Overall, however, the price has tanked 56% since launching on the weekend at an opening price of $18.87. The price of LUNA briefly spiked around 90% overnight to an intraday high of $11.33 ahead of Binance’s airdrop, but has since dropped back to around $8.26 at the time of writing. At current prices, as per...Continue Reading

At least three blockchains have publicly announced that their teams’ arms are open wide ready to accept any stray former Terra developers following the collapse of its ecosystem. The collapse of the Terra ecosystem, which included most of its apps and protocols, has created a diaspora of developers from which opportunistic blockchain companies are hoping...Continue Reading

China has used its Economic Daily media outlet to signal that further regulatory action may be taken toward stablecoins in the wake of the collapse of Terra’s algorithmic stablecoin. The China state-owned media outlet the Economic Daily has signaled that the Chinese government may introduce even tighter regulations on cryptocurrencies and stablecoins due to the...Continue Reading

“I am just some guy of no consequence tapping at a keyboard and I am replaceable. I am Ryoshi,” the Shiba Inu founder previously stated. Pseudonymous Shiba Inu (SHIB) founder ‘Ryoshi’ has walked away from the community after deleting all of their Tweets and blog posts this week. Much like Bitcoin (BTC) founder Satoshi Nakamoto,...Continue Reading

The Merge on Ethereum is closer than ever as the Ropsten testnet is set to execute its own Merge to give developers a look at what to expect for the real thing. The Ropsten testnet on the Ethereum network is ready to set the stage for the “first dress rehearsal” of the Merge to adopt...Continue Reading

Australian consumer group CHOICE outlined its crypto regulatory framework in a submission to the country’s Treasury calling for the new federal government to prioritize crypto in its financial services reforms. Australian consumer advocacy group CHOICE has called on the federal government to provide better protection for crypto investors while submitting a proposed regulatory framework for...Continue Reading

An error on the pricing oracle software for Terra Classic validators opened the door for an exploiter to drain four synthetic asset pools from the Mirror Protocol. A mismatch in the reported price of underlying assets on synthetic assets DeFi platform Mirror Protocol has caused an ongoing exploit that has the potential to drain all...Continue Reading

Despite being underwater on a portion of BTC positions, data shows long-term holders continuing to accumulate Bitcoin in its current range. Bear markets are typically marked by a capitulation event where discouraged investors finally abandon their positions and asset prices either consolidate as inflows to the sector taper off or a bottoming process begins.  According...Continue Reading

In response to surging inflation, Argentina has become an increasingly crypto-friendly country in terms of adoption. Since 2016, Argentina has been engaged in a war against inflation. Caused by multiple factors, like a lack of trust in the central bank or government overspending, the depreciation of the Argentinean peso has negatively impacted citizens’ purchasing power....Continue Reading

ETH price bounced off a major support level, and while $2,000 could be a short-term target, most analysts say it’s just a “relief rally.” On May 30, the cryptocurrency market experienced a much-needed bounce that saw Bitcoin (BTC) climb above $30,900 and Ether (ETH) rally 5.84% to $1,930, but analysts warn that it could be...Continue Reading