The cryptocurrency sector is facing an institutional crisis as trust in stable coins is collapsing. And if few people paid attention to the fall of small projects, then the collapse of UST (Terra), the third largest by capitalization, caused a real stir. UST’s capitalization collapsed from $18.7 billion to $1.4 billion, and the LUNA balancer…
Cryptocurrencies are already 12 years old. During this period, they have managed to earn a reputation and achieve wide recognition, but they still have a long way to go. As of the end of last week, the market capitalization of this asset class was $1.235 trillion. For comparison, the largest publicly traded company represented by…
After an extremely turbulent week, the cryptocurrency market is trying to recover: bitcoin quotes rose by 25% from the minimum values on May 12. Nevertheless, there is still no foundation for a prolonged price increase, and what is happening looks more like a tactical retreat before a further attack towards the $20 thousand level. The…
Last week we talked about the dramatic fall of the Terra blockchain, which was in the TOP 10 of the rating with a capitalization of $40 billion back in April. The network was unable to maintain the rate of the algorithmic UST stablecoin, which is why the LUNA balancer coin depreciated in a few days.…
The sale of cryptocurrencies is intensifying, and the recent collapse of UST raises questions about the viability of stablecoins as an asset class. Against this background, the number of predictions about the sudden demise of Bitcoin and the oblivion of the entire cryptocurrency industry has increased. The continuation of the Bitcoin correction was brewing back…
This year, the demand for anonymous coins has grown significantly, allowing both the identity of the participants and the transaction amount to be hidden. ZCash is the second most capitalized confidential network with $1.4 billion. On May 11, the developers announced the upcoming update 5.0.0, which caused the coin to grow by 37% from the…
Over the past 7 days, BTC has suffered serious losses, and the most devastating day was May 9, when the main cryptocurrency lost about 12% and reached the level of $ 30 thousand. This mark was the medium-term goal of the downward movement, which began to develop at the very end of March. The next…
Terra was one of the promising projects until recently: its stablecoin ranked third in terms of capitalization with $18 billion in the rating of stable coins, in the DeFi sector it was second only to Ethereum, and the LUNA balancer coin was the only one of the TOP 10 to update the historical maximum in…
While most of the coins have been sold off, and the cryptocurrency market is showing a 7% correction, the TRX of the Tron project is steadily growing in price. It’s all about the launch of a new USDD stablecoin and Justin Sun’s desire to catch up with the capitalization of the Terra blockchain. On May…
Despite the largest capitalization of Bitcoin, Ethereum mining requires less investment, and the return comes earlier. And even the status of Bitcoin as a “store of value” does not play into the hands of miners. Bitcoin is compared by many to digital gold – this substitution in the preferences of investors was written in leading…