On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes to Expand Terrausd’s Reach Across…
The official digital yuan wallet app that was released as a pilot version to be used in select cities has still managed to top app store charts in its first week. Developed by the Digital Currency Research Institute of the People’s Bank of China (PBoC), the app became available for download on Chinese Android and Apple app stores last Tuesday.…
Dogecoin co-creator Billy Markus has slammed Mozilla for pausing cryptocurrency donations amid environmental concerns. Mozilla, the nonprofit behind the Firefox internet browser, has accepted crypto donations since 2014. Last week, Mozilla tweeted a seemingly innocuous reminder of this fact, but since 2014, the world has become far more aware of the crypto industry’s carbon footprint. As such, the nonprofit has…
press release PRESS RELEASE. XRPayNet is a cryptocurrency built on the XRP Ledger, with an upcoming global team focused on one goal: a globally adopted interface and ecosystem for payment settlements that is suitable for stores, businesses, peer to peer transactions and those who sell products and services. Whilst aiming to challenge existing technology such as Klarna, ClearPay/AfterPay. This will…
The Mozilla Foundation’s back-tracking on crypto has earned a reaction from the creator of the world’s first meme cryptocurrency. On Dec. 31, 2021, Mozilla, the developers of the Firefox internet browser, tweeted that the company was accepting cryptos like Dogecoin (DOGE), Ether (ETH), and Bitcoin (BTC) as donations, along with a Bitpay donation link. However, less than a week later, the campaign…
Deputy for the Spanish Ciudadanos political party María Muñoz has proposed a bill to make Spain a Bitcoin mining hotspot following the internet shutdown that caused a mining outage in Kazakhstan. The lawyer and economist Muñoz was steadfast in her support of Spain as a Bitcoin (BTC) destination, in a tweet on Friday: “The protests in Kazakhstan have repercussions all…
intermediate The decentralized financial instruments (DeFi) space is developing at a rapid pace, and new tools for working with DeFi tokens and trading platforms keep on emerging. PancakeSwap, with its native cryptocurrency, CAKE, is one of the fastest-growing DeFi projects. Today, we discuss the market sentiments concerning this new project and its token and take a closer look at the…
The situation across Kazakhstan, hit by anti-government protests in the first week of the year, is normalizing, central authorities claim. The country’s massive crypto mining industry, which faced an internet blackout during civil unrest on top of power shortages, now hopes that the country will nevertheless remain an attractive location for miners. President Tokayev Has Nation Under Control After days…
Changpeng Zhao, CEO of crypto exchange Binance, has become one of the richest men in the world, with a fortune of $96 billion, per Bloomberg’s Billionaires Index. The near-$100 billion dollar wealth amassed by CZ (as he is known in crypto circles) doesn’t even factor in his own personal crypto holdings. They include Bitcoin and Binance’s native cryptocurrency, Binance Coin…
Bitcoin (BTC) has dealt significant pain to bulls in recent weeks, and now, fresh data shows just how much. In a tweet on Jan. 10, on-chain analytics firm Glassnode revealed that those longing BTC had suffered a rerun of last May, when BTC/USD began to fall toward $30,000. Long traders fail to “catch the knife” According to Glassnode’s Longs Liquidations…
