xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
Subscribe to xuanling11
Subscribe to xuanling11
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
HUSD, or Huobi stablecoin, is collapsed.
https://twitter.com/UnidefTimes/status/1587057660410707969
https://twitter.com/MetaDaily_main/status/1587044008198823936
Apparently, another fake stablecoin with a fake accounting statement with assets they claimed to be pegged but did not.
https://twitter.com/CryptoWinne/status/1587005855915991040
To try to become a private central bank, you cannot issue currency as the actual central bank did without assets backing up.
Stablecoin needs assets backing and stable assets with cash on hand. If there are high-leverage financial instruments within the backing assets, stablecoin price tends to deviate. Higher the risk, the higher the deviation.
When the market is in bear, there is no way you can create asset value out of thin air and claim the stablecoin is pegged.
Sooner or later, the market will discover and sell the news.
Plus, the speculation on crypto makes the de-pegged more dramatic.
https://twitter.com/COIN360com/status/1587141574747721730
And that is, I think, what happened at HUSD.
Did you know you can earn crypto through Honeygain now? Jumptask has partnered with Honeygain to boost your passive income! You can earn more than a 50% bonus through crypto! Check out here for the announcement and join here to earn your $5!
Photo by Issy Bailey on Unsplash
HUSD, or Huobi stablecoin, is collapsed.
https://twitter.com/UnidefTimes/status/1587057660410707969
https://twitter.com/MetaDaily_main/status/1587044008198823936
Apparently, another fake stablecoin with a fake accounting statement with assets they claimed to be pegged but did not.
https://twitter.com/CryptoWinne/status/1587005855915991040
To try to become a private central bank, you cannot issue currency as the actual central bank did without assets backing up.
Stablecoin needs assets backing and stable assets with cash on hand. If there are high-leverage financial instruments within the backing assets, stablecoin price tends to deviate. Higher the risk, the higher the deviation.
When the market is in bear, there is no way you can create asset value out of thin air and claim the stablecoin is pegged.
Sooner or later, the market will discover and sell the news.
Plus, the speculation on crypto makes the de-pegged more dramatic.
https://twitter.com/COIN360com/status/1587141574747721730
And that is, I think, what happened at HUSD.
Did you know you can earn crypto through Honeygain now? Jumptask has partnered with Honeygain to boost your passive income! You can earn more than a 50% bonus through crypto! Check out here for the announcement and join here to earn your $5!
Photo by Issy Bailey on Unsplash
No activity yet