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Biggest Movers: AVAX Rebounds on Tuesday, AAVE up Over 10%
17.5.2022
Global crypto markets are up over 2% during Tuesday’s session, with AAVE and AVAX two of the biggest tokens to rise. Both of these cryptocurrencies rebounded from losses during yesterday’s session, with AAVE trading as much 10% higher. Aave (AAVE) AAVE rebounded during...
Square Enix to Reinforce Blockchain Bet, According to Latest Earnings Report
17.5.2022
Square Enix has announced its new mid-term business plan, reinforcing its blockchain pivot according to the documents presented. The company will continue to invest in key companies in the blockchain arena, including Animoca Brands and The Sandbox, and will also consider other investments in...
Terra’s Tendermint Touch — Cosmos-Based Token Economy Hit Hard by LUNA’s Demise
17.5.2022
Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen significant losses. Two months ago, the top Cosmos ecosystem coins...
Twitch co-founder raises $24M for Web3 gaming firm Metatheory
17.5.2022
The funding round led by Web3-focused venture capital firms will be used for upcoming nonfungible tokens, comics and a play-to-earn game slated for late 2022
CZ Says Binance Supports Proposal to Compensate LUNA Retail Users First
16.5.2022
Binance’s Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a $3 million investment in Terra have not been sold or moved. Binance’s LUNA Tokens...
Life-changing money: The 10 most expensive NFTs sold to date
16.5.2022
When nonfungible tokens are raking in incredible prices, have a look at the 10 most expensive NFTs sold to date
Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries
16.5.2022
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to...
CBDC activity heats up, but few projects move beyond pilot stage
16.5.2022
Does government-issued digital money pose an existential threat to cryptocurrencies? Probably not, but stablecoin usage could narrow
Tezos Foundation Launches Fund to Collect NFT Creations by African and Asian Artists
16.5.2022
The Tezos Foundation recently said it has committed $1.23 million to a fund that will be used to collect non-fungible tokens (NFTs) created by African and Asian artists. Photographer Misan Harriman has been selected as the curator of the foundation’s permanent art collection. Supporting...
Square Enix plans to issue tokens and invest heavily in Web3 gaming
16.5.2022
The major game developer is reshaping its business strategy to include a more robust NFT ecosystem by investing in blockchain gaming infrastructure
Utility tokens vs. equity tokens: Key differences explained
16.5.2022
With both types of tokens forming the bulk of crypto-asset purchases, both utility and equity tokens serve different purposes. Read here!
Seaside Resort in Slovenia Promotes Itself With NFTs
15.5.2022
The tourism organization in Portorož, a summer resort on the Adriatic coast of Slovenia, has decided to promote the destination using non-fungible tokens (NFTs). The project represents the digital component of this year’s campaign to attract visitors to the region. Tourists...
Nigerian SEC Announces New Rules Governing Issuance of Digital Assets
15.5.2022
The Nigerian securities regulator has announced new rules that govern the issuing of digital assets. The new rules also include registration requirements for platforms that offer digital assets. Initial Assessment Filing The Nigerian Securities and Exchange Commission (SEC) has announced new rules...
Report: Terra Founder Do Kwon’s Spouse Seeks Police Protection After the LUNA and UST Fallout
14.5.2022
Following the aftermath of the Terra blockchain tokens LUNA and UST losing significant value, reports indicate that the Terraform Labs founder Do Kwon’s apartment was visited by an unidentified person. Do Kwon’s spouse has requested protection from the Seongdong police in Seoul after...
DeFi attacks are on the rise — Will the industry be able to stem the tide?
14.5.2022
Dozens of DeFi systems have been hacked over the past year, and the trend doesn’t seem to be abating
Top 5 Play-to-Earn Games on BNB Smart Chain
13.5.2022
Play-to-earn (P2E) games are gaining popularity as they enable gamers across the globe to earn crypto for playing games online.
Read on to discover the most popular play-to-earn games on BNB Smart Chain.
BNB Smart Chain, formerly known as Binance Smart Chain (BSC), is an Ethereum Virtual...
Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion Disappears
13.5.2022
According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just last week. Of course, the climactic terrausd (UST) failure wiped out billions from the stablecoin economy...
What happened? Terra debacle exposes flaws plaguing the crypto industry
13.5.2022
The downfall of Terra calls into question the real-world utility as well as the long-term viability of algorithmic stablecoins
Diversify Your Crypto Portfolio With These Three Tokens – Mushe (XMU), Uniswap (UNI), Binance Coin (BNB)
13.5.2022
Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
With the rapid growth of cryptocurrencies, many investors are wondering how they can safely diversify their portfolio, without risking too much of their capital. In this article, we will...
Aurora launches $90M fund to finance DeFi apps on Near Protocol
13.5.2022
Aurora, an EVM scaling mechanism on the Near protocol, has launched a $90 million token fund in partnership with Proximity Labs to attract new developers