Gold-Backed Stablecoin ‘Alloy’
Tether, a prominent stablecoin issuer, has introduced a new product called Alloy, a gold backed stablecoin, with its first token being ‘aUSD₮’. The Tether stablecoin Alloy designed to stabilize prices by collateralizing users’ assets with Tether Gold (XAU₮). Gold has been a trusted store of value for centuries. By tokenizing gold, Tether allows users to […]
Bitcoin or Ethereum: Which One Is Better?
In the realm of cryptocurrency, Bitcoin and Ethereum stand out from others as they shine as the leading contenders for the top spot. Bitcoin is known for its store of value and hedge against inflation, Ethereum on the other hand , with its smart contract capabilities, have revolutionized the way we perceive and utilize blockchain […]
How Liquidity Works on Crypto Exchanges
Many traders are drawn to cryptocurrency exchanges like children to a candy store by the wild volatility of cryptocurrencies. As Bitcoin and other cryptocurrencies experience exhilarating rallies to all-time highs and heart-stopping falls back down, the flashing red and green price fluctuations inspire hopes of financial success. However, liquidity—a vital but frequently misunderstood component—fuels this […]
Financial Crisis and Crypto
TradFi upheaval “cannot be ruled out” “There’s a good chance that significant corrections in the financial markets will occur before the year ends, even if they don’t necessarily result in a major crisis,” economist Paolo Tasca, who founded the University College London Center for Blockchain Technologies, tells Magazine. The starting point? Perhaps a pullback in […]
Solana sleeping on the job
Solana sleeping on the job Over the past three years, Solana has seen more than 150 hours of outage; meme currencies are exacerbating the issue. Similar to several purported “Ethereum killers,” the Solana blockchain has failed to meet any significant milestones in its promises. Though the network has a history of recurring disruptions that are […]
Bitcoin trader hopes for liquidity snatch as BTC price returns to $62K
On Bitstamp, data from TradingView and Cointelegraph Markets Pro indicated daily highs of $62,323. Although the number of initial jobless claims was lower than anticipated, the U.S. unemployment statistics did not cause the cryptocurrency markets to become more concerned about the direction of inflation. As of this writing, BTC/USD was up 2.3% on the day. […]
Coinfest Asia
Top speakers including Mo Shaikh (co-founder and CEO of Aptos), Yat Siu (founder and executive chairman of Animoca Brands), Oleg Fomenko (co-creator of Sweat Economy), and Alexander Svanevik (CEO of Nansen) will be featured at Coinfest Asia 2024. They were joined by other prominent figures in the industry, including Vishal Sacheendran, Head of Regional Markets […]
