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UST Backer LFG Seeks $1B to Shore Up Stablecoin Peg: Report
10.5.2022
The funding comes as the dollar-pegged stablecoin dropped as low as $0.60 yesterday amid broader market turmoil
Market Wrap: Altcoins Outperform as Bitcoin Stabilizes Around $30K
10.5.2022
Bitcoin (BTC) and other cryptos stabilized on Tuesday amid rising correlations with stocks. Altcoins such as MATIC rallied over the past 24 hours, indicating a greater appetite for risk among short-term traders
Coinbase Q1 Revenue Misses Estimate, Trading Volumes Fall From Previous Quarter
10.5.2022
The U.S. crypto exchange's trading volumes declined from $547 billion in the previous quarter to $309 billion
Past-Peak Inflation Might Be Misleading as Price Pressures Continue to Mount
10.5.2022
As inflation peaks, bitcoin traders should be wary of reading too much into data
Environmental Groups Call on US Government to Implement Stringent Bitcoin Mining Regulations
10.5.2022
Local and national activists are banding to limit what they consider are the industry's adverse effects on the environment
Can You Really Build a ‘Crypto Empire’ in the Empire State?
10.5.2022
Can you really build a crypto empire in New York? New York City Mayor Eric Adams wants to lure crypto companies to the Big Apple – but there are a host of obstacles in his way
Bitcoin Is Down, but You Don't Have to Be
10.5.2022
Bitcoin Holding Support at $30K, Resistance at $35K
10.5.2022
Bitcoin (BTC) is stabilizing around $30K, which is the bottom of a year-long trading range. There are initial signs of capitulation, evidenced by an uptick in volume, albeit not as extreme as previous sell-offs. Upside remains limited
Argentina Bears Down on Crypto Miners Amid Power Shortage
10.5.2022
Some registered companies saw a 400% increase in their electricity bills in March, while unregistered miners do not plan to stop using subsidized residential tariffs
EU Ban on Tax-Haven Crypto Firms Could Breach Trade Law, Commission Warns
10.5.2022
Lawmaker proposals to blacklist non-compliant firms are getting a rough ride as the landmark crypto legislation reaches its final stages
Katie Haun’s VC Firm Leads $11M Round for Web 3 Community Platform Highlight
10.5.2022
Highlight offers a no-code toolkit for creators to easily build NFT-based Web 3 communities
Paradigm Enters Africa With $30M Round for ‘Super App’ Jambo
10.5.2022
The Congo-based startup is building a platform for Web 3 user acquisition
ApeCoin for All? Co:Create Raises $25M to Help NFT Projects Launch Tokens
10.5.2022
The funding could lead to big-name NFT projects following in the footsteps of Bored Ape Yacht Club
UST Woes Draw Spotlight in Janet Yellen's Senate Hearing on Financial Risks
10.5.2022
U.S. Treasury Secretary Janet Yellen focused on the ongoing distress of stablecoin UST during testimony before a U.S. Senate panel on Tuesday, just hours after the purportedly dollar-pegged token plummeted to a low of $0.65 and at least one platform halted trading
Cipher Mining Raises 2022 Hashrate Forecast by 0.5 EH/s
10.5.2022
The firm attributed the increased hashrate guidance to improved machine allocation from rigmaker MicroBT
Michael Saylor Suggests MicroStrategy Will Never Sell Its Bitcoin
10.5.2022
Founder and CEO of business-intelligence software company MicroStrategy (MSTR) Michael Saylor has suggested there is no need for the firm to sell the large quantity of bitcoin it has accumulated
SPiCE VC Launches $250M Blockchain Fund Targeting Institutional Investors
10.5.2022
The firm previously raised $50 million for a tokenized fund focused on financial verticals, but its second fund will invest more broadly
UK Promises New Laws to Promote, Seize Crypto
10.5.2022
Prince Charles promised legislation on economic crime and financial services as he formally opened a new session of parliament
Dapper Labs Debuts $725M Ecosystem Fund for Flow Blockchain Development
10.5.2022
A16z, Coatue and Union Square Ventures are all committing money
Boba Network to Offer Lower Gas Fees on Ethereum via BOBA Token
10.5.2022
The network has implemented single-token gas payments on its blockchain, allowing users to pay 25% lesser in gas fees if they use BOBA instead of ether