Magic Internet Money
depegs, as fallout from the LUNA debacle widens. About a two minute read. Comment: Algorithmic Stable Coins are having a…
depegs, as fallout from the LUNA debacle widens. About a two minute read. Comment: Algorithmic Stable Coins are having a…
after losing $44M on UST (aka, Terra); class action lawsuit progressing, the company is withholding investors funds until they agree…
as revealed by Prince Charles in The Queen’s Speech. About a two minute read. Comment: yes, pretty bold given the…
broke it’s dollar peg overnight, in a dramatic fall that took USD losses to almost 50%. About a one minute…
with total losses approaching $182M ($33M of Wrapped Ethereum directly seized by the attacker, the rest due to a collapse…
A consortium in fact, according to Finextra. About a one minute read. Comment: hardly a surprise in the absence of…
Designed to hold a stablecoin, Paxos. About a two minute read. Comment: gee this is a real climbdown, their own…
if The Biden Administration get their way, as Time explains in a very well written and detailed article. About a…
solely to facilitate trading of other cryptocurrencies. About a two minute read. Comment: interesting story, but read between the lines…
that can’t be found, according to Bloomberg. Auditors are no help either. About a eight minute read. Comment: ok, Stablecoins…
According to a press release from The US Treasury, who note the Presidents Working Group on Financial Markets (PWG) will…
as its price drops from $60 to $0.000007677 in a couple of hours, whacking Mark Cuban. About a one minute…
The Office of the Comptroller of the Currency (OCC) has just published guidance allowing a US commercial bank to use…
Yesterday The G7 definitively agreed in a draft statement Facebook’s proposed Libra can’t be deployed until it is properly regulated….
and digital assets, specifically in the area of payments. As in making payments 24x7x365 driven by stable coins. Cryptocurrencies were…