The biggest crypto heists of all time ranked
What are the greatest cryptocurrency hacks ever? Cryptocurrency hacks disclose digital currency’s security vulnerabilities, so what are the biggest crypto heists ever? Cryptocurrencies have been the focus of financial headlines due to their ability to disrupt markets in ways no one could have predicted. That isn’t to suggest that the crypto journey has been without […]
How to start NFT trading for free without gas fees
Many people have asked us recently how to start NFT trading for free without gas fees, so we’ve chosen to write this article on how you can mint (and hopefully sell) an NFT for free, with no gas fees or other expenses. First and foremost, a disclaimer. You may mint NFTs on a variety of […]
LUNA Topples Ethereum To Become Second Largest Network For Staked Value
According to recent data, LUNA records a staggering 226,325 stakes, which for $29.5 billion, thereby pushing the network into second place (above Ethereum) in staked value. LUNA has toppled Ethereum (ETH) in terms of staked value, according to Staking Rewards, with $29.5 billion worth of LUNA locked up compared to Ether’s $25.9 billion. According to […]
Bitcoin is heading for $42K support as stock market volatility pushes the price of the cryptocurrency lower
Bitcoin’s link to U.S. stock indexes has been highlighted by turbulent macro developments, with BTC/USD reaching its lowest levels for March so far. With U.S. equities going down, Bitcoin (BTC) broke past $43,000 after the March 3 Wall Street open. On the open, stocks and Bitcoin are both down. BTC/USD maintained within a small intraday […]
By staking market cap, Terra’s LUNA dethrones Ethereum 2.0 to be the number two cryptocurrency.
LUNA, Terra’s native cryptocurrency, has seen a robust increase despite recent market turmoil. The LUNA cryptocurrency is aiming for a new all-time high and is now trading 7.5 percent higher at $95.36 with a market capitalization of $35.7 billion. According to the most recent data from staking incentives, Terra’s LUNA has surpassed Ethereum 2.0 as the second-largest Proof-of-Stake (PoS) network. With increasing demand among DeFi protocols, Terra’s LUNA has emerged as a significant challenger to Ethereum. Terra LUNA, on the other hand, trails Ethereum in terms of total value locked (TVL), which presently stands at $23.7 billion. Among the top ten cryptocurrencies, LUNA has seen the most growth in the last week, with a gain of 77%. It has surpassed giants such as Solana (SOL), Cardano (ADA), and Avalanche to become the seventh-largest cryptocurrency by market cap (AVAX). So, why is the cost of LUNA so high? The Luna Foundation Guard (LFG) announced last week that the LUNA cryptocurrency would be sold over-the-counter. This money will be used to “establish a Bitcoin-denominated Forex Reserve for UST,” according to the Luna Foundation. LFG explained why this was done: Although the widespread adoption of UST as a consistently stable asset through market volatility should already refute this, a decentralized Reserve can provide an additional avenue to maintain the peg in contractionary cycles that reduces the reflexivity of the system. In terms of user acceptance, Terra has been one of the fastest-growing Layer-1 protocols. The price of its own cryptocurrency, LUNA, has mirrored this. Terra is also on track to cut into Ethereum’s DeFi market cap. In such a short amount of time, the Terra ecosystem now hosts 13 DeFi protocols. This year, a huge number of DeFi protocols are expected to enter the Terra ecosystem. LUNA’s price has also risen due to the burning mechanism of Terra’s native stablecoin, UST.