BoE Proposes Stablecoin Regulation Following Terra Crash

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 … Read more

Top Recently Added Cryptos to Consider in June 2022 

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 … Read more

Celsius Network Partly Caused UST’s Collapse: Nansen

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. … Read more

Huobi Buys Bitex to Expand Latin America Presence

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 … Read more

There Is A New Record In The Virtual Land Purchase – Report

A financial publishing firm, Curzio research, revealed that it paid $5M for several plots of land in the TCG metaverse. While the TCG metaverse isn’t popular, this record sale has made it popular. The previous record for purchasing any plot of land in virtual real estate was sandbox’s purchase. Sandbox bought several land plots for … Read more

Bitcoin Mining Difficulty Drops By 4.34%

BTC mining difficulty is now 29.85 trillion from the previous 29.85 trillion. The amount represents a 4.34% drop in the asset’s mining difficulty. The drop rate of the BTC difficulty adjustment algorithm represents the asset’s second-largest in a little less than 12 months. The Relevance Of The DAA Drop Last July, the DAA drop rate … Read more

Turkey Introduces New Bills to Increase Regulatory Oversight

Providing regulatory clarity on virtual currencies is the goal of every country’s central bank globally. Since 2020, nations have clamored for better oversight in the crypto industry to curb illicit transactions and safeguard investors.  Turkey has reportedly joined the long list of countries that aims to develop its cryptocurrency sector with improved oversight. The European … Read more

Authorities Need To Prioritize Crypto Regulation And Education – IMF Chair

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 … Read more

Two Top South Korean Exchanges Raise Concerns Over The Latest Litecoin Upgrade

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 … Read more

The Next 18 Months Will Be Challenging For Crypto Market Players – Coingecko Co-Founder

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 … Read more

Amidst De-Pegging Issues, Tether Allays Fears Of A Possible USDT Crash

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 … Read more

Polkadot (DOT) Signals ‘Weak Hands Holding,’ Bears Eye $4

  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 … Read more

Waves USDN Stablecoin Slips From the Dollars Peg

93.68% of the Curve pool is made up of USDN, according to crypto writer Colin Wu’s article. Similar ratios were detected in UST’s Curve pools, indicating that the peg is below strain and that more deposits may be required to maintain equilibrium. The USDN price, which is expected to remain stable at around $1, dipped … Read more

21Shares Launches Two Crypto Index Funds For The US Market

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 … Read more

How Polygon (MATIC) Benefits from Terra’s $30B DeFi Loss

Terra’s recent collapse forced it to eliminate several applications. For instance, the blockchains hat to remove Anchor, which was the chain’s leading DeFi network at some point. Meanwhile, the protocol is worth pretty nothing for now. As these protocols proved valuable use cases, different chains, including Polygon, are chasing the platforms like vultures. Polygon Eyes … Read more

Five Validators Want To Keep Doing Their Job On The Terra Network

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 … Read more

FTX CEO Purchases 7.6% Holdings Of Popular Trading Platform

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 … Read more

DEUS Finance’s Stablecoin Sheds Nearly 30% Off Its Dollar Peg

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 … Read more

Luna Foundation Guard Is Yet To Account For Nearly $1.25B Worth Of BTC

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 … Read more