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Terra Luna is gearing up for its new chain launch, forking the old blockchain into a new chain without the UST stablecoin. Multiple exchanges already announced their support for the new chain, and CoinMarketCap updated Terra Luna to LUNC and added a new tracker for Terra 2.0. Final Post-attack Snapshot for Terra 2.0 Has Passed … Read more
As Bitcoin and Ethereum continue to trade sideways, with BTC holding above $29k and ETH struggling at $1,700, a Metaverse Crypto Coin called OpenWorld (OPEN) gained over 46% in the past week and over 11% in the past 24 hours. OpenWorld was recently added to the Metaverse category of CoinMarketCap, and with a $2.2 million … Read more
The digital currency exchange Huobi Global has revealed it has acquired Bitex, a Latin American crypto platform that operates in Argentina, Chile, Paraguay, and Uruguay. Huobi details that the company is stepping up its presence in Latin America as it believes the region will be one of the most active crypto adoption areas worldwide. Huobi … Read more
On May 25, seven blocks were reorganized on Ethereum’s Beacon chain at 8:55:23 a.m. (UTC) at block height 3,887,075 all the way to block 3,887,081. The reorganization was discovered by Martin Köppelmann who noted the “current attestation strategy of nodes should be reconsidered to hopefully result in a more stable chain.” Ethereum’s Beacon Chain Reorgs … Read more
After the UST depegging earlier this month, which caused LUNA to drop over 99% in price, the community behind the token passed a revival plan proposal that will fork the old chain, creating a new token and blockchain without the stablecoin. The new chain is scheduled to launch tomorrow, May 27th, and the old chain … Read more
The Sandbox (SAND) price is up over 12% today and up over 20% this week amid an announcement of an upcoming partnership between Elvis Presley Enterprises and web3 studio Run it Wild, where users in Sandbox’s Metaverse will be able to turn into Elvis characters and celebrate the icon in the virtual realm. The partnership … Read more
According to a recent announcement from the Terra blockchain team, the community voted and passed a proposal that plans to launch a new genesis version of the Terra blockchain without an algorithmic stablecoin. The governance proposal called “Terra Ecosystem Revival Plan 2” has been amended and the final release of the new Terra Core codebase … Read more
The Terra Luna 2.0 Revival Plan has officially passed with over 65% voting in favor of the vote, 20.98% voting to abstain, 0.33% voting no, and 13.20% voting no with veto. This means a new Terra chain will be created, and Luna will be airdropped across LUNA Classic stakers, holders, residual UST holders, and essential … Read more
Buenbit, an Argentinian cryptocurrency exchange, has announced a series of layoffs due to the downturn that traditional and crypto markets are currently facing. Buenbit’s co-founder and CEO, Federico Ogue, clarified that this move had nothing to do with the recent Terra ecosystem disaster and that from now on, the exchange would focus on keeping operations … Read more
One in every 10 households in six eurozone countries has acquired cryptocurrencies, the European Central Bank (ECB) has found with a new survey. While the richest are most likely to own crypto assets, poor families are not far behind, the poll indicates. Dutch Households Lead in Terms of Crypto Ownership, ECB Survey Shows Every tenth … Read more