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When is the Ethereum Merge? What we know about it

The Ethereum Merge Benefits The Ethereum merge is set to take place in September, transitioning the Ethereum Mainnet Network from proof of work to proof of stake. Not only will the migration enable Ethereum to unlock new scaling capabilities, such as sharding, but it will also...

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/1524654726432043008 Peg Pressure On UST Is Reducing the Value Of Luna The 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 5/12 https://twitter.com/stablekwon/status/1524331171189956609 He 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 Collapse The 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...

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...

Google Cloud has formed a new Web3 Infrastructure team

Summary: The Google cloud division is launching a team to create infrastracture for web3 developers. The goal is to make the Google Cloud Platform the platform of choice for field developers. Google aims to provide back-end services to developers that wish to create their...