The Terra LUNA token and the UST stablecoin collapsed earlier this month, leading to Terraform Labs proposing the creation of a new blockchain. This new blockchain dubbed Terra 2.0 was launched on May 28, and the launch was accompanied by token airdrops. Terra 2.0 goes live The proposal to create a new Luna blockchain was …
Continue reading “Terra 2.0 launches as old LUNA and UST holders receive airdrops”
SkyBridge Capital founder Anthony Scaramucci is unveiling what he believes will be the catalyst that brings the crypto markets back to life. In a new interview with CNBC, the hedge fund veteran says that despite the crash of Terra (LUNA) that wiped out tens of billions of dollars in wealth, investors continue to show interest …
Ripple (XRP) has announced a $100 million investment in the carbon trading segment, CEO Brad Garlinghouse told Cointelegraph’s Joseph Hall in an interview on the sidelines of the World Economic Forum (WEF) Annual Meeting, which concluded on Thursday. Garlinghouse noted the rising profile of cryptocurrency at the international summit, comparing his experiences over the last …
According to local news outlet Shanghai Securities News, the city of Shenzhen will airdrop 30 million digital Chinese yuan (e-CNY) to local residents in an attempt to revitalize consumer spending. The airdrop is a joint effort between the city of Shenzhen and Meituan Dianping, China’s leading food delivery app. As per instructions, users would need …
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Generating a yield on crypto is increasingly tricky. The Terra ecosystem implosion — where up to $50 billion was wiped out — led to a decline in decentralized finance (DeFi) protocols offering interest. At the other end of the table, centralized finance, or CeFi, where all processes are rooted through a central body, has endured a comparatively …
Continue reading “CeFi interest on the wane: Will BlockFi, Ledn and Nexo rates trend lower?”
One of the world’s biggest cryptocurrency exchanges, Binance, strengthened its European presence by obtaining registration and regulatory approval in Italy. A Binance company had previously registered to operate in France at the beginning of May. On Friday, the exchange’s official blog reported that Binance Italy has received regulatory approval in the country through registration as …
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Bitcoin price struggles to hold $30k as buyers retreat. Terra set for a new blockchain launch and LUNA airdrop. ETC benefits from Ethereum woes. BTC Bitcoin was lower for a record ninth-straight week as buyers retreat from the cryptocurrency space after the recent turmoil. BTC Price index BTC also missed out on a strong rally …
Continue reading “Bitcoin Lower for a Record Ninth-Straight Week, LUNA, ETC, CBDC, May. 30”
The United States Securities and Exchange Commission (SEC) has rejected another application for a Bitcoin exchange-traded fund (ETF). The recently rejected application was for the One River Carbon Neutral Bitcoin Trust. SEC rejects One River Carbon Neutral Bitcoin Trust The SEC recently denied a rule change for trading and listing the shares of the One …
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The cryptocurrency markets are currently in a bearish state. While the current state has deterred some investors from participating in the market, industry experts believe this phase opened up opportunities for future investors. Bear markets are good for growth During an interview with CNBC, the co-founder of Polygon (MATIC), Mihailo Bjelic, said that the current …
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Summary: Earlier this month, the Luna Foundation Guard drained its 80k Bitcoin reserves to save UST’s peg. According to Glassnode, the Bitcoin sold to save UST’s peg likely ended up being bought by small-time BTC whales owning less than 100 coins. The Luna Foundation Guard now holds 313 Bitcoin, down from 80,394 BTC declared on …
Quick take: Total value locked on Tron grew over 40% in the last 30 days. It’s now the third-largest DeFi protocol with $5.92 billion in TVL. Other DeFi chains plummeted in contrast to the Justin Sun-founded blockchain. Major competitors like Avalance and Solana dipped more than 30% in TVL over the last month. Only Ethereum …
Continue reading “Tron’s TVL Rises By 40% On The Back USDD Algorithmic Stablecoin Hopes”
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Cardano founder Charles Hoskinson led a delegation to Washington DC last week to sound out incoming U.S. legislation. The team met with influential bodies and groups, including the Commodity Futures Trading Commission (CFTC,) to “get a better sense of where things …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! In the quest for answers pertaining to the collapse of the Terra ecosystem earlier this month, South Korean authorities are now summoning all employees of Terraform Labs, which developed Luna Classic (LUNC) and TerraUSD (UST). According to a local news report, …
Continue reading “Terraform employees under probe for UST collapse in South Korea”
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Peter Wall, the CEO of leading crypto mining company Argo, told CNBC in an interview on May 30 that Bitcoin (BTC) is “gold 2.0” and will eventually become a hedge against inflation, even if it doesn’t seem like it at the …
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Three Chinese provinces have announced plans to disburse roughly 90 million yuan among citizens in the form of digital yuan (e-CNY) in “red packets” to restart the country’s economy following multiple Covid-19 lockdowns, according to local media reports. Red packets are …
Continue reading “China to gift citizens 90M digital yuan via lottery to restart economy”
