These are the least ‘stable’ stablecoins not named TerraUSD
Some stablecoins have failed to deliver the dollar’s stability to crypto traders long before TerraUSD’s collapse. Go to Source Powered by WPeMatico
Terra
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Binance’s CZ says he is ‘skeptical’ about the Terra relaunch
Binance CEO CZ voices skepticism around the relaunch of the Terra blockchain and its new LUNA token following the latest fiasco. Go to Source Powered by WPeMatico
Cardano Spikes as Supporters Anticipate Vasil Hard Fork, Poll Shows ADA Expected to Hit $1 by the End of June
During the last seven days, the cryptocurrency cardano has increased in value by 17.3% against the U.S. dollar, as the community anticipates the upcoming Vasil hard fork, an upgrade that aims to improve the network’s throughput and enhance smart contract capabilities. Moreover, according to a poll involving 24,468 crypto enthusiasts, cardano is predicted to reach … Read more
Kraken CEO defends listing LUNA 2.0: ‘Bitcoin traders don’t pay the bills’
Kraken’s Jesse Powell came under fire for listing the second-generation LUNA; separately, he railed against TradeFi’s crypto exchange claims. Go to Source Powered by WPeMatico
LUNA 2 price jumps 90% ahead of big Binance airdrop
Overall, however, the price has tanked 56% since launching on the weekend at an opening price of $18.87. Go to Source Powered by WPeMatico
Rival blockchain projects angling for talent from Terra developers
At least three blockchains have publicly announced that their teams’ arms are open wide ready to accept any stray former Terra developers following the collapse of its ecosystem. Go to Source Powered by WPeMatico
Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish
The total crypto market capitalization recovered roughly 5%, but a variety of trading metrics show investors are skeptical about the rally being a trend change. Go to Source Powered by WPeMatico
South Korean authorities reportedly probe staff behind Terra
South Korean authorities are reportedly looking at the Terra crash to check for signs of intentional price manipulation and other issues. Go to Source Powered by WPeMatico
DAI Takes the Reigns as the Leading Decentralized Stablecoin by Market Capitalization
Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in existence today. Moreover, Makerdao has regained the decentralized finance (defi) protocol’s position as the top defi protocol in terms of total value locked (TVL). Makerdao’s DAI Regains the Top Decentralized Stablecoin Position This month, it’s quite … Read more
Desperate LUNA Investor Arrested, New Terra Network Announced, Davos Blockchain Talk, and More — Bitcoin.com News Week in Review
From a desperate investor’s ill-advised visit to Terra co-founder Do Kwon’s house resulting in an arrest, the announcement of a new Terra network, and blockchain talk at Davos, to predictions of U.S. economic collapse if inflation isn’t reigned in quickly, there’s no shortage of action-packed crypto stories this past week. Without further ado, this is … Read more
