Yellen: crypto is not (yet) a risk to the financial system
May 13, 2022
In a session in the US Congress, Secretary of the Treasury Janet Yellen stated that she does not see crypto as a systemic risk to the stability of the financial system. She did mention the fall of UST as an example of a risk within crypto.
How the crash of UST went down - can algo stablecoins survive this?
May 11, 2022
More is becoming clear about the circumstances that led to the crash of stablecoin UST last Sunday and Monday. There is much speculation about the impact of the UST crash on the stablecoin market. Is this the end of algorithmic stablecoins?
Stablecoin UST not so stable anymore
May 10, 2022
It just had to play out sooner or later: the moment that stablecoin US Terra (UST) would face a stress test. It happened during the current price drop of the crypto markets. At its low point, UST was worth only about 65 cents. At this writing, the price is about 90 cents.
Tron had a strong week despite harsh market conditions, here is why
May 9, 2022
Last week had been particularly hard for tech stocks and crypto alike. The Nasdaq 100 took a hit and bears were rejoicing when they looked at the Bitcoin chart. However, not all crypto assets went down last week. Admittedly there were only a few exceptions but those that presented themselves have proven to be profitable for investors. One of them was Tron. Why took TRX off last week instead of dumping along with the rest of the market?
Luna Foundation Guard adds another 37,863 Bitcoin to its reserve
May 6, 2022
There are only two entities that keep on buying Bitcoin no matter what the price or the market conditions. The first one is MicroStrategy and the second one is the Luna Foundation Guard. The organization ensures that TerraUSD (UST) has additional collateral as a backup in case UST should face hard times. How much BTC did the LFG buy this time and what were the conditions of the latest Bitcoin deal that the foundation has struck?
Gucci will accept Bitcoin, Doge and Shiba
May 6, 2022
Gucci will launch a pilot: later this month, it is going to accept crypto as a form of payment in five stores in the US. Besides Bitcoin and five stablecoins, the luxury brand will gladly take your Doge and Shiba. It is yet another confirmation that crypto is penetrating all levels of the market.
Tron launches its own stablecoin
April 22, 2022
The stablecoin market is welcoming a new player. Tron is launching its own stablecoin: USDD. As of May 5, 2022, the algorithmic stablecoin will go live. The news comes barely two weeks after NEAR announced it will also launch its own stablecoin. The stablecoin market has grown by hundreds of percents in the last two years to approximately $180 billion.
Terra is adding Avalanche to its UST reserve
April 8, 2022
TerraUSD (UST) is the most important factor contributing to the success of Terra which became some sort of backbone in the Defi economy. The most recent moves of Terras founder Do Kwon and the Luna Foundation Guard have already turned some heads. How is Terra adding AVAX to its UST reserve? How much did they buy? And what is going to be the impact of that decision?