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Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value
14.8.2022
2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports...
While Gains Have Been Slower Than Most Crypto Assets, Meme Coin Economy Swells by 24%
13.8.2022
While a great number of crypto asset values have improved over the last month, meme-based crypto assets have also advanced against the U.S. dollar. 53 days ago on June 21, the top meme coins by market valuation were once worth $14.5 billion and since then, the meme coin economy has grown by 24.82%...
Unity Signs Multi-Million Dollar Contract To Help U.S. Army And Defense Agencies
11.8.2022
Popular video game engine Unity has had a lot of bad press over the last year, the result of things like large-scale layoffs and some really terrible comments from its CEO. Today the trend continues, as it was announced recently that the company has signed a new multi-million dollar, three-year...
South Korea Arrests Three in Multi-Billion Dollar Crypto-Linked Probe: Report
11.8.2022
Authorities are reportedly investigating $3.4 billion in "abnormal transactions" involving foreign exchange and crypto investments
These Are the Crypto Economy’s 5 Most Expensive Assets per Unit in August 2022
9.8.2022
On July 18, 2021, Bitcoin.com News researched the top five most expensive crypto assets and at that time there were two digital currencies worth five digits in value, two tokens worth four digits in U.S. dollar value, and one valued at three digits. Today, a lot has changed but currently, bitcoin...
Solana Multimillion-Dollar Hack: Wallet Apps Reveal Vulnerabilities
8.8.2022
The crypto community has been shocked by yet another massive hack. This time, the Solana blockchain, with its SOL making the top 10 coins in terms of market cap, has become a target of crypto abuse. The attack started on late Tuesday, August 2, and went on overnight. As of August 3, over 8,000...
Voyager to Allow Cash Withdrawals for Customers With US Dollars Held in Accounts
6.8.2022
Following the bankruptcy judge approving the release of $270 million in cash deposits, the crypto firm Voyager Digital has announced that it plans to open cash withdrawals starting on Thursday, August 11. After the cash withdrawal gates are open, Voyager customers can withdraw up to $100K in cash...
What will cryptocurrency look like in 2027? Here are 5 predictions
6.8.2022
One year isn’t enough time to witness many fundamental changes, but five years is just enough for everything to change
Nigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings
6.8.2022
After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nigeria has said importers who fail to remit forex earnings may be contributing to the naira’s...
Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product
3.8.2022
On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages...
Banking Platform Galoy Raises $4M for Bitcoin-Backed Synthetic Dollar
3.8.2022
Stablesats lets people use Lightning for everyday payments without exposure to short-term volatility
SOL Token Holds Price Support After Million-Dollar Hack Brings Bad Optics for Solana
3.8.2022
Early Wednesday, an unknown attacker drained at least $5 million worth of SOL and other tokens from Solana digital wallets
Solana Wallets Targeted in Latest Multimillion Dollar Hack
3.8.2022
Non-custodial Solana wallet Phantom appears to be the latest victim of an exploit, with users reporting that their funds have been drained unknowingly
Bitcoin Trades Cautiously Even as Real Yield, Dollar Support Bullish Stance
1.8.2022
The U.S. 10-year real yield has dropped 46 basis points in two weeks, offering bullish cues to risk assets, including bitcoin
Best monthly gains since October 2021 — 5 things to know in Bitcoin this week
1.8.2022
July closed with Bitcoin up almost 17%, but now, analysts are turning to how long the bullish trend can last
Aave DAO Approves the Launch of a Collateral-Backed Stablecoin Called GHO
1.8.2022
On Sunday, the non-custodial market protocol Aave announced that the Aave DAO has approved a new stablecoin for the ecosystem called “GHO.” Aave Companies proposed the stablecoin during the first week of July and the collateral-backed stablecoin will be pegged to the U.S....
While the Bear Market’s Claws Drag ETH Prices Down, Ethereum Network Fees Remain Low
31.7.2022
While ethereum prices jumped 61% higher during the last 30 days, the crypto asset’s U.S. dollar value is still down more than 60% lower than ether’s all-time high recorded nine months ago. Amid the market downturn, the network’s average fees have been lower than $5...
Analysts: BRICS Currency Meant to Rival USD, Trump Warns of Depression as Kiyosaki Predicts Bond Crash, Waits to Buy Bitcoin — Bitcoin.com News Week in Review
31.7.2022
BRICS nations have revealed they’re “creating an international reserve currency” analysts believe is meant to challenge the U.S. dollar and the International Monetary Fund’s Special Drawing Rights (SDR) currency. Further, Donald Trump warns of a depression in the U.S....
Renowned Investor Jim Rogers Warns ‘the Worst’ Bear Market in His Lifetime Is Incoming
31.7.2022
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned that more bear markets are coming and the next one will be “the worst” in his lifetime. Noting that many stocks will go down 90%, he stressed that investors will lose a...
Nigerian Currency Plunges to New All Time Low — Central Bank Blames Speculators
30.7.2022
The Nigerian central bank has accused currency speculators of being behind the local currency’s recent plunge to a new all-time low of N710 against the greenback. The leader of a Nigerian association of bureau de change operators insisted crypto trading may be to blame for the naira’s...