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As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s stablecoin terrausd (UST) has lost…
The Bitcoin price plunged below $31,000 on Monday, marking a new low for the year. Altcoins also sold off sharply.
As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7,…
Excessive Terra supply coupled with UST supply contraction coincides with LUNA's price decline.
On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the…
DOT price could find reason to rally now that cross-chain messaging on Polkadot brings new interoperability, liquid staking and options to mint aUSD stablecoin.
The Bahamas Prime Minister Philip Davis shared his plans to welcome crypto businesses to the region during SALT’s Crypto Bahamas.
According to a report published on Thursday, the Luna Foundation Guard (LFG) explained that it acquired 37,863 bitcoin worth more than $1.4 billion through two over-the-counter deals. The LFG now…
The purchase, totaling roughly $1.5 billion, will be used to further backstop Terra Luna’s UST stablecoin.
Algorand, Frax Share and Helium staged brief double-digit rallies in an otherwise stagnant market, thanks to a major partnership and new project developments.