“As a kid, I spent countless hours role playing with all of my different toys,” Otero said in the press release. “At Azra, we are making a game to recreate this joy, to re-engage adults’ imaginations once again with the ultimate collectibles fantasy, combined with the ultimate fast-paced mix-and-match combat that is accessible yet deeply strategic.” Source
4pool was launched in early April and is composed of two decentralized stablecoins, UST and Frax Finance’s FRAX, and two centralized stablecoins, USD Coin (USDC) and Tether (USDT). Vocal backers included Terra’s Kwon, who even tweeted that the 4pool’s “goal is to starve 3pool,” the biggest Curve pool. Source
As the fall of Terra (LUNA) and TerraUSD (UST) may have a noticeable short-term impact on the decision-making of both retail and institutional investors, it doesn’t pose a risk to the larger crypto ecosystem, according to Du Jun, CEO of Huobi Global CEO. In an interview with Cointelegraph, Jun explained that the collapse of Terra will affect the ecosystem by slowing down investor interest in crypto as an asset class. However, Jun noted that this will only be a short-term effect. In the long term, the exchange CEO explained that…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Mining is one of the major industries in Zimbabwe and on this segment we are showing how small scale miners extract gold from under ground #Kadoma #Gold #SmallScaleMiners ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
“We believed a high level of external collateralization was a necessity in the long run, and we saw this as a path to get there. Unfortunately, it didn’t grow fast enough compared to UST supply, and, combined with a fall in value of the BTC reserves, the liability overhang was too large to be defended,” Delphi wrote. Source
Investors wondering why digital assets are not outperforming traditional ones should be aware that the cryptocurrency ecosystem is an “emerging tech asset class and the tokens that power the ecosystem trade like high growth, speculative risk assets,” analysts led by Alkesh Shah wrote in a May 17 note. Source
FTX US will not charge commissions or trading fees in keeping with the low-cost brokerage model that Robinhood (HOOD) rode to fame. it will not monetize traders’ orders by selling the flow to high-frequency traders, a controversial practice called payment for order flow for which Robinhood has been criticized. Source
“In my world, there is a strong desire to bring this [crypto] into the fold, to make sure it’s ethical, it works, people are trusted, there’s consumer protection, there’s not money laundering associated with it,” KPMG’s Grant Wardell-Johnson told CoinDesk. Source
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Blockchain analytics firm Chainalysis has released a new tool to track transactions across Decentralized Finance protocols and multiple blockchains. Chainalysis launched a beta version of its Storyline software on May 18. Touted as a “Web3-native blockchain analysis tool,” Storyline aims to track and visualize smart contract transactions with a focus on nonfungible tokens (NFTs) and DeFi platforms. This is in line with the growing popularity and prevalence of NFTs and DeFi in the cryptocurrency space over the past year. Chainalysis provides blockchain analysis and annual reports on cryptocurrency crime trends…