Terra Classic Community Vote On Proposal Plan for LUNC, USTC to $1
The Terra Classic community attempts to revive LUNC and USTC prices to $1 through numerous means. Currently, the congregation voted on a signaling proposal that claims to revive the LUNC price to $1. Proposal 11549, “Final Vision Plan for LUNC to $1+”, by validator JESUSisLORD, seeks to increase the LUNC on-chain tax to 1.5%, in […]
USDT market cap soars to $2B following sanctions on Tornado Cash
Since the U.S. Treasury Department sanctions on cryptocurrency mixer Tornado Cash, the market capitalization of Tether (USDT) tokens has grown by around $2 billion reversing a three-month-old downtrend. On August 8, the Office of Foreign Asset Control effectively banned Americans from using Tornado Cash by adding 44 addresses for the service’s USD Coin (USDC) and […]
Do Kwon breaks silence over Terra’s demise
Do Kwon has broken his silence over the demise of the algorithmic stablecoin Terra USD (UST) and LUNA, this has triggered negative reactions from the crypto community. The Terra CEO continues to be unpopular with the community despite Kwon’s attempts to defend himself in an interview. Podcaster Eric Conner contrasted Do Kwon’s predicament to that […]
Tether (USDT) Whale Wallets Hit 3-Year Low
There is a dwindling whale interest in Tether as the uncertainty over USDT’s reserve grows. According to new data, ongoing aversion to Tether (USDT), the largest stablecoin, appears to have crept into its largest wallets. According to data from blockchain analytics startup Santiment, addresses holding $100,000 to $10 million USDT are nearing three-year lows in […]
Shiba Inu to launch new token dubbed TREAT
According to Shytoshi Kusama, the chief creator of ShibaSwap and a significant SHIB influencer, Shiba Inu will launch a new token TREAT, as part of its growth process. Shytoshi’s blog, which also included additional updates on Shiba’s L2 blockchain Shibarium and its stablecoin, SHI, was where the Treat launch announcement was made. The Treat token […]