PancakeSwap governance proposal set to cap CAKE supply at 750M
12.5.2022
A snapshot motion issued by the PancakeSwap team received over 11 million CAKE votes since commencement, with the majority of participants favoring the v2 evolution
BNB & Cronos (CRO) Drop to 6-Month Lows as Mushe (XMU) Continues to Make Significant Strides
12.5.2022
If you’ve been in the crypto market this past month, saying it’s been a difficult road is an understatement. Markets are now on a 30% slump from the start; CoinMarketCap shows that only 4% of the top 50 Cryptos have made gains in the past week. The current dip in the market is already making …
LUNA Dives Below USD 0.05, UST Trends Lower Despite New Rescue Plans
12.5.2022
The two most-discussed tokens this week - luna (LUNA) and terraUSD (UST) kept moving lower, despite the team behind these projects announcing "three more emergency actions" in an attempt to save the UST algorithmic stablecoin....
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Dollar Near Two Decade High as CPI Maintains U.S. Rate Hikes
12.5.2022
The greenback has moved aggressively in the market, soaring close to its highest level since 2002. The mitigating CPI rates from April gave this much-needed push. With favoring numbers from the reports, the Federal Reserve decides on aggressive policy changes to keep the momentum. While the market...
Flow Blockchain Announces Fund for the Flow Ecosystem
12.5.2022
Flow Blockchain has dedicated $725 million towards the Flow Ecosystem Fund. The fund has been designed to boost growth and innovation across the Flow Community. The Flow Ecosystem Fund of $725 million is the largest joint commitment toward any blockchain ecosystem. The focus would be to enable...
Terra Proposes Token Burn and Increase in Pool Size to Stop UST Dilution
12.5.2022
Terra believes that decreasing the amount of UST in circulation, while increasing the amount of available LUNA, is the easiest way to return the UST to a peg
Market Panic Puts Tether Peg Under Pressure
12.5.2022
A panic across the crypto market early Thursday morning in Europe put the stablecoin tether (USDT)’s US dollar peg under pressure, with the token trading as low as USD 0.91 on some exchanges. The crash has led some to wonder why arbitrage traders don’t seem to want “free money.”...
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Crypto Banking Platform BVNK Raises $40M to Drive Regulatory Push
12.5.2022
BVNK, a banking and payments platform targeting businesses seeking crypto integration, has raised $40 million in Series A funding
Binance Futures delists coin-margined LUNA perpetual contracts
12.5.2022
Binance suspended withdrawals for LUNA and UST amid the UST stablecoin losing its peg to the U.S. dollar on Tuesday
Terra’s LUNA Has Dropped 99.7% in Under a Week. That’s Good for UST
12.5.2022
The price of LUNA tokens slid 96% in the past 24 hours alone, prompting more to be minted in a mechanism that helped lift the value of UST
Coinbase CEO says funds are safe amid bankruptcy protection fears
12.5.2022
Brian Armstrong, co-founder and CEO of Coinbase, responded to fears surrounding a disclosure that the company made in its recent report
Leaked report: South Korea to establish crypto framework by 2024
12.5.2022
The effort will include issuing guidance for NFTs and ICOs, expanding infrastructure and supporting CBDC research