Stablecoins Under Scrutiny; an Interview With Tezos’ Co-Founder

Cryptocurrency once again demonstrated that it isn’t immune to global market jitters, as prices of bitcoin, ether and other digital assets fell alongside U.S. stocks Monday. The price of bitcoin sank some 3% to around $30,700.

Bitcoin has long been portrayed as a hedge against uncertainty due to its scarcity, since its circulation is capped at 21 million. But fear over rising Covid-19 cases due to the Delta variant, which has spooked global markets, seems to have infected crypto, too.