BNB Chain offers another lifeline to Terra ecosystem projects
Binance’s BNB Chain will offer support to Terra ecosystem projects looking to migrate away from the ailing DeFi protocol. Go to Source Powered by WPeMatico
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Crypto giants co-launch Chainabuse platform to water down rising scams
Chainabuse allows crypto users, victims of financial crimes, and crypto businesses to report, discuss and issue warnings actively and ultimately reduce the effectiveness of the scam. Go to Source Powered by WPeMatico
CZ Says Binance Supports Proposal to Compensate LUNA Retail Users First
Binance’s Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a $3 million investment in Terra have not been sold or moved. Binance’s LUNA Tokens Not Sold After his exchange faced criticism for … Read more
Binance CEO CZ to support Terra community but expects more transparency
Pointing out the potential issues with forking Terra, CZ said that “Minting, forking, don’t create value.” Go to Source Powered by WPeMatico
Breaking: Binance suspends LUNA and UST trading amid issues on Terra blockchain
Binance suspended LUNA/BUSD and UST/BUSD on its spot trading platform following the halting of the Terra blockchain. Go to Source Powered by WPeMatico
Binance will delist LUNA/USDT contracts as price falls below 0.005
The major crypto exchange said on Thursday it would delist the trading pair if the price fell under 0.005 USDT, which has already happened. Go to Source Powered by WPeMatico
Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy
During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value against the U.S. dollar in 24 hours. Terrausd has slipped 67% lower than the $1 parity and … Read more
UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on whether it will fail or recover. … Read more
Binance takes legal action against fake billboard ads in Turkey
Trying to cash in on Binance’s popularity in the country, scammers in Turkey have been found to rent numerous billboards to advertise fake Binance-themed opportunities. Go to Source Powered by WPeMatico
Binance reportedly halts crypto derivatives service in Spain
Binance is expected to reintroduce the derivatives option only after receiving regulatory approval in the form of a guarantee certificate from the Bank of Spain. Go to Source Powered by WPeMatico