The CEO of Terra Labs, Do Kwon, seems to have other issues hanging around his neck beyond just the crash of Terra and its stablecoin. The embattled CEO seems to be catching heat from a number of different angles, ranging from investors, crypto communities, and the government of South Korea.  South Korean popular news outlet Digital Today reported that information obtained from the South Korea Supreme Court Registry Office stated explicitly that the CEO has successfully ensured the liquidation of two branches and the entire LUNA company. LUNA’s two offices in Busan and Seoul ... Rea ..read more

The most recent crash of Terra was one of the most significant cryptocurrency catastrophes in history, taking out billions of dollars in value (approximately $45billion). The downfall of UST, which happened majorly between May 7- May 10, sent tremors through the cryptocurrency markets.  Janet Yellen (an American economist serving as the 78th United States secretary of the treasury since January 26, 2021) stated the incident demonstrated the dangers of tokens ostensibly pegged to the US dollar, and Acting US Comptroller of the Currency Michael Hsu termed it a "wake-up call" in the afte ..read more

Circle Internet Financial, a global internet financial corporation and issuer of the USD Coin (USDC), stated today that it is planning to launch Euro Coin, a fully-reserved, euro-pegged stablecoin (EUROC). The introduction of the Euro Coin intends to build on Circle's success in enabling frictionless financial value exchange. It will also aim to bridge the gap between crypto-native and traditional financial services. Euro Coin, which will be available on June 30, is a regulated, euro-backed stablecoin that will be issued using the same full-reserve mechanism and built on the same pillars o ..read more

The crypto sphere has been buzzing over the past few days owing to the Bitcoin halving event, but that does not mean that other cryptocurrencies have not been making waves as well. Chainlink (LINK) and Tezos (XTZ) may be two of the smaller cryptocurrencies when it comes to market cap, but both have made noticeable gains in recent days. Key Details The two projects entered into a partnership recently, and since then, the cryptocurrency tokens have been in lockstep. Both cryptocurrencies seemed to be in the dumps not long ago, but both LINK and XTZ have ... Read The Full Article On Crypto ..read more

Shiba Inu seems to be preparing for the next big thing in the blockchain market: the Metaverse. It is really surprising that during this bear period, when companies are laying off or experiencing a hiring freeze,  Shiba Inu has added a former iPhone developer to its metaverse team. The Shiberverse, an offset of the Shiba Inu Coin, has welcomed Sherri Cuono into its fold to expand the Shiba Inu collective brand.  Sherri, who helped build the first iPhone game, is now a new advisor to the “meme” coin’s team. Undoubtedly, this is a good addition to ... Read The Full Article On Cr ..read more

The bearish trends that have affected major cryptocurrencies continue as most of them have slipped by as much as 8% in the last 24 hours. Tokens of Solana (SOL) and Dogecoin dipped the most among the major cryptocurrencies, even as bitcoin remained mostly unchanged over the past 24 hours. According to data from CoinGecko, "SOL dropped by 8% and DOGE by 5%, while BNB Chain’s BNB, Cardano’s ADA, and XRP slid a relatively lesser 3.5%. Outside of the top ten, Avalanche’s AVAX slid a massive 11%, while Shiba Inu’s SHIB lost just 2.5% despite being a ... Read The Full Article On CryptoCu ..read more

The crypto sphere has developed at a remarkable rate over the course of the past half a decade, and one of the biggest developments has been the emergence of stablecoins like Tether (USDT). Despite skepticism from many in the crypto space, the stablecoin has continued to grow, and in a new development, it has been added by Algorand. Major Details This is a significant development for USDT, but it remains to be seen whether there is any rally in the stablecoin in the coming days. Algorand is one of the most innovative projects and operates a proof of stake ... Read The Full Article On Cryp ..read more

Altcoins had a pretty disappointing time in 2019, but since the turn of the year, it has been a different story, and one of the altcoins that could be watched closely at this point is Tezos (XTZ). Over the course of the past seven days, XTZ has enjoyed a sustained rally and has emerged as the highest gainer from among the top 20 tokens among cryptocurrencies by market cap. In the last seven days, XTZ has gained as much as 32.5%, and over the past 24 hours, it has managed to gain 6.5%. These gains have firmly positioned the ... Read The Full Article On CryptoCurrencyNews.com Get la ..read more

The New Year has seen a degree of a turnaround in the crypto space, as many tokens have recorded significant gains. One notable gainer is Tezos (XTZ). Since the start of the year, the XTZ token has more than doubled in price, and it goes without saying that it could be on the radars of most crypto traders by this point. More importantly, the coin has managed to break into the top 10 crypto projects by market cap thanks to this rally. Currently, XTZ enjoys a market cap of $1.9 billion. However, this begs the question of whether the ... Read The Full Article On CryptoCurrencyNews.com ..read more

Over the years, the crypto space has seen plenty of remarkable rallies, and one of the more noteworthy ones in recent times has been that of Tezos (XTZ). The token has rallied by as much as 400% over the past six months, and when an altcoin rallies so strongly over a sustained period of time, people are bound to take notice. Key Details Despite the strong move in the cryptocurrency over the past few days, it should be noted that a large number of XTZ tokens were recently moved to Binance. XTZ tokens worth as much as $650,000 were ... Read The Full Article On CryptoCurrencyNews.com ..read more