The top smart contract platform tokens by market capitalization and the total value locked (TVL) in decentralized finance (defi) have swelled significantly in value during the last few days. Since the value locked in defi reached a 2022 low of $70 billion on June 19, the defi ecosystem’s entire TVL has grown by more than…
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The Tron (TRX) founder Justin Sun says that TronDAO, a decentralized autonomous organization (DAO) that governs the Tron network’s development, wants to “acquire” a non-fungible token (NFT) arm of the Chinese tech powerhouse Tencent…. Read More: Tron’s Justin Sun Eyes ‘Acquisition’ Move for Tencent’s NFT Division Read more »Pay, Trade, Buy Bitcoin with Credit Card
July is here, and both June and the first half of 2022 – which admittedly have been pretty miserable for the crypto market – are now finally behind us. As usual, we take a look at how the most popular coins in the market have performed for the past month, quarter, and half-year…. Read More:…
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Amid the crypto market carnage this weekend, another stablecoin slipped below the $1 peg on Saturday, June 18, as the crypto asset called magic internet money (MIM) briefly dropped to a low of $0.914 per unit. The Abracadabra-issued stablecoin dropping in value follows the recent terrausd (UST) failure and USDD’s recent volatility last week. Stablecoin…
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Decentralized finance (defi) has been hit hard by the recent crypto market rout as the total value locked (TVL) across 118 different blockchains has slipped below the $100 billion mark to today’s $74.27 billion. The TVL in defi today is down more than 70% from its December 2, 2021, all-time high (ATH) at $253.91 billion.…
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The Tron DAO Reserve (TDR), the entity in charge of managing Tron-based stablecoins, aims to deploy another USD 500m worth of the stablecoin USD coin (USDC) to defend the peg of its algorithmic stablecoin USDD. The move comes as USDD, despite being overcollateralized, has plunged to USD 0.96, further distancing from its intended peg…
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The price to short the Tron blockchain’s native token TRX reached as high as 500% annually on crypto exchange Binance today, as traders rush to place bets that the token will fall further…. Read More: Massive Short Interest Pushes Funding Rate of Tron’s TRX to Negative 500% Annually Read more »Pay, Trade, Buy Bitcoin…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Goldman Sachs Launches New Ethereum Derivative, Layoffs at Crypto.com, Binance vs. Private Litecoin + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
While the crypto economy has dropped lower in value against the U.S. dollar, sliding to just under $1.2 trillion, the value of decentralized finance (defi) protocols and smart contract tokens has suffered a great deal. Statistics show that the total value locked in defi has dropped 7.96% since May 18, to roughly $104 billion, and…
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Crypto entrepreneur Justin Sun’s blockchain Tron (TRX) has revealed details about the backing of its new algorithmic stablecoin USDD in what appears to be an effort to maintain confidence in the project following the collapse of major algorithmic stablecoin terraUSD (UST)…. Read More: Justin Sun’s Tron Reveals More Details of USDD Backing in a…
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