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Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy
11.5.2022
During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value against the U.S. dollar in 24 hours. Terrausd has slipped 67% lower...
UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation
10.5.2022
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on whether it will fail or recover....
As LUNA’s Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below $1 Parity to $0.93
9.5.2022
As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s stablecoin terrausd (UST) has lost stability, dropping to $0.932008 per token. Additionally, the Luna Foundation Guard’s bitcoin wallet...
USDT vs. USDC vs. UST: How Do They Compare?
7.5.2022
Stablecoins are taking an increasingly growing market share of the overall crypto markets as the demand for digital dollars continues to rise among crypto investors.
Read on to learn about the similarities and differences between USDT, USDC, and UST in this stablecoin comparison guide.
Tether...
Uniswap Has Deeper Liquidity Than Coinbase & Binance, Uniswap Co-Authored Study Claims
6.5.2022
The popular decentralized exchange (DEX) Uniswap (UNI) has deeper liquidity in several important crypto trading pairs than even the largest centralized exchanges such as Binance and Coinbase, according to a new study, co-authored by a researcher at Uniswap....
Read More: Uniswap Has Deeper...
Finance School Bentley University Now Accepts Cryptocurrency Payments for Tuition
4.5.2022
Bentley University, the private university located in Waltham, Massachusetts, has revealed it now accepts digital currencies for tuition payments. Bentley University’s president explained that the school has been “at the forefront in preparing business leaders” and further...
Banco Galicia Becomes First Bank to Introduce Crypto Trading in Argentina
3.5.2022
Banco Galicia, one of the largest financial institutions in Argentina, has introduced cryptocurrency trading as part of the services it is currently offering to customers. Users interested in investing in cryptocurrency are already able to purchase four different crypto assets directly from...
Jane Street Dives Into DeFi With $25M USDC Loan
3.5.2022
Quant trading firm Jane Street has taken a $25 million USDC loan from crypto firm BlockTower Capital, via Clearpool
Argentinian Banking Heavyweight to Launch Bitcoin, Ethereum Trading, While Tax Body Urges Tighter Crypto Monitoring
3.5.2022
One of the largest private financial entities in Argentina, Banco Galicia, has announced that it will allow some of its customers to trade, sell, and hold cryptoassets at a time when Argentina’s tax body has called for Latin American governments to bolster their crypto monitoring...
Deus DAO Exploited Again, Loses Reported USD 13M+ in Flashloan Attack
28.4.2022
Another day, another exploit. Deus Finance DAO seems to have lost at least USD 13m in its own latest flashloan attack.
The project which describes itself as a “decentralized bilateral OTC [over-the-counter] derivatives platform” has confirmed the attack, claiming that user funds are safe,...
American Borrowers Can Now Use Crypto Mortgages to Buy Home
27.4.2022
USDC.homes, a new decentralized finance (DeFi) project, is offering US homebuyers DeFi mortgages, enabling users to purchase homes using crypto without having to first liquidate it.
The project currently allows Texas residents to secure crypto mortgages but plans to expand its offering...
Uncollateralized DeFi mortgage taken out on Austin condo via Teller
27.4.2022
An Austin resident is a proud homeowner after securing a loan denominated in USDC stablecoin over the Polygon network by using their credit score
Regulatory Clarity, More Transactional Use Could Boost Stablecoin Adoption - Crypto Summit Panel
26.4.2022
The USD 80bn-heavy stablecoin industry requires more regulatory clarity and harmonization across jurisdictions, but the coins' increased use for transactions is the ultimate factor that will boost adoption across the world, according to the participants of a discussion held at the Crypto...
USDC Could Topple USDT From Top as Institutions Favor It
25.4.2022
Stablecoins are an integral part of the crypto market as they are the haven that protects them from dangers like high volatility. As per the reports from Huobi, stablecoins have been more than just a hedging tool and helped bring more assets into DeFi lately. They have greatly accelerated...
Twitter and Stripe roll out USDC payout program for creators via Polygon
22.4.2022
In addition to payments to bank accounts and debit cards, select content creators can now elect to have USDC earnings sent to their wallets
Payments Giant Stripe Rolls Out Pilot to Test Crypto Payouts With Twitter
22.4.2022
On April 22, the payments giant Stripe announced that it is expanding global payouts with crypto assets via a new pilot. Stripe’s crypto executive Karan Sharma revealed crypto payouts for the firm’s Connect service to a select group of Twitter users as the social media platform...
Stripe Taps Polygon to Allow Customers to Make Payments in USDC
22.4.2022
Twitter will be the first company to test this option by paying earnings via crypto to content creators who use its monetization products
Solana's STEPN hits record high as GMT price skyrockets 34,000% in over a month
19.4.2022
Strong hype around move-to-earn tokens could offset the bearish technicals emerging for GMT
Stablecoins See Growth With Crypto Market Stuck in ‘Bearish Lull’
13.4.2022
A “bearish lull” in the crypto market fuelled growth in stablecoins, with the market capitalization of the top five stablecoins growing by 13% in the first quarter, according to a new report from the coin tracking site CoinGecko.
The growth in the market capitalization of stablecoins is notable...
Luna Foundation Guard Buys Additional USD 100M in Bitcoin, Now Holds BTC 42.4K
13.4.2022
The Luna Foundation Guard (LFG), a nonprofit organization established in the Republic of Singapore dedicated to creating a reserve protocol for the algorithmic stablecoin UST, has purchased an additional USD 100m worth of bitcoin (BTC), increasing its total holdings to just over BTC 42,400 (USD...