News – Archive

$UST token, Terra ecosystem stablecoin, has struggled to maintain parity with the dollar. The UST market has been volatile today, as traders scramble to adjust their portfolios in the face of macroeconomic uncertainty. The price of UST hit a low of $0.9857 on Binance against USDT, before recovering slightly to $0.995 at the time of writing. This trading pair is the most voluminous for UST, with $1.36 billion in volume reported in the past …

To get closer to religion through a strikingly personal adventure and attend religious events without the necessity of physically being there, the combination of NFTs and religious sites is getting increasingly popular in the metaverse world. For example, the Vatican is launching an NFT gallery for people to worship god.  Being an inclusive platform, Metars aims to combine art galleries and religious sites in the metaverse world, aiming …

Bitcoin fell 8.6 percent on Thursday to under $36,000. The cryptocurrency is down more than 30 percent over the past two weeks and has fallen roughly from its recent highs. For comparison, Facebook’s market cap was $753 billion on Thursday afternoon, while Apple Inc.’s was $702 billion—both significantly higher than Bitcoin’s current worth. The widespread unwinding of risk assets has hit the cryptocurrency market pa…

Fed hike The Fed is meeting on Wednesday, and the market is bracing for a rate hike. That’s because Jerome Powell, chairman of the US Federal Reserve, will announce the Fed’s approach to interest rates at its monetary policy meeting on Wednesday. If it does raise rates—as many expect—the move will be a huge deal for markets across the globe. Why does one small meeting by one small group of people have such far-reaching consequences? …