fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher
FTM price recovers from its May 12 low after the launch of the fUSD stablecoin and the possible return of Andre Cronje. Go to Source Powered by WPeMatico
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The ‘Lunatic’ Movement: A Look at Terra LUNA’s Inception and the People That Helped Do Kwon Rise
After the LUNA and UST meltdown, many crypto investors have been curious about the project’s rise in popularity and people wonder about the background of Terra’s co-founder Do Kwon. Moreover, it is not commonly known that Terraform Labs was also founded by Daniel Shin, the founder of a payment firm called CHAI. After Shin left … Read more
Do Kwon shares LUNA burn address but warns ‘LUNAtics’ against using it
Upon a persistent request from the Terra community, Kwon went against his initial plan and publicly shared a burn address for LUNA on May 21. Go to Source Powered by WPeMatico
Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA Cayman. Circle CEO Says Firm’s … Read more
Do you have the right to redeem your stablecoin?
Spoiler: No, stablecoin issuers do not guarantee the legal right for users to claim fiat currency back. Go to Source Powered by WPeMatico
UST aftermath: Is there any future for algorithmic stablecoins?
The quest continues for the perfect “stand in” for the U.S. dollar. But, UST’s crash suggests that algo stables may be “inherently fragile.” Go to Source Powered by WPeMatico
Cosmos price rebounds 45% in one week despite Terra’s debacle — what’s next for ATOM?
ATOM’s ascending triangle setup opens up the possibility for another major crash by June 2022. Go to Source Powered by WPeMatico
Algorithmic, fiat-backed or crypto-backed: What’s the best stablecoin type?
DAI has been around since 2017, which no algo stablecoins has ever matched, and it’s unlikely to share the fate of UST. Go to Source Powered by WPeMatico
Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash
A revelatory discovery of legal documents could provide greater context to the catalyst of the infamous LUNA and UST price crash Go to Source Powered by WPeMatico
Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more….
Yield generation app Stablegains is facing a lawsuit after losing around $44 million worth of user funds in the Terra collapse when it previously said it allocated funds “across a number of stablecoins”. Go to Source Powered by WPeMatico