LUNA, UST Move Closer to Zero, as Do Kwon Asks Holders to ‘Stay Strong’
Do Kwon has urged holders of LUNA to “keep robust,” as the value strikes ever nearer to zero. Following the UST stablecoin dropping parity with...
US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco
As U.S. lawmakers push for the pressing regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn concerning the dangers...
Biggest Movers: LUNA Loses 50% of Its Value, While XMR and AXS Declines Continue
LUNA was down by over 50% in at present’s session as markets continued to react to UST dropping its parity with USD. As such merchants...
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $30,000, Is 55% Below Its Record High
Bitcoin plunged beneath $30,000 for the primary time in eleven months, as bears continued to run rampant in crypto markets. This transfer got here as...
UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation
On Monday, May 9, 2022, the stablecoin terrausd (UST) misplaced its parity with the U.S. greenback and dropped to an all-time low of $0.66 per...
Anchor Protocol’s Earn Rate Adjusts for the First Time, From 19.4 to 18% APY
Following the governance vote that aimed to implement a semi-dynamic earn price for the Anchor Protocol, the decentralized finance (defi) platform’s earn price adjusted downward...
3 Stablecoins Command Positions within the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to Joining
The final 5 weeks has been brutal for digital currencies as greater than 21% has been shaved off the crypto economic system’s fiat worth since...
Luna Foundation Acquires $1.4 Billion in Bitcoin, Decentralized Reserve Stash Rises to 80,394 BTC
According to a report printed on Thursday, the Luna Foundation Guard (LFG) defined that it acquired 37,863 bitcoin price greater than $1.4 billion by two...
Tron’s Justin Sun Reveals Decentralized Algorithmic Stablecoin USDD
On April 21, Justin Sun, the founding father of Tron, introduced the launch of a decentralized algorithmic stablecoin referred to as USDD. Sun stated on...
Terra’s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin
The algorithmic stablecoin stemming from the Terra (LUNA) community has change into the third-largest stablecoin token when it comes to market capitalization at $17.54 billion....