Quick take: The Terra blockchain has been halted by its team Terra Validators have decided to stop the Terra Chain to prevent governance attacks Such attacks have become cheaper given LUNA’s ongoing price drop and inflation Over 15 billion LUNA coins have been issued today Binance, Bybit, and Bitmex have delisted futures contracts related to …
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Quick take: US Treasury Secretary Yellen has stated that a Central Bank Digital Currency (CBDC) could diminish the proliferation of stablecoins She also mentioned that both could coexist as stablecoins could offer faster, efficient, and cheaper alternatives to a CBDC by the US Fed US Treasury Secretary Yellen has floated the idea that a Central …
Popular soccer NFT card game Sorare is launching a new NFT-based baseball fantasy game this summer. The new game will be launched soon in association with Major League Baseball. Sorare, which is the leading NFT soccer-based platform, is preparing to explore a new gaming genre by announcing its association with Major League Baseball (MLB) to …
Crypto.com suspends LUNA deposits and withdrawals Binance plans to update the leverage limit on the token’s perpetual contract ByBit also they will delist LUNA’s derivative contract on their platform Major digital currency exchange Crypto.com has reportedly halted support for LUNA trades on its platform. The news broke on Thursday following the massive price crash below …
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The Conservative Party of Canada held a leadership debate in Edmonton on May 11, with Bitcoin among the many topics discussed by the six hopefuls. Tackling the issue of finance, Pierre Poilievre said he would replace the current Bank of Canada Governor Tiff Macklem over his handling of the cost of living crisis if elected …
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Terraform Labs proposed to burn a total of $1.3 billion worth of UST to save LUNA to combat the current crisis. A three-step emergency plan was posted on the project’s Twitter account, which included proposal 1188 — to burn the remaining UST in the community pool and the cross-chain. 3/ TFL is also initiating three …
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The Chief Executive Officer of MicroStrategy and Bitcoin maximalist Michael Saylor has expressed excitement about the U.S. Financial Accounting Standards Board (FASB) decision to review rules for crypto. Congratulations to the #Bitcoin community. This morning, by unanimous vote of 7-0, the Financial Accounting Standards Board (FASB) agreed to add a project to review Accounting for …
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The crypto market is in turmoil, and many are looking to cash out of their stablecoins amid unprecedented volatility. After UST lost its peg earlier this week, USDT is now struggling to retain its dollar peg on several centralized exchanges. Tether claims that USDT can be redeemed at any time on tether.to for $1. However, …
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There’s no denying that the Web3 industry is slowly becoming mainstream. Cryptocurrencies, blockchain, NFTs, DeFi, and the metaverse have become household terms, and millions of people are expected to enter the crypto market in the coming year. To read the rest of this article, sign in or join CryptoSlate Edge. Get an Edge on the …
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Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new lows, slipping to $0.0156 per unit. Terra’s founder Do Kwon revealed a plan on Wednesday, but after …
The world’s largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In addition, crypto exchange Gemini has denied making a bitcoin loan that resulted in the terra collapse. Blackrock, Citadel Securities, Gemini Deny Rumors Following the collapse …
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Bitcoin fell below $30,000 for the second time this week, however today’s plunge saw prices fall to their lowest level since December 2020. BTC hit a low around $26,000 on Thursday, whilst ETH moved below $2,000 for the first time in over a year. Bitcoin Following a slight rally on Wednesday, BTC fell back into …
Tanzania is getting closer to launching a central bank digital currency (CBDC) which gives the country’s residents a “safe alternative,” the central bank governor has said. However, no date for the digital currency launch has been given. Growing Interest in Cryptocurrencies According to Florens Luoga, the governor of Tanzania’s central bank, his country is inching …
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The latest major funding round for crypto trading infrastructure firm Talos is raising $105 million from investors including banking giants Citi, BNY Mellon and Wells Fargo. In a new press release, the New York-based company says that global growth equity firm General Atlantic led the Series B funding round that brought Talos’ current value to …
Decentralized blockchain technology has been around for a relatively short period of time, in the grand scheme of things, but its decentralized nature has the power to keep data and information out of the hands of censors looking to create a “safe” and “faultless” version of history. Blockchain is permissionless and literally owned by no …
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