In light of the recent collapse of both the TerraUSD (UST) stablecoin and Terra coin (LUNA), Blockstream CEO Adam Back points out the confusion being caused by mainstream outlets for publishing headlines about Tether (USDT) losing its peg to the U.S. dollar.
In Back’s Twitter thread, he explains
Tether's CTO Paolo Ardoino announced that Tether has cut their holdings of commercial paper since December of 2021, and now holds the majority of its reserves in U.S. Treasuries.
Tether (USDT) is a reserve-backed stablecoin that aims to be pegged 1:1 to the U.S Dollar.
Samson Mow, Paolo Ardoino, Adam Back, Gabor Gurbacs, and Arnab Naskar shed some insight into the fundamental differences between collateralized stablecoins (fully backed by USD or other reserves) and algorithmic stablecoins (which rely on smart contracts to maintain price stability).
Adam Back explained the difference: “the biggest and most widely
Samson Mow, Paolo Ardoino, Adam Back, Gabor Gurbacs, and Arnab Naskar shed some insight into the fundamental differences between collateralized stablecoins (fully backed by USD or other reserves) and algorithmic stablecoins (which rely on smart contracts to maintain price stability).
Adam Back explained the difference: “the biggest and most widely
In light of the recent collapse of both the TerraUSD (UST) stablecoin and Terra coin (LUNA), Blockstream CEO Adam Back points out the confusion being caused by mainstream outlets for publishing headlines about Tether (USDT) losing its peg to the U.S. dollar.
In Back’s Twitter thread, he explains
Tether's CTO Paolo Ardoino announced that Tether has cut their holdings of commercial paper since December of 2021, and now holds the majority of its reserves in U.S. Treasuries.
Tether (USDT) is a reserve-backed stablecoin that aims to be pegged 1:1 to the U.S Dollar.
On May 12th, 2022 Australia finally launched a Bitcoin spot ETF along with a second Bitcoin ETF that invests in a Canadian spot Bitcoin ETF.
21Shares Bitcoin ETF (EBTC: AU) is the first Australian spot Bitcoin ETF offered in partnership with ETF securities. The fund directly invests in Bitcoin and
Hoseki is a Proof-of-Funds service that builds infrastructure in order to help investors verify and use their funds in ways that were previously inaccessible. Their app will allow for Proof-of-Funds in order to be considered for mortgages, car loans, personal loans, residency, and credit checks.
The company recently announced the
President Nayib Bukele released images of El Salvador’s Bitcoin City model following a recent Tweet that the country “bought the dip” purchasing an additional 500 Bitcoin.
The Bitcoin City images showcase a golden city with a Bitcoin centerpiece. Bukele captioned the photos with "Bitcoin city is coming along
Michael Saylor and his company, MicroStrategy, are one of the most outspoken supporters of Bitcoin. In fact, the company has one of the largest holdings of the digital asset in the world. However, attention has recently been drawn to the possibility of the company becoming insolvent due to Bitcoin'
The Casa team announced on May 10th, 2022 that they were able to raise $21 million for their series A funding in order to expand operations while also releasing their new API. The funding is planned to be used for fueling the company’s next phase of growth. Their new
