Coinbase reveals customer assets are not safe as collapse starts
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.
Latest stablecoin News
Digital currency prices crash as UST stablecoin loses its peg: Joshua Henslee
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.
LUNA and UST crashed again, raising questions about stablecoins
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 talks about Accord Money on Bitcoin SV
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%.
Introducing Accord Dollar, BSV’s first decentralized stablecoin
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.
Australia’s statutory authority lays out policy framework for digital asset-related entities
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 ‘stablecoin’ Bean goes from $1 to 19 cents after yet another code exploit
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.
Short-sellers target Tether but danger lurks
The stability of the assets allegedly backing Tether is once again under the microscope after investors placed significant short bets against the controversial stablecoin.
CoinGeek Weekly Livestream tackles Bitcoin Citadels, entry-level jobs in BSV and Dr. Craig Wright speech on IPv6
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.
Tether claims revealing assets could destroy its business model
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.
The CoinGeek Pulse Episode 75: Meta joins COPA, China pilots blockchain app, BSV Global Blockchain Convention in Dubai
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.
Facebook’s Diem to sell assets for $200M after botched stablecoin attempt
Diem is reportedly in talks with Silvergate Bank for the sale of the Diem project’s assets as it seeks to refund the early investors such as Coinbase and a16z.