Tether Co-Founder Thinks TerraUSD Crash Could Be the End for Algorithmic Stablecoins

Tether Co-Founder Thinks TerraUSD Crash Could Be the End for Algorithmic Stablecoins

ByNews Polite

The collapse of the algorithmic stablecoin TerraUSD has raised questions about the future survival of similar crypto assets and Tether co-founder Reeve Collins believes that the UST crash could spell the end of most algorithmic stablecoins, if not all. In an interview at the World Economic Forum in Davos, Reeves…

Tether Expands Into Latin America With Peso-Pegged Stablecoin Launch

Tether Expands Into Latin America With Peso-Pegged Stablecoin Launch

ByNews Polite

Tether, the firm behind the most popular stablecoin linked to the US dollar, USDT, has debuted a new stablecoin pegged to the Mexican peso marking the company’s entrance into the Latin American crypto market. The company operating the blockchain-enabled platform announced that the new stablecoin would get added to Tether’s…

BTC Exceeds ,000 in Value as Overall Crypto Price Chart Reflect Gains for Most Cryptocurrencies

BTC Exceeds $30,000 in Value as Overall Crypto Price Chart Reflect Gains for Most Cryptocurrencies

ByNews Polite

After being red in losses for most of this week, the crypto price charts seem to be jumping back to health at a gradual pace. Bitcoin on Friday, May 20, opened trading at $31,728 (roughly Rs. 24.5 lakh) with minor gains of 2.60 percent as per Indian exchange Coinswitch Kuber….

Bitcoin, Ether Price Tank by Close to 5 Percent as Traders Fail to See Immediate Upside

Bitcoin, Ether Price Tank by Close to 5 Percent as Traders Fail to See Immediate Upside

ByNews Polite

Bitcoin and the broader cryptocurrency market once again entered a sharp correction after a brutal sell-off on Wall Street on Tuesday. In terms of value, Bitcoin’s price failed to stay above the $40,000 (roughly Rs. 30.5 lakh) mark across exchanges like CoinMarketCap, Coinbase and Binance. At the time of writing,…