Terra LUNA and UST de-peg were a massive blow to the crypto community. It was one of the most appalling events in crypto history. Through the analysis below, we try to determine what factors led to the fall of Terra LUNA, in which investors lost around $40 Bn within a week, and its recovery plan. Terra is the decentralized blockchain built by Terraform Labs. It was founded by Do Kwon and Daniel Shin and launched its main net in April 2019. It uses the COSMOS SDK, a framework for building blockchain applications that use the Tendermint-powered Proof of Stake consensus mechanism. There are two ..read more

One of the disruptive technologies that is now generating a lot of buzz is blockchain.These digital assets have been prone to a variety of opinions, ranging from “they are the saviours of a broken financial system that can financially empower individuals” to “they are exclusively used by criminals and terrorists to support their illicit activities.”  We as retail investors have always been following these billionaires with high acumen religiously and their views have created a significant impact on the investment decisons we make.It’s the wealth they have accumulated through their right i ..read more

The concept of smart contracts was first proposed by Nick Szabo in 1994. Like many other legal institutions, traditional contracts faced several challenges which can be resolved by digitization. The introduction of smart contracts paved the way for a new era of contracting and posed a challenge to the prevailing procedures of contract law. What are smart contracts? Smart contracts are basically autonomous programs used to automate the execution of an agreement so that all participants can be certain of the outcome without the need for an intermediary.. Simply put, smart contracts are blockcha ..read more

With the ever-increasing hype of Metaverse, many industries are merging their operations with the digital world to remain relevant and be on par with the competition. In the present scenario, the physical and digital realms have started to coexist. Businesses have tried to gain the first mover advantage into this new arena (Metaverse) to explore new opportunities topped with a fresh and enthusiastic market. What is Metaverse Explaining Metaverse in some definitive terms is quite tricky. The idea of the Metaverse has been in existence for quite some time and is on a consistent path of evolutio ..read more

Celsius is the largest loan and borrowing platform that has been operational since 2017. Celsius Network’s valuation was above $3,500M. On the platform, customers have the option to earn income on their crypto assets by storing them there or using them as collateral for loans.  Celsius is a centralized platform like BlockFi and Nexo that allows users to earn interest in their cryptocurrency holdings. These firms behave in a manner comparable to that of financial institutions, like banks. Profits are generated  using the cryptocurrency that has been deposited. Celsius takes customer d ..read more

In Today’s Manic Monday’s Letter Bitcoin breaks $20K support levels 150 Mn worth of XRP transferred from Bithump by a crypto whale Ethereum drops below the $1K mark MakerDAO adopts an alternative as staked Ethereum (stETH) slumps NFT.NYC anticipates a “diverse and eclectic audience” to drive the utility concept of NFTs Despite the market crash, Elon stays bullish on DOGE Industry Outlook Quick Bites Bitcoin breaks $20K support levels~ Bitcoin (BTC) plummets below the $20,000 mark for the first time since December 2020, falling 7% percent in the previous 24 hours. Looking on th ..read more

The crypto market has been hit by a storm as the world’s largest cryptocurrency had fallen below the crucial psychological mark of $20K. From the start of the week until now, the overall market cap of the crypto industry has fallen by 18% from $1.1 trillion to $902 billion. The fear & greed index indicates market sentiment has dipped to the category of “extreme fear”. Bitcoin Liquidations Hitting Roof Bitcoin witnessed the highest long liquidation worth was $400Mn in a single day. The liquidations were the result of heavy leverage taken by traders with the aim of maximizing gains. However ..read more

Overview Tron USDD, an algorithmic stablecoin, lost its dollar peg on Monday amid a broader crypto market nosedipped. As per the CoinMarketCap, the token is now changing hands for $0.96. It went as low as 91 cents. TRX also slumped more than 25% around that time, sparking fears that the token may be on the verge of its death spiral. USDD Drops below the peg USDD is just 40 days old and is fighting for its life. In response to the de-peg, the TRON DAO reserve, an organization which is set up to ensure USDD trades at dollar parity, has deployed $2 Bn to restore the USDD peg. It has still not b ..read more

What is Celsius? Celsius-Network is a CeFi lending and borrowing platform that has made crypto accessible to 1.7 Mn+ users. It could be thought of a centralised version of the DeFi protocols wherein it offers the users to earn upto 18.5% APY on their 50+ digital assets that the network supports. Celsius claims to have processed $8.20Bn+ in loans and has AUM of around $11.2 Bn. Why Celsius in News? CEL- the native token of the Celsius network crashed by 53% today (June 13, 2022) and is currently down 25% from its opening price today. The panic triggered with the announcement by the Celsius netw ..read more

More than USD 1 million up for rewards  TDeFi, a crypto startup accelerator announces a Blockchain Business Hackathon in collaboration with Future Blockchain Summit at GITEX 2021-the world’s largest annual technology exhibition that takes place in Dubai. This Bizthon at GITEX  is an extension of our enduring efforts to enable visionary developers and entrepreneurs to build decentralized products. The purpose of this uniquely designed Bizthon is to shape an idea into a fully-funded operational business.  A Global Stage To Innovate And Collaborate: 4,500+ exhibitors, 250,000+ vis ..read more