Month: April 2022

Terra’s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin – Altcoins Bitcoin News

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The algorithmic stablecoin stemming from the Terra (LUNA) network has become the third-largest stablecoin token in terms of market capitalization at $17.54 billion. As of today, UST’s market capitalization has surpassed the BSC-based stablecoin BUSD by more than $67 million. Stablecoin Terrausd Surpasses BUSD’s Market Valuation There’s a new leader in the world of stablecoins, as Terra’s dollar-pegged algorithmic cryptocurrency now commands the third-largest stablecoin position, in terms of overall market valuation. Statistics indicate that terrausd’s (UST) issuance increased by 14.9% over the last month and currently the stablecoin has…

Monero community reaches consensus for July hard fork

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As told by Monero (XMR) developers over the weekend, on July 16, the Monero network passed a community consensus to initiate a mainnet hard fork at block height 2,668,888. The popular privacy coin’s hard fork will include increasing the chain’s ring size from 11 to 16, adding view tags to outputs to reduce wallet scanning time, introducing bulletproofs and implementing fee changes. Raising the number of ring signatures is meant to ensure that transactions have a larger anonymity set, making it harder to reverse engineer the sources of a transaction.…

Crypto Exchange EXMO Exits Russia, Sells User Base There to Unnamed Buyer

The announcement goes on to say that EXMO “decided to sell the digital assets business in Russia and Belarus.” EXMO is also giving up its users in Kazakhstan since the new owner is based there. The structure of the deal is unclear, as EXMO hadn’t been operating as a separate legal entity in Russia. Maria Stankevich, EXMO’s chief business development officer, told CoinDesk that what’s being sold is “around a million users, software, intellectual property and [much] more.” Source

Acorns Investing- NOW HAS BITCOIN?! (Surprise update to Acorns 2022)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Well that was unexpected! Acorns now has Bitcoin! The investing app that is so great for beginners has suddenly added the availability of cryptocurrency investing in the form of a Bitcoin ETF that tracks the price of the coin that is so popular. For now there are no other cryptos offered but I have a suspicion that they may change that in the future! Whether you are interested in cryptocurrencies or not, this is a worthwhile thing to understand if you are…

Kevin O’Leary-backed WonderFi to acquire Canadian crypto exchange Coinberry for $38.5M

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WonderFi Technologies, a decentralized finance (DeFi) platform, plans to continue its expansion in Canada by purchasing the Coinberry crypto exchange for $38 million. The platform will be the second regulated crypto exchange under WonderFi once the acquisition is finalized.  The firm recently closed its acquisition of Bitbuy’s parent company First Ledger Corp. for $162 million. In an interview, Kevin O’Leary mentioned that there will be “several more and even bigger” acquisitions that are on the way.  O’Leary also highlighted that the company is competing on the global stage while making…

Dvision Network to Launch the Third Land Sale on Shopify Utilizing Both Polygon Network and BNB Chain – Press release Bitcoin News

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press release PRESS RELEASE. Dvision Network has announced the third LAND Sale to be conducted on both the Polygon Network and the BNB Chain. The most exciting aspect of the third LAND Sale is that 50% of the available LAND NFTs will be sold through the Shopify Marketplace. Moreover, the LAND NFTs pre-minted on Polygon Network will be accessible on Shopify for purchase with credit cards, whilst the LAND NFTs pre-minted on BNB Chain will be accessible on Dvision Marketplace for purchase with DVI tokens. The third LAND Sale officially…

Inside Terra’s $2.38 Billion Reserves, What Made The Lineup?

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Terra (LUNA) has been aggressive about filling up its reserves with trusted cryptocurrencies to serve as a backup for its stablecoin UST. This has evolved over time to include a number of various cryptocurrencies that now make up its reserves sitting at $2.38 billion. This is still a long way from where the Luna Foundation plans for its reserves to be, making it a work in progress. In this report, we take a look at these reserve currencies and the portion allocated to each one. Diving Into Terra’s Reserves As…