FTX US President: Stablecoins Will Bounce Back after UST Debacle

News

According to Harrison, Terra’s issue points to the role of exchanges in investor protection such as screening out assets that appear illegitimate or lack transparency and long-term value. FTX US president Brett Harrison belFTX US president Brett Harrisonieves that the growing demand for stablecoins will help the fiat-backed stablecoin survive Terra’s collapse. Speaking during an …

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We Hear You: Bitcoin Mining Noise Pollution Is A Solved Problem

Articles

Bitcoin mining is loud. Anyone reading that sentence who has not visited an operational mining farm is probably imagining a loud restaurant or a running air-conditioning unit. But in this context, “loud” actually means an almost ungodly cacophony of spinning fan blades producing a noise level akin to a fighter jet. Mining gives new meaning …

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White House prepares policy to fight Bitcoin mining environmental impact

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The United States government plans to unveil the first-ever policy targeting Bitcoin mining to address factors like the sector’s energy regulation and climatic impact. The policy proposal is expected to be out by August and will review some of the industry’s criticism, including claims of lacking a societal benefit, Bloomberg Law reported on June 2. …

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Bank of England Lambasts Stablecoins for Being “Unstable”

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Bloomberg has reported that an official at the Bank of England (BoE) has criticized stablecoins, saying that they are unstable, meaning UST and USDT in particular. “Stable they are not.” Stablecoins that are meant to be an alternative to traditional currencies aren’t steady enough for widespread use by consumers, a Bank of England official says https://t.co/AvBatOeGjr …

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ChainLink price analysis: LINK lost value at $7 after strong bearish run

Analytics

Chainlink price analysis for 2 June 2022 illustrates the market is following a partial bullish movement. The price of Chainlink has declined significantly over the past few hours; however, the trend has devaluation dynamics now. On 1 June 2022, the price crashed and went from $7.72 to $6.8. However, soon after, it gained positive momentum, …

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Balancer Goes Live on Ethereum Layer 2 Network Optimism

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Balancer is the latest decentralized exchange to arrive on Optimism. Balancer Comes to Optimism Balancer has launched on Optimism. The leading decentralized exchange, which currently ranks in the top five by total value locked on Ethereum, announced today that it had launched on the Ethereum Layer 2 scaling solution, Optimism. The move marks Balancer’s third …

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