Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Aavegotchi bonding curve closes on exact day of DAI depeg

The price of GHST was supported by that of DAI stablecoin for over two years.

Are you not fully sure what’s happening? Like many, you may be wondering why all these banks are failing, and why it affects crypto. I broke down the explanation of the causes, and the effect on crypto. Bonus: “explain like I’m 5” at the bottom.

edit: made a mistake in the title, and had to remake the whole post. It's a side effect of Fed raising the rates too quickly, along with institutions who faced some Covid crisis vulnerabilities in the last 2 years. It will have some short term effect on the crypto market, but as we've seen last…
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Biggest Movers: SOL Rebounds From 2-Month Low to Start the Weekend

Solana rebounded from a two-month low to start the weekend, as bulls reentered the market to buy the recent dip. Overall, the global crypto market cap is currently trading 1.8% higher, following a nearly 10% drop on Friday. Polygon was another notable mover, as price rose by nearly 7% on Saturday. Solana (SOL) Solana was […]

Satoshi didn’t create BTC for us to worry about the 10-year bond rate or interest rates in general.

SVB apparently had a shit ton of 10-year bonds. Why you would want to tie your funds up for such little return I cannot understand but if I were to guess I’d guess it’s for Stability That’s pretty laughable now – I mean to laugh because it’s better than being upset Truly, the regulators and…
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Ethereum layer-2 solutions may focus less on token incentives in the future

Token incentive models may become obsolete as layer-2 networks focus on ease of functionality and low fees, but how will this impact decentralization?

appears usd c getting saved/bailed . back to 1/1

submitted by /u/grubbyintercourse36 [link] [comments]

Too big too fail? After all that happened I never think that way again.

LUNA was a big top 10 crypto, Celcius and Voyager were big crypto firms that fell. FTX, one of the big crypto exchanges went bankrupt. Everyone of them were told to be "too big to fail" aand yet they did fail. What's next? Now with even banks falling, it will take down even more. USDC…
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Eight of the top 10 stablecoins by market cap lost their $1 peg today, with Tether and Binance USD being the only two that held their peg during this turmoil

Some doing worse than others, but 8 of the top 10 stable coins are currently no longer worth $1 USD (I've excluded UST and TRIBE since they depegged a while ago and never managed to repeg). Below are the current prices of the top 10 stablecoins excluding Tether and Binance USD: USD Coin (USDC): $0.91…
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MakerDAO files emergency proposal addressing 3.1B USDC exposure

“Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less,” says MakerDAO.