Quick take: Reasons for the rescheduled date were not specified. Terra’s LUNA airdrop rolls out with the first block on the new chain. Centralized exchanges like Binance and FTX announced how they plan to support the token airdrop. Another Terra proposal to cut out UST’s outstanding debt passed on Thursday. Terra’s plan to launch a …
Continue reading “Terra v2 Mainnet Launch And New LUNA Airdrop Delayed Till May 28”
Terra, the “algorithmic stablecoin” project whose downfall triggered a broad cryptocurrency market panic earlier this month, is being relaunched as “terra 2.0” in a last-ditch effort to recoup investor losses. Terra announced the specifics of a forthcoming airdrop of its new native token for its new blockchain, Terra 2.0, on Thursday. Accredited owners of TerraUSD …
Continue reading “Terra 2.0 Revival Plan Gets Support By Multiple Crypto Exchanges”
JPMorgan Chase & Co, a multinational investment bank, is apparently testing the use of its own private blockchain for collateral negotiations. JPMorgan’s two businesses transferred a tokenized version of Black Rock Inc. money market fund shares as a part of their trial transaction on May 20, according to a tabloid. A money market fund is …
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DEXs have gained traction due to the excitement around decentralized financial solutions (DeFi). The sudden quick switch to Uniswap, a decentralized exchange, has generated debate among the traders regarding the benefits and drawbacks of decentralized vs. centralized exchanges (CEX). Numerous blockchain enthusiasts anticipate that the customer base of decentralized exchanges will skyrocket in the next …
Joseph Lubin, the creator of ConsenSys, has stated that MetaMask will bring its own token and Decentralized Autonomous Organization. The new update for the MetaMask coin is still to be determined, with details regarding both the token and the DAO only recently being available. What will that involve, precisely? According to Joseph Lubin’s interview with …
Continue reading “Metamask DAO and Tokens: Expectations and Anticipations”
Avalanche has proposed a migration plan for the Yuga Labs Otherside metaverse project. Previously Yuga Labs had expressed interest in transferring Otherside to another blockchain following the skyrocketing gas fees on the Ethereum network during periods of increased network activity. Avalanche wants Otherside on its subnets The Avalanche layer two subnets offer several advantages ranging …
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A popular crypto analyst says altcoin bulls could be taking on huge amounts of risk as Bitcoin (BTC) continues to weigh down the market. In a new video, Jason Pizzino tells his 267,000 subscribers that current market conditions may not be favorable for long entries or trying to dollar-cost average (DCA). “We’re looking at a …
As the dust settles on the cataclysmic collapse of the Terra ecosystem, an on-chain deep-dive carried out by blockchain analytics firm Nansen highlights two major takeaways. The cryptocurrency ecosystem was awash with varying speculatory theories around the cause of Terra’s algorithmic stablecoin UST’s decoupling from its $1 peg. The who and why seemed a mystery …
Continue reading “Two key takeaways from Nansen’s UST stablecoin depeg report”
The tales of traders getting scammed out of their nonfungible tokens (NFTs) were quite common at the peak of the NFT boom. However, in an interesting turn of events, the Solana community came together to “scam” a scammer in order to get back some stolen NFTs. It all started with the Discord channel hack of …
Continue reading “Hacker tastes own medicine as community gets back stolen NFTs”
In another attempt to support the revival of Terra (LUNA), the community voted to burn a large amount of UST from its community pool. Earlier in May, Terra founder Do Kwon explained that a potential solution to the Terra debacle is to absorb the stablecoin supply. In response to this, users proposed the burning of …
Continue reading “Terra to burn 1B UST from the community pool as holders vote for it”
Lawmakers in the United States are moving to protect the country from the potential undesirable impacts of the global adoption of China’s national digital currency. Three Republican senators, Tom Cotton, Mike Braun and Marco Rubio, introduced a bill on May 25, aiming to limit the use of China’s central bank digital currency (CBDC) in the United States. …
Continue reading “Draft bill to ban China’s digital yuan from US app stores”
Non-fungible tokens (NFTs) have continued to witness widespread adoption. NFTs generated about $5.4 billion in profits through sales of tokens in 2021. Currently, the NFT market is worth more than $40 billion, and valuations keep rising. For savvy investors, we’ve compiled a list of the best NFT crypto to buy now. These top NFTs for …
Continue reading “5 Best NFT Crypto to Buy Now – May 2022 Week 4”
STEPN will stop serving all users in China to comply with the country’s policies on cryptocurrencies. The GMT token tanked following the news, dropping nearly 20% over the past 24 hours. Play-to-earn games and similar services are starting to get the attention of lawmakers. Web3 app STEPN has announced that it will ban all of …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Cybercriminals have changed tactics and are now targeting metaverse investors with phishing attacks. Sharing their stories, the victims of these attacks claim they believed their investments were solid, seeing as the metaverse combines blockchain and crypto technology. However, soon after purchasing …
Continue reading “Metaverse-related phishing attacks become the newest form of high-tech fraud”
