Do Kwon’s Taxing Questions; China’s Underground Mining
Terra’s Do Kwon answers back on office closures and tax payments. Tether (USDT) market cap has dropped by $10B since UST collapse. Sources say crypto miners have gone underground in China amid ban. Wine and liquor NFT platform looks to open up the industry. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Tron Founder Justin Sun on Stablecoins in Wake of Terra Collapse
Tron founder Justin Sun discusses his take on the Terra ecosystem in the wake of UST’s meltdown, the risks and benefits of algorithmic stablecoins, the impact of Tether’s USDT on the crypto markets and Tron’s stablecoin USDD. Plus, responding to financial crime allegations made by The Verge.
Tron Founder Justin Sun on Stablecoins in Wake of Terra Collapse
Tron founder Justin Sun discusses his take on the Terra ecosystem in the wake of UST's meltdown, the risks and benefits of algorithmic stablecoins, the impact of Tether's USDT on the crypto markets and Tron's stablecoin USDD. Plus, responding to financial crime allegations made by The Verge.
Key Takeaways From Tether’s Attestation Report
Tether reduced its commercial paper holdings by 17% in 2022 Q1, according to its latest attestation report. Its market cap also fell $7.4 billion amid the collapse of the Terra ecosystem. Jeff Howard, Business Development & Institutional Sales at OSL, breaks down the details of Tether’s latest attestation report.
US Agencies Warn of Attempts by North Koreans to Get IT Jobs
Three U.S. government agencies warned on Monday that some North Korean IT workers were trying to secure jobs while concealing their nationalities. CoinDesk’s Nikhilesh De discusses what we know so far and what this means for crypto.
«Стабільний лише за назвою»: емітенти стейблкойнів висловлюються як кратери UST
Проекти, забезпечені активами, хочуть, щоб регулятори знали, що не всі стейблкойни однакові.
Ripple Effects of UST Stablecoin Collapse
Stablecoin drama continues to ripple across the crypto markets. The tether (USDT) stablecoin, the world's largest stablecoin by market cap, dipped as low as 96 cents Thursday before bouncing back. Terra's UST stablecoin also tumbled to levels as low as 28 cents. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Tether Loses $1 Peg, Bitcoin Briefly Drops to 2020 Levels Near $24K Before Rebounding
The tether (USDT) stablecoin dropped to as low as 94 cents Thursday before recovering to just above 99 cents, briefly losing its parity with the U.S. dollar. Separately, bitcoin dropped to levels not previously seen since December 2020. "The Hash" panel discusses weakening sentiment around stablecoins and why this matters as the crypto markets continue to be under pressure.