The downfall of Terra calls into question the real-world utility as well as the long-term viability of algorithmic stablecoins. The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil,…
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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…
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Cryptocurrency markets were mostly in the green on Friday, as DOT was up by nearly 40%, moving away from an 18-month low. Although SOL, AVAX, and MATIC all rose by over 20%, it was SHIB that was one of the standout gainers in today’s session. Polkadot (DOT) DOT was one of today’s biggest gainers, as…
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David Marcus, former Meta executive and co-creator of Facebook’s now sold Diem project, has moved his focus to Bitcoin (BTC), unveiling a new company, Lightspark, established with the aim to explore, build and extend BTC’s capabilities and utility. “As a first step, we’re actively assembling a team to dive deeper into the Lightning Network,”…
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There is now 6.9 trillion LUNA in circulation, while the coin’s value is practically zero in U.S. dollar terms. 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…
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Venus Protocol and Blizz Finance announced that their protocols were exploited due to the difference in LUNA market price and price feed as Chainlink paused the LUNA oracle. The seemingly endless freefall of Terra (LUNA) affected two decentralized finance (DeFi) protocols due to a price discrepancy, as the Chainlink price feed for LUNA gets suspended over…
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One of the United Arab Emirates (UAE)’s leading airlines, Emirates Airline, said it has plans to add “bitcoin as a payment service.” The airline is planning to recruit personnel to create applications that monitor client needs.
Two Different Applications and Approaches
The United Arab Emirates (UAE)’s leading airline, Emirates Airline, will soon embrace “bitcoin…
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Emirates is embracing new technologies such as the metaverse and NFTs to expand its reach, according to chief operating officer Adel Ahmed Al-Redha. Emirates, the largest airline in the United Arab Emirates (UAE), announced that it has plans to implement Bitcoin (BTC) payments and launch nonfungible tokens (NFTs) to be traded through the company’s websites. …
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It normally takes a newly formed esports team 12-18 months to gel and experience success, however GAIMIN Gladiator’s Dota 2 team only formed in January 2022 and they are already rising in the Dota 2 rankings, qualifying in the Top 14 for the ESL One DOTA 2 Major this May in Stockholm, increasing their following…
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Tesla chief Elon Musk’s deal with social media giant Twitter to take over the company has been put on hold. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk wrote on the social media platform around 09:45 UTC on Friday…. Read More:…
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