Terra (LUNA) 2.0 relaunches according to Do Kwon’s revival plan
The Terra 2.0 mainnet (Phoenix-1) went live today as per the original timeline set by Terra developers and started producing blocks. Go to Source Powered by WPeMatico
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Bitcoin price stuck below $29K as Terra LUNA comes back from the dead
The launch of the new LUNA mainnet comes as problems persist for other well-known altcoins. Go to Source Powered by WPeMatico
Finance Redefined: Uniswap breaches $1T volume, WEF 2022 discussion on Terra, and more
The past week in DeFi saw Uniswap breach $1 trillion trading volume, while WEF 2022 saw Terra at the center of most crypto and DeFi discussions. Go to Source Powered by WPeMatico
3 reasons why Bitcoin is regaining its crypto market dominance
Hint: Many altcoins—not just LUNA—are down over 80% from their all-time highs in 2022. Go to Source Powered by WPeMatico
Two key takeaways from Nansen’s UST stablecoin depeg report
Blockchain analysis firm Nansen identifies two major takeaways following Terra’s UST algorithmic stablecoin collapse. Go to Source Powered by WPeMatico
Exchanges back ‘Terra 2.0 revival plan’ via airdrops, listing, buyback and burning
MEXC Global has pledged to do a month-long buyback and burning to reduce the circulating supply of the old Terra markets. Go to Source Powered by WPeMatico
IMF Chief Begs Investors Not to Shun All Crypto After the Collapse of LUNA, UST
The managing director of the International Monetary Fund (IMF) reportedly said that investors should not completely pull out of crypto after the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). IMF Chief Has a Message for Crypto Investors After the Collapse of LUNA, UST Kristalina Georgieva, the managing director of the International Monetary Fund … Read more
Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote
While the FSS’ standardization effort is still in its early stages, it is expected that once a legal framework for virtual assets has been established, a uniform evaluation system will be put in place. Go to Source Powered by WPeMatico
Bitcoin price bottom signals flash as ‘fear and greed’ index matches March 2020 lows
On-chain indicators focusing on Bitcoin’s fair valuation and long-term holders’ sentiment also raise its prospects of bottoming out. Go to Source Powered by WPeMatico
Bitcoin ‘finally’ due for $32.8K as long-term BTC price metric flashes overvalued
An uptick to two-week highs is on the cards but longer timeframes still trouble Bitcoin analysis. Go to Source Powered by WPeMatico