According to Dustin Teander, an analyst at digital asset data platform Messari, USDD is mechanistically similar to UST in terms of minting and price stability.
Binance CEO CZ says that there’s open to working with the Terra community but demanded more transparency on the recent events. “Minting, forking, don’t create value. Buying back, burning does, but requires funds,” he added.
Ethereum miners and mining pools continue to mint money despite strong price corrections. The Ethereum (ETH) hashrate has surged to new highs at the block height of 14,770,231.
After heavy correction, crypto investors get a breather as the broader crypto market shows recovery. Is this a trend reversal or just a dead cat bounce?
Doge has shown a correlation with the stock market as the rest of the crypto assets. The ongoing sell pressure has been fueled by both macroeconomics and geopolitical tensions.
It has become known that Terra has halted the blockchain for the second time in 24 hours.
Binance became the largest cryptocurrency exchange due in part to its high trading volume, and the delisting of LUNA may be a move that may be considered by other prominent trading platforms.
Pal predicted that the next four weeks would be “highly unsettling.” He said positions will get taken out and shot, and there may be no safe place for investors.
BVNK will use the funds realized from the Series A round to further its push for regulatory approval.
Dogecoin is currently trading at $0.075, which is a 27% pullback in the last 24 hours and more than 90% fall from its all-time high.
USDT slipped to $0.96 on FTX but remained at $0.998 on Bitfinex.
Do Kwon’s UST and Luna rescue plan requires the absorption of both assets before their exit before the dollar parity process begins.
While the platform will support only Bitcoin and Ether trading initially, it will add support for other cryptocurrencies along the line.
Along with crypto tax guidance, Germany is now also working on a supplementary document that will address the cooperation between the federal states and their commitments to the subject.
The new leaders of the council are committed to helping the members channel their resources in a bid to enhance the connectivity that the metaverse is expected to bring across the board.