Describing the Terra LUNA ecosystem as a shallow concept, Binance CEO Changpeng Zhao on Friday further spoke about the crash. He said there are ‘no great solutions’ that can please everyone who were affected by the meltdown. CZ said Terra’s growth was …
Ethereum layer 2 deposits are now live on Binance, post completion of the optimism network integration. The key highlight includes the direct deposit of ETH to layer 2 without the use of the mainnet. Ethereum continues to dip despite major announcement…
On May 12th, the ongoing correction in Avalanche(AVAX) price marked a new low of $23 and managed a daily candle closing above $30. Furthermore, the resulting lower price rejection indicated the demand pressure from below and halts charging bears. Moreo…
Memetokens, the biggest highlight of the 2021 Crypto pump, have failed to gain momentum this year. The Global Crypto market saw a slight recovery amid highly volatile conditions. The total crypto valuation rose by 3.44% over the last day. Metaverse and…
The crypto market crash last week has vastly shaken the crypto industry, with volatility witnessed in stablecoins too. The de-peg of TerraUSD (UST) and a brief decline in Tether (USDT) saw redemptions of more than $30 billion in top stablecoins in a we…
After suffering brief resistance from traders following the Terra ecosystem meltdown recently, the USDD stablecoin appears to be regaining steadily. Adding to this trend is increasing market expansion for the Tron-backed stablecoin. Just few days befor…
Lido, one of the largest Ethereum-based DeFi protocols, opened a community debate on whether to support Terra after its hard fork. A community proposal endorsed by the main Lido team presents four scenarios for users with regards to supporting Terra, a…
Sandbox (SAND), the native token to the namesake metaverse, jumped over 16% after Coinbase said it intends to list the token. The move is expected to benefit SAND, given that Coinbase is the largest exchange in the United States. The exchange made the …
In a major boost for crypto adoption, LVMH-owned Swiss watchmaker TAG Heuer, and online marketplace Shopify now accept crypto payments. The move comes just days after luxury brand Gucci also began accepting crypto payments in the United States. The pus…
A key part of Terra’s recovery plan is the removal of Do Kwon’s Terraform Labs and making the blockchain completely community-owned. But this aspect of the plan may have been premediated. An old interview of Kwon, which resurfaced recently,…
