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” Exchanges back ‘Terra 2.0 revival plan’ via airdrops, listing, buyback and burning “ The fall of Terra (LUNA) shook the entire crypto market. However, the project has no plans to stay down as the project secured backing from crypto exchanges to help it rebuild. In an announcement Thursday, Terra provided details about the airdrop…
” Binance signs MOU with Kazakhstan to further crypto adoption and regulation “ 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 Kazakhstan’s Ministry of Digital Development,…
” Top 3 cryptocurrencies that are faring the best in the 2022 bear market “ The crypto market has been in decline over the past six months with its valuation dropping from over $3 trillion in November 2021 to $1.23 trillion in May 2022. Fears over persistently higher inflation, the Federal Reserve’s hawkish response to…
” Finance Redefined: Lifeline for Terra projects, proposed Terra hard fork and more “ The past week in the decentralized finance (DeFi) ecosystem was dominated by Terra’s collapse and its aftermath on various ecosystems it was connected. Now BNB chain has come to the rescue of several stranded projects on Terra by offering financial and…
” BNB Chain offers another lifeline to Terra ecosystem projects “ Binance will welcome migration and offer support to projects from the Terra (LUNA) ecosystem following this month’s unraveling of the decentralized finance (DeFi) platform and its algorithmic stablecoin. BNB Chain has committed to providing investment and support to projects that are considering migrating from…
” Crypto giants co-launch Chainabuse platform to water down rising scams “ Seven major crypto companies — Binance.US, Circle, Solana Foundation, The Aave Companies, Hedera, TRM Labs and Civic — joined hands to launch a community-driven scam reporting tool. Named Chainabuse, the tool aims to enable crypto users to issue warnings and discuss ongoing fraudulent…
” Binance CEO CZ to support Terra community but expects more transparency “ Changpeng “CZ” Zhao, the CEO of crypto exchange Binance, recently questioned the idea of hard forking the Terra blockchain as a means to revive the once-thriving LUNA and UST ecosystems. Following up on the same, CZ revealed his perspective on the appropriate…
” Breaking: Binance suspends LUNA and UST trading amid issues on Terra blockchain “ Global cryptocurrency exchange Binance has suspended trading pairs with Terra ecosystem’s cryptocurrencies, LUNA and TerraUSD (UST), on its platform following the major crash of the algorithmic stablecoin. Binance confirmed the move on May 13, with spot trading for LUNA/BUSD and UST/BUSD trading…
” Binance will delist LUNA/USDT contracts as price falls below 0.005 “ Major crypto exchange Binance announced it will be delisting its Tether (USDT)-margined Terra (LUNA) futures contracts following a more than 99% drop in price. In a Thursday blog post, Binance said it would be taking “precautionary measures” around its LUNA/USDT perpetual contracts, intending…
” PancakeSwap governance proposal set to cap CAKE supply at 750M “ PancakeSwap, the decentralized finance (DeFi) application built on Binance Smart Chain, synonymous with its automated market maker (AMM) service and its quirky branding style, has released a governance proposal for the second iteration of its tokenomics roadmap. The centerpiece of the lite paper’s…