The knock-on effect of the collapse of Terra (LUNA) and its TerraUSD (UST) stablecoin have spread wide across the cryptocurrency market on May 11 as projects with any kind of association with the DeFi ecosystem have seen their prices hammered. The forced selling of the Bitcoin (BTC) holdings backing a portion of UST also influenced …
Continue reading “Terra contagion leads to 80%+ decline in DeFi protocols associated with UST”
The annual meeting of the International Swaps and Derivatives Association (ISDA) began Wednesday in Madrid. United States Securities and Exchange Commission (SEC) chairman Gary Gensler and U.S. Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam were both featured as keynote speakers at the event, with Behnam speaking at the morning session, and Gensler in the …
Continue reading “Chairmen from the SEC and CFTC talk crypto regulation at ISDA meeting”
Authorities in the U.S. states of Alabama, Kentucky, New Jersey, Texas and Wisconsin have filed enforcement actions against the Flamingo Casino Club for allegedly perpetrating a scam through nonfungible tokens (NFTs) tied to a metaverse casino. In a Wednesday announcement, the Alabama Securities Commission, Kentucky Department of Financial Institutions, New Jersey Bureau of Securities, Texas …
The investor who bought CryptoPunk #273 for more than $1 million less than seven months ago sold the NFT for $139,530 — at a massive almost 80% loss. Out of the last 10 CryptoPunks that have been sold, eight were sold at a loss. CryptoPunk #273 was sold for a paltry sum of 55 ETH …
Continue reading “CryptoPunk NFT purchased for over $1M sells for less than $140K”
Cardano founder Charles Hoskinson posted a video on Wednesday sharing his views on the crypto market downturn. He said, being in crypto for over ten years, he’s seen it all twice. Nothing fazes him or any of the ‘old guard’ anymore. Adding that, adverse events, be they the collapse of a stablecoin or a project …
Continue reading “Hoskinson blasts VCs, ‘Wall Street types’ for downturn in crypto markets”
A federal jury in Georgia has ordered now-defunct crypto exchange CampBX to refund the Bitcoin (BTC) it took from customers. The order comes more than four years after the exchange stopped operating, according to a WSBTV report. CampBX was the first crypto exchange in the U.S., with over 70,000 users trading Bitcoin on the exchange …
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Several major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to remove “the barriers to wide-scale crypto adoption.” The latest funding round values the company at $1.25 billion. Citi, Wells Fargo, BNY Mellon Participate in $105M Funding Round for Digital Asset Tech …
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 in fiat currency, the Riga-based website now accepts several digital coins. Meduza Pulls …
Continue reading “Independent Russian News Site Meduza Raises Over $200,000 in Crypto”
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 20% during Wednesday’s trading …
Continue reading “Biggest Movers: SOL, NEAR, and AVAX Drop More Than 20% Lower on Wednesday”
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News …
Continue reading “Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions”
A lawyer and crypto legal expert says that a breach of ethics could mark the end of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs. Attorney John Deaton points to documents uncovered by an anti-corruption watchdog Empower Oversight involving the SEC’s former Director of Corporate Finance William Hinman and a speech he …
Popular digital asset analyst Michaël van de Poppe thinks traders have “massive opportunities everywhere” amid this crypto market downturn. Van de Poppe tells his 595,600 Twitter followers that Bitcoin (BTC) could already be nearing the end of its bearish slump. “The more I’m starting to see targets like $8,000 or $12,000 for Bitcoin, the more …
A popular crypto strategist is setting a price floor and realistic timetable for Bitcoin (BTC) to once again soar as the markets recover from an early-week tumble. Pseudonymous crypto analyst Inmortal tells his 155,300 Twitter followers that in the wake of BTC’s latest 25% capitulation over the past week, he expects the leading digital asset …
Crypto exchange Coinbase is backing out of a move to bring its services to India citing heavy pressure from the nation’s central bank. In the latest earnings call, Coinbase CEO Brian Armstrong says that the exchange had to halt its services in India despite a previous Supreme Court ruling that overturned a ban on crypto …
Bitcoin (BTC) price initially bounced from its recent low at $29,000 but the overall market sentiment after a 25% price drop in five days is still largely negative. Currently, the crypto “Fear and Greed Index,” which uses volatility, volume, social metrics, Bitcoin dominance and Google trends data, has plunged to its lowest level since March …
