Stablecoins

Here’s a look at how three of the most popular cryptocurrencies have performed in 2022 and how much a hypothetical investment of $1,000 in each would be worth now. What Happened: After a strong 2021 for the cryptocurrency market, 2022 could go down as one of the darker periods for the...

U.S. Secretary of State Antony Blinken said on Aug. 8 that the country sanctioned Tornado Cash (CRYPTO: TORN), a decentralized application on the Ethereum (CRYPTO: ETH) blockchain that allows the anonymous transfer of Bitcoin (CRYPTO: BTC). The reasoning behind it, as...

Beginning with Bitcoin (CRYPTO: BTC) which was launched in 2009, the crypto market has grown exponentially to now offer more than 20,000 unique crypto tokens from which investors can choose.  While Bitcoin remains popular with 95% of today’s crypto investors, meme coins were...

Amid bearish market sentiments, Singapore-based cryptocurrency lending platform Hodlnaut on Monday announced the halting of withdrawals, citing liquidity constraints and the need to focus on stabilizing its liquidity and preserving assets. With the move, Hodlnaut joins a long list of crypto...

A majority of the community of decentralized non-custodial market protocol Aave (CRYPTO: AAVE) DAO has voted in favor of creating a stablecoin GHO, which will be backed by a portfolio of other cryptocurrencies as collateral. Aave DAO is a non-custodial, decentralized market system that lets users...

Cryptocurrencies have long been considered a hedge against inflation and a better alternative to fiat currencies that are susceptible to devaluation concerns. Most cryptocurrencies have significantly underperformed benchmark stock market indices due to liquidity pressures brought about by the...

Given that the largest stablecoins serve a critical function for crypto-asset markets’ liquidity, the failure of one of the largest stablecoins could have wide-ranging implications for crypto-asset markets and in turn contagion effects on the financial system, according to the European...

Jeremy Allaire, co-founder and CEO of global fintech firm Circle, refuted rumors of a potential USDC (CRYPTO: USDC) collapse. What Happened: Following the recent crypto market crash, Allaire addressed the USDC’s potential de-peg in a series of tweets on July 2. It is "understandable why...

During periods of rampant excess in financial markets, we move from valuations based on the present value of future cash flows to valuations based on stories. How compelling is your story? Is it one of future growth and revolutionized economic reform all powered by smart contracts? Sounds pretty...

Numerous cryptocurrency trading hedge funds have opened major short positions on Tether (CRYPTO: USDT). What Happened: According to CoinDesk, digital currency broker Genesis stated that following Terra’s (CRYPTO: LUNA) downfall due to UST’s (CRYPTO: UST) de-peg, numerous short positions...

Martin Shkreli, who gained notoriety for jacking up the price of a lifesaving drug by 5000%, says he’s working on a decentralized software with applications in the pharmaceutical industry. What Happened: Shkreli said he sees the potential use cases for blockchain in the...

Ethereum (CRYPTO: ETH) plummeted to $950 at one point Monday, driven by 65,000 ETH dumped on Uniswap (CRYPTO: UNI). What Happened: On June 13, ETH fell below the spot price, relative to other exchanges, to $950 on Uniswap. Ethereum, across numerous multiple trading pairs, was unloaded for a...

The tipping point for the crypto markets was the collapse of TerraUSD (CRYPTO: UST). This stablecoin was supposed to remain at $1, however, Terra lost its peg to the U.S. dollar and fell sharply, bringing the rest of the crypto market down with it....

With the bipartisan support of Sen. Kirsten Gillibrand (D-NY) and Sen. Cynthia Lummis (R-WY), the Responsible Financial Innovation Act was proposed earlier today. Alongside a number of regulatory clarifications presented in the legislation, one major component is its endeavor to...

One of the most prominent bulls of the future of Bitcoin (CRYPTO: BTC) has been Michael Saylor. The CEO of MicroStrategy Inc (NASDAQ: MSTR) has put his money where his mouth is, investing his own personal money and revenue from his software company into the cryptocurrency. Here is an update on...