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Frax Finance to retire algorithmic backing amid stablecoin crackdown

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The vote was passed to fully collateralize Frax Finance’s native stablecoin, thus phasing out its algorithmic backing.

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Coin Market

Bitcoin sees first major weekly price decline since Trump’s election win

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Bitcoin is now down around 11% after reaching its all-time high price of $108,135 on Dec. 17.

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Coin Market

Metaplanet buys the dip with biggest-ever 620 Bitcoin buy

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Japanese investment firm Metaplanet has purchased $60 million worth of Bitcoin, the largest single BTC buy it has made since it started acquiring the cryptocurrency in May.

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Coin Market

Italy fines OpenAI $15M over data protection, privacy breaches

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Italy’s privacy watchdog ordered OpenAI to conduct a six-month public awareness campaign to promote how ChatGPT collects and uses data.

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