Winston Churchill’s statement to “never let a crisis go to waste” can be applied across many aspects of society, including the recent carnage seen in the crypto market. Last week’s volatility is...
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Live Tech News Updates.
Another algorithmic stablecoin, DEI, loses peg
Another algorithmic stablecoin from Deus Finance, DEI, fell to as low as 54 cents on Monday, continuing what has been a tumultuous week for stablecoins. The stableocoin first lost its peg against the ...
Lucky Block Announces a One-of-a-Kind Daily Jackpot Prize
Lucky Block (LBLOCK), a decentralised games network powered by blockchain, will launch much-anticipated free jackpot prize draws this month. The draws will have several unique features that will diffe...
Spotify Says Testing New Feature to Allow Artists Promote NFTs
Spotify announced on Monday that it is testing a new feature that will allow artists to promote their non-fungible tokens (NFTs) on their profiles. The Swedish audio streaming and media services provi...
Solana [SOL] is holding above $50 after the Terra debacle, but this could happen next
It’s been a rough couple of weeks for the Solana [SOL] token that has been dealing with some new crypto assets as market cap neighbors after Terra [LUNA] and TerraUSD [UST] crashed down the rankings. ...
Jewel chooses ERC-3643 and Tokeny platform to issue stablecoins on Polygon » CryptoNinjas
Jewel, a Bermuda-based digital asset banking platform, announced today a partnership with Tokeny, a blockchain-asset compliance infrastructure provider. Through the partnership, Jewel will power real-...
Careful with Your Discord Server
Origin Protocol’s co-founder Josh Fraser pointed out some of the popular platform’s vulnerabilities Ever since its founding in 2015 as a tool for connecting and communicating with other gamers, Discor...
McDonald’s Unveils Plans to Sell Its Russian Business amid Growing Sanctions
McDonald’s Russian business took a good footing in the country around the time when the Soviet Union was falling apart. American multinational fast food corporation, McDonald’s Corp (NYSE: MCD) has an...
Terra ecosystem to vote on a fork to create Luna Classic and Luna Core
Luna Foundation Guard CEO, Do Kwon, has released a new proposal entitled “Terra Ecosystem Revival Plan 2.” In it, he has outlined an updated version of his original plan, which described forking the c...
Binance CEO Says Exchange Never Sold Its 15.4M LUNA—Now Worth Just $2,461
Binance CEO Changpeng Zhao said Monday that the cryptocurrency exchange never sold the 15.4 million LUNA it received in return for a $3 million investment made in the Terra ecosystem in 2018. Binance’...
Why The Sandbox land sales will have little to no effect on SAND’s recovery
Most of the DeFi tokens in the crypto space earn their value from the function and success of the protocol they stem from. Naturally, any change in the protocol’s ecosystem is bound to have a ripple e...
MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security
Its been a rough couple of weeks for the cryptocurrency market. Bitcoin (BTC) price is nowhere near the price estimates of most analysts, multiple stablecoins lost their peg and the demise of one of t...
Stronghold Digital Beats Q1 Revenue Estimates, but Misses on Earnings
“Stronghold believes its liquidity position, combined with expected operating cash flow, will be sufficient to meet all existing commitments and fund operations,” the company said in a statement. “The...
German Financial Supervisor Issues Stark Warning About DeFi
Alex Dovbnya BaFin wants to introduce regulations for the DeFi sector in order to prevent protocols from ripping off investors German financial watchdog BaFin has called for regulating the decentraliz...
Do Kwon Officially Proposes Hard Forking Terra to Revive Ecosystem
Terra co-founder Do Kwon has unveiled a detailed plan to hard fork Terra and revive the network’s ecosystem. It will involve abandoning its algorithmic stablecoin, and launching a new cryptocurrency t...
Do Kwon proposes Terra hard fork to save ecosystem
On Monday, Do Kwon, co-founder of the troubled Terra Luna blockchain, announced a revised plan to restore the ecosystem after a combination of significant market volatility and inherent protocol desig...
Algorithmic Stablecoin From DEUS Finance Loses Dollar Peg, Plunging 30%
DEI, a hybrid algorithmic stablecoin from the DeFi protocol DEUS Finance, lost its dollar peg on Sunday, according to data from CoinMarketCap. The DEI stablecoin currently trades at $0.66 after recov...
After Terra’s UST, This Stablecoin Loses it’s Peg.What’s The Future Of Stablecoins? – Coinpedia – Fintech & Cryptocurreny News Media
The crypto economy was under complete volatility for the past few weeks, but the space faced had the worst one after one of the largest stablecoins, TerraUSD (UST) de-pegged from its $1 value. After U...
Grayscale Debuts First European ETF
Grayscale Investments has announced the launch of its first exchange-traded fund (ETF) product in the European Economic Area. According to a press release published by the firm, the new ETF product is...
Global Watchdogs to Regulate Stablecoins Following TerraUSD (UST) Fiasco
The catastrophic failure of Terra’s algorithmic stablecoin, TerraUSD (UST), last week exacerbated the chaos in the crypto industry and accelerated plans to regulate the stablecoins market. Following t...
Cyptopunks: Despite 560% spike in sales volumes, why’s there fear in the air
In March, Yuga Labs, the creators of the Bored Ape Yacht Club announced the acquisition of CryptoPunks. CryptoPunks have captured plenty of attention- thanks to endorsements from celebrities and athle...
LUNA Founder Faces Community Backlash Over LUNA Revival Plan; Here’s Why DoKwon Facing Community Wrath Over IUNA Revival Plan
Many crypto giants including Binance CEO, CZ had earlier expressed their disapproval over the Terra forking plan. Do Kwon has however decided to take the lone path by putting forward a proposal for th...
Dogecoin “Proof of Assets” to Arrive on Binance: Details
Tomiwabold Olajide Dogecoin remains one of the most used smart contracts among the top 1,000 BSC whales in the last 24 hours According to DogeDesigner, a UX/UI specialist and graphic designer at Dogec...
Fantom-based DEI Stablecoin Loses Peg to Dollar, Falls 34% in Last 7 Days
33 mins ago | 2 mins read Editors News The lack of liquidity was attributed in part to traders fleeing stablecoin pools. DEI’s price was $0.67 yesterday, down 31.9 percent in the last 24 hours. Stable...
Luna Foundation Guard Allegedly Gave Whales ($2.7 Billion) Exit Door Before Collapse
Following the cataclysmic meltdown of the Terra ecosystem last week, the Luna Foundation Guard (LFG) has been accused of bailing out UST whales with its bitcoin trove before the project came crashing ...
Traditional Finance is Getting Richer. DeFi Can Provide a Fairer World
Traditional finance is gloating as cryptocurrencies crash. But there’s so much more to cryptocurrencies and decentralized finance than just dips and highs. Here’s why the blockchain has the potential ...
After UST Depeging, NFTs Will Be The Next Most Demanded Area – Coinpedia – Fintech & Cryptocurreny News Media
The Non-Fungible Tokens (NFTs) have come a long way from the time when only celebrities used to create and sell for millions. But today NFTs have become a mode of the thing of their own. These NFTs ca...
Ripple Drops 42% in a Week, What’s Next?
Last week, Ripple closed a red candle of a whopping 42%. The bulls managed to fight back, pushing the price up at the end of the week. Will this be the end of the bearish sentiment in the short term, ...
This is how Polygon [MATIC] is benefiting from Terra’s [LUNA] $30 billion DeFi loss
As the Terra blockchain collapsed, it decided to eliminate a lot of apps, including Anchor, which was the largest DeFi protocol on the chain at a given point. However, the protocol is worth nothing at...