Billionaire Mike Novogratz Warns Bitcoin and Crypto Carnage Far From Over
Galaxy Digital CEO and billionaire Mike Novogratz says he doesn’t think the crypto markets will bounce back any time soon....
Month: May 2022
Terra founder Do Kwon shares plan to save the UST stablecoin peg
Do Kwon, CEO of Terraform Labs, will not admit defeat. After an 18-hour wait in which his coins Terra (LUNA)...
FCA-regulated Fasanara Capital raises $350M crypto and fintech VC fund
London-based asset manager Fasanara Capital has launched a $350 million investment fund to back fintech and cryptocurrency startups that can...
Terra ‘rescue plan’ still at large as LUNA falls below $5, Bitcoin spikes to ‘$138K’ in UST
Panic appeared to set in on crypto markets overnight on May 11 as Blockchain protocol Terra failed to steady its...
Luna’s Price Drastically Collapses Below $5, What Will Be the Regulatory Implications That Come Out of This?
The price of the LUNA token has dropped below $5, while the UST stablecoin has undergone a massive depegging from...
Israeli central bank yet to make decision on pursuing CBDC despite public support
The central bank of Israel has yet to decide whether to create a digital version of its fiat currency shekel,...
SwissBorg report explains cause of the “death spiral” of UST
The Swiss-based crypto exchange, SwissBorg, has released a report on the risks surrounding Terra’s stablecoin, UST. The token is currently...
LUNA, UST Move Closer to Zero, as Do Kwon Asks Holders to ‘Stay Strong’
Do Kwon has urged holders of LUNA to “stay strong,” as the price moves ever closer to zero. Following the...
Mexican Crypto Exchange Bitso Launches Stable Yield Program
Bitso, a Mexico-based cryptocurrency exchange, is expanding its range of crypto investing options. The company has announced it will now...
Cryptocurrency Exchange Kucoin Raises $150 Million in Pre-Series B Funding Round, Reaches $10 Billion Valuation
Kucoin, a Seychelles-based cryptocurrency exchange, has announced it has raised $150 million in a pre-Series B funding round. The negotiation,...
Ukraine’s New Fundraising Platform Accepts Crypto, Allows Donors to Allocate Funds
United24, a new fundraising platform announced recently by Ukrainian President Volodymyr Zelenskyy, accepts a number of cryptocurrencies, alongside traditional payment...
Terra LUNA collapses below $5 as UST remains unpegged
Terra (LUNA) has had a rough couple of days following the depegging of the UST stablecoin. The collapse of Terra...
$1,270,000,000 in Bitcoin Moved to Crypto Exchanges As BTC Struggles Above $30,000: Analytics Firm
Analytics firm Santiment says leading digital asset Bitcoin (BTC) is being moved onto exchange platforms at a rapid rate amid...
Indian central bank’s ‘informal pressure’ disrupted payments: Coinbase CEO
Just three days after debuting in the Indian market, United States-based crypto exchange Coinbase abruptly stopped using United Payments Interface...
UK Prime Minister empowers regulators to seize more digital assets
The UK Prime Minister, Boris Johnson, is empowering regulators to fast-track the process of seizing cryptocurrencies. Johnson has introduced new...