Terra’s UST is now the third-largest stablecoin by market cap behind that of Tether’s USDT and Circle’s USDC despite the fact that its trading volume pales significantly against that of Binance USD (BUSD), according to data from CoinGecko. Per the data, UST’s market cap is now at $17.58 billion, which is slightly above that of…
The Monero community is driving support to withdraw XMR in a coordinated effort called “Monerun” on April 18 in response to “shady practices involving paper Monero,” by centralized exchanges (CEXs). The organizers point the finger at Binance, Huobi, and Poloniex expressly. They say metric data from these CEXs should be excluded from the crypto aggregator…
LunarCrush is launching a DeFi protocol called LunrFi for its users on April 13, which will allow its users to begin staking the native Lunr token for yields of up to 25% monthly. They said LunrFi will not affect Lunr’s tokenomics and its DeFi plans are going to have a positive impact on the ecosystem. LunarCrush…
Coinbase has announced that it’s considering listing new tokens on its platform, but that’s not the news; popular crypto guy Cobie discovered an Ethereum address that bought roughly $400,000 worth of the listed tokens 24 hours before the exchange’s announcement. Found an ETH address that bought hundreds of thousands of dollars of tokens exclusively featured in…
Input Output (IO) CEO Charles Hoskinson discussed Cardano’s challenges as its dApp ecosystem fills out during his latest live stream. Recent times have seen a backlash against the project over the slow rollout of dApps. But now, some seven months after smart contract functionality went live, Hoskinson said Cardano faces a new test — how…
Terra’s founder Do Kwon announced in March that the blockchain network will buy $10 billion worth of Bitcoin as a reserve for its algorithmic stablecoin, UST. The network has bought $1.6 billion worth of the flagship digital asset, so far, and reports have now emerged that it is expanding its reserve for UST to another…
$WAVES founder Sasha Ivanov posted a tweetstorm accusing Alameda Research of foul play on April 4. Ivanov claims the trading firm is behind an organized FUD campaign with the intent to induce panic selling. Get your popcorn ready: @AlamedaResearch manipulates $waves price and organizes FUD campaigns to trigger panic selling. I hope I caught your…
After enduring a rocky start to the year, Bitcoin’s price in recent weeks has made a startling resurgence which has culminated in the value of the asset reaching as high as $44.9k in the early trading hours of today. Since the asset climbed above the $40k level around last week, it has steadily maintained the…
The world of blockchain gets so many new projects that it’s easy to forget the ones that that fizzled out. Whereas every new “Ethereum killer” gets attention, as do disaster projects like HashOcean and BAS, it’s important to look back in time to some older projects (that means over 2 years plus, in crypto) that…
February has been a busy month at the crypto front. Many vital changes took place, which was easily missed by the community as the Russian invasion of Ukraine kept the headlines occupied. The war affected the customer sentiment index and caused minor but significant changes in the market, which lowered the Ethereum gas fees and…