Sonic unveils high-yield algorithmic stablecoin, reigniting Terra-Luna ‘PTSD’

The Sonic blockchain is working on the implementation of its yield-generating, algorithmic stablecoin despite fears over a potential collapse similar to the Terra-Luna meltdown that led to the industry’s longest crypto winter. Algorithmic stablecoins employ code-based mechanisms to ensure their price stability, as opposed to fiat stablecoins pegged directly to the value of the underlying…

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Why is Bitcoin price stuck?

Bitcoin (BTC) price has been oscillating inside the $82,400-85,300 range since March 14 as breakouts in both directions have been short-lived, as shown below. BTC/USD four-hour price chart. Source: TradingView Key factors behind Bitcoin’s flat price action include: Trade war fears offset pro-Bitcoin news Bitcoin’s price is stuck as bullish and bearish headlines are clashing,…

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Sonic unveils high-yield algorithmic stablecoin, reigniting Terra-Luna ‘PTSD’

The Sonic blockchain is working on the implementation of its yield-generating, algorithmic stablecoin despite fears over a potential collapse similar to the Terra-Luna meltdown that led to the industry’s longest crypto winter. Algorithmic stablecoins employ code-based mechanisms to ensure their price stability, as opposed to fiat stablecoins pegged directly to the value of the underlying…

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Rates are down since last weekend

Rates are down since last weekend

Mortgage interest rates have increased today, but there is good news: Rates are actually lower than last week. According to Zillow, the 30-year fixed mortgage rate has declined by eight basis points to 6.51% since last weekend. The 20-year fixed rate has plummeted by 20 basis points to 6.25%, and the 15-year fixed rate is…

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