Without divulging any names, a South Korean media agency reported that the Seoul Southern District Prosecutor’s Office’s Joint Financial and Securities Crime Investigation Team has banned a key Terra designer from leaving the country. The team has been investigating Terraform Labs, its employees, and founding members after the stunning collapse of TerraUSD (UST) and its...Read More
After a record-breaking string of declines, the former BitMEX CEO – Arthur Hayes – has given yet another dire outlook on where crypto is headed. In the latest Twitter thread, Hayes said that the respite might be brief, and forced selling in the short-term may drag the entire market down. The former exec predicted the...Read More
The crypto world is no stranger to market manipulation. In fact, it’s something that happens on a regular basis. The most recent example is the story of BitConnect, which promised guaranteed returns of up to 40% per month. Of course, this was too good to be true and the platform eventually collapsed, taking billions of dollars worth of investor money with it....Read More
Prominent DeFi protocol Bancor suspended its Impermanent Loss Protection program, citing “hostile market conditions” and “manipulative behavior” as the main causes behind the action. Assuring users and investors that it’s only a temporary measure, Bancor noted that all funds on the protocol are secure, and trading remains active on all liquidity pools. Impermanent Loss As...Read More
ProShares – the leading Bitcoin ETF provider in the United States – has announced that it will launch the country’s first short-linked Bitcoin ETF on Tuesday. This will allow investors to gain short exposure to the leading cryptocurrency, effectively betting against the asset’s performance. Hedging Against Bitcoin In a press release from ProShares, the Bethesda...Read More
Several projects have shown substantial growth in the past 24 hours, with cryptocurrency markets recovering from this weekend’s selloff. Some Metaverse and NFT projects gained over 45% today, signaling plenty of momentum and traders waiting on the sidelines, ready to buy the dip. Today we look at the top two Metaverse crypto coins gaining the...Read More
Due to the high level of interest among developers, Lisk has decided to prolong its Grant Program for another round. Lisk is a big believer in fostering outstanding ideas and potential teams in order to accelerate blockchain adoption. As a result, the Lisk Grant Program’s expansion continues to provide startup teams with all of the...Read More
As recession fears pushed stock markets and cryptocurrencies to two-year lows last week, things are looking better this Juneteenth, as a federal holiday observes the end of slavery in the United States. Stock markets are closed today, which provides an extra day for cryptocurrencies to show bullish momentum and regain some of their prices. However,...Read More
Bybit has joined other crypto companies in reducing their staff following the massive market-wide retracements. Previous such examples included Coinbase, CryptoCom, and BlockFi. At the same time, the exchange announced the launch of its grid trading bot. Bybit Slashes Off Staff Members With rumors circulating that the popular crypto exchange has joined the likes of...Read More
Ethereum‘s price recently showcased some strength and recorded some short-term bounce that uplifted the price above $1100. However, the false weekend jump that recovered nearly 25% of the losses could all go in vain as the asset is about to drop hard marking new lows very soon. Interestingly, the buyers and the sellers are in...Read More
The bloodbath that brought BTC down from $21,000 to below $18,000 during the weekend has resulted in the largest USD-denominated realized loss for bitcoin investors. Interestingly, long-term holders were among the most active sellers, some of which realized losses in excess of 70%. Largest USD-Denominated Realized Loss Streak After registering the longest negative streak in...Read More
[PRESS RELEASE – Please Read Disclaimer] Huobi Global, a world-leading cryptocurrency exchange, has just launched a campaign to recruit Experience Ambassadors from its user base to further enhance its user experience. Under the rules of the event, participants who submit constructive feedback such as suggestions to improve the user experience of the exchange may receive...Read More
The Middle Eastern nation has gone against licensed crypto miners and will shut down all 118 legal ones in two days, according to a recent report. The country’s authorities have already done something similar in the past, citing the growing electricity demand during the summer. In an interview with a state-owned TV, reported by Bloomberg,...Read More
A week after halting withdrawals, among all other services, the team behind Celsius has suspended some of its online engagement programs, including AMAs. At the same time, the project promised to be working with regulators to find a solution for the ongoing issues. The latest update shared by Celsius reads that the team’s objective has...Read More
The Swiss luxury watchmaker – Tag Heuer – said it will help its clients “stay in tune” with the rapidly changing world. As such, the company introduced a smartwatch feature that allows customers to show off their non-fungible token (NFT) collections. Diving Into the NFT Universe Last month, Tag Heuer teamed up with Bitpay to...Read More
