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Terra crash highlights stablecoin risk to financial stability: ECB

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A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn’t fit for use in the real economy.

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Coin Market

Sky Mavis lays off 21% of workforce, plans new Axie Infinity game

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Sky Mavis co-founder and CEO Trung Nguyen said resources freed up from the layoffs will be used in a new Axie Infinity game and other projects. 

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Metaplanet wraps crypto media deal months after buying first Bitcoin

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Japan’s Metaplanet has been gathering up Bitcoin for around six months and now wants to enter the crypto media space launching a local version of Bitcoin Magazine.

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Hong Kong’s largest digital bank launches retail crypto trading

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Retail users in Hong Kong can now buy Ether and Bitcoin through Hong Kong’s largest virtual bank, however, they need an account and to undergo a risk assessment first. 

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