VOLT is an inflation resistant stablecoin backed by Protocol Controlled Value, a mechanism first pioneered by Fei Protocol. VOLT can be minted using stablecoin collateral such as FEI and DAI, and is pegged to the Consumer Price Index. The Consumer Price Index is a basket of goods that attempts to calculate the average increase in living costs for American consumers. As the CPI rises, VOLT's peg rises with it. VOLT backs this peg by actively investing its stablecoin collateral into yield strategies in venues like Rari Capital and Maple Finance.

Volt Protocol

VOLT is an inflation resistant stablecoin backed by Protocol Controlled Value, a mechanism first pioneered by Fei Protocol

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Genesis Global Trading, a subsidiary of Digital Currency Group, has agreed to pay an $8 million penalty to the New York State Department of Financial Services (NYDFS) after settling allegations of compliance failures. The NYDFS accused the company of violating virtual currency and cybersecurity regulations, leading to its vulnerability to illicit activities and cybersecurity threats.The […]
The post Genesis Global Trading Settles with NYDFS, Pays $8 Million Penalty, and Surrenders BitLicense appeared first on Cryptonews.

Cryptonews

Genesis Global Trading Settles with NYDFS, Pays $8 Million Penalty, and Surrenders BitLicense

The post NYDFS Implements New Regulatory Guidance for Listing and De-listing Crypto appeared first on Coinpedia Fintech News
The New York State Department of Financial Services (NYDFS) has introduced stricter guidelines for crypto firms regarding the listing and delisting digital currencies. This development, announced on November 15, signals a proactive step by the NYDFS to align crypto operations within a more rigorous regulatory framework. Supt. Harris spoke to the @EconClubNY on DFS’ transformation …

Coinpedia

NYDFS Implements New Regulatory Guidance for Listing and De-listing Crypto

As meme coins continue to shake up the crypto market, two tokens are seizing the spotlight. Pepe 2.0 ($PEPE2.0) and Shib2.0 ($SHIB2.0) are witnessing an impressive upsurge, reflecting the growing interest in “2.0 tokens”. Meanwhile, Wall Street Memes ($WSM), another trending token, is piquing traders’ curiosity – with many speculating that it could be the […]

Volt Protocol VOLT

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Genesis Global Trading Settles with NYDFS, Pays $8 Million Penalty, and Surrenders BitLicense

NYDFS Implements New Regulatory Guidance for Listing and De-listing Crypto

Pepe 2.0 and Shib 2.0 Continue to Surge, While Traders Think Wall Street Memes Could Be Next to Explode