[ad_1] Ethereum’s co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after a market rout which wiped more than $800 billion off their value. “I would hope that people pay more attention to what is belying the currency name when they get involved in a community, ecosystem, […]
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[ad_1] The stunning fall of the Terra stablecoin made the overall crypto market unstable, wiping out more than $200 billion in the space. The value of Luna Terra plunged about 80 per cent, making the coins now almost worthless. It should be noted that stablecoins work on the supply and demand game. Any stable coin […]
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[ad_1] The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Bitcoin’s limited history isn’t much of a guide on crypto […]
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[ad_1] Terra-Luna coins have been blacklisted by several crypto exchanges, including Binance and Coinbase after the staggering loss investors faced when the supply-demand ratio of the algorithmically designed stablecoins broke. Do Kwon, CEO and co-founder of Terra Labs has finally spoken on the crash of Terra-Luna stablecoins. The CEO is looking for a revival plan […]
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[ad_1] Despite regulatory challenges in India, Binance, the world’s largest cryptocurrency exchange, is bullish on the country’s crypto future. This comes at a time when Indian investors are subjected to a flat 30 per cent tax on their crypto investment, albeit without any regulatory framework. “Blockchain startups are what garnered the attention of Binance and […]
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[ad_1] European Central Bank President Christine Lagarde said crypto-currencies are “based on nothing” and should be regulated to steer people away from speculating on them with their life savings. Lagarde told Dutch television that she’s concerned about people “who have no understanding of the risks, who will lose it all and who will be terribly […]
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[ad_1] A free bitcoin pizza stall and a “Liquidity Lounge” were among the treats on offer for attendees at this year’s meeting in Davos, where blockchain and cryptocurrency firms have taken over its main street, despite a recent crash in digital coin values. Executives from the crypto sector have descended on the annual gathering of […]
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[ad_1] Algorithmically designed Stablecoins Luna and Terra were not always wrecked coins. In December last year, they emerged as a ‘golden investment’ where 1 Luna was worth over $116. Remember, 1 stablecoin is pegged as $1. Luna’s popularity was due to a lending program called Anchor, which promised annual percentage yields (APY) of almost 20 […]
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[ad_1] Coinbase, the largest cryptocurrency exchange in the United States, is launching a global think tank to shape the policy debate around digital assets as regulators and Congress explore how crypto assets should be governed. The Coinbase Institute will accelerate research on cryptocurrency and Web3 — a decentralized version of the internet — and spearhead […]
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[ad_1] El Salvador’s big bet on bitcoin, which the Central American nation has been buying since September, has soured in recent weeks as a cryptocurrency rout shaved over a third of the value of the government’s holdings, Reuters calculations show. Under populist President Nayib Bukele, a vocal cheerleader for the currency, El Salvador went all-in […]
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