reserves

Gate Web3 Startup Announces Exciting New Project Listing: Game Verse

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Time Stamp: October 19, 2023 7:20 AM - Modified On: October 19, 2023 - Published By:
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Oct 18th - Gate Web3 Startup, a pioneering platform for innovative blockchain projects, is thrilled to announce the listing of a new project: Game Verse.  The Game Verse airdrop commences on October 18, 2023, at 7:00 UTC and concludes on October 23, 2023, at 7:00 UTC.  Game Verse's latest offering, Sword and Magic World, is a free-to-play MMORPG designed to captivate players with its vast open-world experiences. The game finds its roots in the rich legacy of Game Verse, a trailblazing global GameFi and Metaverse platform. Founded by the stalwarts

Stablecoins Under Scrutiny

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Time Stamp: July 1, 2023 9:37 AM - Modified On: July 1, 2023 - Published By:
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Amidst the market’s recovery from the recent onslaught of SEC crackdowns, rumors swirl over the potential targeting of stablecoins in their crosshairs. Such a move could have profound implications for cryptocurrency prices, making it crucial to gauge the likelihood of this scenario and the approach regulators might adopt. The largest stablecoins by market cap are Tether’s USDT and Circle’s USDC. Both are pegged to the US dollar and backed by various assets, typically highly liquid instruments like US Treasury bills. In theory, when someone wants to buy stablecoins from an

Beyond the Dollar

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Time Stamp: April 27, 2023 6:35 AM - Modified On: April 27, 2023 - Published By:
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The global economy is at a crossroads with the US dollar’s future as the world reserve currency facing fresh challenges. For decades, the stability and dominance of the dollar have given the United States significant advantages in global trade, investment, and geopolitical influence. However, as emerging economies like China and India rise in prominence, their currencies are gaining traction in international transactions, challenging the dollar’s hegemony. China, in particular, has been busy over the past few months, actively promoting the Yuan and seeking to challenge US dominance in the global

Crypto Market Trends – BUSD Launched a Crypto Recovery Fund

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Time Stamp: April 26, 2023 7:14 AM - Modified On: April 26, 2023 - Published By:
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2023-4-6 The price volatility that has been experienced in the crypto sector since 2022 has shown the need for stablecoin issuers to hedge against their cryptocurrencies to avert potential disastrous eventualities such as implosions. Still, the market has a clear memory of the impact of the Terra USD crash on the crypto market in particular and the digital sector in general. This article discusses Binance’s initiative to introduce a recovery fund for its stablecoin Binance USD (BUSD). Binance to convert the recovery fund into a few cryptocurrencies Recently, Binance announced

Paribus. The Fragility of Finance.

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Time Stamp: March 25, 2023 7:30 AM - Modified On: March 25, 2023 - Published By:
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Despite a lot of turbulence in the markets this week the Federal Open Market Committee (FOMC) did exactly what was predicted. Jerome Powell carefully adjusted his language and reframed the narrative around his 25 basis point rate hike to try and calm the markets he had helped to damage. His forward guidance was only to expect further rate increases if inflation spirals out of control. He avoided taking any responsibility for the recent bank failures, claiming instead that the sector was stable and robust. In reality, the global financial system

XBO.com covers the bases FTX didn’t, all assets held 1:1 and always accessible to users

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Time Stamp: November 21, 2022 6:52 AM - Modified On: November 21, 2022 - Published By:
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XBO.com affirms its users come first by working on its Proof-of-Reserves protocol, promising crypto assets are safe at all time XBO.com, the cryptocurrency exchange making the benefits of crypto more accessible to everyone, reassures its users their funds are safe with the exchange, promising no mishandling of funds is possible. XBO.com is working on a proof-of-reserves protocol and is holding all assets of their users 1:1 in segregated accounts through its collaboration with Fireblocks, on its recently launched platform, which merges gaming-inspired UI and top security solutions to offer traders

A DeFi Drought Crisis

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Time Stamp: August 30, 2022 3:37 PM - Modified On: August 30, 2022 - Published By:
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Just when we thought it was safe to breathe a sigh of relief from all the crypto liquidity contagion, another one started to appear last week with BendDAO, an NFT borrowing, and lending platform. Due to structural faults in the way the protocol had been created there came a point when it was perched on the brink of insolvency. What we’ve witnessed over the past few months has been a clash between the overconfidence of some project founders and the realities of the emerging crypto market. It’s an unusual dynamic

The Evolution of AMMs

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Time Stamp: August 28, 2022 2:57 PM - Modified On: August 28, 2022 - Published By:
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The Complex History of the Future of Finance Author: Benny Attar Ever since the dawn of financial history, markets had to be made. Tracing back to 17th century spice trading where intermediaries bought and sold shares to offer investors higher liquidity, market making has evolved tremendously. Through equities, foreign exchange rates, and even physical assets, market makers today provide liquidity and are ready to buy any asset at publicly quoted prices. However, as time passes, financial markets evolve alongside it. The past several years, we’ve seen an incredible increase in