This left 28,205 BTC in Terra’s reserves. At 1 a.m. UTC on May 10, those remaining reserves were moved in their entirety, in a single transaction, to an account at the cryptocurrency exchange Binance. Again it is not possible to identify whether these assets were sold or subsequently moved to other wallets, Robinson said. Author: Ian Allison Source link
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Breaking: Terra blockchain officially halted following LUNA price collapse This week, news about the Terra ecosystem dominated the headlines after algorithmic stablecoin TerraUSD (UST) lost its peg to the U.S. dollar — and continued to crash. At its lowest point during the week, UST fell…
We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 – 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! Remember “cyberspace?” We don’t think much about this term these days, but in the early days of the web, it was a whole new space. Things had meaningful addresses, not unlike physical addresses. There were even references, aka links, that could connect places together. In a URL, the L stands for “location.” Everything had a place. In physical space,…
The controversial crypto entrepreneur explains how an algorithmic stablecoin can still succeed while denying rumors he was behind the de-pegging of Terra’s failed UST. Author: Tracy Wang Source link
Satoshi's Mission, LUNA, UST and Where Crypto Went Wrong Author: Nathan Thompson Source link
The world of decentralized finance (DeFi) is gradually expanding to encompass a significant share of the global financial lending space by virtue of the inherently trustless manner of operation and the ease of accessing capital. As the crypto ecosystem has grown to a $2-trillion industry by market capitalization, new products and offerings have emerged thanks to burgeoning innovation in blockchain technology. Lending and borrowing have become an integral part of the crypto ecosystem, especially with the emergence of DeFi. Lending and borrowing are one of the core offerings of the…
FENIX360 is building a Web3, blockchain based ecosystem to connect musicians and other creators directly with their fans. Since 2018 FENIX has been building blockchain-based tools that help musicians at all stages in their careers to earn a living. Free Artist/Fan App Creation At the center of the FENIX360 ecosystem is a tool that allows an artist to build a content-filled app in 20 minutes that provides a rich environment for artists and fans to stay connected without costly intermediaries and algorithm-based filters. “With this simplicity, we hope to create…