Cryptocurrency Analysis and News Portal
While Bitcoin (BTC) and major altcoins tend to garner most of the attention from investors, there are several projects that aim to bring greater decentralization, transparency, accountability and financial inclusion to society and businesses. For the past few months, Cryptox has been identifying such projects extensively and several of the tokens
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The creators of the Tendermint-based Terra suite of stablecoins are opening a fund to foster its tokens’ usage anywhere people are doing decentralized finance (DeFi) – and that primarily means Ethereum.Announced Thursday, Terraform Labs has launched a $10 million fund, Terraform Capital, to drive integrations of either its dollar-pegged stablecoin,
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During a bull market, negative news is quickly digested and the collateral damage is often limited. Therefore, even as XRP price dumped aggressively due to the uncertainty regarding the outcome of the U.S. Securities and Exchange Commission lawsuit, other altcoins have largely been unaffected.Crypto market data daily view. Source: Coin360Moreover, as Bitcoin’s
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The creators of stablecoin platform Terra announced the launch of the Mirror Protocol Thursday, a way to mint crypto assets that mimic the value of shares in publicly traded companies like Apple or Tesla.“We were motivated to create a way for retail investors around the globe to more easily participate
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Hybrid blockchain platform Kadena is teaming up with stablecoin maker Terra with the aim of expanding its decentralized finance (DeFi) platform. Announced on Tuesday, Kadena said that it will add Terra’s Luna stablecoin to its decentralized exchange Kadenaswap, which was announced earlier in September and is expected to roll out at
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You’re going to have to wait a little longer for the liquidity mining–powered savings account from Korean stablecoin maker Terra. The savings account’s returns will be based on various proof-of-stake currencies, plus additional yield over the first five years in the form of its growth token. The system is called Anchor
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U.S. blockchain network Solana has teamed up with South Korean payment platform Terra to bring stablecoins into its dApp ecosystem. The Terra platform is backed by Korean eCommerce giant TMON. Solana was launched in 2019, and claims to have superior technology in terms of scaling (65,000 transactions per second), security
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In a press release Thursday, Terra announced its stablecoin issuance protocol would act as Mongolian messaging app memeChat’s new financial backbone. That app, which has attracted 50,000 users since its March launch, now features the Terra-backed memePay payment service as well. Source
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