دنیا کا پہلا بڑے پیمانے پر کرپٹو بینک چلانا

جون 18، 2021by مارک مرڈاک

18 جون، 2021 / Unchained Daily / Laura Shin

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ڈیلی بٹس ✍️✍️✍️

• بربش سیکورٹیز شامل ہو گئے the Paxos Settlement Service, which settles US securities using blockchain tech
• NFT رئیل اسٹیٹ sold for $913K ڈی سینٹرا لینڈ میں
• The Bitcoin Mining Council میزبانی کی its first meeting yesterday
• The National Republican Congressional Committee is partnering with BitPay to accept donations in cryptocurrency (Axios)
• ورلڈ بینک انکار کر دیا El Salvador’s request for assistance in making Bitcoin legal tender
• Circle is partnering with Maps.me to provide users stablecoin صلاحیت 
• TRM Labs, a blockchain analytics firm, $14M سیریز A جمع کیا۔

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آپ کا کیا مطلب ہے؟

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Poppin' کیا ہے؟

According to data from Coin Gecko, IRON Titanium Token (TITAN) crashed from $60 to just a sliver above $0 in less than 24 hours on Wednesday. 

TITAN is linked to the IRON Finance project, which mints so-called stablecoins by locking in a combination of 25% TITAN and 75% USDC. CoinDesk reported that QUOTE “when new IRON stablecoins are minted, the demand for TITAN increases, driving up its price. Conversely, when the price of TITAN falls dramatically, as was the case on Wednesday evening, the peg becomes unstable.” 

In a post-mortem blog post, Iron Finance بیان کیا the event as “the world’s first large-scale crypto bank run.” 

As ٹائٹن began freefalling from $60, so did the pegged value of لوہ, falling to under 70 cents  as a bank run was initiated on TITAN, creating, as Fred Schebesta, founder of Finder.com.au and an Iron Finance investor, told CoinDesk, “a crypto vortex of money.” Iron Finance explained this vortex as a “negative feedback loop” and “the worst thing that could happen to the protocol,” where panic selling led to more TITAN creation which drove TITAN prices down, which caused more panic… 

For context, at one point, Iron Finance had $2+ billion in value locked into the network. That number has dropped to 238 ڈالر ڈالر پریس ٹائم کے طور پر

TITAN and IRON Finance were available on Polygon and Binance Smart Chain. Mark Cuban, billionaire investor and avid DeFi user, recently admitted to being a liquidity provider on Quickswap, an automated market maker native to Polygon, for the DAI/TITAN trading pair (in a blog post on DeFi that I recommend in my daily newsletter earlier this week). 

In response to a tweet referencing the TITAN crash as a rug pull, Cuban جواب that he “got hit like everyone else.”

Later, in an ای میل to Bloomberg, he called for regulation in the industry “to define what a stable coin is, and what collateralization is acceptable.” 

Preston Byrne, partner at Anderson Kill, tweeted back at him: 

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تجویز کردہ پڑھیں

• While TITAN and IRON unequivocally failed as a stablecoin, Messari’s Ryan Watkin’s believes that all algo stablecoins are not minted equally:

• Yuan Han Li, a researcher at Blockchain Captial, on his recommendations and guidance for DAOs regarding treasuries and balance sheets:

• Larry Cermak, director of research at The Block, tweeted a quality brain dump on the state of crypto:

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پوڈ پر…

آپ اسے یہاں خرید سکتے ہیں: http://bit.ly/cryptopians