Quadriga co-founder Michael Patryn trades UST crash for $760,000 gain

Michael Patryn, the co-founder of now-defunct exchange Quadriga CX, took a profitable punt on the stablecoin TerraUSD (UST) as it broke its peg with the dollar yesterday.  According to transaction ana...

Crypto Sinks Lower Despite News of Falling Inflation Rates

Key Takeaways Today, the U.S. annual inflation rate came at 8.3%, slightly above economists’ expectations but 20 basis points lower than the March numbers. The prevailing sentiment among economi...

Grayscale tells SEC that turning biggest bitcoin fund into ETF will unlock $8 billion for investors

Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE Grayscale, the asset manager running the world’s largest bitcoin fund, met privately with the Securities...

UST Stablecoin Falls To $0.30 Overnight as Terra’s Market Woes Continue

The Terra network’s native algorithmic stablecoin TerraUSD (UST) has plummeted more than 45% over the past 24 hours.  On Wednesday morning it plunged as low as $0.2998, according to data from CoinMark...

Denzel Washington Talks Career, Boys & Girls Clubs Of America’s Impact

HOLLYWOOD, CALIFORNIA – JUNE 06: Denzel Washington attends the 47th AFI Life Achievement Award … [+] honoring Denzel Washington at Dolby Theatre on June 06, 2019 in Hollywood, California. ...

Napster to Reinvent Itself as Web3 Business Following Acquisition

Crypto investment firm Hivemind and Algorand have together acquired music streaming platform Napster. The acquisition will see Napster implement Web3 features to revolutionize the music industry. Hive...

Mainland Investor Enthusiasm Returns

China Last Night KraneShares Key News Asian equities had a mixed night as Hong Kong and China outperformed led by growth stocks and sectors. China’s April PPI and PPI came in at 8% and 2.1%, respectiv...

Chainalysis now worths $8.6 billion

Chainalysis is raising investments totaling $170 million, bringing its market value to $ 8.6 billion. Chainalysis doubles its value The company offers services to detect and monitor fraud related to t...

Roblox shares jumped 20% despite weak Q1 results: how come?

Roblox Corp (NYSE: RBLX) reported weaker-than-expected results for its fiscal first quarter on Tuesday. Interestingly, though, shares are still up nearly 20% this morning.   Roblox Q1 financial h...

Environmentalists urge US government to regulate crypto miners

Environmental organizations based in the United States are asking government agencies to take a new approach to regulate cryptocurrency miners. Proof-of-work mining operations have been deemed highly ...

Russia Is Likely to Default on Its Debt Soon. What That Means for Markets.

Text size Spires of St Basil’s Cathedral in Moscow’s Red Square. Cameron Spencer/Getty Images About the author: David Beers is a senior fellow at the Center for Financial Stability, a NY-b...

What Can You Expect from the Bitcoin (BTC) Price in the Upcoming Couple of Days!

The post What Can You Expect from the Bitcoin (BTC) Price in the Upcoming Couple of Days! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide Bitcoin price slashes...

Ethereum price analysis: ETH set to reverse after strong rejection above $2,100?

Ethereum price analysis is bullish today as we have seen another strong push lower being met with a reaction higher above the $2,100. Therefore, bulls are sending a strong signal that retracement will...

Bitcoin Needs to Reclaim $36K to Invalidate the Bearish Thesis, BTC’s Correlation with S&P 500 Hits ATH

Bitcoin (BTC) recently hit a 10-month low of $29K as more liquidation engulfed the market. Market analyst Ali Martinez believes a bearish picture is being painted in the BTC market because it has brok...

Nearly seven in 10 Americans want to live to 100, study finds

Despite fears of outliving savings, most Americans still want to live longer, a study on longevity and retirement shows. Nearly 70% of Americans want to live to age 100, with 29 years as the “id...

Can Logarithmic Finance (LOG) surpass Ethereum (ETH) and Solana (SOL)?

A 203% price rise for Logarithmic Finance (LOG) in its presale. Not a lot of cryptos do well in their presale stage, while some go ahead and perform well in the market eventually, others don’t. On the...

How fast does inflation cut buying power? Here’s a simple guide

Luis Alvarez | Digitalvision | Getty Images Inflation is hovering near 40-year highs. The Consumer Price Index, a key inflation metric, increased 8.3% in April from a year ago, the largest jump since ...

SEC Chair Warned of Crypto Exchanges Working Against Their Clients’ Best Interests

Gary Gensler – Chairman of the US Securities and Exchange Commission – argued there are cryptocurrency exchanges that bypass rules and bet against their own clients. He reminded that most digital asse...

EU Will Scrap Mask Mandate For Air Travel

Topline Face masks will not have to be worn in airports or on flights in Europe beginning next week, the European Union Aviation Safety Agency (EASA) and European Center for Disease Prevention and Con...

Binance continues efforts to build a safe and secure crypto ecosystem

The crypto ecosystem surpassed 3 trillion dollars in terms of market capitalization and blockchain-based applications such as DeFi, garnering interest from retail and institutional investors. This was...

New Fintech Offers Rare Pink Diamond To Retail Investors For $200 Per Share

Most of the world’s supply of pink diamonds comes from Australia’s Argyle Mine that closed in 2020. Getty Diamonds are forever–unless you buy a fraction of one and sell it for a profit. Fi...

What is the Hype About Play-to-Earn Games; Do they Actually Pay Out?

The play-to-earn gaming space is one of the most discussed ecosystems in today’s crypto industry. According to Dapp Radar’s Q1 report, blockchain games accounted for over 50% of the total DApp activit...

Minnesota diamond store becomes first in the state to accept Bitcoin for jewelry purchases

Continental Diamond in St. Louis Park, Minnesota, has become the first jewelry shop in the state to accept Bitcoin as payment. The use of Bitcoin, which is gaining popularity, adds to the lengthy and ...

Cake DeFi Ventures Into Gaming And eSport Following Partnership With FACEIT

Advertisement &nbsp &nbsp Global online gaming platform, FACEIT has entered a multi-million dollar partnership with crypto Fintech platform Cake DeFi according to a recent ann...

Carvana laying off 12% of workforce, execs to forego salaries for rest of year

DETROIT — Online automotive retailer Carvana Co. says it’s letting go about 2,500 workers, roughly 12% of its workforce, as it tries to bring staffing and expenses in line with sales. The Phoenix comp...

The Attacker of UST Stablecoin Made Rich Profits, Here’s How

Since the beginning of the week, Terra’s UST stablecoin has seen a major crash de-pegging from the USD. At the same time, Terra’s native cryptocurrency LUNA has corrected by over 80% in the last four ...

Bitcoin, Ethereum, Cardano, and Solana Daily Price Analyses – 11 May Morning Price Prediction

The performance of the global crypto market has seen no improvement in the value as the losses for its increase in value. The mainstay for the market, i.e., Bitcoin, hasn’t improved in value as its lo...

Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy – Bitcoin News

During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital ass...

Kohl’s shareholders vote to keep directors despite activist pressure

The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s shareholders voted to reelect the ...

Crypto Market Decline Underlines Its Unpredictability; Bitcoin Holds at $31K

In emailed comments, Jaime Baeza, CEO of Miami-based crypto hedge fund ANB Investments, noted the pressure of macroeconomic events, including inflation and a tightening of central bank monetary policy...

In ‘Woori The Virgin’ A One-In-A-Million Pregnancy Delivers True Love

Woori, played by Lim Soo-hyang, faces a tough choice in ‘Woori the Virgin.’ SBS/VIKI Raised by a single mom, who is vulnerable to romantic scams, Woori is determined to maintain her virgin...

Dogecoin Foundation Hiring Web Developer

Alex Dovbnya The Dogecoin Foundation is looking for a skilled web developer The Dogecoin Foundation, a non-profit behind the world’s top meme cryptocurrency, has announced that it is hiring a “skilled...