South Korean law enforcement agencies have asked crypto exchanges to freeze funds that might be linked to the Luna Foundation Guard. The exchanges are not compelled by law to follow through with the request, and the decision can be conducted at their discretion. Terra’s troubles are growing as lawsuits and scrutiny pile up. South Korean […]
The Shiba Inu memecoin has increased its burn rate over the past few weeks. A SHIB burn tracker recently showed that 22.2 billion SHIB tokens had been burned. The tokens were burned through 497 different transactions. Over 22 billion SHIB tokens burned Developers of the Shiba Inu memecoin teamed up with Ryoshi Vision to set […]
The price of Bitcoin hit its lowest since 2020 on 12th May 2022 and crashed to $26000. This major crypto crash has hit Metaverse coins the hardest, making them the biggest gainers amongst other digital assets. Coins to Buy in the Dip After this week’s market crash, five metaverse coins have bounced the hardest, namely, […]
After Terra’s UST collapsed, there has been a sharp focus on dollar-pegged stablecoins. There are in fact fears that another de-pegging could pose systematic risks for the entire crypto market. Nonetheless, USD Coin has emerged as one of the key alternatives to Terra’s UST. Here is why: USD Coin is managed by a verified consortium […]
Pebble, a fintech startup whose crypto app seeks to bring about a “money revolution” by paying its users to save, spend and send money, has announced a $6.2 million seed funding round. The platform’s financing round attracted investments from leading venture firms, including Y Combinator, the financial startup said on Monday. Others to back Pebble’s […]
Blockchain infrastructure is the foundation of the decentralized revolution. Ever since the Bitcoin chain launched, more and more projects have been established, each offering something unique. But why would investors be interested in these ecosystems? Demand for blockchain ecosystems is always going to be high Innovations in blockchains are making decentralization cheaper The long-term value […]
The GODS token is seeking to recapture the prior support level from earlier in 2022 by breaking out and closing a weekly candle above $1. The price of GODS is now at $1, with a trading range of $0.70 to $1.40 (per day) and a weekly high of $1.50. In around twelve hours, the weekly candle will […]
Cronos (CRO) is starting to attract growing demand after selling off in recent weeks. The coin appears to have a significant upside for more gains this week despite slowing investor sentiment in the market. CRO has now established a bullish setup with potential double-digit gains in the short term. Here are some crucial pointers: CRO […]
It seems like just yesterday when Zilliqa (ZIL) was making headlines after posting 500% gains in less than two weeks. Although the coin has sharply retreated from its 2022 highs, it’s still not badly off, given where it was at the start of the year. But investors could still get more returns in the near […]
The crypto market began the final week of May 2022 on an uptrend. Crypto analysts believe that we might see assets recover some of their lost gains in the coming days. As a result, this might be an ideal time to discover the best coins to buy this week. We’ve provided a list of 10 […]
Japanese bank Sumitomo Mitsui Trust will provide digital asset custody services for institutional investors. The venture is being carried out with Bitbank, which will own 85% of the venture. Institutional investors are interested in crypto, but want safeguards and good infrastructure. Japanese bank Sumitomo Mitsui Trust has announced that it will offer digital asset custody […]
The whole crypto community is in shock as the Terra’s (LUNA) value has tanked in the last week. Selling pressure on Terra UST continues as the currency has lost more than 11% of its value and now trades for $0.07846. The coin has dropped more than 48% in just seven days. UST lost its peg […]
Wrapped Luna (WLUNA) is an Ethereum based token that serves as a blockchain representation of Terra (LUNA). It’s a separate ERC-20 token designed to monitor LUNA’s worth. WLUNA was established to provide LUNA holders access to Ethereum-based DeFi dApps for trading, holding, and participation. A WLUNA partner may trade one LUNA for one WLUNA, and […]
Customers in the United States can pay for items using crypto Bitcoin and Ethereum are the primary options for now Balenciaga plans to add more cryptocurrencies as time goes on Other Fashion industry stakeholders like Gucci and Tag Heuer also recently announced support for Crypto payments Avant-garde fashion behemoth Balenciaga is set to expand the […]
India remains one of the leading cryptocurrency markets in the world despite the regulatory uncertainties in the country. The CEO of India’s largest cryptocurrency exchange wants regulatory clarity that would benefit companies and investors in the country. Ashish Singhal made this call on Sunday, stating that regulatory clarity would do wonders for the Indian cryptocurrency […]
Russian law enforcement officials are investigating a crypto mining operation at Butyrka, Russia’s oldest prison. A deputy warden has been accused of stealing electricity to mint digital coins with the help of unidentified accomplices. Deputy Warden Suspected of Mining Cryptocurrency in Moscow Prison A high-ranking representative of the management of Butyrskaya prison, in the Tverskoy […]
Quick take: European Central Bank President, Christine Lagarde, has said cryptocurrencies are worth nothing and based on nothing. She added that cryptocurrencies do not have an underlying asset to act as an anchor of safety. ECB President Lagarde said that a digital Euro would be a better store of value than cryptocurrencies. The EU Commission […]
In the event of a crisis, many exchanges halted the trading of Terra LUNA soon after it took a dip. Protecting traders from high-risk trading was the most presented explanation by exchanges for the delistings. The biggest exchange by volume, Binance, discontinued the trading of the LUNA and Terra tokens on the 12th of this […]
Lawmakers have filed a bill with the State Duma aimed at introducing the term NFTs to Russian legislation. The authors of the draft say the rights of those who own non-fungible tokens need to be protected as Russians are currently dealing with NFTs at their own risk. Russian Deputies Propose Amendments Legally Defining NFTs Members […]
The cryptocurrency market was under stress recently following the collapse of Terra LUNA and the UST stablecoin. Most cryptocurrencies plunged to low levels, with Bitcoin dropping to below $28,000, erasing the gains made in 2021. Coinbase, one of the largest cryptocurrency exchanges globally, has announced that it will not hire any additional staff for the […]
Following the Terra blockchain fallout and the great UST de-pegging event, the Terra network ecosystem is now a wasteland of almost worthless tokens and protocols. While both UST and LUNA were top ten crypto market cap contenders, Terra’s decentralized finance (defi) presence was second to Ethereum in terms of total value locked. Today, the remaining […]
