Crypto.com Slashes Rewards And Puts CRO At Risk Crypto.com became one of the major crypto exchanges. They invested heavily in marketing the past year and this year atracting a lot of users. One of the advantages crypto.com was giving to its users was the ability to get their credit card and earn cashback rewards for using it. The only thing that users had to do was stake CRO, the more the user staked the better card they would get. All of these made an incredible impact on…
USDD Just Launched On Tron: First Day With Over 30% APY USDD is a new decentralized stablecoin backed up by TRX on the Tron blockchain. An APY of 30% was promised and was delivered. Lets see how things are looking right now only after some hours of USDD launch. USDD was launched and bridged over to three chains instantly after launch, it lives on Tron, Binance smart chain and Ethereum, everyone can find the respective contracts on Coingecko. Right now on USDD.io, the…
ErgoDex Goes Live On Cardano Testnet ErgoDex is a decentralized exchange that lives on the Ergo mainnet and is making its way to the Cardano blockchain. It already works well on ERGO and it promises to deliver its features on Cardano aswell. As of yesterday the DEX went live on Cardano testnet, this is the final step before it launches on the mainnet. The testnet exists for users to test the DEX with free tokens and report any bugs that they encounter. This helps the…
LUNA In Trouble As UST Loses Its Peg To USD LUNA is a cryptocurrency mostly known by its stablecoin UST, this stablecoin is pegged to the USD by burning and minting LUNA as needed. One of the things that made UST so popoluar is the almost 20% APY this stablecoin grants to its users on Anchor. On the last days a major problem surged as UST started to slowly losing its peg to the USD and going below the 1$ mark. Although it's normal that these type of coins have some swings…
The Aftermath Of Terra (LUNA) Terra is a blockchain famous for its stablecoins and its high APY on UST, almost 20%. The blockchain went into a shock after UST lost its 1$ value and fell to under 10 cents, this brought the whole blockchain down with it. After losing the 1$ value the algorithm that was suposed to keep the value of UST started to mint LUNA in a frenzy to try to save the correlation with the US dollar, this failed completely leaving LUNA with over 6 trillion…
Portugal Will Tax Crypto In The Near Future Portugal has been talked about as the dream of any cryptocurrencies trader or holder. The country doesn't have any tax system on cryptocurrencies and everyone is free to trade, buy and sell without having to pay anything to the state. This situation is about to change, as more countries tax crypto, Portugal will follow and tax crypto gains. This situation was explained by the Portuguese government and although the laws aren't done…
Tron Overtakes Avalanche and Solana To Enter The Top-3 Blockchain By TVL Tron is making huge movements since the launch of its algorithmic stablecoin USDD. Although it's an unpopular topic right now due to the crash of LUNA and UST, Tron is climbing the ladder with this launch. Launched on the 5th of May, USDD is now available to trade on some big exchanges like Kucoin, Huobi and Poloniex. It's also available on JustLend, a decentralized application built on the Tron…
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