There has been an ongoing debate regarding different blockchain systems and cryptocurrencies. The latest in this list is Terra LUNA, which has come to the spotlight after a community member and crypto expert blamed it for being a ‘Ponzi Scheme.’
The Russian-Ukraine war has sent jitters across the equity and the crypto market bringing back strong volatility in play. Furthermore, the sanctions have also exposed that how any country can be at the receiving end of the economic warfare driven by traditional financial systems.
Financial modeling company Gauntlet which specializes in crypto, has raised $23.8 million in a Series B funding round that saw participation from some major blockchain venture funds. This resulted in the company achieving Unicorn status, which means that it has reached a $1 billion valuation.
Argentinian citizens involved in the cryptocurrency industry are criticizing a perceived anti-crypto requirement that the recent deal made with the IMF has introduced. The deal, which restructures and gives more facilities to the country to pay the $45 billion owed to the fund, also hints at a series of measures directed at stifling the growth that the crypto industry has experienced in the country.
Ethereum (ETH) witnessed some major bounceback on Monday, March 14, and is currently trading at $2,550 levels. Along with Bitcoin (BTC), the world’s second-largest cryptocurrency continues to remain volatile in the price range of $2,500-$3,200.
Blockchain security and forensics firm Elliptic has been working with authorities to expose crypto wallets affiliated with sanctioned individuals or organizations.
During the last 12 months the stablecoin economy has grown massive and the current valuation today is only $13 billion away from tapping the $200 billion mark. This month, the two biggest gainers in terms of 30-day issuance include Terra’s UST jumping 29.9% and Neutrino Protocol’s USDN spiking 43.8%.
As the current human civilization, we are still far from realizing our sci-fi fantasy of having our reality translated into a virtual computer program accessible through technology with the capabilities to do that.