Category: Cryptocurrency News

Monero hard forks are meant to improve the base protocol and will not result in the splitting and creation of a new coin.

hey guys, simple question about nft art. so, the way i understand it is that the nft is a digital signature/certificate accompanied by certain parameters and is associated with a jpeg file or whatever. so what stops me from screenshooting an nft and mint another nft with the same jpeg file attached to it?? edit***…
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Yes, congratulations, today is tax day in the US and we will finally stop hearing people complain about their crypto tax bill. It's been a fun season of complaints, misinformation/bad advice, and subtle humble brags about large tax bills. All your favorites like: "If you just HODL you don't have to pay taxes" "tax is…
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submitted by /u/jreyn1993 [link] [comments]

WonderFi plans to expand its operations in Canada by acquiring digital asset trading platform Coinberry after its recent Bitbuy acquisition.

PRESS RELEASE. Dvision Network has announced the third LAND Sale to be conducted on both the Polygon Network and the BNB Chain. The most exciting aspect of the third LAND Sale is that 50% of the available LAND NFTs will be sold through the Shopify Marketplace. Moreover, the LAND NFTs pre-minted on Polygon Network will […]

Terra (LUNA) has been aggressive about filling up its reserves with trusted cryptocurrencies to serve as a backup for its stablecoin UST. This has evolved over time to include a number of various cryptocurrencies that now make up its reserves sitting at $2.38 billion. This is still a long way from where the Luna Foundation plans for its reserves to be, making it a work in progress. In this report, we take a look at these reserve currencies and the portion allocated to each one. Diving Into Terra’s Reserves As mentioned previously, Terra’s crypto reserves have gone up to as high as $2.38 billion since it first announced it was starting the reserves. Luna Foundation Guard has been putting more money into its Bitcoin reserves, which it plans to get to at least $10 billion in BTC with time. This makes the pioneer cryptocurrency the largest of the holdings in this regard. Although there are other cryptocurrencies that mark the lineup, bringing the total to four. Related Reading | ADA To Rebound With Integration Of USDT And USDC On Cardano? Following behind Bitcoin are the ERC-20 tokens which combined make up the second-largest percentage of the reserves at 23.2%. These are both stablecoins USDC and USDT, coming out to a total of $549.80 million of these tokens serving as reserves for USDT.  Additionally, Terra’s native token, Luna, also makes the list of reserves used by the network. It accounts for 7.2% of all reserves with a dollar figure of $172.20 million and a total token balance of 2.25 million Luna tokens.  The foundation recently purchased an additional 123.89 BTC to add to its reserves bringing its total to 42.53K BTC. This put Bitcoin in the large majority at 69.6% of all reserves, coming out to a total dollar value of $1.66 billion. Where’s AVAX? Last week, it was announced that Terra would add AVAX to its reserves as a way to combat the rising competition. This came as a result of a collaboration between Avalanche Foundation, Terraform Labs, and the Luna Foundation Guard who had said they would be purchasing about $200 million worth of AVAX to add to its reserves.  Related Reading | Bitcoin Clings To $40K On Easter Sunday As Crypto Seen To Head Lower In The Short Term Do Kwon, founder of Terra, had explained that the decision to add AVAX to Terra’s reserves had been fueled by the loyalty to the network. However, a look at LFG’s reserves shows that there is no AVAX in sight. This could easily mean that the foundation is yet to add AVAX to its reserves. However, per the deal with Avalanche Foundation, both the Avalanche Foundation and Terraform Labs currently hold $100 million worth of AVAX each, while the Avalanche Foundation now holds $100 million worth of LUNA and $100 million worth of UST. Featured image from CryptoSlate, chart from TradingView.com

submitted by /u/PurchaseIcy7963 [link] [comments]

Making money is never gonna be quick and easy. Even if you get lucky, and manage to do it quickly and easily, it likely came at the cost of high risk. If you take less risk, then you have to be more patient. Even in crypto, most people have a rough first year, as they…
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Is there any plans with Ethereum core to make it possible to move over to layer-2s without going through an exchange or bridge? A way to do that on Ethereum's main chain and move onto the layer-2? submitted by /u/Maticus [link] [comments]