This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
Oysten Olsen, former governor of Norges Bank, in 2021, stated that he considers Bitcoin too expensive, resource-intensive, and does not preserve stability.
The Bitso launch in Colombia happened during a volatile period in the crypto market. Besides the fact that there are still so many people who are unfamiliar with digital assets, the market witnessed one of its biggest crashes in recent memory leading to losses for investors.
According to Pantera Capital, it had no LUNA investments at the time of the UST crash, and made a substantial profit from its early exit.
The Meta Pay crypto payments filing submitted by Facebook parent Meta Platforms will open users to more cryptocurrency and digital tokens.
Gensler said that the SEC would need to work with token issuers and trading platforms to regulate the industry.
This is not the first time hackers will be moving or attempting to move funds through Tornado Cash. The crypto mixer gained popularity for being the go-to exchange for hackers who want to move their loot.
Everyone linked with the Terraform Labs is not living in denial about the collapse of the Terra blockchain in its current form and the exit of the legal team is not deterring Do Kwon from proposing a way forward to revive the protocol.
According to the CEO of Pershing Square Capital Management Bill Ackman, Terra operated as a Ponzi scheme, and its crash could affect the entire crypto ecosystem.
The collapse of Terra’s UST and LUNA coins has ignited a new fire and drive that is pushing a number of regulators beyond those from South Korea to rethink regulating the digital currency ecosystem.
Terra chief Do Kwon has proposed the idea of forking the Terra blockchain and distributing the new LUNA tokens among wallet holders, LUNA holders, developers, UST holders, etc.
The launch of the spot trading platform comes at a time when the market is experiencing a significant downturn.
At present, the standard capital gains tax in Portugal for residents totals 28%, while personal income tax ranges from 14.5% to 48%. The corporate income tax is a flat rate of 21%, but there are also local and state surtaxes.
In addition to the UK government’s plans on stablecoin regulation, the Authority would adapt existing laws on electronic money.
The Luna Foundation Guard saw its Bitcoin reserves take a massive hit following the UST stablecoin’s price plunge.
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.