Like a film trick, set in slow motion Terra’s stablecoin — UST and native coin, LUNA witnessed a colossal crash. Thus, shocking investors to the bone marrow. Why? Because, although cryptocurrencies are highly volatile, stablecoins are perceived as the master of all, free of volatility.  In this article, we shed light on what stablecoins were before TerraUSD’s collapse, stablecoins’ landscape […]

The honeymoon period for the Optimism layer-2 scaling solution has been cut short as an exploit in its market maker’s smart contract led to the loss of 20 million OP tokens. The exploit took place May 26 but has only just been reported to the community. One million tokens valued at about $1.3 million were sold on June 5. An […]

Gemini is staring at a grueling court case after a leading pensioners’ fintech startup, IRA Financial Trust filed a lawsuit against the crypto exchange seeking compensation over the loss of $36 million in crypto assets earlier this year. The suit which was brought against “Gemini Trust Company” claimed that the said assets belonged to customers’ retirement accounts and were lost as […]

Terra blockchain got a restart from LUNA 2.0 airdrop. But LUNA 2.0 price has plummeted to new lows, with more than 20% drop in its price. At the moment, Terra (LUNA) is trading at $3.44 down by 20.28% Reason Behind LUNA 2.0 Price Crash Even though the whole crypto market’s instability has impacted the decline, the intensity of FUD around […]

Metaverse tokens are vastly outperforming every other crypto category in the current bearish condition, up by nearly 400% year-on-year. Leading the gains are Decentraland (MANA) up 41%, Sandbox (SAND) up 470%, Axie Infinity (AXS) up 511%, and STEPN (GMT) up 746% according to data from the May 2022 market report by Kraken Intelligence and CoinGecko. Metaverse tokens can be used […]

Open-world blockchain game Illuvium managed to keep the average transaction fee for its nonfungible token (NFT) Land at about $20 by holding the Dutch auction on the Illuvium X Layer-2 scaling solution. The price to mint the NFTs was a fraction of the cost users paid to mint in Yuga Labs’ Otherside sale. Illuvium reports that users spent only $350,000 […]

The collection and processing of information was a major theme at the United States Senate Committee on Homeland Security and Governmental Affairs (HSGAC) hearing titled, “Rising Threats: Ransomware Attacks and Ransom Payments Enabled by Cryptocurrency” on Tuesday. The committee hosted a panel of private-sector experts who discussed the problem of ransomware attacks and the challenges of collecting and using the […]