Crypto

Goldman Sachs' global head of digital assets said that institutional demand for cryptocurrencies is increasing, and that the bank has been 'actively widening' its market capabilities to meet that demand.

'Keep in mind that your bitcoin losses cannot be credited against your pay or compensation,' stated ATO associate commissioner Tim Loh.

Coincryptous.com reported seven days ago that the Tron DAO Reserve has purchased $38 million in tron to protect the network's stablecoin USDD. The Tron DAO Reserve has continued to buy substantial amounts of digital assets to increase the project's reserves since then and following the terrausd (UST) de-pegging event. The organization has been adding stablecoins and bitcoin to the mix in addition to tron purchases.

'The same pattern has recently played out in crypto, only there's no substantial asset at the bottom of it like housing.'

Despite Terra's demise, the decentralized finance (defi) ecosystem continues to be illuminated by its own demise. Defi's entire worth has dropped from $231 billion to today's $112.29 billion, a loss of 51.38 percent in 42 days following Terra's aftermath.

The income disparity, technological stress, and overuse of jargon all contribute to a lack of financial and crypto literacy, which makes it difficult for the average person to understand cryptocurrency.

Ethereum 2.0, also known as Eth2 or Serenity, is an upgrade to the Ethereum network that promises significant improvements.

Stablecoins are expected to face greater regulation, according to a US Securities and Exchange Commission commissioner. Treasury Secretary Janet Yellen, on the other hand, says stablecoins are 'not a serious threat' to the country's financial stability right now.

The Terraform Labs CEO submitted a 'Revival Plan' on Friday that would redistribute network ownership.