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New Update: Terra Explains The Current Situation on Luna And UST

An Update By Terra has been released on Twitter about the current situation on the Terra Ecosystem.https://twitter.com/terra_money/status/1524654726432043008Peg Pressure On UST Is Reducing the Value Of LunaThe ongoing peg pressure on $UST as a result of its existing supply overhang is causing a significant reduction...

Good News: Do Kwon Finally Addresses The Terra Community Amid UST and Luna Crash

As an update to our last article, Do Kwon breaks the silence and addresses the Terra community on a Tweeter Thread, 19 hours after tweeting that he was close to announcing a recovery plan.New Update 5/12https://twitter.com/stablekwon/status/1524331171189956609He acknowledges that the previous 72 hours have been...

What Is happening with Terra’s Luna? An 85% crash caused by UST crashed the coin to 5$

The UST CollapseThe UST collapse, in which UST lost its peg, caused luna to plunge from 68$ to 34$, the downward trend seems to be continuing. UST dropped to ~0.7$ and recovered yesterday to about $0.93 to fall again to the jaw dropping value...

What is the Amp cryptocurrency & Flexa – How Do They Work?

What is the Amp Cryptocurrency?AMP is a decentralized cryptocurrency designed to make payments fast, easy, and affordable. It's based on the Ethereum blockchain and has been developed with the help of leading experts in finance, cryptography, and distributed systems.How does it work?Token balances are...

Cardano’s New Algorithmic Stablecoin Djed Launched On The Public Testnet

The Coti Team is happy to say that the public Testnet version of Djed is now available after months of hard work with the Cardano team.What Is Djed?Djed is a decentralized algorithmic stablecoin that is created on top of the Cardano blockchain technology. Using a...

What Is the MEXC Exchange? A User-friendly CEX

What Is MEXC?MEXC Global, which was established in 2018, is a technology exchange that specializes in high performance and mega transaction matching. MEXC Global's workforce includes some of the industry's early adopters and trailblazers in financial and blockchain technologies. MEXC Global already serves more than...