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Liquid Network
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Commentary resurfaces on why central banks worldwide remain tied to the US dollar despite ongoing talk of de-dollarisation and diversifying reserves into other currencies. The piece argues the dollar's deep liquidity, network effects and lack of a viable alternative keep it dominant in global reserves and trade settlement. Analysts continue to debate whether the greenback's share of global reserves will erode in the coming years.
- 2THORChain Grapples With Governance Issues After Bitget Security Breach●THORChain Faces Governance Dilemmas After Bitget's Major Security Breach
THORChain, the decentralized liquidity network, is facing internal governance dilemmas in the aftermath of a major security breach at the cryptocurrency exchange Bitget. The incident has intensified debate over how decentralized protocols should respond to exchange hacks and manage their own decision-making processes. Commentators are weighing the implications for cross-chain finance and whether THORChain's governance structure is equipped to handle fallout from external security failures.
- 3Coldcard and Liquid Network Hacks Called Worst in Bitcoin History●Why the Coldcard and Liquid Network Hacks Were the Worst in Bitcoin's History https://gizmodo.com/why-the-coldcard-and-l
Gizmodo argues that the recent hacks of Coldcard, a hardware wallet maker, and the Liquid Network, a Bitcoin sidechain, stand out as the most damaging security breaches in Bitcoin's history. The piece examines how the incidents undermined trust in products marketed as secure and what they reveal about gaps in crypto security practices.