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.
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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.
Terra’s UST is now the biggest decentralized stablecoin, and it is no better than Tether
UST, originally created to withstand up to 91% of the decline in value of LUNA (according to Terra white paper), has now deviated from its core goals of remaining safe and solid.