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“# Terra price gains 75% in February as $2.57B in LUNA tokens removed from supply ” Terra (LUNA) emerged as one of the best performing financial assets in February, a month mired by geopolitical conflicts and their negative impacts on the crypto market. LUNA decouples from the crypto market LUNA’s price surged by a little…
“# Crypto Biz: Stablecoins are serious business, Feb. 17-24 ” Stablecoins used to be a sort of taboo subject in the crypto community after it became common practice to criticize Tether’s reserve backing. Are you really a seasoned crypto investor if you haven’t gone down the USDT rabbit hole? Some of those concerns were finally…
“# Terra LUNA price nears key level after rallying 45% this week ” A rebound rally in the Terra (LUNA) market this week risks exhaustion as the price retests a key trendline for a potential pullback. Descending channel risks LUNA decline LUNA has been trending lower inside a falling channel—made up of two parallel descending…
“# USDT premiums soar on Ukraine’s Kuna exchange ” Against the backdrop of an ongoing Russian invasion, the price of Tether’s USDT stablecoin soared to as high as 36.97 Ukrainian hryvnia (UAH) on Ukraine’s Kuna exchange on Thursday. The total trading volume of all cryptos on the exchange amounted to about $4.4 million in the past 24…
“# Total stablecoin supply hits $180 billion: Report ” Move aside Bitcoin (BTC), stablecoins are holding the spotlight. Crypto research outlets Arcane Research and CryptoRank confirm that stablecoin supply hit the milestone amount of $180 billion. The growth in stablecoins continues to outpace the rest of the market, up 6% in the past 30 days. …
“# Wyoming lawmakers introduce legislation for state-issued stablecoin ” Four members of the Wyoming Legislature have sponsored a bill that would allow the state treasurer to issue a stablecoin. On Thursday, Wyoming state Senators Chris Rothfuss and Tara Nethercott with House Representatives Jared Olsen and Mike Yin introduced Senate File SF0106, titled the “Wyoming Stable…
“# Terra injects 450M UST into Anchor reserve days before protocol depletion ” In a tweet published early Friday, Do Kwon, founder of Terraform Labs, the entity developing the Terra Luna (LUNA) and Terra USD (UST) stablecoin ecosystem, announced the injection of 450 million UST ($450 million) into the Anchor protocol’s reserves. The proposal passed…
“# Circle’s valuation doubles to $9B following revised merger agreement with Concord ” USD Coin (USDC) operator Circle has seen its valuation double to $9 billion after the company revised its merger agreement with Concord Acquisition Corp, a special purpose acquisition company (SPAC) founded in 2020. Circle announced Thursday that it had terminated its previous…
“# Fireblocks acquires stablecoin payments platform First Digital ” Blockchain infrastructure company Fireblocks has finalized the acquisition of First Digital, a stablecoin and digital asset payment platform, as part of a broader effort to expand its payment capabilities for the cryptocurrency sector. The acquisition gives Fireblocks additional resources to enable payment service providers to acquire…
“# US lawmaker introduces bill for government-backed insurance of ‘qualified’ stablecoins ” House Financial Services Committee member and New Jersey Representative Josh Gottheimer has introduced legislation that would have the Federal Deposit Insurance Corporation back stablecoins in a manner similar to fiat deposits. In a draft of the Stablecoin Innovation and Protection Act of 2022…