Crypto news on the cryptocurrency market for 10/12/2022 bitcoin news Ethereum Bybit Binance LUNA
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Crypto news on the cryptocurrency market for 10/12/2022 bitcoin news Ethereum Bybit Binance LUNA/BUSD Terra ERN/BUSD Ethernity Chain (ERN) HBAR/BUSD Hedera Hashgraph (HBAR).
Crypto news:
1. Bitcoin whales withdrew 15.7k BTC from exchanges recently, highest since june.
2. Bitcoin (BTC) sentiment remains negative for tenth consecutive week.
3. Binance to invest $500 Million in Elon Musk Twitter buyout.
Which cryptocurrency has the highest growth on 10/12/2022:
Hedera Hashgraph (HBAR) HBAR/BUSD +8.21%
Ethernity Chain (ERN) ERN/BUSD +9.80%
Terra LUNA/BUSD +19.21%
Terra is a blockchain platform designed to issue algorithmic stablecoins: Terra USD, Terra KRW, Terra SDT and others. Assets are pegged to their respective fiat currencies and backed by the Terra native cryptocurrency (LUNA).
To issue stablecoins, LUNA coins are burned for the corresponding value. To withdraw from circulation, stablecoins are exchanged for another asset through LUNA. Fixed cost is supported by arbitrageurs.
The Terra network is based on the Delegated Proof-of-Stake consensus algorithm. LUNA staking is available to users through the Terra Station decentralized application. Validators form blocks, and also determine the rate of stablecoins to LUNA by voting through the oracle module.
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