United Arab Emirates (UAE)’s leading flag carrier, Emirates Airline, is all set to dive into the digital asset space by leveraging cryptocurrencies, NFTs, and the metaverse. The entry is part of its strategy “to connect with customers in a faster and more flexible way,” said the report. Embracing Bitcoin, NFT, and Metaverse Emirates will start...Read More
Japanese financial services giant Nomura has launched bitcoin derivatives for its institutional clients. The first trades were executed by Cumberland DRW on behalf of Nomura on the CME. Over-the-Counter BTC Futures and Options Nomura’s over-the-counter bitcoin futures and options will be available to institutional clients. They will be non-deliverable and have to be settled in...Read More
BitRiver – Russia’s largest data center services provider – is pondering over filing a lawsuit against the US Treasury Department for adding the company to the sanction list last month. Besides, the firm accused the US of breaching WTO rules through the act of promoting unfair competition and lobbying for the US mining industry. BitRiver...Read More
Terra co-founder Do Kwon has unveiled a revival plan for the Terra community, which will involve abandoning the UST stablecoin entirely. Instead, he suggests that validators reset network ownership under a new token by forking the chain, and distributing it to fairly compensate all damaged parties. UST Has Failed, says Do Kwon In a forum...Read More
Ethereum whales have registered a sharp uptick in activity in the past few days, making nearly 2,600 transactions worth over $1 million each yesterday alone. This is the highest number of such transaction activities in a day since January. 🐳 #Ethereum‘s whales have been extremely active today, firing off 2,596 transactions valued at $1M or...Read More
In the aftermath of Terra (LUNA)’s price collapse, multiple crypto exchanges have begun preventing users from buying or selling the token. However, Crypto.com has taken measures a step further, opting to reverse LUNA trades taking place in a certain time frame on May 12th. In an “important update” on Friday, CryptoCom claimed that users who...Read More
After a tumultuous couple of weeks with bearish pressure causing the majority of cryptocurrencies to extend to the downside, Bitcoin today, May 13, has reclaimed the crucial $30,000 level. Cryptocurrencies across the board were rebounding from brutal sell-offs in this week’s crypto bloodbath. Cardano (ADA) Founder Charles Hoskinson in a recent video says, large corrections are routine...Read More
After resuming its blockchain several hours ago and activating the network again, Luna continues its downwards spiral, closing in on Shiba Inu prices. The cryptocurrency lost billions in market capitalization within a few days, leading to one of the biggest market collapse crypto markets have seen to date. Investors are troubled, and many declare Luna...Read More
The most primitive crypto Bitcoin is yet again standing strong quashing all the FUD’s created on its way towards superiority. The asset withstood multiple external FUD’s like ban, regulation, stock market turbulence, negative mentions, etc and the very recent one of a whale dump. No doubt the asset faced extreme plunge for a while but...Read More
Popular British YouTuber and rapper JJ Olatunji, commonly known as KSI, recently revealed that he has lost over $2.8 million in LUNA following the cryptocurrency’s freefall over the past few days. LUNA, the native token of the Terra ecosystem, was designed to help maintain the $1 peg of Terra’s algorithmic stablecoin, UST. But when the...Read More
After halting the blockchain for roughly 10 hours, Luna Terra officially resumed its block production approximately an hour ago, enabling traders to move their LUNA off exchanges and encouraging users to bridge off-chain assets, such as bETH, to their native chains. The tragic turn of events causing thousands of users to lose more than 99%...Read More
Sam Bankman-Fried, the CEO of leading crypto exchange FTX, has purchased a 7.6% stake in the online trading platform Robinhood. According to a Thursday filing with the US Securities and Exchange Commission (SEC), the billionaire’s shares are worth $648 million, purchased at an average price of $11.52. Of note, the deal involved Emergent Fidelity Technologies...Read More
Bitcoin core maintainer Michael Ford (AKA fanquake) has recently joined the Bitcoin development organisation Brink. Please see the announcement below: Brink is excited to announce a developer grant for @fanquake to join us in our London office. He will be continuing his maintainer role as well as other projects that he outlines here:https://t.co/orSueIwjKf — Brink...Read More
Elon Musk informed that his acquisition of Twitter had been delayed because of issues related to fake accounts and scams on the popular social medial platform. The CEO of Tesla and SpaceX made the news in April when it became known that he had purchased a 9.2% passive stake in Twitter. Shortly after, he dabbled...Read More
David Marcus has announced the launch of a new company called Lightspark, which aims to expand on the utility and capabilities of Bitcoin. This comes months after he left Meta’s cryptocurrency attempt – Diem – where he spearheaded the project. Marcus announced the news in a tweet thread on Thursday (May 12, 2022), stating that...Read More
The Crypto mom, Hester Pierce said that Stablecoins regulatory moments should be allowed for trial and error and, also a room for failure. Hester Pierce, the SEC’s commissioner, has backed a regulatory framework for stablecoins. She also hosted an online panel on May 12th by financial think-tank the official Monetary and Financial Institutions Forum(OMFIF). Pierce,...Read More
Following the recent fiasco, in which Terra and its two native cryptocurrencies plummeted in value, the organizations behind the project said they will seek outside help. One of the first legacy financial companies that stepped up to offer assistance is the Swiss asset manager – GAM Holding AG. The official press release by the 40-year...Read More
Peirce, also affectionately known as ‘Crypto Mom,’ said that there might soon be movement on stablecoin regulations in the U.S. The comments came at an online panel debate hosted by the London-based Official Monetary and Financial Institutions Forum (OMFIF) policy think tank on May 12. “One place we might see some movement is around stablecoins,”...Read More
The new government of South Korea will reportedly finalize the regulatory framework on the local digital asset ecosystem next year and enforce it in 2024. The legislation will aim to incorporate cryptocurrencies like bitcoin into the country’s institutional system. In addition, the authorities have greenlighted the Bank of Korea’s efforts to launch a CBDC in...Read More
