Cryptocurrency Analysis and News Portal
The renowned documentary series “The Future is Now” has recently shifted its focus to the blockchain industry. The team produced its first-ever crypto-related documentary titled “Aligning the Future,” shedding light on the development of Bitcoin and other digital currencies across the globe. The show stars H.E. Justin Sun, TRON founder and
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In recent years, stablecoins have become wildly popular throughout the crypto universe due to their inherent feature that safeguards investors from the volatility of the crypto market. They are used for various use cases and exist across different blockchain platforms. Until recently, stablecoins, decentralized finance (DeFi), non-fungible tokens (NFTs), and other
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Republican Senator Pat Toomey, the ranking member for the Senate Banking Committee, has drafted a bill proposing a regulatory framework for stablecoins in the United States.According to a draft released Wednesday, the ‘Stablecoin Transparency of Reserves and Uniform Safe Transactions Act’, otherwise known as the Stablecoin TRUST Act, proposed the
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A critical distinction between Taro and other stablecoins, like UST on Terra, is that Taro is only the infrastructure to enable the movement of assets over Lightning, be they stablecoins or some other asset. Taro is not a stablecoin, collateralized, algorithmic or otherwise, it is simply infrastructure to enable the
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While it’s still early innings for crypto, management teams at leading fintech companies regard stablecoins and possibly central bank digital currencies (CBDCs) as more “elegant” than bitcoin (BTC) with respect to payments, according to a research report from financial services firm Cowen (COWN). Source
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There has been fast growth in the stablecoin economy, with a recent total of $187 billion, which is quite near the $200 billion thresholds. Stablecoins like Terra’s UST and Neutrino Protocol’s USDN are gaining popularity even as Tether remains the most widely used. They experienced a nearly 30% and a 44% rise
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CoinFLEX creates innovative solutions to bring investors and crypto markets together through intuitive yield products such as flexUSD, the world’s first interest-earning stablecoin, and AMM+, the most-capital efficient automated market maker in the world. CoinFLEX is backed by crypto heavyweights, including Roger Ver, Mike Komaransky, Polychain Capital, and Dragonfly Capital. Mark
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On Feb. 10, Terra tweeted that it would inject $450 million into its official DeFi platform, Anchor Protocol. The announcement comes almost a year since Terraform Labs Foundation injected approximately $70 million into the project.While Anchor looks similar to most other lending protocols, it’s high APY for stablecoins—always around 20%—makes
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In the case of stablecoins, unfortunately, the name is so far a misnomer. The fact that stablecoins are pegged to a “real” asset does not equate to stability. Traditional underlying assets are not exempt from market fluctuations, and with the majority of stablecoins pegged to fiat, they can be just
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Stablecoins used to be a sort of taboo subject in the crypto community after it became common practice to criticize Tether’s reserve backing. Are you really a seasoned crypto investor if you haven’t gone down the Tether (USDT) rabbit hole? Some of those concerns were finally quelled in May 2021
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