MUFEX, the decentralized exchange (DEX) founded by industry veterans, is making waves in the DeFi space by providing a trading experience that closely resembles centralized exchanges (CEX) while leveraging the benefits of decentralization. With lightning-fast order processing and a diverse range of order types, MUFEX is rapidly emerging as the go-to platform for CEX users seeking a seamless transition to decentralized trading. MUFEX's professional yet easy-to-use interface sets it apart from other DEX platforms. It introduces innovative features such as…
FDIC
Stablecoins Could Undermine the Safety of the Banking System: FDIC Chief
Martin Gruenberg – Chairman of the Federal Deposit Insurance Corporation (FDIC) – has expressed worry over how stablecoins could affect U.S. banking. During a speech at the Brookings Institution on Thursday, the chairman said a payment stablecoin could “fundamentally alter the landscape of banking.” “Economies of scale associated with payment stablecoins could lead to further consolidation in the banking system or disintermediation of traditional banks.” Federal Reserve Vice chair Lael Brainard has previously noted similar risks, recommending a CBDC to…
7 months ago 
959 views
FTX US Receives Cease and Desist Order From FDIC
FTX US – one of the United States’ leading cryptocurrency exchanges – has received a cease and desist order from the Federal Deposit Insurance Corporation (FDIC). The regulator has accused the exchange of making false and misleading claims about its customers’ FDIC coverage. In the letter issued on Thursday, the FDIC took issue with claims made by FTX US President Brett Harrison on Twitter. Harrison claimed that when employers make direct deposits to FTX US, they are stored in FDIC-insured…
9 months ago 1.1 k views