Auto Added by WPeMatico

Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish

The total crypto market capitalization recovered roughly 5%, but a variety of trading metrics show investors are skeptical about the rally being a trend change.

Continue ReadingBitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish

DAI Takes the Reigns as the Leading Decentralized Stablecoin by Market Capitalization

Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in existence today. Moreover, Makerdao has regained the decentralized finance (defi) protocol’s…

Continue ReadingDAI Takes the Reigns as the Leading Decentralized Stablecoin by Market Capitalization

Desperate LUNA Investor Arrested, New Terra Network Announced, Davos Blockchain Talk, and More — Bitcoin.com News Week in Review

From a desperate investor’s ill-advised visit to Terra co-founder Do Kwon’s house resulting in an arrest, the announcement of a new Terra network, and blockchain talk at Davos, to predictions…

Continue ReadingDesperate LUNA Investor Arrested, New Terra Network Announced, Davos Blockchain Talk, and More — Bitcoin.com News Week in Review

Terra Launches New Chain Airdropping LUNA 2.0 Coins — Token Value Slides Over 70% From Price High

On Saturday, May 28, 2022, LUNA classic and UST classic holders received an airdrop consisting of new LUNA 2.0 tokens based on two blockchain snapshots. The crypto asset’s first recorded…

Continue ReadingTerra Launches New Chain Airdropping LUNA 2.0 Coins — Token Value Slides Over 70% From Price High

Korean Government Considers Imposing Unified Listing Standard on Crypto Exchanges After LUNA, UST Collapse

The South Korean government is considering imposing tougher regulations, including a unified listing standard, on all cryptocurrency exchanges in the country following the collapse of cryptocurrency terra (LUNA) and stablecoin…

Continue ReadingKorean Government Considers Imposing Unified Listing Standard on Crypto Exchanges After LUNA, UST Collapse

IMF Chief Begs Investors Not to Shun All Crypto After the Collapse of LUNA, UST

The managing director of the International Monetary Fund (IMF) reportedly said that investors should not completely pull out of crypto after the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd…

Continue ReadingIMF Chief Begs Investors Not to Shun All Crypto After the Collapse of LUNA, UST