Terra Classic Votes to Halt USTC Minting; Community Eyes Future Re-Peg
Following a decisive vote by the Terra Classic neighborhood, an initiative to halt the creation of the beforehand termed stablecoin, terra usd (generally known as...
Terraform Labs Appoints New CEO While Co-Founder Remains in Jail
Terraform Labs appointed a brand new chief government officer following Do Kwon’s resignation on March 31, 2023. In a Wall Street Journal interview, the interim...
SEC’s Classification of So-Called Crypto Securities Amounts to $98 Billion in Combined Value
Throughout the final 12 months, the U.S. Securities and Exchange Commission (SEC) has recognized quite a few crypto belongings as securities in circumstances involving Binance,...
DAI Emerges as Third-Largest Stablecoin, Overtaking BUSD in Market Capitalization
Makerdao’s DAI stablecoin is now the third-largest stablecoin by market capitalization, surpassing Binance USD (BUSD), which has formally declined to $4.304 billion. DAI’s market valuation...
Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%
Almost 12 months again, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. greenback, inflicting the Terra ecosystem to crumble shortly thereafter. At...
Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity
It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. greenback and the value has remained depegged from the dollar...
While Its Lost 94% in Value Since the Collapse, Terra’s Fractured Ecosystem Is Still Worth $2.5 Billion
It’s been 5 months because the Terra ecosystem collapsed as tens of billions of {dollars} in worth disappeared from the crypto financial system in a...
LUNA 2.0 Token Jumps 200% Higher Against the US Dollar in 24 Hours
While digital currencies jumped in worth throughout the early morning buying and selling periods on Friday (ET), the brand new Terra token, LUNA 2.0, jumped...
Silver Supply Crunch Predictions, FDIC Issues Cease and Desist Order to FTX US, and More — Bitcoin.com News Week in Review
Morgan Report founder David Morgan foresees a provide crunch for silver, and says that in ten years’ time, it is going to be among the...
Terra’s 2 Classic Coins Mysteriously Spike in Value, USTC Climbs 42% Higher in 24 Hours
During the final 24 hours, crypto asset costs have improved as the worldwide cryptocurrency market capitalization right this moment has risen 1.9% to $1.07 trillion....