Terra Luna Classic Upgrade Boosts LUNC
“Terra Luna Classic v3.1.3 upgrade enhances burn tax distribution and staking, with 99.99% validator support. Staked $LUNC rises to 1.04T, staking ratio at 15.39%. #Update #CryptoNews”
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
USDT Controversy: Tether CTO Criticizes Ripple
“Tether CTO Paolo Ardoino slams Ripple CEO Brad Garlinghouse for USDT remarks, accusing him of fearmongering amid Ripple’s stablecoin plans. Ardoino defends $USDT’s stability and compliance. #CryptoUpdate #USDT $XRP”
Tether Acquires $100M Bitdeer Shares
Tether invests $100M in Bitdeer shares, with an option for $50M more. Bitdeer’s stock surged 4% post-announcement. Funds will enhance sustainable Bitcoin mining infrastructure. #Crypto $USDT $BTDR #Update
Source: coingape.com
deUSD Stablecoin: Elixir Team’s Innovative Launch
? The Elixir team launched deUSD, a decentralized stablecoin backed by stETH and sDAI, in October 2023. With additional staking rewards and reduced basis risk, deUSD aims to enhance liquidity on DEXs. #DeFi #CryptoNews
Stablecoin Controversy Tether CEO Criticizes Requirement
“Tether CEO Paolo Ardoino criticizes EU’s MiCA regulations mandating 60% reserves in bank deposits, arguing it risks stablecoin stability. Cites $110B $USDT market cap vs. EUR 100K deposit insurance. #CryptoRegulation #Update”
LUNC Burn Tax Increase Proposed
“Terra Luna Classic ($LUNC) debates increasing burn tax from 0.5% to 1.5%. Proposal aims to accelerate burns but faces concerns over exchange support. LUNC price recently dipped 3%, now at $0.00008094. #Update #CryptoNews”
Yield Stablecoin Launched by Paxos
“Paxos launches Lift Dollar ($USDL) in Argentina, offering a 5% yield and daily payouts. Fully collateralized by U.S. dollars and regulated by ADGM. Aimed at benefiting the unbanked. #Crypto #Update”
Polkadot Targets Stablecoin Leadership with New Proposal
Polkadot proposes reducing the minimum balance for $USDT and $USDC on its Asset Hub from $0.07 to $0.01 to boost stablecoin adoption. The move aims to make Polkadot more competitive in the stablecoin market. #Update
Tether Unveils New Product Line Investment
Tether CEO Paolo Ardoino announced a new class of digital assets, part of a $1B strategy to reduce reliance on tech giants. Tether’s Q1 profits hit $4B, with USDT holding 70% market share. #Update @Tether_to
Tron Launches Gasless Stablecoin Transfers Q4
Justin Sun, founder of Tron, announces gas-free P2P stablecoin transfers launching Q4 2024. Initially on Tron, then Ethereum and other EVM networks. This could boost mass adoption by large companies. $TRX #Update
WhiteBIT Unveils WhitePool Crypto Mining Pool
WhiteBIT launches WhitePool, a Bitcoin mining pool now in the top 15 globally. It features a user-friendly interface, 24/7 support, and an automated reward system. VIP program offers lower fees and perks for top miners. #CryptoNews
USDT Confronts FUD: Ongoing Battle Unveiled
Paolo Ardoino, CTO of @Tether_to, recapped 2022’s challenges at Paris Blockchain Week. Highlighted Tether’s $25B USDT redemptions amidst attacks, contrasting with 2023 US bank failures. Emphasized transparency with BDO attestations. #Update #CryptoNews
USDT Price Surge in India: Exchange Insights
In India, $USDT trades at a 5-12% premium due to strict regulations, rupee volatility, and high transaction costs, says @CoinSwitchKuber. @NischalShetty of WazirX cites high demand and regulatory challenges. #Crypto #Update
Tether Warning Issued by Crypto Experts
“Peter Brandt warns of potential disaster for $USDT, citing transparency issues, while Willy Woo highlights Tether’s resilience and shift to over-collateralized assets. Future remains uncertain amid illegal activity allegations. #Crypto #Update”