2022-5-11 11:26 |
Glassnode analyst says change in exchange balance is due to LFG using bitcoin reserves to defend stablecoin peg.
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Luna Foundation Guard’s billions of dollars in bitcoin without an actual infrastructure ready to deploy left Terra’s stablecoin UST vulnerable to a ‘Soros-style attack’, an analyst said.
2022-5-11 02:25 | |
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By tapping into its bitcoin reserves, UST’s salvation may have exacerbated a bitcoin sell-off that brought BTC to its lowest price since July 2021.
2022-5-10 05:58 | |
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As the Terra stablecoin becomes depegged from the U.S. dollar, the biggest buyer of bitcoin in recent months could become its biggest forced seller.
2022-5-10 02:40 | |
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Luna Foundation Guard (LFG) said on May 9 that it will lend out $1. 5 billion worth of Bitcoin (BTC) and UST to defend the algorithmic stablecoin’s peg to the United States dollar. The post Terra’s LFG to lend OTC traders $1.
2022-5-10 00:30 | |
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The Bitcoin price plunged below $31,000 on Monday, marking a new low for the year. Altcoins also sold off sharply.
2022-5-10 23:46 | |
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The development comes after the Luna Foundation Guard announced that its massive bitcoin reserves will be used to defend the UST’s dollar peg.
2022-5-10 19:51 | |
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The development comes after the Luna Foundation Guard announced that its massive bitcoin reserves will be used to defend the UST’s dollar peg.
2022-5-9 19:51 | |
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The Luna Foundation Guard said Monday that it plans to lend $750 million in Bitcoin and 750 million UST to over-the-counter trading firms to help protect the UST peg after...
2022-5-9 14:15 | |
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UST briefly lost its dollar peg on Saturday, leading to questions around whether Terra’s Bitcoin reserves will soon face their first test
2022-5-9 21:01 | |
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Developers of the fast-growing stablecoin UST say the coin's $1 value peg isn't "backed" by anything – just a blockchain-based algorithm. So why does it need a multibillion-dollar bitcoin reserve, in case of an emergency? How would that work?
2022-4-22 18:36 | |
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The ever hilarious meme-loving Tesla Technoking, Elon Musk, took to Twitter yesterday to peg his predicted BTC all-time high to a higher figure with a raunchy undertone. Elon is rooting for $69,000, not $70,000 or $100,000 and everyone can see why.
2021-10-23 16:26 | |
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50 years ago yesterday, on August 15, 1971, United States President Richard Nixon changed the world with a monetary policy that also led to the creation of Bitcoin. It seems like a stretch, but it all began with the depegging of the dollar from the gold standard. Losing its peg to gold has led the […]
2021-8-17 03:00 | |
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Bitcoin fell nearly 54% during the latest deep rut, Ether 60. 6%, and altcoin as much as more than 90%. Amidst this, Terra (LUNA) lost 81. 3% of its value from the all-time high of $22. 36 in March.
2021-5-24 17:31 | |
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BTC/USD dropped to lows of $9,850 before bulls vigorously defended the important $10,000 peg... The post CME Futures gap remains unfilled as Bitcoin holds $10k appeared first on Coin Journal.
2020-9-9 16:51 | |
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During the second week of February, a new project called tBTC was unveiled that is similar to the Wrapped Bitcoin (WBTC) created with the Ethereum network. However, the tBTC effort claims to be a noncustodial application that allows users to deposit BTC, mint tBTC, and lend it with interest.
2020-2-20 22:50 | |
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Non-custodial cryptocurrency exchange aggregator CoinSwitch, announced today it has listed RBTC, the 1:1 bitcoin peg from RSK, the first general-purpose smart contract platform secured by the Bitcoin network.
2019-12-11 17:48 | |
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Bitcoin has had a pretty rough seven days. While it started last week trading around the $7,000 price peg, reports of interest in cryptocurrencies from China, as well as several endorsements of the blockchain space from the government, drove the market into a frenzy.
2019-10-31 10:54 | |
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Maker Protocol’s stability fee is voted into existence with MakerDAO’s governance mechanism. The stability fee is what helps keep DAI’s peg afloat, and the confirmation of a reduction to 5.
2019-10-29 01:30 | |
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Stephen Moore, Trump’s initial nominee for the post of Federal Reserve Chairman and close campaign advisor, has announced his latest venture – Frax – that runs a U. S. dollar stablecoin.
2019-10-22 13:37 | |
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Ethereum bears have consistently called DAI an unreliable stablecoin, as the peg is dependent on supply and demand stemming from Collateralized Debt Positions (CDPs) on MakerDAO. Similarly, those leveraging DAI to stack 10-14 percent of interest a year might be worried about the DAI peg collapsing.
2019-9-11 21:00 | |
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Control of the U. S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down a peg.
2019-7-17 01:30 | |
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Bitcoin proponents predict that China’s decision to create its own digital currency will ironically drive massive BTC adoption. China: Libra Dollar Peg Would Harm Sovereignty As various media outlets including South China Morning Post (SCMP) reported July 8, China’s central bank said it was already in the process of building the digital token.
2019-7-9 17:00 | |
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Can Bitcoin pull its weight? For years that has been the question dominating the fray within the cryptocurrency space, especially during its nascent phase. As the months went on, several altcoins began entering the space, with many reframing the question to, can Bitcoin pull the market? The tussle between the Altcoin season and the Bitcoin […] The post Bitcoin: Institutional Investors peg king coin’s dominance to sustain through 2019 appeared first on AMBCrypto.
2019-6-23 11:00 | |
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Crypto Twitter is running wild after users spotted Binance testing a stablecoin on, June 3, 2019. While the USD backs most stablecoins, Binance chose to peg its stablecoin to the GBP. Binance has developed a reputation as one of the more trustworthy exchanges, making their stablecoin launch all the more exciting.
2019-6-3 15:59 | |
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Huobi, an international cryptocurrency exchange, has announced a partnership with Reserve Protocol on Huobi Prime, as officially announced, May 13, 2019. Reserve is launching a USD backed stablecoin with an innovative mechanism to peg it’s token to fiat.
2019-5-14 20:00 | |
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Blockstream has announced Liquid Bitcoin (LBTC) is now available for deposits and withdrawals on Bitfinex as well as for conversion to BTC at a 1:1 peg. “Issuing bitcoin, stablecoins, and...
2019-5-9 17:44 | |
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“Stablecoins” emerged as in 2014 in the form of Tether [USDT], a token launched on the Bitcoin blockchain backed by alleged reserves of US dollars. USDT “peg” tokens to fiat dollars. The concept was simple: Tether Limited would safeguard funds spent to buy USDT.
2019-5-8 13:00 | |
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Bitcoin (BTC) in an uptrend but down 4. 3 percent Tether’s reserve low and the peg isn’t 1:1 against the USD It is now emerging that USDT’s reserves don’t tally with what’s in circulation. That means Tether Limited is lying and investors may flock to safety driving Bitcoin prices up.
2019-5-1 20:00 | |
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A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against BitcoinBitcoin’s core value proposition is that it is an uncontrolled, apolitical money.
2019-4-30 20:16 | |
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On April 17, the founder of the Drivechain project, Paul Sztorc, published a new blog post concerning the validity of today’s so-called ‘production sidechains.’ Sztorc has declared on multiple occasions that true sidechain technology hasn’t been invented yet and even Blockstream’s Liquid protocol, dubbed “the first production sidechain,” in a critical sense is not a […] The post Without a True Two-Way Peg No ‘Real’ Sidechain Exists, Says Drivechain Creator appeared first on Bitcoin News.
2019-4-20 21:15 | |
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For more than two weeks the dai stablecoin has sat below its $1 peg, and has been trading for roughly $0. 97 over the last seven days. This has given concern to the Maker Dao community which has decided to raise the dai stability fee to 11.
2019-4-13 20:45 | |
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Tether is one of the most controversial digital currency that has been used widely in speculation. As Bitcoin went through its rally last week that saw BTC rising 23 percent, there has been a huge increase in the trading volume of USDT during last week.
2019-4-9 18:23 | |
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As Bitcoin price surged over 27 percent in the past week, traders in China are paying a markup for Tether stablecoins, which offer an easy way to buy cryptocurrencies. Tether Offers China The Easiest Way to Buy Bitcoin Cryptocurrency traders in China are starting to wake up.
2019-4-8 11:30 | |
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Veteran exchange Huobi announced today that it would be listing three pairs for Dogecoin: DOGE/BTC, DOGE/ETH, and DOGE/USDT. When Moon? Dogecoin recently experienced a significant pump but has corrected on its BTC peg in the interim.
2019-4-5 03:13 | |
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Popular stablecoin Tether has updated its Terms of Service (TOS) on February 26th, once again raising questions over its dollar peg. No One Does it Better Than Tether Tether has regularly come under suspicion over its claims that it’s 1-to-1 backed by the US Dollar and that it has been used to manipulate Bitcoin prices.
2019-3-16 22:00 | |
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By design, Tether (USDT) is a refuge for crypto traders seeking security in exchanges supporting the stable coin. Expected to have a 1:1 fiat—crypto peg, the recent change in wording is a cause of doubt and may trigger a run, a sell off as capital flow to Bitcoin.
2019-3-14 16:20 | |
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It happened: Bitcoin is now an Ethereum token. Wrapped Bitcoin (WBTC), an ERC-20 token with a 1-1 peg to bitcoin, went live on the Ethereum network on the final day of January, “the first token that makes Bitcoin compatible with the Ethereum chain,” its architects say.
2019-2-2 00:04 | |
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The ongoing drama surrounding the opaque operations of Tether throughout 2018 has driven the proliferation of similar pegged currencies, leading to USDT’s dominance over the stablecoin markets waning.
2018-12-8 00:30 | |
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RSK (RBTC) is the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the Bitcoin miners via merge-mining, allowing them to actively participate in the Smart Contract revolution.
2018-11-26 10:13 | |
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Bitcoin payment platform BitPay is now going to allow payments with the Paxos Standard token (PAX), which it calls “the fastest growing stablecoin and the highest trading volume of any U.
2018-11-22 00:25 | |
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Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world. The Lightning Network is getting so big that its capacity has recently surpassed the $1.
2018-11-19 18:39 | |
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This article about the problem with stablecoins was written by Kevin Murcko, the CEO at cryptocurrency exchange, CoinMetro, and forex broker, FXPIG. Stablecoins — digital coins which peg their value rigidly to the dollar, the euro, or a collage of national currencies — are all the rage right now.
2018-11-16 06:05 | |
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“Go for the Jugular” is the advice George Soros gave to his team during his famous attack on the British pound for a profit of $1 billion on so-called Black Wednesday in 1992.
2018-11-15 18:50 | |
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RSK (RBTC) is the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the Bitcoin miners via merge-mining, allowing them to actively participate in the Smart Contract revolution.
2018-11-12 16:09 | |
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The overall crypto market cap has declined ~1. 9% over the past 5 days from ~$209b to ~$205b. After being hammered in the past week the S&P500 has rebounded ~3% and Bitcoin’s correlation with the S&P continued its October downtrend, declining on the week to a semi-weak correlation of .
2018-11-2 14:00 | |
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The overall crypto market cap has declined ~1. 9% over the past 5 days from ~$209b to ~$205b. After being hammered in the past week the S&P 500 has rebounded ~3% and Bitcoin’s correlation with the S&P continued its October downtrend, declining on the week to a semi-weak correlation of .
2018-11-2 14:00 | |
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Tether Limited is back in the news; this time, it has confirmed a banking relationship with a financial institution based out of the Bahamas. The issuer of the controversial USD-pegged stablecoin tether (USDT) announced its partnership with Bahamas-based Deltec Bank & Trust Limited.
2018-11-2 00:27 | |
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Bitcoin is going ethereum after a number of projects teamed up to turn the oldest decentralized crypto into an ERC20 eth token. “This effort will be both led and governed... The post Bitcoin Turned Into an Ethereum Token Through a Stablecoin Like Peg appeared first on Trustnodes.
2018-10-27 14:34 | |
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A new ethereum token is being created and it holds a one-to-one peg with bitcoin.
2018-10-27 18:00 | |
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Ripple donates $5M in XRP to Trump’s inauguration fund, alongside major crypto firms, signaling growing political influence of the industry. The post Ripple to Donate $5 Million in XRP to Trump’s Inauguration in January appeared first on BeInCrypto.
Hyperliquid's HYPE token hits $10B market cap, surging 20% to $30 and setting a new record as the most valuable airdropped token. The post Hyperliquid’s HYPE token surges past $10 billion market cap appeared first on Crypto Briefing.
The historic outflows from US Bitcoin ETFs highlight growing investor uncertainty and could signal increased volatility in crypto markets. The post US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets appeared first on Crypto Briefing.
The crypto market's volatility highlights the risks of leveraged trading and the broader economic impact of central bank policies. The post Crypto crash triggers $1 billion in leveraged liquidations over past 24 hours appeared first on Crypto Briefing.
The BoE's decision to hold rates amid rising inflation may signal prolonged economic caution, impacting consumer spending and market stability. The post Bank of England leaves rates unchanged amid rising inflation appeared first on Crypto Briefing.
Market volatility highlights the sensitivity of cryptocurrencies to monetary policy shifts, impacting investor confidence and asset stability. The post Bitcoin sinks below $100,000, altcoins tumble following Fed’s hawkish signals appeared first on Crypto Briefing.
The BoJ's cautious stance amid global uncertainties may delay economic adjustments, impacting Japan's inflation control and growth strategies. The post Bank of Japan keeps interest rates unchanged for third straight meeting appeared first on Crypto Briefing.