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DeFi Traders Promote Terra’s UST to $10B Market Capitalization
29.12.2021
UST, Terra blockchain’s stablecoin, recently surpassed DAI to become the biggest decentralized stablecoin. In addition, the token has achieved another milestone by reaching 10 billion dollars in market capitalization. CoinGecko, the well-known cryptocurrency pricing website, the UST market breached...
Delta Exchange’s $DETO Rewards: $50 Million Reward Pool with Trade Farming!
28.12.2021
Introduction to Delta Exchange One of the leading crypto derivatives exchanges, Delta exchange, was founded in 2018 with a vision to build the most liquid, advanced, and recognized crypto derivatives exchange for both retail and institutional investors. Delta Exchange is backed by Aave ventures...
North Korea Views its USD 1.7B Crypto Hack Hauls as a ‘Long-term Investment’
27.12.2021
North Korea “has hacked USD 1.7 billion worth of crypto from exchanges,” reports have claimed -and experts say that Pyongyang is going long on its haul of tokens, rather than immediately swapping them for cash....
Read More: North Korea Views its USD 1.7B Crypto Hack Hauls as a ‘Long-term...
Binance Fined $750K in Turkey for AML Violations
27.12.2021
Binance was recently fined in Turkey for violating the region’s anti-money laundering laws. The exchange has to pay 8 million Lira, equalling around 750,000 dollars for the violation. MASAK, the Financial Crimes Investigation Board of Turkey, audited the case. The fine equals the highest possible...
Terra Crosses $12B In TVL, Avalanche At $12B
27.12.2021
Investors have a portfolio to maintain with a huge interest in looking to expand it with other products. The increasing network cost of Ethereum has made it difficult for such investors to explore the much-talked-about sectors, namely, DeFi and NFT. Network congestion has currently been termed as...
Global Debt Reaches a Record USD 226 Trillion
24.12.2021
Vitor Gaspar, Director of the International Monetary Fund (IMF)’s Fiscal Affairs Department, Paulo Medas, Division Chief in the same department, and Roberto Perrelli, a Senior Economist in the IMF’s Fiscal Policy and Surveillance Division, Fiscal Affairs Department._____...
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Bitcoin Jumps Above USD 51K, Ethereum Hits USD 4,100, ADA & LUNA Rally
24.12.2021
Bitcoin price formed a base and accelerated above USD 48,500. BTC bulls pushed the price above the USD 51,000 zone. It is currently (04:18 UTC) up 5% and there could be a minor downside correction.
Similarly, most major altcoins are also rising. ETH increased 3%, is back above USD 4,000...
IOTA Makes a Slight Rebound, Target $1.26!
23.12.2021
Internet of Things Application (IOTA) is a crypto technology that allows transactions between multiple devices. It addresses scalability and fees issues of blockchain technologies. One must verify two previous transactions to submit a new transaction on the IOTA ledger. It uses Directed Acyclic...
Turkish Lira Slump Contributes to Rise in Turkey’s Daily Crypto Trades to Over One Million
22.12.2021
The popularity of cryptocurrencies in economically embattled Turkey has continued to surge with the number of daily trades now surpassing one million, a report has said. This surge in trades has been attributed to the depreciating lira which plunged to a new low against the USD on December 20. Lira...
Mom Starts Crypto Consulting Firm, Makes up to USD 80K per Month
22.12.2021
Brenda Gentry, a 46-year-old mom of two, began to invest in cryptoassets during the early stage of the coronavirus pandemic. Last October, she decided to quit her job as a mortgage underwriter and focus on crypto full-time, building a successful consultancy that Gentry says brings her a hefty...
Bitcoin Nears USD 50K, Ethereum Moves Higher, XRP and LUNA Rally
22.12.2021
Bitcoin price gained pace for a move above the USD 48,500 resistance zone. BTC even cleared the USD 49,200 zone and moved above USD 49,800 before correcting lower. It is currently (04:40 UTC) trading near USD 49,400 and it seems like the price could test USD 50,000 once again....
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Donald Trump Says Crypto Is ‘Very Dangerous’ — Warns of ‘Explosion Like We’ve Never Seen’
22.12.2021
Former U.S. President Donald Trump says that crypto is “a very dangerous thing.” Commenting on cryptocurrencies, he warned of “an explosion someday” that will “make the big tech explosion look like baby stuff.” He also talked about his new social media...
Fantom DeFi Project Loses $30M to a Security Breach
21.12.2021
Fantom-based Grim Finance recently faced a security breach, losing 30 million dollars to a hacker. The unidentified hacker exploited a reentrancy bug in Grim Finance’s smart contracts. As soon as the news of the attack came out, the network’s TVL dipped to 4.2 million dollars from 98.9...
Breaking All Records: VC Funds Injected USD 30B In Crypto This Year
20.12.2021
Venture capital (VC) funds invested some USD 30bn into crypto this year, exceeding almost fourfold the amount recorded in the previous record year of 2018, and injecting more funds into the industry than in all the previous years combined, according to data from financial data and software...
Nansen Raises $75mn in First Stage Funding Led by Accel
17.12.2021
Nansen, a Blockchain analytics startup, secured $75 million in its new investment round headed by Accel with participation from Andreessen Horowitz and Tiger Global, a tech investor on this Thursday. The funds acquired in the round will be used to develop the functionality on the company’s...
Scammers Stole USD 7.7B in Crypto in 2021 Amid Rug Pull Surge - Chainalysis
17.12.2021
Scams continue to generate the largest stream of cryptocurrency-based crime by transaction volume, with more than USD 7.7bn worth of crypto stolen from victims across the world so far this year, according to a recent report by blockchain analysis company Chainalysis....
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USDC Sees Native Launch on Avalanche
17.12.2021
USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge it via Ethereum. Now, Circle, the issuer of usd coin (USDC), will allow users to mint the tokens directly...
Bitcoin-Backed Mortgages Coming to the US and Canada in 2022 as Ledn Raises USD 70M
15.12.2021
A new bitcoin (BTC)-backed mortgage product that allows clients to borrow up to 100% of the value of their BTC stack might be launched in the US and Canada within months by digital asset savings and credit start-up Ledn.
The new mortgage product remains in pilot mode for selected clients...
SHIB Whale Buying Trend Continues with $4.2M Purchase
15.12.2021
Despite the crypto market being in a pinch, whale investors are showing great faith in Shiba Inu. The meme coin has been on a constant buying rally as another crypto whale buys 125 billion SHIB. The Ethereum whale spent over 4.2 million dollars to conclude the deal, as per Etherscan. At the time...
Harry Styles NFT: Colorback Cardigan Sold for Over $7,500 in ETH
15.12.2021
The fashion industry is going all-in with NFT. The latest entrant is the cardigan that Harry Styles sported in February 2020. It became a sensation with people using their imaginations to stitch new products in a similar fashion. The digital version of the sweater is a perfect 3-D replica. It...