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Do Kwon's USD 1M Bet Doesn't Look Good as LUNA Crashes
11.5.2022
Do Kwon, co-founder and CEO of Terraform Labs, the entity behind Terra (LUNA), found himself in a peculiar position with his bet that LUNA would stay above USD 88 - as the coin dropped over 90% in a single day.
In mid-March, Do Kwon took a bet with pseudonymous Twitter user Sensei Algod,...
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...
Chinese Banks Launch Automatic Digital Yuan-to-Fiat Conversion Tools
11.5.2022
Chinese banks are exploring new methods of enabling digital yuan users to earn interest on their central bank digital currency holdings – with “smart management” tools that can detect when funds have been left idle for long periods of time....
Read More: Chinese Banks Launch Automatic Digital...
Sand Dollar CBDC Could ‘Foster Financial Inclusion’ in the Bahamas - IMF
10.5.2022
The Sand Dollar, a central bank digital currency (CBDC) developed by the Bahamas, has the potential to “foster financial inclusion and payment system resilience” in the Caribbean nation, a new report from the International Monetary Fund (IMF) has said....
Read More: Sand Dollar CBDC Could...
Conspiracy Theories Abound as Terra Tries to Save UST
10.5.2022
TerraUSD (UST), an algorithmic stablecoin hosted by the Terra network and created by South Korea's Terraform Labs, has once again lost its dollar peg after a wave of sell-offs hit the crypto market.
The stablecoin, which is supposed to maintain a value of USD 1 by creating and destroying supply...
Crypto Listing and Delisting Announcements: Week 19
9.5.2022
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know here....
Luna Foundation Loans Out BTC to Defend Bitcoin Peg, Faces Community Backlash
9.5.2022
The Luna Foundation Guard (LFG), the entity tasked with holding bitcoin (BTC) as part of the reserves backing the TerraUSD (UST) stablecoin, has loaned out USD 750m worth of BTC to a trading firm “to help protect the UST peg.” Confronted with what this really means, Terra (LUNA) founder Do Kwon...
Alipay Provides Digital Yuan Boost as COVID-19 Deals PBoC Blow
7.5.2022
The e-payments giant Alipay, part of the Alibaba business empire, has added an advanced search function for users wishing to use its platform to make payments using the digital yuan within the fast-expanding pilot zone....
Read More: Alipay Provides Digital Yuan Boost as COVID-19 Deals PBoC Blow
Bitcoin and Ethereum Consolidate, WAVES and ZIL Outperform
5.5.2022
Bitcoin price climbed above the USD 39,500 resistance level and tested the USD 40,000 resistance, where it faced sellers. It is currently (11:49 UTC) consolidating gains near USD 39,500 and is up 1% in a day and a week.
Similarly, most major altcoins are consolidating gains. ETH struggled above...
XRP Could Jump Fourfold if Ripple Wins Against SEC - Survey
5.5.2022
The price of Ripple-affiliated XRP could be worth as much as USD 2.55 by the end of the year, provided Ripple wins its ongoing court battle with the US Securities and Exchange Commission (SEC), according to the average forecast by a panel of experts surveyed by comparison website Finder.com....
After Binance Secures French License, New Hires Underway, Hopes for New Permits
5.5.2022
After securing the right to offer its services in the French market, major crypto exchange Binance plans to hire up to 250 employees in France and hopes this new license will help expand in other markets too.
The latest development marks the first time the platform secures such permission from...
Cardano’s Djed Stablecoin Testnet Goes Live, ADA Outperforms
4.5.2022
The smart contract platform Cardano (ADA) launched a testnet version of the new algorithmic and decentralized stablecoin Djed, and is requesting feedback from the public. ADA jumped on the news.
At 14:33 UTC, ADA traded at USD 0.83 and was up 5% in a day, becoming the best performer among...
Elon Musk May Launch Twitter IPO After Takeover - Report
4.5.2022
As Elon Musk is advancing his plan to buy Twitter in a deal valued at some USD 44bn, the Tesla CEO has reportedly told potential investors that the social platform could be returned to public ownership after a few years.
Musk declared that he intended to launch Twitter’s initial public offering...
Bitcoin and Ethereum Try to Recover, APE Pumps and Dumps on Musk’s Move
4.5.2022
Bitcoin price remained well bid above the USD 38,000 level, started a short-term upside correction above the USD 38,500 level, and is currently (11:57 UTC) testing the USD 39,000 level. BTC is up over 1% in a day and 2% in a week.
Similarly, most major altcoins are facing key hurdles. ETH must...
CRO Trims Losses as Crypto.com Scraps Plan to Cut Rewards After Community Backlash
3.5.2022
The crypto platform Crypto.com is again changing its stance on rewards in its own CRO token to cardholders, after a backlash from the community on plans to cut token rewards. CRO trimmed some of its earlier losses following the announcement.
At 13:07 UTC, CRO traded at almost USD 0.30 and...
Bitcoin and Ethereum Consolidate, ALGO’s Rally on Pause
3.5.2022
Bitcoin price remained in a range above the USD 38,000 level. BTC is currently (11:57 UTC) trading near USD 38,500 and facing a couple of key hurdles near USD 39,000 and USD 39,200. BTC is unchanged in a day and down 5% in a week. If there is no upside break, the price could dive below...
Crypto Listing and Delisting Announcements: Week 18
2.5.2022
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know here....
Apecoin to Hit USD 27 by End 2022 - Survey
2.5.2022
The price of less than two-month-old apecoin (APE) might jump from its current level of around USD 15 to USD 27 at the end of this year, according to an average estimate by a panel of fintech industry representatives.
At 12:06 PM UTC, APE traded at USD 15.60 and was down 9% in a day, trimming...
Another Solana Outage Shows That Price Impact Is Minor
2.5.2022
After at least 9 days with reported outages so far in 2022, the price of solana (SOL), the 7th largest cryptoasset by market capitalization, does not appear overly affected by the network troubles, with prices for the most part staying rangebound between USD 80 and USD 120 since late January....
Coin Race: Best & Worst Cryptos in Red April
2.5.2022
After what has been a rather rough period for the crypto market in April, May is finally here, and it is time to take a closer look at which coins fared the worst and the best over the past month....
Read More: Coin Race: Best & Worst Cryptos in Red April