Bitcoin is CASH, says BSV developer Joshua Henslee
In his recent video, Joshua Henslee talks about how Bitcoin is and always was supposed to be cash, how it should be used, the inefficiency of the current payments system, and the need for Bitcoin.
Latest UST News
G7 countries demand rapid digital currency regulations following Terra tokens collapse
The G7 inter-governmental political forum is the latest global body to highlight the need for digital currency regulations, imploring the FSB to establish the regulations quickly.
South Korea reinstates investigative unit ‘Grim Reapers of Yeoui-do’ to investigate Terra
The unit is a joint financial and securities crime investigation team from the Financial Services Commission and the Financial Supervisory Service and was disbanded in 2020.
Sam Bankman-Fried is wrong again
Sam Bankman-Fried, whose FTX exchange sold both UST and LUNA, has emerged to tell the Financial Times that Bitcoin has no future as a payments network.
It’s all decentralized until someone gets rekt
Many blockchains and digital currencies assert to be “decentralized,” however, its short history has proven this to be demonstrably false, as several incidents have occurred in the past six years proving so.
Following LUNA UST crash, South Korea emphasizes need for digital currency regulations
The country’s regulators have said they will use the Terra debacle to raise awareness among digital asset investors following the LUNA meltdown.
UST LUNA crash is just a preview of what’s to come—winter is officially here
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.
Joshua Henslee: ‘Crypto’ bros are wannabe creatures from Jekyll Island
Joshua Henslee released a video discussing his take on the digital currency market chaos last week, particularly how the 'leaders' in the space are handling the issue.
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.
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.
US Federal Reserve says stablecoins are risky as UST goes down
The over-concentration of the stablecoin markets was also highlighted, with the trio of Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) controlling over 80% of the market share.
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.