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...
Category: Tech
Live Tech News Updates.
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...
The Tech Selloff Is Ugly. But the 2000 and 2008 Crashes Were Far Worse.
Text size The Nasdaq Composite is down 27% from its peak. Michael Nagle/Bloomberg Technology stocks were some of the biggest victims amid the recent market rout. But they still have a long way to go t...
SAND after hitting its multi-monthly low could go funky if investors…
After the 20 EMA (red) refuted most of the recent recovery attempts, the sellers steered the trend in their favor by sinking the price below the lower trendline of the down-channel (yellow). This traj...
EOS Price Analysis: More Losses Possible Below $1.20
EOS price started a fresh decline from the $1.80 resistance against the US Dollar. The price is now trading below $1.5 and the 55 simple moving average (4-hours). There is a major bearish trend line f...
After Terra, Is Tron Next? TRX Short Interest Skyrockets
Tron Founder Justin Sun said he will deploy a $2 billion reserve to protect TRX against heightened short interest. As the Cryptocurrency bloodbath intensifies many crypto leaders are announcing plans ...
Coinbase CEO Clarifies Controversial Disclosure About Customers’ Funds
Alex Dovbnya Coinbase reported a massive revenue miss, but the company doesn’t face bankruptcy, according to CEO Brian Armstrong Coinbase CEO Brian Armstrong has clarified that a new disclosure ...
After the Collapse of Terra’s UST, What’s Next for Algorithmic Stablecoins?
In brief Terra’s UST stablecoin is trading well below its $1 target. Stablecoin creators and skeptics alike believe collateralization is key to consumer confidence. On Monday, the Federal Reserv...
This is Why TerraUSD (UST) May Hit $1 Before Terra (LUNA) Price!
Terraform labs, in the recent days dumped the whole BTC reserve and dragged the entire crypto space into a deep bearish well. Bitcoin price visited the rock-bottom levels, hitting the support levels t...
Azuki Founder’s Shady Past Causes Price Volatility
The founder of Azuki NFT admitted to abandoning previous NFT projects, leading to intense price fluctuation of Azuki on the OpenSea marketplace. Founder Admits To Abandoning Projects Known only by his...
This is where Dogecoin can go after 18% crash and $14 million liquidations
Most of the market is still recovering from the events of 9 May, which left the crypto space broken beyond belief. Marking the highest single-day losses for every cryptocurrency, the bears did not spa...
MKR Sellers Plan A Revisit $1000; Buy Again?
Due to a sudden price drop of its competitor Terra(LUNA), the MKR/USDT pair has witnessed a significant inflow as investors are safer with DAI stablecoin. As a result, the altcoin nearly jumped 80% on...
Hedera launchpad platform HederaStarter to hold IDO May 19 to establish HSTART token » CryptoNinjas
The team of Hedera network launched platform HederaStarter has now announced the date of May 19th, 2022 for its native HSTART token generation event (TGE) on the HederaStarter IDO platform, establishi...
Bancor 3 goes live with impermanent loss protection for liquidity providers
Bancor, the first decentralized finance protocol to introduce liquidity pools, has come out with a new liquidity solution with the launch of its v3, called Bancor 3. Bancor 3 went live with a promise ...
Terra’s LUNA Falls Below $1
The price of Terra’s LUNA token has fallen below the $1 mark. It reached a new daily low of $0.938 on the Bitfinex exchange at 12:39 p.m. UTC. Image by tradingview.com One of the most popular cr...
‘Fire Sale Prices’: Coinbase CEO on Stock’s 87% Decline Since 2021 Debut
In brief Coinbase shares traded as low as $50 on Wednesday, a far cry from last year’s high of $381. CEO Brian Armstrong tweeted reassurances suggesting the stock is a buy. Coinbase shareholders...
BusinessDay to Host Future of Payments and Fraud Conference 2022
To bring the Future of Payments and Fraud Conference to life, BusinessDay will provide experts and thought leaders in the National Payments System, as well as views from global industry leaders at the...
LBlock Faces Rejection at $0.001400
Lucky Block Price Prediction – May 11 LBLOCK/USD is in a downtrend as it faces rejection at $0.001400. The selling pressure has continued despite the upward correction above the moving averages. This ...
HK-based Gusto Collective Raises $11m in Funding Round Led by Animoca Brands, Gaw Capital
Hong Kong-based Gusto Collective has raised $11 million in its Seed Plus funding round led by Animoca Brands and Gaw Capital. The company plans to utilise the funds to support its geographic expansion...
Monoverse CEO Jayden Lee believes P2E games can’t lose sight of their main purpose: entertainment
Since last year, blockchain games, both play-to-earn (P2E) and non-fungible tokens (NFTs), have been a bell ringer in the Korean domestic game industry. Leading companies like WeMade, Com2uS Group, Ka...
Gensler attacks USDT, USDC, BUSD while Do Kwon takes his ‘razor focus to deliver’
The U.S. SEC Chair Gary Gensler criticized stablecoins and digital asset exchanges for trading against their customers. This criticism comes at a low point for the crypto market which is currently goi...