Following a failed attempt to defend the peg for the TerraUSD (UST) stablecoin, TerraForm Labs CEO Do Kwon has finally admitted that it is now embarking on a plan to “rebuild UST.” Recall that a sleut...
Tag: crypto news
U.S. Treasury Secretary Janet Yellen Calls for Stablecoin Regulation Amid UST Drama
Janet Yellen, the secretary of the United States Treasury, said on Tuesday that there is a need for stablecoin legislation, while noting that TerraUST (UST) is risky. Secretary Yellen Speaks On Stable...
Blockchain Startup Flow Launches $725M Ecosystem Funds
Flow, the Web3 blockchain company powering NBA Top Shot NFT maker Dapper Labs, revealed Tuesday that it has raised $725 million in funding for its ecosystem expansion. The funding saw participation f...
Down Bad! Institutional Bitcoin Holdings Drop by $12B Amid Bloodbath
Following a recent announcement of rate hikes by the US Fed and the ongoing bloodbath in the crypto market, the total amount of bitcoin held by large corporations has dropped by $12 billion. Instituti...
Primex Launches Alpha Version of Decentralized Prime Brokerage Protocol on Testnet
Primex Finance, a DeFi platform connecting passive allocators with traders, is launching its first Alpha version on the upcoming testnet. The Alpha offers the vast majority of the features intended fo...
El Salvador Acquires 500 Bitcoins ($15.5M) Amid Market Sell-Off
The Central American nation of El Salvador has bought the dip yet again, adding another 500 bitcoins ($15.5M) to its portfolio amid the recent massive market sell-off. Buying the Dip El Salvador’s pre...
BTC Must Drop to $3562 Before We Get Margin Call
MicroStrategy CEO Michael Saylor has confirmed that the company is under no immediate pressure to liquidate its Bitcoin (BTC) holdings despite prevailing market conditions. In fact, the price of bitco...
Instagram to Start Rolling Out NFTs
Adam Mosseri, head of Instagram, disclosed via Twitter that the social platform will start testing NFTs with selected creators and collectors from the United States before spreading to other users gr...
Luna Foundation Guard Empties $2.2B Bitcoin Wallet to Save UST
The Luna Foundation Guard (LFG), a non-profit organization aimed at bolstering the Terra blockchain, has recently emptied $2.2 billion worth of bitcoin from its Bitcoin reserve to save the Terra stabl...
BTC Becomes Oversold for the First Time in Three Months
Bitcoin has been on a downtrend for more than five days. The latest dip saw the apex coin lose more than 7% in less than 22 hours. The dip which was a result of Luna Foundation selling off $1.5 billio...
Indian GST Council Wants to Treat Crypto Like Casinos and Online Betting, Proposes 28% Tax
The Goods and Service Tax (GST) Council, the body in charge of making laws and regulating goods and services tax in India, is planning on treating cryptocurrencies like casinos and online betting. Cur...
South Korean Crypto Startup Xangle Bags $17 Million in Series B Funding
Xangle, a cryptocurrency disclosure platform built by South Korean crypto company CrossAngle, has raised $17 million from industry investors in a just-concluded Series B funding. Xangle Bags $17 Mill...
SBI Group’s Cross Border e-Commerce Platform to Accept Bitcoin and XRP Payments
Japan-based financial services company SBI Group announced today that its SBI Africa cross-border e-commerce platform, dubbed SBI Motor Japan, will start accepting Bitcoin (BTC) and Ripple (XRP) payme...
Luna Foundation Guard Deploys $1.5B to Defend Troubled UST Peg
The Luna Foundation Guard (LFG), a non-profit organization supporting all things Terra, has recently announced that it will lend $1.5 billion to protect the peg of its algorithmic stablecoin UST amid ...
How Blockchain Gaming Needs to Evolve for Survival
By Şekip Can Gökalp – Core Contributor, Infinite Arcade While blockchain gaming has its haters, who react almost hysterically any time it’s mentioned in conjunction with a major publisher or popular v...
What is Avalanche? An A-Z Guide to the “Ethereum Killer”
Avalanche is a public blockchain designed to scale throughput at low costs while maintaining speed, security and decentralization. The Avalanche network uses AVAX as a native coin for paying transacti...
BTC Makes an Attempt at $34k. Will it Hold?
According to Cryptocurrenciestowatch few minutes to the time of writing, Bitcoin retraced as low as $34,210. There were major fears of the apex coin testing and flipping the $34k support increased. Op...
NVIDIA Settles Undisclosed Crypto Revenue Charges With SEC, Agrees to Pay $5.5 Million
The United States Securities and Exchange Commission (SEC) announced Friday that it has settled charges against popular cryptocurrency mining chip maker NVIDIA Corporation. NVIDIA Agrees to Pay $5.5 ...
SW DAO Showcasing New UI/UX Improvements in Q1 Report
SW DAO is evolving to improve its user experience. Transparency reporting gives users and the general public access to critical information about how a company operates. Being a provider of DeFi inves...
U.S. Sanctions Crypto Mixer Blender.io for Aiding Axie Infinity’s Hackers
The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has added cryptocurrency mixing platform Blender.io to its sanction list, according to a Friday statement. U...
NFT Marketplace Zora Bags $50M From Katie Haun’s Crypto Fund and Others
Non-fungible token (NFT) marketplace Zora announced earlier this week that it has raised $50 million in its latest funding round. Zora Hits $600 Million Valuation The funding, which now brings the com...
Uzbekistan Makes Solar-Powered Crypto Mining Legal and Tax-Free
Central Asian nation Uzbekistan will permit crypto mining using solar-powered energy, according to a presidential decree released earlier this week. Uzbekistan Legalizes Solar-Powered Crypto Mining Re...
Luxury Brand Gucci to Accept Crypto Payments in U.S. Stores
Luxury fashion powerhouse Gucci will start accepting crypto as a payment method at the end of this month, Vogue Business reported earlier this week. Gucci to Test Crypto Payment The firm will accept o...
Traders Still in Search of BTC Floor Price
Last month did not go as planned for the bulls as Bitcoin failed to impress. There were several bullish predictions as to how the apex coin would perform but all failed as price progression was marred...
Google Forms Web3-Focused Team to Provide Services For Developers
Google has disclosed that its Cloud unit is putting together a team that will build services for blockchain developers creating Web3 applications, according to a recent report by CNBC. Per the interna...
Luna Foundation Purchases Additional $1.5B in Bitcoin to Bolster TerraUSD (UST) Reserve
The Luna Foundation Guard (LFG), a non-profit and the team behind Terra (LUNA) announced today that it has purchased an additional 37,863 bitcoins worth $1.5 billion to bolster its UST stablecoin rese...
Top 12 Solana NFT Marketplaces (To Flip NFTs Now)
There are several Solana NFT marketplaces with different features. This diversity might make it difficult to choose and force first-time non-fungible token (NFT) investors to go on the hunt for the be...
How to Participate on Hoskinsea Seed Round Whitelist as Token Sale Begins
It’s been barely two months since the inception of Hoskinsea NFT Marketplace of which we have made a convincing progress towards the development of our products and marketplace. At the moment we are w...
Binance Funds Elon Musk’s Twitter Acquisition With $500 Million
Leading global cryptocurrency exchange Binance has joined the list of companies that have invested in the recent $44 billion acquisition of Twitter made by the Tesla CEO, Elon Musk. Binance Provides $...
Former BitMEX CEO Arthur Hayes Asks For No Jail Time After Pleading Guilty
Arthur Hayes, the former CEO and co-founder of cryptocurrency derivatives exchange BitMEX, who pleaded guilty to violating the United States Bank Secrecy Act, is asking the court for no jail time and ...
The Flippening – Ethereum Overtakes Bitcoin in 26% of Countries Worldwide
London, UK, May 4th 2022 – CoinText.com has compiled a study of the popularity of cryptocurrencies across nations, which concludes that Ethereum investors outnumber Bitcoin investors in 26% of countri...