The stablecoin offers greater transparency than competitors like USDT but that proved of little value as it was depegged during the recent banking crisis, says J.P. Koning.
ArkotNews
First Mover Asia: Bitcoin Is Flat, Ether in the Red, as a Long Weekend Begins
It's a battle of bulls versus bears as the market gets a grip on reality, says Brent Xu, CEO of DeFi lender Umee. ALSO: CoinDesk columnist Daniel Kuhn writes that Elon Musk had the crypto world's attention again this week, but whether he helps DOGE is questionable at best.
Lido Considers Using Its ARB Airdrop to Boost Activity on Arbitrum
Under a new proposal Lido would accept its $1.2 million in ARB tokens and reward them to liquidity providers in wrapped staked ether pools.
LI.FI and InsurAce Pitch Protection for Moving Crypto Between Blockchains
LI.FI partnered with risk cover protocol InsurAce to provide protection for users who are bridging their cryptoassets from one blockchain to another.
Do Kwon's Millions Are Not in South Korea, Prosecutors Say: Report
South Korea has requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro.
Decentralized Wireless Project Helium Begins Move to Solana Blockchain
The change aims to make Helium faster and cheaper to operate.
Bitcoin Approaches $30K, Reaching Highest Price Since June
The roots of an hour-long surge were difficult to pinpoint, according to one analyst, but investors have recently been more optimistic about the crypto’s prospects following last month’s banking crisis.
Bank of England Targets 30-Strong Team for Digital Currency: Report
Among the positions available are digital pound security architect and digital pound solutions architect.
Sushi DEX Approval Contract Exploited for $3.3M
Developers asked users to revoke contracts as a security measure early Sunday.
From Nakamigos to Magamigos: The Tricky Relationship Between the Meme Economy and NFTs
Speculative NFT project Nakamigos has recently broken into the NFT spotlight, spawning copycat projects such as Magamigos and Nakamigas that capitalize on the trend. But while meme projects may offer short-term gains, they rarely offer long-term value and ought be scrutinized.