$10 billion worth of Tether was redeemed since the crypto crash
    24 May 2022

    Tether (USDT), the multibillion-dollar stablecoin. has paid out $10 billion in withdrawals since the crypto crash started in early May. The pace of withdrawals means the company is effectively dealing with a slow-motion bank run, as depositors seek to move their cash to more heavily regulated stablecoins. According to public blockchain data, $1 billion USDT…

    Istanbul to hold the 4th Blockchain Economy Summit on July 27-28
    24 May 2022

    After 2 years of the Covid-19 pandemic, Blockchain Economy Summit is again back in Istanbul on July 27-28, 2022. The event will bring together more than 3,000 participants from 55 countries around the world to discuss the future of finance, Web3, NFTs, Metaverse, DeFi, regulation of the crypto sector, the implementation of blockchain technology in…

    Crisis of Decentralized Finance
    24 May 2022

    The collapse of the UST stablecoin and the major crisis of confidence in stablecoins led investors to withdraw funds from DeFi protocols en masse. The calamity has exposed many of the weaknesses in the decentralized finance industry but also created an excellent opportunity for it to work out the flaws and upgrade on the way…