Day: May 10, 2022

UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation – Bitcoin News

boss

On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on whether it will fail or recover. However, by 9:15 a.m. (ET) on Tuesday morning, the stablecoin has managed to climb back to $0.934 per unit. UST Stablecoin Plunged to $0.66 per Unit, Rumors Spread Like Wildfire The Terra blockchain project has…

Ethereum rises vs. Bitcoin despite crypto market rout — will ETH/BTC gain 50% by June?

boss

Ethereum’s native token Ether (ETH) has grown stronger against its rival for the top position — Bitcoin (BTC) — despite an ongoing crypto market rout. But can the ETH/BTC pair continue to rally in the coming months? Let’s look at the charts. Ethereum pares YTD losses vs. Bitcoin  ETH/BTC gained 5.5% between the May 9 low of 0.0720 and the May 10 high of 0.0759. ETH also rebounded by almost 9.75% against the U.S. dollar, and Bitcoin underwent a similar upside retracement in the same period. ETH/BTC daily price chart. Source: TradingView…

How Plugin’s Blockchain Technology Helps Industries Adapt To Climate Change

boss

With the growing threat of climate change, many industries need precise weather forecasting every hour. Plugin’s blockchain solution provides decentralized, verifiable weather data. Problems with existing weather information technology Weather intelligence platforms collect weather-related information from distributed radar and satellite systems. While this is useful for gathering data from remote corners of the world, it limits the scope of weather forecasts to wider geographic regions, such as cities and states. These generic weather forecasts don’t provide details on how the weather will change in a specific street or neighborhood. But…

Decentralization is helping to shape the course of scientific research and business

New technologies may have rapid, dramatic effects on society, but they may also spread slowly and subtly. Blockchain-powered decentralized science (DeSci) is taking off after some years of gestation. Its impact is being felt not only in the rarified confines of high-tech labs but more broadly in the business world as well.  Psychedelics and longevity Paul Kohlhaas, co-founder and CEO of Molecule — a platform for biotech decentralized autonomous organizations (DAOs) founded in 2019 — spoke about pharmaceutical research and its funding on the Zima Red podcast in April. “We…

Can Solana become the dominant PoS chain despite persistent outages?

boss

Like most new-age networks, Solana was developed to resolve major issues confronting the blockchain industry. While the network has addressed some of these issues by its very nature. However, it has also encountered a few unique problems. From resource exhaustion to a halt in block confirmation, the Solana network has suffered a number of setbacks that resulted in repeated power outages, causing the network to shut down for hours on several occasions. The network went down on December 4, 2020, about three years after Solana was introduced, causing confusion in…