Tag: Token

A Look at What’s Left of Terra’s Defi and Token Ruins – Bitcoin News

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Following the Terra blockchain fallout and the great UST de-pegging event, the Terra network ecosystem is now a wasteland of almost worthless tokens and protocols. While both UST and LUNA were top ten crypto market cap contenders, Terra’s decentralized finance (defi) presence was second to Ethereum in terms of total value locked. Today, the remaining Terra-based token holders and defi protocol operators seem to be waiting for a miracle. Terra’s Token Economy Has Lost 96% of Its Value There’s been an abundance of news surrounding the Terra blockchain fiasco and…

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Ethereum Prepares For Ropsten Testnet Merge As Token Struggles To Hold $2k Support

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The Ethereum 2.0 update is generating a lot of buzz and interest, and we’re getting closer to its launch than ever before. Ethereum 2.0 Goes To Testnet Testing for Ethereum’s long-awaited Merge is progressing, though not at the rate that many had hoped. Testing on Ropsten, Ethereum’s largest and primary testnet, which has the closest similarity to the mainnet, is the next key milestone in the Merge testing process. Ropsten testing will be merged on June 8, according to Ethereum client developers. Although there is no official indication on when…

Socios fan tokens rally 40%+ after Chiliz rolls out mainnet upgrade and token burn plan

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In times of high stress and market turmoil, sports entertainment has served as a valuable escape for people around the world as they get a chance to root for their favorite players and teams while briefly forgetting about the worries of the world.  Amid the ongoing market volatility and falling crypto prices, sports fans have cause to rejoice as multiple fan tokens have bucked the downtrend on May 18 to post 40% plus gains. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Here’s a look…

Terra’s Tendermint Touch — Cosmos-Based Token Economy Hit Hard by LUNA’s Demise – Markets and Prices Bitcoin News

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Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen significant losses. Two months ago, the top Cosmos ecosystem coins collectively were worth $61.6 billion and since then, the Cosmos economy has lost more than 75% in value, dropping to $15.2 billion. Terra’s Fallout Stirs Cosmos Token Ecosystem The blockchain project Terra is a Cosmos-based network, which leverages the consensus protocol Tendermint, the Cosmos SDK, and the Inter-Blockchain…

BITCOIN 🚫 IL DOIT ABSOLUMENT TENIR ( sinon c'est le KRACH )

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Pour faire un don en EURO ou en BITCOIN : Pour faire un don en BTC / Bitcoin: 1Q87XPt9PMjTCeFhEgN4FaqSwTfSqm6b3C _____________________________ Le BTC serait peut être sorti de sa baisse , nous abordons une analyse graphique bearish et bullish ensemble ! Nous voyons en détail chaque support, résistance, et figure envisageable durant ce fameux dump ou pump BITCOIN ! _______________________________ Mes analyses ne sont que mon point de vue du marché, il ne faut pas prendre ce que je dis comme conseil financier…

Do Kwon proposes Terra revival, including token redistribution plan

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Terraform Labs co-founder Do Kwon has tabled a proposal to preserve the Terra ecosystem following the historic depegging of its algorithmic stablecoin, UST, and the resulting death spiral that plunged Terra (LUNA) tokens to practically zero.  In a Friday post on Terra’s research forum, Kwon said, “The Terra community must reconstitute the chain to preserve the community and the developer ecosystem.” His proposal, which was in response to validator groups discussing the possibility of forking the Terra chain, involves compensating UST and LUNA holders who were unable or unwilling to…

‘A Dark Day for Crypto’ — A Deep Dive Into the Obliterated Terra Token Ecosystem and Damaged Apps – Bitcoin News

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Following a few days of carnage, the two leading crypto assets built on top of the Terra blockchain have plummeted to significant lows. LUNA has dropped to $0.00000100 per coin and the once-stable coin terrausd (UST) hit a low of $0.044 per unit. After temporarily halting the Terra blockchain and restarting it, the team has once again halted block production at block height 7,607,789. The team restarted the chain again at 8:46 a.m. (ET) and disabled onchain swaps. Do Kwon’s ‘Amusing Morning’ of De-Pegging Jokes Becomes a Scary Reality Five…

BitKwonnect? ‘Luna Brothers’ moment sees Terra inflate token supply 3,500% overnight

Terra (LUNA), the in-house token of Blockchain protocol Terra, is undergoing major changes which are causing intrigue and despair in equal measure. Data released on May 13 confirms that overnight, the embattled cryptocurrency’s supply expanded to an eye-watering 6.9 trillion LUNA. 6,900,000,000,000 LUNA, almost zero value After a tumultuous week in which Terra attempted to rescue LUNA along with its failing United States dollar stablecoin, TerraUSD (UST), things have gone from bad to worse. Despite huge sales of BTC and loans to prop up the market, both tokens have continued…