Hong Kong-based Chiron Partners launches $50M Terra fund
Terra’s native cryptocurrency, LUNA, has emerged as one of the best-performing digital assets of the past 11 months. Go to Source Powered by WPeMatico
Stablecoin
Auto Added by WPeMatico
$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells
During the last week of November, the stablecoin economy had crossed the $150 billion mark for the first time with tether and usd coin dominating the pack. In a mere ten days, the stablecoin economy gathered another $11 billion in value with origin dollar and terra usd swelling significantly during the last 30 days. $11 … Read more
House memo details Congress’ priorities ahead of crypto CEO hearing
The hearing on digital assets will involve discussions around four key aspects: crypto exchanges, stablecoin offerings, regulatory concerns in digital assets and federal regulatory responses. Go to Source Powered by WPeMatico
TerraUSD (UST) adoption backs LUNA’s ascension to a new all-time high
Cross-chain integrations and the growing popularity of Terra’s UST stablecoin are just a few of the factors behind LUNA’s recent rally to a new all-time high. Go to Source Powered by WPeMatico
Russia’s largest bank struggles to register its digital asset platform
State-owned bank Sber is trying to launch digital asset tools, but regulators remain skeptical about the industry. Go to Source Powered by WPeMatico
Blockchains need to move toward standards for interoperable asset transfers
A new emerging economy, which includes blockchain-native tokens, digital tokens, stablecoins and CBDCs, requires interoperable blockchain standards. Go to Source Powered by WPeMatico
Terra Tokenomics Lead to Market Surge, Bitcoin Reserve Hinted
The recent movements in the treasury of Terra, a decentralized financial payment network, which is now burning more than $4 billion worth of LUNA due to a governance proposal, have seemingly made the price of the asset rise to all-time high (ATH) levels. This rise has been also accompanied by new proposals to further cement … Read more
Regulatory fears put a damper on Ethereum traders’ $5,000 target
This week, ETH price came within 2% of a new all-time high before U.S. lawmakers announced a hearing to discuss stablecoins and the need for eventual regulation. Go to Source Powered by WPeMatico
MercadoLibre plans to accept BTC and cryptocurrencies as payment for all products
The Latin American e-commerce platform selected Brazil to kick-off crypto payments via its MercadoPago application. Go to Source Powered by WPeMatico
Bitcoin drops below $54K, stocks sell-off after new Covid variant emerges
Bears took control of BTC price after options markets flashed bearish signals, but should traders be worried? Go to Source Powered by WPeMatico