Page 4 - Sid Powell News Today

Good Day Atlanta viewer information for August 1, 2022

As Celsius Networks halt withdrawals and some other transactions on its platform.

A company based in Seoul plans to buy $10 billion worth of bitcoin to back its own Stablecoin.

Aiming to create Bitcoin as the reserve currency crypto platforms pledges to amass $10 billion to back its 'stabecoin'

A crypto platform's pledge to amass $10 billion worth of bitcoin to back its own "stablecoin" is firing up the market. It's part of a wider movement to crown bitcoin as the reserve currency of a new age.

A stablecoin backed by Bitcoin reserves may "open a new monetary era of the Bitcoin standard", one expert said.

Airtree, DACM and Chainlink are among the investors in DeFi developer Mycelium’s latest decentralised autonomous organisation.

Crypto entrepreneurs are begging for the regulatory and legal certainty required for banks and investment managers to connect blockchain-based technologies with the traditional financial system. 

Synthetix founder Kain Warwick says the ethereum price could triple this year on the back of increased demand for DeFi as scalability problems are solved.

We hung out with some local DeFi developers to look through the hype to determine the impact decentralised technologies may have on the financial system.