Tesla and Spacex CEO Elon Musk says that dogecoin has potential as a currency. However, his Twitter buyout deal has been put on hold “pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.” Elon Musk Says Dogecoin Has Potential as a Currency Tesla CEO Elon Musk has made another bullish statement about the meme…
The concept of the Metaverse has been around since the 1980s, but it has only been in recent years that we’ve seen hundreds of projects popping up on the scene. What we are currently experiencing are gamified worlds with limited integration and engagement abilities. Right now, the Metaverse is still a blank canvas for early adopters to test and entertain…
Do Kwon is known for an aggressive social media strategy, but the Terra co-creator has been uncharacteristically silent for the past few days as the network careened into catastrophe. Today, hours after Kwon proposed a “Terra ecosystem revival plan” to the network’s research forum, he returned to Twitter for the first time in two days to express sadness for how…
The Central Bank of Chile revealed it is studying how to issue a national digital currency, the digital peso. The bank issued a report titled “Issuance of a Central Bank Digital Currency in Chile,” where it explores the possibility of the creation of a central bank digital currency (CBDC) in the future, the mechanism it might use, and how it…
press release PRESS RELEASE. The crypto world is as innovative and exciting as fickle and dynamic. Understanding the market needs and keeping up with the latest trends and changes is crucial if we want to advance and reach new heights. KICK.IO has big plans for the upcoming year, and one, in particular, will make a significant change for both the…
Terra’s meltdown forced cryptocurrency investors to ask a question they never thought was possible: Will TerraUSD (UST) or Terra (LUNA) reach $1.00 first? The magnitude of this question provides a sobering reminder of just how quickly things can change in crypto. While Terraform Labs co-founder Do Kwon remains defiant, many people in the industry are beginning to distance themselves from…
In brief Terra’s stablecoin tokenomics led to the network’s collapse. Tron’s algorithmic stablecoin playbook looks strikingly similar. Tron blockchain creator Justin Sun announced via Twitter today that traders can now earn rewards for depositing the network’s recently launched USDD, an algorithmic stablecoin designed to work like Terra’s all-but-defunct UST, to Tron-based lending protocol JustLend. For depositing USDD, they’ll earn yield…
Altcoins saw a relief bounce on May 13 as the initial panic sparked by Bitcoin’s sell-off Terra’s UST collapse and multiple stablecoins losing their dollar peg begins to decrease and risk loving traders look to scoop up assets trading at yearly lows. Daily cryptocurrency market performance. Source: Coin360 Despite the significant correction that occurred over the past week, Bitcoin (BTC)…
Lido today warned staked Ethereum, or stETH, holders that the token’s peg to Ethereum has slipped, leaving them at risk of having their collateral liquidated, or sold, to make up the difference. When Lido, a pooled staking protocol, initially sent its warning on Twitter, the discount was 4.2% and went up to as much as 5% before falling again. Currently…
A push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers. The ban had been suggested by the far-left Red Party which also didn’t win backing to raise an electricity tax for crypto miners. Norway Will Not Ban Bitcoin Mining The parliament of Norway has considered and voted against a draft…
