Beanstalk Stablecoin Unpaused On the Anniversary of its Launch
Exactly one year after its initial deployment, Beanstalk is now back from the dead. Less than four months ago, the experimental stablecoin was hacked for $182 million. Luckily, the company behind it, Beanstalk Farms, has managed to stabilize its operations enough for its reboot. Unlike other stablecoins, such as Tether, the Beanstalk stablecoin doesn’t maintain […]
Curve Launching a Decentralized Stablecoin
Curve Finance, the company behind the Curve protocol, announced that it will be launching its own stablecoin. This will be an overcollateralized stablecoin, meaning that Curve is now competing in this area with other prominent DeFi protocols, such as Aave and Maker. Curve’s stablecoin will be decentralized. Unlike centralized stablecoins, such as USDC and USDT, […]
Lido Finance Introducing New Layer 2 Scaling Solutions
The popular “liquid staking service”, Lido Finance, is expanding into new Ethereum-based layer 2 scaling solutions. This means that Lido Finance users will be enjoying lower fees and a range of DeFi applications that can increase the users’ staking yields. As part of its staking consensus mechanism, Ethereum requires at least 32 ETH for users […]
Dogecoin’s parents are fighting
Billionaire Elon Musk and Dogecoin (DOGE) co-founder Jackson Palmer are locked in battle on social media over Palmer’s claim that he could remove Twitter bots with a simple Python script. Australian Palmer said in an interview that his script was capable of automatically tweeting replies to scam tweets as a way of indicating that users […]
Shiba Inu founder deletes social media posts, steps down from community
Similar to the Bitcoin (BTC) founder Satoshi Nakamoto, Ryoshi’s identity has remained unknown since the project launched in August 2020. Additionally, they have also held a hands-off approach to the memecoin, much like Dogecoin (DOGE) founders Billy Markus and Jackson Palmer. Lead developers such as Shytoshi Kusama have stated that the project will carry on […]
Crypto Exchanges Including Binance, FTX To Support ‘Terra 2.0’ Relaunch
Exchanges including Binance, FTX, Crypto.com, Huobi, Bitfinex, Bybit, Gate io, Bitrue and Kucoin pledged their support for the modified version of the recently collapsed Terra blockchain. Binance stated that it was “working closely with the Terra team on the recovery plan,” while FTX announced that it would support the “new LUNA airdrop and suspend LUNA […]
Crypto Exchanges Including Binance, FTX To Support ‘Terra 2.0’ Relaunch
Major global cryptocurrency exchanges have announced that they will support the upcoming relaunch of Terra, following the passing of a proposal to launch “Terra 2.0”. Exchanges including Binance, FTX, Crypto.com, Huobi, Bitfinex, Bybit, Gate io, Bitrue and Kucoin pledged their support for the modified version of the recently collapsed Terra blockchain. Binance stated that it […]
