As the crypto community tries to navigate the bear market and recover from the onslaught brought about by stablecoin incidents like the Terra crash, another algorithmic stablecoin shows signs of struggle as it falls below its United States dollar peg. Algorithmic stablecoin Neutrino Dollar (USDN) has deviated from the dollar
In a sign of continued strength in the U.S. labor market, employers added 528,000 jobs to the economy in July, as reported speak Bureau of Labor Statistics (BLS) in his last non-agricultural payroll report. Payroll growth more than doubled analysts’ expectations of 250,000. With last month’s gains, the labor market
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What is Free Credit? Free credit is the practice of making it easier to get credit, either by relaxing lending standards or lowering interest rates for borrowing. Loose credit often refers to the policies of a country’s central bank, whether it seeks to increase the money supply through the banking
The founder of decentralized finance (DeFi) protocol Synthetix, Kain Warwick, has submitted a proposal that would turn off very high yield returns for SNX stakers and cap the total Synthetix (SNX) supply at 300 million. The Synthetix protocol allows traders to issue synthetic versions of crypto native assets, traditional financial assets,
What is a Debt Fund A debt fund is an investment pool, such as a mutual fund or an exchange-traded fund, in which the core holdings include fixed income investments. A debt fund can invest in short or long-term bonds, securitized products, Money Market instruments or floating rate debt. On
Nonfungible token- (NFT)-friendly rap icons Eminem and Snoop Dogg will be performing at MTV’s Video Music Awards (VMAs) together on Sunday in a performance inspired by the Otherside metaverse and Bored Ape Yacht Club (BAYC) NFTs. The Otherside is a collaboration project between Yuga Labs’ BAYC and NFT investment and
What is a Provisional Notice of Cancellation (PNOC)? A provisional notice of cancellation is a means by which a participant in a reinsurance treaty may notify the other participants of its intention to withdraw from the treaty. This type of notice is only used for continuing reinsurance contracts, that is,
XRP price saw a major spike on Aug. 26, hinting at a possible effect from some big traders. Large XRP transfers, Ripple Swell Global event Notably, XRP’s price jumped 6% to $0.37, a two-week high, during the early London hours. The token’s upside move occurred hours after its network processed