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...
Tag: Investor
LUNA Leading Investor Zhu Su Of 3AC Responds To Luna’s Downfall
Earlier this morning, Zhu Su went on to express his unhappiness towards the Luna slide in a series of tweets. Zhu Su, the CEO of 3AC, conveyed remorsefulness and apologised for ignoring the frequent w...
BofA Strategists Say Investor Exodus Signals ‘True Capitulation’
(Bloomberg) — Money is leaving every asset class and the exodus is deepening as investors rush out of names like Apple Inc., according to Bank of America Corp. strategists. Most Read from Bloomb...
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...
Terra Founder Do Kwon Seeks Police Protection Following Recent Home Invasion From an Alleged LUNA Investor
– Advertisement – Do Kwon’s spouse files a report requesting immediate police protection after an alleged LUNA investor invaded their residence. It is no longer news that investors of Ter...
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...
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...
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...
US stocks close lower amid investor anxiety over higher rates
Thursday saw US stocks close lower again as losses mounted across the markets. With CPI data showing inflation at 8.3% in April year-over-year, and near the 40-year high of 8.5% registered in March, i...
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...
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...
Mainland Investor Enthusiasm Returns
China Last Night KraneShares Key News Asian equities had a mixed night as Hong Kong and China outperformed led by growth stocks and sectors. China’s April PPI and PPI came in at 8% and 2.1%, respectiv...
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...
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...
Bitcoin network transactions and fees surge amid investor de-risking
The number of transactions on the Bitcoin (BTC) network has spiked over the past week, with blockchain analysis firm Glassnode suggesting that they are “urgent” transactions due to investors de-riskin...
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...
Stocks are falling fast but that doesn’t mean the worst will be over soon
Bear markets that begin with big losses in their first four months last about as long as those that do not. That’s worth pointing out because, after hitting all-time highs on the first trading day of ...
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...
The beginning of the end of the stock market’s correction could be near
The end of the U.S. stock market’s correction is looking a lot closer. That’s the conclusion of a contrarian analysis of market timer sentiment. It’s encouraging, from a contrarian perspective, that t...