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Argentines rush to buy stablecoins after economy minister's resignation

Argentines rush to buy stablecoins after economy minister’s resignation

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Stablecoins rose in value over the weekend as a result of the peso’s steep decline in Argentina. The peso fell roughly 15% versus stablecoins DAI and Tether on many major local markets after Guzman’s departure. Over the weekend, the value of both stablecoins jumped from 245 pesos to 280 pesos. Consumers purchased up to three times as many stablecoins as normal over the weekend, according to major cryptocurrency exchanges, as...

Cryptocurrencies, Exchanges, Front page, News, Stablecoins

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celsius - three arrow capital

Celsius, 3AC, crypto stumbles continue

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The crypto carnage continues as nervous investors rush out and big digital asset-focused companies Celsius and Three Arrows Capital (3AC) feel the pressure. On Wednesday afternoon, it appeared that Three Arrows Capital (3AC) had been selling assets, including $40 million of its Lido Staked Ethereum (stETH).  The token, known as “staked ether,” has suddenly become a key focus for crypto traders trying to manage...

Cryptocurrencies, Ethereum, Front page, News

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Tether Launches USDT on Tezos

Tether Launches USDT on Tezos

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Tether, the world’s largest stablecoin by market capitalization, is now available on the Tezos proof-of-stake blockchain. The launch of Tether’s USDT comes after months of testing and beta testing by several prominent crypto exchanges. Binance Labs, Kraken, and KuCoin are among the companies that have tested Tether’s new blockchain asset. “We’re thrilled to welcome Tether to the Tezos community,” said Ryan Jesperson,...

Cryptocurrencies, Front page, News

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ethereum ropsten merge

Testnet Ethereum Merge Completes Successfully on Ropsten

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The testnet Ethereum Merge has been completed successfully on the Ropsten testnet, and developers are now focused on the final merge in late Q3 or early Q4 2022. Ethereum’s testnet has successfully migrated to the new Proof-of-Stake (PoS) consensus algorithm. This means that Ethereum has completed its first step towards a PoS future. The next step will be to execute a final merge of the Ethereum testnet on Ropsten with the...

Blockchain, Cryptocurrencies, Ethereum, Front page, News

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ethereum difficulty bomb - Ticking Bomb by puroticorico

What is the Ethereum difficulty bomb?

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The Ethereum network is facing its own version of a “difficulty bomb” that will start to slow down the current blockchain system. The Difficulty Bomb is a difficulty adjustment algorithm that is designed to make block mining more difficult over time. It was originally implemented with the goal of incentivizing miners to switch to Proof-of-Stake (PoS) mining. The difficulty bomb was first announced in 2015 and was originally set to go live...

Cryptocurrencies, Ethereum, Front page, News

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