Strong demand for Terra stablecoins is behind the big move for sister token LUNA. Source
Day: March 9, 2022
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LUNA Hits New High, as Biden Signs Crypto Executive Order – Market Updates Bitcoin News
LUNA hit a new all-time high, as markets reacted to news that U.S. president Joe Biden had signed an executive order on cryptocurrencies. Biden wants his government to examine the “risks and benefits” of crypto, news of which sent the likes of NEAR and ANC almost 20% higher. Terra (LUNA) Following a bear run that lasted almost seven days, terra (LUNA) rallied on Wednesday to reclaim its position as the world’s sixth-largest cryptocurrency. As of writing this, LUNA/USD is up by over 25% on the day, breaking past its resistance…
Does the future of DeFi still belong to the Ethereum blockchain?
Ethereum is a decentralized finance giant that has seen significant growth over the past few years, spurred on by events like “DeFi Summer” and the rise of nonfungible tokens (NFTs). Ethereum’s popularity, however, may be leading to its downfall, as other protocols look to eat away at or completely consume its market position. Bitcoin and the birth of Ethereum Bitcoin (BTC) is the mother of all blockchains and was the first modern iteration of what is widely known today as cryptocurrency. Since then, there have been numerous attempts to provide…
DAO Creation Platform Upstream Raises $12.5M and Launches Publicly
The no-code platform allows anyone to create and run a decentralized autonomous organization (DAO). Source
Tracked crypto donations to Ukraine surge to $108M as Kraken, Bored Ape joins in
On Wednesday, total crypto donations across Ukrainian government wallet addresses, charities and relief efforts tracked by Cointelegraph has reached $108 million. The top three recipients of such funds are the official Bitcoin (BTC) and Ethereum (ETH) wallet addresses of the Ukrainian government, and a BTC donations address for Come Back Alive. The same day, Kraken announced that it would distribute over $10 million to clients who created an account from Ukraine before Mar 9 for relief efforts. Regardless of their account balance, Ukrainian clients of Kraken will receive $1,000 in…
Defunct File-Sharing Platform Limewire Plans a Comeback, NFT Marketplace and Token on the Horizon – Bitcoin News
The once-popular and now discontinued file-sharing platform Limewire is returning after shutting down in 2010. However, rather than provide access to copyrighted music files and movies, the new Limewire aims to launch a marketplace dedicated to non-fungible token (NFT) technology. Limewire Plans to Return With an NFT Marketplace Platform Limewire plans to return from the ashes this May as the new owners of the defunct file-sharing website’s intellectual property (IP) have plans to turn the platform into a non-fungible token (NFT) marketplace. Austrian brothers Julian and Paul Zehetmayr own Limewire’s…
Monero And Zcash Take Off With 15% Gains, What Fueled The Rally
Privacy coins, Zcash (ZEC) and Monero (XMR), have been outperforming larger cryptocurrencies in the last 24 hours. The sudden surge on the price of these cryptocurrencies seems to be responding to recent developments around the Russia-Ukraine conflict, and the signed of an executive order from the U.S. Joe Biden administration. Related Reading | Monero (XMR) Price Slides As Canada Includes Crypto In Emergencies Act At the time of writing, Zcash (ZEC) records a 11.7% profit trading at $142, while Monero (XMR) records a 15.5% profit trading at $195. These cryptocurrencies have…
Biden’s Executive Order on Crypto Met With Relief From Key Industry Players
“It was better than I thought it was going to be,” said Kristin Smith, executive director of the Blockchain Association, a Washington, D.C.-based crypto industry group. “Given all of the FUD that has been out there about a regulatory crackdown, I think this is obviously in stark contrast. This is much more positive and thoughtful.” Source
The NBA’s Web 3 Innovation Dilemma
The league led the way with NBA Top Shot. But is it ready for the bigger implications of Web 3 for fan engagement and ownership? Source