The leading decentralized exchange – Uniswap – surpassed a lifetime cumulative trading volume of $1 trillion. Uniswap Protocol announced that more than $1 trillion worth of cryptocurrencies have been traded on the exchange since its launch in 2018. 2/ Over the past three years, The Protocol has 🛹 Onboarded millions of users to the world...Read More
The collapse of the much-hyped cryptocurrencies of the Terra ecosystem devastated many investors, but not the investment firms that cashed out right before it all came crashing down. There are many lessons to learn from the failed project as retail traders grapple with devastating losses. Ethereum’s co-founder Gavin Wood said that people should pay more...Read More
After Twitter’s 2022 meeting of shareholders on Wednesday, Jack Dorsey stepped down from the company‘s board of directors. This means that all of the social media giant’s founders have severed their official ties with the business. Dorsey, Elon, and the Board Back in December, Dorsey stepped down as Twitter’s CEO to be replaced by Parag...Read More
The Turkish authorities are reportedly working on a draft bill to set up additional control over the local digital asset market. The legislation focuses on crypto exchanges, too, as they should have a minimum of 100 million liras ($6.1 million) in capital to operate on domestic soil. Regulations on the Way? Turkey and cryptocurrencies have...Read More
The Israeli-American businessman and investor started the firm with his spouse Rebekah and CEO Dana Gibber. On May 24, the company announced that it had raised $70 million in its first major funding round led by a16z. The event was made through a combination of traditional venture equity and a private token sale. Participants included...Read More
After the lesson learnt in the past fortnight, Terra is all set to become the fully-community owned chain to empower the ecosystem. While centralized exchanges like Binance, ByBit, etc are reportedly working closely with Terra for the LUNA 2.0 airdrop. On the other hand, the South Korean exchanges strongly ignore the LUNA 2.0, which may...Read More
El Salvador President Nayib Bukele has clarified that the nation’s Bitcoin law only mandated Bitcoin acceptance among large corporations, rather than small merchants. When the law took effect, its contentious Article 7 hadn’t actually been enforced on anyone. The Nature of Article 7 The Bitcoin law – which made Bitcoin legal tender in El Salvador...Read More
JP Morgan – one of the largest investment banks on Wall Street – sticks to its previous fair-value target for bitcoin at $38,000, meaning that the asset is currently being traded with a discount. The bank believes BTC could recover stronger than other beaten-down assets because it had fallen far deeper amid the correction period....Read More
The Terra Luna 2.0 Revival Plan has officially passed with over 65% voting in favor of the vote, 20.98% voting to abstain, 0.33% voting no, and 13.20% voting no with veto. This means a new Terra chain will be created, and Luna will be airdropped across LUNA Classic stakers, holders, residual UST holders, and essential...Read More
Contrary to the current downturn in the crypto market, Harold Bossé, Vice President and New Product Development and Innovation at MasterCard, is bullish on the prospects of the industry. He said mass adoption of digital assets and blockchain technology is imminent under certain conditions. Millions of People Already Using Digital Assets Bossé expressed these thoughts...Read More
[PRESS RELEASE – Please Read Disclaimer] MemeKong combines the community of meme coins with real-world utility. The team behind the cryptocurrency aims to provide longevity and become the number one meme coin by market cap. The team at Meme Kong is excited to introduce a new cryptocurrency with a mission to become king of all...Read More
Transparency is a “critical” value in the crypto industry, Ripple CEO Brad Garlinghouse has pointed out. Speaking to Fox Business news, the executive said operations clarity has become even more important with the recent “meltdown” of the UST stablecoin. On May 9, UST de-pegged from the dollar, bringing down the whole Terra (LUNA) ecosystem with...Read More
The CEO of cryptocurrency derivatives exchange FTX, Sam Bankman-Fried, believes he would donate anywhere between $100 million and $1 billion during the 2024 United States presidential election campaign. Donation for 2024 US Presidential Campaign In a recent podcast interview with American Journalist Jacob Goldstein, SBF asserted that he would spend something “north of a $100...Read More
While promoting a revived plan to fork Terra with a new token that excludes TerraUSD, Do Kwon is facing legal action in South Korea. After asking cryptocurrency exchanges Upbit, Bithumb, Coinone, Korbit, and Gopax to freeze Luna Foundation Guard assets, South Korean officials are expected to meet with them on Wednesday. The Terra community’s South...Read More
A month after adopting Bitcoin as legal tender, the Central African Republic (CAR) announced its first-ever crypto initiative – the Sango Project – designed to attract business and enthusiasts, take the Bitcoin legacy to the next level, and establish a so-called crypto island Sango with the Metaverse-related elements. An Initiative Set to Attract Investors Worldwide...Read More
On May 24, Mercado Bitcoin, the largest cryptocurrency and digital asset platform in Latin America, announced its partnership with the Stellar Development Foundation (SDF) to participate in the development of Brazil’s CBDC. According to an official post share by the Stellar Foundation, Mercado Bitcoin will work on one of the nine projects promoted by the...Read More
The Circle CEO continued to push the adoption of digital currencies as he viewed cash’s features, including portability, privacy and role in securing individual sovereignty, are what could make digital cash alluring to people. “Cash Is King” In a panel discussion hosted by the World Economic Forum, Circle CEO Jeremy Allaire elaborated his bullish thesis...Read More
