DApp discovery and analysis platform DappRadar released a detailed report analyzing the state of the crypto market in May. It mainly covered three areas: DeFi, NFT activities, and crypto games, stating that the Terra debacle did not destroy the overall DeFi ecosystems. NFT trading volume was only down 6% from April if measured in token...Read More
Lido Staked Ethereum (stETH), a DeFi Ethereum derivative, has significantly diverged in the last 48 hours. The coin, which is intended to be pegged to ETH 1:1, is currently trading at $1,473 and has dropped by 7% in the last 24 hours. ETH, on the other hand, is currently trading at $1,536. Since late Thursday,...Read More
The global media company Forbes questioned 65 of the world’s wealthiest people to find out what chunk of them are part of the cryptocurrency ecosystem. Per the results, 30% have directly or indirectly invested in digital assets. Billionaires Like Crypto More Than Non-Billionaires Some of the wealthiest individuals like Warren Buffett and Jamie Dimon are...Read More
While the general cryptocurrency market has been in the red for most of 2022, recent reports reveal that more traditional hedge funds are still investing in digital assets, with the number of such entities estimated to reach 300. More Traditional Hedge Funds Getting Into Crypto According to the 4th Annual Global Crypto Hedge Fund report...Read More
The recent price plunge of cryptocurrencies has alarmed global authorities about the risk in some projects – like Terra’s ecosystem. In the context that regulatory overhauls targeting the industry may be around the corner, the Central Bank of Canada also voiced the urgency of imposing such rules before the sector has become so big that...Read More
Huobi, the near-decade-old cryptocurrency veteran, has established a new investment arm, called Ivy Blocks, that will focus on supporting the growing ecosystems of decentralized finance and Web 3-based blockchain protocols. The official press release reads that the new feature will “focus on identifying and investing in promising blockchain projects to help unlock their growth potential,...Read More
[PRESS RELEASE – Please Read Disclaimer] Singapore, 10 June, 2022 –Bitget, the world’s leading social trading and copy trading platform, is pleased to announce that King’s Cup Global Invitational (KCGI) 2022, its biannual global crypto futures trading competition, has closed with a total of 4,754 trading enthusiasts that joined the competition. The KCGI competition is...Read More
[PRESS RELEASE – Please Read Disclaimer] A truck loaded with rice, flour, oil, salt, and other daily products departed from Manila, the Philippines’ capital, and drove slowly towards a fisher village in Bulacan on the outskirts of the city. As the road became worse and rocks appeared, the volunteers started to see shabby houses… On...Read More
This weekend is rough for the global crypto market as it’s nearing a year low. Bitcoin struggles to hold support, dipping below $19k, and Ethereum is facing significant bearish pressure as the ETH price is down 10%, currently trading at $1,500. As Terra 2.0 (LUNA) is considered an altcoin, it’s no surprise that LUNA is...Read More
Multi-national IT services giant Accenture published a new survey analyzing wealthy Asian investors’ portfolios on digital assets, noting that a majority of them are interested in directly or indirectly holding cryptocurrencies. The survey was conducted on the basis of 3,200 participants – from Hong Kong, India, Indonesia, Japan, and more – who have investable assets...Read More
The global crypto market jitters over the US inflation rate accelerating to a new 40-year high. Despite Friday’s sell-off, The Bitcoin Fear & Greed Index saw a modest rise during early Asian trading hours. The bearish session saw bitcoin fall to sub-$29,000 before finding support. With the Bears over the control, Bitcoin has experienced a...Read More
Stablecoin issuer and fintech company, Circle, has announced the signing of a definitive agreement to acquire Cybavo, a crypto infrastructure platform based in Taiwan. As part of the move, Circle will continue to invest in, develop, and operate the Taiwan-based company products and services and add them as a new product pillar. With Cubavo, Circle...Read More
