Terra’s astronomic crash has largely dented market sentiment this week, and likely fed broader crypto weakness. But the project’s status as a Layer-1 blockchain meant that several tokens, apart from L...
Tag: Cryptos
Switzerland Is Trying to Aid Crypto’s Growth
Switzerland is a country that’s doing all it can to aid bitcoin’s reputation. The nation is home to the town of Zug, which hosts what’s known as “Crypto Valley,” a region that takes part of its name f...
KuCoin Hits $10B Valuation After Rasing $150 Million From Industry Investors
Popular cryptocurrency exchange KuCoin has reached a $10 billion valuation after the company raised $150 million in a just-concluded Series B round. KuCoin Raises $150 Million The funding round saw pa...
Cardano’s ADA Jumps 40% to Lead Recovery in Major Cryptos, Sentiment Remains in ‘Extreme Fear’
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Major cryptocurrencies rallied the past 24 hours...
Satoshi-Era Bitcoin Wallet Holding Over $30 Million Reactivates After 8.5 Years
A dormant Satoshi-era BTC wallet with a balance of $30,395,186 has just been reactivated after 8.5 years of dormancy, blockchain transaction tracking platform Whale Alert revealed on Twitter. Satoshi-...
7 Big Moments From Bitcoin and Crypto’s Craziest Week Ever
Where to begin? In a decade of covering crypto I’ve seen a lot of crazy things, but never a week like that. In the past, there have certainly been one-off incidents that turned the industry upsi...
Germany’s Finance Minister Says No Income Tax on Bitcoin and Ether Held for a Year
Germany’s Federal Ministry of Finance (BMF), alongside the country’s highest tax authorities, recently published a letter on how income from cryptocurrencies and other digital assets would be taxed in...
LUNA Investors ‘Suicidal’ After Crypto’s Collapse – Do Kwon Says He’s ‘Heartbroken’
Do Kwon, the creator of defunct cryptocurrencies TerraUSD and LUNA, is now the subject of criticism and investigation after the failure of his enterprise sparked a significant market-wide catastrophe ...
Do Kwon’s Spouse Gets Strange Visitor, Requests Police Protection
The quick decline of Terraform Labs-backed project Terra (LUNA) has been the talk of the week with millions of investors around the world impacted. Local reports allege that affected investors are now...
Binance CZ Slams TerraForm Labs Poor “Handling” of UST/LUNA Crash
Changpeng Zhao (CZ), CEO of leading crypto exchange Binance has expressed disappointment at how the Terra (LUNA) project team has so far handled the price crash of its stablecoin, UST and its native t...
Cryptos Break Down Below Previous Support, Then Bounce: Bitcoin, Ethereum, XRP
Going down to support. getty That spot on the price chart where “down” stopped and “up” began, some weeks or months ago, is known to analysts as the support level. Enough investors came in as buyers a...
Gaming Cryptos Recover The Most After Latest Crash, Here’s Why
Several gaming and metaverse tokens blew past the crypto market on Friday as major cryptocurrencies recovered from a recent rout. The tokens were supported by whale buying, as well as investors lookin...
Chainalysis Now Valued At $8.6B Following Fresh Funding
Blockchain analytics company, Chainalysis, announced Thursday it has raised $170 million in a Series F funding round at an $8.6 billion valuation. This means that the firm has more than doubled its va...
What Next For Cryptos?
The collapsing values in cryptocurrencies and crypto exchanges are reminiscent of the bursting of the dot.com bubble more than 20 years ago. Back then, most of these speculative stocks were listed on ...
Terra Blockchain Temporarily Halted to Protect The Protocol From Attacks
Following the recent headwinds surrounding the Terra ecosystem and its native cryptocurrencies, the blockchain was temporarily halted to protect the ecosystem against malicious attacks. Terra Blockch...
Cardano’s ADA Jumps 40% to Lead Recovery in Major Cryptos; Sentiment Remains in ‘Extreme Fear’
Cardano’s ADA jumped as much as 40%, leading gains among the biggest cryptocurrencies. BNB Chain’s BNB spiked 30%, Solana’s SOL added 25%, and XRP added 22% during the Asian morning. The recovery came...
Crypto’s Drastic Crash To Attract Stricter Global Regulation, Here’s Why
The International Organization of Securities Commissions (IOSCO) on Thursday reportedly said financial market regulators around the world are likely to launch a global crypto regulation body next yea...
PancakeSwap DEX Introduces Fixed Supply (750M $CAKE)
PancakeSwap, the decentralized exchange based on BNB Chain, has proposed to impose a supply cap of 750 million for its native token, CAKE. CAKE 750M Max Supply and Revised Tokenomics The decentralize...
Will Terra’s UST and LUNA Crash Cause a Shift to ‘Cryptos that have Stood the Test of Time’?
LUNA has left crypto enthusiasts’ mouths agape because they could never imagine in their wildest dreams that one of the top ten cryptocurrencies could collapse to near-zero overnight. LUNA and T...
FTX’s Sam Bankman-Fried Acquires a 7.6% Stake in Robinhood
Sam Bankman-Fried (SBF), the CEO of FTX, has recently become one of the largest shareholders in the popular American trading platform, Robinhood, after taking a 7.6% stake in the company. According t...
Coinbase CEO Explains New Disclosure Filing, Says Company Has No Risk of Bankruptcy
Leading U.S. cryptocurrency exchange Coinbase recently released its earnings report for the first quarter of 2022, netting a total loss of about $430 million within the period. Coinbase New Disclosur...
Five U.S. States Order Virtual Casino to Stop Selling NFTs
Regulators in five U.S. states – Texas, Wisconsin, Kentucky, New Jersey, and Alabama – have issued a cease-and-desist order against Flamingo Casino Club, a virtual platform where users can purchase no...
Crypto Startup WhaleFin Inks $20M Sponsorship Deal With Chelsea FC
WhaleFin, a digital asset platform owned by Amber Group, has become the official sleeve partner of England’s top flight team, Chelsea Football Club, via an annual sponsorship deal worth $20 million. T...
Be Greedy When Others Are Fearful – Watch Polkadot (DOT) And These 2 Lesser-Known Cryptos
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Terra (LUNA) Founder Few Days Before: “95% Of Cryptos Are Gonna Die But There’s Entertainment In Watching Them Die”
– Advertisement – Terra founder finds entertainment in watching cryptos die, but he never knew he and his LUNA and UST would die faster than others. There are rare moments in the crypto ...
Hong Kong Police Arrest 25-Year-Old Man For $191,000 Cryptocurrency Fraud
Hong Kong police have arrested a 24-year-old man for allegedly piloting a cryptocurrency scam sometime last week, the South China Morning Post reported Wednesday. 24-Year-Old Man Steals 191k in Crypt...
UK Asset Manager Fasanara to Raise $350M Fund For Crypto Startups
Fasanara Capital, a UK-based asset management firm with over $3.5 billion in AUM, is raising a new $350 million venture fund to back fintech and crypto startups, Bloomberg reported on Wednesday. Fasan...
UK FCA Issues New Reminder about the Risks of Investing in Cryptos
The UK’s Financial Conduct Authority (FCA Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (...
3 Cryptos You Need In Your Portfolio – Cardano (ADA), Fantom (FTM) & FIREPIN Token (FRPN)
The decline in the usage of tangible money demonstrates a shift in society’s thinking. As we’re no longer restricted to the things we can touch, there’s an entire world out there th...
Do Kwon Pledges to Rebuild UST (This Time With Collateral Backing)
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...
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...