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Avalanche buys back $53M in AVAX tokens from Terra’s LFG
7.11.2024
The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse.
Avalanche buys back $53M of AVAX tokens from Terra’s LFG
7.11.2024
The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse.
Why Stablecoins Fail: Lessons From the Past
29.9.2024
Stablecoins, the cryptocurrencies pegged to fiat currencies like the U.S. dollar to keep their value steady, can still face failures. Several well-known examples demonstrate that maintaining stability is more challenging than it appears. So, how does something designed to be ‘stable’...
Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC
30.5.2024
Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project’s now-defunct algorithmic...
New Stablecoin Bill Faces Criticism for Stifling Innovation and Breaching First Amendment
20.4.2024
A new bill co-sponsored by Senators Cynthia Lummis and Kirsten Gillibrand, aimed at regulating stablecoins, has drawn criticism for potentially stifling innovation and breaching First Amendment rights. The bill includes a provision that bans all “algorithmic payment stablecoins,” which...
Families Worth up to $100 Million Prefer Algorithmic Cryptocurrencies to Tokens — Study
31.3.2024
Families with a net worth of up to $100 million exhibit a strong preference for algorithmic cryptocurrencies over tokens (4.32% versus 0.92%), a new study has found. The study cites statistics indicating that ownership continuity is disrupted in 91% of cases involving a transition from crypto...
Bitcoin Bounces Back Above $43,000 After Strong US Retail Sales Data Prompts Brief Price Dip – Here’s Why BTC Could Soon Hit Fresh Yearly Highs
14.12.2023
Stronger-than-expected US November Retail Sales data released earlier on Thursday triggered a sudden near-$1,500 drop in the Bitcoin (BTC) price from just under $43,000 to around $41,500. Seemingly, the data, which showed an unexpected MoM leap in headline and core retail sales last month...
Blockchain Analysts Have Discovered a New Hidden AI Crypto Gem – How Does it Work?
11.12.2023
Launchpad XYZ, a new AI-powered crypto trading platform, seeks to demystify digital assets through algorithmic insights and educational resources. Image by Kerem Goktug Kaya, DALL-E 3. Finding the next big winner in the volatile cryptocurrency market can feel like searching for a diamond in...
Terra (LUNA) Re-enters Top 100 Crypto As InQubeta (QUBE) Smashes $5.6 Million Presale Mark
3.12.2023
Significant digital asset ranking shifts continually happen in the crypto market. According to CoinMarketCap, Terra (LUNA), an algorithmic stablecoin, has re-entered the top 100 cryptocurrencies by market capitalization after a recent spike in its price. This development coincides with...
Terraform and Do Kwon’s Attempt to Dismiss Class-action Lawsuit Fails: Report
1.12.2023
Source: YouTube/Coinage Defunct blockchain protocol Terraform Labs is currently fighting legal challenges in Singapore and appears to be facing setbacks. According to a local news outlet, the creators of the algorithmic stablecoin TerraUST and its founder, Do Kwon, have had their efforts...
Report: Jump Trading Cuts Ties With Wormhole Amid Staff Reductions
19.11.2023
Based on a recent report, Jump Trading Group, known for its focus on algorithmic and high-frequency trading techniques, has reportedly severed ties with the Wormhole crypto initiative, known for its cross-chain communication services. Last year saw Wormhole suffer a significant loss of 120,000...
Crypto Whales Are Secretly Stacking This Hidden AI Crypto Gem Before it Lists on Exchanges – What Do They Know?
15.11.2023
Launchpad XYZ is an AI crypto platform gaining traction before listing on major crypto exchanges. Image by Andreas, Adobe Stock. Crypto venture capitalists have set their sights on Launchpad XYZ and its goal of enabling anyone to tap into algorithmic trading through the platform’s custom...
What Are Stablecoins? A Simple Explanation of the Digital Asset Bridging Crypto and Fiat
10.9.2023
Stablecoins occupy a unique space within the realm of finance, straddling the worlds of traditional and cryptocurrency finance. These digital assets aim to achieve price stability by tethering their market value to external references such as fiat money. Stablecoins blend the characteristics...
Binance CEO CZ Explores Diversifying Stablecoin Strategy, Eyes Smaller Algorithmic Tokens
2.8.2023
During a Twitter "Ask Me Anything" (AMA) session on July 31, Binance CEO Changpeng "CZ" Zhao expressed his intention to introduce smaller algorithmic Stablecoins to the market for investors to have alternatives to the existing global Stablecoin giants.
In the session, CZ highlighted concerns...
$22M of Curve Finance algo stablecoin minted since mainnet launch
4.5.2023
Decentralized finance protocol CurveDAO has successfully launched its algorithmic stablecoin crvUSD on the Ethereum network
FTX Investor Temasek Bets $10 Million On New Scalable Algorithmic Currency – Here’s How It Works
2.5.2023
Temasek, a Singapore government-owned firm, is doubling down on its crypto investment strategy with a $10 million injection into Array, a new scalable algorithmic currency that utilizes artificial intelligence and smart contracts.
Despite suffering significant losses through its exposure to...
FTX investor Temasek pours $10M in algorithmic currency system Array
1.5.2023
The new algorithmic currency system aims to provide a more “stable, efficient, and scalable” asset than common coins like Bitcoin
Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%
28.4.2023
Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating on a plan to revive the ecosystem...
EU sets up research hub to analyze Big Tech's AI algorithms
19.4.2023
The research unit will be tasked with auditing the AI-backed algorithms used by large technology firms such as Google and Meta
9 examples of artificial intelligence in finance
6.4.2023
Discover how artificial intelligence is transforming the financial sector with nine examples of AI in finance