“The reserves of these stablecoins, however, may not be subject to rigorous audits and the quality and quantity of collateral may not, in some cases, correspond to the issuer’s claims. Likewise, stablecoins that maintain their value through algorithmic mechanisms are potentially subject to failure due to market pressures, operational failures, and other risks,” the report … [Read more...] about Financial Stability Group Warns of Stablecoin, DeFi Risks in Annual Report
Annual
China’s annual ban explained, ‘crypto crash’ trending … and more
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Is China banning crypto again? FUD watchers got a glimpse of an old favorite as three government bodies in China, including the China Internet … [Read more...] about China’s annual ban explained, ‘crypto crash’ trending … and more
Ethereum poster child MakerDAO’s annual revenue breaks above $200 million
The total projected annual revenue of lending platform MakerDAO, Ethereum’s decentralized finance (DeFi) “poster child,” has exceeded $200 million over the past weekend, according to analytics website MarketBurn.“It’s a testament of efficiency and expansion of Maker protocol,” said Growth at MakerDAO lead Doo Wan Nam to CryptoSlate in the regard.MakerDAO is a decentralized … [Read more...] about Ethereum poster child MakerDAO’s annual revenue breaks above $200 million
Bitcoin’s compound annual growth is ‘an unheard-of’ 200% CAGR
Bitcoin (BTC) has delivered returns which are “unheard of” in history and ultimately leaves Tesla stock in the dust. That’s according to fresh data from on-chain monitoring resource CaseBitcoin, which this week delved into Bitcoin’s astonishing compound annual growth rate (CAGR).BTC hodling: 10 years, 5,200,000% returnsA familiar phrase among crypto and traditional investors … [Read more...] about Bitcoin’s compound annual growth is ‘an unheard-of’ 200% CAGR