Terra’s demise has raised fears that other stablecoins may lose their peg. Stellar blockchain digital wallet users will be able to convert their assets into USDC. MoneyGram and the Stellar Development Foundation have teamed together to promote the use of digital currencies more broadly. Users will be able to transfer
Bitcoin has been up 4.17% in the last 24 hours. JPMorgan Chase analysts now think that Bitcoin has “significant upside potential”. A 15 percent increase from the 18-month low it struck in the middle of May brought the price of Bitcoin (BTC) back to over $30,000 on May 30. The
Proof of Work Proof-of-work is the algorithm that uses to secure many cryptocurrencies, including Bitcoin and Ethereum. The concept was first proposed in 1993 as a way to combat spam emails, and it was named “proof-of-work” in 1997. Satoshi Nakamoto utilized it to secure the Bitcoin blockchain the technique was
Astar is up 6.02% in the last 24 hours. Multi-chain smart contract platform Astar intends to handle many blockchains. Let us look at the top 3 altcoins for this bear market. Moonbeam (GLMR) On Polkadot, Moonbeam is an Ethereum-compatible parachain for smart contracts. In a Substrate-based environment, Moonbeam enables it
A “multi-million dollar fund” called the Terra Developer Fund was announced. Polygon has been down 4.23% in the last 24 hours. Recent bearish engulfing candlesticks in MATIC have significantly hindered purchasing attempts as the alternative has gone below its three-month trendline resistance. MATIC might go into a downward spiral in
The greatest downfall of the Terra ecosystem cast a ruinous effect on the crypto world. The crypto market was already crashing down due to soaring macro-inflation and the hyper-volatility of the fiat-based TradeFi. Terra (LUNA) and the network’s algo-stablecoin TerraUSD (UST) became the sufferers of a disastrous free-fall to their
Debuting for the first time in Toronto, AIBC Americas plans to unite the minds spearheading the future of emerging and disruptive industries taking the world by storm and giving them the platform to share their insights to a crowd of innovators and entrepreneurs.Breaking ground in tomorrow’s economy: Meet the speakers
Compound is down 5.07% in the last 24 hours. JST is used for several purposes on the platform, including interest payments. Let us look at the top 3 lending projects by total value locked as per CryptoDep. Aave (AAVE) It is possible to lend and borrow crypto using the Aave
More than $2.2 billion was invested in the firm’s most recent and third crypto-focused fund. A16z has previously invested extensively in several crypto and DeFi companies. It has been revealed by venture capital company a16z that it is increasing its stakes on Web3 despite the overall fall in the crypto
Dogecoin’s inventor isn’t holding back in his criticism of rogue cryptocurrency projects. Billy strongly urged investors to do their research and not rely on hyped YouTube videos. Cryptocurrencies remain divisive, even after years of development; some hail them as blessed while others call them evil. Their most appropriate term is
