0.3% fall in assets “could render Tether technically insolvent” — WSJ
Wall Street Journal’s Jean Eaglesham and Vicky Ge Huang suggested that such a “thin cushion of equity” could cause mayhem in the market if Tether’s liabilities were to outweigh its assets. An article in the Wall Street Journal (WSJ) has …
Nifty News: Taco Bell wants you hitched in the Metaverse, Animoca Japan raises $45M and more
X2Y2 has introduced optional royalties to their platform to mixed reaction, while Yumon has launched an NFT trading card game that turns Youtubers into fantasy hero characters. American fast-food chain Taco Bell and Metaverse platform Decentraland are teaming up to …
18 ‘uncomfortable’ truths about nonfungible tokens
NFT analyst OKhotshot warns there are no reliable stable investments in the NFT space and most investors will lose money investing in the market. Nonfungible token (NFT) analyst and blockchain detective “OKHotshot” has highlighted his picks for 18 of the …
Ava Labs CEO denies CryptoLeaks’ claims as ‘conspiracy theory nonsense’
The CEO’s comments come after a CryptoLeaks blog post alleged that Ava Labs had a “secret pact” with a U.S. law firm to sue competitors in exchange for AVAX tokens and equity. Ava Labs CEO Emin Gün Sirer has dismissed …
Low cap crypto is like penny stocks, says Wolf of Wall Street
“I don’t think there’s any amount of research that you can do to protect yourself from these ultra low cap [assets], except getting in really, really early,” said Jordan Belfort. Former stockbroker Jordan Belfort, known colloquially as the “Wolf of …
Why interoperability is the key to blockchain technology’s mass adoption
Interoperability enables blockchain networks and protocols to communicate with each other, making it easier for everyday users to engage with blockchain technology. Every year, we see new blockchain networks being developed to tackle specific niches within certain industries, each blockchain …
Rocky road lies ahead, but here’s 5 altcoins that still look bullish
Bitcoin price looks set for more downside, but this could present trade opportunities in MATIC, ATOM, XMR and CHZ. The United States equities markets plunged on Aug. 26 following Federal Reserve Chair Jerome Powell’s speech where he reiterated the central …
The number of crypto billionaires is growing fast, here’s why
As Bitcoin continues to grow in value and crypto companies become widely accepted, leading to the rise of crypto billionaires. Bitcoin whales: who are the largest BTC holders? Satoshi Nakamoto has more than 1 million BTC, making him the largest …
Bitcoin threatens 20-month low monthly close with BTC price under $20K
Traders are increasingly betting on a deeper dive to June’s lows or even beyond, with $20,000 struggling to hold. Bitcoin (BTC) looked set to equal its lowest monthly close since 2020 on Aug. 28 as bulls failed to take control. …
MakerDAO co-founder recommends DAI-USD depegging to limit attack surface
While revealing the protocol’s inability to comply with regulators, Christensen suggested that “we must choose the path of decentralization.” In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO …