Dollar Gains Near Two-Decade High on Monday
16.5.2022
The US Dollar has gained a stronger momentum at the beginning of the week against its peers to near the 20-year high mark. The currency was last seen trading at 104.54 in the index, having crossed 105 for a moment at the end of the previous week. Investors sought safety amid rising concerns about...
Elliptic’s Report Reveals Details About Terra’s BTC Treasury
16.5.2022
Elliptic, a well-known blockchain analytics and intelligence firm, released a report explaining the situation regarding Luna Foundation. The report highlighted how LFG’s Bitcoin stash was bought to collateralize the UST stablecoin. The project purchases around 80,000 Bitcoin in 2022 until...
Decentralized Identity Is Set to Revolutionize Daily Living
16.5.2022
Our sense of identity is a fundamental part of who we are, shaping everything from our thoughts and emotions to our actions and relationships. Identity allows us to interact with one another and build trust with other people and make informed decisions. Digital identity, in particular, is a rapidly...
Fantom Stablecoin DEI Becomes Latest to Lose Dollar Peg
16.5.2022
DEI lost as much as 46 cents in European hours this morning. It follows a trend of several algorithmic stablecoins losing their pegs
Horror Ape Club Debuting With Giveaways of 26 NFTs on Telegram
16.5.2022
Horror Club recently conducted a giveaway event with several projects from the BNB Chain. The event took place on Horror Ape Club’s Telegram channel, and it gathered more than 150 participants trying to win multiple popular NFTs. The event was intended to bring together BNB projects and NFTs...
Japan’s Nomura Said to Launch Crypto Unit With DeFi and NFTs on Menu: Report
16.5.2022
Bitcoin and Ethereum Look for Direction, ADA and SOL Trimmed Gains
16.5.2022
Bitcoin price started a downside correction from the USD 31,500 zone and declined below the USD 30,000 support zone before recovering. It is currently (11:29 UTC) trading near USD 30,100 and is almost unchanged in a day. It’s still down 12% in a week....
Read More: Bitcoin and Ethereum Look...
Solana Bounces Back From Lows; Can SOL Sustain It?
16.5.2022
Solana stands at the $53 level, with volatility projected to continue for some time. Solana maintains its 8th position on market capitalization even today, while ETH and ADA remain ahead of this new-age crypto chain. SOL is down by 70% over the last year, but it could soon become the eye candy...
Morgan Stanley Says NFTs Next to Watch After UST Collapse
16.5.2022
Most speculative and leveraged areas of crypto markets now in focus, the bank’s analysts said
David Marcus Launches Bitcoin Payments Startup Lightspark
16.5.2022
David Marcus, former cryptocurrency head at Meta, is launching Lightspark, another payments company that will use crypto as its central payment tool. The startup, which will have Marcus at the helm as CEO, also features some of Meta’s former employees and will explore the possibilities...
Bitcoin Sees Seven Straight Weeks of Losses For the First Time
16.5.2022
Fears of inflation and poor macroeconomic sentiment have caused bitcoin to fail as an inflation hedge in recent weeks
Crypto Hedge Fund Elwood Closes $70M Funding Led by Goldman Sachs and Dawn Capital
16.5.2022