Billionaire Investor Mike Novogratz on Rise and Fall of the Terra ($LUNA) Ecosystem

On Wednesday (May 18), former LUNAtic Mike Novogratz shared his latest thoughts on the $LUNA / $UST debacle. Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a technology-driven financial services and investment management firm that provides institutions and direct clients with a full suite of financial solutions spanning the digital assets ecosystem.” […]

BoE Deputy Governor for Financial Stability: Cryptoassets Have ‘No Intrinsic Value’

On Tuesday (May 17), Sir Jon Cunliffe, Deputy Governor for Financial Stability at Bank of England (BoE), spoke about cryptoassets at the three-day event “The Future of Everything“, which is hosted by Wall Street Journal (WSJ). According to his BoE bio, Sir Jon Cunliffe “became Deputy Governor for Financial Stability on 1 November 2013.” He […]

Terraform Labs CEO Proposes ‘Terra Ecosystem Revival Plan 2’

On Monday (May 16), Do Kwon, Co-founder and CEO of Terraform Labs — as well as a director at Luna Foundation Guard (LFG), put up a new proposal up for a governance vote on May 18 (“Asia time”). As leading digital asset market data provider CryptoCompare said in an excellent comprehensive report (titled: “Exploring UST’s Fall From Grace”) published on May 13, […]

U.S. Treasury Secretary Calls For Regulation Following TerraUSD’s Epic Collapse

U.S. Treasury Secretary Dr. Janet Yellen has called on U.S. Congress to enact regulations for stablecoins following TerraUSD’s epic collapse in price last week.  Yellen made her comments last Tuesday (May 10) while testifying before the U.S. Senate Committee on Banking, Housing and Urban Affairs, saying that she believes stablecoins pose a risk to the market’s financial […]

COTI CEO: How Cardano-Powered Decentralized Algorithmic Stablecoin Djed Is Different

On Tuesday (May 10), In the wake of the fall from grace of Terra ecosystem’s algorithmic stablecoin TerraUSD ($UST) in the past few days, FinTech startup COTI Group CEO Shahaf Bar-Geffen explained how his algorithmic stablecoin Djed (which is built on Cardano) is different and why its dollar peg has not been affected. What Is Djed? On Sunday (September […]

$LUNA Down 96% From All-Time High, Terraform Labs CEO Says ‘Stay Strong, Lunatics’

On Wednesday (May 11), $LUNA, which is the native staking and governance token of Terra protocol, is trading below $10, which is a huge fall from the all-time high of $119.18, which was set just over five weeks ago. What Is Terra ($LUNA)? The official Terra documentation has this to say about the Terra Protocol: “The Terra protocol is […]

Weiss Ratings Analyst Urges Caution Over Crypto-Backed Mortgages

Recently, an analyst who works at Weiss Ratings, the only financial rating agency that grades cryptoassets, issued a dire warning over cryptoasset-backed mortgages, saying they present a significant risk.  According to a report by Cointelegraph, Weiss, which is based out of Florida, Weiss analyst Jon D. Markman released a report on May 2 that looks […]

Terra ($LUNA) Falls to $62, Its Lowest Level Since February 24

On Sunday (May 8), the price of $LUNA, which is the native staking and governance token of Terra protocol, fell to its lowest level in ten and a half weeks partly due to rumors that stablecoin TerraUSD ($UST) might have come under a co-ordinated attack. What Is Terra ($LUNA)? The official Terra documentation has this to say about the […]

Why Some Cardano Fans Expect $ADA to ‘Run Like Crazy as Soon as Djed Goes Live’

Following FinTech startup COTI Group‘s announcement about the release of the public testnet version of Cardano-powered algorithmic stablecoin Djed, some Cardano fans (including a prominent $ADA whale) have started to explain why the mainnet launch of Djed could drive the $ADA price much higher. What Is Djed? On Sunday (September 26), day two of the two-day Cardano […]

Public Testnet for Cardano-Powered Decentralized Algorithmic Stablecoin Djed Goes Live

On Wednesday (May 4), FinTech startup COTI Group announced that the public testnet version of algorithmic stablecoin Djed (which is built on Cardano) is now available. What Is Djed? On Sunday (September 26), day two of the two-day Cardano Summit 2021, IO Global (IOG), the blockchain technology firm responsible for the development of Cardano ($ADA), and FinTech startup COTI Group, […]

Swiss National Bank Explains Why It Has Not Put Bitcoin on Its Balance Sheet So Far

Thomas Jordan, the Chairman of the Governing Board of the Swiss National Bank (SNB) talked about Bitcoin in Berne during the central bank’s 114th Ordinary General Meeting of Shareholders on Friday (April 29). The SNB, which has “two head offices one in Berne and one in Zurich, as well as a branch office in Singapore”, […]

Dr. Ryan Clements Warns of Systemic Risks of Terra ($LUNA) Ecosystem

On Wednesday (April 20), Dr. Ryan Clements, who is an assistant professor at University of Calgary’s Faculty of Law, explained why he remains wary of decentralized algorithmic stablecoin TerraUSD ($USDT) even though it is now partially collateralized by the “forex reserves” (denominated mostly in Bitcoin) of Luna Foundation Guard (LFG). What Is TerraUSD ($UST) Works […]

TRON Founder H.E. Justin Sun Announces the Launch of USDD — A Decentralized Stablecoin

H.E. Justin Sun, Founder of TRON, announced today in an open letter on Twitter that an all-new stablecoin is launching on the TRON blockchain, USDD (or Decentralized USD), marking its official entry into the field of decentralized stablecoin. TRON DAO will partner with other blockchain industry leaders to establish USDD. It will leverage the power […]

Terraform Labs CEO on Advantages of TerraUSD ($UST) Over Centralized Stablecoins

In a recent interview, Do Kwon, Co-founder and CEO of Terraform Labs — as well as a director at Luna Foundation Guard (LFG) — talked about the limitations of centralized fiat-backed stablecoins. Kwon’s comments were made during an interview with Kate Rooney, a technology reporter for CNBC. According to a report by The Daily Hodl, Kwon said: “I […]

$USDC: World’s Largest Asset Manager With $9.5 Trillion AUM Interested in USD Coin

NYC-based BlackRock Inc., which is the world’s top asset management firm with around $9.5 trillion in total assets under management (AUM) as of 30 September 2021 according to ADV Ratings, has invested in stablecoin issuer Circle Internet Financial Ltd. On 26 September 2018, Circle announced that 26 September 2018 announced that it was launching its “USD Coin” ($USDC for short), which […]

Tether CTO Addresses Stablecoin’s Fiat Backing As $USDT Launches on Kusama ($KSM)

On Wednesday (April 13), Paolo Ardoino, CTO at Tether (and Bitfinex), said the fiat-backed stablecoin issuer has been taking “enormous steps” to increase transparency and to “reduce dramatically” its exposure to commercial paper. Tether, which was launched in 2014, is the issuer of the dollar-pegged stablecoin with the same name. Tether tokens are supported on […]

$ADA: DEX WingRiders Launches, Bringing USDC and USDT Stablecoins to Cardano Mainnet

On Tuesday (April 12), WingRiders, the Cardano-powered dentralized exchange (DEX) that Charles Hoskinson, Co-Founder and CEO of IO Global (IOG) had been “really looking forward to” in the past few months, has launched on the Cardano mainnet. WingRiders is being developed by Slovakian FinTech startup Vacuumlabs, which is “a software development company that builds modern full stack fintech solutions […]

Lightning Labs Explains How Their Taro Protocol Will ‘Bitcoinize the Dollar’

Earlier this week, Ryan Gentry, Business Development Lead at Lightning Labs, announced “Taro, a new Taproot-powered protocol for issuing assets on the bitcoin blockchain that can be transferred over the Lightning Network for instant, high volume, low fee transactions.” Lightning Labs, which was founded in 2016 by Elizabeth Stark (CEO) and Olaoluwa Osuntokun (CTO), is […]

U.S. Treasury Secretary on ‘Digital Assets Policy, Innovation, and Regulation’

On Thursday (April 7), U.S. Treasury Secretary Dr. Janet Yellen gave a speech on “digital assets policy, innovation, and regulation” at American University’s Kogod School of Business Center for Innovation. Below are some key highlights from Yellen’s speech (based on the press release issued by the U.S. Department of the Treasury). Yellen started by reminding the attendees […]

U.S. SEC Chairman: ‘Most Crypto Tokens’ Are Securities

On Monday (April 4), Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), expressed his concerns about the crypto market during a keynote speech for the annual conference of Penn Law Capital Markets Association of the University of Pennsylvania Carey Law School. Gensler was nominated by President Joe Biden to Chair the […]

UK Government Issuing NFT as a Symbol of Its ‘Forward-Looking Approach’ to Regulating Crypto

On Monday (April 4), the UK government’s finance ministry announced “moves that will see stablecoins recognised as a valid form of payment as part of wider plans to make Britain a global hub for cryptoasset technology and investment.” Her Majesty’s Treasury (HM Treasury), also known as the Exchequer or the Treasury, is “the department of […]

Do Kwon: Terra Protocol Plans to be Largest Single Wallet Holder of Bitcoin

In a recent interview, Do Kwon, Co-founder and CEO of Terraform Labs — as well as a director at Luna Foundation Guard (LFG) — talked about the Terra protocol in general and $LUNA and $UST in particular. Kwon’s comments were made on episode 335 of journalist Laura Shin’s “Unchained” podcast. This article looks at a […]

$UST to Become First Internet Currency to Implement ‘Bitcoin Standard’, Says Terra ($LUNA) Co-Founder Do Kwon

The founder of Terra ($LUNA), Do Kwon, has recently said that the Terra Protocol’s leading decentralized stablecoin $UST is going to be the first internet-native currency implementing a Bitcoin standard as part of its monetary policy. Do Kwon’s words came as he spoke to Bloomberg about the Terra protocol’s monetary policy and the growth of […]

Terra Up 19%, Crypto Investor Says ‘$UST Is Liquid Hydrogen. $LUNA Is the Rocket’

On Wednesday (March 9), OKX CEO Jay Hao said that in the past 24 hours, $LUNA, which is the native staking and governance token of Terra protocol, had the second highest trading volume on his exchange. What Is Terra ($LUNA)? The official Terra documentation has this to say about the Terra Protocol: “The Terra protocol is the […]

Coin Bureau on Terra: ‘Bullish’ on $LUNA, ‘Really Really Taken With’ $UST

Recently, highly popular pseudonymous crypto analyst and influencer “Coin Bureau” explained why he is bullish on algorithmic stablecoin platform Terra ($LUNA). What Is Terra ($LUNA)? The official Terra documentation has this to say about the Terra Protocol: “The Terra protocol is the leading decentralized and open-source public blockchain protocol for algorithmic stablecoins. Using a combination of […]

Altcoins Gaining Ground on Bitcoin for Merchant Payments

A new report claims that while businesses are increasingly turning to Bitcoin for payments, $ETH, $DOGE, and fiat-backed stablecoins are gaining in popularity.  According to a report by Fortune, crypto payment processor BitPay is claiming that Bitcoin’s use by merchants dropped to 65% of all processed payments, down from 92% in 2020. Ethereum purchases accounted […]

New BIS Report Looks at DeFi’s “substantial financial vulnerabilities”

A recent report by the Bank for International Settlements (BIS) issues a warning regarding decentralized finance (DeFi), saying that it could cause harm to the existing financial system.  The BIS was established in 1930 and is based in Basel, Switzerland. Its aims are “to serve central banks in their pursuit of monetary and financial stability, to foster […]

Ripple: Western Pacific Nation’s Upcoming Digital Currency Could Be Powered by XRP Ledger

Recently, FinTech firm Ripple talked about its newly formed partnership with a small Western Pacific nation. In a blog posted published on Tuesday (November 23), Ripple announced “a new partnership with the Republic of Palau to explore the country’s first national digital currency and its use cases with the XRP Ledger (XRPL).” Here is some […]

Facebook’s ‘Novi’ Crypto Wallet Lets Users Move Money With Help of Stablecoin $USDP

Facebook has launched the pilot program for its Novi crypto wallet in Guatemala and most of the United States. Novi is a digital wallet from Facebook that allows its users to send and receive money instantly and without fees. Here is the Novi team explaining how this works: “Novi uses digital currencies that make sending […]

Shark Tank Star Kevin O’Leary Explains How the U.S. Will Regulate Stablecoins

Celebrity investor Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“) recently talked about how he thinks the U.S. will regulate stablecoins in the future. In an interview with Kitco News on October 6, O’Leary said he was open to crypto regulations and welcomed the input of government bodies to provide institutional investors with […]

Cardano ($ADA) Powered DeFi Hub Building Cardano-Elrond Bridge Infrastructure

Cardano-powered DeFi Ardana has announced a long-term partnership with high-throughput layer 1 blockchain Elrond ($EGLD), as the result of which Ardana “will build the bridge infrastructure required for asset transfer between Cardano and Elrond.” Ardana is “a decentralized stablecoin hub which will bring the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano”. […]

What SEC Chair Gary Gensler Is Saying About Crypto and How It Should Be Regulated

The U.S. Securities and Exchange Commission (“the SEC”) Chairman Gary Gensler has expressed his thoughts on the crypto space quite a few times since he was sworn into office on April 17. Gensler was nominated by President Joe Biden to Chair the U.S. SEC on February 3, confirmed by the U.S. Senate on April 14, […]

Djed: A Cardano-Powered Algorithmic Stablecoin

On Sunday (September 26), day two of the two-day Cardano Summit 2021, IO Global (IOG), the blockchain technology firm responsible for the development of Cardano ($ADA), and FinTech startup COTI Group, unveiled Djed, a new algorithmic stablecoin for Cardano that was developed by the former and is issued by the latter. Djed’s use of smart contracts ensures price […]

Chainalysis Research Analyzes Usage of Bitcoin, Ethereum, and Stablecoins

On Thursday (July 1), blockchain forensics startup Chainalysis published a research report that looked at the usage of Bitcoin (BTC), Ethereum (ETH), and stablecoins. For the Q1 2021 period, the Chainalysis research team used “blockchain analysis to track transaction patterns and analyze the characteristics of the biggest wallets holding different types of cryptocurrencies.” According to […]

Bank of England Governor: ‘Cryptoassets Such As Bitcoin’ Are ‘Not Money’

On Tuesday (June 15), Andrew Bailey, the governor of Bank of England (which is the central bank for the United Kingdom), talked about cryptoassets. His comments about crypto were made as a part of a speech (titled “Innovation to serve the public interest”) he gave yesterday at TheCityUK Annual Conference 2021. Bailey started by explaining […]

China’s Central Bank Regards Bitcoin as an ‘Investment Alternative’

Li Bo, deputy governor of the People’s Bank of China (usually abbreviated to “PBoC” or “PBC”) recently called Bitcoin ($BTC) an “investment alternative.” According to a report by The Block, when asked last Sunday — during a panel hosted by CNBC at the Boao Forum for Asia — if China intended to maintain its stance […]

Tether Is Planning to Launch New Version of USDT on Polkadot and Kusama

On Tuesday (April 6), Tether Operations Limited (“Tether”), the company that issues the largest stablecoin by market capitalization, announced that it is planning to launch Tether tokens (“USDt”) on the Polkadot network. Before USDt gets launched on Polkadot, it will go live on Kusama, which is currently serving as a canary/test network (or pre-production environment) […]

Visa Starts Settling USDC Stablecoin Payments on the Ethereum Blockchain: Report

Payments giant Visa has announced it is now settling payments in the USDC stablecoin on the Ethereum blockchain, becoming the first major payments network to use a stablecoin as a settlement currency. According to Business Insider, Visa piloted the USDC payment option via cryptocurrency exchange, which will now be able to manage its crypto […]

Crypto Analyst Names Four Altcoins He Is Really Bullish On

Last Sunday (January 24), popular New Zealand-based crypto analyst Lark Davis (@TheCryptoLark on Twitter) talked about four altcoins that he’s buying at the moment. In a video released on his YouTube channel on January, Davis told his 180K+ subscribers about four altcoins that he believes will do very well in the coming weeks/months. The first cryptoasset that Davis […]

JPMorgan Chase CEO on Blockchain Technology and the ‘Very Very Tough Competition’ Against FinTech Firms

On Friday (January 15), during the JPMorgan Chase Q4 2020 Earnings Call, CFO Jennifer Piepszak and Chairman and CEO Jamie Dimon talked about blockchain technology and the “very very tough competition” in the next 10 years against FinTech firms. During the Questions & Answers segment of the conference call, Charles Peabody, President of Portales Partners, […]

Visa Connecting Its Payment Network to Circle’s Ethereum-Powered USD Coin ($USDC)

According to a report by Forbes, the partnership between Visa and Circle Internet Financial (“Circle”), which developed dollar-backed stablecoin USDC Coin (USDC), means that from today Circle will help Visa card issuers to enable sending/receiving USDC payments. The Forbes report says that “businesses will eventually be able to send international USDC payments to any business […]

European Central Bank Floats Possibility of Decentralized Digital Euro

The European Central Bank (ECB) has asked the public to comment on the development of a digital euro, including the use of decentralization.  According to a series of tweets published by ECB President Christine Lagarde, the E.U.’s central bank is looking for feedback on a digital euro. Lagarde said the bank was exploring the possibility […]

Former PBoC Governor: Digital Yuan Will Fight ‘Dollarization’ of Chinese Economy

The former head of the People’s Bank of China said the digital yuan would combat “dollarization” of the country’s economy.

John McAfee Continues to Shill Cryptoassets From Behind Bars

John McAfee published an update from his cell in a Spanish prison, shilling the project $GHOST as a stablecoin that will revolutionize crypto stransactions.

JPMorgan’s ‘JPM Coin’ Is Ready for Commercial Use, Executive Says

The stablecoin launched by JPMorgan Chase, ‘JPM Coin’ is now reportedly ready for commercial use, according to the bank’s global head of wholesale payments. JPMorgan has also created a new blockchain unit called Onyx. Speaking to CNBC, Takis Georgakopoulos revealed that the JPM Coin is already being used by large technology clients to send payments […]

DAI’s Market Cap Closes in on $1 Billion Mark Thanks to Yield Farming Trend

The market capitalization of the cryptocurrency-backed stablecoin DAI is closing in on the $1 billion mark, thanks to the growth of the decentralized finance (DeFi) space and the yield farming trend within it. According to Messari, the supply of the DAI stablecoin grew by 623% in the third quarter of this year. The stablecoin started […]

Tether’s Market Cap to Rival Ethereum in 2021: Report

Bloomberg’s Crypto Outlook report predicts Tether rivaling ethereum’s market capitalization by the end of 2021, while saying the price of BTC could rise to $100K by 2025.

G7 to Oppose Libra Launch Until Properly Regulated

Financial leaders of the world’s seven biggest economies are set to reveal they will oppose the launch of Facebook’s Libra cryptocurrency project until it’s properly regulated, according to a draft G7 statement. The draft, Reuters reports, was prepared for a meeting of financial ministers and central bankers from the United States, Japan, Germany, France, Canada, […]

European Central Bank Tells EU to Prepare for Digital Euro

European Central Bank executive board member Fabio Panetta says the EU must begin preparing for the development of a digital Euro to compliment physical cash.

Binance Announces Decentralized Stablecoin Marketplace Venus

Cryptocurrency exchange Binance has announced the launch of new DeFi stablecoin platform Venus utilizing the Smart Chain network.

Everyone Will Use China’s Digital Currency, Says Bitcoin and Ether Startup Investor

Cryptocurrency pioneer Chandler Guo says “one day everyone in the world” will use China’s state-backed digital yuan.

Stablecoins Surpass $20 Billion in Market Cap as Demand Keeps Rising

The total value of stablecoins in the cryptocurrency space is now above $20 billion as demand for cryptocurrencies pegged 1:1 with national fiat currencies – mainly the U.S. dollar – keeps on growing. According to data from Coin Metrics, the total value of stablecoins surpassed $20 billion this Thursday, September 24, little over four months […]

Tether’s Market Cap Surpasses $15 Billion After Growing by $3 Billion in a Single Month

The total market capitalization of Tether’s USDT stablecoin has grown by $3 billion in a single month, to help the stablecoin further cement its position as the number three crypto by market cap, at $15 billion. Tether celebrated the milestone on Twitter by pointing out its growth over the last 30 days and its position […]

Bahamas Set to Launch Sand Dollar Digital Currency Next Month: Bloomberg

The Bahamas is set to launch the world’s first sovereign digital currency ahead of major world powers such as China.

CENTRE Consortium Unveils Major Update for ERC-20 Stablecoin USD Coin (USDC)

On Thursday (August 27), CENTRE Consortium, announced that USD Coin (USDC), “the fastest growing, fully reserved digital dollar stablecoin”, which currently has a market cap of over $1.4 billion, had received a major update. The CENTRE Consortium, which was co-founded by Coinbase and Circle in October 2018 as “a joint venture aimed at establishing a […]

Tether’s USDT Surpasses Bitcoin and PayPal’s Average Daily Transfer Value

Tether’s USDT stablecoin has seen its 7-day average daily transfer value surpass that of the flagship cryptocurrency bitcoin and PayPal, according to new research. A report published by CoinMetrics details that after “months of rapid growth” Tether’s 7-day average adjusted transfer value flipped bitcoin’s. The stablecoin’s average transfer value surpassed $3.5 billion on August 20, […]

Ripple Exec: XRP Does Not Compete With Stablecoins or CBDCs

Ripple Senior Director of Global Operations Emi Yoshikawa claims that XRP does not compete with stablecoins and central bank currencies and instead provides synergy through solving liquidity issues. Raises Interest Rate on Crypto Deposits To up To 12%

Cryptocurrency wallet provider, well-known for its bitcoin and bitcoin cash block explorer and related data tools, has raised the interest rate it pays on cryptocurrency deposits for its users. According to an announcement the firm published on Twitter, it is now paying users up to 12% in stablecoins deposits for PAX and USDT, up […]

Peter Brandt Criticizes Tether For Being ‘Another Fiat Currency’

Popular crypto trader and chart analyst Peter Brandt called Tether “another fiat currency” and said USDT’s influence over the market was an “accident waiting to happen.”

Coinbase to Start Paying DAI Holders 2% Interest a Year

San Francisco-based cryptocurrency exchange Coinbase has started rewarding users who hold MakerDAO’s DAI stablecoin in their accounts with a 2% yield per year, with the rate being subject to change.  According to an announcement the cryptocurrency exchange published, the program applies to customers in the U.S., U.K., France, Australia, Spain, and the Netherlands. Coinbase was […]

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