Summary: The team at Neutrino (USDN) has announced an incentive plan of up to $12k per year for its community members to decentralize its Waves (WAVES) reserves. Earlier this month, Neutrino (USDN) suffered a depegging to as low as $0.748 and is currently trading below the $1 mark. The team...
Summary: Mike Novogratz has warned the crypto community against picking price bottoms as it is dangerous. He also pointed out that most altcoins are down by over 80% from their highs, and the losses in the 2018 bear market were over 95%. Consequently, altcoins will likely drop by another 70%...
Summary: The Electric Coin Company has initiated research on a possible transition of ZCash from a proof-of-work mechanism to a proof-of-stake. The research will focus on shielded wallet UX and security, cross-chain interoperability, proof-of-stake security, issuance rate, on-chain governance, and reducing the protocol’s complexity. The rationale behind exploring ZCash’s possible...
Summary: Over $7.485 billion worth of Tether (USDT) has been redeemed for US dollars in the last week. The total supply of Tether (USDT) has reduced from the recent all-time high of $81.237 billion to $75.75 billion. The redemption of Tether and the decline of its circulating supply come on...
Quick takeaways: The team at VeChain (VET) has invited Terra developers to start building on its blockchain VeChain (VET) has offered them grants of up to $30k for the switch The VeChain grants program covers a wide range of areas such as application development, tools and infrastructure, and blockchain-related research...
Summary: USDC’s reserves are 77.1% ($39 billion) in US Treasuries and 22.9% in Cash ($11.6 billion) The reserves are worth $50.6 billion and match the amount of USDC in circulation Circle, the parent company of USDC, is committed to transparency and trust concerning the stablecoin The update on USDC’s reserves...
Quick take: Tether’s CTO has stated that the company has reduced its holdings of commercial paper and increased its US Treasuries as reserves for USDT Tether also announced that the USDT stablecoin had stood the test of time USDT also suffered depegging this week as stablecoins were in the spotlight...
The “big four” in Korea warn investors of LUNA’s fluctuating price Bithumb and Coinone suspended deposits for now The update follows a massive crash in the market price of LUNA Terra’s UST stablecoin remains depegged after a previous recovery Upbit, the biggest cryptocurrency exchange in South Korea, tagged Terra’s governance...
