GMX jumped to as high as $60 from around $40, data on crypto price tracker CoinGecko shows, the highest since January, when the price hit $62. The token has since pared some of its gains, changing hands at $48 at press time. Trading volume exploded, reaching $150 million in the last 24 hours, almost 20 times larger than the previous day, CoinGecko data shows. Author: Krisztian Sandor Source link
Interoperability-focused blockchain network Cosmos has dropped a new whitepaper proposing a revamped Cosmos Hub aimed at strengthening interoperability and security, along with key changes to its native ATOM token. The new Cosmos whitepaper was released on Monday at the Cosmoverse conference in Medellin, Colombia. The upgrades outlined in the whitepaper are still technically in “proposal” status but changes are expected to be made on-chain on Oct. 3. Cosmos is an ecosystem of blockchains designed to scale and interoperate with each other. Cosmos Hub was the first blockchain to be built on…
Approximately 14 days ago, the stablecoin neutrino usd (USDN) tapped a high of $0.994 per unit, and ever since then, USDN has not been able to rise above the $0.97 per unit range. The dollar-pegged asset is associated with the Waves blockchain protocol, and recently the Neutrino Protocol decided to add a token called SURF to USDN’s reserve basket in order to “improve the mechanics of recapitalizing USDN reserves.” Waves Stablecoin USDN Falters, Team Adds SURF to Improve Algorithmic Stablecoin’s Reserve Mechanics, Waves Founder Dismisses Critics Another stablecoin has shown…
The Acala Network’s aUSD stablecoin depegged by over 99% over the weekend and forced the Acala team to pause a hacker’s wallet, raising concerns about its claim of being decentralized. On Aug. 14, a hacker took advantage of a bug on the iBTC/aUSD liquidity pool which resulted in 1.2 billion aUSD being minted without collateral. This event crashed the USD-pegged stablecoin to a cent, and in response, the Acala team froze the erroneously minted tokens by placing the network in maintenance mode. The move also halted other features such as…
“To ensure that Minecraft players have a safe and inclusive experience, blockchain technologies are not permitted to be integrated inside our client and server applications, nor may Minecraft in-game content such as worlds, skins, persona items, or other mods, be utilized by blockchain technology to create a scarce digital asset,” Minecraft studio Mojang said in a statement. Author: Eli Tan Source link
Leading cryptocurrency stablecoin Tether has announced the launch of a new asset, Tether (USDT) tokens, built on the Tezos blockchain, and with the ambition of expanding its digital footprint across the digital payments and decentralized finance (DeFi) sector. According to the press release, “USDT on Tezos will power revolutionary applications across payments, DeFi, and more.” In conversation with a Tether representative, greater context was provided as to the intended utility of Tether tokens: “Tether tokens are not an investment but a utility for engaging in internet commerce, combating volatility, and providing a…
“Currently, the burning of UST is too slow to keep pace with the demand for excess UST to exit the system, which is hindered by the BasePool size,” reads the proposal. “Eliminating a significant chunk of the excess UST supply at once will alleviate much of the peg pressure on UST.” Author: Sam Reynolds Source link
LUNA token down is 52% on-day while UST is trading at 76 cents. Author: Sam Reynolds Source link
Kuna,United States – May 9, 2022 — The newly created site is fueled by a commitment to the crypto community and to factual and informative news from the blockchain industry. While the site focuses mainly on the HIVE token, they also track the movement of other popular tokens and the industry as a whole to provide greater context. To find out more, visit http://www.hivewires.com The site has been created to fill the need for reliable industry information coming out of the DeFi space, as unbiased coverage can be difficult to…
Fan token platform Socios has partnered with 26 Major League Soccer (MLS) teams to offer fan engagement experiences and rewards, but so far no fan tokens have been announced. The biggest pro soccer league in the U.S. made a joint announcement with Socios on Wednesday detailing that the partnership will help fans gain access to “exclusive rewards, polls, and opportunities” for the 26 partnered MLS clubs. Welcome to https://t.co/2FROhSNgw8, @MLS. pic.twitter.com/340He1OzQA — Socios.com (@socios) May 4, 2022 Although the announcement did not mention any specific fan engagement events, it stated…