Coinbase Chief executive officer Brian Armstrong has declared thoughts to trade a 2% portion of his shares in the crypto-asset system within 2023 to finance technological exploration. This was stated by him on Friday. That night, he said on Twitter that he wishes to commit some of his money in technology and studies to figure…
The UK authorities have released a detailed report of how it intends to reduce the financial stability problems related to financial settlements with cryptos. The authorities saw the need for this regulation following the UST stablecoin at the beginning of this month. Before its collapse, the UST was among the top three stablecoins globally. UK…
The crypto market suffers a bloodbath, with most tokens displaying ugly performances during May’s sessions. However, there’re a few exceptions. Furthermore, the marketplace saw new coins arriving. Let us check the top recently added cryptos to consider in June this year. As a rule of the game, research whenever considering crypto investments. Digital tokens are…
UST’s demise sent tremors through the cryptocurrency world. And according to researcher Nansen, they can’t trace it back to a single perpetrator. Rather, they discovered the trades of a limited number of traders, one of whom was the Celsius Network. There were expectations for UST to preserve its USD-peg. By using algorithms and trade rewards….
Huobi has revealed the purchase Bitex, one of the prominent exchange platforms in Latin America. Huobi disclosed the deal was concluded on Thursday, but the final details of the transactions remain unknown. Huobi Group executive Jeffrey Ma says the acquisition is part of the firm’s objectives to continue its expansion plans. Venturing into the Latino…
Earlier this month, the Terra network crash resulted in an intense sell-off in the crypto market. Analysts estimate that the crypto market cap dipped by nearly $500B following the crash. All digital assets are still well off their ATHs. The Leading digital asset, BTC, continues to trade at sub-$30K levels. After the network crash, the…
Two top South Korean exchanges (Bithumb and Upbit) have issued investment warnings over Litecoin’s recent upgrade. It is noteworthy that the exchanges issued their warnings separately. Litecoin’s New Upgrade Might Contradict FATF Policy The English translation of Bithumb’s notice reads, “the Mimblewimble extension blocks (MWEB) enhances Litecoin network’s scalability. However, the developers also included a…
Bobby Ong, one of Coingecko’s founders, has predicted that the decision by the US Fed to raise rates to curtail inflation will create a huge difficulty for the crypto market at least for the next 18 months. Ong Explains The Reasons Behind His Prediction He explained that since the crypto market and stock market now…
The largest stablecoin lost its USD peg last week, which resulted in many holders converting their USDT holdings to other stablecoins or fiat. The USDT de-pegging also created intense selling pressure in the wider crypto market. Tether Holdings Ease Fears Of Usdt Holders A part of the latest quarterly report by Tether holdings was dedicated…
Polkadot price experiences a steep fall. The altcoin breached the buyer’s region on DOT’s TSI. Polkadot should climb past $14.25 to invalidate this bearish bias. Polkadot (DOT) appears weaker than most cryptos in the marketplace. For now, it may be a no home for traders. Interested individuals should give the token more time to…
On Wednesday, the biggest issuers of crypto ETPs globally, 21Shares, entered the US crypto market space by launching two crypto index funds. Thus, eligible investors can gain investment exposure to digital assets regardless of whether they are large or medium-cap-sized digital assets. Details About The New Index Funds The newly launched index funds will monitor…
On Monday, Terraform Labs CEO, Do Kwon, requested (via Twitter) that developers willing to support and commit to the development of the forked terra chain should indicate interest. 8/ We believe this token distribution, in addition to best efforts by LFG to make $UST holders whole, best solves for the varying interests and time preferences…
A new filing with the SEC by Sam Bankman-Fried shows that the FTX CEO has invested nearly $549M in the shares of the popular trading platform, Robinhood. His investment makes his average cost per share acquisition to be $11.53 and makes him hold 7.6% of the platform’s shares. Bankman-Fried bought the shares under his privately-owned…
While the crypto community is even now struggling to decipher the pegging-de-pegging fiasco of Terra concerning the stablecoin offering UST (TerraUSD) thereof, Binance (a prominent crypto exchange) terminated the withdrawals for UST and LUNA (Terra) on Tuesday. Recently, the market value of the stablecoin offering of Terra (UST) plummeted to lower than the anticipated price…
The latest Coinmarketcap data shows that DEUS finance’s stablecoin, the DEI, has lost its dollar peg. After losing its dollar peg and dipping to a new low of $0.55 during the Monday morning session, the price of the algorithmic stablecoin has made some slight gains and currently trades at $0.66 following. While DEUS finance’s stablecoin…
Despite the TerraUSD crash, the platform’s DAO (the LFG) still needs to answer a few questions on some discrepancies regarding Terra’s BTC reserves. Before the UST lost its UST peg earlier in the week and created commotion across the market, the LFG held 70,737 worth of BTC (valued at nearly $2.1B) as reserves for its…
The CISA (Cybersecurity and Infrastructure Security Agency) and FBI (Federal Bureau of Investigation) have released a warning on North Korea-based state-backed cyber threats aiming at blockchain firms in reaction to the Ronin Bridge exploitation that occurred in the previous month. The warning was released this Monday in collaboration with the Treasury Department as well as…
Nowadays, cryptocurrency is a hot topic that is under discussion globally. The whole world is working on different aspects of cryptocurrency. The increasing popularity of crypto made the world think about legislation regarding the crypto market. The government of Virginia made legislation and allowed the chartered banks of the state to offer custodial services regarding…
A recent Bloomberg report has revealed that Grayscale Investments seeks to start offering its services to the wider European crypto market. According to the firm’s CEO, Michael Sonnenshein, Grayscale has already started discussing with local partners. Grayscale Already Has A Detailed Plan For Entering Europe’s Crypto Space – Grayscale CEO However, Sonnenshein refused to reveal…
Ethereum and Bitcoin lost more than 2.5% within the past one hour as liquidations on exchanges surpassed $120 million. The massive liquidations fueled a bearish thesis among crypto investors. Crypto analysts trust Bitcoin will lose the support of $39,000 while ETH struggles beneath the $3,000 level. BTC and ETH struggle to overcome their closest resistances…