Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments
While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top five stablecoins by market valuation that has seen a supply increase in the past three months. […]
Tron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital
The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin’s web portal usdd.io claims the project is overcollateralized by 200.8% at the […]
Analysis of FTX and Alameda Collapse Points to Terra LUNA Fallout Starting the Domino Effect
An analysis of the FTX and Alameda Research collapse has been published by the blockchain and crypto analytics firm Nansen and the report notes that the Terra stablecoin collapse, and the liquidity crunch that ensued, likely started the domino effect that led to the company’s implosion. The study from Nansen further details that “FTX and […]
Do Kwon’s First Interview Since Terra (LUNA) Downfall Called Out As Biased
Do Kwon, the leader of the infamous TerraForm Labs, the company that’s responsible for making over $83 billion of investors’ funds disappear, has broken silence in an exclusive video interview for Coinage. EXCLUSIVE: @stablekwon Breaks His Silence. Coinage Episode 0 — Inside Crypto’s Largest Collapse with Terra Founder Do Kwon Watch the full video on […]
Three Arrows Capital Founders Speak After Filing Bankruptcy, Exec Says the ‘Whole Situation Is Regrettable’
This week the two co-founders of the embattled cryptocurrency hedge fund Three Arrows Capital spoke to Bloomberg about their fund crumbling at the seams. The co-founders Su Zhu and Kyle Davies did not disclose their whereabouts, but a lawyer who monitored the interview noted the duo is located in the United Arab Emirates. Zhu said […]
Tron’s USDD Regains Stability After Tapping an All-Time Low at $0.92
Between June 13 and June 27, or roughly two weeks, Tron’s stablecoin USDD dropped lower than the $1 parity and slipped to a low of $0.928 per unit on June 19. During the past seven days, USDD has managed to jump back to the $0.98 to $0.99 region while reaching $1 on July 3. Tron’s […]
FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming
In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail. Bankman-Fried’s FTX and Alameda Research have already helped Blockfi and Voyager Digital as the 30-year-old billionaire says sometimes you have to do “what it takes to sort of stabilize things […]
Anonymous Sends a Message to Terra’s Do Kwon: More Crimes Will Be Revealed
Hacktivist group Anonymous has set their sights on the Founder of Terraform Labs Do Kwon. In their newest video, posted on June 26th, they claimed that Kwon was single-handedly responsible for scamming investors out of billions of dollars and addressed him directly, saying: “there is no doubt that there are many more crimes to be […]
Why Is Luna’s Do Kwon Not in Prison Yet?
“What we need to remember always our true North Star of why we started this in the first place, and that is to make sure that our money is the most decentralized and the most useful on the face of this f*****g planet!” That’s what Don Kwon, 30-year old founder of TerraLabs stated confidently on […]
Terra CEO Do Kwon Says He Doesn’t Care about Money Enough to Steal $3 Billion
Do Kwon, The chief of Terra, has received a lot of media attention recently. South Korean authorities are working to investigate Terra Luna’s downfall, while the leader of Terra, Kwon himself, also faces charges of money laundering and tax evasion. Fatman has accused Do Kwon of cashing out $2.7 billion a few months before the […]