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Fan Tokens: Keep These 5 Cryptos in Your Watchlist

It is no surprise that the crypto universe and its various affiliated virtual digital assets have taken the world by storm, even in the...

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Become the Whale in One Click

blueCryptocurrency, while unpopular at first, has made waves into the mainstream market. Crypto whales, those who buy large amounts of ...

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From crisis currency to consumer adoption: What next for crypto?

Tag Template - News Hub PRO PlatoBlockchain Data Intelligence | Vertical Search AI Cryptocurrencies have won credit for their role in Ukraine’s war, showing utility that will drive them beyond the battlefield, says Amber Group’s Michael Wu.

Alchemix: Real Magic at Work or a Brewing SCAM?

I first heard of Alchemix through an acquaintance when I was bemoaning about how I am rubbish at making money from crypto. What caught my attention about Alchemix was: self-paying loans. That was the magic phrase. My ears shot up like rabbits upon hearing the sound of a predator coming. So many questions followed. Of […]

The post Alchemix: Real Magic at Work or a Brewing SCAM? appeared first on Coin Bureau.

Terraform Donates Additional $1.2B to the Luna Foundation Guard

Terraform

Terraform Labs, the company behind Terra blockchain has announced an additional donation of 12 million LUNA or approximately $1.2 billion to the Luna Foundation Guard (LFG) that will be directed towards its growth and stabilization to maintain the UST dollar peg. Do Kwon, the CEO of Terraform Labs, announced on Twitter that the funds will be utilized to burn and mint its UST stablecoin in order to grow the reserves of the Luna Foundation Guard. TFL has donated 12M additional $Luna to @LFG_org. https://t.co/KOqaABKWZi The funds will be burned to mint $UST, and thereafter used to grow LFG's reserves. At current prices, this reflects another 1.2B incoming addition to the $UST reserves. 🌕 — Do Kwon 🌕 (@stablekwon) March 11, 2022 UST is an algorithmic-based stablecoin in the Terra ecosystem with an exchange rate of 1:1 with the U.S. dollar and is in part maintained by swapping of/for LUNA tokens when its market value deviates from its peg. The burning of $1 in UST results in the minting of $1 in LUNA and vice versa. The purpose behind the recent move is to maintain the stability of UST and its peg to the U.S. dollar. While other stablecoins manage to maintain this peg using various systems, UST relies on its relationship with LUNA, and the arbitrage opportunities that the treasury offers to traders. Earlier last month, the Luna Foundation Guard (LFG) raised another $1 billion through its sale of the LUNA token to build a bitcoin-denominated foreign-exchange reserve for UST.

The post Terraform Donates Additional $1.2B to the Luna Foundation Guard appeared first on Cryptoknowmics-Crypto News and Media Platform.

Multi-chain instant swap platform Symbiosis announces beta mainnet launch

Symbiosis Finance is a multi-chain AMM DEX and liquidity protocol that allows users to perform any crypto token swap.

The post Multi-chain instant swap platform Symbiosis announces beta mainnet launch appeared first on CryptoSlate.

Morgan Stanley now owns more Grayscale Bitcoin Trust stock than Ark

Wall Street's Morgan Stanley just can't stop buying Grayscale Bitcoin Trust as it awaits potential conversion to a spot exchange-traded fund.

The post Morgan Stanley now owns more Grayscale Bitcoin Trust stock than Ark appeared first on Protos.

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Bitcoin Surpasses All Time High in Russia

Bitcoin ATM in Moscow

Bitcoin has been on a bull run in Russia since their president Vladimir Putin opened war on Ukraine with it doubling to above 5 million rubles. On February 24th, bitcoin...

How The Latest Macroeconomic Trends Are Impacting Bitcoin

How stocks correlation, Grayscale, Russia, stablecoins, rate hikes and more are impacting the bitcoin price today.

Is mStable Truly Innovative or Just Redundant?

New protocols are constantly coming online in DeFi, with protocols using stablecoins being the most common. There are currently over 70 stablecoins in circulation, but no protocol supports all stablecoins.

Terra Is Now DeFi’s Network of Choice After Ethereum

The latest rise in the price of LUNA, Terra's native token, has made Terra the second-largest home for all things DeFi.

Earn 20% APY on stablecoins? That’s what Anchor Protocol promises

On the 10th of February Terra tweeted that it would inject $450 million into its official DeFi platform, Anchor Protocol.

The post Earn 20% APY on stablecoins? That’s what Anchor Protocol promises appeared first on CryptoSlate.

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