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” 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…
” UST aftermath: Is there any future for algorithmic stablecoins? “ TerraUSD (UST) is an algorithmic stablecoin that is pegged at $1.00. But, on the evening of May 19, it was trading for $0.083. This isn’t supposed to happen, of course, but last week UST, along with its affiliated coin Terra (LUNA), performed a sort…
” Mashinsky says ‘Sharks of Wall Street’ circling around Celsius and other projects “ The CEO of crypto lending and staking platform Celsius Alex Mashinsky believes “the Sharks of Wall Street” can smell blood in the water and are causing instability at several crypto projects. Mashinsky attributes recent Celsius (CEL) price falls, the brief Tether…
” How NFTs are making real estate investments more attainable “ Analysts continue to view real estate as a secure and lucrative investment based on its history of higher returns, especially when compared to traditional stocks. In many ways, stability can be likened to the scarcity principle driving demand. But ultimately, there are only so…
” Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15 “ Avalanche (AVAX) has emerged as one of the worst-performing cryptocurrencies among the top-ranking tokens in the last 24 hours, partially due to fears connected to Terra (LUNA) and it’s a near-dead UST algorithmic stablecoin project. Avalanche price dips amid Terra’s tax…
” Lost SOL? Persistent challenges continue to impact Solana price “ The past thirty days have been an extremely bearish time for cryptocurrencies. The sector’s aggregate market capitalization plunged 33% to $1.31 trillion and Solana’s (SOL) downfall has been even more brutal. Currently, SOL has seen a 50% correction and trades at $51. Solana/USD price…
” Swiss asset manager Julius Baer eyes crypto and DeFi potential “ The 132-year-old Swiss asset management firm, Julius Baer, intends to offer exposure to cryptocurrencies and decentralized finance (DeFi) for its high net-worth clients. The firm’s CEO Philipp Rickenbacher confirmed the move into the cryptocurrency space during his delivery of the company’s strategy update…
” 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…
” DeFi-ing exploits: New Chainalysis tool tracks stolen crypto across multiple chains “ Blockchain analytics firm Chainalysis has released a new tool to track transactions across Decentralized Finance protocols and multiple blockchains. Chainalysis launched a beta version of its Storyline software on May 18. Touted as a “Web3-native blockchain analysis tool,” Storyline aims to track…
” What is Sorare and how to play it? “ Sorare is where fantasy soccer and cryptocurrency meet. For soccer fans, this is a way to be competitive off the field and invest heavily right away. Users can play the game online in their browser or download the Sorare app. In this article, you will…