HUSD Stablecoin Returns to $1 Peg After Liquidity Problems
The HUSD stablecoin, which is issued by Stable Universal, has returned to its $1 peg after suffering "liquidity problems" in relation to a closed market maker account. Source
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Problems
Peter Schiff Warns US Faces a ‘Massive Financial Crisis,’ Economist Expects Much Larger Problems Than 2008 ‘When the Defaults Start’ – Economics Bitcoin News
The economist and gold bug Peter Schiff usually has a lot to say, and this past week Schiff explained during an interview that he believes the U.S. will face a financial crisis worse than 2008’s ‘Great Recession.’ Schiff explains that the U.S. has a lot more debt than it did
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Celsius’ crisis exposes problems of low liquidity in bear markets
After one week of pausing user withdrawals, swaps and transfers, the firm said it was maintaining an open dialogue with regulators and officials and plans to continue working with them regarding this pause. Celsius has yet to comment on when the company is going to stabilize its operations. Celsius has
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Web3athon Challenges Consensus Delegates to Find Crypto Solutions to 'Hyperlocal' Problems
This made-for Web3 hackathon welcomes everyone to pitch ideas. Source
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Argo May Bitcoin Output Drops 25% From April Amid Teething Problems at Texas Facility
Argo Blockchain, the only London Stock Exchange-listed bitcoin miner, produced 124 bitcoin or bitcoin equivalents in May, 25% fewer than the 166 mined in April. Source
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Proof of integrity? Gold industry wants blockchain to solve its biggest problems, March 25–31, 2022
As Bitcoin (BTC) continues to eat away at gold’s market share, the bullion industry is looking to blockchain — the technology first made famous by BTC — to solve its most enduring challenges. How’s that for irony? Someone should really check on Peter Schiff. Speaking of Bitcoin, a MicroStrategy subsidiary confirmed
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Jamaica’s central bank digital currency and the problems it hopes to solve
The Central Bank of Jamacia recently announced that it would be launching its central bank digital currency (CBDC), dubbed the Jamaican Digital Exchange, or Jam-Dex, in the first quarter of 2022. According to the Jamaican government, the national digital currency will help to lower transaction costs while allowing the unbanked
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What Problems is izumi Finance Solving for Uniswap V3
How will izumi change the battle between Uniswap and Curve for top DEX?Launched on Bybit in December, izumi Finance is the first programmable liquidity mining protocol which optimizes liquidity allocation and enables the protocol to deliver rewards precisely and efficiently over certain price ranges. Within a week of launching on
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Form 1099-B Is Not the Solution to Your Cryptocurrency Tax Problems
When the IRS receives a copy of this 1099-B, it will see that you sold $50,000 of bitcoin on Cryptocurrency Exchange B. However, it will not be able to see that your true capital gains for this transaction were actually only $30,000. It will be up to you to prove
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