Bitcoin Becomes a Stablecoin?
Even if you are only marginally interested in crypto, you are likely aware of the events of the past few weeks in which the stablecoin “UST” lost its peg, resulting in a “death spiral” for both UST and the LUNA token, which is the centerpiece of the Terra ecosystem. For many in the crypto space, it has been tempting, convenient, or perhaps psychologically necessary to blame the demise of UST and LUNA on some outside
Joe Knows Crypto?
On March 9th, President Biden signed his “Executive Order on Ensuring Responsible Development of Digital Assets.” This order had been anticipated for several weeks, and while highly anticipated within the crypto community, the order itself is short on specifics, long on bureaucratic jargon, and therefore subject to speculation by almost anyone who takes the time to read it. To start, it must first be acknowledged that nowhere in the order can there be found any
Stablecoins in an Unstable World
For those new to the cryptocurrency market, stablecoins represent one of the more difficult aspects to understand. The reality of this point is further cemented when one has come into crypto because of Bitcoin or some other specific project or protocol that potentially serves as a universal ledger or universal unit of account. While the technology and enthusiasm behind Non-Fungible Tokens has understandably garnered much of the attention in the latter half of 2021, it
