Blog - POWPOWER

05/23/20220 Comment

India’s Cryptocurrency Sector Needs ‘Peace’ and ‘Certainty’: CoinSwitch CEO

CoinSwitch CEO Ashish Singhal on Sunday called for clearer rules to resolve the regulatory uncertainty in India's cryptocurrency space.

05/23/20220 Comment

Do Kwon Isn’t Done Yet

Some saw it coming. In 2018, Cyrus Younessi, an analyst at crypto investment firm Scalar Capital, saw UST’s white paper and immediately warned his boss. The algorithm pegging Kwon’s stablecoin to the greenback, Younessi said, could one day fail and cause a “death spiral” if Terra’s ecosystem was drained of capital too…

05/17/20220 Comment

The collapse of UST triggers supervision, and many countries emphasize strengthening regulatory measures for DeFi and encryption

Since May 10, when the largest algorithmic stable coin, UST, was seriously de-anchored, and LUNA collapsed and fell into a death spiral, the entire crypto market was driven down, and the overall market was unstable. The chain reaction also attracted the attention of regulators from all over the world.

05/17/20220 Comment

Terra’s Demise: what to see from the rise and fall of UST

It started with a humble experimental stablecoin. But in the space of a year, Terra went from one of the best performing assets in this cycle to the most spectacular crash the major crypto asset has ever seen. The repercussions of its failure will reverberate across the industry for years…

05/16/20220 Comment

Popular proposals for “Terra Ecological Revival Plan”

On May 14, Terraform Labs co-founder Do Kwon presented a proposal to protect the Terra ecosystem. His proposal comes in response to validators discussing the possibility of forking the Terra chain, which involves compensating UST and LUNA holders who were unable to sell their holdings during last week’s price crash.

05/16/20220 Comment

7 things to look back at the craziest week in crypto history

Looking back on the development of cryptocurrency for more than ten years, everyone knows that a lot of crazy things have happened in this field, such as: Mt. Gox suffered a large-scale hack in 2014; American electric car giant Tesla $100 million in Bitcoin; Tesla CEO Elon Musk stands for…

05/14/20220 Comment

Why Luna is Down?（Comprehensive analysis）

On May 12, a terrifying cliff-like crash caused a massive "slaughter" in the currency circle. The protagonist of the event is the virtual currency Luna coin, a wealth password once known as "Motai(Star of China stock market) in the crypto circle" - its price used to be only $0.12, but…

05/12/20220 Comment

Is the Bottom In for Bitcoin? Market Sell Off Poised to Continue, Analysts Say

We haven't reached the bottom yet.

05/10/20220 Comment

iPollo G1 Grin Miner Profitability

The iPollo G1 profitability is among the top 15 ASIC miners with a daily profit of 21USD. The miner uses Cuckatoo 32 mining algorithm and 32 GPS mining power. Released in Dec 2022, this green miner uses 2800 W electricity power. The G1 miner has become popularized as the Grin…