Author: 3HOUSE user @Mike LeeMajor Crypto Asset PerformanceMajor crypto assets such as Bitcoin and Ethereum performed flatly over the course of this week. Bitcoin and Ethereum began the week at USD 28,000 and USD 1,770 respectively on Monday 27th March. However, both major assets suffered a sudden panic fall when the US CFTC’s (Commodity Futures Trading Commission) lawsuit expanded to include both Binance and its CEO Changpeng Zhao (CZ) for violating trading and derivatives rules. Bitcoin los...

Author: 3HOUSE user @Mike LeeMajor Crypto Asset PerformanceMajor crypto assets such as Bitcoin and Ethereum performed flatly over the course of this week. Bitcoin and Ethereum began the week at USD 28,000 and USD 1,770 respectively on Monday 27th March. However, both major assets suffered a sudden panic fall when the US CFTC’s (Commodity Futures Trading Commission) lawsuit expanded to include both Binance and its CEO Changpeng Zhao (CZ) for violating trading and derivatives rules. Bitcoin los...

Author: 3HOUSE user @Fitte The stability of stablecoins has been a topic of concern recently, as many of them have been experiencing difficulties. It all began last year in May, with the crash of LUNA, which led to the algorithmic stablecoin TerraUSD ($UST) losing its peg. At one time worth $18 billion, UST is now trading at a measly 3 cents, which is not a good sign for those who held onto it. BUSD is under scrutiny by the U.S. Securities and Exchange Commission (SEC), which intends to sue P...

Author: 3HOUSE user @Fitte The stability of stablecoins has been a topic of concern recently, as many of them have been experiencing difficulties. It all began last year in May, with the crash of LUNA, which led to the algorithmic stablecoin TerraUSD ($UST) losing its peg. At one time worth $18 billion, UST is now trading at a measly 3 cents, which is not a good sign for those who held onto it. BUSD is under scrutiny by the U.S. Securities and Exchange Commission (SEC), which intends to sue P...

Author: 3HOUSE user @jwerhutt Stablecoins were first launched back in 2014 with BitShares and NuBits. They were created as an alternative for investors to protect themself from the volatility of the cryptocurrency market by pegging stablecoins to ”stable” real world assets such as fiat-money, gold or commodities. Although the likes of BitShares and NuBits are of little relevance in the cryptocurrency world today, their novel ideas have spawned the developments of stablecoins and contributed t...

Author: 3HOUSE user @jwerhutt Stablecoins were first launched back in 2014 with BitShares and NuBits. They were created as an alternative for investors to protect themself from the volatility of the cryptocurrency market by pegging stablecoins to ”stable” real world assets such as fiat-money, gold or commodities. Although the likes of BitShares and NuBits are of little relevance in the cryptocurrency world today, their novel ideas have spawned the developments of stablecoins and contributed t...

Author: 3HOUSE user @cd13 Have you heard the news about Binance USD (BUSD)? The New York State Department of Financial Services is cracking down on this stablecoin, and it has sent shockwaves through the cryptocurrency industry. If you're invested in BUSD or considering investing in stablecoins, you'll want to pay close attention to what's happening. In this article, we'll explore the basics of BUSD, the reasons behind the regulatory crackdown, and what it all means for yo...

Author: 3HOUSE user @cd13 Have you heard the news about Binance USD (BUSD)? The New York State Department of Financial Services is cracking down on this stablecoin, and it has sent shockwaves through the cryptocurrency industry. If you're invested in BUSD or considering investing in stablecoins, you'll want to pay close attention to what's happening. In this article, we'll explore the basics of BUSD, the reasons behind the regulatory crackdown, and what it all means for yo...

Author: 3HOUSE user @Mike Lee (views are my own and should not be regarded as investment advice, investors are suggested to conduct their own research)Major Crypto Asset PerformanceMajor crypto assets commenced the week by retracting from last week’s strength as Bitcoin toppled from USD 28,300 to USD 27,350 while Ethereum slipped from USD 1,800 to USD 1,750 on Monday 20th March. Technical indicator of both digital assets, Relative Strength Index (RSI), diverged as Bitcoin’s RSI stayed at 65 a...

Author: 3HOUSE user @Mike Lee (views are my own and should not be regarded as investment advice, investors are suggested to conduct their own research)Major Crypto Asset PerformanceMajor crypto assets commenced the week by retracting from last week’s strength as Bitcoin toppled from USD 28,300 to USD 27,350 while Ethereum slipped from USD 1,800 to USD 1,750 on Monday 20th March. Technical indicator of both digital assets, Relative Strength Index (RSI), diverged as Bitcoin’s RSI stayed at 65 a...

Author: 3HOUSE user @layXFundamental OverviewAfter a full year of high inflation all around the globe, the world of finance was caught on fire with the recent bank failures and bad monetary policy decisions. FED raised interest rates more aggressive than most expected. This started to create cracks in the system that are just starting to show up and put in light, the poor management of banks with people’s deposits gave another hit to the fiat money (typical legal currency). This spiked up att...

Author: 3HOUSE user @layXFundamental OverviewAfter a full year of high inflation all around the globe, the world of finance was caught on fire with the recent bank failures and bad monetary policy decisions. FED raised interest rates more aggressive than most expected. This started to create cracks in the system that are just starting to show up and put in light, the poor management of banks with people’s deposits gave another hit to the fiat money (typical legal currency). This spiked up att...

Author: 3HOUSE user @CryptoCo In recent years, stablecoins have emerged as substitutes for more volatile cryptocurrencies like Bitcoin and Ethereum in the world of digital currencies. While stablecoins have drawn attention for their potential as stable value reserves, they have also faced skepticism and criticism. Some critics have even labeled stablecoins as a "scam". This article explores the topic of whether stablecoins are a scam and provides a comprehensive analysis of their pros and con...

Author: 3HOUSE user @CryptoCo In recent years, stablecoins have emerged as substitutes for more volatile cryptocurrencies like Bitcoin and Ethereum in the world of digital currencies. While stablecoins have drawn attention for their potential as stable value reserves, they have also faced skepticism and criticism. Some critics have even labeled stablecoins as a "scam". This article explores the topic of whether stablecoins are a scam and provides a comprehensive analysis of their pros and con...

Author: 3HOUSE user @HaloFundamentalRNDR is a cryptocurrency that bridges GPUs across the world, It is the process of generating digital images or animations using blockchain technology. This process involves using the computing power of a blockchain network to render images or animations, which can be used in a variety of applications, including gaming, virtual reality and advertising. The mission of RNDR is to bridge the gap between GPU supply/demand through the use of distributed GPU compu...

Author: 3HOUSE user @HaloFundamentalRNDR is a cryptocurrency that bridges GPUs across the world, It is the process of generating digital images or animations using blockchain technology. This process involves using the computing power of a blockchain network to render images or animations, which can be used in a variety of applications, including gaming, virtual reality and advertising. The mission of RNDR is to bridge the gap between GPU supply/demand through the use of distributed GPU compu...

Author: 3HOUSE user @JackyhodlWhat are stablecoins?The cryptocurrency market is renowned for its volatility and its daily market capitalization can fluctuate in billions of dollars. An over 10% intraday movement in the value of Bitcoin is a norm and such volatility introduces huge risks when we consider to use Bitcoin as a means of payments. Recognizing this problem, a type of cryptocurrency called stablecoins is created. Using the value of an underlying asset, such as the U.S. dollar, stable...

Author: 3HOUSE user @JackyhodlWhat are stablecoins?The cryptocurrency market is renowned for its volatility and its daily market capitalization can fluctuate in billions of dollars. An over 10% intraday movement in the value of Bitcoin is a norm and such volatility introduces huge risks when we consider to use Bitcoin as a means of payments. Recognizing this problem, a type of cryptocurrency called stablecoins is created. Using the value of an underlying asset, such as the U.S. dollar, stable...

Author: 3HOUSE user @0xDigiPap Stablecoins are an important concept in the field of digital currencies, as they can provide stable value to the cryptocurrency market, increasing market predictability and usability. With the continuous development and maturity of the cryptocurrency market, more and more stablecoin projects are emerging, including centralized stablecoins and decentralized stablecoins. However, due to the single point of failure and trust issues of centralized stablecoins, decen...

Author: 3HOUSE user @0xDigiPap Stablecoins are an important concept in the field of digital currencies, as they can provide stable value to the cryptocurrency market, increasing market predictability and usability. With the continuous development and maturity of the cryptocurrency market, more and more stablecoin projects are emerging, including centralized stablecoins and decentralized stablecoins. However, due to the single point of failure and trust issues of centralized stablecoins, decen...

Author: 3HOUSE user @liqu1d The USD stablecoin (USDC) is a cryptocurrency pegged to the US dollar, issued by the American fintech company Circle. Since its launch in 2018, the market size of USDC has expanded rapidly, becoming the world's second-largest stablecoin. Although the market has high confidence in USDC, a series of recent events have revealed its potential risks. On March 8th, the well-known crypto-friendly Silvergate Bank announced its liquidation, returning all deposits to it...

Author: 3HOUSE user @liqu1d The USD stablecoin (USDC) is a cryptocurrency pegged to the US dollar, issued by the American fintech company Circle. Since its launch in 2018, the market size of USDC has expanded rapidly, becoming the world's second-largest stablecoin. Although the market has high confidence in USDC, a series of recent events have revealed its potential risks. On March 8th, the well-known crypto-friendly Silvergate Bank announced its liquidation, returning all deposits to it...

RecapStablecoins are arguably one of the most important Web3 building blocks, but over the past couple of months, regulators in major jurisdictions are taking aim at asset type, disrupting their issuance and threatening legal action against entities that support their circulation. This pressure, coupled with FUD-fuelled 'runs' has led to many major stablecoins losing market cap as investors rush to the exits. So what does the future hold for stablecoins? Will we still be able to rel...

RecapStablecoins are arguably one of the most important Web3 building blocks, but over the past couple of months, regulators in major jurisdictions are taking aim at asset type, disrupting their issuance and threatening legal action against entities that support their circulation. This pressure, coupled with FUD-fuelled 'runs' has led to many major stablecoins losing market cap as investors rush to the exits. So what does the future hold for stablecoins? Will we still be able to rel...