Altcoin News

ecommended News :
Ripple Pledges $100M to Bolster Global Carbon Market

Ripple announced an allocation of $100 million for bolstering the global carbon market. The company is taking part in tokenizing carbon credits. In addition, Ripple is aiming to achieve a net-zero carbon footprint by 2030. Ripple has announced that it will be allocating up to $100 million to “scale and strengthen” global carbon markets.  According to the press release, the said amount will be used to invest in companies and startups that focus on this area. The funding will accelerate carbon removal activity and help modernize carbon markets through investments in innovative carbon removal companies and climate-focused fintechs. The company

1 min read
LUNA Foundation Drains 80K of BTC Reserve for UST
LUNA Foundation Drains 80K of BTC Reserve for UST

Luna Foundation Guard held a reserve that contained 80,394 BTC as of May 7. The foundation sold 80,082 BTC for UST with an effort to save its peg. LFG to reimburse its remaining assets to UST holders. Amidst Terra’s catastrophic crash last week, Luna Foundation Guard disclosed that it had sold 80,082 of its Bitcoin reserves between May 8 and 10, 2022. On May 16, the foundation shared a thread on Twitter revealing that they began converting its reserves to UST during UST and LUNA price drop. The non-profit foundation announced that as of May 7, LFG held a reserve

2 mins read
CZ Amid LUNA Crash: “Manage Your Risks. We Can Handle Ours”
CZ Amid LUNA Crash: “Manage Your Risks. We Can Handle Ours”

Binance’s LUNA investment that peaked at $1.6 billion is now worth less than $3,000. Showing how ‘diamond hands’ they are, Binance never sold its LUNA and UST amid Terra’s crash. Changpeng Zhao said people should manage their risks, as they can handle theirs. Binance CEO Changpeng Zhao, commonly known as CZ, responded to a post on Reddit via his Twitter to those people worrying about Binance’s LUNA investment.  The Reddit post is linked to an article that said Binance’s LUNA investment “peaked at $1.6 billion, now worth just $3,000.” In detail, Zhao responded to those people, saying that “even ‘big

2 mins read
BAYC’s ApeFest 2022 to Happen at Pier 17 NYC
BAYC’s ApeFest 2022 to Happen at Pier 17 NYC

ApeFest will be happening at Pier 17 in NYC from June 20 to 23. Pier 17 is an indoor/outdoor waterfront venue with panoramic views. This year’s ApeFest venue can accommodate twice as much as last year’s. Bored Ape Yacht Club announced via Twitter that this year’s ApeFest, which was scheduled this coming June 20 to 23, is going to take over at Pier 17 in New York.  “Can’t wait for four wild nights of unforgettable performances and hanging with you at this one-of-a-kind spot,” BAYC added in its tweet on Monday.  Furthermore, bored apes are going to experience something big

2 mins read
Axie Infinity Origin Patch Now Live on Mobile
Axie Infinity Origin Patch Now Live on Mobile

Players can now play early access to Axie Infinity Origin using Android phones. The company is giving away 3 free starter Axies. The transition of global launch will depend on the players’ feedback over the following months. Axie Infinity Origin, which is at its early access testing phase, has taken a step closer to its full global launch. The popular NFT game announced on Twitter quoting “Axie Infinity: Origin is LIVE on Android Mobile devices!” “This is a really important step for our movement because now anyone can get started with three free starter Axies,” said Co-Founder Jeff Zirlin. “Fall

2 mins read
Terra’s Do Kwon Announces UST Recovery Plan
Terra’s Do Kwon Announces UST Recovery Plan

Terra’s stablecoin UST and LUNA have dropped as low as $0.19 and $0.002, respectively. CEO of Terraform Labs Do Kwon said increasing the supply of LUNA in the market would help re-peg UST. Kwon also plans to adjust its collateralization mechanism. Terraform Labs’s founder and CEO Do Kwon revealed the company’s recovery plan for UST and LUNA amid this week’s crypto crash. He pointed out that the company didn’t mean to become so quiet and asked ‘lunatics’ to stay strong. In Kwon’s Twitter thread post addressed to the Terra Community, he said: “I understand the last 72 hours have been

2 mins read
LUNA and UST Drama: Is Now the Right Time To Buy or Not?
LUNA and UST Drama: Is Now the Right Time To Buy or Not?

Luna and stablecoin UST dropped its price to more than -100% Terraform Labs founder Do Kwon released a recovery plan LUNA and UST maintain top 50 positions in CoinGecko Decentralized payment network Luna and stablecoin UST shocked the crypto community after dropping its price to more than -100%. The price drop was witnessed in all exchanges where these cryptos are listed. LUNA plunged its price to as low as $.69 per crypto while UST recorded a decline trading price of $.22. This price tally is based on the charts provided by the Binance exchange.  The price crash of LUNA and

2 mins read
Gemini: Terra Conspiracy Peddled by Hoskinson Untrue
Gemini: Terra Conspiracy Peddled by Hoskinson Untrue

Gemini dispelled rumors that it has loaned 100,000 bitcoins to Blackrock and Citadel. Charles Hoskinson deleted his tweet that made hair-raising allegations against Terra Labs. Terra (LUNA) price has crashed by 94.4% in the last 24 hours. Cryptocurrency exchange Gemini made its position clear amid allegations circulating that it was part of a scheme made by high-profile investment companies to exploit Terra (LUNA) and TerraUSD (UST). Gemini’s statement came after wild conspiracies floated across the crypto space. In fact, Cardano godfather Charles Hoskinson shared the allegations on his Twitter account. However, after Gemini made the above statement, Hoskinson has since

2 mins read
Terra Adds Another $1.5B in Bitcoin Reserves
Terra Adds Another $1.5B in Bitcoin Reserves

Luna Foundation Guard added another 37,863 ($1.5 billion) Bitcoin purchase to its reserves. The foundation now has a total of 80,394 Bitcoin reserves. “You’re starting to see a pegged currency that is attempting to observe the bitcoin standard,” said Terra co-founder Do Kwon. Luna Foundation Guard (LFG) has acquired its largest Bitcoin purchase of 37,863 coins, a whopping $1.5 billion at the time of purchase. The recent move by the LFG has doubled their previous reserves, from 42,530.82 up to 80,394 Bitcoin reserves. According to the tweet, the group assisted the purchase by exchanging $1 billion in UST stablecoin for

2 mins read
Axie Infinity Releases New SLP Burning Tool
Axie Infinity Releases New SLP Burning Tool

Axie Infinity released a new feature that burns SLP to balance the economy. Organizers could host an event that requires proof of burn as registration. Co-founder of Axie Infinity Jeff Zirlin called this new feature as “community burn mechanisms”. Sky Mavis’ Axie Infinity revealed a new feature that will allow tournament organizers to host tournaments and burn Smooth Love Potion (SLP) along the process.  The team announced this new feature via its official Twitter page emphasizing:  “This was a feature requested by tournament organizers so that they could host tournaments with an SLP buy-in that gets burned to help balance

2 mins read
AMC Mobile App Now Accepts DOGE and SHIB
AMC Mobile App Now Accepts DOGE and SHIB

The AMC mobile app for US theaters now accepts Dogecoin, Shiba Inu, and other cryptocurrencies. The company started accepting Bitcoin, Ether, Bitcoin Cash, and Litecoin in November 2021. Dogecoin fans demanding the meme cryptocurrency be accepted has led the CEO to consider adding the meme tokens. AMC Theaters, the largest theater chain in the US, has announced that it is now accepting Dogecoin (DOGE), Shiba Inu (SHIB), and other cryptocurrencies for online payments. The movie theater giant hasn’t revealed the names of other integrated cryptocurrencies.  In a recent tweet, AMS Theaters CEO Adam Aron shared that moviegoers must update their

2 mins read
Will Elon Musk’s Social Media Conquest Boost ADA?
Will Elon Musk’s Social Media Conquest Boost ADA?

Charles Hoskinson Tweets at Elon Musk about a decentralized social media project.  This is if Elon Musk’s bid from Twitter fails to go through. The Founder of ADA has pondered over a decentralized social media platform for a while. Founder of the Cardano blockchain — Charles Hoskinson, reaches out to Elon Musk on Twitter. In detail, he tells Elon to contact him in case Twitter rejects his bid for the social media platform. Specifically, Hoskinson aims to build a decentralized social media platform and it seems he would like to do this with Elon Musk by his side.   The Twitter

3 mins read