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Terra price, market cap on Coin360 heatmap

Terra(LUNA)

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$2.0405
(4.6%)
0.00008406 BTC
Market Cap (Rank#153)
$260,118,678
10,716 BTC
Vol 24h
$28,644,511
1,180 BTC
Circulating Supply
127,475,474.31
Max Supply
1,000,000,000
9h agocryptodaily
German Crypto Bank Nuri Files for Insolvency
Nuri, a cryptocurrency-focused digital banking platform announced it has filed for insolvency in Germany on Tuesday, citing the prolonged crypto winter. The company has assured that customers' access to the platform’s services and their funds have not been affected. The 2022 bear market has claimed yet another victim. On August 9, the German crypto exchange Nuri filed for insolvency before a Berlin court citing the prolonged bearish cycle the crypto market has undergone since the beginning of the year, saying the move was “necessary to ensure the safest path forward for all our customers.” Although insolvency often leads to bankruptcy, according to Reuters, unlike other crypto firms to have declared insolvency this year, Nuri has not halted customer withdrawals to their euro accounts and crypto wallets. Users are still able to move their funds. The company was forced to make this decision following unsuccessful attempts to secure a new funding round. The company said in a statement, All funds in your Nuri accounts are safe due to our partnership with Solarisbank AG. The temporary insolvency proceedings do not affect your deposits, cryptocurrency funds, and Nuri Pot investments which have been done with us. Nuri, formerly known as Bitwala, has been operating since 2015, offering users the convenience of a regular bank account combined with Bitcoin and Ethereum wallets. The platform also offers saving plans via recurring Bitcoin purchases, as well as its recently launched Nuri Pots, a collection of different exchange-traded funds and other investment products. Explaining the reasoning behind the decision to file for insolvency, Nuri said it has been facing a “lasting strain” on its business liquidity in 2022 due to “significant macroeconomic headwinds” including the COVID pandemic and Russia’s invasion of Ukraine along with “the cooling down of public and private capital markets.” The company said, Additionally, various negative developments in the crypto markets earlier this year, including major cryptocurrency sell-offs, the implosion of the Luna/Terra protocol, the insolvency of Celsius and other major Crypto funds have led to a crypto bear market. The insolvency filing comes just two months after CEO Kristina Walcker-Mayer, announced the company was letting go of 20% of its employees “to shift our strategic plans towards earlier profitability to adapt to the new reality in the financial markets.” “All Funds Are Safe” On the FAQ page regarding the insolvency, Nuri said it will work out the next steps in the process with the help of an insolvency administrator, but stressed that “all funds are safe.” The company said that assets in crypto wallets and vaults remain available and may be withdrawn and traded at any time, indicating that it “does not have access to the coins and/or the private keys in users’ vaults.” Nuri also made it clear that custodial wallets are operated by Solaris Digital Assets GmbH (SDA), meaning that it does not handle customers’ crypto funds and fiat. The platform’s mobile application remains available allowing users access to their bank accounts via the app. Nuri users are however still unavailable to withdraw funds from their Bitcoin interest accounts as they were launched in partnership with the now-defunct cryptocurrency lending platform Celsius. The platform says, The Celsius withdrawal freeze remains unchanged, and the withdrawal function remains inactive. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5 days agocryptodaily
Brevan Howard Pulls Off Largest Crypto Fund Launch
Brevan Howard Asset Management firm had raised over $1 billion to launch its flagship crypto vehicle. BH Digital Raises $1B Acting as Brevan Howard’s dedicated crypto arm, BH Digital helps investors such as sovereign wealth funds, pension funds, foundations, and endowments gain exposure to crypto. According to four different sources with knowledge of the matter, the investment firm has raised around $1 billion from institutional investors. Most of these funds were raised during BH Digital’s launch earlier this year. The BH Digital Multi-Strategy Fund officially started trading in early January 2022. The team involved was visualizing a fundraise in the year's second quarter, with expectations that the efforts would bring in at least several hundred million dollars. The team was also hoping for billion-dollar funding. According to anonymous sources, “Brevan is making an absolutely massive push into crypto…With their network already, they’re going to do a great job of cross-selling. They’re going to have a massive raise in the second half of this year.” If the recent reports are to be believed, it looks like BH Digital achieved that vision, thus pulling off the largest crypto fund launch. The capital raised is exemplary even for conventional and non-crypto hedge funds. It is an even bigger achievement in the digital assets market, which has a much lower market capitalization. High Performing Funds Despite Bear Market BH Digital is also outperforming its competition. According to reports, it has managed to limit its losses to a minor 4-5% since its launch through the end of June. Despite the domino effect that stemmed from the Terra LUNA implosion and took down multiple crypto lenders, BH Digital has managed to rake in returns that are apparently quite remarkable for the bear market. The firm is still holding off on fully deploying the entire capital amount, especially since the market is not liquid enough to support $1 billion. However, one of the sources has suggested that a “plain vanilla” approach that includes long-only and trend-following tactics could work. The fund’s $1.5 billion initial capacity could rise soon with more investment professionals coming on board and implementing fresh strategies. However, the badge of honor of the largest crypto fund raised to date still belongs to venture capital giant Andreessen Horowitz (a16z). The investment firm raised a whopping $4.5 billion in its fourth round, smack dab in the middle of the bear market in May 2022. $1.5 billion of these funds will be allocated towards Web3 seed investments. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
7 days agocryptodaily
Metadoro: USDC is Gaining Strength to Outpace Tether
USD Coin from Circle, a technology company that develops peer-to-peer payments, is improving its positions as a leading stablecoin. Its market cap rose from $40 billion at the beginning of 2022 to almost $55 billion at the end of July. More importantly, USDC is replacing the number one stablecoin by market cap USDT (Tether) by number of daily transactions. The USDC is now largely considered to be the best safe haven stablecoin to secure digital savings. USDC is used in 52.5% of overall daily transactions though Ethereum blockchain while Tether holds the second place with the share of 21.4%. USDC surpassed USDT by the number of transactions in late June, and it is still gaining momentum. Investors are scraping their saving in USDT and DAI in favor of USDC. Circle’s mobile payment platform allows users to hold, send, and receive fiat currencies. The company is licensed in New York State in the United States and in the United Kingdom. The company is rumored to have close relations with Goldman Sachs, Coinbase, and also with some large U.S. banks and regulators. Meanwhile, the market cap of USDT deteriorated from around $80 billion at the beginning of 2022 to $65.8 by the end of July or about 42.7% of the overall stablecoin supply. Arcane Research recently forecasted that USDC may outpace Tether by market cap this October. The cryptomarket was rocked by LUNA native coin distress as UST algorithmic stablecoin backed by LUNA plunged almost to zero in May. Even now the $154.3 billion stablecoin market has not completely recovered as it lost 18.8% of its overall capitalisation in the second quarter of 2022. The International Monetary fund (IMF) has warned that the cryptomarket may face further selling pressure and more failures of coin offerings, including stablecoins. “We could see further selloffs, both in crypto assets and in risky asset markets, like equities,” Director of Monetary and Capital Markets of the IMF, Tobias Adrian said. A possible recession may largely contribute to a deeper deterioration of crypto assets, according to Adrian. Indeed, the cryptomarket, along with other risky assets, has started to suffer as major central banks like the Federal Reserve (Fed) and the European Central Bank (ECB) have started to withdraw liquidity from markets in order to bring record inflation under control. The Fed has recently made another sharp action to raise its interest rates by three quarters of a percent to 2.5%, and it is unlikely to stop, although its front man Jerome Powell has said the Fed will closely monitor incoming data to make its next interest rates decision in September. However, he has not ruled out that another 75 or even 100 basis-point hike is possible. So, monetary conditions are clearly not in favour of the cryptomarket. The Bitcoin charts signal prices may continue to go down after a possible breakthrough of $19,000 per coin. The next stop for the major cryptocurrency is at $15,000. But eventually it could go even lower to $10,000, or even to the extreme $6,000 per coin. So, it is not a proper time for the short-term investments in the cryptomarket since the bottom of the downside cycle has not yet been reached. It is likely that proper entry points may emerge in October when the Fed is likely to send out a bold signal about further interest rate hikes, while fears over a recession in the United States, or Europe may become a reality. For the long run, some investments could be made in leading stablecoins with a diversification to other cryptocurrencies other then USDC coin. The best option would be a selection of stablecoins like Binance USD, USDD and, may be some other from the leaders of the market. Anyway, the dynamics of the risky assets represented by the Nasdaq 100 index and Fed actions. Guidance should also be closely monitored to locate the best opportunities to invest in crypto assets. Actions of large investment institutions could be another source to look for suggestions on such investments. Nevertheless, such investments are considered to be highly risky and should be exercised with minor funds and an understanding that they could be lost completely. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
8 days agocryptodaily
Three Investment Opportunities of 2022: Shiba Inu (SHIBA), The Sandbox (SAND) and Degrain (DGRN)
he dramatic downfall of some of the space’s most prominent players in such a short amount of time has led to a domino effect on the industry. Embattled DeFi protocols like Terra ($LUNA) literally went to 0 after its stablecoin TerraUSD collapsed in flames. Meanwhile, prominent crypto hedge funds like 3 Arrows Capital (3AC) ended in failure. But the beauty of the cryptocurrency industry is that there are always gems to be mined, even in the thick of the bear season. Shiba Inu ($SHIBA), The Sandbox ($SAND), and Degrain ($DGRN) are among the prized cryptocurrencies among the current market. Here’s why. Shiba Inu (SHIBA): more than just a memecoin in 2022 Shiba Inu (SHIBA) did an unfathomable 48,000,000% price increase since its 2020 launch culminating at its peak in October 2021. The gains Shiba Inu (SHIBA) experienced are the Holy Grail in crypto, and become impossible to recreate once a token enters the top 20 cryptocurrencies by market cap. But lo and behold, Shiba Inu (SHIBA) might just have another massive run in it as it develops its own $SHI stablecoin, its Shibarium layer 2 solution, and a collectible card game with its own metaverse. Shiba Inu (SHIBA) is the first memecoin in history that has ever laid out such grand plans, which is why analysts believe there is every possibility that it could rise as much as 30% by the end of 2023. The Sandbox ($SAND): a smart bet on the open metaverse The Sandbox (SAND) is an ERC-721 token renowned as one of the first movers in the nascent metaverse since its inception. The Sandbox’s native token, SAND, powers the platform’s in-game economy, which allows users to play, develop games, construct buildings and venues, and create marketplaces to sell as NFTs within The Sandbox gaming environment. Needless to say, buying The Sandbox (SAND) at $1.44 at the time of this writing – 83% down from its ATH at the height of metaverse mania in November 2021. Cryptocurrency experts believe buying into The Sandbox (SAND) could be a potentially smart play if the open metaverse gains mainstream traction. Degrain ($DGRN): 5,000% gains are a real possibility Degrain ($DGRN) has caught the attention of sharp crypto investors in recent weeks. Degrain aims to be a cross-chain NFT marketplace ecosystem allowing users and creators to transact across blockchains with significantly reduced trading fees than OpenSea and LooksRare. This means creators, traders and stakers, and network participants can earn more. It also plans to enable fractionalized NFT ownership, allowing $DGRN stakers to purchase fractions of blue-chip NFTs like Bored Ape Yacht Club. Key cryptocurrency figures have been quick to heap praise on this innovative new protocol. Presale investors are also given a lifetime 100% discount on trading fees, which could be a massive incentive to buy in if Degrain achieves its goal of becoming the top NFT marketplace. Seasoned crypto experts predict that a 5,000% price gain in the Degrain token is entirely possible by the end of 2022. It is rare an opportunity to invest in a protocol like this presents itself, we definitely wouldn’t advise missing out on this presale. Website: https://degrain.io Presale: https://presale.degrain.io Telegram: https://t.me/degrainio Twitter: https://twitter.com/degrainio Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
13 days agocryptodaily
South Korea Pursues Digital Asset Reform Initiatives
In the wake of the mid-2022 crypto market collapse, South Korea is pursuing digital asset reform initiatives. According to a press release issued by its financial services commission, the Korean government is considering revised legislation for what would appear to be a new set of regulatory frameworks for digital assets, integrating said sphere of commerce towards its own legal framework. On the outset, these initiatives have the goal of providing better clarity and certainty for the country's businesses, while also protecting investors. This news comes comes as many crypto businesses have been forced to shut down or scale back operations due to the bear market. Regulatory uncertainty has also made it difficult for crypto firms to obtain banking services, or open credit lines from banks as they navigate their strategies for the bear market. To date, the South Korean government estimates some 280,000 domestic investors affected solely by the Terra-LUNA collapse, with the crash's broader impact in terms of other crypto investors still unaccounted for. Estimates from the Korean Financial Services Commission (FSC) show that the country's entire crypto industry is worth roughly $42 billion, with a momentum that has been been largely accumulating since it spiked to popularity sometime in 2018. Recent estimates from the Korea Financial Intelligence Unit (KoFIU) provide that roughly 15 million Korean individuals are categorized as consumers or investors in cryptocurrency or digital assets, representing almost 30% of its current population. “They believe that [Korea’s] digital finance needs innovation, and reform is a good way for the administration to differentiate itself from the last,” says Korea Society of Fintech Blockchain (KSFB) president Kim Hyoung-joong. The Korean government's crypto reform initiatives come as the global crypto industry is watching and waiting to see what regulatory actions will be taken in the aftermath of the market crash. South Korea's crypto regulations are currently some of the most stringent in the world, and it remains to be seen how these new initiatives will impact the crypto industry both in the short and long term. “We will eventually allow domestic financial companies to do anything that global financial companies are doing, [...] the goal is to prepare the ground for domestic players in the global financial market like BTS to emerge." stated Kim Joo-hyun, recently appointed Chairman of the FSC. The chairman is referring to the financial phenomenon behind the cult following of Bangtan Boys, or BTS, a South Korean boy band with a global fanbase. The rise in interest rates across the financial sector has led to South Koreans becoming increasingly attracted to crypto, despite the known volatility of tokens and digital assets such as NFTs. Kim Joo-hyun says that a possible method to regulate the flow of these new investors is to "induce" their spending momentum into "innovative sectors." The South Korean government's commitment to reforming their regulatory frameworks for digital assets can be viewed in two ways: on the one hand, it could be reactionary stance to the collapse of Terra-LUNA as led by Do Kwon (Kwon Do-hyung) which has also partially affected the entire crypto industry; or it could also be a progressive initiative based on the idea of innovation. “Regardless of the investigation, this government seems to believe that digital reform in the financial sector is the way to go," stated KSFB. Another factor, this time for mass adoption, is the recent statements coming from the Korea Federation of Banks (KFB). The industry association has nudged the FSC into allowing banks to pursue or launch businesses on the crypto space through shifting or extending their suite of financial services to integrate with crypto's features. Current regulatory lines in the country allow banks to acquire up to 20% stake in a non-financial company. Banks are also curtailed in terms of operation or exposure to the workings of crypto firms: the creation of subsidiaries directly or partially involved in the crypto industry is severely limited. “Banks have stricter internal policies and management in financial regulations, so we anticipate that the banks’ entry [into the crypto market] will contribute to the integrity of the market,”a KFB spokesperson shared. If the FSC allows for such a reform to happen, current consumer base of the country's banks can easily migrate or consider crypto as a worthy product for their financial needs. Such an action, if implemented, could lead to a massive transition to crypto as a primary method of managing finances for South Koreans. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14 days agocryptodaily
What The Kraken Investigations Mean For Crypto Regulation
Kraken, a cryptocurrency exchange based in the U.S., is reportedly the subject of an investigation launched by the country's Treasury Department, with the investigation said to have been ongoing since at least 2019. According to reports, the United States Treasury Department's Office of Foreign Assets Control (OFAC) is looking into crypto exchange Kraken for allegedly allowing consumers in Iran and other nations to buy and sell crypto to these jurisdictions, a potential infraction of current US sanctions. The internal documents, which were leaked, show that Kraken has serviced 1,522 unique users with residences filed in Iran, with the data reflecting metrics until June 2022. Users from Syria and Cuba were also serviced, with both countries currently under U.S. sanctions. The reports came first from the New York Times, in which the press outfit highlighted how Kraken would officially be the largest U.S. crypto firm to face such an enforcement action from the OFAC. Historically, the sanctions have been placed, in particular for Iran, since 1979. This sanction functions by prohibiting the export of goods or services (at scale) to citizens or individuals residing in or doing business from the country. As a private company, Kraken is currently valued at roughly $11 billion. The crypto exchange has been the subject of regulatory actions in the past, with the most recent being a $1.25 million penalty levied against the firm by the Commodity Futures Trading Commission (CFTC). An earlier report from CryptoDaily also details how the firm's CEO, Jesse Powell, has repeatedly courted controversy for offering to pay-off Kraken employees who were disgruntled over the company's culture. Powell later stated that he had no regrets on the offense he made. U.S. sanctions and regulatory oversight over the matter of firms violating its tenets have been a hallmark of the country's geopolitical and diplomatic relations. The U.S. is notorious for chasing down any violator of the sanctions. In recent years, disgraced former U.S. president Donald Trump reinstated the sanctions in 2018, a move that was seen as indecisive, given an earlier withdrawal from a nuclear deal with Iran. How does this affect the global crypto space, which Kraken and several competing exchanges all serve? The fact that the U.S. is investigating crypto exchange Kraken for allegedly violating U.S. sanctions could have far-reaching implications for the crypto industry as a whole. This news comes at a time when the crypto industry is already under intense scrutiny from global regulators. In the U.S., the Securities and Exchange Commission (SEC) has been ramping up its enforcement actions against crypto companies, while in China, authorities have cracked down on crypto exchanges and ICOs. The investigation on Kraken is a precedent of how state authority is creeping into the decentralized sphere of crypto, a move that is expected of any nation-state, but also one that shows that crypto and blockchain technology, when exposed to the whims of a state's authority, is no longer what it was first envisioned to be: that is to say, a movement for freedom from centralized control. Increasingly, regulatory frameworks imposed on crypto have sought to undermine its initial libertarian project. The U.S. investigation on Kraken is just one example of this trend. “Kraken closely monitors compliance with sanctions laws and, as a general matter, reports to regulators even potential issues,” shares Marco Santori, Chief Legal Officer at Kraken. According to Santori, Kraken is committed to expanding its compliance team, in line with the exchange's own growth and scale as a business. Compliance is one thin, red line that crypto companies cannot afford to cross if they want to stay in business. The news of the investigation will likely cast a shadow over the crypto industry in the short term, as it highlights the regulatory risks that crypto businesses face. In the long term, however, this could be a positive development, as it could lead to greater clarity and better protection for the consumer level. Kraken joins the scope of regulatory scrutiny alongside other crypto firms and outfits such as Celsius and Voyage, with more stringent procedures for assessment being laid down, following the collapse of Terra's UST stablecoin and its LUNA token. Binance, meanwhile, as a competing crypto exchange platform, has also been called out for allegedly violating US sanctions against the same country, Iran. Binance quickly issued a statement which said that while it has blocked access from Iran and several other banned jurisdictions, it was possible that users from these countries accessed their exchange through a VPN (virtual private network), although this claim has not been substantiated to date. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Opinions stated herein are solely of the author's, and hence do not represent or reflect CryptoDaily's position on the matter.
14 days agocoindesk
KuCoin Says It Has No Exposure to wLUNA Tokens
Contagion from Luna’s May implosion continues to reverberate throughout the crypto community.
14 days agocryptodaily
KuCoin To Launch Anti-FUD Fund
The CEO of the crypto exchange has announced his plans to launch a fund that will be targeted to tackle FUD (fear, uncertainty, and doubt) in the crypto market. Fund To Tackle Misinformation CEO Johnny Lyu unveiled his plans for the fund on Tuesday via a detailed Twitter thread. He has said that the fund will focus on tackling the spread of misinformation and disinformation within the crypto industry. Lyu tweeted, “FUD benefits no one except the FUDers. It misleads investors and harms the industry’s image and market confidence. To build a crypto space with less FUD, KuCoin is going to launch an Anti-FUD Fund.” Lyu has listed the different approaches that the fund will take to combat the FUD menace in the market. Three-Pronged Approach The first course of action will focus on investing in proper anti-FUD education on online and offline platforms. Lyu plans on educating the global population and arming them with the knowledge needed to identify and distinguish FUD from regular market turmoil. Lyu has also said that to educate the global market, the KuCoin team will develop programs in over 20 languages. In the second course of action, Lyu talks about enlisting influential and dependable social figures and acclaimed industry leaders to become the mouthpiece providing correct information and demystifying the FUD fog in the market. The third and final course of action listed by the KuCoin CEO talks about isolating the root of FUD to the individuals and organizations responsible for spreading misinformation and even taking legal action against them if necessary. Lyu talks about BUIDL, which refers to a ‘building useful stuff’ mindset, inspired by the HODL acronym.He said, “I am certain that these initiatives can hardly erase all the FUD in our industry, but we have to take the first step, and every step counts. Don't FUD, #BUIDL.” Bear Market Effects The bear market of 2022 has created further instability in an already volatile industry. Many cryptos have suffered disproportionately due to the domino effect created by the FUD from a singular event. For example, the crash of the Terra LUNA ecosystem set off a chain reaction that took down several crypto firms. Therefore an Anti-FUD fund will be welcomed by many industry players. Despite the 2022 bear market, the KuCoin exchange has been on a bullish rally for the year's first half. The firm has recently released its 2022 H1 report, which indicates that crypto exchanges and trading platforms are still leading the charge for mainstream crypto adoption. Moreover, KuCoin itself has noted an increase in its user base by 9.85 million in these six months of 2022. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14 days agocryptodaily
Avalanche Ecosystem To See Influx Of Big Name Brands, Reveals CEO John Wu
Ava Labs president John Wu recently sat down for an interview with Anthony Pompliano and discussed what the future holds for Avalanche (AVAX). The Avalanche CEO revealed that several “Big Name Brands” are set to enter the Avalanche ecosystem over the next year. Big Things In The Offing The President of Ava Labs, John Wu, was obviously excited as he spoke about the prospects of the Ethereum challenger. In the interview, he revealed that several partnerships were in the works and could come to fruition over the next 12 months. He revealed that several mainstream companies from the world of gaming and finance were in talks with Avalanche and would be onboarding with Avalanche and its ecosystem soon. He stated in the interview with Anthony Pompliano, It’s still that same theme of real-world assets coming into this ecosystem and growing the ecosystem for everyone, both on the side of financial services as well as on the gaming side. We have a lot of visibility to gaming as well because the subnets have been really adopted by a lot of gamers to basically create their own execution environment in a very quick manner. Those are two areas that we’re super excited [about]. I wish I could give you specific names, but to the audience, just stay tuned, and they’ll hear about it very shortly.” Traditional Finance Is Bogged Down Wu also spoke about traditional finance and the inefficiency that is hindering it. He stated that traditional finance is bogged down due to a lack of inefficiency and glaring inconsistencies in the interconnectedness of databases, leading to data siloing. “The financial institutions are very aware that the power of the blockchain, or the crypto system, is that when you need information and money to move at the same time, blockchain is a very powerful tool for that. When you settle a stock, there are so many intermediaries. Credit cards, there are so many intermediaries. And they’re all working off of their own respective databases, and lots of reconciliation has to happen.” Blockchain Will Be Hugely Beneficial He stated that he believes traditional financial companies need to implement blockchain technology, which would be hugely beneficial as it would simplify the transaction process by eliminating any links in the transaction-settling chain. “A lot of the financial services players are actually experimenting with blockchain. The amount of experimentation of blockchain development – not just experimentation, innovation labs – but the amount of development They are looking at the technology as a way to create efficiency and create more productivity and squeeze costs out.” Avalanche's Contagion Troubles Avalanche had earlier revealed that the Luna Foundation Guard, the company behind the failed reserve fund for the UST stablecoin, had not outlined any plans for the over 2 million AVAX tokens it holds. Avalanche had shared the update with its community amidst an increasing number of inquiries from the Avalanche community about the AVAX tokens in custody with the Luna Foundation Guard. With the value of the AVAX tokens around $30 at the time, the value of AVAX that was held with LFG was around $60 million, making it the second-largest holding in the foundation’s reserve. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
16 days agocryptodaily
Ethereum (ETH) Whale's July Picks: Uniglo (GLO), Hex (HEX), and Chainlink (LINK)
Investors have been having a terrible first half of the year. With the Terra-Luna crash that wiped out $40 billion from the crypto industry, coin holders have been busy scraping whatever is left at the bottom of the market’s profit barrel. But have we really reached the bottom? Does that mean the market is ready to pick up again? Unfortunately, according to analysts, there is no definitive sign yet that the skies are clearing. But we spoke to an Ethereum (ETH) whale who said that, at least for July, there are three cryptos that investors need to explore – Uniglo (GLO), Hex (HEX), and Chainlink (LINK). Uniglo (GLO) New to the industry, Uniglo is a community-based project that introduces an asset vault. The project will grow a treasury that will work in tandem with the buy-and-sell of various assets. The treasury will deal with digital cryptocurrencies as well as digitized real-world assets such as high-end watches, gold, and fine wine. By investing in tangible assets, Uniglo’s GLO token will not be as severely affected by the price volatility of digital currencies. The purpose of this strategy is, of course, to avoid the same effect the bear market has had on the rest of the cryptocurrency market. Hex (HEX) Investors also need to explore investment opportunities with Hex this month. Hex is the first certificate of deposit (CD) in blockchain technology. This platform has been very good to its early investors and stakers – so far, HEX staking offers a 38% return per year. The price of the HEX token could reach $1 within the second quarter of 2023. As of this writing, HEX is trading at $0.03 – if you purchase the token today, you might earn significantly by the following year. Chainlink (LINK) Lastly, the ETH whale we spoke to identified Chainlink as a notable investment space for July. Chainlink is a widely used oracle network built on Ethereum. Analysts identify the LINK token as one of the most bullish assets for the third quarter of 2022. This prediction is owing to Chainlink’s compatibility with all of the major blockchains and its vast functions, which span Web3 applications, decentralized applications, and decentralized autonomous organizations (DAOs). Google also recently identified Chainlink as one of their official Cloud Partners. Final takeaway For the rest of 2022, we will see a deluge of attempts at recouping investment losses. With the three cryptos above, investors can at least establish solid footing first before bringing their portfolio to better heights. Find Out More Here: Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Telegram: https://t.me/GloFoundation Discord: https://discord.gg/a38KRnjQvW Twitter: https://twitter.com/GloFoundation1 Disclaimer: This is a sponsored pressrelease andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
17 days agocryptodaily
TRON DAO Reserve Addresses Questions Regarding USDD Stablecoin
Geneva, Switzerland, 24th July, 2022, ChainwireThe TRON DAO Reserve (TDR) has officially answered some frequently asked questions from the community about USDD, the decentralized over-collateralized stablecoin on TRON. The USDD stablecoin is currently the most over-collateralized stablecoin across the entire cryptocurrency market. The core mission of USDD is to provide the blockchain world with a decentralized cryptocurrency of stable value. USDD represents true decentralization across the stablecoin market. Other stablecoins such as USDC or USDT are pegged to a central platform's U.S. dollar (USD) reserves. By nature, the fundamentals of USDC and USDT are considered centralized stablecoins with strict supervision by regulators worldwide. Current market conditions have brought fears of assets being subject to liquidation and freezings without the consent of the holders. USDD overcomes these fears from multiple different angles. Whitelisted institutions of the TRON DAO Reserve (TDR) are authorized to mint USDD. The value of USDD is supported by the over-collateralization of highly liquid crypto assets consisting of, but not limited to, BTC, USDT, USDC, and TRX. This allows USDD to be free from centralized intermediaries so users do not have to worry about their assets being frozen with or without notice. This enables holders of USDD to truly have full ownership of their stablecoin. Stability is an important aspect of a successful stablecoin. Centralized stablecoins such as USDC and USDT are bound by regulators to maintain a 1:1 reserve ratio to the USD. If the centralized authorities of these stablecoins are unable to meet their reserve requirements, this can cause the centralized stablecoins to lose its 1:1 USD peg. USDD is immune to such issues due to its decentralized nature. USDD is not designed to strictly peg to the USD; instead, it floats up and down around it. The price stability of USDD is maintained through monetary policies adopted by the TDR based on market conditions. Under volatile market conditions, USDD is not considered depegged when it is within 3% up or down from the USD peg. This allows for further flexibility for the TDR to make the necessary monetary policy adjustments if needed. With recent volatility in the markets, USDD has adjusted properly through TDR’s monetary policy tools which have strongly held up against recent concerns. This methodology is known as a Linked Exchange Rate System and has successfully allowed USDD to properly scale. The recent controversy surrounding stablecoins arose due to the LUNA and UST crash. USDD fluctuated below its USD peg partly due to market misconceptions tied to the LUNA/UST fiasco. LUNA and UST do not follow the TDR policies that USDD is subject to; instead, LUNA and UST function strictly off an algorithmic arbitrage system of burning and minting. This means that UST did not have to rely on any reserve system to support the 1:1 USD peg. This whole process relied heavily on LUNA’s liquidity, when market conditions worsened, causing UST to lose its peg, it resulted in a major shock driving prices down for LUNA and in turn UST because there was no reserve system backing it. This is what ultimately caused the collapse of the LUNA and UST prices. On the other hand, USDD is completely supported by a reserve system filled with liquid assets run by the TDR as mentioned earlier. The details of the TDR assets are published in real-time on tdr.org. The TDR adopts four monetary policy instruments to ensure the stability of USDD, creating further growth in the TRON ecosystem. The four policy instruments are setting benchmark interest rates, open market operations (OMO), window guidance, and the minting-burning mechanism of TRX and USDD. The TDR will also explore more monetary policy tools to foster further stability and growth of the USDD ecosystem. The end goal of TDR’s monetary policy adjustments is to maintain a stable price of USDD while further empowering it to be the most reliable and decentralized stablecoin on the market. For more information about USDD, check out our recent blog post, which goes into details on various community questions and concerns. About USDD USDD is a decentralized over-collateralized stablecoin launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. The USDD protocol runs on the TRON network, is connected to Ethereum and BNB Chain through the BTTC cross-chain protocol, and will be accessible across more blockchains in the future. USDD is pegged to the US Dollar through TRX and maintains its price stability under the guidance of the TRON DAO Reserve. It enables access to a stable and decentralized digital dollar system that in turn assures financial liberty for everyone. Website | Twitter | Telegram | Discord | Medium ContactsSam [email protected]
18 days agozycrypto
After Weeks Of Hiding, 3AC Founders Break Silence, Blame LUNA For Hedge Fund Collapse
Three Arrows Capital has consistently been in the news for unpleasant reasons. The Singapore-based crypto hedge fund defaulted on its enormous loans to different crypto entities, resulting in...
19 days agocoindesk
Three Arrows Capital Founders Say Terra, GBTC Trades Led to Fund Blowup: Report
“What we failed to realize was that Luna was capable of falling to effectively zero,” Three Arrows Capital co-founder Su Zhu said.
19 days agocointelegraph
Mike Novogratz warns that 200X returns from crypto are ‘not normal’
Former-LUNAtic Mike Novogratz has told crypto investors that the insane returns seen in the crypto space are simply unsustainable.
21 day agozycrypto
7 Leading Exchanges Raided By Korean Prosecutors In Connection To Terra Fraud Inquest
On Wednesday, a team of South Korean investigators raided the offices of seven domestic crypto exchanges as part of an ongoing probe into the fall of Terraform Labs’ dual tokens LUNA and TerraUSD (UST) according to a report in a local media outlet.
22 days agocointelegraph
Singapore's financial watchdog pushes back against Terra and 3AC associations
According to the MAS managing director, TerraForm Labs, Luna Foundation Guard and Vauld were “not licensed or regulated" by Singapore's financial watchdog.
24 days agonulltx
Terra Luna Classic Trending on Twitter (#LUNACLASSIC) Amid Ongoing LUNC Burn Efforts
With the cryptocurrency market trading sideways most of last week and showing slight bullish momentum today, one of the trending topics in the Business & Finance section on Twitter is none other than Terra Luna Classic, with the trending hashtag #LUNACLASSIC surpassing 6k Tweets. The LUNC community is hard at work pushing for the burn […] The post Terra Luna Classic Trending on Twitter (#LUNACLASSIC) Amid Ongoing LUNC Burn Efforts appeared first on NullTX.
30 days agocryptopotato
Terra Projects Flee to Polygon Following the UST-LUNA Collapse
In mid-May, Polygon Studios' CEO revealed working closely with several Terra-based projects to help them migrate over to the layer 2 network.
31 day agozycrypto
KuCoin Shuts Down Rumors Of Halting Withdrawals And Claims That It’s Enabling Fraud In Roller Coaster Day
KuCoin has refuted rumors on Twitter over the weekend that it is planning to halt withdrawals due to undisclosed LUNA exposure even as it faces claims that it enables fraud. KuCoin’s CEO Johnny Lyu has taken to Twitter to refute rumors that the exchange is gearing up to halt withdrawals as fear, uncertainty, and doubt […]
34 days agocointelegraph
Korean startup Uprise lost $20M shorting LUNA
The crypto custodial service and AI trading platform managed to lose nearly all of its customers’ assets by shorting LUNA, the Terra Classic native token.
35 days agocryptopotato
US and South Korea Set to Share Data on the Terra-Luna Meltdown
The latest cross-border partnership will focus on probing crypto and other financial crimes.
35 days agocryptopotato
Kakao-Backed Uprise Loses $20 Million Shorting LUNA During May Crash
The company used its own and its customers' funds to short LUNA, but it didn't go to plan.
35 days agocointelegraph
Korea and US agree to share investigation data on Tera-Luna
The two nations have agreed to share their investigation data on the ongoing crypto-related cases including Terra Luna.
36 days agocryptopotato
CoinLoan Reduces Withdrawal Limits but Claims No Exposure to Luna, Celsius, 3AC
CoinLoan said it will lower the limit of users' withdrawals to ensure the stable operation of its platform during the ongoing bear market.

About Terra

The live price of Terra (LUNA) today is 2.0405 USD, and with the current circulating supply of Terra at 127,475,474.31 LUNA, its market capitalization stands at 260,118,678 USD. In the last 24 hours LUNA price has moved 0.0539 USD or 0.03% while 30,560,058 USD worth of LUNA has been traded on various exchanges. The current valuation of LUNA puts it at #153 in cryptocurrency rankings based on market capitalization.

Learn more about the Terra blockchain network and how it works or follow the price of its native cryptocurrency LUNA and the broader market with our unique COIN360 cryptocurrency heatmap.


Terra Price2.0405 USD
Market Rank#153
Market Cap260,118,678 USD
24h Volume28,644,511 USD
Circulating Supply127,475,474.31 LUNA
Max Supply1,000,000,000 LUNA
Yesterday's Market Cap257,726,930 USD
Yesterday's Open / Close1.9679 USD / 2.0218 USD
Yesterday's High / Low2.0596 USD / 1.9247 USD
Yesterday's Change
0.03% ( 0.0539 USD )
Yesterday's Volume30,560,058 USD
Mining Info
Hashing algorithmScrypt
Pools (known)1
Pools Hashrate0.00 H/s
Network Hashrate69.84 MH/s
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