Category: CryptoSlate

CryptoSlate News Feed

Terra founder reportedly has link to failed stablecoin, Basis Cash | CryptoSlate

CryptoSlate

A former Terra Labs employee has reportedly revealed that Terra co-founder Do Kwon was one of the creators of Basis Cash. This algorithmic stablecoin failed last year, a Coindesk report has revealed. Citing a former engineer at Terraform Labs, Hyungsuk Kang, Read More

Shiba Inu gives update on new developments, including the SHI stablecoin | CryptoSlate

CryptoSlate

A blog post from Shiba Inu gives an update on ecosystem developments per ‘Riyoshi’s Vision.’ Riyoshi is the project’s anonymous founder who claims to hold 0 $SHIB tokens, as doing so would affect his judgment and decision-making. “Don’t worry, the Read More

Israeli central bank yet to make decision on pursuing CBDC despite public support | CryptoSlate

CryptoSlate

The central bank of Israel has yet to decide whether to create a digital version of its fiat currency shekel, despite the public supporting the notion, Reuters reported. Bank of Israel considering CBDC Discussions over creating digital shekels have been Read More

SwissBorg report explains cause of the “death spiral” of UST | CryptoSlate

CryptoSlate

The Swiss-based crypto exchange, SwissBorg, has released a report on the risks surrounding Terra’s stablecoin, UST. The token is currently undergoing extreme volatility, trading at just $0.59 at writing. SwissBorg issued a risk warning to users on May 10 and Read More

Avalanche founder claims only one algorithmic stablecoin can succeed – defends Terra’s UST | CryptoSlate

CryptoSlate

The founder of Ava Labs, Emin Gün Sirer, has offered his opinions on the crash of Terra’s algorithmic stablecoin, UST.  According to Gün Sirer, there is a need for decentralized algorithmic stablecoins in the ecosystem due to the censorship vulnerability of Read More

El Salvador buys the dip – picks up 500 BTC worth roughly $15.5M for reserves | CryptoSlate

CryptoSlate

El Salvador just added another 500 Bitcoin (BTC) — worth roughly $15.5 million — to its reserves after the world’s most popular cryptocurrency fell to almost $30,000 on May 9. President Nayib Bukele announced that the country had purchased the Read More

Economist Nouriel Roubini backtracks on anti-crypto stance with digital dollar plans | CryptoSlate

CryptoSlate

Long-term crypto critic Nouriel Roubini is working on a digital dollar through Atlas Capital Team L.P. that will serve as “a more resilient dollar,” Bloomberg News reported. Atlas Capital, co-founded by Roubini, will work with web3 developer Mysten Labs to Read More