openstandard

⚡ Launching a Suspicious Coin: More Than 140 Partners in the OUSD Project
💰 Company #OpenStandard announced the launch of the stablecoin OUSD on June 30, with more than 140 global partners, including Visa, Mastercard, Google, BlackRock, and Stripe.
📊 The idea of #OUSD is based on creating a stablecoin for individuals and companies for payments, where participants can issue and redeem OUSD without fees or restrictions, with reserve income distributed among partners.
🚨 But there’s a problem: some companies found out about their partnership through the news.
💼 Korean companies such as Samsung Electronics, Shanhhan for Financial Services, and Donamo, along with more than 10 other firms, said there had been no formal negotiations with them.
🗣 Samsung Electronics stated: "There were no official consultations, and we do not know what role we are supposed to play".
📨 Simply, Shanhhan and Donamo companies and K Bank received a message asking about their willingness to participate, replied cautiously, and then saw their names on a long list of partners in Open Standard.

🚨 INSTITUTIONAL ADOPTION 🚨

#Chainlink (#LINK ) has been officially selected as the official price oracle for #OpenStandard 's #OUSD ! 🔗🔥

This integration provides the critical pricing infrastructure for lending, #DEX s, and derivatives applications. 📊🚀

Chainlink continues to quietly build the backbone of the global financial rails! 🧠💎

#DeFi #Web3 #CryptoNews #Oracles #BlockchainInfrastructure

$LINK

🧠 Vitalik imagines an Ethereum that stops computing everything: specialized machines would execute and run proofs, while the network would verify and set the results. This is how his “worldwide cryptographic computer” would work.

What are Bitcoin malware and how do they work?

In 2017, in an Austrian hotel, guests were trapped in or out of their rooms when electronic locks were hijacked. The situation lasted until the administrators paid the ransom in bitcoin.

This is a Ransomware-of-Things case, one of the malware variants that exist in the cryptocurrency ecosystem.
Find out how to protect yourself in my post

📉 Analyst Henrik Zeberg warned that the current market replicates the conditions that preceded the 1929 crash. Three factors converge: a tech bubble, a weak economy, and the Fed raising rates.

🔹 JPMorgan estimated the average cost to produce 1 BTC at $85,000, which would be the "mining profitability threshold." Keeping that price would reduce forced miner sales.

🔹 Attackers from the Bitget exchange began hiding stolen zcash (ZEC) using the Ironwood privacy pool.

🔹 Open Standard has already put into circulation the dollar-pegged stablecoin Open USD (OUSD), available for payments and institutional operations.

#JPMorgan #Fed #VitalikButerin #OpenStandard #BTC $BTC $ETH $ZEC

Circle drops 8% when a new stablecoin competitor backed by Stripe, Coinbase, and BlackRock is announced

- The value of Circle, the company behind the stablecoin USDC, fell 8% after news about a new competing stablecoin network.
- The new network, named Open Standard, launched with the stablecoin Open USD (USD+).
- Notably, Open Standard has backing from industry giants such as Stripe, Coinbase, and BlackRock.
- The goal of Open USD is to let partners earn returns from reserves and eliminate minting fees, creating a model that directly competes with Circle’s USDC.
- This move is seen as a major challenge to Circle’s position in the stablecoin market.
#Stablecoin #USDC #Circle #OpenStandard #CryptoNews BinanceSquare

$usdc

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Source: CoinDesk