Adi Ben-Ari is the Founder and CEO of data security specialist Applied Blockchain. __________ The collapse of TerraUSD and Luna in May, and the associated tailspin in the crypto market, have prompted observers from both within the decentralized finance (DeFi) space and externally to ask the now very serious question – what does the future…
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Following the collapse of Terra and the subsequent crypto crash, stablecoin active addresses surged to a new all-time high. Meanwhile, bitcoin (BTC) and ethereum (ETH) active addresses have plunged drastically during this period. According to a recent report by crypto intelligence firm Coin Metrics, stablecoin active addresses hit a new all-time high in May 2022,…
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USDT is under attack from short sellers. Would they go away if only the company hired a Big Four accounting firm to audit its balance sheet? There is an old Arabic proverb: “The dogs bark, but the caravan moves on.” It could summarize the journey to date of Tether (USDT), the world’s largest stablecoin. Tether…
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Between June 13 and June 27, or roughly two weeks, Tron’s stablecoin USDD dropped lower than the $1 parity and slipped to a low of $0.928 per unit on June 19. During the past seven days, USDD has managed to jump back to the $0.98 to $0.99 region while reaching $1 on July 3. Tron’s…
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July is here, and both June and the first half of 2022 – which admittedly have been pretty miserable for the crypto market – are now finally behind us. As usual, we take a look at how the most popular coins in the market have performed for the past month, quarter, and half-year…. Read More:…
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Pure decentralized finance (DeFi) protocols have fared far better than the more centralized crypto lending and borrowing companies during this bear market. This proves that computer code and transparent standards give “a better outcome,” crypto essayist and former BitMEX CEO Arthur Hayes wrote…. Read More: Crypto Selloff Proves Computer Code Leads To ‘Better Outcome’ Than…
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In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail. Bankman-Fried’s FTX and Alameda Research have already helped Blockfi and Voyager Digital as the 30-year-old billionaire says sometimes you have to do “what it takes to sort of stabilize things…
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Galaxy Digital CEO Mike Novogratz has said that although he was “worried about the macro environment,” he was hoping bitcoin (BTC) “would stay in the USD 30,000 to USD 50,000 range.” At the same time, he argued that the model his once-favorite crypto Terra (LUNA) was built on was unsustainable. The comments came in…
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Hacktivist group Anonymous has vowed to look into the actions of Terra (LUNA) co-founder Do Kwon since he entered the crypto space in a bid to expose his alleged crimes. A video purportedly coming from the hacker group said that, “Anonymous is looking into Do Kwon’s entire history since he entered the crypto space…
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Stablecoins like USDT and USDC would be doing just fine if properly regulated, while Bitcoin is a “Ponzi scheme” in any case, China’s BSN chair told Cointelegraph. Amid the Chinese government continuing to celebrate the massive decline of cryptocurrency markets this year, one key local blockchain expert has referred to crypto as a “Ponzi scheme.”…
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