Prominent decentralized finance protocol, Bancor has announced the launch of its v3, dubbed Bancor 3. The release on the mainnet comes six months after the project first shared the details of features...
Category: Tech
Live Tech News Updates.
Tether (USDT) Close To Recovering Peg Despite Rising Redemptions
The largest stablecoin in the cryptocurrency world scared the already panicked market when its lost its dollar pegged value. It went down to slip as low as $0.9455 cents. However, it has now recovered...
Ripple Is Facing Rejection at $0.46 as Bears Resume Selling Pressure
May 13, 2022 at 09:27 // Price Today, the price of Ripple (XRP) is in a downward correction as the cryptocurrency peaks at $0.46. Yesterday, the altcoin fell to the low of $0.33 as the bulls bought th...
Here’s everything you need to know about TerraUSD, Tether and other stablecoins
Update on 13 May at 09:49 UTC – Paolo Ardoino, CTO of Tether and Bitfinex tweeted that Tether has cut some holdings of commercial paper. In the accompanying news article, Ardoino explained that ...
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...
The Emerging Partnership Between Cryptocurrency And Sport
– Advertisement – With the rising popularity of the cryptocurrency industry, it was only a matter of time before it entered almost every facet of society, including music, art, entertainme...
Cryptocurrency Sales After 1 Year of Possession Declared Tax-free in Germany
3 hours ago | 2 mins read Editors News Investors had to keep it for at least ten years before selling it out tax-free until now. The crypto market is recovering after the recent bloodbath. Because of ...
YouTuber KSI Says He Lost $2.8 Million on Terra in One Day
One of LUNA’s celebrity holders is taking to social media to document his losses. British YouTuber and rapper JJ Olatunji, more commonly known as KSI, shared Thursday morning that the $2.8 million he ...
Terra TVL Reaches 2022 Low; Crashes More Than $14 Billion
Terra total value locked (TVL) fell sharply in the second week of May due to an overall bearish market, which has seen several chains see decreased investor interest in DeFi. After Ethereum, Terra ca...
Terra announces recovery plan as LUNA and UST continue dipping
The Terra ecosystem has suffered from one of the worst crashes in the cryptocurrency market. The collapse of the LUNA token by over 99% has been caused by the depegging of the UST algorithmic stableco...
The Aftermath of Terra (LUNA) Crash: Why UST May Regain Its Peg Value? – Coinpedia – Fintech & Cryptocurreny News Media
Terra (Luna) fell at 99.6% after reaching its all-time high of about $120 last month. The terra price has now dropped to 0.005. Crypto exchanges have started taking steps in response to the fall of L...
BVNK Raises $40M in Series A Round Led by Tiger Global
Cryptocurrency startup BVNK has raised $40 million in a Series A round led by Tiger Global. In this round of funding, investors include The Raba Partnership, Avenir, Kingsway Capital, Nordstar, Concen...
3 tech stocks to keep on your watchlist in a volatile market
For quite some time, mega-tech and growth stocks led the markets, indexes, and perhaps even most retail portfolios. Headwinds in 2022 managed to push the Nasdaq into correction territory and numerous ...
CryptoDaily’s Tech Roundup with Adreynn Ashley
I’m Adryenn Ashley for CryptoDaily and here are this week’s top 5 tech announcements in the crypto space for this week. Ledger and OnChainMonkey launch The first NFT-branded Nano X hardware wall...
TFL Proposes Emergency Response to Counter Recent Collapse of Terra Ecosystem
Terra and its ecosystem have had a pretty rough ride the past few days. With UST losing its peg and LUNA in freefall, Terra is under pressure to quickly resolve the “bad debt” and restore community tr...
The Multichain Military, Near Protocol (NEAR) and Quitriam Finance (QTM)
Place/Date: – May 12th, 2022 at 1:46 pm UTC · 3 min read Source: Quitriam Finance Why Do We Need Blockchain Interoperability? Without cooperative blockchains, we will never experience a decentra...
Litecoin [LTC] investors could watch out for these levels in weeks ahead
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Earlier this week, the MimbleWimble upgrade was announced for Lite...
Why TV Host Jim Cramer Just Called Cathie Wood “Kiss Of Death”
Even as Coinbase’s stock price continues to fall, American investor Cathie Wood bought the cryptocurrency exchange’s shares worth around $3 million on Wednesday. Three of Wood’s funds, Ark’s Innovatio...
Dead cat bounce or bottom?
ApeCoin (APE) has undergone a sharp recovery after falling to its lowest level in two months. But its strong correlation with Bitcoin (BTC) and U.S. equities amid macro risks suggests more losses coul...
Binance Warns It Will Delist Terra’s LUNA If It Falls Below 0.005 USDT
Binance warned Thursday that it would delist the LUNA/Tether trading pair if LUNA’s price fell below 0.005 Tether, or about half a penny. Shortly after Binance sent its tweet, Terra shut down its enti...
Terra Chain Resumes Operations After 2-Hour Pause on Block Production
On Thursday, Terra Chain resumed operations just two hours after Terraform Labs announced a halt on block production to prevent governance attacks on the network as part of its emergency action plan. ...
David Marcus launches Lightspark – The Cryptonomist
After leaving Meta, David Marcus launches Lightspark, a new Bitcoin payments company. Lightspark, the new project of David Marcus After leaving Facebook last year, many were wondering where would Davi...
Tether USDT wobbles, triggering market anxiety
The cryptocurrency market has been in turbulence this week. Due to declining prices, billions of dollars worth of cryptocurrencies have been liquidated from the market. The collapse of Terra LUNA and ...
Wei Zhou And Joffre Capital Completes Acquisition Of Coins.ph
Veteran tech executive Wei Zhou and buyout fund Joffre Capital closed their acquisition of Coins.ph earlier this month, the private equity firm has confirmed. Zhou will serve as CEO of the platform, a...
Abu Dhabi-based Matrix goes live with more virtual assets approved by ADGM
Matrix, a global multilateral virtual asset trading platform, lists two new assets: XRP and XLM. The listings come as part of Matrix’s bid to bring a wider array of options to traders and investors ar...
Polkadot [DOT] enters critical support level, should investors bet on it
DOT is still bleeding as the bear market extends for yet another week, with no sign of slowing down. This has especially been the case in the last two days during which selling volumes increased after...
Tether (USDT) at $0.96, But You Shouldn’t Worry About De-Peg
Arman Shirinyan Tether is being pushed down heavily as the panic on the crypto market aggravates Contents Is Tether mimicking UST’s faith? Not the first run for Tether Following the turmoil on t...
Is Tether next in line for an attack?
Following on from the attack on the UST stablecoin algorithmic dollar peg, and its more or less total destruction, could forces be brought to bear on the Tether USDT dollar peg? Back in the early 2000...
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...