Nothing sparks demand quite like decreasing supply. At least, that’s what’s supposed to happen. Just ask Terra, the community charged with maintaining the LUNA utility token protocol and terraUSD stablecoin developed by Terraform Labs. On Tuesday, the community voted to burn just shy of 89 million LUNA tokens (roughly $4.5…

In recent years, as the metaverse has evolved from a tool for social contact to one that can be used for employment or other types of entertainment, there has been a revived interest in this sector. As a result, metaverse cryptocurrencies continue to gain traction in the digital money market…

Bitcoin did well last month in a period dubbed “Uptober” by crypto enthusiasts. But its modest gains of 40% were nothing compared to the weird world of meme coins, where cryptocurrencies unheard of just months ago experienced gains of upwards of 3,900%. Meme coins — cryptos based on internet memes…

Ethereum (ETH) has hit a new all-time high price of $4,468.38 today, after breaking through its previous all-time high of $4,467 at approximately 9:30 EST. The new price record coincides with an all-time high for Ethereum’s hashrate, the measure which shows the processing power of the Ethereum network. According to…

SOL, the native coin of the smart contract-enabled blockchain Solana, has risen in price by 7% over the last 24 hours to become the fifth-largest cryptocurrency by market capitalization, according to CoinGecko. In doing so, it has flipped Cardano’s ADA, which has been unable to keep pace with its fellow…

The head of Singapore’s central bank said there are some great use cases for crypto — especially stablecoins. Bankers and government officials around the world are proving more welcoming to crypto than ever before. Tharman Shanmugaratnam — Singapore’s Central Bank Chairman — recently stated that cryptocurrency has a place in…

Nayib Bukele, the president and self-described “Emperor of El Salvador,” has taken advantage of today’s drop in Bitcoin prices to increase his country’s BTC reserves. Bukele announced today on Twitter in English (the lingua franca of the Bitcoin ecosystem, but not his citizens) that he had bought the proverbial dip…

ㅤ In brief Meme token Shiba Inu has surged in value of late, up 45% over the last 24 hours, and its market cap is now greater than that of Dogecoin. The wider crypto market is down 4% today, and Bitcoin has slumped below $60,000. Shiba Inu was pegged by some as…