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Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout
19.6.2022
Amid the crypto market carnage this weekend, another stablecoin slipped below the $1 peg on Saturday, June 18, as the crypto asset called magic internet money (MIM) briefly dropped to a low of $0.914 per unit. The Abracadabra-issued stablecoin dropping in value follows the recent terrausd (UST)...
Biggest Movers: BCH Higher to Start the Weekend, MATIC Hits 15-Month Low
18.6.2022
On a day where bitcoin broke out of its $20,000 support point, BCH bounced on its own floor, climbing higher on Saturday. BCH was up by nearly 7% to start the weekend, whilst MATIC fell to its lowest point since last April. Bitcoin Cash (BCH) Despite yet another red wave in crypto markets...
Ethereum risks another 60% drop after breaking below $1K to 18-month lows
18.6.2022
A 2018-like bearish cycle could have Ether drop toward $420 in the coming weeks
Ethereum sell-off resumes with ETH price risking another 25% decline in June
16.6.2022
Ether price is forming a bear pennant pattern whose profit target comes to be near $850
Large Bitcoin liquidations mean one man’s pain is another man’s pleasure — Time to buy the dip?
15.6.2022
Pro traders were forced to cut their losses after margin and futures markets became over-leveraged, creating a potential entry point for bullish buyers
US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994
15.6.2022
The U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) on Wednesday, and it was the largest increase since 1994. According to the Fed member’s expectations, the central bank will likely add another 1.5 percentage points by the year’s end. Fed Hikes Rate by...
Tron DAO Reserve to Deploy Another USDC 500M to Protect Stablecoin as Depeg Extends
15.6.2022
The Tron DAO Reserve (TDR), the entity in charge of managing Tron-based stablecoins, aims to deploy another USD 500m worth of the stablecoin USD coin (USDC) to defend the peg of its algorithmic stablecoin USDD.
The move comes as USDD, despite being overcollateralized, has plunged to USD 0.96...
Report: South Korean Crypto Exchanges to Create Body to Preempt Another Terra LUNA Type of Collapse
14.6.2022
Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to achieve its objectives by applying standards that are endorsed by the crypto exchanges. Screening...
Another Report Confirms That Criminal Behavior Keeps ‘Dropping as a Percentage of Overall Crypto Activity’
14.6.2022
Global politicians’ claims that crypto is the criminal world’s currency of choice may be wide of the mark, another report reitarates.
The findings were detailed in an annual report by the American blockchain analytics firm CipherTrace, which was bought up last year by the payments giant...
XTRA․FUND – the World’s Only DeFi Platform That Always Rewards, No Matter the Market
13.6.2022
The cryptocurrency Winter is (NOT) here to stay. If the media was any indicator of the current state of the cryptocurrency industry, one would think it was time to “pack up” and find a new technology to invest both time and money into. It is true that the cryptocurrency industry...
Ethereum Steps on Another Delay Bomb
13.6.2022
Ethereum (ETH) developers have decided to once again delay the “difficulty bomb,” a special code in Ethereum that eventually makes it impossible to mine ETH tokens, by another two months.
Core Ethereum developers met on Friday and discussed Ethereum's Ropsten public testnet. After discussing...
US Inflation Spiked 8.6%, Highest in 40-Years — Economist Says We’re Not ‘Seeing Any Signs That We’re in the Clear’
11.6.2022
After April’s consumer price index (CPI) report was published, a number of American economists and bureaucrats said that inflation had peaked and it was possible that inflation would subside. However, statistics from the U.S. Labor Department indicate the CPI increased 8.6% from a year...
Philippines Crypto Wallet Service Provider Coins.ph Partners With the PBA
7.6.2022
Another digital currency firm is making moves into the sports world as the Philippines crypto wallet service provider Coins.ph announced the company has partnered with the Philippine Basketball Association (PBA). The deal is the PBA’s first crypto partnership during its 47th season and...
Biggest Movers: SOL Slips 10% as Crypto Bears Return to Action
7.6.2022
SOL neared a ten-month low on Tuesday, as bears returned to crypto markets during the session. Following a strong start to the week, markets turned red, with AVAX being another token to fall victim to the latest red wave. Solana (SOL) SOL was back in the red on Tuesday, as today’s sell-off...
Bitcoin Miners May Get Another Break This Week as Network’s Mining Difficulty Is Expected to Drop
7.6.2022
Bitcoin miners may catch another break this week as the network’s mining difficulty is estimated to see a reduction tomorrow. Every two weeks Bitcoin’s difficulty adjustment algorithm (DAA) changes, and during the last DAA change, the difficulty dipped by 4.33%. Currently, at...
Time For Another Moebius-Looking Video Game
7.6.2022
The brilliant French artist Jean “Moebius” Giraud had one of the most recognisable art styles around, and while his works have inspired video games for decades—including the ones he worked on directly—few have been able to truly look like one of his illustrations come to life.Read more
The Blame Game Begins as Bored Apes Co-Founder Criticized for Blaming Discord Following Another NFT Exploit
6.6.2022
A co-founder of the popular Bored Ape Yacht Club (BAYC) NFT collection faced a backlash for blaming the Discord messaging platform after ETH 200 (USD 378,000) worth of digital assets were snatched in an exploit.
On Saturday, Gordon Goner wrote on Twitter that Discord “isn’t working for Web3...
Indian Terra Investors Brace for Another Blow After LUNA 2.0 Airdrop Under New Tax Laws
6.6.2022
Terra network coin holders in India are facing a “double whammy” following the LUNAC and UST crash last month – and could be hit with 30% tax bills from the recent LUNA 2.0 airdrop.
The genesis airdrop was made on May 30, with LUNAC holders distributed tokens now known as LUNA. However...
Defi Educator Says $22 Billion in ETH 2.0 Funds Won’t Be Liquid Immediately After PoS Transition
4.6.2022
As Ethereum’s transition to proof-of-stake (PoS) gets closer and the network’s hashrate taps another all-time high, the Ethereum 2.0 contract is close to nearing 13 million ether worth $22.6 billion using today’s ether exchange rates. Moreover, according to a decentralized...
Ethereum’s Hashrate Surpasses Lifetime High as The Merge Gets Closer
4.6.2022
Following the all-time high (ATH) recorded in May, Ethereum’s hashrate has been breaking records again, as it reached 132 petahash per second (PH/s) on Saturday, June 4. Presently, Ethereum’s hashrate is coasting along at 129 PH/s and the network’s top mining pool Ethermine...