Cryptocurrency-related contents that explains the status, need, or redundancy of new and old cryptocurrencies.
13 Mar 2023 1 minute read 2 comments Yugocean
The dispute concerning bitcoin and banks is not new, but the recent connections between the collapse of Silicon Valley and Silvergate banks and the fall in the cryptocurrency market have resurrected it, this time with less discussion and more cl...
12 Mar 2023 1 minute read 19 comments Yugocean
The value of multiple stablecoins—DAI, USDC, USDD, and FRAX—unexpectedly dropped below 95 cents together; despite some regains, their value is still not pegged. Describe DAI USDC USDD & FRAX DAI, USDC, USDD, and FRAX are all US dollar-pegged stabl...
11 Mar 2023 1 minute read 2 comments Yugocean
Crypto market is under another bear attack, and there are 4 reasons, which are responsible. 1 Silvergate lesson: No friend in need means divided we fall. Silvergate Bank, which went bankrupt after being hit by FTX, was the first registered bank in t...
10 Mar 2023 1 minute read 4 comments Yugocean
California-based Silvergate Bank is finally going to be liquidated; it is not available to be sold. Founded in 1988, Silvergate was a small financial company, but in 2013, its new CEO, Alan Lane, started investing in Bitcoin and launched a cryptocur...
9 Mar 2023 1 minute read 12 comments Yugocean
Binance has launched a new product called "Range Bound." This product rewards users for staying within a reference price range of a digital asset over a selected period. Attraction of Range Bound The APR is linked with the subscription amount to mak...
8 Mar 2023 1 minute read 2 comments Yugocean
China is the first country to introduce CBDC, the central bank's alternative to digital currency. CBDC is always in controversy, and Chinese CBDC (Digital Yuan) is also not controversy-free; its biggest controversy is regarding the expiration date....
7 Mar 2023 1 minute read 1 comment Yugocean
Bitcoin mining company TeraWulf has announced the launch of a bitcoin mining farm at its Nautilus facility in Pennsylvania, which is fully nuclear-powered. With nearly 8k rigs, TeraWulf's attempt is hit from the start. Not The First in the World,...
6 Mar 2023 1 minute read 21 comments Yugocean
We all know that El Salvador is the first country in the world to have made bitcoin legal tender. Since then, its relations with countries like the USA, Canada, etc., and institutions like the World Bank, the IMF, etc., have deteriorated, but bitcoin...
5 Mar 2023 1 minute read 3 comments Yugocean
Ethereum is the biggest competitor to bitcoin.Ethereum is the beginning of smart contract technology. Ethereum is the start of the NFT revolution.But Ethereum also has many limitations, the solution to which is the Shanghai Upgrade. Shanghai Hard...
4 Mar 2023 1 minute read 1 comment Yugocean
Coinbase Acquires ORDAM Coinbase has acquired a large SEC-registered investment advisory company called One River Digital Asset Management (ORDAM). Coinbase will hereby create Coinbase Asset Management (CBAM) as its wholly owned subsidiary, thereby...
