Tron’s newly-launched USDD stablecoin has traded under a dollar for almost a week now, after slipping below its dollar peg on June 13. USDD hit an all-time low of $0.9255 on June 19, before recovering to $0.9608 at the time of this writing, according to data from CoinMarketCap. It remains several cents shy of $1–the value it’s intended to be…
It can seem a bit morbid to talk about making money in a downturn that’s seen Bitcoin and Ethereum struggle to maintain prices above $20,000 and $1,000 respectively. As of Monday morning, the global cryptocurrency market cap was $904 billion—a huge fall from $3 trillion in November. The fact remains: There are strategies for making money during the crypto crash,…
In brief Luda is a Web3 startup co-founded by former PlayStation and Google AI leads. The firm plans to launch franchises that can be owned and shaped by Solana DAO communities, starting with Neo Fairies. For nearly two decades in total, Shannon Studstill was part of the PlayStation juggernaut as a co-founder of Sony’s Santa Monica Studio. She was lead…
While digital currencies suffered this past month, non-fungible token (NFT) sales dropped by 74.44% during the last 30 days. Data shows that during the last seven days, NFT sales have slipped 17.33% lower than the sales recorded the week prior. NFT floor values for popular collections have rebounded this week in terms of ethereum value, but with ether’s exchange rate…
Terra (LUNA) employees are reportedly unable to leave South Korea as the country’s prosecutors imposed a departure ban on key developers of the project. Korean media outlet JTBC reported on Monday that an investigation team from Seoul Southern District Prosecutor’s Office has imposed a travel ban on key team members of Terraform Labs. The prosecutors imposed the ban to eliminate…
The rapid surge in share of stablecoins like Tether (USDT) in the cryptocurrency market may point to an upcoming crypto upside, according to analysts at the American investment bank JPMorgan Chase. The percentage of stablecoins in the total crypto market value has been on the rise, reaching new historical highs in mid-June, JPMorgan strategists believe. Led by JPMorgan crypto market…
Following a weekend trading below $20,000, bitcoin rallied by over 10% on Monday to recapture this level. Cryptocurrencies were mainly in the green to start the week, as bulls seemingly bought the weekend’s dip. ETH was almost 15% higher in today’s session. Bitcoin Bitcoin rebounded from recent drops to start the week, as prices were once again trading above the…
From a universal trustless authentication to decentralized autonomous organizations, Redditors discussed what use cases can drive Ether’s value up. Source: https://cointelegraph.com/news/what-ethereum-use-case-can-make-eth-a-500b-market-cap-asset-community-answers
Billionaire FTX founder and CEO Sam Bankman-Fried said his exchange has a “responsibility” to bail out ailing crypto companies in times of crisis. Speaking to NPR this weekend, Bankman-Fried said of the current crypto crash that, “I do feel like we have a responsibility to seriously consider stepping in, even if it is at a loss to ourselves, to stem…
Ethereum’s native token, Ether (ETH), underwent a sharp relief rally after falling to $880, its lowest level in eighteen months, on June 18. ETH price regains 30% in two days Ether’s price reached above $1,150 this June 19, marking 30%-plus gains in just two days. However, at the beginning of the new weekly session this June 20, the ETH/USD pair…
