Month: May 2022

US congress research agency weighs in on UST crash, notes gaps in regulation

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The Congressional Research Service (CRS), a legislative agency that supports the United States Congress, has published a document that contains a rundown on algorithmic stablecoins and points out key factors to look at in the TerraUSD (UST) crash.  In the report, the CRS described the UST crash as a “run-like” scenario and posited that there are policy issues connected to the risk of such events. According to the CRS, a “run” situation starts when holders are doubtful of the reserves that back the dollar peg of the asset. Following this, a…

Bitcoin․com Exchange Market Insights Report for May 2022 – Promoted Bitcoin News

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This is the May 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more. Crypto Market Performance May got off to a rough start as the Federal Reserve confirmed a hawkish bias on the back of lingering inflation. Markets reacted by going risk-off. The collapse of LUNA and UST added fuel to the fire, with the result that crypto markets saw historically large drawdowns. BTC reached a low of $25.4k…

NEAR developers to get seamless Web3 app deployment with Pocket Network

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Pocket Network (POKT), a relay infrastructure middleware protocol, announced a service integration to improve the network bandwidth of NEAR blockchain while enabling faster deployment times for Web3 developers. According to Pocket Network, the latest integration with NEAR allows native developers to deploy their applications on other supported blockchains, including Ethereum, Solana, Fuse, Avalanche, Harmony and Polygon. In addition, by having integrations with multiple blockchains, NEAR developers can overcome concerns regarding single points of failure due to bottlenecks or other service disruptions. Pocket Network aims to accomplish 100% up-time for projects via…

Does the blockchain industry understand UX? – Ben Mincu

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Is depegging a real threat to financial stability?

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This week will be remembered as the one when the stablecoins showed an unexpected ability to depeg. Terra’s TerraUSD (UST) dropped to a shocking $0.29 following the general meltdown of both crypto and financial markets, but it was also the headliner of stablecoins’ niche, while Tether (USDT) lost the balance and slid to $0.96 for a short time.  The United States Treasury Secretary Janet Yellen felt it necessary to assure everyone that, given the stablecoins’ market size, depegging didn’t present a threat to America’s financial stability. At the same time,…

Solana TVL Sees Sharp Decline, Reaches 2022 Low

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When Solana’s price hit new lows near $54, the total value locked (TVL) for the token also declined to a historical low. According to data from Defi Llama, the token’s TVL has been on a steady decline since November 2021. In that month, it reached an all-time high of $15 billion but then lost momentum and went down to $4.34 billion.  Solana’s TVL continued to plummet in the third week of May due to bearish trends within this market that have seen declining interest from investors. Related Reading | Ripple…

Luna Foundation Guard Discloses Usage of Bitcoin Reserves – Bitcoin News

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The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The organization sold part of the bitcoins owned directly, while another part was traded on different dates to try and stabilize the value of UST. The reserve was comprised of more than 80,000 BTC. Luna Foundation Guard Clarifies Reserve Movements The Luna Foundation Guard (LFG), the organization tasked with safeguarding the…

ZASTO CE ETHEREUM EKSPLODIRATI U 2022 !?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ZASTO CE ETHEREUM EKSPLODIRATI U 2022 !? 👉 VAŽNO: Ja nisam finansijski savetnik tako da vas molim da ne ulažete novac na temelju mojih materijala već da sami za sebe donosite odluke nakon vašeg temeljitog istraživanja kripto tržišta i kretanja na istom. Uvek donosite odluke isključivo na temelju vaših vlastitih istraživanja. Hvala vam. kriptkovalute,kripto,kripto valute,kako kupiti kripto valutu,kako kupiti bitcoin,najbolje kriptovalute,kriptovalute za pocetnike,kriptovalute 2022,nove kriptovalute,kako zaraditi novac sa kriptovalutama,kriptovalute srbija,kriptovalute kako poceti,balkantech,balkantech crypto,koje kriptovalute kupiti,kako kupiti ethereum,kako kopati bitcoin,kopanje kriptovaluta,kako kopati kriptovalute,kako…