Meanwhile, top banks like JPMorgan Chase are evaluating blockchain as a cheaper way to settle transactions. Silvergate bank changed course, focusing on the digital currency industy. According to this theory, UST’s ruinous fall—which started on Monday and spiraled into a catastrophe on Wednesday—was precipitated by a large entity dumping billions of UST on the market, shattering its peg. Another, simpler explanation is that UST was just not sustainable, and this was always going to happen as soon as the market's sentiment changed.
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Japan Asks Crypto Exchanges To Stop Russian Transactions
Cryptocurrency entered mainstream consciousness in a big way during the pandemic, when people were bored, frightened, and lonely. What did not enter the mainstream was the mindset of the so-called Bitcoin maximalist. Bitcoin maxis do not want to talk about cryptocurrencies or