By increasing the Tobin tax to 100%, the Terra Luna Classic community has voted to halt USTC minting. Several repeg USTC initiatives have been launched by the community and developers, all of which should help bring the Terra Luna Classic chain and LUNC token back on track. The previous 48
As November began, the cryptocurrency market was led by bulls. Major cryptocurrencies including XRP have seen large price increases as a consequence of this revived bullish trend. According to Whale Alert’s reporting as of today, November 11th, a massive whale movement has occurred, with over 39 million XRP being transferred
Ethereum has been a focal point of discussions in the cryptocurrency world this week, making significant strides in its price. It surged above $2,000, reaching a six-month high of $2,136 yesterday, marking a 13% increase in the past seven days. Several factors appear to have contributed to this surge, mainly
The price of Cardano (ADA) rose to over $0.37, up roughly 51% in the last 30 days. The protocol’s Total Value Locked (TVL) has increased by nearly 380%, reaching $251 million. This is quite close to the all-time high of $322M, reached in March of last year. There may be
The crypto market is now in a bullish trend, with Bitcoin trading firmly over $36,000 and altcoins enjoying huge increases. With Ethereum’s recent price increase, the cryptocurrency market as a whole has been trading in the green. The price of Solana (SOL) increased thanks to the general upbeat mood in
The price of Ethereum has recently surged, surpassing $2,000, after BlackRock’s filing for a Spot Ethereum ETF with the Delaware Department of State. Moreover, Dune Analytics found that as demand for network block space has risen, the transaction costs on Ethereum have climbed dramatically. During the last day, the cost
BlackRock Inc., a trillion dollar asset manager, has once again prompted widespread market optimism with a filing that may be a prelude to the company’s first Ethereum spot Exchange Traded Fund (ETF) product’s formal application to debut. The newest filing, known as the iShares Ethereum Trust, was submitted to the
The rate at which Cardano releases new features and upgrades has always been called into question. In an interview at the recent Cardano Summit in Dubai, Frederik Gregaard, CEO of the Cardano Foundation, addressed these worries head-on, casting the network’s methodical development as a virtue. Gregaard is quoted as saying
Ethereum, the second-largest cryptocurrency, just hours ago reached a four-month high of $1,929, breaking the key resistance level of $1,900. At present, it is trading at $1,919, reflecting a 3% gain over the past 24 hours. Data from IntoBlockchain indicates that Ethereum remains in a “mostly bullish” position, with strong
The EU’s banking regulator, the European Banking Authority (EBA), has suggested new rules for stablecoin issuers that would establish minimum capital and liquidity criteria. With the new liquidity requirements in place, the stablecoin should be easily redeemable even when markets are volatile, mitigating the risks of bank runs and contagion.
