May 14, 2022

VeChain Treasury Held $1.2B in Crypto, Q1 Report States

The VeChain Foundation has published its Q1 report, stating that its treasury amassed $1.2 billion in cryptocurrencies by the end of the quarter, a slight drop from $1.38 billion as recorded in Q4 2021. Surprisingly, the foundation behind VeChain only spent roughly 4.1 million during the first three months of 2022 – mainly for business...
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Crypto Trader Sentenced to 3.5 Years in Prison for $5 Million Fraud

The United States Department of Justice (DOJ) has sentenced a 25-year-old Rhode Island cryptocurrency trader, popularly known as Coin Signals, to 42 months in prison for defrauding over 170 people of more than $5 million. Coin Signals Trader Convicted According to an official press release, the convict, Jeremy Spence, had solicited funds from investors via...
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Chile’s CBDC Should Operate Both Online and Offline Before Launch

The Chilean central bank withdrew its plans to release a CBDC by the end of 2022, saying it will conduct thorough research and additional analysis on the product before moving to its launch. Digital Peso Should Wait Banco Central de Chile published a report focused on the country’s current monetary network and examined the risks...
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LUNA Price Pumping Today, up Over 1700%, Should You Buy The Dip?

After bottoming out at $0.00002835 on May 13th, LUNA Price is pumping significantly today, peaking at $0.0007685, erasing a zero and increasing by over $1700% in the past 24 hours. The cryptocurrency is still down over 99.9% from its high of $116 on April 3rd, but those that bought it last night are seeing significant...
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Terra Luna Officially Dead, Do Kwon Releases More Statements on Twitter

After a coordinated attack last week that de-pegged the TerraUSD stablecoin, LUNA was sent into freefall as more and more coins were being minted to attempt to re-stabilize UST. Unfortunately, this caused a vicious cycle that pushed LUNA’s price to worthless levels, effectively wiping out billions of dollars worth of Terra Luna value. Any investors...
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This May be the Best Time To Accumulate Altcoins But AltSeason May be Deferred 

The altcoins in the recent past have manifested extreme bearish conditions due to the volatility within the crypto space. If the star crypto Bitcoin falls by 1%, the altcoins tend to drop by 10%. And hence now when Bitcoin is below its ATH by more than 60%, major altcoins are nearly 92% to 94% distinct...
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PancakeSwap’s New Proposal Aims to Cap CAKE Supply at 750 Million

Decentralized Finance (DeFi) application PancakeSwap has released a governance proposal that details several goals of its native token, CAKE. It garnered a 98.8% majority across 11 million votes in a voting window of a 24-hour period, while opposition accounted for a mere 131K participants. The second iteration of PancakeSwap’s tokenomics roadmap imposes a maximum supply...
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This is Why Central African Banks Decided To Ban Cryptocurrencies!

Central Africa’s banking regulator sent out a reminder on Friday about its ban on cryptocurrency, Just a week after the Central African Republic made a bitcoin legal tender. The Banking Commission of Central Africa (COBAC) which regulates the banking sector almost in six-nation, Economics and Monetary Community of Central Africa (CEMAC), said that the ban...
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Five US States Issued Order to Stop a Fraudulent Russian Metaverse Project

Five US states announced plans to take immediate action against a Russian organization allegedly selling fraudulent NFTs to US investors for funding a metaverse casino called Flamingo Casino Club. The authorities required the entity to stop selling such digital assets, accusing it of committing fraud and selling unregistered securities. Fraudulent Claims Securities Regulators from Alabama,...
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Blockchain Veteran David Atkinson Joins Locus Chain Project as an Advisor

[PRESS RELEASE – Please Read Disclaimer] The team behind the development of the next-generation blockchain that achieved full decentralization and unlimited scalability, announced that David Atkinson has joined Locus Chain as an advisor. David Atkinson has a strong reputation as a veteran of the blockchain industry as an entrepreneur, ecosystem builder, architect and economy designer....
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Flow Launched a $725M Fund Backed by a16z, DCG, Coatue

NBA Top Shot’s host blockchain Flow announced a new $725 million Ecosystem Fund backed by its parent company’s investment arm, Dapper Ventures, and crypto-focused VCs, including a16z, Coatue, and Digital Currency Group. Dedicated to boosting developments in its ecosystem, the fund will offer investments, in-kind support, and FLOW token grants to eligible developers building applications...
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Brazil’s Leading Financial Broker XP to Launch a Crypto Trading Platform

The Brazilian investment management company – XP Inc. – reportedly joined forces with Nasdaq to launch a cryptocurrency trading platform. Called XTAGE, it should go live by the end of June. Initially, it will enable investors to buy and sell bitcoin and ether. XP Thinks About the Next Five, Ten Years The latest organization to...
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Bitcoin (BTC) $ 69,518.63 0.31%
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TRON (TRX) $ 0.166229 0.71%