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Crypto markets took a tumble in early European hours as financial regulators in the U.S. and U.K. took measures to curb growing inflation concerns earlier this week.Bitcoin followed a slide in global technology stocks, falling nearly $1,000 in Asian hours on Friday. Sentiment was dented after the Bank of England
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Meanwhile, fundamentals remain strong for large-cap cryptocurrencies like polkadot and terra. Polkadot’s much-awaited ‘parachain’ feature went live last month, allowing investors and the community to lock up DOT tokens in an auction for other blockchains, that build atop the main Polkadot blockchain. In return investors, receive the native tokens of
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“The Terra ecosystem’s growth potential, particularly after the latest Columbus-5 upgrade and announcements on Risk Harbor insurance wrapped protection, is limitless,” said Jake Cormack, chief operating officer at Chiron Partners. “We want to work closely with visionaries behind up-and-coming projects built on Terra, supporting them with not just capital, but
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The recent movements in the treasury of Terra, a decentralized financial payment network, which is now burning more than $4 billion worth of LUNA due to a governance proposal, have seemingly made the price of the asset rise to all-time high (ATH) levels. This rise has been also accompanied by
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A $2.3 million private token sale by non-fungible token (NFT) marketplace Talis could expand NFT offerings on the Terra blockchain in the coming year.The company announced the sale Monday, which was led by ParaFi Capital and Arrington Capital and included investment from Benson Oak Ventures, GCW Capital and Blocbits.As NFTs
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Terra, an algorithmic stablecoin project, will burn $4.5 billion worth of terra (LUNA), its native token, from its community pool. The decision was taken using the on-chain governance system, and according to proposals 133 and 134, the LUNA will be burned and swapped for the native stablecoin of the chain,
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The Terra community on Tuesday night passed a popular proposal to burn about 88.7 million terra (LUNA) tokens, worth roughly $4.5 billion at current prices, and mint about four million to five million UST stablecoins, a decision that should further boost the Terra project, according to analysts. Source
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Ethereum-based (ETH) decentralized finance, or DeFi, risk management marketplace Risk Harbor will soon take over control of Terra's Ozone Protocol, according to a press release published on Thursday. Ozone is a decentralized insurance mechanism that provides coverage in the event of technical failures on the Terra DeFi ecosystem. The latter
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Wormhole, a communication bridge between Solana and other top decentralized finance (DeFi) networks, has added user interface support for the Terra network.The move allows users to port digital assets between Terra, Solana (SOL), Ethereum (ETH), and Binance Smart Chain (BSC) via a single unified interface without the need to double
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