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cointelegraph.com

1. New Cardano algorithmic stablecoin evokes old fears for the community
“I thought we already figured this out, algorithmic stablecoins, not the best option,” a community member wrote on Twitter…
#algorithmicstablecoin

2. Ukraine collabs with international consultants to update crypto framework
The Advisory Council on the Regulation of Virtual Assets held its first meeting, dedicated to adjusting the National Tax Code to the crypto market…
#Ukraine #Ernst&Young #Usaid

3. Crypto miners in Russia capitalize on the bear market by hoarding ASIC devices
Miners in Russia have likely been increasingly buying crypto ASICs due to reduced prices of mining devices as well as low-cost energy…
#Cryptocurrencies #BitcoinPrice #BitcoinMining #Mining #Russia #ASIC #Hardware
cointelegraph.com

1. Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting
WAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token…
#Altcoin #DeFi #algorithmicstablecoin #Cryptocurrencies #Markets #BitcoinRegulation #CryptocurrencyExchange #Technology #Government #MarketUpdate #Stablecoin #Waves

2. Major Grayscale digital currency funds are trading at 34% to 69% discount to NAV
The firm manages more than $14.7 billion in digital assets through its OTC investment vehicles…
#Cryptocurrencies #Grayscale #Bitcoin #Ethereum
cointelegraph.com

Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs
U.S.-based lawyer, Gabriel Shapiro, believes the SEC’s suit against Terraform Labs and Do Kwon could show how the SEC could go after other stablecoin issuers.
#DoKwon #GabrielShapiro #GaryGensler #RyanAdams #DelphiLabs #HoweyTest #SecuritiesBasedSwap #SouthKorea #Serbia #AlgorithmicStablecoin #WrappedToken #SyntheticAsset
cointelegraph.com

Hope Finance exploit results in $2M stolen from users' funds
A smart contract exploit sees $2 million stolen from Arbitrum-based algorithmic stablecoin project Hope Finance.
#HopeFinance #Arbitrum #algorithmicstablecoin
cointelegraph.com

$22M of Curve Finance algo stablecoin minted since mainnet launch
Decentralized finance protocol Curve Finance has successfully launched its algorithmic US dollar-pegged stablecoin ‘crvUSD’ on the Ethereum mainnet.
#CurveFinance #crvUSD #algorithmicstablecoin #stablecoin #Ethereum