terra

20

May

Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15

The collateral damage of Terra’s collapse could continue to impact Avalanche price, especially considering that the Luna Foundation Guard holds 1.97 million AVAX tokens. Avalanche (AVAX) has emerged as one of the worst-performing cryptocurrencies among the top-ranking tokens in the last 24 hours, partially due to fears connected to Terra (LUNA) and it’s a near-dead UST algorithmic […]

solana

20

May

Lost SOL? Persistent challenges continue to impact Solana price

SOL price has been repeatedly knocked down by network outages, a shrinking total value locked on the network and futures traders’ disinterest in trading the altcoin. The past thirty days have been an extremely bearish time for cryptocurrencies. The sector’s aggregate market capitalization plunged 33% to $1.31 trillion and Solana’s (SOL) downfall has been even more brutal.[…]

POLYgon

19

May

Polygon partners with Orbs and DeFi.org to launch an accelerator program

Participants of the accelerator program will get funding, mentorship and market exposure through the platform DeFi.org. In a new development for the decentralized finance space, Ethereum scaling platform Polygon has partnered with layer-3 project Orbs to launch a program that supports DeFi builders through the DeFi accelerator platform DeFi.org.  In an announcement, Polygon and DeFi.org noted that the[…]

bull

17

May

Miami and New York City coins tank despite Mayoral endorsements

“People will stop mining the coin if they can’t make money off of it,” according to Michael Bloomberg, who referred to the two previously hyped city coins. Despite being publicly endorsed by the respective mayors of both cities, MiamiCoin (MIA) and NewYorkCityCoin (NYC) have plunged 90% and 80% since their all-time highs. According to data from CoinGecko,[…]

vitalik

16

May

Buterin: Terra should protect the smallholders, not the whales

Vitalik Buterin has called for relief for the average UST smallholder who got lured in by promises of high stablecoin yields by crypto influencers. Ethereum co-founder Vitalik Buterin thinks that the beleaguered Terra project should prioritize small hodlers as part of any proposed reimbursement plan. As widely reported, the Terra eco-system suffered a death spiral around May[…]

terra

13

May

Avalanche drops 30% on fears Terra’s LFG will dump AVAX next

Luna Foundation Guard is emptying its crypto reserves to bring its stablecoin back to its $1-peg, risking a massive AVAX selloff. Avalanche (AVAX) is paying the price for being one of the collateral assets that maintain Terra’s native stablecoin TerraUSD’s (UST) peg with the U.S. dollar. Major AVAX dump ahead? AVAX’s price dropped about 30% to reach  $32.50[…]

altcoins

09

May

Japanese e-commerce site adopts BTC and XRP payments for used cars

The development marks the first time XRP digital currency will be used on a cross-border Japanese e-commerce site. SBI Motor Japan, a subsidiary of SBI Africa Co., Ltd., has announced that its customers can now make payments for used cars using Bitcoin (BTC) and XRP. As per the announcement by SBI on Monday, the development marks the first time XRP[…]

crypto

07

May

Bitcoin’s Velvet Revolution: The overthrow of crony capitalism

Today, the revolutionaries are gathering again. But this time, they have the most powerful economic weapon citizens have ever had: Bitcoin. If Karl Marx and Friedrich Engels were somehow transported to the present day and given a newspaper, the apparent lack of class conflict would probably make the revolutionaries think they’d won. They would see a society[…]

opera

06

May

Opera browser enables direct access to BNB Chain-based DApp ecosystem

New integration with BNB Chain allows Opera users to access decentralized apps, including DEXs like PancakeSwap, 1inch and BiSwap. Crypto-friendly browser Opera integrated BNB Chain, a decentralized blockchain ecosystem formerly known as Binance Smart Chain, to enable BNB Chain-based decentralized apps (DApps) on Android, iOS and desktop versions of its Crypto Browser. The integration will enable Opera’s[…]

2022

03

May

Solana suffers 7th outage in 2022 as bots invade the network

NFT minting bots on Solana contributed over 4 million transactions per second, knocking validators out of consensus and crashing the network for around seven hours. The Solana network suffered a seven-hour outage overnight between Saturday and Sunday due to a large number of transactions from the nonfungible token (NFT) minting bots. A record-breaking four million transactions, or[…]

binance

23

Apr

Binance recovers $5.8M in funds connected to Ronin bridge exploit

Unfortunately, a vast majority of the stolen funds still remain in the hands of the hacker. Via a Twitter post on Friday, Changpeng Zhao, CEO of Binance, said that the cryptocurrency exchange recovered $5.8 million spread over 86 accounts in digital assets moved to the exchange by Lazarus Group. Last month, the North Korean cyber-criminal group allegedly stole 173,600 Ether[…]

POLYgon

23

Apr

Polygon launches ‘Supernet’ chains, pledges $100M to Web3 developers

The layer-2 scaling solution continues its focus shift to Web3, a broad concept that refers to the blockchain-powered internet. Ethereum scaling solution Polygon has launched a new network for Web3 development, pledging $100 million to early users who can help fast-track adoption.  The Polygon Supernet chain gives developers the ability to build their projects in a customizable[…]

shib

18

Apr

AMC Theatres mobile app accepts Dogecoin, Shiba Inu and more

AMC Theatre CEO Adam Aron disclosed that the iOS and Android mobile apps accept crypto payments via integration with BitPay, a bitcoin payment service provider. AMC Theatres, an American pro-crypto movie theater chain, updated its mobile app services to accept Dogecoin (DOGE), Shibu Inu (SHIB) and other cryptocurrencies as payment across the United States.  AMC Theatres first[…]