The International Monetary Fund (IMF) has recently released its new Global Financial Stability Report, in which the entire chapter was dedicated to the discussion about financial stability challenges posed by the accelerating crypto adoption. The report reiterated old warnings, focusing on the advent of crypto in developing economies, while addressing some of the new emerging…
Bloomberg published an article on Thursday rehashing ongoing concerns about Tether and its 1:1 reserves. Per Tether’s website, every USDT token issued is fully backed by reserves, containing a mixture of reserve assets. “Every Tether token is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time,…
First in a bigger series of dAppradar’s reports, which explore how value moves around after entering the blockchain industry, revealed that the amount of Bitcoin (BTC) sitting in centralized exchanges (CEX) is at its lowest point in 2021, while Wrapped Bitcoin (WBTC), the first ERC20 token backed 1:1 with Bitcoin, doubled since the start of…
The blockchain analytics platform Nansen has analyzed user activity on Binance Smart Chain (BSC) and revealed the most interesting trends in a new research report. Created as a “parallel blockchain” to Binance Chain, BSC delivered programmability and smart contracts to developers interested in launching their tokens on the network, ushering hundreds of projects, such as…