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 crypto market has been on a freefall over the past seven days, with the leading digital asset dipping to a 16-month low. Even though BTC has recovered and made some gains, it is still nowhere near its peak price, which it attained last November. However, Cardano founder, Charles Hoskinson, has shared his insights regarding…
NFT Plazas has officially launched the first-ever advert system that will allow users to display their designed billboards in the virtual world. The innovative invention is the first of its kind and it is created to enable millions of business brands that are in various decentralized worlds to make their presence known via a prolific…
After accepting crypto donations for nearly a decade, Wikipedia has halted crypto donations following discontent by the Wikipedia community. The Wikimedia Foundation (WMF), the NGO that runs the popular internet encyclopedia, Wikipedia, has been embroiled in various discussions with its community members over the decision to keep accepting crypto donations. Discussions Have Been Ongoing Since…
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…
Top on-chain data analytics firm, Chainalysis, has completed an agreement with one of the leading lending banks in the Bahamas (Capital Union Bank) for the latter to launch its virtual asset services. The new partnership is one of the direct benefits of the nation’s adoption of crypto-friendly policies. Industry analysts opine that this partnership will…
The growth rate of the Ethereum network’s fundamentals has been impressive lately. The rising number of validators on the chain in the last 30 days demonstrates this growth. 700% Increase In The Number Of Ethereum Validators In 2 Years Multiple blockchain data shows that Ethereum’s technical performance has been quite impressive. There are nearly 355K…
A top-level executive with one of the leading crypto firms (SatoshiLabs) has weighed in on regulators’ increasing worries over crypto investors’ decisions to move their digital assets. Recently, there has been a huge spike in the number of crypto investors moving their digital assets from centralized exchanges to private wallets. Ban Popularizes Certain Technologies SatoshiLabs’…
Financial regulators from Texas and Alabama, USA, have issued a cease and desist order to a virtual casino firm after they alleged that it was selling unlicensed securities which represents a fraudulent act. Were They Selling Unlicensed Securities? The two security regulators claimed that Martin Schwarzberger and Finnruben Warnke (co-founders of Sand Vegas casino) had…
Per multiple local news outlets, many Argentines have discovered that they can earn more money through P2P arbitrage and leveraging on exchanges and the market conditions. One of Binance Argentina’s top-level executives, Maximiliano Hinz, revealed a 45% increase in the company’s P2P operations within the past 30 days. Argentines’ New Gold Rush Argentines have discovered…
One of the Ethereum staking pools, Lido, has announced that it would lower the requirements to become a validator on its platform. Thus, enhancing the decentralization of their platform. Based on the new requirements, anyone can become a Lido validator regardless of the amount of Ethereum they have staked. Furthermore, it would enhance governance on…
A new NASDAQ survey has revealed that financial advisors testing the crypto investment space plans to keep investing in the digital asset space. 87% of 500 investment advisors investing in the crypto space state that they will keep investing in it at least for the next 12 months. Furthermore, none of them plan to reduce…
DeFi platform, Truflation, has revealed that it is working on developing an indicator that can provide real-time inflation tracking analytics for the crypto space. Truflation further state that the new tool would be completely decentralized. A CPI Tool Developed With Blockchain Technology While speaking with the media, Truflation CEO, Stefan Rust, said, “the current framework…
BitsCrunch, a startup that focuses on the non-fungible token blockchain, recently declared that it would soon be working with MasterCard, one of the most popular payment service providers. Intended to be nurtured under MasterCard’s Start Path program, a global startup business participation initiative to assist companies in scaling, MasterCard and bitsCrunch want to empower users…
Despite failing to launch its cryptocurrency, Meta reveals it hasn’t given up on launching crypto lending services and virtual tokens. Per a financial times report, Meta plans to increase its revenue income by owning a digital asset that some insiders have called ‘Zuck Bucks.’ A Change To Suit Metaverse-Related Services However, the report clarified that…
Twitter shares surged up after serial entrepreneur and CEO of Tesla, Elon Musk, spent a whopping sum of over $2.89 billion to purchase a 9.2% share in Twitter. Also, the news sparked a jump by over 10% in Dogecoin’s trading price as the DOGE community reacted to the report. Elon Musk Invests In Twitter Billionaire…
Enormous XRP transfers between cryptocurrency exchanges are continuing, according to an official Whale alert Twitter account, whereas Ripple has re-escrowed the remaining cash just disbursed. With a few major cryptocurrency exchanges, Ripple has moved over 313M XRP, like two of the on-demand liquidity routes by Ripple in Asia and Latin America, respectively. 313.1M XRP Moved…
Bengal Energy intends to mine BTC using energy discharged from “abandoned” gas reservoirs in response to the increase in BTC mining this year. Bengal Electricity, an oil and gas firm in Canada, plans to invest in cryptocurrency mining operations using power from “abandoned” gas reservoirs. The company aims to install 70 Bitcoin mining machines within…
The leading digital asset has kept its gains in the last seven days, and its price is $47.5K as of this writing, only losing a little above 0.15% over the previous 24 hours. While many analysts are confused about its next price movement, nearly 56K investors are confident that BTC’s price will be slightly over…
Top US-based crypto exchange, Coinbase, has requested that the crypto community reject the EU’s proposed amendment of the funds’ transfer policy, stating that a modification of that policy will negatively affect crypto transactions, especially a breach of privacy. The exchange, whose headquarters is based in San Francisco, further appealed that the crypto community should be…