Category Archive: Cryptocurrency, No picture
A Beginner’s Guide to Terra’s DeFi Ecosystem
Key Takeaways Terra is a programmable blockchain and payments-based financial ecosystem with a unique suite of DeFi protocols. Terra is interoperable with some of the biggest blockchain ecosystems in crypto. It also connects with Ethereum via cross-chain bridges. The total value locked across DeFi protocols on Terra is more than $8.65 billion today. Terra is […]
DeFi Project Spotlight: Orion Money, the Cross-Chain Stablecoin Bank
Key Takeaways Orion Money is a suite of cross-chain DeFi products providing seamless stablecoin saving, lending, and spending. It leverages Anchor Protocol on Terra to provide a high stable yield across multiple stablecoins and blockchains. The ORION token unlocks governance for the protocol and establishes a revenue share mechanism for Orion Money’s users. This news […]
Exploring the Biggest DeFi Opportunities on Solana
Key Takeaways Solana’s DeFi ecosystem is growing rapidly. Several high-quality projects are vying to become the network’s blue chips. By using these protocols early, users can get in on the ground floor before the ecosystem develops. Following Solana’s meteoric price rise, the smart contract platform’s DeFi ecosystem has exploded. With so many new projects establishing […]
What Is Avalanche? The Layer 1 Blockchain’s Ecosystem Unpacked
Key Takeaways Avalanche is a Layer 1 blockchain that achieves high throughput and offers compatibility with the Ethereum Virtual Machine. Network activity has soared in recent months, particularly in the DeFi space. Avalanche’s EVM compatibility lets developers seamlessly port decentralized applications over from Ethereum. This news was brought to you by ANKR, our preferred DeFi […]
What Is Terra? The Blockchain for Stablecoins Explained
Key Takeaways Terra is a Layer 1 blockchain and a payments-focused financial ecosystem powered by scalable algorithmic stablecoins. Its native token, LUNA, is the world’s 11th largest cryptocurrency, with a market capitalization of $15.6 billion. Its UST stablecoin has risen to become the fifth largest stablecoin on the market in less than a year. Terra […]
OpenSea Employee Found Insider NFT Trading
Key Takeaways Nate Chastain, Head of Product at OpenSea, has come under fire for insider trading of NFTs promoted by the platform. On-chain data suggests that Chastain used insider information to trade NFTs when they were promoted and return the profits to his public wallet. OpenSea has published a blog post that appears to confirm […]
Solana Rallies Following 18-Hour Outage
Key Takeaways Solana crashed due to a denial of service yesterday. The network is now processing blocks, but some applications in the ecosystem have not yet recovered. SOL could target $207.50 as optimism returns. The Solana Foundation reported a denial of service attack that took the blockchain down for 18 hours yesterday. Now that the […]
Solana Hit By “Intermittent Instability” Again, Arbitrum Suffers Outage
Key Takeaways Solana is experiencing “intermittent instability” for the second time in 12 days. Arbitrum also suffered a temporary outage today. Arbitrum resolved its issues after 48 minutes, while Solana’s problem appears to have endured for several hours. The Solana Foundation reported that the high-throughput blockchain was experiencing “intermittent instability” earlier today. Meanwhile, the Ethereum […]
Litecoin Creator Charlie Lee on Fake Walmart News: “This Time, We Really Screwed Up”
Key Takeaways Charlie Lee appeared on Bloomberg this afternoon to discuss a fake press release that suggested Walmart would use Litecoin. Lee denied that the Litecoin Foundation was involved in the incident and said that neither he nor the project profited from it. However, he did take responsibility for the Litecoin Foundation’s accidental role in […]
How Wyoming Became a Crypto Hub
Key Takeaways Wyoming has passed several laws that have laid the foundations for the cryptocurrency industry to flourish. The state offers tax exemptions and a welcoming regulatory climate for crypto holders and businesses. It also launched a pioneering banking charter for the sector and legally recognizes DAOs. Wyoming is fast becoming the beacon for crypto […]
