Tether (USDT) Reassure Investors As Celsius (CEL) Experience Difficulties
After one of its many investments, Celsius experiences a crisis that causes it to devalue, Tether published a statement to assuage investor concerns. Crypto lending platform, Celsius is experiencing difficulties due to extreme market volatility, and its native token CEL has lost more than 50% of its value. Celsius pauses operations due to market volatility […]
TRON Releases $700 Million To Support USDD Stablecoin
Even though TRON (TRX) prices were having a better performance amid the recent crash, they have dropped by more than 16 percent in the last 24 hours. TRON head, Justin Sun has planned to spend more than $2 billion to defend and gain support. When the USDD stablecoin lost its peg for a short time, […]
Anchor Protocol Developer Reveals He Warned Terra’s Founder Over Unsustainable 20% Interest Rate
According to Mr. B, the Anchor Protocol platform was designed to only offer an interest rate of 3.6%. Anchor protocol was originally intended to offer a 3.6 percent interest rate, but this was increased to 20 percent just a week before release to attract more investors, according to a core developer in an interview with […]
This Blockchain Was Suspended After It Loses $5 Million Due To Bug
After a bug threatened to sap the chain’s liquidity, Osmosis, a layer-1 blockchain on the Cosmos network, was suspended on Wednesday. Validators intervened to stop block production after discovering a new bug that allows users to gain 50% extra when withdrawing their deposits from a liquidity pool. Users took advantage of this and threatened to […]
Terra’s Anchor Protocol Plans To Shut Down After UST Crash
All operations on Anchor Protocol will reportedly be put to a halt except for withdrawal and deposit as the DeFi platform indicated that users have decided to limit its functions. Anchor Protocol, Terra’s largest DeFi platform, recently proposed freezing Anchor Earn and borrowing functions to protect it from attacks. Its community has finally voted on […]