Category: CoinDesk

A governance proposal centered around tokenomics has been put forth by Pancakeswap, the largest DeFi application on the Binance Chain.

The proposal comes amid ongoing concerns regarding the long-term stability of Terra tokens LUNA and UST.

The crypto sleuthing firm says it tools monitor $1 trillion worth of transactions every month.

The platform is looking to bring interoperability to an array of virtual worlds.

Terra believes that decreasing the amount of UST in circulation, while increasing the amount of available LUNA, is the easiest way to return the UST to a peg.

BVNK, a banking and payments platform targeting businesses seeking crypto integration, has raised $40 million in Series A funding.

The price of LUNA tokens slid 96% in the past 24 hours alone, prompting more to be minted in a mechanism that helped lift the value of UST.

Three crypto ETFs went live in Australia as bitcoin struggles to turn the tide following a devastating move to the downside.

Weak sentiment around stablecoins may have contributed to USDT’s depegging this morning.

The past 24 hours were among the biggest crypto market drops in recent months.

A conspiracy theory that began on 4chan and was amplified by Cardano founder Charles Hoskinson has been met with swift denials by all parties allegedly involved.

Shares of Coinbase Global (COIN) dove almost 25% on Wednesday after reporting disappointing first-quarter earnings.

A number of algorithm-based stablecoins have already failed; bitcoin and other cryptos see deep red.

Over the weekend, algorithmic stablecoin TerraUSD (UST) broke its peg. It broke it again on Monday, and has yet to recover. Regulators may have to take a closer look at this particular model of stablecoin.