The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnam...
Tag: algorithmic
Cardano’s Charles Hoskinson On Why Algorithmic Stablecoins Are Key to Resolving Constant Depegs ⋆ ZyCrypto
Advertisement     Cardano network’s founder Charles Hoskinson has expressed support for algorithmic stablecoins in the long run, noting that they are necessary to real...
Cardano Founder Supports Algorithmic Stablecoin for BTC’s Vision
Cardano founder Charles Hoskinson believes that algorithmic stablecoins would help to achieve Satoshi Nakamoto’s vision for Bitcoin. According to him, banks will always let users down. Hoskinson was r...
Cardano Founder Says Algorithmic Stablecoins Are Essential for Bitcoin (BTC) to Achieve Its Vision
Tomiwabold Olajide This comes in wake of embattled Silvergate and Silicon Valley Bank (SVB) buzz Cardano founder Charles Hoskinson voices his faith in algorithmic stablecoins in the long term as being...
Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment
The Frax community recently approved a proposal to make its FEI stablecoin fully backed by USD equivalents, rather than maintaining a partially backed and semi algorithmic stablecoin. With Frax’s deci...
Frax Ditches Algorithmic Backing, Citing Terra Failure
The community governance for stablecoin issuer Frax has voted to increase the collateral ratio for its stablecoin to 100%, removing the small algorithmic component which contributed to its value. Frax...
Canadian Regulators Say No to Algorithmic Stablecoins
The Canadian Securities Administrators (CSA)—made up of securities regulators from each of the 10 provinces and 3 territories in Canada—have published a long list of new requirements for crypto compan...
Frax Finance to retire algorithmic backing amid stablecoin crackdown
The community of decentralized finance stablecoin protocol Frax Finance has voted to fully collateralize its native stablecoin Frax (FRAX), marking an end to the algorithmic backing of the protocol. T...
ADA-backed algorithmic stablecoin ‘Djed’ launched on Cardano
Since the fall of the TerraUSD (UST) algorithmic stablecoin in May 2022, many users in the crypto space have developed a weariness toward that particular asset class. The market for algorithmic stable...
Cardano’s New Algorithmic Stablecoin DJED
Since the crash of the TerraUSD (UST) algorithmic stablecoin in May 2022, many users in the crypto ecosystem have acquired a weariness against that specific asset class. The market for algorithmic sta...
Hong Kong will not tolerate algorithmic stablecoins in new regulation
In the key principles of its upcoming regulatory framework, the Hong Kong Monetary Authority (HKMA) didn’t find a place for algorithmic stablecoins. Instead, the chief financial regulator will demand ...
Cardano-Backed Algorithmic Stablecoin Djed Hits Mainnet
After much anticipation from the Cardano community, the network developers have finally launched the ecosystem’s overcollateralized stablecoin called ‘Djed.’ Per the announcement, the stablecoin launc...
Cardano’s Algorithmic Stablecoin, Djed, Is finally Live
The much anticipated algorithmic stablecoin on Cardano, Djed, has gone live. But the scammers didn’t miss this opportunity. The collapse of UST, the algorithmic stablecoin on the Terra ecosystem, drov...
Algorithmic Stablecoins and Bitcoin in the same category: Japan’s FSA
In the third leg of Japan’s legal reforms, algorithmic stable coins will be in the same category as Bitcoin. The issuer will now be licensed, deem them banks, trust companies, or fund transfer servic...
Vader to shut down USDV: Another Algorithmic Stablecoin fails.
USDV is native stablecoin of Vader. When Terra lost its peg, team Vader halted minting to cope. After many attempts to save, the team failed. The horrible year for cryptocurrency is ending; this year...
Vader Protocol Announces Closure of Algorithmic Stablecoin USDV
Altcoin News The Vader team suspended the app’s minting functionality in May. The burn feature has been temporarily disabled. There will be no further releases of the app that generates the stablecoin...
Algorithmic stabilization is the key to effective crypto-finance
After the collapse of Terraform Labs’ cryptocurrency, Terra (LUNA), and its stablecoin, Terra (UST), the notion of “algorithmic stabilization” has fallen to a low point in popularity, both in the cryp...
Cardano (ADA) to Launch Djed, Here’s What You Should Know About Algorithmic Stablecoin
Contents Could Djed collapse like Terra’s stablecoin? How may Djed impact Cardano’s price? One of the biggest expectations for Cardano (ADA) investors is the arrival of stablecoins on the ...
Cardano-Based Algorithmic Stablecoin “Pretty Close,” COTI Founder Says
Alex Dovbnya COTI Network head Shahaf Bar-Geffen says that he is “really excited” about launch of upcoming product During a recent podcast appearance, Shahaf Bar-Geffen, chief technology o...
Japan FSA To Categorize Algorithmic Stablecoins Similar to Bitcoin
Japan’s financial regulator, the Financial Services Authority (FSA), plans to categorize algorithmic stablecoins in the same bracket as Bitcoin. Stablecoin issuers will also need licenses that deem it...
Japanese regulators recommend against algorithmic stablecoins in late response to UST
Japanese regulators advise against the adoption of algorithmic stablecoins in what appears to be a late response to the fall of TerraUSD (UST). Japanese financial regulator Financial Service Agency (F...
Japan recommends against algorithmic backing in stablecoins
After passing its landmark legislation on stablecoins in June, Japanese regulators are considering complementing it by restricting the algorithmic backing of stablecoins. The intention comes as a reco...
Cardano’s Hoskinson Praises Algorithmic Stablecoins, Touts Them As The Gold Standard Of The Digital Age ⋆ ZyCrypto
Advertisement     Charles Hoskinson believes that algorithmic stablecoins are the way to go and that they have the ability to undermine the monopoly of government-issu...
New Cardano algorithmic stablecoin evokes old fears for the community
With the new announcement that Cardano is on its way to release an algorithmic stablecoin in 2023, various community members expressed concerns, comparing the project to TerraUSD (UST), which caused g...
Cronos-Based Algorithmic Lending Protocol Rug Pulls $600K From Users
CroLend, presenting itself as an algorithmic, autonomous lending protocol built on top of the Cronos network, has deleted all social media pages, the website doesn’t work, and its TVL has been drained...
Cardano to Launch Djed, a New Algorithmic Stablecoin In 2023
Join Our Telegram channel to stay up to date on breaking news coverage Proof-of-stake blockchain platform Cardano is teaming up with COTI which is a DAG-based Layer 1 protocol to create what it calls ...
Cardano to launch new algorithmic stablecoin in 2023
Proof-of-stake blockchain platform, Cardano, has partnered with COTI, a DAG-based Layer 1 protocol, to launch what it refers to as an over-collateralized algorithmic stablecoin. The project said in an...
Cardano’s Algorithmic Stablecoin DJED to Launch in January 2023
Shahaf Bar-Geffen – CEO of COTI, a stablecoin development company – revealed the launch date for Cardano’s new algorithmic stablecoin at Cardano Summit on Monday. After a successful audit, the over-c...
US SEC Seeks to Stop American CryptoFed from Registering Algorithmic Stablecoin and Stabilizing Asset
The American CryptoFed DAO is said to have failed to thoroughly inform the SEC about its business, management, and financial condition. The United States Securities and Exchange Commission (SEC) has a...
Yield farming alternative Haru Invest leverages market inefficiencies through algorithmic trading – SlateCast #32
Haru Invest offers an alternative to yield farming by providing a custodial solution to leverage market inefficiencies through algorithmic high-frequency trading. Such trading strategies are often res...
Justin Sun’s Algorithmic Stablecoin USDD Depegs
Tron founder Justin Sun looks to work on a “wholistic solution” to save FTX from the liquidity crunch. Meanwhile, on-chain data suggested algorithmic stablecoin USDD has started to depeg suddenly and ...