The number of Shiba Inu whale transactions have been increasing in the past 24hrs, despite the fact that the cryptocurrency market is being dragged into an extreme bearish trend this week. According t...
Tag: news
KuCoin Pulls $150m Funding in Pre-Series B, Hitting $10bn Valuation
KuCoin Exchange, the world’s fifth-largest brokerage platform by trading volume, has announced a pre-Series B funding round in which it pulled $150 million. The trading platform said it would use the ...
UK Outlines Plans to Support Crypto Adoption, Create More Powers to Seize and Recover Digital Assets – Regulation Bitcoin News
Delivering the Queen’s Speech, Prince Charles outlines the British government’s plans to support the safe adoption of cryptocurrencies and create “powers to more quickly and easily seize and recover c...
Bitcoin Whales Are Longing! When Can you Expect BTC Price Trend Reversal – Coinpedia – Fintech & Cryptocurreny News Media
While the global crypto market has tumbled down, a closely followed crypto analyst who is pseudonymously known as Light, is of the opinion that the wealthy investors are on the verge to double their l...
Nigerian Government Enhances eNAIRA to Draw Financial Inclusion
The Central Bank of Nigeria (CBN) has announced the upgrade to its Central Bank Digital Currency (CBDC) dubbed the eNAIRA. Bariboloka Koyor, a Branch Controller of the apex bank confirmed the new move...
US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco – Regulation Bitcoin News
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten th...
Nigerian CBDC Wallet Update to Enable Utility Payments, USSD Functionality to Be Added – Featured Bitcoin News
The Nigerian central bank digital currency (CBDC) wallet app is set for an update that will see users given the ability to pay for utilities like pay television and for topping up airtime. The additio...
Crypto Downturn Shakes Digital Collectible Markets as NFT Sales Slip 42% Lower Than Last Week – Markets and Prices Bitcoin News
Non-fungible token (NFT) markets are starting to feel the pain from the crypto market carnage that’s taken place during the last week. Over the last seven days, NFT sales have dropped 42.85% lower tha...
Where Nvidia, AMD, Intel and Qualcomm Shares Now Stand
Nvidia (NVDA) , Advanced Micro Devices (AMD) , Intel (INTC) and Qualcomm’s (QCOM) valuations have all compressed significantly this year. But I think two of these big-name chip developers have...
Ethereum Whales Grabbing These Altcoins Amidst Massive Crypto Crash – Coinpedia – Fintech & Cryptocurreny News Media
While the Crypto market has plummeted to an all time low in 2022, most of the crypto investors seem to be grabbing the buy the dip opportunity by purchasing stablecoins and few other tokens. Though th...
Erratic Bond Yields, Lockdowns, and War — 3 Reasons Why Economic Recovery Won’t Happen Quickly – Economics Bitcoin News
The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2, 2022, the crypto economy has dropped more than 15% f...
LUNA Loses 50% of Its Value, While XMR and AXS Declines Continue – Market Updates Bitcoin News
LUNA was down by over 50% in today’s session as markets continued to react to UST losing its parity with USD. As such traders lost faith in the stablecoin founded by Do Kwon, which dropped to its lowe...
Bitcoin Cash to Include Bigger Integers and Native Introspection in Upcoming Upgrade – Bitcoin News
Bitcoin Cash is preparing to include two significant improvements in its upcoming upgrade. Programmed to happen on May 15, the Bitcoin Cash Improvement Proposals (CHIPs) approved to be included are CH...
Crypto Expert Nouriel Roubini Develops Tokenized Assets, Aiming at Replacing USD
Crypto-basher economist Nouriel Roubini is developing a tokenised asset designed to counter the volatility of the U.S. dollar due to inflation, climate change, and more. According to Bloomberg’s repor...
BTC Falls Below $30,000, Is 55% Below Its Record High – Market Updates Bitcoin News
Bitcoin plunged below $30,000 for the first time in eleven months, as bears continued to run rampant in crypto markets. This move came as Luna Foundation Guard was said to be liquidating close to $1.5...
NEAR Foundation Sets Up a Regional Hub in Kenya, Boosting Blockchain Innovation in Africa
To trigger talent development, education, and blockchain innovation on African soil, NEAR Foundation, has launched a regional hub in Kenya in collaboration with Sankore, an African-focused blockchain ...
UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation – Bitcoin News
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions...
Analysts Suggest Crypto Price plunge Could be Start of New Market Trend
After experiencing a great plunge in the crypto market, major tokens such as Bitcoin has been rebounded slightly. Bitcoin has experienced a plunge below $30,000, a move that breached a symbolic price ...
Nous Launches World’s 1st Decentralised Hedge Fund
Blockchain start-up Nous Systems has announced the launch of the world’s first decentralised hedge fund built on blockchain technology. The decentralised investment platform Nous Fund is now liv...
HUMAN Protocol Foundation Awards Grant to VeritaTrust to Build on-Chain Rewards for Reviews – Press release Bitcoin News
press release PRESS RELEASE. Georgetown, Cayman Islands, May 10, 2022 – Today, HUMAN Protocol has announced that it has awarded a grant to VeritaTrust to power on-chain reviews. Following the announce...
Irreverent Labs Raises $40m in Funding, Led by a16z
Seattle-based startup Irreverent Labs has once again raised $40 million in funding led by Silicon Valley heavyweight investment firm Andreessen Horowitz (a16z). Irreverent Labs is building games and e...
Nigerian Crypto Restrictions and Twitter Ban Have ‘Crippled Foreign Direct Investment in the Fintech Industry’ – Emerging Markets Bitcoin News
A new report has concluded that restrictions on cryptocurrency trading, as well as the banning of Twitter by Nigerian authorities, may have “crippled foreign direct investment in the fintech industry....
The Bank of Tanzania to Introduce CBDC, Strengthening Domestic Payment System
The Bank of Tanzania is actively introducing a Central Bank Digital Currency (CBDC) to strengthen the domestic payment system. Bank of Tanzania Governor Florence Luoga said in an interview on Monday i...
Galaxy Digital Loses $111.7m in Q1 as Crypto Markets Plunge
A diversified financial services firm dedicated to the digital asset, Galaxy Digital (GLXY), announced its financial results for the first quarter ended March, with a significant financial loss. The c...
Deutsche Börse Taps SEBA Bank as the New Issuer of Crypto ETNs
Deutsche Börse and SEBA Bank have formed a collaboration that has seen the digital asset bank start issuing four crypto products tradable on the electronic trading platform Xetra and via the Börse Fra...
Over 3.4m Sweatcoin Crypto Wallets Created since Launch of SWEAT Token in April
Sweatcoin has seen the creation of over 3.4 million crypto wallets via its mobile application since the announcement of the SWEAT crypto token by the company on April 12. The total number represents a...
Crypto Market Cap Clashes over 50% to around $1.4T
The market capitalisation of cryptocurrencies has fallen more than 50% to around $1.4 trillion as the Federal Reserve (Fed) raised interest rates by 50 basis points sparking a sell-off panic among inv...
El Salvador Buys the Dip for another 500 Bitcoins
The crypto trading world is in a sell-off panic due to the Fed’s rate hike. However, some see the price slump as a major discount for accumulation and top-up packs. One of the active investors is El S...
Stock market news live updates: May 10, 2022
U.S. equity futures edged slightly higher ahead of overnight trading Monday after stocks extended a sharp sell-off that sent all three major indexes to their lowest level year-to-date. Futures tied to...