The Future of Liquid Staking Derivative (LSD) Tokens

One of the few success stories of the debilitating crypto winter this year has been a surge in prices and valuations of tokens for staking platforms. Even as prices for top cryptocurrencies crashed, those for staking platforms have zipped higher on the back of enthusiasm for Ethereum’s Shapella upgrade. The upgrade, which enables investors to… Read More The Future of Liquid Staking Derivative (LSD) Tokens

Notes 4/23: Ether Prices and Rewards

The first batch of profit-taking from Ethereum’s native token ether’s staking program has ended. Prices for the second largest cryptocurrency by market capitalization rose, briefly pushing past the $2100 mark, after Ethereum’s Shapella upgrade. The upgrade, which enabled withdrawals of staked ether, is the final step in the blockchain’s move to a Proof of Stake… Read More Notes 4/23: Ether Prices and Rewards

Notes 4/7: Low Volatility Bitcoin Price, Tether’s Inflated Market Cap

Labor department data released this morning indicated a slowdown in hiring markets, proof that the Federal Reserve’s interest rate hike regime is showing results. That should have been good news for cryptocurrency prices because it multiplied the odds that the agency might hold off on another quarter percentage increase at its next meeting and soothe… Read More Notes 4/7: Low Volatility Bitcoin Price, Tether’s Inflated Market Cap

Notes 3/11: Circle’s USDC Loses Peg

USDC, the crypto world’s second biggest stablecoin, has lost its peg due to exposure to Silicon Valley Bank (SVB), the bank that liquidated yesterday. The stablecoin’s peg with Tether’s USDT, another dollar-backed stablecoin, fell to as low as 0.86 at cryptocurrency exchange Kraken before recovering. As of this writing, it is still askew at $0.92.… Read More Notes 3/11: Circle’s USDC Loses Peg

Notes 3/9: Ethereum As A Security

In their crackdown on cryptocurrencies, regulators may have found their biggest target yet. The New York Attorney General’s (NYAG) office today filed a case against cryptocurrency exchange KuCoin for an unregistered offering of securities. In its filing, the agency alleged that Ethereum’s ether, the world’s second biggest cryptocurrency by market capitalization, is a security. Just… Read More Notes 3/9: Ethereum As A Security

What Will September Bring for Bitcoin and Crypto Markets?

For Bitcoin and the larger crypto ecosystem, this summer wasn’t a particularly warm one. In fact, a series of bankruptcies and scandals by major players crashed the ecosystem and prices plummeted. Bitcoin price has fallen by roughly 13% from the start of August and the overall market cap for cryptocurrencies declined by 8.1% to $992… Read More What Will September Bring for Bitcoin and Crypto Markets?

Bitcoin Price Continues Crumbling As Celsius Contagion Spreads

The dreaded W word is re-entering the crypto lexicon. Chatter about a crypto winter is on the cards once again after the asset class’s spectacular pandemic run. The irony of crypto becoming one of the first casualties of an impending recession is rich because its enthusiasts have spent years positioning it as a hedge against… Read More Bitcoin Price Continues Crumbling As Celsius Contagion Spreads

Terra And The Freestanding Algorithmic Stablecoin

A successful algorithmic stablecoin is the Internet equivalent of a freestanding dollar, a currency cut off from its peg to the gold standard. Recent advances in technology and cryptography make the idea sound deceptively simple. Practical implementation, however, remains elusive. Many attempts at creating algorithmic stablecoins have failed in the past. TerraUSD (UST) is the… Read More Terra And The Freestanding Algorithmic Stablecoin