Market Madhouse news updates “In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche”. Visit Market Madhouse website here or see the feed summary below.
- How they will back the PayPal Stablecoin (PYUSD)
I think PYUSD could be a gamechanger because hundreds of millions of PayPal users have access to it. There were 431 million active PayPal accounts in the second quarter of 2023, Statista estimates. The post How they will back the PayPal Stablecoin (PYUSD) appeared first on Market Mad House. Read more » - Is the Pax Dollar (USDP) the future of Cryptocurrency?
On 30 June 2023, backed Pax Dollar with Total Cash Deposits with a current market and notional position value of $195.798 million, Paxos reports. They kept around $185.5 million of that cash in FDIC insured placement networks (bank accounts) and $10.298 million of that cash in other deposits and insured… Read more » - Curve DAO (CRV) shows DeFi is Back in a Big Way
Thus, frustration with the financial system drives interest in DeFi, which generates new DeFi solutions. Frighteningly, this frustration often drives people to questionable solutions such as Worldcoin, worthless products like Hippocrat (HPO), and fraudsters, including Sam Bankman-Fried of FTX infamy. The post Curve DAO (CRV) shows DeFi is Back in a Big Way… Read more » - Worldcoin (WLD) is a Terrible Cryptocurrency
Moreover, there are allegations Worldcoin and WorldID are not secure. For example, BlockBeats and Gizmodo claim there is a black market for the Orb’s iris pictures.* The post Worldcoin (WLD) is a Terrible Cryptocurrency appeared first on Market Mad House. Read more » - Which Cryptocurrencies will the SEC destroy?
Hence, the SEC is targeting the fourth and 14th largest cryptocurrencies. Plus, an older SEC lawsuit targets XRP (XRP) the sixth largest cryptocurrency. XRP, the cryptocurrency formally known as Ripple, had a $27.317 billion Market Capitalization and a $1.197 billion 24-Hour Market Volume on 12 June 2023. The post Which Cryptocurrencies will… Read more » - The Mysterious USDK (USDK) Stablecoin
There is a mystery about the USDK (USDK) stablecoin. USDK was CoinMarketCap’s 514th ranked cryptocurrency on 1 June 2023. Yet, I can The post The Mysterious USDK (USDK) Stablecoin appeared first on Market Mad House. Read more » - Tornado Cash (TORN) shows why DeFi needs Regulation
I think Tornado Cash (TORN) shows why speculators should welcome the regulation of decentralized finance (DeFi) and cryptocurrency. Tornado Cash The post Tornado Cash (TORN) shows why DeFi needs Regulation appeared first on Market Mad House. Read more » - SEC declares Cryptocurrencies Securities
SEC attorneys argue many cryptocurrencies meet the criteria for securities from a US Supreme Court case called SEC v. W. J. Howey Co, BeinCrypto speculates. Hence, if federal judges agree with the SEC, many cryptocurrencies could become securities overnight. The post SEC declares Cryptocurrencies Securities appeared first on Market Mad House. Read more » - A Nation of Caregivers needs a Basic Income
This story shows America’s current caregiving regime is immoral. Our system punishes responsibility and rewards irresponsibility. Fortunately, most people are not irresponsible, which makes the system worse. America rewards an irresponsible minority while punishing the responsible majority. That is not how capitalism is supposed to work. The post A Nation… Read more » - The Best Real Estate Strategies
The difference between value-add and flipping is that value-add investors can either rent or sell the property. Value-add can be a low-cost alternative to development. The post The Best Real Estate Strategies appeared first on Market Mad House. Read more »
