The unknown person visiting Terraform Labs’ founder, Do Kwon, has been identified and later arrested. According to a BBC News report, an AfreecaTV streamer who goes by “Chancers” was the desperate man who knocked on the controversial exec’s home earlier this month. The social media personality made quite a fortune after entering the digital asset...Read More
Crypto exchange Bybit collaborated with blockchain analytics platform Nansen to publish another monthly report on the state of the crypto industry. It focused on the broader market condition, DeFi activities, and NFT markets. The paper regarded Terra’s notorious collapse as fundamentally destructive to the nascent crypto community but beneficial to other Layer-one competitors since they...Read More
Bridgewater Associates founder Ray Dalio confirmed on Tuesday that a “tiny percentage” of his portfolio is allocated to Bitcoin. He acknowledged how it could play a special role in today’s worldwide inflationary environment, among a broader set of safe-haven assets. Cash is Still Trash In conversation with CNBC’s Andrew Sorkin, Dalio reiterated his “cash is...Read More
South Korean police are reportedly looking to freeze assets associated with the non-profit organization Luna Foundation Guard (LFG) following the eventful collapse of Terra (LUNA). According to South Korea’s national broadcaster Korean Broadcasting System (KBS), on Monday (May 23, 2022), the Seoul Metropolitan Police Agency asked several exchanges in the country to prevent LFG from...Read More
Two leading South Korean cryptocurrency exchanges, UpBit and Bithumb, have issued a warning for Litecoin after the activation of MimbleWimble Extension Blocks (MWEB). Growing Concerns UpBit revealed terminating “transaction support for digital assets with technology that makes transmission records indistinguishable from the past” while pointing to Korea’s Act on the Reporting and Use of Specific...Read More
The collapse of crypto Luna and its associated terraUSD stablecoin were really Unexpected. As billions of dollars in crypto wealth have been vaporized by their diving shockwaves throughout the market. Looking at the graph of the Cryptocurrency market nowadays, it looks unsafe in all possible directions. As Bitcoin and ether are at their lowest point...Read More
As BTC gets rejected from $30,000 and ETH slides below $2,000, the broader crypto market is deep in the red zone. As of now, half of the top 30 cryptocurrencies are 80% (or more) down from ATHs. Altcoins in Bloodbath After major cryptocurrencies hit ATHs last November, with Bitcoin touching the $69,000 level at one...Read More
India’s banking sector regulator used the market crash to support his argument that crypto has no underlying value and justify his stance that it can be a threat to financial stability. RBI Justifies Not Regulating Crypto Reminding his often repeated caution to the people, Reserve Bank of India (RBI) Governor Shaktikanta Das said that had...Read More
[PRESS RELEASE – Please Read Disclaimer] With Kriptomat’s updated Recurring Buy feature, investors can set up dollar cost averaging in seconds using credit cards. Kriptomat has added an automated recurring purchase feature to its toolkit for crypto investors in Europe and around the world. The updated Recurring Buy feature allows investors to define a quantity...Read More
Coinbase is pleased to announce the international expansion of the Travel Rule Universal Solution Technology (TRUST), a global, industry-driven solution designed to comply with a requirement known as the Travel Rule while protecting the security and privacy of customers. In February of this year, TRUST launched in the United States. Since that launch, TRUST has...Read More
Amid fears of recession and rising inflation, the cryptocurrency industry witnessed the entry of many new participants who bought digital assets to diversify portfolios. But the latest declines are hitting them hard as the space continues to move in lockstep with stocks and bonds. Increasing Correlation During Market Stress The European Central Bank (ECB) has...Read More
Despite the recent uncertainty and unfavorable market sentiment, Coinbase has climbed into the list of the Fortune top 500 firms. The exchange registered one of the most significant yearly increases in profits and revenue compared to the previous year. Started in the 1950s, the Fortune 500 list is an annually-published ranking of the largest US...Read More
Anchor Protocol (ANC) Anchor Protocol’s recent market bullish sentiments are rising and were intending to outperform the entire crypto space earlier. And hence currently it appears that The asset is currently up by more than 78%, while the broader markets are experiencing extreme selling pressure. Over the past couple of days, ANC price earned a...Read More
[PRESS RELEASE – Please Read Disclaimer] In the initial stage of the blockchain industry, the priority for many stakeholders was simply getting their feet in the door. This means attracting more people to the blockchain industry, securing mainstream acceptance, and so on. Now, over a decade since the inception of Bitcoin, these priorities have changed....Read More
American multinational e-commerce company, eBay has forayed into the NFT space after dropping a hockey-themed collection in partnership with OneOf, a green Web 3 company. The NFT collection of 13 limited-edition digital collectibles, dubbed “Genesis,” will have four tiers – green, gold, platinum, and diamond. It will feature 3D and animated interpretations of the iconic...Read More
With the price of bitcoin currently below $30,000, Scott Minerd, the chief investment officer of global investment giant Guggenheim Partners, believes BTC’s value could further dip to $8,000. Bitcoin Price Could Bottom at $8,000 Minerd made the bearish prediction on Monday (May 23, 2022), during an interview on CNBC’s Squawk Box at the World Economic...Read More
A crucial milestone in the US Securities and Exchange Commission’s (SEC) continuing litigation with payments startup Ripple Labs for reportedly issuing XRP as an unregistered securities has been highlighted by a crypto legal expert. John Deaton, an attorney and XRP advocate, has requested to represent 67,000 XRP investors in a letter. The move follows the...Read More
The French fashion brand – Balenciaga – will reportedly embrace cryptocurrencies as a payment method for its products. Initially, the offering will be available at the firm’s US shops on Madison Avenue in New York and Rodeo Drive in Beverly Hills, Los Angeles. Balenciaga Catching the Crypto Wave According to a recent coverage, Balenciaga will...Read More
