There’s no denying that the Web3 industry is slowly becoming mainstream. Cryptocurrencies, blockchain, NFTs, DeFi, and the metaverse have become household terms, and millions of people are expected to...
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Tether’s USDT Stablecoin Loses Peg Amid UST Disaster
Key Takeaways Tether’s USDT has lost its peg to the dollar. USDT briefly traded as low as $0.95 before recovering to $0.99. Several other stablecoins are trading above their $1 target, while UST...
Coinbase: -86% since entering the stock exchange
Coinbase stock, listed on the Nasdaq 100 technology index, has lost 80% of its value since its listing was announced in April last year. Coinbase entry into the stock market On 14 April 2021, it debu...
Terra Price Prediction – LUNA Is Crashing Aggressively
Terra (LUNA) Price Prediction – May 12Previously, before the May 5th session that marked the start of the major economic downing in most of the crypto business operations, Luna is down-turning aggress...
Galaxy Digital Announces Stock Buyback Program amid Shares Declines
Galaxy Digital wants to purchase 10.6 million of the company’s ordinary shares under the stock buyback initiative. Shares of Galaxy Digital (TSE: GLXY) are extremely down, and the company’s Board has...
Over $1.2 Billion in Liquidations
The entire crypto market is covered in red once again, with countless double-digit losses evident across almost all charts. Bitcoin dumped by 15%, while the altcoins have it even worse with Solana, Ri...
MATIC forms a bullish reversal candle pattern; should investors HODL or sell
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The $0.8 and $0.7 areas represent regions where Polygon’s native t...
This Billionaire Warned Against Algorithmic Stablecoins in 2021, What’s Next?
Despite criticism from various quarters, the phenomenon of algorithmic stablecoins continued to gain popularity until recent past. After the massive decline in $UST’s value earlier this week, all the ...
40.9 Billion DOGE Held by Robinhood
Yuri Molchan Robinhood holds 39.9% of Dogecoins in circulation; a whale is moving nearly half a billion DOGE at a tiny fee Contents $38 million in DOGE stored by Robinhood 359.3 million DOGE shifted t...
Citadel Securities and BlackRock Refute Rumors Trading TerraUSD (UST)
3 hours ago | 2 mins read Editors News One of the most shared tweets on Twitter was the foundation of the conspiracy theory. In separate emails to Forbes, the companies refuted the rumors. This mornin...
Hold on to your hats, Tether USDT shows signs of de-pegging on exchanges
The value of Tether (USDT) stablecoin against the U.S. dollar is seeing significant downward pressure on exchanges and has fallen below its $1 peg price. May 11 saw a 0.8% swing to the downside before...
DApps Development Platform Moralis Raises $40m in Series A Funding
On May 11, Moralis, a blockchain development platform for web applications, announced the completion of a $40 million in Series A round, according to Bloomberg. With the funds raised, the startup will...
Be Greedy When Others Are Fearful – Watch Polkadot (DOT) And These 2 Lesser-Known Cryptos
Privacy settings Decide which cookies you want to allow. You can change these settings at any time. However, this can result in some functions no longer being available. &#...
Research Reveals UST Stablecoin And Its Kinds Pose Great Risks Ahead
On the 10th of May, the UST dollar peg hit lows of $0.6. The stablecoin was challenged over thin liquidity, shortly after the Luna Foundation Guards (LFG) finished building its $3 billion treasures la...
ViaBTC Capital｜The Collapse of LUNA
Timeline of the Collapse: -In the early morning of May 8, to prepare for the 4Crv Pool, Luna Foundation Guard (LFG), a Singapore-based non-profit that maintains the Terra network, removed $150 million...
Maker (MKR) Surges 33% Amid Market Downturn
As reported by IntoTheBlock, Maker’s MKR has spiked 33% as the entire crypto market faced a downturn. Maker (MKR) is the governance token of MakerDAO and Maker Protocol that allows users to issu...
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 ...
US Fed Regulator Soon To Investigate Twitter’s “Delayed Disclosure”
2 hours ago | 2 mins read Bitcoin News Musk seems to have purchased shares without notifying his shareholders. Twitter’s stock surged up to $49.97 after the release of the filing. Tesla CEO Elon Musk ...
Terraform Labs Shares “Emergency” Plans as LUNA Breaks Below Five Cents
Share this article Terraform Labs has endorsed a plan to accelerate the UST burn rate in an attempt to save Terra from collapsing. Terra Aims to Avoid Collapse Terra is still in crisis mode. The Lay...
What Are Wrapped Tokens? How They Work and What They’re Used For
In brief Wrapped tokens are a way to use cryptocurrencies such as Bitcoin or Dogecoin on blockchains other than the blockchain they were originally built on. Wrapped tokens are backed 1:1 by their und...
When Will Cryptocurrencies Become Mainstream?
Mass adoption will happen as investments are made into companies trying to tackle the infrastructure and access problems in the current ecosystem, says Rebecca Mitchem, Partner at Neotribe Ventures. W...
Binance Italy is based in Lecce
The largest exchange in the world, Binance, sets its Italian headquarters in Lecce, the capital of Salento. An all-Italian Binance headquarters in Lecce Lecce, Salento During the days in which the CEO...
Algorithmic Stablecoin Like $UST Prone to Pose Great Risk! Here’s What Research Says
The UST dollar peg touched a low of $0.6 on May 10th. Shortly after the Luna Foundation Guards (LFG) finished building their $3 billion treasures last week, the stablecoin was challenged due to low li...
Coinbase Halted Trades In India Because Of RBI’s “Informal Pressure”
The CEO of Coinbase has pointed fingers at the central bank authorities, claiming “informal pressure,” which brought trading to a halt, leading to revenue loss. “Informal Pressure” Howeve...
XRP whales look for their final destination as traders go haywire
As the crypto market reels from the latest bear attack, how is one controversial top-ten coin dealing with more turmoil and conflict? XRP did produce a green candle earlier but on 11 May, a red one wa...
Coinbase CEO Says, ‘Informal Pressure’ From RBI Disrupted Our Payments
On April 5, the Nasdaq-listed U.S.-based crypto exchange Coinbase, officially allowed Indian users to buy crypto tokens through UPI (Unified Payments Interface), a modern Indian payment infrastructure...
Altcoins Reach Bearish Exhaustion While Cryptocurrencies Stage Strong Recovery
May 12, 2022 at 09:40 // Price LUNA, GMT, APE, KAVA and XEM are trading in the oversold regions of the market. This means that the downtrend has reached a final stage where buyers will emerge to take ...
Cardano Founder Shares Latest Update on Stablecoin Djed
Tomiwabold Olajide Cardano’s algorithmic stablecoin is named after Djed, which is the symbol of “stability” Cardano founder Charles Hoskinson has given an indication of the progress ...
Cardano Founder Welcomes Newcomers to Their First “Cryptowinter,” Says the Phase May Take Weeks Or Months To Pass
– Advertisement – Despite the recent market downtrend, Hoskinson is optimistic that the phase will pass in the coming weeks. In one week, over 30% of the total market valuation has evap...
Play-To-Earn Gaming Needs a Re-Think To Appeal to Wider Audiences
Play-to-Earn: Gamer motivation to play games isn’t financial – it’s fun. Financial incentives and engaging gameplay need to find an equilibrium, says Michael Rubinelli, Chief Gaming Officer at WAX Stu...