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Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting
8.12.2022
WAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token
Japan recommends against algorithmic backing in stablecoins
7.12.2022
The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins
New Cardano algorithmic stablecoin evokes old fears for the community
2.12.2022
“I thought we already figured this out, algorithmic stablecoins, not the best option,” a community member wrote on Twitter
Blockchain Pilgrimage: Regulating Crypto ‘Should Be Combined With Education’ Says Top Wadzpay Executive
29.11.2022
The collapse of Do Kwon’s Terra empire in May, and Sam Bankman-Fried’s FTX in early November 2022, will be remembered as two incidents that put the crypto industry on the back foot. It is now widely expected that regulators around the world will use the two incidents to justify...
Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity
28.11.2022
It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former stablecoin is exchanging hands for $0.02 per unit, but a number of Terra Classic supporters believe...
Cardano Price Forecast as Cardano Prepares to Launch New Algorithmic Stablecoin in 2023
22.11.2022
The cryptocurrency market continues to wade through the murky red waters of a bearish trend – made worse by the collapse of FTX. Despite the negative market mood, ADA has so far held well against the rest of the market, down only 0.6% in the past 24 hours.
The Cardano ecosystem continues to grow...
Cardano to launch new algorithmic stablecoin in 2023
21.11.2022
'Djed' is set to go live in Jan. 2023, after a successful audit and a series of rigorous stress tests
Algorithmic Stock Platform Delphia Debuts Digital Asset Component
28.9.2022
Delphia raised $60 million this summer in a Series A funding round
Draft US stablecoin bill would ban new algo stablecoins for 2 years
21.9.2022
It’s reported the bills' definition will cover “endogenously collateralized stablecoins,” which depend on the value of an attached cryptocurrency from the same creator for it to maintain a stable price
TerraUSD, Terra LUNA Price Drop As Algorithmic Stablecoins Face Ban
21.9.2022
The USTC, LUNA and LUNC price are in the red today amid breaking news that a House stablecoin bill could see coins like TerraUSD banned for two years.
Bloomberg, who obtained a copy of the proposed stablecoin bill, reported:
Stablecoin legislation being drafted in the House would place a two-year...
Stablecoin USDN Trades Below $1 Parity for 14 Days in a Row, Token Taps $0.91 Low This Week
6.9.2022
Approximately 14 days ago, the stablecoin neutrino usd (USDN) tapped a high of $0.994 per unit, and ever since then, USDN has not been able to rise above the $0.97 per unit range. The dollar-pegged asset is associated with the Waves blockchain protocol, and recently the Neutrino Protocol decided...
Algorithmic Stablecoin USDN Falls From Dollar Peg as Liquidity Slumps
26.8.2022
Algorithmic stablecoin USDN, which is designed to mimic the value of the U.S. Dollar, has fallen to $0.91
Solana-based stablecoin NIRV drops 85% following $3.5M exploit
29.7.2022
The $3.5 million flash loan attack Solana-based Nirvana Finance saw the price of its stablecoin NIRV and native token ANA fall around 85% apiece
Pain ahead for algorithmic and non-cash backed stablecoins: IMF director
28.7.2022
IMF Director Tobias Adrian believes uncollateralized and algorithmically-stabilized stablecoins pose too great a threat to holders and may experience further sell-offs
Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity
13.6.2022
After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron’s founder Justin Sun spoke about traders shorting the digital...
What can other algorithmic stablecoins learn from Terra’s crash?
12.6.2022
The main problem that led to the fall of Terra was that the reserves appeared to be overcollateralized, but in reality, they weren’t
US SEC Investigating Do Kwon’s Terraform Labs and UST Collapse: Report
10.6.2022
The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Terraform Labs and the collapse of algorithmic stablecoin terrausd (UST). “SEC enforcement attorneys are investigating whether Terraform Labs broke securities and investment product rules.” SEC Launches...
Algorithmic Stock Advisor Delphia Raises $60M Ahead of Rewards Token Launch
8.6.2022
Investors will earn Delphia Data Tokens for sharing personal shopping and social media data with the advisor
Japan Adopts Legislation Establishing Legal Framework for Stablecoins
3.6.2022
The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd. Law on Stablecoins Approved in Japan in Aftermath of...
Korean Government Considers Imposing Unified Listing Standard on Crypto Exchanges After LUNA, UST Collapse
28.5.2022
The South Korean government is considering imposing tougher regulations, including a unified listing standard, on all cryptocurrency exchanges in the country following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). Korean Government’s Meeting With Cryptocurrency...