Alex Harutunian





THORChain, a cross-chain decentralized exchange, faced solvency issues caused by its DeFi services. Imbalances between deposits of bitcoin and other assets created a net short position for the protocol that worsened in the bull market. The protocol had to issue rescue tokens to cover the gap
Alex Harutunian
Despite PayPal’s dominant position in the payments business, its stablecoin project, PYUSD, has stalled. Numerous integrations have not managed to attract users. The company is now subsidizing the stablecoin’s yield on DeFi platforms. Can this become a standard feature of private money?
Alex Harutunian
The paper, "MiCAR's Influence on Stablecoins: Industry Insights and Implications," highlights inconsistencies and areas for improvement in the new law.
Alex HarutunianThe European crypto regulations concerning stablecoins has entered into force today.
Alex Harutunian
Together with Bitcoin issue contraction, we now have another data protocol on top of Bitcoin, that tries to extend the use of the number one blockchain. Like Ordinals and BRC-20 tokens, Runes protocol creates new digital assets by writing into the data storage of bitcoin tokens.
Alex Harutunian
A new currency for Zimbabwe plus the rest of the week's banking and CBDC news from Observers.
Alex Harutunian
For all the key details of new blockchain projects in the banking world, real-world asset (RWA) tokenization, stablecoins, and central bank digital currency (CBDC) updates, the Observers 'Banking and CBDC Roundup' has you covered. This week HSBC pushed the adoption of tokenized RWA forward by opening its gold
Alex Harutunian
Overcollaterized stablecoin project Kensetsu launches on SORA. The team proposes a "proof-of-burn" method for the sign-ups
Alex Harutunian