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$1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus
15.5.2022
The dangers posed by stablecoins to the traditional market cannot be dismissed due to Tether's exposure to the U.S. credit system
Biggest Movers: LUNA Climbs 1,500% Following Do Kwon Tweets, While AVAX and NEAR Fall on Saturday
14.5.2022
Following tweets from Terra founder Do Kwon, LUNA surged by over 1,500% on Saturday. However, with several exchanges halting deposits, only those who entered at the very bottom have seen these gains. This comes as AVAX and NEAR both fell by over 20%. Avalanche (AVAX) Although LUNA was undoubtedly...
Do Kwon: ‘I Am Heartbroken’ Over Pain Caused by UST Collapse
14.5.2022
The admission comes after the stunning demise of the Terra blockchain’s flagship project
Lego Star Wars Becomes First Non-Nintendo Game To Top Switch Charts In Over A Year
13.5.2022
Lego Star Wars: The Skywalker Saga did something very few games have done over the last few years: It topped April’s NPD Switch sales chart, becoming the first non-Nintendo published game to do so in over a year. And Skywalker Saga not only topped the Switch sales charts last month, but the charts...
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...
Biggest Movers: SHIB, DOT Nearly 30% Higher, as SOL Also Surges
13.5.2022
Cryptocurrency markets were mostly in the green on Friday, as DOT was up by nearly 40%, moving away from an 18-month low. Although SOL, AVAX, and MATIC all rose by over 20%, it was SHIB that was one of the standout gainers in today’s session. Polkadot (DOT) DOT was one of today’s...
Bitcoin, Ethereum Technical Analysis: ETH, BTC Surge Over 10% as Big 2 Lead Crypto Rebound
13.5.2022
As LUNA’s life support was all but switched off on Friday, BTC and ETH rallied, with prices climbing by as much as 10%. Today’s price surge saw bitcoin climb above $30,000, with ETH once again trading above its $2,000 level. Bitcoin Bitcoin rebounded and was trading higher...
Hong Kong Police Arrest Conman After He Vanished With Over $191K Belonging to a Crypto Trader
13.5.2022
Hong Kong police have arrested a man accused of stealing $191,085 from a cryptocurrency trader in what turned out to be a bogus transaction. No funds were recovered at the time of the suspect’s arrest and investigations are ongoing to determine if the man had accomplices. No Funds Recovered...
Coinbase Sued Over Collapsed Stablecoin, but It's Not UST (Yet)
13.5.2022
At a time when the third-largest stablecoin, terraUSD (UST) collapsed, a group of Coinbase’s clients are suing the crypto exchange over its alleged role in the promotion and trading of GYEN, another stablecoin the plaintiffs claim brought them millions of dollars in losses....
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Elon Musk Puts Twitter Take Over on Hold, Twitter Shares Tank
13.5.2022
Tesla CEO Elon Musk has stated that the $54.20-a-share deal to takeover Twitter is on hold, due to media reports around spam bots
Derivatives' Old Guard Fights FTX Chief Over Plan to Cut Out Middlemen
12.5.2022
FTX chief Sam Bankman-Fried spent hours before U.S. lawmakers Thursday defending his request to allow customers to directly clear margin-backed crypto derivatives. The existing derivatives industry and its allies argued he’s seeking a power that could stretch well beyond crypto
SEC Chair Gensler: Crypto Exchanges Are Trading Against Their Customers Often
12.5.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says cryptocurrency exchanges are “trading against their customers often because they’re market-marking against their customers.” He has raised concerns over crypto trading platforms...
Biggest Movers: AXS Jumps Over 20%, as MATIC Falls to 13-Month Low
12.5.2022
Despite the majority of tokens trading in red on Thursday, AXS was up by over 20% in today’s session. While LUNA dropped below $0.01 earlier today, MATIC was another notable crypto to fall, dropping to its lowest point since last April. Axie Infinity (AXS) AXS was one of the biggest gainers...
Bitcoin, Ethereum Technical Analysis: BTC Slips to Its Lowest Point Since December 2020
12.5.2022
Bitcoin fell below $30,000 for the second time this week, however today’s plunge saw prices fall to their lowest level since December 2020. BTC hit a low around $26,000 on Thursday, whilst ETH moved below $2,000 for the first time in over a year. Bitcoin Following a slight rally...
Tether to move over 1B USDT from Tron to Ethereum and Avalanche
12.5.2022
One billion USDT will be transferred to the Ethereum blockchain, while another 20 million USDT will go to Avalanche
Russian Crypto Mining Giant Bitriver Considers Challenging US Sanctions
12.5.2022
Russia’s Bitriver, one of the largest operators of crypto mining data centers, may take legal action against the U.S. over the decision to place it under sanctions. The company insists it does not help the Russian government to circumvent international restrictions. Bitriver Rejects...
Masterminds Behind South African Bitcoin Ponzi Scheme Told to Pay Back Over $291 Million
12.5.2022
Masterminds of one of South Africa’s biggest bitcoin Ponzi schemes, Mirror Trading International (MTI), have been asked by the scheme’s liquidators to pay back over $291 million to cover the scam operation’s debts. Liquidators’ Influence Liquidators of the South African...
Could the SEC case against Ripple falter over a conflict of interest?
12.5.2022
Newly discovered documents suggest a possible conflict of interest from a former SEC official when he made a speech about Ethereum which some claim could jeopardize the SEC’s case against Ripple
Independent Russian News Site Meduza Raises Over $200,000 in Crypto
11.5.2022
Pressure from the Kremlin and sanctions from the West have forced Russian news outlet Meduza to increasingly rely on cryptocurrency donations to fund its independent journalism. As the restrictions imposed over Moscow’s invasion of Ukraine have prevented its Russian readers from contributing...
Biggest Movers: SOL, NEAR, and AVAX Drop More Than 20% Lower on Wednesday
11.5.2022
Solana, NEAR and AVAX were all trading over 20% lower on Wednesday, as global crypto markets continued to fall on hump-day. The cryptocurrency market cap is currently down 6.35%, as traders continued to digest the recent crash in the price of LUNA and UST. Solana (SOL) Solana was down by over...