The crypto winter could be claiming more casualties among the stablecoin camp. The de-pegging of TerraUSD (UST) on Tuesday triggered market sell-offs, and now Tether (USDT) appears to be losing its footing, having slipped against the U.S. dollar. The algorithmic stablecoin UST is, as the name implies, algorithmically backed. LUNA, the ecosystem’s corresponding token, has sunk over …
Monthly archives: May 2022
Madonna’s nude NFT launch triggers a mix of emotions from the community
The queen of pop has collaborated with record-setting artist Beeple to create a series called Mother of Creation, which includes three nonfungible tokens (NFTs) titled Mother of Technology, Mother of Nature and Mother of Evolution. The NFTs show a 3D likeness of Madonna giving birth to robot centipedes, butterflies and trees. As the markets went …
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ApeCoin rebounds after APE price crashes 80% in two weeks: Dead cat bounce or bottom?
ApeCoin (APE) has undergone a sharp recovery after falling to its lowest level in two months. But its strong correlation with Bitcoin (BTC) and U.S. equities amid macro risks suggests more losses could be in store. APE rebounds after 80% losses in two weeks APE rebounded by nearly 45% to $7.30 on May 12. The …
Bitcoin’s Fall Under $28K Triggers Another $1.2 Billion Liquidations
The total crypto market cap is down over 13% in the past 24 hours Bitcoin fell as low as $26,000 for the first time since December 2020 Tether slightly depegged amid the ongoing market crash and UST debacle Over $300 Billion was wiped out from the crypto market over the past two days alone The …
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Terraform Labs Plans to Burn Over $1 Billion UST As LUNA Falls Below 10 Cents
LUNA creator Terraform Labs released an action plan to combat the current crisis The protocol will burn its UST holdings to reduce liabilities UST on the Ethereum network will also undergo a burn 240 Million LUNA will be staked to safeguard the Terra ecosystem The plan comes a few hours after CEO Do Kwon tweeted …
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5 Next Cryptocurrency to Buy for 10X Returns – May 2022
Cryptocurrencies provide financial opportunities to users. However, the most enticing aspect of crypto assets is the opportunities they offer investors to earn profits. Over 10,000 cryptocurrencies exist in the crypto market, but this article provides investors with the next cryptocurrency to buy for 10x returns. Keep reading to learn more about these assets. 1. Lucky …
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Bank of Israel asks Public to support its CBDC program
Stakeholders agree that the digital shekel would increase competitiveness, but their opinion remains divided concerning privacy. The public reaction regarding “digital shekel’s” implementation has been overwhelmingly supportive; however, the Central Bank of Israel has yet to declare the final decision. According to a popular tabloid, the Bank of Israel summarised the outcomes of a public …
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The Future of DAOs in the Social Media Ecosystem: Detailed Guide
The internet and social media have made it simpler than ever before for like-minded people to interact, regardless of their geographical location. With the advent of digitally native money and banking, a new form of social network has evolved, allowing like-minded individuals to not only interact but also coordinate around the capital. These new networks, …
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Brave Web Browser: A Complete Guide
Popular web browsers and the large companies that run them, such as Google and Microsoft, are being scrutinized more closely. Concerns about how businesses store and share information with marketers are rising. Also, how they allow advertisers to gather data through the use of cookies and other tracking technologies. Brave represents a significant transformation in …
Terra Price Prediction – LUNA Is Crashing Aggressively
Terra (LUNA) Price Prediction – May 12Previously, before the May 5th session that marked the start of the major economic downing in most of the crypto business operations, Luna is down-turning aggressively. Presently, price has declined so heavily to trade around $0.041 at a negative percentage rate of 96.12. Terra (LUNA)Market Key Levels: Resistance levels: …
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Bitcoin (BTC) Hodlers Capitulating As Stock Market Turmoil Grips BTC: On-Chain Analyst Willy Woo
On-chain analyst Willy Woo says turmoil in the global markets is leading crypto investors to disregard Bitcoin’s fundamentals and sell their BTC. Woo tells his one million Twitter followers that the start of this week’s capitulation was led by futures selling. The trader says he’s not certain if Bitcoin has reached its bottom yet or …
Coinbase CEO Brian Armstrong Details Crypto Bankruptcy Risks if Black Swan Event Rocks Crypto Markets
Coinbase CEO Brian Armstrong is assuring investors the crypto exchange is not facing bankruptcy risks amid concerns over the firm’s latest 10-Q filing. The 10-Q form filed by Coinbase with the Securities Exchange Commission (SEC) on Tuesday includes a bankruptcy risk factor disclosure that says in case of business failure, the crypto assets that the …
Why the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains
Total assets invested in crypto ETFs and ETPs hit $16.3 billion by the end of the first quarter, but the community is still waiting for a spot Bitcoin ETF in the U.S. Despite the growing adoption of various cryptocurrency exchange-traded funds (ETFs) all over the world, the global trading community continues to ask one question: …
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Ether plunges 13% while Bitcoin pushes BTC dominance to 2022 high — more pain ahead?
Ethereum’s native token Ether (ETH) plunged to its lowest level in almost two months against Bitcoin (BTC) as a crypto market sell-off intensified on May 12. Macro headwinds catch up to ETH/BTC finally The ETH/BTC trading pair fell by 7.5% to 0.0663 in the past 24 hours. The downside move came as a part of a correction …
Tether to move over 1B USDT from Tron to Ethereum and Avalanche
Following recent developments in the sphere of stablecoins, Tether (USDT) has announced that it’s coordinating a chain swap to transfer USDT assets from Tron’s TRC-20 to Ethereum and Avalanche’s blockchain. In a tweet, Tether said that 1 billion USDT will be moved from Tron’s blockchain to Ethereum. On the other hand, an additional 20 million …
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