Summary: A report by Nansen has concluded that UST’s depegging was likely kickstarted by seven well-funded wallets within the Terra ecosystem. The wallets withdrew UST from Anchor on Terra, bridged the funds to Ethereum via Wormhole, and swapped significant amounts of UST to other stablecoins in Curve’s liquidity pool. As the UST depeg happened, the …
Continue reading “UST’s Depeg Likely Caused by Seven Well Funded Terra Wallets – Nansen Report”
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Stacks‘ Bitcoin maximalist founder Muneeb Ali said he doesn’t own any Ethereum since 2018 because it is losing against Bitcoin as money and as the major smart contract platform. My reason for not holding any ETH for the 2018-2021 cycle: (a) …
Continue reading “Stacks founder claims Bitcoin will ‘win’ over ETH”
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The LUNA revival plan has finally been realized as the first block of the new LUNA blockchain is underway. LUNA now exists in two forms, LUNA Classic (LUNC) and LUNA 2.0 (LUNA). The TerraUSD stablecoin has not been migrated over to …
Continue reading “LUNA2.0 is finally live, airdrop underway”
Authorities in Russia are mulling over the possible use of digital currencies for international payments, a high-ranking official from the finance ministry has indicated. If recognized as property, he noted, cryptocurrency can be utilized in barter deals with foreign partners. Finance Ministry Suggests Russia May Employ Crypto in International Trade The possibility of using cryptocurrencies …
Continue reading “Russia Considers Using Cryptocurrencies for International Settlements”
The South Korean government is considering imposing tougher regulations, including a unified listing standard, on all cryptocurrency exchanges in the country following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). Korean Government’s Meeting With Cryptocurrency Exchanges The South Korean government is shifting responsibility for the crash of cryptocurrency terra (LUNA) and algorithmic stablecoin …
A16z, one of the most influential VC firms in the crypto field, has announced the launch of a new cryptocurrency fund to invest in the development of Web3 startups. This fourth crypto fund from the firm, which will launch with a budget of $4.5 billion dollars, is set to focus on several key fields in …
Continue reading “A16z Launches $4.5 Billion Crypto Fund Focused on Web3 Opportunities”
eCASH (XEC) Price Prediction – May 27The XEC/USD market operation resumes ranging after a rebound from the recent fearful downing motion. It has statically gathered that the crypto economy records an all-time low of $0.0000173 and an all-time high of $0.0005926 as it trades around 4.19% negatives. eCASH (XEC) Price Statistics:XEC price now – $0.00004607XEC …
Continue reading “eCASH (XEC) Price Prediction: XEC Resumes Ranging After a Rebound”
A closely tracked crypto strategist and trader is warning Bitcoin holders that BTC is poised to hit a new 52-week low. Pseudonymous trader Capo tells his 322,300 Twitter followers another sell-off event is in sight for Bitcoin as the crypto markets continue to show signs of weakness. “Almost the entire market except BTC has made …
The decentralized finance (DeFi) ecosystem continues to struggle with the ongoing market volatility and after-effects of the Terra ecosystem collapse. Over the past week, major DeFi protocols showed signs of increased trading activity, with Uniswap breaching the $1 trillion trading volume mark. Terra remained the focus of most of the discussions around blockchain and crypto …
The crypto market has been on a downward trajectory since the tail end of 2021. In early May 2022, it culminated in a dip that impacted traditional markets just as hard. The recent bust removed some speculation from the market. But the shakeup is different than in the past. There are still many more active …
The Bitcoin network witnessed a historic event on May 12 when the network difficulty attained its all-time high of 31.251 trillion as miners mined nearly 50,000 BTC of the remaining 2 million tokens. While the Bitcoin community rejoiced the added resilience to the network owing to the rising difficulty in mining a Bitcoin block, the …
Continue reading “Bitcoin network difficulty falls 4.3% to 29.897T, biggest drop in 10 months”
Bitcoin Struggles above $28K as Breakout or Breakdown Is Imminent – May 28, 2022 Bitcoin (BTC) now consolidates above $28,000 as breakout or breakdown is imminent. For the past two weeks, BTC/USD has been range-bound between $28,500 and $32,000 price levels. Today, further upward moves are doubtful as the current support is threatened by the …
HodlX Guest Post Submit Your Post Recently, Paul-Willem van Gerwen, head of capital markets and transparency supervision at the Dutch Authority for Financial Markets discussed the risks of cryptocurrency derivative trading, arguing that such transactions should be limited to the wholesale market. Van Gerwen argued that those risks – including the tendency for market manipulation and criminal activity …
Continue reading “Dutch Officials Restrictions on Crypto Derivatives – Are They Necessary?”
“The Metaverse” and “Web3” are the buzzwords of the moment, with their concepts permeating across the worlds of fintech, blockchain, and now even mainstream media. With decentralization thought to be at the core of the Web3 Metaverse, the promise of a better user experience, security and control for consumers is what’s driving its growth. But …
Continue reading “Identity and the Metaverse: Decentralized control”
Further cementing India’s decision to introduce an in-house central bank digital currency (CBDC) in 2022-23, the Reserve Bank of India (RBI) proposed a three-step graded approach for rolling out CBDC “with little or no disruption” to the traditional financial system. In February, while discussing the budget for 2022, Indian finance minister Nirmala Sitharaman spoke about …
Continue reading “India to roll out CBDC using a graded approach: RBI Annual Report”
