Cryptocurrencies have been under immense pressure after the collapse of a so-called stablecoin called terraUSD. Umit Turhan Coskun | Nurphoto via Getty Images A controversial stablecoin launched just ...
Tag: Internet
Bitcoin (BTC) price may tank as low as $13,000, strategist warns
If crypto’s past bubbles are anything to go by, bitcoin could be about to fall much further. That’s according to one strategist, who warns the world’s top cryptocurrency is likely to...
What is staked ether (stETH) and why is it causing havoc in crypto?
Ether is the second-largest cryptocurrency in the world by market value. Jaap Arriens | NurPhoto via Getty Images Another controversial cryptocurrency is causing havoc in the digital asset market — an...
Users of DeFi app Solend block attempt to take over ‘whale’ account
The logo of cryptocurrency platform Solana. Jakub Porzycki | NurPhoto via | Getty Images Decentralized finance platforms are going to extreme lengths to limit the fallout from a sell-off in cryptocurr...
Magic Internet Money (MIN) Drops Value Following LUNA’s Crash
Autism Capital has stated that Terra’s sudden crash has caused Abracadabra to accrue $12 million in bad debt. However, Abracadabra’s founder, Daniele Sestagalli, has refuted such claims. Magic Interne...
Magic Internet Money token depegs as Terra (LUNA) domino effect persists
Magic Internet Money (MIM), a US dollar-pegged stablecoin of the Abracadabra ecosystem, joins the growing list of tokens losing their $1 value amid an untimely crypto winter. The sudden de-pegging of ...
Will Magic Internet Money [MIM] become the latest domino to fall
The latest victim of the crypto crash looks set to be Abracadabra’s a U.S. dollar-pegged stablecoin Magic Internet Money (MIM). The talks of the de-pegging started to spread on 17 June. However, the A...
Another Stablecoin Magic Internet Money (MIM) Loses $1 Parity
Altcoin News MIM has fallen 7% in the last 24 hours and is now trading at $0.9456. Wonderland Treasury withdrew $57 million USDC from a MIM Curve liquidity pool. Since crypto markets began to unravel,...
Magic Internet Money (MIM) Stablecoin Depegs Amid Insolvency FUD
Magic Internet Money (MIM), the native token of the Abracadabra DeFi platform, is the latest stablecoin to lose its peg as crypto markets unwind. MIM, which is the 42nd largest stablecoin by market ca...
JD And Alibaba Lead Internet Rally, PBOC Accepts Ant’s Financial Holding Company Application, Week In Review
China Last Night KraneShares Week in Review Hong Kong and Mainland China were the only markets in Asia with positive performance for the week. Southbound Stock Connect volumes were elevated on Monday ...
Orlando Bravo warns there’s ‘more pain to come’ for the tech sector
Private equity boss Orlando Bravo has a somber warning for the technology industry. “I think there’s more pain to come,” Bravo, founder of buyout firm Thoma Bravo, told CNBC’s ...
Bill Gates says crypto and NFTs are based on ‘greater fool theory’
Bill Gates Gerard Miller | CNBC Bill Gates is not a fan of cryptocurrencies or non-fungible tokens. Speaking at a TechCrunch talk on climate change Tuesday, the billionaire Microsoft co-founder descri...
Strategist who nailed the recent S&P 500 top says three things are needed for a market bottom
Wariness is in order after the S&P 500’s bear-market finish and a potential 75 basis-point Fed hike just one day away. Gains for stock futures and a potential bounce are fading fast. Morgan Stanle...
Celsius liquidity crisis fuels fears of crypto market contagion
Cryptocurrencies have taken a tumble in 2022. Chesnot | Getty Images A liquidity crisis at cryptocurrency lending firm Celsius has investors worried about a broader contagion that could bring down oth...
Bitcoin plunge spells trouble for Michael Saylor’s MicroStrategy
Michael Saylor, chairman and chief executive officer of MicroStrategy, first got into bitcoin in 2020, when he decided to start adding the cryptocurrency to MicroStrategy’s balance sheet as part...
Web5 announced by Jack Dorsey’s Block to replace web3 as future of internet
? Want to work with us? CryptoSlate is hiring for a handful of positions! Jack Dorsey announced at Consensus 2022 that TBD, the Bitcoin arm of Block, is working on a new vision for the internet – some...
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 ...
Apple’s latest fintech move has buy now, pay later industry on edge
Apple Pay Later will let users pay for things over four equal installments. Jakub Porzycki | Nurphoto | Getty Images AMSTERDAM — Apple’s move into the crowded “buy now, pay later” sp...
Apple is offering ‘buy now, pay later.’ 4 reasons to think twice before signing up
After months of speculation, Apple AAPL, -0.45% finally unveiled its buy now, pay later offering this week, wading into an industry that’s experienced explosive growth. But consumers should be wary of...
Hong Kong Internet Stocks Fly On Significant Volume Increase
China Last Night KraneShares Key News Asian equities were largely higher as Hong Kong outperformed and India underperformed. Today was more important than what initially meets the eye as Hong Kong vol...
Crypto threatens safety of payment schemes, Starling boss warns
Starling CEO Anne Boden. Harry Murphy | Sportsfile for Web Summit via Getty Images AMSTERDAM — The boss of Goldman Sachs-backed digital bank Starling has doubled down on criticisms of crypto, calling ...
Checkout.com jumps into crypto with stablecoin payments feature
The logo for payments start-up Checkout.com. Checkout.com AMSTERDAM — Online payments company Checkout.com says it will settle payments for its merchants round-the-clock using stablecoins, making it t...
The Internet Pioneer Brought Low as Kremlin Ally by EU Sanctions
(Bloomberg) — European Union sanctions on the founder and former head of Russia’s most popular Internet search engine show how an increasing number of Russian businessmen are facing measures tha...
What Is The Internet Of Things (IoT) And What Does It Mean To You
In the 1960s, TV series like The Jetsons and Star Trek hinted at concepts like this. A group of Carnegie Mellon researchers made it a reality two decades later by connecting a Coca-Cola vending machin...
Netscape creator says Web3 really is like the rise of the early internet
Billionaire tech entrepreneur turned venture capitalist Marc Andreessen says that Web3 and its underlying blockchain technology reminds him of the rise of the early internet. Andreessen, better known...
These 16 stocks in the S&P 500 crumpled at least 9% a day after the Fed raised rates
One day after U.S. stocks got a reprieve as the Federal Reserve lifted its target range for short-term interest rates by 0.75 percentage point, inflation fears built a new wall of worry to send U.S. s...