UST developer Do Kwon has posted a series of tweets explaining the way forward for the stablecoin after recent events. He mentioned some plans to ensure UST recovers after dropping to merely 50% of it...
Tag: Cryptonews
MicroStrategy Still Bullish on Crypto After $330M Paper Loss – crypto.news
Bitcoin’s price has fallen below MicroStrategy’s average purchase price, putting the company’s massive bitcoin bet in the red. The company and its subsidiaries currently hold over 130,218 bitcoins, eq...
What Are Wrapped Tokens & What Are They Used For? – crypto.news
Wrapped tokens make it possible for digital assets, such as bitcoin, to be used on blockchains other than the network they natively operate on to address the issue of blockchain interoperability. In ...
StockX Responds to Nike Counterfeit Claims, Accuses Sportswear Giant of Trying to Resuscitate Flagging VaultNFT Lawsuit – crypto.news
StockX has issued a terse response to Nike’s claims that the secondhand marketplace was selling counterfeit Nike products. Nike Adds Counterfeiting Claims to StockX Lawsuit In a new filing that amends...
Bitcoin Falls Below $29K as The Crypto Market Winter Continues – crypto.news
The price of Bitcoin fell to its lowest level in over 16 months on Thursday as a massive sell-off in digital assets continued. The impact could have been birthed from geopolitical crises such as Russi...
Tesla’s Bitcoin Holdings in the Red as BTC Falls to Around $28,000 – crypto.news
The ongoing bitcoin bloodbath has wiped off all Tesla’s gains on its BTC investment, although CEO Elon Musk has not said if the company would sell off its stash or hold through the bear market. Bitco...
Stocks Start The Day Up while Bybit Delists LUNA/USD Contracts – crypto.news
Earlier today, Bloomberg reported that the crypto spectrum had lost more than $200 billion in just the past day. The downward price movement comes after the entire crypto market crashed, with most cur...
Lido Finance’s stETH/ETH Ratio Runs Depegging Risk, Analyst Says – crypto.news
Earlier on today, Wu Blockchain tweeted that the ETH/stETH has seen many users exchanging their stETH into ETH. However, Lido Finance maintains that the stETH/ETH pool is still safe. The threats come ...
Celsius Network Executives Deny Substantial Losses Despite Market Turmoil – crypto.news
After reaching a peak of $3 trillion in market capitalization in November 2021, the crypto markets lost more than half of their value in a matter of weeks, leaving investors fearful and pessimistic ab...
How Crypto Casino Games Are Taking Over Online Gambling – crypto.news
Cryptocurrency use in online casino games is gaining traction. Discover how crypto slots are taking the online gambling industry by storm. How Crypto Slots Are Taking Over the Online Gambling Ind...
Bybit, Oracle Red Bull Racing Test Drivers’ Crypto Knowledge via the #BybitLevelUpChallenges – crypto.news
As part of the crypto-inspired initiatives of the Bybit-Oracle Red Bull Racing partnership, the team has created the #BybitLevelUpChallenges. In the latest episode dubbed the ‘Crypto Slang Challenge,’...
Talos Crypto Trading Infrastructure Provider Secures $105 Million Funding – crypto.news
Talos has raised $105 million from its Series B funding round led by General Atlantic, with participation from notable names in the traditional finance & digital assets industry, including Andrees...
Lina Valentina Denounces Domestic Violence with Her “No More” NFT Collection – crypto.news
Lina Valentina is set to release her first non-fungible tokens (NFT) collection dubbed “No More.” The renowned and respected feminist artist is using the medium to denounce domestic violence, while al...
Bored Ape Yacht Club and Blue-Chip NFTs Adversely Affected in the Crypto Crash – crypto.news
As the current state of the crypto market, Blue-chip NFT collections like the Bored-Ape Yacht Club have seen sales go down. The NFT market is almost facing the tough spell that cryptocurrencies have e...
Get a Headstart With the Pollen Pre-Release – crypto.news
Pollen has reached a milestone this week: 5,000+ Pollenators have now signed up to the Pollen Pre-Release on testnet and started building their trading reputation. This is, of course, vital to the pro...
L2 Labs’ ZKSpace Now Supports Transaction Batching for Ethereum Payments – crypto.news
L2 Labs’ ZKSpace has announced the launch of its groundbreaking transaction batching tool designed to make it possible for users to send up to 60 ERC-20 token transfers with just a single transaction....
These Trading Strategies of Top Traders May Help You from Rookie to Veteran in Crypto Market – crypto.news
With the “big diving” of the stock market and unidirectional of spot trading, more and more people choose to embrace the futures transactions. Because the futures market allows traders to go long and ...
Ethereum Addresses in Profit Reduce to 21-Month Low – crypto.news
A recent Glassnodes report shows Ethereum addresses are currently in a profiting position based on 7-day moving averages hit their lowest point in 21 months. Number of Profing ETH Addresses at 21 Mont...
Michael Saylor Asserts MicroStrategy Will Never Sell Its Bitcoin – crypto.news
Michael Saylor, CEO of MicroStrategy, announced the company would not be selling its bitcoin holdings. He further stated that in addition to 115,109 BTC, MicroStrategy might offer “other collateral” i...
Survey Shows 3,000 BTC ATMs Installed in 2022, Averaging 22 For Each Day – crypto.news
Data drawn from Coin ATM Radar Map shows the total Bitcoin ATMs on January 1 settled at 34,340. However, there are currently about 3,000 more since then, as new record stands at 37,338 Bitcoin ATMs at...
Major Institutions Lost $12 Billion After the Fed’s Rate Increase – crypto.news
The major institutional investors in BTC have lost more than $12 billion in the valuation of their assets, following the crypto market’s collapse after the Federal Reserve’s interest rate increase on ...
Terra’s UST Stablecoin Falls Below the Dollar Tumbling LUNA’s Price – crypto.news
TerraUSD lost its value over the past weekend and fell to around $0.65 on Monday. It was the second time in three days that the currency had slumped below the $1. Since then, it has been trying to rec...
El Salvador President Nayib Bukele Reveals the Model of the Bitcoin City – crypto.news
Following an announcement that the Bitcoin nation-state of El Salvador had bought the dip, President Nayib Bukele released a model of Bitcoin City. Building the Bitcoin City Several pictures that debu...
Australia Set to Finally Launch Bitcoin ETF This Week – crypto.news
After an initial setback last month, Australia is set to release its crypto exchange-traded funds (ETFs). The set of ETFs formally slated to launch last month will be listed on the Cboe exchange this ...
Bitcoin Hits the Lowest Since July as Its Profitability Goes Down – crypto.news
Bitcoin has been on a losing streak for the past few days, with its prices hitting the lowest ever experienced since July 2021. Bitcoin Profitability Goes Low The general crypto market has followed su...
The ERC-4626 Tokenized Vault Standard Sights Compatibility and Ease of Use – crypto.news
A newly proposed Ethereum token standard, ERC-4626 could resolve the mishmash of the types of design associated with tokens that print money in DeFi. The Joey Santoro-led Fei protocol is among the new...
El Salvador Takes Advantage of Crumbling Crypto Prices to Acquire 500 More BTC – crypto.news
According to reports, the government of El Salvador just bought 500 Bitcoins (BTC), bringing the total number of coins it owns to 2,301. El Salvador Continues to Buy the Dip The purchase is the larges...