Tag: algorithmic stablecoin

Jul 21 2022

New Reason For The Market Crash Revealed: Tesla Sold 75% Of Its Bitcoin In Q2

It’s true, Tesla already sold almost a billion dollars in BTC and the market took it like a champ. Of course, the price fell below the previous all-time high for the first time in bitcoin’s history, but there are clear reasons for that. The Tesla dump wasn’t among those reasons until yesterday night, when the company’s quarterly update for Q2 hit the Internet....

Jun 28 2022

Did Hacktivist Group Anonymous Target Terra’s Do Kwon? Or Is It An Affinity Scam?

A new Anonymous video surfaced and it points its finger at the infamous Do Kwon. The Terra/ UST/ LUNA collapse is the gift that keeps on giving, the story just refuses to die. And, as it usually happens with everything Terra- related, things might not be as it seems. Anyone can be Anonymous, it’s a decentralized and open hacktivist group. That being said, the...

Jun 08 2022

NYDIG Paper Claims Algorithmic Stablecoins Are Impossible And DeFi Too Risky

In “On Impossible Things Before Breakfast,” NYDIG uses the Terra/ LUNA collapse as a case study. The paper aims to prove that the algorithmic stablecoin concept is flawed in nature. It also takes aim at the current state of the DeFi stack and...

May 31 2022

Tron Accelerates To 3rd Spot As Biggest Blockchain In Terms Of TVL

Tron takes off by 44% and ranks as the third-largest blockchain based on TVL. Tron, Tronix, or TRX is designed to beat Bitcoin and Ethereum on their tracks with faster, cheaper, and smarter transactions. Tron doesn't have a maximum supply, unlike Bitcoin, which means it has eliminated the scarcity element, making it eclipse the "king of crypto."...

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