11 seconds ago | 2 mins read Altcoin News A whale executed a 4.49 million USDD to 4.46 million USDT exchange. The USD dropped to $0.975 on November 9 when another “whale” traded 6.65M USDD. Justin Sun...
Tag: algorithmic
NEAR Foundation Launches “Depeg” Protection for Algorithmic Stablecoin USN
The NEAR Foundation has set aside $40 million for a USN Protection Programme grant. This funding is intended to shield users from a recent issue relating to the USN stablecoin. This is to guarantee th...
NEAR Nixes Algorithmic Stablecoin USN
USN became “susceptible to undercollateralization during extreme market conditions,” NEAR said The situation will make it hard for projects to maintain long-term interest in their algorithmic stableco...
The Algorithmic Cryptocurrency Market-Making & Trading Firm
Auros is an algorithmic cryptocurrency market-making and trading firm that opens across all major venues and with popular instruments. As one of the largest participants in cryptocurrency markets, the...
Algorithmic Stablecoins Are Not ‘Stable’ Coins: Sam Bankman-Fried
Sam Bankman-Fried, the founder and CEO of leading crypto derivatives exchange FTX, recently opined in an interview that Terra’s cataclysmic collapse is evidence that algorithmic stablecoins are not tr...
Algorithmic Stock Platform Delphia Debuts Digital Asset Component
“Integrating the Ecosystem into the Delphia asset management platform will enable us to further incentivize people to share their data and increase the overall value of the data for those investing wi...
US regulators might ban TerraUSD and other algorithmic stablecoins for up to two years
Join Our Telegram channel to stay up to date on breaking news coverage The interest in cryptocurrencies has been growing in the US for years, and it certainly skyrocketed during 2020 and 2021, when th...
Two-Year Ban on Algorithmic Stablecoins?
Two-Year Ban on Algorithmic Stablecoins?Stablecoin Bill seeks Fed and State Regulatory ApprovalSeptember 22, 2022The House Financial Services Committee to vote next week on a bill regulating stablecoi...
“Finalized” EU MiCA Crypto Regulation Seeks To Police NFTs And Algorithmic Stablecoins ⋆ ZyCrypto
Advertisement     A finalized text of the Markets in Crypto Assets (MiCA) legislation now seeks to bring Non Fungible Tokens (NFTs) and algorithmic stablecoins under i...
Algorithmic Market Maker Wintermute Hacked for $160M
Algorithmic market maker service Wintermute suffered a security breach on Tuesday, with hackers making off with around $160 million across 90 assets within the platform’s portfolio. In a brief s...
House Stablecoin Bill to Seek Two-year Ban on Issuing New Algorithmic Stablecoins
Bloomberg reported Wednesday that legislation to regulate stablecoins being drafted in the U.S. House of Representatives would impose a two-year ban on new algorithmic stablecoins similar to TerraUSD ...
US Draft Bill Plans to Ban Algorithmic Stablecoins for 2 Years
The draft stablecoin bill in Congress requires The Federal Reserve System and state banking regulators to approve any stablecoin plans by non-bank entities before they can be legally issued. Issuers o...
CoinShares to Launch Algorithmic Trading Platform for Retail Traders
CoinShares is planning to launch an algorithmic trading platform for retail traders. The European-based digital asset manager’s new platform HAL will provide retail traders access to a range of ...
Algorithmic Stablecoins Like TerraUSD to Face Two-Year Ban in the U.S.
Next week, the House Financial Services committee will vote on legislation to regulate stablecoins. As per details, the draft bill proposes a complete two-year ban on algorithmic stablecoins like the ...
Justin Sun claims algorithmic stablecoin USDD is safer, more secure than Terra’s UST
Justin Sun believes Tron-native stablecoin USDD is inherently safer and more secure than Terra’s UST. On May 9, UST lost its dollar peg setting off a collapse in its pegging asset, Terra LUNA. This tr...
Algorithmic Stablecoin Beanstalk Is Wild Again On Its First Anniversary Months After $182M Exploit
Stablecoins didn’t have quite a good year so far. The dramatic collapse of Terra, a popular stablecoin, triggered a destructive crypto crash. Flagship currencies, Bitcoin and Ethereum, suffered great ...
Beanstalk Algorithmic Stablecoin Relaunches Four Months After $180 Million Hack – crypto.news
After a four-month hiatus, the Ethereum-based algorithmic stablecoin Beanstalk has relaunched its protocol. The protocol had been paused since April 17, when it suffered a massive governance breach an...
Solana-based Algorithmic Stablecoin, Nirvana, Loses USD Peg, Sheds 90% – crypto.news
Nirvana, the Solana-based stablecoin, is reported to have suffered a flash loan attack, leading to a loss of close to $3.5 million. According to the on-chain blockchain analytics firm, PeckShieldAlert...
Algorithmic stablecoin collapse may crash crypto markets again, says IMF
The Director of Monetary and Capital Markets for the International Monetary Fund (IMF) has warned of further stablecoin failures. In particular, Director Tobias Adrian highlighted the risks of so-call...
Pain ahead for algorithmic and non-cash backed stablecoins
USDT Price at the time of writing – $1.00 USDD additionally fell to as little as $0.91 in June It regained its value peg after $700 million of USDC was added The International Monetary Fund (IMF...
Solana-based Algorithmic Stablecoin Nirvana Exploited of $3.49M
10 hours ago | 2 mins read Altcoin News There are two tokens in the Nirvana system: NIRV, a stablecoin, and ANA. Almost 82 percent of NIRV’s value has been lost. Nirvana, a Solana-based algorithmic st...
Pain ahead for algorithmic and non-cash backed stablecoins — IMF director
The International Monetary Fund’s (IMF) director of capital markets believes there could be further failures of “coin offerings,” including algorithmic stablecoins amid the ongoing crypto winter. In t...
More Trouble For Algorithmic Stablecoin – IMF Director – Coinpedia – Fintech & Cryptocurreny News Media
The director of monetary and capital markets of the International Monetary Fund (IMF), Tobias Adrian, believes that uncollateralized and algorithmically-stablecoins might experience further sell-offs ...
Binance CEO says not all algorithmic stablecoins will collapse like TerraUSD (UST)
The Terra algorithmic stablecoin TerraUSD (UST) collapsed in May, causing billions of dollars worth of losses for investors. The collapse lowered investor confidence in algorithmic stablecoins, but th...
Not All Algorithmic Stablecoins Will Be Terra: Binance CEO CZ
Despite the billions of dollars lost when the Terra blockchain’s UST stablecoin de-pegged, Binance CEO Changpeng Zhao believes algorithmic stablecoins still have a place in the crypto world. The boss ...
Algorithmic Stablecoins Are Riskier Than Fiat Based Says Binance CEO Changpeng Zhao
A lot of regulators, like the U.S. Fed and the Bank of England, are discussing how stablecoins should be better supervised at the moment. This is due to the fact that they serve as the foundation of t...
Cathie Wood Does Not Understand Algorithmic Stablecoins
The recent crypto slump may have left many investors shaken in fear, as bad news like major crypto firms falling prey to liquidity crisis and exchanges drastically cutting headcounts continue occupyin...
Cathie Wood’s Take On Future Of Algorithmic Stablecoins
Cathie Wood, CEO of Ark Invest, said there is no stopping the crypto revolution despite the ongoing downturn in the space. She said the revolution around crypto is underway and it will not be stopped....
AI Ethics Confronting The Insidious One-Like-Mind Of AI Algorithmic Monoculture, Including For Autonomous Self-Driving Cars
AI algorithmic monoculture is rising due to AI pervasiveness and like-minded decision-making … [+] algorithms. getty Let’s take a look at a bit of a puzzling conundrum. It is said that great min...
What can other algorithmic stablecoins learn from Terra’s crash?
The spectacular implosion of the Terra ecosystem in mid-May left the crypto industry scarred. Though there were some brave critics who understood just how thin the razor’s edge was for TerraUSD (UST) ...
Algorithmic Stock Adviser Delphia Raises $60M
Investors will earn Delphia Data tokens for sharing personal shopping and social media data The funding will be used to expand headcount They also aim to launch the native Delphia Data rewards token ...
NYDIG Paper Claims Algorithmic Stablecoins Are Impossible And DeFi Too Risky
In “On Impossible Things Before Breakfast,” NYDIG uses the Terra/ LUNA collapse as a case study. The paper aims to prove that the algorithmic stablecoin concept is flawed in nature. It also takes aim ...