ArkotNews

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.

An industry report is expected to outline best practices in areas including due diligence and risk management.

Robin Vince said the lender won't be as aggressive as other banks have been in trying to gain crypto deposits.

“We believe it is time to take this model to the next level and supercharge CAKE towards a deflationary model based on real yield and CAKE burn,” a blog post said.

Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, and it had more than 200 employees. Behind the scenes, though, staff took paid trips to music festivals, bosses fought, dismissals reportedly occurred on a whim, and the smell of cannabis permeated the office.

Longer-term narratives matter, argues Noelle Acheson, but they don’t set the price. That is set by short-term sentiment, which is both contagious and fickle.

The total locked value of assets on the platform has risen over 300% since the start of this year, DefiLlama data shows.

Bitcoin miners are posting the largest percentage stock gains on Monday.

A new 45-page report detailing accounting failures at the failed crypto exchange says that at one point employees were instructed by an unnamed higher-up to “come up with some numbers? Idk.”

It would ban a future terraUSD, at least temporarily, and create licensing rules for fiat-backed stablecoin issuers.