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In the quest to support the revival of Terra (LUNA), the community voted to burn a large amount of UST from its community pool. Earlier in May, the Terra founder Do Kwon explained that a potential solution to the Terra debacle is to absorb the stablecoin supply.
Cardano founder, Charles Hoskinson, a longtime proponent of more government transparency when it comes to regulation and how ADA may aid in the wider acceptance of cryptocurrencies among policymakers
Ethereum is shifting from PoW to PoS network to solidify its stance in the crypto space. This plan and preparation, which have been ongoing for more than a year, seem to be ending.
The meme-inspired cryptocurrency Shiba Inu ($SHIB) has added over 30,000 new holders over the past 30 days, even as the price of the cryptocurrency plunges, and SHIB’s burn rate has kept on climbing.
Speaking on the Terra network’s demise has been greatly magnified. At least, that is what the LUNAtics will want to believe as multiple developers pledge to do their part to help the ecosystem on its journey to regaining its feet.
In the meantime, DOGE now is back on the first of most actively purchased tokens on the BNB Chain (formerly known as the BSC chain).
The fork was due to a new change in the protocol that adds a ‘proposer boost’ to address certain potential attacks, according to Terence Tsao an Ethereum Protocol Developer at Prismatic Labs.
Tether has released a new Mexican peso-pegged stablecoin, marking its entrance into Latin America. Dubbed MXNT, the stablecoin will previously be available on the Ethereum, Tron, and Polygon Blockchain, Tether stated today.
As stated by on-chain analytics firm Santiment, XRP whales holding between 1 million and 10 million XRP have been on an accumulation spree as the supply held by this category of whale reaches a two-month high.
A fresh partner of the popular meme coin is the decentralized ticket and hotel booking platform XcelTrip, which announced the implementation of SHIB as a payment method.
