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.
Goldman Sachs’ digital asset head Matthew McDermott noted that the company is expanding its presence in tune with the rise in institutional demand for crypto.
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.
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.
The album will be released on May 13. The NFT drop will take place on May 17. After the initial drop, users will be able to transfer and sell their tokens like most NFT products.
XTAGE will go live at the end of June. Initially, XP will launch crypto trading services only for Bitcoin. Customers will have a wallet that is capable of holding their BTC, however, the ability to transfer funds to a different wallet will not be included at launch.
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.
FTX US revealed its application for a trust charter along with announcing the appointment of a new Chief Compliance Officer (CCO). Marissa MacDonald, experienced compliance professional from Fidelity Investments Inc, will be in charge of the licensed trust.
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 platform will be powered by the ISK Tokens which will serve as the exclusive asset for the platform’s pioneer Non-Fungible Token (NFT) and also be deployed as the governance token along the line.
According to data, almost all the largest NFT collections in the market are down by a considerable margin.
UST’s decline has prompted calls from the US government on the stablecoin regulation.