Last week as the Terra blockchain collapsed, the turbulence was felt by the whole cryptocurrency market as the major cryptocurrencies collapsed to its lowest level of 2022. In one week, more than $30 billion worth
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Yesterday, the 17th of May, the cryptocurrency market was in green with Bitcoin and other major cryptocurrencies trading positively. However, this bullish trend didn’t last for long as the bearish trend had escalated during the
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Most users feel frustrated and want nothing to do with Do Kwon A complete majority of the Terra community is voting against Do Kwon’s relaunch plan, which included a fork of the existing network and
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LFG killed its own creation because of flawed design Leading blockchain analyst Willy Woo has exposed a major flaw in Terra STU design that may have potentially created a “death spiral” for LUNA and UST
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On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin
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Here’s Why Cardano’s First Algorithm-Based Stablecoin Can’t Collapse Like UST Cardano (ADA) enthusiast and developer who goes by @nazarcapital on Twitter explained how the additional asset SHEN can prevent DJED from being de-pegged even in hard
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This week, the crypto market touched rock bottom as the drop in Bitcoin, altcoins and stablecoins soured investor sentiment. In at least two years, Bitcoin had its most tumultuous week and the market continued to
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This is not the first occurrence of the USDN's price slipping significantly from the dollar peg Neutrino USD (USDN), an algorithmic stablecoin that is part of the Waves blockchain ecosystem, fell below its peg to
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The fall of Terra’s UST has triggered heated debate over the future of stablecoins, as well as a significant drop in crypto market sentiment. UST de-pegged from the dollar earlier this week and has fought
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On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it
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