UST Falls to $0.35, Terra Futures See $106M in Liquidations
11.5.2022
Some 58% of LUNA traders were betting on higher prices even as the tokens fell yesterday
Bitcoin Flirts With $30K During Asia Trading Day as Luna Foundation Guard Fights to Defend UST Peg
11.5.2022
High balances on exchanges due to LFG using bitcoin reserves to defend stablecoin peg, says Glassnode analyst
Indian central bank’s 'informal pressure' disrupted payments: Coinbase CEO
11.5.2022
"I guess we have a concern that [the Reserve Bank of India] may be actually in violation of the Supreme Court ruling," said Coinbase CEO Brian Armstrong
Coinbase Share Prices and Number of Active Users Fall
11.5.2022
Coinbase published its financials for the first quarter of 2022. Investors observed a fall of 12% in the stock price in after-hours trading. Revenue came to $1.17 billion, out of which $1 billion came from the cut in trading fees. $152 million was collected in revenue from subscriptions...
UST and LUNA Keep Collapsing, No Word from Do Kwon on Promised 'Recovery Plan'
11.5.2022
Both terraUSD (UST) and terra (LUNA) still can't find their price bottom today.
UST, the algorithmic stablecoin built on the Terra blockchain, is continuing to collapse on Wednesday, after initially losing its US dollar peg on Monday. The price crash comes as Terra founder Do Kwon has gone...
Saylor Defends Microstrategy’s BTC-Backed $200M Loan
11.5.2022
The business intelligence software provider MicroStrategy recently got a $205 million loan from the Silvergate Bank. The move soon faced criticism from investors as they were concerned about the company’s Bitcoin position during margin calls. Now, CEO Michael Saylor assured that the company...
Cryptocurrency Exchange Kucoin Raises $150 Million in Pre-Series B Funding Round, Reaches $10 Billion Valuation
11.5.2022
Kucoin, a Seychelles-based cryptocurrency exchange, has announced it has raised $150 million in a pre-Series B funding round. The negotiation, which was led by Jump Crypto with the participation of other investors including Circle Ventures, IDG Capital, and Matrix Partners, has conferred...
Lloyd’s-Licensed Broker Launches Crypto Insurance Product
11.5.2022
The Daylight insurance offering for crypto firms begins with technology liability and cyber insurance
New Coinbase Disclosure Reminds Users: 'Not your Keys, Not your Coins'
11.5.2022
Major crypto exchange Coinbase has issued a new disclosure regarding the legal claims of retail users in the event of a bankruptcy event.
In simple words, the disclosure to the US Securities and Exchange Commission (SEC) declared that Coinbase would have the right to hold crypto assets of...
Terra’s LUNA Drops to Under $8 After 90% Weekly Plunge
11.5.2022
Value locked on Anchor, Terra’s largest DeFi protocol, dropped some $11 billion in the past two days
Ukraine’s New Fundraising Platform Accepts Crypto, Allows Donors to Allocate Funds
11.5.2022
United24, a new fundraising platform announced recently by Ukrainian President Volodymyr Zelenskyy, accepts a number of cryptocurrencies, alongside traditional payment methods. The initiative also permits donors to choose how their money will be spent. Kyiv Launches New Platform for Donations Amid...
Nifty News: Azuki founder under fire, CryptoPunk sells for a major loss...
11.5.2022
The founder of the Azuki NFT project has been accused of abandoning three projects and Instagram has partnered with Dapper Labs to roll out Flow NFT support