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Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD
29.9.2022
Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the currency. Similar to other currencies that have been depreciating against the dollar, the yuan...
Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar
29.9.2022
Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authority (HKMA) revealed it intervened in forex markets on Wednesday. Hong Kong’s central bank...
Maker Price Breaches $720; What Will MKR Be Worth in 2022?
29.9.2022
Maker DAO and its corresponding stablecoin DAI have been under strict scrutiny as LUNA’s stablecoin declines and impact other similar projects. Holding Maker allows you to have a say in the governance of Maker DAO and Maker Protocol by using voting rights for token holdings. In turn, Maker allows...
Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis
29.9.2022
Bitcoin looks suitable for Russia’s crypto cross-border payments at first glance, but there are many reasons why such a choice is highly questionable
M-Ventures Under MEXC Completes Brand Upgrade, with Capital Scale Reaching $200M
29.9.2022
On Sept. 28, during the Token2049 event in Singapore, MEXC Exchange officially announced at the MEXC afterparty “M&M Launcher” that its fund was officially upgraded to M-Ventures and a new management team. The upgraded M-Ventures is a comprehensive fund committed to empowering innovations...
Robinhood and Circle Partner to Let Exchange and Wallet Users Utilize the Stablecoin USDC
29.9.2022
After Robinhood Markets launched the company’s beta Web3 wallet on Tuesday and listed the stablecoin usd coin on the exchange platform Robinhood Crypto last week, the company announced a strategic partnership with Circle Financial. The deal revealed on Wednesday will provide Robinhood Crypto...
Circle Product VP: USDC chain expansion part of 'multichain' vision
29.9.2022
Speaking with Cointelegraph, Circle’s vice president of Product Joao Reginatto emphasized that devs soon won’t care what blockchain they build on, as interoperability will be key
Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Billion in 83 Days
29.9.2022
Just over two months or approximately 83 days ago, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s market capitalization has lost 12.05%. For most of 2022, the second largest stablecoin by market capitalization, USDC has been above...
Korean Authorities Seize $67 Million in Bitcoin Linked to Do Kwon
28.9.2022
The securities violation case surrounding Terra has been complicated even further. The South Korean authorities recently requested KuCoin and OKX to freeze over 3,313 Bitcoin allegedly tied to Do Kwon. The reported BTC amounts to over 67 million dollars as of September 28. The Co-Founder of Terra...
Seed Funding for Bitquery Amounts to $8.5Million, Led by Binance Labs
28.9.2022
Bitquery recently concluded a funding round where it raised an investment worth $8.5 million. The funding round was led by Binance Labs along with Susquehanna, dao5, INCE Capital, DHVC, and angel investors from Google. Funds raised by Bitquery will be used to expand the venture’s data coverage...
UFC fighter El Ninja to become first argentinian athlete paid in crypto
27.9.2022
Beyond the Octagon, Guido Cannetti fights Argentina's 78% inflation rate with USDC stablecoin
Ethereum Price Prediction: Investors Waiting for ETH to Cross $1400
27.9.2022
Many investors speculated Ethereum would hit $2000 after the upgrade, but the recent ETH price movement suggests it will continue the downward momentum for the next few months. The latest CPI report and FED interest rate hike influence the price of cryptocurrencies. Indeed, the Merge upgrade makes...
Cardano bulls run out of steam after Vasil hard fork — 40% ADA price crash in play
26.9.2022
Most Cardano hard forks have preceded ADA price crashes, and Vasil looks no different
Hume Receives Massive Series-A funding of $11.7 Million
26.9.2022
Hume, which in actuality is a start-up Web3 entertainment platform, has been successful in procuring a massive amount of $11.7 million through Series A funding. This amount is to trigger their imminent plans and vision of effectively and properly transferring conventional forms of music right onto...
3 reasons why USDC stablecoin dropping below $50B market cap is Tether's gain
26.9.2022
The stablecoin's top-rival Tether has witnessed growth in its market cap, on the other hand
The biggest Bitcoin fund just hit a record -35% discount — A warning for BTC price?
24.9.2022
Institutional interest in Grayscale Bitcoin Trust continues to dwindle 10 months into the crypto bear market
This Bitcoin long-term holder metric is nearing the BTC price 'bottom zone'
22.9.2022
Bitcoin accumulation is in full swing during the downtrend despite BTC price having more room to drop
Donnie to Launch NFT Marketplace and Collection on $MOVR
22.9.2022
Donnie took to Twitter to announce its plans for launching the first NFT marketplace and generative NFT collection. The launch will be done on $MOVR. Users will be able to buy, sell, and/or trade their non-fungible tokens at Moonsama.com. A total of 500 unique non-fungible tokens will be launched...
Icebreaker and Maple Partner up to Launch $300M Capacity Pool
22.9.2022
Icebreaker recently announced establishing a partnership with Maple to release a 300 million dollar capacity pool. The pool will be used to offer secured debt financing to digital asset infrastructure and blue-chip BTC mining companies. Maple released a string of tweets to inform users about...
Ethereum risks another 10% drop versus Bitcoin as $15.4M exits ETH investment funds
22.9.2022
Macroeconomic factors and centralization concerns are putting pressure on Ethereum's price post-Merge