Tron to add 2 billion to USDD reserves to avoid depeg
Tron DAO project creator Justin Sun announced plans to replenish the USDD stablecoin’s reserves. The company is prepping a $2 billion infusion to protect the asset...
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The leading NFT marketplace, Opensea, announced it is migrating to Seaport
On Tuesday, the leading non-fungible token (NFT) marketplace in terms of all-time sales, Opensea, announced it is migrating to Seaport, an open source Web3 marketplace protocol....
Binance CEO Changpeng Zhao says the platform surpassed 120 million users last month
Binance is doing well despite the market downturn. Binance didn’t let go of any employee, instead they’re actively recruiting more people.Binance is also steadily partnering with...
TRON’s USDD Stablecoin Losing Peg as TRX Price Slumps
The unfortunate tales of algorithmic stablecoins losing their pegs continue. This time, it’s TRON’s USDD that’s in the spotlight, trading at 2% below dollar parity. Following...
1,000,000,000 has been liquidated from the cryptocurrency market in the past 24 hours
As Bitcoin continues to dip from $28K high of yesterday to $22K now, people are still holding their long positions, which is why the amount liquidated...
Gemini exchange will no longer provide free crypto withdrawals, starting June 15
Gemini recently cut 10% of it’s workforce citing turbulent market conditions or in normal terms – their company is struggling financially. So, it’s no surprise that...
Luxury retailer Farfetch to accept Bitcoin payments
Farfetch Limited (NYSE:FTCH), a leading digital platform in luxury fashion, will begin accepting bitcoin and other cryptocurrencies for payment, according to a report from MarketWatch. The...
Ethereums Hashrate Surpasses Lifetime High as The Merge Gets Closer
Following the all-time high (ATH) recorded in May, Ethereum’s hashrate has been breaking records again, as it reached 132 petahash per second (PH/s) on Saturday, June...
UFC partners with VeChain VET under 100M multiyear agreement
UFC has partnered with VeChain, its first official Layer 1 blockchain partner. The partnership includes a variety of integrations into UFC live events and original content...
Tether CTO says creating UST on top of LUNA was a recipe for disaster
Paolo Ardoino, the chief technology officer of Tether USDT, stated that to have a safe reserve, you cannot cryptocurrency, especially 100% of your reserve as cryptocurrency,...
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