2 hours ago | 2 mins read Editors News The correlation between ApeCoin and Bitcoin is presently at 0.90. On May 12, APE surged almost 45 percent to $7.30. ApeCoin (APE), the new cryptocurrency just es...
Category: Tech
Live Tech News Updates.
Senate Confirms Jerome Powell to Second Term as Fed Chair
Key Takeaways The Senate has approved Jerome Powell to serve another four-year term as Fed chairman. Congress mandates that the Federal Reserve maintain price stability and full employment. While noti...
NFTs Started ‘a Digital Art Renaissance.’ It’s Far From Over
Digital art was born in the 1960s, but the 2020s will surely go down as the era when the medium came into its own, and turned the art industry upside down in the process. Technology, in the form of no...
Solana: Decoding the aftermath of the recent losses on SOL’s technicals
Solana (SOL) bulls had to face up to yet another liquidation post a broader market sell-off over the last two days. On its way south, SOL fell toward the $35-baseline for the first time in over nine m...
Binance Warns Of More Terra Disruptions As Withdrawals Skyrocket
Binance, the world’s largest crypto exchange, warned on Thursday that trading Terra on its platform will be prone to disruptions. The exchange cited surging withdrawal requests for LUNA, which have co...
Dogecoin Now Down 90% from Musk-Fueled Price Peak
Alex Dovbnya Dogecoin is now down more than 90% from its all-time high of $0.73 Dogecoin, the largest meme cryptocurrency, has plunged a staggering 90% from its all-time price peak that was recorded o...
The waning of doped prices in the Nasdaq tech index
In recent months, and more incisively in the last week, the Nasdaq tech index has suffered a humility cold shower by seeing billions burn. After the crypto sector, the tech stock index also collapses:...
Axie Infinity (AXS) Releases Origin Android APK
Axie Infinity Shards (AXS) appear to be one of the only cryptocurrencies to trade up slightly in the past 24 hours, despite the current bear market. Buyers appear optimistic over the blockchain game’s...
Evo Surfers: The latest play-to-earn project taking Gamefi to the era of integration
The pandemic has dragged many things into downtrends, but one thing has definitely been given a thrust: blockchain-based games. By implanting NFT (non-fungible token) and crypto into gaming, these gam...
Shiba Inu Stablecoin Inches Towards Completion; Here’s What We Know So Far
The Shiba Inu ecosystem has been consistent with its updates as developers have been working hard at it. According to the official Shiba Inu blog post, the primary financial components, Shibarium, SHI...
Terra Announces New Emergency Measures To Support LUNA And UST
Terraform Labs on Thursday said it has proposed three new emergency measures to save LUNA and UST stablecoin. The company has proposed to burn all UST in the community pool, burn the remaining 371 mil...
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...
How Long Will The CryptoWinter Last? Cardano Founder Provides Answers
It is evident that the market has now officially welcomed a cryptowinter. The market prices of various digital assets show this. However, as is expected, investors in the space are wondering how long ...
5 Most Impactful Recent Developments In The Cardano Ecosystem
– Advertisement – 5 Most Impactful Recent Developments In The Cardano Ecosystem. ?The blooming #Cardano #DApp ecosystem continues to grow. Let’s have a look at yet another recap ...
Coinbase CEO Refutes Rumors of Bankruptcy Amid Loss in Q1 2022
3 hours ago | 2 mins read Exchange News Immediately after the declaration of the loss, there was a flurry of discussion on Twitter. The team is now working on revising their agreements so that retail ...
Coinbase users lose Wormhole LUNA, UST after sending it to the exchange
During the recent death spiral of UST and LUNA, many tried to send their tokens to their Coinbase wallets, and they ended up losing them altogether. The problem emerged from the main Terra bridge’s t...
Cardano and Polygon at Risk of Freefall
Key Takeaways Cardano and Polygon have dropped by more than 4% over the past 36 hours. Further selling pressure would increase the risk for the two assets to drop another 50%. ADA must reclaim $0.97 ...
Symbiosis Integrates 1inch to Enable Best Price Discovery for Cross-Chain Swaps
[PRESS RELEASE – Please Read Disclaimer] The multi-chain liquidity protocol Symbiosis has integrated the 1inch DEX aggregator to facilitate arbitrary asset swaps between EVM-compatible networks. The S...
USDT-dollar peg wobbles as markets continue to struggle: Tether CTO weighs-in
Cryptocurrencies markets continue to suffer major losses following the depegging of Terra ecosystem’s stablecoin TerraUSD (UST), causing discrepancies between stablecoin pegs and the value of Bitcoin ...
Derivatives’ Old Guard Fights FTX Chief Over Plan to Cut Out Middlemen
But representatives of the derivatives markets made it clear FTX is directly threatening their territory, arguing that cutting out intermediaries for derivatives trades wasn’t just an idea that was go...
Second video of Red Bull riders on cryptocurrencies- The Cryptonomist
Cryptocurrency exchange Bybit is the Principal Team Partner of the famous Oracle Red Bull Racing Formula 1 team. Red Bull and the relationship with cryptocurrencies A few weeks ago it launched the #B...
Price Crashes Far Below the ICO Price
LUNA continues its freefall as the price loses another 93% in the past 24 hours alone. Today, the cryptocurrency also crashed below its ICO price. LUNA had its initial coin offering back at the beginn...
As TerraUSD [UST] careens out of control, is Tether [USDT] headed the same way
When the market crashes, investors usually watch Bitcoin with frantic eyes – but everything is different this time. A Terra-fying saga is in progress, which saw Terra [LUNA] lose more than 95% of its ...
The 21st Century’s New Gold Mines
Advertisement     Renewable energy is a big emerging market and experts believe new-age renewable energy plants are the gold mines of the 21st century. This is mainly ...
Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’
The Terra rescue story continues to unravel. In a tweet thread, the Terra Money Twitter account went into greater detail regarding the CEO of Terraform Labs, Do Kwon’s, rescue plan for UST. The thread...
Treasury Secretary Janet Yellen to Discuss Stablecoin Today Amid TerraUSD (UST) Crash
– Advertisement – Janet Yellen, the United States Treasury Secretary, is scheduled to testify later today before the U.S. House Committee on Financial Services. According to people famili...
Tether claims they were ready for this bank run
Tether CTO, Paolo Ardoino, told us last month that Tether was prepared for a bank run. Ardoino and the Tether team have run models to simulate a 2008-style financial crisis and believe that it will co...
Terraform Labs Launches 3 Emergency Actions to Save LUNA, UST Stablecoin
On Thursday, Terraform Labs, the team behind the Terra ecosystem, outlined three emergency measures aimed at saving LUNA and its native stablecoin UST from collapse. The three measures include burning...
Chile Postpones CBDC Launch Citing Need for More Analysis of Benefits
The Central Bank of Chile will delay issuing its central bank digital currency (CBDC), the digital peso, pending further research. Last Sept, the bank gave the green light to develop a centralized dig...
Terra’s Rescue Plan: $1.4B UST Set To Burn, While 240 million LUNA Being Staked – Coinpedia – Fintech & Cryptocurreny News Media
Do Kwon’s first rescue plan included enlarging the base pool, burning UST, and staking LUNA, according to the Terra’s Twitter account. Terra feels that the downward pressure on UST’s peg is diluting L...