Overall, however, the price has tanked 56% since launching on the weekend at an opening price of $18.87. The price of Terra (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…
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“Zero plans to buy luna 2.0, but I will dump any airdrop if I get something on Binance,” said Lark Davis. The price of Terra (LUNA) has tanked around 70% since the re-launch of the Terra ecosystem via Terra 2.0 on May 28. Under the revival plan of Terraform Labs founder Do Kwon, new LUNA tokens,…
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UST, a stablecoin that’s supposed to maintain a price peg with the US dollar 1:1, spiraled out of control to reach as low as USD 0.10 this month. Following the momentous rise of UST in just a few months, only a few predicted its monumental crash, especially with the dominance stablecoins were gaining in…
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Cryptocurrency exchange Binance will assist the government of Kazakhstan in efforts to regulate the country’s crypto space. The global coin trading platform will also help with the integration of the domestic banking system with the expanding digital assets market. Kazakhstan to Cooperate With Binance on the Development of Its Crypto Sector Binance, the world’s leading…
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Old Fashion Research has been functioning since late 2021, but now officially comes out of the shadows. Multi-strategy blockchain investment fund Old Fashion Research (OFR) has completed its first close. Led by several former executives from Binance, OFR invested in over 50 blockchain projects in its first year. According to an announcement, Old Fashion Research…
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According to a recent announcement from the Terra blockchain team, the community voted and passed a proposal that plans to launch a new genesis version of the Terra blockchain without an algorithmic stablecoin. The governance proposal called “Terra Ecosystem Revival Plan 2” has been amended and the final release of the new Terra Core codebase…
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Binance CEO Changpeng Zhao met with Kazakhstan’s president and his senior staff on Wednesday to discuss long-term cooperation. Cryptocurrency exchange Binance has signed a memorandum of understanding, or MOU, with the government of Kazakhstan to bolster “virtual asset market development” in the central Asian country. The signing of the MOU, which is between Binance and…
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