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” Tron’s stablecoin USDD loses dollar peg on suspected selloff by Alameda Research “ In April 2022, the Tron network launched USDD, a token pegged to the U.S. dollar, as an “over-collateralized stablecoin,” meaning its likelihood of slipping below $1 should be lower due to excessive reserves backing its valuation. USDD stablecoin slips below $1 peg…
” Huobi co-founder reportedly looks to sell majority stake valued at over $1B “ Leon Li, the co-founder of global crypto exchange Huobi, is reportedly in talks to sell the majority of his stake in the company that could be valued at over $1 billion. Li reportedly had discussions with multiple financiers seeking to offload…
“# Chinese Communist Party warn of NFT hype bubble ” According to local sources, the Chinese government has released a series of statements denouncing the value of the non-fungible token, or NFT, market, despite two of the nation’s major tech firms pursuing the technology. The story was first released locally by the Securities Times —…
“# ‘Crypto Mom’ Hester Peirce slams SEC for $10m Poloniex settlement ” Commissioner Hester Peirce, known colloquially as “Crypto Mom,” has slammed the U.S. Securities and Exchange Commission (SEC) for its $10 million settlement with cryptocurrency exchange, Poloniex. The SEC announced the $10 million settlement on Aug. 9, with Poloniex being charged with facilitating trades…
“# Tron’s DLive platform under fire for live streaming US Capitol extremists ” DLive, the decentralized streaming platform that Justin Sun purchased and migrated to Tron in December 2019, was used by several far-right extremists to live-stream their insurrection in the U.S. Capitol building on Jan 6. The extremists were also able to raise donations…
“# Five times crypto got weird in 2020 ” Every industry, group, clique and conclave has its own share of weirdos — cryptocurrency and blockchain are no exception. Considering that cryptocurrency is the so-called “native” currency of the internet — the repository of the sum of human knowledge and the eccentricities there contained — the…