The Swiss-based crypto exchange, SwissBorg, has released a report on the risks surrounding Terra’s stablecoin, UST. The token is currently undergoing extreme volatility, trading at just $0.59 at writing. SwissBorg issued a risk warning to users on May 10 and paused withdrawals of UST on the same day, hours before Binance followed suit. The report…
Luna Foundation Guard (LFG) said on May 9 that it will lend out $1.5 billion worth of Bitcoin (BTC) and UST to defend the algorithmic stablecoin’s peg to the U.S. dollar. Terra’s UST suffered a coordinated attack on May 8, which led to de-pegging from its $1 mark to below $0.992. While the de-pegging lasted…
Italian high-end luxury fashion house Gucci is looking to add crypto as a payment option in some of its U.S. stores from late May, with plans to expand the pilot to all its North American stores by summer 2022. According to a May 4 report, Gucci will accept in-store crypto payments by emailing customers a…
The Neo blockchain has recently launched its latest update, Neo 3, which it refers to as “the most feature-complete blockchain platform. We spoke to Lili Zhao, Neo Ecosystem Growth and Global Development Director. They gave us insight into the misconception of Neo, the future of NFTs, and the vision for Neo. Asked what Neo means…
ApeCoin price continues to soar to new highs despite the generally mixed performance of the overall crypto market. The Bored Ape affiliated token reached a new all-time high of over $26.7 on April 28 on the back of the announcement of the upcoming Otherside land auction. The Otherside is coming The Otherside is a metaverse…
The Moonriver team has announced the Big Unlock event, where it will unlock 1.1 million Kusama (KSM) that was locked in the first batch of parachain crowd loans. The funds will be unlocked “around May 15,” when the lease period is expected to end. ❓ So what is “The Big Unlock”? Around May 15th, ***1.1…
Cardano founder Charles Hoskinson tweeted a link to the Hydra website on April 20. The website contains node installation instructions, a quick start guide, and demo content. Check out the Hydra Website: https://t.co/FXHwEtuoAK #HailHydra — Charles Hoskinson (@IOHK_Charles) April 20, 2022 Dubbed by Input Output (IO) as the “ultimate layer-2 scalability solution,” Hydra will improve…
EOS Network Foundation, or ENF, announced on April 21 that it has finished the work required to bring Ethereum Virtual Machine to the EOS network. The new virtual machine — dubbed Trust EVM — will run as a smart contract on the EOS blockchain. The EVM launch is part of a “new revitalization plan” for…
Ransomware attackers prefer to receive their ransom payment in a popular privacy token, Monero (XMR), due to its ability to obfuscate sending and receiving wallets, according to a report by blockchain analytics firm, CipherTrace. In the report titled Current Trends in Ransomware, the analytics firm highlighted the observable trends in ransomware attacks between 2020 and…
Dubbed the “next-gen DEX,” AdaSwap has high hopes of making a significant impact on the growing Cardano DeFi market. DeFi Llama currently shows ten DeFi projects listed for Cardano, of which four are inactive. To read the rest of this article, sign in or join CryptoSlate Edge. Get an Edge on the Crypto Asset Market…