Terra

Erez Capital Announces the Addition of 40 Venture Partners and $10M Commitment

FOR IMMEDIATE RELEASE June 22, 2023 Press Contact: Noah Ente Associate Erez Capital noah@erezcapital.io  Boston, June 23, 2023 - Erez Capital, a emerging venture capital fund investing in disruptive technologies, is thrilled to announce its addition of 40 Venture Partners to join the fund. These new partners will play an important role in the quickly developing artificial intelligence ecosystem - specifically in the proptech, medtech and fintech sectors. “This is an exciting new chapter for Erez Capital, creating a new collaborative model to drive rapid acceleration and growth for pre-seed

Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols

On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes to Expand Terrausd’s Reach Across 5 Protocols At the time of writing, Terra’s terrausd (UST) stablecoin is the fourth-largest U.S. dollar-pegged token among all the stablecoins in existence. It is also the largest decentralized algorithmic

Up by 71%, LUNA makes big gains, but will they sustain over coming days

Terra’s native token LUNA which stands only 2 spots below the top 10 list, became this week’s biggest gainer of the entire top 100 cryptocurrency list. While a lot of aspects factor in for this, the bigger concern only remains in the interest of investors. LUNA in 7 days… The altcoin has been consistently increasing since the end of November, charting an everyday rise of 14% and 15%. This led to the altcoin recovering all of November’s losses while in the process also marking a new all-time high within 3

White Whale: Enabling the UST peg in a decentralized manner

When looking at the Cryptosphere, there are a number of challenges that are immediately present. The maintenance or consistency of the UST (TerraUSD) peg, is one of these challenges. If a stablecoin cannot hold its peg, the entire ecosystem that is built around it can fail. This is not a hypothetical situation, but one that has happened to other algorithmic stable coins, it resulted in the peg being lost and projects dumping to zero. Another issue smaller investors are facing is the “whales”. Whales have been known to manipulate markets,

Cosmos liquid staking protocol pSTAKE raises $10 million in seed funding

pSTAKE, a liquid staking protocol from blockchain startup Persistence, has raised $10 million in a seed funding round.Three Arrows Capital, Galaxy Digital, Sequoia Capital India, and DeFiance Capital co-led the round, with Coinbase Ventures, Tendermint Ventures, Kraken Ventures, Alameda Research, and Sino Global Capital also participating. Several angel investors, including Aave's Ajit Tripathi, Terra founder Do Kwon and Alpha Finance co-founder Tascha Punyaneramitdee, also backed the round. Crypto staking infrastructure providers, including Stake.fish, Figment Fund, Everstake, and Chorus One, also joined the round. This was pSTAKE's first fundraise and was

SEC Files Action Against Terraform Labs CEO Do Kwon Regarding Mirror Protocol

The United States Securities and Exchange Commission (SEC) has introduced an action against Terraform Labs, the company behind the design of the Terra blockchain, and its co-founder and CEO Do Kwon. The SEC is seeking an order for Kwon to comply with a series of subpoenas he has failed to address. The investigative subpoenas seek Kwon’s testimony and the production of documents from Terraform Labs SEC Acts Against Terraform Labs and Do Kwon The United States Securities and Exchange Commission (SEC) has taken the next step in its battle against

Solana’s growth has been more than organic, but here’s a word of caution

The third quarter of the year was both exciting and nerve-wracking for most in the crypto-community. And, while both Bitcoin and Ethereum saw positive quarters, the big winners were actually newer protocols. In fact, a significant surge in smart contract platforms outpacing the larger market was noticeable with the rise of projects such as Solana, Avalanche, and Terra. All of the aforementioned gained by at least 300% on the charts.  Even though the Ethereum network had a burst of new user adoption, mostly due to the rapid rise of NFTs,

Terra to Apply Columbus 5 Mainnet Migration

Terra, a top 15-ranked cryptocurrency by market capitalization, is planning to apply the Columbus 5 upgrade to its mainnet today. If everything goes according to plan, this new update will bring improvements to allow the Terra network to keep expanding. Columbus 5 will change how the network mints UST (terrausd), the main stablecoin of the blockchain, and will also bring integration with other chains, and faster transactions. Columbus 5 to Go Live Today Terra, a smart contract-enabled cryptocurrency chain, is prepared to apply the new Columbus 5 mainnet upgrade today.

Where to buy Terra before new upgrade sends LUNA price to the moon

Growing demand for UST saw LUNA price hit an all-time high this month, and it could easily achieve another after the Columbus 5 upgrade Terra (LUNA) has defied the downward trend prevalent in the rest of the crypto market by managing gains of 1.5% in the last 24 hours. With an important upgrade due at the end of the month which will enable the Terra ecosystem to expand, LUNA price could be headed for the moon. How & where to buy Terra in the UK and elsewhere With the ever-increasing

With a ‘ready to go’ ecosystem, does Polkadot have a shot at the $250-$350 range

Polkadot, the 8th largest token has been surging for a while now. Steady development and strong fundamentals significantly contributed to a rally toward a new all-time high ($49.80). Consider this plot- DOT is up 356% YTD. Source: CoinMarketCap Meanwhile, the flagship token witnessed a 256% recovery over the last 56 days, as per Trading View. Although the token, at press time is trading just shy of the $37 mark (down by almost 23% from its ATH)- different analysts remain bullish. For instance, crypto analyst Lark Davis took to Twitter to shed

Top-10 Aspiring Altcoins to Watch in September

This article will take a look at ten cryptocurrencies that have interesting developments lined up for the month of September, which could also have a positive effect on their price.Sponsored Sponsored Cardano (ADA) Current Price: $3.03Market Cap: $91 BillionMarket Cap Rank: #3 Cardano was founded in 2017 by Charles Hoskinson, who is also a co-founder of Ethereum (ETH). It is a proof-of-stake platform, whose native token is ADA. It is one of the biggest blockchain platforms to utilize the proof-of-stake instead of the proof-of-work consensus. The Alonzo testnet was launched

Can These Surging Altcoins Compete With Ethereum? Glassnode Analyzes Three Growing Platforms

A slew of smart contract platforms have been surging in price over the past 30 days, and blockchain analytics firm Glassnode is digging into the metrics to determine whether or not any of these platforms can compete with Ethereum (ETH) in the future. Avalanche (AVAX), Solana (SOL), and Terra (LUNA) have all exploded over the past month, gaining 292.9%, 212.2%, and 191.4% in value, respectively, according to CoinGecko. ADVERTISEMENT   Glassnode first discusses the “spike in interest” on AVAX and SOL. “Alternative smart contract platforms like Avalanche and Solana have