Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Top places to buy LUNA, the token of the new Terra 2.0 blockchain

After the Terra 2.0 blockchain was launched by Terraform Labs, it peaked at almost $20, only to shed 73% of its value the next day. It’s currently trading at around $6 and has been relatively flat over the past 24 hours. 

This brief guide has everything you need to know about the LUNA network and coin, including whether and where to buy LUNA if you choose.

Top places to buy LUNA now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy LUNA with eToro today

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Buy LUNA with Binance today

What is LUNA?

Terra (LUNA) is a public blockchain protocol derived from what’s now known as Terra Classic, the cryptocurrency associated with the algorithmic stablecoin TerraUSD (UST). 

Renamed to LUNC, the original LUNA crashed in May 2022. It is now virtually worthless. The creators of Terra, Terraform Labs, created a new blockchain, and hence the new LUNA. The new Terra blockchain is not linked to the UST stablecoin. 

It hopes to keep growing with the help of supports from the LUNA community and build on the world-class user interface and experience that propelled Terra Classic to the top 10 biggest coins by market cap and to second place in TVL at its peak. 

Should I buy LUNA today?

LUNA can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.

LUNA price prediction

Practically no price predictions are available considering how recently this token was launched. 

Crowd Wisdom quotes one Peter Loter as tweeting that LUNA is in a triangular formation, which is a neutral indicator. In the event of a bull run, this tendency is likely to continue.

LUNA on social media

The post Top places to buy LUNA, the token of the new Terra 2.0 blockchain appeared first on CoinJournal.

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AKRO is rallying, up 13% today: here’s where to buy AKRO

The live Akropolis (AKRO) price today is $0.0056 with a 24-hour trading volume of $176.6 million. At the time of writing, Akropolis was up 13%.  

This brief guide has everything you need to know about the AKRO network and coin, including whether and where to buy AKRO if you choose.

Top places to buy AKRO now

Capital.com

Capital.com offers investors an award winning trading platform that can access multiple financial markets including the new and exciting cryptocurrency market.

Buy AKRO with Capital.com today

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Buy AKRO with Binance today

What is AKRO?

Akropolis is a company that runs an Ethereum-based DeFi protocol that seeks to make an autonomous financial ecosystem available for saving and accumulating wealth, including through lending and borrowing. 

To do so, it offers a set of cutting-edge products including Sparta, a platform for uncollateralized lending and AkropolisOS, a framework for developing for-profit decentralized autonomous organizations.

Another important product is Delphi, a yield farming aggregator and tool for dollar-cost averaging.

Should I buy AKRO today?

AKRO can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.

AKRO price prediction

According to Tech News Leader, the price of Akropolis’ token can go up to $0.007 in a year. It will be worth $0.021 in five years and $0.12 in a decade.

AKRO on social media

The post AKRO is rallying, up 13% today: here’s where to buy AKRO appeared first on CoinJournal.

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Tether launches its USDT stablecoin on the Polygon network

Tether, the world’s largest stablecoin company, has launched its USDT stablecoin on the Polygon network bringing its utility to the over 19,000 decentralized applications (dApps) running on Polygon.

Polygon, a layer 2 (L2) scaling solution for the Ethereum network, allows cheaper and faster transaction costs using ZK rollups and optimistic rollups technologies. Its dapps have been created by more than 8k developer teams from 3k in October.

Tether has a variety of tokens backed by assets with a more “stable” value like the commercial paper and US treasury bills. These assets keep Tether tokens pegged to one dollar each. Besides, Tether had recently announced a new stablecoin, MXNT, launch that will be pegged on Mexican Peso.

Advantages of stable assets

Stable assets are very important as they help to increase the rate of trade in the market as well as cubbing all the risks involved in the DeFi ecosystem in terms of market volatility.

Polygon is now the 11th blockchain to host USDT. Other blockchains that host USDT are; Solana, Ethereum, Avalanche, Omni, Kusama, Algorand, EOS, Bitcoin Cash’s Standard Ledger Protocol, and Tron.

Paolo Ardoino, Tether CTO said:

“We’re excited to launch USD₮ on Polygon, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space.” 

Notably, USDT had faced some turbulence after TerraUSD (UST) collapsed. This could not be dealt with since UST was an algorithmic stablecoin that was backed by unstable crypto instead of direct dollars.

However, Tether’s recovered its peg quickly and reassured its holders that their reserves were fully backed.

The post Tether launches its USDT stablecoin on the Polygon network appeared first on CoinJournal.

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STEPN (GMT) price surges 20% a day after STEPN said it’ll block GPS services in China

STEPN, the most popular fitness-focused Move-to-earn game, shared an official announcement stating that they will block geolocation (GPS) services for users in China mainland starting on July 15.

Following the announcement, the price of STEPN (GMT) dropped by 5.29% to a low of about $0.83 before bouncing back by 20.67% to trade at $1.05 at the time of writing.

What is STEPN?

After its launch in late 2021, STEPN gained popularity in the world gaining over $20M profit in Q1 of 2022. Currently, the game has over 580K global players, however, it’s not clear how many players are in China.

Since the company will be blocking all the China-based IP addresses, local users have been given up to July 15 to make arrangements themselves for their virtual assets before the change becomes effective. 

STEPN uses the GPS concept to track the movement and steps of the players who purchased the virtual NFT sneakers. The virtual NFT sneakers are then converted to in-game utility tokens.

What caused STEPN to block GPS services in mainland China?

The move to block GPS services in mainland China is mainly due to regulatory issues.

Although STEPN did not explain the reason why the team decided to take that stand, their Twitter thread has hinted at regulatory policies compliance.

The post noted:

“STEPN has always attached great importance to compliance obligations and always strictly abides by the relevant requirements of local regulatory agencies. We also remind users to beware of scams.”

However, the Chinese government is known for its strict policies against digital recording technologies it has not provided and also the fear of foreign surveillance.

Last year, the Chinese government banned the use of Tesla cars by its state officials due to their facial recognition cameras saying that they can be used to spy and gather state information.

Earlier this year, China’s general prosecutor added the level of inspecting non-fungible tokens (NFTs) and the Metaverse. Besides, the officials in the country have been warned against financial crimes like illegal fundraising and money laundering carried out through the Metaverse and NFTs. Related crimes will not be tolerated and will attract severe punishment

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Terra 2.0 launch delayed to 28 May as major exchanges announce LUNA airdrop support

Terra 2.0 will now launch its mainnet on 28 May 2022, the team behind the blockchain has announced.

While the announcement made via its official Twitter account did not specify the reasons for the delay, it expects the chain’s version two to go live at 6:00 AM UTC (tomorrow 28 May).

“Block 1 of the new chain will be produced following a supermajority of interconnected validators running simultaneously,” the team shared in the thread. 

As for what the community should look forward to, Terra says:

Top crypto exchanges announce LUNA aidrop support

Weeks after a brutal crash of the TerraUSD (UST) stablecoin and the LUNA token, the Terra team is getting ready for reincarnation. This time, there will be no UST.

And despite the controversy, criticism and anger around Terra’s collapse, and opposition to forking the blockchain, a governance vote initiated on May 18 was passed to give way to the new chain.

An airdrop for LUNA, the native token of the new chain will also take place at the genesis block. Binance, KuCoin, and FTX, all support the airdrop.

Other major crypto exchanges to announce support include Bitfinex, ByBit, Huobi, Bitrue, LBank Crypto.com, HitBTC, and Gate

Also expected is the migration of dApps built on what is set to be the old chain Terra Classic (LUNC). However, individual projects will choose when to do so, according to today’s communication.

The post Terra 2.0 launch delayed to 28 May as major exchanges announce LUNA airdrop support appeared first on CoinJournal.