A new wave of the “crypto winter” recession has proved to be especially devastating for the major crypto-related stocks, such as MicroStrategy and Coinbase that lost up to 25% at premarket. Challenges...
Tag: crypto news
BlockFi Reduces Workforce by 20% as Crypto Winter Intensifies
The current bearish market trend is affecting both investors and companies in the crypto industry. While investors scratch their heads in losses, firms such as crypto lending exchange BlockFi are taki...
USDD Stablecoin Loses Its Peg As Crypto Market Rout Continues – crypto.news
The week began on a wrong footing for the crypto market as the market’s bleeding continued after a brief stop. Due to the extreme market situation, withdrawals for some tokens were halted, as reported...
CZ Binance Says Now is a Great Time to Hire and Acquire Despite Crypto Winter
Despite the unfavorable conditions in the crypto market, Changpeng Zhao (CZ), CEO of cryptocurrency exchange Binance, said that the company is increasing its workforce and acquisitions. A Healthy War ...
Leveraging Smart Contracts to Check Air Pollution in Real-Time – crypto.news
Today, poor ambient air quality is one of the most crucial public health concerns around the globe. Exposure to polluted air causes more than 6.6 million premature deaths each year and makes up close ...
Nexo is Ready to Buy Crypto Assets from Celsius Network – crypto.news
Financial services provider Nexo capital has announced it has the capacity to buy crypto assets from its troubled rival Celsius. The former stated it ‘is in a solid position to acquire any remaining q...
Near $1 billion REKT as Global Crypto Market Cap Slips Below $1T
The global cryptocurrency market has slipped below $1 trillion a few hours to the time of writing. This is the first time in more than a year the valuation of the industry is below the said mark. Sou...
PFP NFTs Explained for Real Beginners (101 Guide)
Profile Picture Non-Fungible Tokens (PFP NFTs) are NFT images that are displayed as profile pictures in the form of avatars on an individual’s social media account(s). NFTs that started out with littl...
Celsius Network Freezes User Assets as Market Crash Worsens
On Monday, crypto lender Celsius Network, paused withdrawals, swaps, and transfers of assets between accounts on the platform, citing “extreme market conditions.” The popular crypto lending platform s...
Bored Ape Yacht Club (BAYC) Co-founder Warns Community of a Hack Attempt – crypto.news
Bored Ape Yacht club co-founder Gordon Goner has informed the community of an imminent attack. He tweeted a warning to hackers trying to hack the non-fungible token community again, stating inside sou...
FIVE Hotels Unveils Support for Bitcoin (BTC) and Ether (ETH) Payments – crypto.news
Dubai continues to pioneer crypto adoption as a means of payment as according to the latest development, Dubai-based FIVE Hotels and Resorts has announced it will now accept payment for its services i...
APENFT Auctions Five Vanity Fair NFT Covers – crypto.news
Singapore, Singapore / June 10 / – APENFT and Valuart completed the first Vanity Fair NFT Cover Drops on Monday, May 23. The collection, consisting of four 1:1 edition NFTs and a 1000-mint run of the ...
U.S. Treasury Secretary Cautions Against Risky Bitcoin Retirement Savings – crypto.news
Amid the crypto market correction, the United States Treasury Secretary Janet Yellen has advised against Bitcoin. Yellen warns against using Bitcoin as a retirement fund, calling it a risky move. Secr...
Qualities of Bitcoin That Fit the Gold 2.0 Narrative – crypto.news
Since its debut in 2009, BTC has attracted a vibrant core of proponents who are bullish on its prospects of upending gold as a store of value and investment vehicle. The notion that bitcoin is digital...
Solana NFT Platform Fractal Set to Launch Wallet for Web3 Gamers – crypto.news
Fractal, an NFT platform centered on gaming, is launching a non-custodial wallet to onboard new members who are unfamiliar with cryptocurrency. Fractal Plans to Streamline Web3 Gaming With Google Sign...
Do Kwon Flatly Denies Cashing out $2.7 Billion Before Terra Collapse
Controversial Terra (LUNA) blockchain founder Do Kwon has taken to social media to refute the recent allegations that he cashed out $2.7 billion before the catastrophic end of the $40 billion valued b...
Binance Adopts TripleA as Its Global Crypto Payment System – crypto.news
The world’s leading blockchain and crypto service provider, Binance, has announced its choice of TripleA as a payment gateway for Binance Pay. Binance is on a mission to provide payment solutions to b...
Jack Dorsey’s TBD Unveils Bitcoin-based ‘Web5’ Project for a Decentralized Internet – crypto.news
Former Twitter CEO Jack Dorsey today announced the development of ‘Web5,’ a decentralized web experience that is fully powered by the Bitcoin network. Web5 to Tackle Web3 TBD, the subsidiary of Block ...
Ripple (XRP) Devs Happy as Court Refutes SEC’s Motion to File Sealed Brief – crypto.news
A New York-based court has denied the SEC’s motion to file Ripple’s brief under seal. As per the court, the SEC should file a redacted version of the brief because sealing the whole document is not pr...
How the Blockchain Optimizes Real-Time Liquidity of Nostro Accounts to Reduce Operational Costs – crypto.news
A Nostro account is a system that allows a bank to hold foreign currency in another bank. For instance, a US bank may hold some Pounds(UK currency) in a UK-based bank. The Ideology That Fuels Nostro ...
Optimism Hacker Returns Part Of 18M OP Tokens, Sends 2M OP To Vitalik Buterin – crypto.news
An exploiter stole 20 million Optimism tokens from the Optimism network on Thursday following a mistake by the development team. However, the hacker promised to return the stolen assets he redeemed on...
BTC hit a Low of $25k Last Month. Will it dip lower?
The past month has been one that many would love to forget as Bitcoin failed to surge. The asset dipped to its lowest in more than 16 months. Opening the 30-day session at $37,680 and peaking at $40,0...
BC.Game Takes Home the Sigma Award for Crypto Casino of the Year – crypto.news
This is by far the most historic moment for BC.Game, which is pleased to announce that they have won the Crypto Casino of the Year Sigma Award in Curaçao in June 2022. Every year, the most deserving o...
Crypto Crisis? We Ask Alex Reinhardt His Take – crypto.news
For most cryptocurrency investors, May 2022 is a month they would probably rather forget. Sure, crypto has been through some serious ups and downs over the years; however, never before have we witness...
VeChain (VET) Announces Major Marketing Partnership with UFC – crypto.news
The world’s leading mixed martial arts organization UFC has partnered with VeChain (VET), the premier global sustainability-focused blockchain Foundation, an official announcement reads. VeChain Partn...
ETH Retests $1,500 for the First in Fourteen Months
A few minutes to the time of writing, Ethereum retraced to the sub-$1,600. The coin has hit a low of $1,500 but met rebound at the level. As at this time, the asset is trading above $1,500 which sugge...
Felix Capital Raises $600 Million in Funding Round, Coinbase Drops Zipmex Acquisition Plans, Bank of Uganda Softens Stance on Crypto – crypto.news
Venture Capitalist Felix Capital recently raised $600 million in a fundraising round as they aim to invest in the blockchain space, including web3 companies. Felix Capital Fundraising Round On their ...