What is LUNA? Terraform is the parent company of the cryptocurrency asset LUNA. Recently, the coin saw a surge in both price and market cap, passing up popular cryptocurrencies like Shiba Inu, Doge, and Avalanche. Terra’s website describes LUNA as a “decentralized reverse asset”. The Terra network effectively uses algorithms to generate stablecoins that correlate in price with other assets, like fiat and gold. The entire purpose of the network is to eliminate some of the volatility often associated with assets in the crypto space. LUNA is another coin that people label as an “Ethereum Killer” much like the 5th ranked crypto, Solana, and the 12th ranked crypto, Avalanche. All…
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Visa CEO: We’ll let you spend crypto at 70 million merchants
Al Kelly said Visa wants to be an intermediary between crypto holders and merchants—the role Satoshi Nakamoto sought to eliminate with Bitcoin
“We’re trying to do two things,” Kelly said. “One is to enable the purchase of bitcoin on Visa credentials.” The second, he added, is “working with bitcoin wallets to allow the bitcoin to be translated into a fiat currency” that can be immediately “used at any of the 70 million places around the world where Visa is accepted.”
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Crypto-friendly Brian Brooks steps down as bank overseer
The former Coinbase executive’s rulings at the Office of the Comptroller of the Currency aided the cryptocurrency industry by allowing banks to custody and make payments with stablecoins
During his eight months at the head of the Office of the Comptroller of the Currency, Brooks, a former general counsel at Coinbase, enacted a number of reforms that helped push the cryptocurrency industry farther into the banking industry’s mainstream, most recently authorizing banks to use stablecoins to make payments and for other transactions on behalf of customers.
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In a ‘huge’ win, regulator says banks can make payments with stablecoins
Circle’s Jeremy Allaire said the ruling by the Office of the Comptroller of the Currency ‘helps put the U.S. in a leadership position in embracing the power of public blockchains’
Allaire said Acting Comptroller of the Currency Brian Brooks’ latest move is “a HUGE way to start 2021, the year that crypto and stablecoins go mass market!” He added, "the significance of this can’t be understated.”
