Category: Cryptocurrency News

The nonfungible token startup has also formed a partnership with Dream Sports, an Indian sports technology company with more than 140 million users.

Dear crypto Reddit, ​ Do you remember the story where the bank cannot return all the money if everyone wants to withdraw it simultaneously? Recently at a party, I met one of the developers of the unnamed centralized exchange. We talked about manipulation by the exchanges, and he told me an interesting fact.- Exchange bots…
Read more

Founder of TRON Justin Sun announced the launch of an algorithm stablecoin on this network. Called USDD, the digital asset will be deployed on May 5, 2022, and will offer users a basic “risk-free” interest rate of 30% annual percentage yield (APY). Related Reading | TA: Bitcoin Technicals Suggest Bulls Aim Sharp Move Above $42K The stablecoin will be available on TRON, but users can access it from Ethereum and the Binance Smart Chain. According to the open letter, the digital asset will be launched in partnership with “major blockchain players” and will be “the most decentralized stablecoin in human history”. Sun said: TRON is starting a self-imposed revolution, pooling all its resources to create USDD, a fully decentralized stablecoin underpinned by mathematics and algorithms, bringing the development of stablecoin to the next level. The stablecoin will be managed by the TRON DAO and “other major blockchain institutions” and will maintain a 1:1 pegged to the U.S. dollar with, as Sun explained, “proper algorithms in a decentralized manner” and “by applying mathematics”. The stablecoin will operate with a similar mechanism to Terra’s UST. Users will be able to redeem 1 USDD for 1 USD worth of TRX when the stablecoin drops below its peg. They can do the opposite if the price of the stablecoin rises about its $1 pegged. The stablecoin will follow a four-stage roadmap. The first stage will be called Space, the following International Space Station (ISS), then Moon, and finally Mars. Sun only provided details on the first two stages which mainly centered around USDD’s management and the strategies that will try to keep the stablecoin’s pegged. What’s TRON Ultimate Goal With Their Stablecoin? The launch of TRON’s stablecoin is part of a “self-imposed revolution” that will take these digital assets to their next stage, according to Sun. This movement is supposed to provide users with a way out of the centralized system. Sun wrote: The decentralized stablecoin USDD will free holders from central authorities’ arbitrary impositions and eliminate all entry barriers. Unlike centralized institutions that may freeze or confiscate users’ funds at will, decentralized stablecoins effectively safeguard private property rights. TRON claims that it wants to provide “equitable” access to financial services for people around the world. In that sense, Sun said TRON will be “one of the strongest cornerstones for the fifth freedom of humanity”. This announcement has caused controversy in the crypto community. Some users accused Sun of copying Terra’s UST model. The founder of Terra and CEO at Terraform Labs, Do Kwon, welcomed the initiative and hinted at a potential partnership with TRON. At the time of writing, TRON trades at $0.07 with a 15% rally in the last 24-hours. The cryptocurrency is possibly reacting to the announcement and the general sentiment in the market. Related Reading | TA: Ethereum Could Stage Strong Rally If It Clears This Key Resistance If launched successfully, USDD will provide its users with the largest APY for staking a stablecoin in the crypto ecosystem. This would surpass Terra’s Anchor Protocol’s 19% APY, and the upcoming NEAR’s 20% APY, if it launches.

Bitcoin had been on a downtrend for the past few weeks, the coin, however, started to show an uptrend over the past 48 hours. BTC was optimistic as the coin finally broke over its crucial resistance of $40,000. It was seen trading above $41,000 at the time of writing. Price fluctuations had initially caused some minor deterrents in terms of buying pressure. Over the last two days, however, buying pressure mounted. BTC was on a bullish sentiment on its four-hour chart. If bulls continue to push prices on the upside, BTC could soon challenge $42,000. The coin could also move towards a price pullback after being on a rise for a few days. The global cryptocurrency market cap stood at $2.03 Trillion after a positive change of 0.5% over the last 24 hours. Related Reading | TA: Bitcoin Technicals Suggest Bulls Aim Sharp Move Above $42K Bitcoin Price Analysis: Four-Hour Chart Bitcoin was trading at $41,900 at press time, over the last 2 hours the coin rose by 1.6%. In the last week, Bitcoin had lost its value considerably however it recovered some of its losses as the coin surged in the past 48 hours. Immediate resistance for the coin stood at $42,000, with consistent buying strength the price ceiling would stand at $43,300. A fall from this level would mean that BTC would be back to $40,000, a price the coin touched thrice in the last week. A fall from the $40,000 mark, the coin would trade near the $38,700, after which the coin would fall to $37,700. The volume of the Bitcoin traded was less compared to the previous sessions. The last session closed in green which meant that the coin was picking up bullish momentum. Technical Analysis   Bitcoin registered buying strength over the last 24 hours shot up. In the last week, buying pressure had dipped considerably as the asset was briefly oversold. With the bulls resurfacing the buyers have come back to the market. A continued bullish pressure could again push BTC to the overbought zone. King coin also displayed strength as the Awesome Oscillator also displayed a green signal bar. It is quite early to say if the coin would experience a price pullback over the next and immediate trading sessions. On the four-hour chart, the coin was placed above the 20-SMA line. This meant that the price momentum of the coin was propelled by buyers in the market. Continued buying pressure will push the coin to cross the $43,000 mark. MACD depicts the market momentum and on the indicator, the coin displayed green histograms which is a sign of positive price action. The coin had also undergone a bullish crossover on the four-hour chart, all of the indicators pointed towards continued bullishness over the immediate sessions at least. Related Reading | Halfway To The Halving: What This Means For Bitcoin Featured image from UnSplash, Charts from TradingView.com

Five months ago, Bitcoin.com News published a story concerning the speculation surrounding the third-largest bitcoin wallet, as many observers believe the address is a mega whale. The report noted at the time that the address “1P5ZED” shows all the tell-tale signs that it’s an exchange platform, but to this very day speculators still assume and […]

ok first of all, i hold a bag of CKB and from what i understand so far, its actually pretty badass, if the Nervos team pulls through. that being said, this is not intended to be a shill post, rather a slight bit of skepticism….. ok from what i understand so far, 1 CKB equals…
Read more

OGN booked a 140% rally as increased staking rewards, the launch of a governance token and new NFT launches excite investors.

TRX was up by over 17% on Thursday, as founder H.E. Justin Sun announced that a new stablecoin, USDD, was going to be launched on the TRON blockchain. XMR was another big mover today, climbing to its highest point since November. TRON (TRX) TRX surged today, as founder H.E. Justin Sun of TRON confirmed that […]

So I’m a new dev in web3 space and looking for an idea to build a project, specifically a data analytics project. I think that the data for lending/borrowing protocol might be scarce and hard to find, but not sure exactly what data people really need but cannot find easily. Please help suggest your metrics!…
Read more

The potential acquisition would follow Coinbase CEO Brian Armstrong announcing plans to expand to every country in which the exchange can legally operate.