Binance Backs $32 Million Funding for Unicorn Founder’s Crypto Stablecoin – CoinDesk

Yet another stablecoin is attracting big investors. Announced Tuesday, the founder behind a $1.4 billion startup unicorn called TMON is revealing he has raised a $32 million seed round to build a stablecoin called Terra. But while a number of startups have deployed stablecoins – cryptocurrencies engineered to track the price of another asset, usually fiat […]

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China Now Has a Way for the Public to Report Illegal Token Sales – CoinDesk

A Chinese self-regulatory association is working to assist government agencies in cracking down on illegal initial coin offerings (ICOs). The China National Internet Finance Association (NIFA), a self-regulatory organization founded by the People’s Bank of China (PBoC), has added a “token sales” category to its platform that allows the public to report on potentially illegal financial […]

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