TerraUSDT (UST) is (though “was” might be better)an algorithmic stablecoin whose stability mechanism stemmed from the promise of a payout with LUNA. Having traders mint and burn tokens as needed to ensure…
Category: Cryptocurrency
Goldman Sachs says the crypto crash will have a small impact on the U.S.
Analysts at banking behemoth Goldman Sachs believe the recent crypto crash will have little impact on U.S. households. Michael S. Derby, a special reporter from Wall Street Journal, shared this information through…
Memes in red as Dogecoin and Shiba Inu shed over 80% of their ATH
Based on recent price performance, the crypto market is at its lowest ebb for the first time in a very long time. According to data on CryptoSlate, most meme coins have lost…
a16z’s ‘State of Crypto’ report shows crypto is in a really good state
Few companies in the VC space have exposure to crypto as a16z has. Founded in 2009 by Marc Andreessen and Ben Horowitz, Andressen Horowitz began investing in crypto companies in 2013 with…
Is the GameFi Bubble About to Burst? | 2022 Q1 GameFi Industry Report
The crypto market saw a significant decline in 2022, but not all sectors faced the same trajectory. In 2022, the funding market has shown to be very active, with capital flowing into…
Nasdaq decline equates to Dot-Com crash. How does it compare to crypto?
Analysis shows that Nasdaq has lost over $7 trillion in value amid the market sell-off in 2022. Quantum Economics founder and CEOMati Greenspan highlighted on Twitter that $7.6 trillion had left the…
GameFi Slides on Macro Trends but Individual Projects Shine | April Monthly Report
In April, GameFi game projects grew from 1,406 to 1,479, a monthly increase of 5.2%, with growth concentrated in the BSC and Polygon chains. Monthly active users were 9.22 million, and transaction…
Another algorithmic stablecoin, DEI, loses peg
Another algorithmic stablecoin from Deus Finance, DEI, fell to as low as 54 cents on Monday, continuing what has been a tumultuous week for stablecoins. The stableocoin first lost its peg against…
Bitcoin long positions spike 60% on Bitfinex
Long positions on Bitcoin have hit an all-time high on Bitfinex as they spike over 60% in a day. The spike is one of the most aggressive moves up that has ever…
GameFi Tokenomics 101: Dual-token blockchain games
In a previous article, we introduced three tokenomic models for single-token blockchain games and their respective pros and cons. In this article, we’ll go over dual-token projects, an innovation that came after…
