania voted 6-3 in favor of upholding the removal of Radnor High School’s nickname “Raiders” and the accompanying mascot depicting a Native American warrior. The decision resulted from controversy surrounding the rebranding of the nickname and mascot, which have been in place for over 90 years. Proponents of the name change argue that the name “Raiders” is racist as it was placed together with the image of an Native American, while the other side says the term “Raiders�...

The development came days after Chinese industry bodies tightened a ban on banks and payment companies providing crypto-related services.

Bitcoin Price Falls Further As China Cracks Down on Cryptocurrency Mining, Trading Bitcoin price fell more than 11 percent on Friday and was trading at nearly $36,000 (roughly Rs. 26,24,800). By Reuters | Updated: 22 May 2021 10:49 IST Photo Credit: Reuters Highlights The cryptocurrency down about 28 percent so far this week Rival cryptocurrency Ether also came under pressure Bitcoin extended losses on Friday afternoon, falling more than 11 percent after China doubled down on efforts to prevent speculative and financial risks by cracking down on mining and tra...

Bitcoin markets operate 24/7, setting the stage for price swings at unpredictable hours, with retail and day traders driving those moves.