New LUNA is trading at $5.31 and lost 73% from its all-time high of 19.54. India is the largest crypto investor country. When the algorithmic-stablecoin Terra collapsed, investors around the world lost billions of dollars. For an alternative, the founder of terra Do Kwon launched a new blockchain without the
The Web 3.0 wave is fast catching up with centralized crypto exchanges and brokerages. In the past two years, there has been a gradual shift to the Decentralized Finance (DeFi) market, with more crypto natives opting for permissionless ecosystems. Today, this industry enjoys a total value locked of $106 billion,
There was a 218 percent collateralization ratio as of Monday. TDR’s homepage displays $787 million in Bitcoin, Tether, and Tron’s TRX reserves. As TerraUSD ran into problems, Tron, which released the USDD algorithmic stablecoin last month, hopes to avoid the same issues with its own currency. According to the data
Shib reward status updated by the ecosystem, no longer wait for users. Ether whales accumulate shib tokens in large numbers. Some recent updates regarding Shiba Inu in the past few days are the rewards update from Shiba for their Shib metaverse, large whale hold on the token, acceptance of Shib
A “move-to-earn” app, Stepn rewards users for getting outside and exercising. Some gamers on STEPN have been caught employing bots and GPS spoofing. To make matters worse, this is the third time in as many months that the popular crypto app STEPN, which makes use of Solana NFTs, has been
Andrew Kawere applauded the idea of sharing knowledge. The central bank has urged the BAU to educate themselves with Sandbox Regulations. Following discussions with the BAU team, Uganda’s central bank has said it is now open to allowing crypto companies to participate in its regulatory sandbox. As a result, the
ADA only gained 2% in the previous 24 hours since it largely consolidated. ADA may test the $0.60 level of immediate resistance if buyers stay in the market. Cardano’s price showed a surge before consolidating. As Bitcoin’s losses widened, signals of instability in the wider market emerged. The one-day chart
The World Bank has granted $35 million in development financing. Some have questioned whether using Bitcoin as legal cash would be beneficial. As part of its ambitious Sango Project, the Central African Republic (CAR) wants to tokenize access to the country’s enormous natural resources. An official statement from President Faustin-Archange
817 Bitcoin ATMs were erected throughout the globe in the first five days of June. 1,419 ATMs make up 3.8 percent of the ATMs in Europe. Throughout the year 2022 so far, the number of Bitcoin (BTC) ATMs installed worldwide has fallen steeply, with only 202 new ATMs installed in
Fraudsters also target customers by pretending to be a company or government. According to FTC data, many criminal organizations prefer to pay using cryptocurrencies. Federal Trade Commission data shows that over 46,000 consumers have been scammed out of over $1 billion in cryptocurrency since the start of 2021. There has
