Terra’s UST Stablecoin Flips BUSD Making It Third Largest On The Market

Terra’s UST Stablecoin Flips BUSD Making It Third Largest On The Market

The Terra Network’s native UST stablecoin has seen its market capitalization surpass BUSD, making it the third-largest-stablecoin.  According to CoinGecko, the Terra (LUNA) blockchain’s algorithmically balanced Terra USD (UST) stablecoin surged more than 15% in the past 30-days and hit $17.5 billion earlier today, 18th April, exceeding Binance USD (BUSD) by $100K.  UST is currently … Read more

Tether Launches USDT Stablecoin On Kusama Parachain

Kusama_usdt

Tether Operations Limited has announced that it will be launching its market-leading USDT stablecoin on Kusama’s Statemine parachain where it will be used to power transactions.  According to an official Tether blog post published yesterday, 13th April, Tether USD (USDT) will be traded with the ID ‘1984’ on Kusama.  Paolo Ardoino, CTO at Tether, said: … Read more

SHIB Surges To 2-Month High Following Robinhood Listing

SHIB Surges To 2-Month High Following Robinhood Listing

The legendary dog-themed meme coin Shiba Inu has surged to a two-month high after the Robinhood trading platform listed the token; meanwhile, Bitcoin continues to struggle.  Shiba Inu (SHIB) skyrocketed above its two-month $0.00003 high after the stock and crypto trading platform Robinhood announced that it would list the token.  According to Statista, Robinhood has … Read more

Ethereum One Step Closer To PoS After Implementation of First Shadow Fork

Ethereum One Step Closer To PoS After Implementation of First Shadow Fork

Ethereum developers have announced the first successful implementation of a “shadow fork” on the network, which is a big step towards shifting the network to proof-of-stake. The successful fork was announced on Twitter by Parithosh Jayanthi from the Ethereum Foundation on Sunday, 10th April and it went live the following day, Monday, 11th April.   The … Read more

Bitcoin Outflows From Exchanges Hits Record High of $4 Billion

Bitcoin Outflows From Exchanges Hits Record High of $4 Billion

The co-founder of the crypto analytics firm Glassnode says a spike in Bitcoin’s price is inevitable as BTC outflows from exchanges reach historic monthly highs of $4 billion.  “Short-term BTC is fragile. Long-term higher prices are inevitable.”, Tweeted Yann Allemann, the co-founder of Glassnode, last Thursday, 7th April.  Allemann analyzed the net unrealized profit/loss (NUPL) … Read more

Terra’s Bitcoin Stash Already In The Green By Over $165 Million

Terra’s Bitcoin Stash Already In The Green By Over $165 Million

The Luna Foundation Guard (LFG) has profited over $165 million following its spending spree on Bitcoin (BTC), which is expected to continue until it secures $10 billion worth of BTC.  Terra co-founder Do Kwon revealed earlier in March, that LFG would add $10 billion worth of BTC to its wallet with the idea that the … Read more