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De-pegged Terra Classic stablecoin, Terra UST (USTC), rose by over 30% after the emergence of a proposal by Terra classic core developer Tobias Andersen to re-peg the token. The post Terra USTC spikes 33% after talks of re-peg appeared first on CryptoSlate.
Binance said it would deploy burn mechanism to burn all trading fees
The cryptocurrency market has experienced modest gains over the past day after trading significantly below average to begin the week. Despite investors' cautious optimism about coin prices, it appears that there are still opportunities to profit.
The world's largest crypto exchange Binance earlier announced 1.2% tax burn support for Terra Classic (LUNC) and TerraClassicUSD (USTC) on all on-chain activities. But the community wants tax burn support for off-chain activities such as selling and buying.
The world's largest cryptocurrency exchange, Binance, has announced it is expanding support for the community-led Terra Classic chain and will be adding Terra Classic (LUNC) and TerraClassicUSD (USTC) to Binance Convert.
The Bitcoin Crash has upset many people. Yet, it seems that the market is trying to recover now.
Bitcoin price started a recovery wave above the USD 19,000 resistance level. BTC is currently (11:20 UTC) consolidating and might clear the USD 19,500 resistance. If not, the bears might take back control.
During the last 24 hours, crypto asset prices have improved as the global cryptocurrency market capitalization today has risen 1.9% to $1.07 trillion. Interestingly, the two so-called ‘defeated' Terra blockchain tokens, now called terraclassicusd (USTC) and luna classic (LUNC), have seen significant gains.
The current crypto market may seem ripe for an impressive recovery, but some digital tokens won't be along for that bullish ride.
Smart investors aren't looking at charts; they're following builders.
It was another bullish crypto session on Thursday, with FOMC member chatter easing market jitters of a 100-basis point rate hike this month.
While the new Terra LUNA 2.0 is faring decentlyin the market, for some reason the now-defunct stablecoin has been touching the skies.
LUNA price after a significant brawl with the bears finally, jumped out of consolidation to surge nearly 30% since the early trading hours. On the other hand, LUNC & USTC prices have also made large moves, indicating the resurgence of a bullish trend. However, now that the top 2 cryptos are trembling down, will these …
