Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value #nft #crypto #bitcoin

2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports say that the Acala protocol was … Read moreAnother Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value #nft #crypto #bitcoin

Bitcoin Loses Critical Level Below $23,000, Bears Prepare For New Assault? #nft #crypto #bitcoin

Bitcoin has been slowly trending to the downside over this week. The first cryptocurrency by market cap seems to have lost momentum as uncertainty spills into the crypto market from legacy markets. At the time of writing, Bitcoin trades at $22,600 with a 4% loss in the last 24 hours and a 1.2% loss over … Read moreBitcoin Loses Critical Level Below $23,000, Bears Prepare For New Assault? #nft #crypto #bitcoin