Speaking at a news conference, Powell noted that the Federal Reserve understands the “hardship” inflation is causing and how it is affecting tech and other stocks. Stocks at large, especially tech sto...
Category: Tech
Live Tech News Updates.
Terra Stablecoin UST Makes Significant Recovery, Now Trading Above $0.90
– Advertisement – After Yesterday’s Decline, Terra Stablecoin UST Has Made Significant Recovery As The LFG Raises An Additional $2B From Investors. The price of the Terra stable coin (US...
Top 3 Most Promising Cryptocurrencies of 2022
3 hours ago | 2 mins read Altcoin News Cronos is down 6.00% in the last 24 hours. The Velas Ecosystem comprises decentralized goods built on top of its chain. Let’s look at the top three most promisin...
Maker Up 11% Despite Terra CEO’s Pledge to Kill DAI
Key Takeaways MKR, the governance token of the Maker protocol, has risen 11% Tuesday. Maker appears to be benefitting from UST’s recent de-pegging event which saw the dollar pegged asset slip to...
Tether, $133 billion trading volume
According to CoinGecko‘s data, in the last 24 hours, the crypto markets saw a trading volume of $133 billion for Tether (USDT). Tether sets new trading volume record USDT, the most capitalized stable...
El Salvador buys the dip with additional 500 coins
The cryptocurrency market has registered notable dips over the past few days. Over the past 24 hours, at least $1 billion has been liquidated from the market. However, El Salvador’s president, Nayib B...
Stress Test for LUNA & UST, Is it a Maximalist’s Co-ordinated Attack or Terra’s Peg-Mechanism Failure?
The crypto space witnessed yet another brutal attack as the star crypto fell beneath $30,000 for the first time after the July 2021 crash. The price marked its 2022 lows at around $29,730 and quickly ...
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...
CoinLoan Comes with a Special Offer as SOL Is Now Available
Tuesday 10th May Tallinn: Solana (SOL), one of the top-10 digital assets by market cap, is now supported by CoinLoan. The new addition reflects a growing demand from users. The growth of the SOL block...
Elrond Partners With Anchain to Strengthen Compliance and Fraud Prevention
The developer of internet-scale blockchain infrastructure for Web3 payments – Elrond Network – announced integrating with blockchain analytics platform Anchain AI to enhance compliance and prevent fr...
Ripple Regains Bullish Momentum And Rallies Above $0.50 High
May 10, 2022 at 11:59 // Price The price of Ripple (XRP) is in a downward correction as the altcoin fell below the psychological price level of $0.50. XRP hit the low of $0.47, but the bulls bought th...
Elon Musk’s Proposed Fixes for Twitter Are Rooted in Web3
With Elon Musk’s announced purchase of Twitter for about $44 billion, the stranglehold of the world’s billionaires on the world’s media outlets has tightened. Cases in point: Jeff Bezos owns the Washi...
Blue Chip NFTs 101 – What Is The Proof Collective And Who’s Behind It?
The mysterious organization known as The Proof Collective defines itself as “a private members only collective of 1,000 dedicated NFT collectors and artists.” To join the Proof Collective someone woul...
Terra peg mechanism in doubt as UST crashes to $0.67
The third-largest stablecoin by market cap, TerraUSD (UST), appears to be in a catastrophic tailspin which has seen it de-peg from the dollar and drop to as low as $0.67 on Tuesday. As its price has f...
Top 3 DeFi Tokens By Trading Volume
The global crypto market size falling below $1.6 trillion. BTC’s dropped nearly under $32,000 for the first time since February. The largest cryptocurrencies had a bearish week. A small great look at...
Azuki NFTs Plunge After Founder Confesses Past Failures
Key Takeaways Azuki’s pseudonymous founder Zagabond has revealed his past involvement with three failed NFT projects: Tendies, CryptoPhunks, and CryptoZunks. The community has accused him of ...
Cathie Wood: The ARK Founder Indicates The End Of Bear Market, Bullish About Blockchain Tech
Cathie Wood recently expressed her optimistic views about the crypto industry in a new video update. Bitcoin (BTC) dropping along with the stock market is a temporary phenomenon, highlights the ...
Central Bank of Nigeria to Upgrade eNaira for More Uses, Including Bill Payments
The Central Bank of Nigeria will launch an upgrade for its eNaira next week. The upgrade will allow the digital currency to be used on a wider range of goods and services, including bill payments. Nig...
MicroStrategy risks a margin call
Yesterday was a black day for MicroStrategy, which risks a margin call due to the collapse in the price of Bitcoin. Bitcoin in the red, MicroStrategy close to a margin call Due to the collapse of Bit...
Nigeria’s Central Bank says eNaira can be used to make bill payments
The Central Bank of Nigeria (CBN) is advancing its plans for its central bank digital currency. The institution has now said that it will be possible for locals to make bill payments using the eNaira....
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...
Publicly-traded Digital Asset Firm, Tectona Invests $5M In Fuse Labs
Advertisement     Tectona, Israel’s largest publicly traded digital assets company, announced the signing of a formal agreement with Fuse Labs, a web3 payments company...
Shiba Inu (SHIB) Attempts Strong Recovery Reclaims 15th Place Beating WBTC
– Advertisement – Shiba Inu (SHIB) Attempt Strong Recovery Move Following the Widespread Selloff in Global Crypto Market. Following Monday’s widespread selloff in the global crypto marke...
Binance Halts Terra Withdrawals Amid UST Meltdown
Key Takeaways Binance has halted LUNA and UST withdrawals, citing “high volume of pending withdrawal transactions.” UST spiralled as low as $0.62 on Binance early Tuesday, while LUNA crash...
Madonna Launches First NFTs With Beeple—and They’re NSFW
Pop culture icon Madonna and the digital artist Beeple announced a three-video NFT collaboration today featuring a naked, CGI Madonna giving birth. It’s called “Mother of Creation.” Madonna—whose curr...
CoinLoan Offers Lavish APY Rates to Mark the Introduction of Solana
Amid robust consumer demand, CoinLoan has extended its offering with Solana (SOL), one of the biggest cryptocurrencies in terms of market capitalization. This blockchain is developing fast, with SOL b...
Changpeng Zao (CZ) meets the Italian Five Star Movement
Changpeng Zao, the founder of Binance, met a delegation of the Five Star Movement (M5S). After Mark Zuckerberg, Changpeng Zhao also visited Italy Binance’s expansion into Europe The Undersecretary of ...
5 Best Low Price Cryptocurrency to Buy – May 2022 Week 2
The cryptocurrency market has experienced a big selloff in the past few days. From nearly $2 trillion two weeks ago, its total cap has dropped to $1.54 trillion, a fall of around 23%. Such a dive is i...
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...
Market Crumbles As LFG Moves To Defend UST Peg
Luna Foundation Guard has announced that it would take decisive steps to proactively defend the larger Terra economy and the UST Dollar peg. The move comes after its algorithmic stablecoin, TerraUSD, ...