Wednesday, June 15, 2022

Decadence and Denial: Reflections on Consensus 2022
Last week, CoinDesk hosted its flagship Consensus conference in Austin, Texas, the self-styled live music capital of the world, which drew thousands from around the globe to bake under the......

Tether Calms Fears Over Reserve Backing, Exposure to 3AC, Celsius
The stablecoin issuer Tether has dismissed rumors concerning the heath of its commercial paper portfolio as completely false and likely spread to induce further panic. Tether Condemns False Backing Ru...

Fed Raises Rates by 75 Basis Points
The U.S. central bank announced today it will be raising interest rates by another 0.75% in an effort to combat raging inflation. The Largest Hike Since 1994 The Federal Reserve......

Almost Every Crypto Asset Is Down Over 90% From Peak
The seven-month-long cryptocurrency bear market has exposed a painful reality: the vast majority of cryptocurrencies eventually lose practically all of their value. Crypto Crash Exposes Painful Realit...

Cardano, Solana Attempt to Rebound
Layer 1 tokens Cardano and Solana appear to have reached oversold territory after taking a nosedive in the last seven days. It remains to be seen whether these altcoins can......

Terra’s Do Kwon Is Being Investigated for Tax Fraud
Prosecutors have started to investigate Terraform Labs CEO Do Kwon for tax evasion, according to reports from local media. South Korean Prosecutors Seize Tax Data SBS News reported today that......

Stablecoin Supply Decreases Over Quarter for First Time in History
Stablecoin redemptions have reached a historic high, with more than $10 billion redeemed across major issuers and about $3 billion retired from MakerDAO. Supply Shrinks By At Least $13 billion......

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Wednesday, June 15, 2022

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