An algorithmic stablecoin lost its peg to the U.S. dollar, and as a result, it caused the algorithm to print mass amounts of LUNA token, causing it to crater from $100+ to pennies overnight.
Coinbase reported a loss of US$430 million in Q1 2022 as revenue slipped 27% compared to a year ago, and the stock ($COIN) has now lost 70% of its value since March.
Bitcoin developer Joshua Henslee released a new video talking about one of the most dramatic events in the digital currency industry in recent times: the collapse of the UST stablecoin.
The prices of inter-linked LUNA and UST tokens on the popular Terra network tanked this week, causing leading exchanges, including Binance, to suspend transactions in those assets.
Joshua Henslee explains that Accord Money is a stablecoin yield farming project on BSV, which allows users to borrow a stablecoin (Accord Dollar) against BSV at a current interest rate of 15%.
Using the Accord Money platform, users can take out BSV collateralized Accord Dollar loans, earn AMT, liquidate undercollateralized positions to earn revenue, as well as repay and redeem loans.
The letter, titled "Crypto-assets: Risk management expectations and policy roadmap," set out APRA's initial risk management expectations and a policy roadmap for the digital asset industry.
Ethereum-based stablecoin "Bean," from the Beanstalk Farms DeFi platform, proved not-so-stable this week as an attacker exploited code in a flash loan contract to siphon off around $182 in value.
The stability of the assets allegedly backing Tether is once again under the microscope after investors placed significant short bets against the controversial stablecoin.
In this episode of the CoinGeek Weekly Livestream, host Kurt Wuckert Jr. answers viewers’ questions, from available jobs in BSV to Dr. Wright's presentation at the IEEE Blockchain Symposium in Dubai.
CoinDesk filed a FOIL request for information about Tether's reserves, it appealed and won, but Tether challenged this decision, claiming that revealing its assets gives its competitors an advantage.
BSV blockchain will be at the center of the first BSV Global Blockchain Convention. The three-day event will be held in Dubai from May 24 to 26 at the Grand Hyatt Hotel.
