Day: April 14, 2022

Terraform Labs gifts another $880M to Luna Foundation Guard

Brian Quarmby

Terra (LUNA) blockchain developer Terraform Labs (TFL) has gifted the Luna Foundation Guard 10 million LUNA worth around $820 million at current prices. The Luna Foundation Guard (LFG) is a nonprofit organization attached to Terra that is tasked with collateralizing the network’s algorithmic stablecoin Terra USD (UST) to keep it pegged with the U.S. dollar. Terraform Labs’ latest announcement came via Twitter on April 14, but did not outline what the funds will go towards specifically. However, transaction data from Terra Finder shows that 7.8 million LUNA (roughly $630 million)…

Bitcoin Continues To Slide As Macroeconomic And Geopolitical Anxiety Persist

Jet Encila

Bitcoin sank to an intraday low of $39,714.69 on Friday, following a late surge above Wednesday’s critical resistance level of $41,500. BTC was down as traders braced themselves for the lengthy Easter weekend. Bitcoin – the world’s most sought-after digital asset – has fallen about $10,000 from a two-week high of $48,220, its highest level in over four months. However, following weeks of retreats, it looks as though market analysts have identified a stable floor at $39,300, with bulls now attempting to drive prices higher once more. Related Article |…

Robinhood CEO outlines how DOGE could become ‘currency of the internet’

Tom Mitchelhill

Robinhood CEO Vladimir Tenev took to Twitter on Thursday afternoon to explain how Dogecoin could become the “future currency of the internet.” In a thread of 12 posts to his nearly 200,000 followers, Tenev outlined what steps need to be taken to transform the memecoin into a usable asset for everyday payments and transactions on the internet. Can #Doge truly be the future currency of the Internet and the people? As we added the ability to send/receive DOGE on Robinhood, I’ve been thinking about what that would take. — VLAD…

Bitcoin Bears Keep Pushing, Why There’s Risk of More Losses

Aayush Jindal

Bitcoin failed again to clear the $41,500 resistance zone against the US Dollar. BTC could extend losses if there is a clear move below the $39,200 support zone. Bitcoin made another attempt to gain pace above the $41,500 level but failed. The price is now trading below $41,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $40,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend decline if there is a…

SEC case is going ‘much better than I hoped’

Tom Mitchelhill

Ripple CEO Brad Garlinghouse is increasingly optimistic that the long-running case with the Securities and Exchange Commission (SEC) will deliver a positive result for the blockchain-based global payments company.  Speaking on the main stage at Paris Blockchain Week on Thursday, Garlinghouse told attendees of the fireside chat that Ripple’s defense in the ongoing case was faring better than he expected. “The lawsuit has gone exceedingly well, and much better than I could have hoped when it began about 15 months ago.” Live from #PBWS2022, @bgarlinghouse sat down with @cnbc‘s @ryan_browne_…

Yes, Crypto Is Cool. But How About Starting With More User-Friendly Tools?

Anthony B

Indeed, even as public awareness about crypto mushrooms, and some of the world’s largest institutional investors launch their first projects to address demand for the asset, crypto has yet to approach parity with traditional currencies. Even in the United States, with its massive wealth and hubs of innovation, people rarely use crypto to pay rent, taxes or other common expenses. Relatively few retailers accept it. Author: Daniel Cawrey Source link

Algorand founder Silvio Micali wants to usher in the democratization of finance

Ornella Hernández

Cointelegraph’s Joseph Hall sat down with Silvio Micali, the founder of Algorand, as part of its on-the-ground coverage of the Paris Blockchain Week Summit, or PBWS. Algorand is a blockchain that uses a Pure proof-of-stake (PPoS) protocol, and the company was one of the main sponsors of the summit.  Micali started off by explaining that the the blockchain trilemma, claiming that no blockchain can be all three at once — secure, scalable and decentralized — is false. He affirmed that Algorand actively works to solve this so-called trilemma by pushing the…