Cryptocurrency Analysis and News Portal
Stablecoins are entering a period of great uncertainty following the U.S. Securities and Exchange Commission labeling BUSD an “unregistered security” and ordering Paxos to stop minting new tokens.Do these moves signal a wider war by U.S. regulators on
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Platypus Finance’s native stablecoin fell to 48 cents from $1 earlier on Friday following the attack. Original Source
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With Ethereum's long-awaited transition to proof-of-stake (PoS) fast approaching, blockchain analytics firm Coin Metrics is out with a new report explaining the move, along with data that provides some insights about user behavior. Lucas Nuzzi, Coin Metrics head of research and development, joined "First Mover" to discuss the findings. Glen
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In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining why free-floating DAI may be the only choice for the decentralized autonomous organization (DAO).In his blog post, “The Path of
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MakerDAO founder Rune Chirstensen has urged members of the decentralized autonomous organization (DAO) to “seriously consider” preparing for the depeg of its DAI stablecoin from the United States dollar (USD). The founder’s comments came in light of the recently announced sanctions on crypto mixer Tornado Cash, noting to MakerDAO’s
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The next big crypto crash could be around the corner due to Lido Staked Ether (stETH), a liquid token from the Lido protocol that is supposed to be 100% pegged by Ethereum’s native token, Ether (ETH).Notably, the stETH peg could drop against ETH by 50% in the coming weeks, raising
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Sarah Pritchard, the executive director of markets at the United Kingdom’s Financial Conduct Authority, or FCA, reportedly said the regulator will look at the recent volatility in the crypto markets when creating rules for the space in 2022.According to a Friday Bloomberg report, Pritchard said the financial regulator will “absolutely”
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Quick summary: According to CoinShares, digital asset investment products saw record weekly inflows of $274 million last week Bitcoin also saw $299 million in inflows in the last week Institutions saw the recent crypto market meltdown caused by USTs depegging as a buying opportunity The crypto market meltdown of last week catalyzed by the
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Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock The impact of this event on the wider market is very significant. Soon we will find out which DeFi
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A scandal has rocked investor faith in a popular stablecoin, and as users rush to exit, the clamor is threatening to throw the asset off its dollar peg.Even worse, however, some observers worry that one stablecoin losing its peg could have a “contagion” effect, diminishing the value of multiple stablecoin
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