In today’s article, we review the top crypto gainers as of today. After experiencing the massive crash, TerraUST seems to be the choice of traders looking to trade on the volatity. Many traders are also showing interest in Metaverse tokens such as SAND. Read ahead to know more about the 5 other top gainers of …
Monthly archives: May 2022
Terra Proposal 1747 to Burn 1.38 Billion UST, Quietly Passes as Terra 2.0 Steals the Limelight
Summary: Terra proposal 1623 to birth a new chain was not the only proposal undergoing a community vote. The Terra community was also voting on Proposal 1747, suggesting the burn of 1.38 billion UST from the community pool. Terra Proposal 1747 will reduce the outstanding bad debt of the Terra economy and help restore the …
JP Morgan is Experimenting with Blockchain Technology, Eyes Tokenizing Equities and Possibly DeFi
Summary: JP Morgan is experimenting with blockchain technology in trading traditional financial assets. JP Morgan plans to expand to tokenized equities, fixed income collaterals, and other asset types. The bank could also dip its feet into DeFi. Earlier this week, JP Morgan’s strategists had said Bitcoin could hit $38k in the near future and that …
How the LUNA 2.0 airdrop will be distributed on May 27
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Terraform Labs has released information regarding the LUNA 2.0 airdrop scheduled for May 27, 2022. The current LUNA token will be renamed LUNC, while the new LUNA 2.0 token will assume the ticker LUNA. Holders of LUNC (Luna Classic), USTC (UST …
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Turkey drafts new bills to increase regulatory oversight of crypto
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Turkey is drafting new crypto laws that would introduce more regulatory oversight in the crypto market and possibly impose some transactions involving digital assets – as discussed by two officials on the matter. The officials requested to stay anonymous, seeing as …
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SEC’s Hester Pierce claims US failed at regulating crypto
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! SEC Commissioner Hester Peirce believes the U.S. has blundered regarding regulating the nascent crypto industry. She shared these sentiments during the D.C. Blockchain Summit earlier this week, noting that the cumulative effects of these failures are causing her sleepless nights. According …
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Controversial WeWork founders back with crypto solution for climate change
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Flowcarbon, which describes itself as “a pioneering climate technology company working to build market infrastructure in the voluntary carbon market (VCM),” has announced a $70 million capital raise. The raise consisted of venture capital funding and token sale proceeds, led by …
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Proposal to burn 1B UST tokens set to execute with 99% votes in favor
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The second proposal to burn the remaining UST tokens held in the community pool has reached a quorum and will likely pass at 9 pm GMT on May 26. The initiative to burn UST was previously passed earlier this month but …
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Seth Green to be reunited with the BAYC NFT he lost in a phishing scam
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Actor Seth Green has admitted to falling for a phishing scam, which resulted in the loss of Bored Ape Yacht Club NFT #8298. From reviewing the Etherscan logs of Green’s wallet, it appears that it is a Metamask hot wallet that …
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Bitcoin Mining Difficulty Drops 4.33%, Biggest Reduction in 10 Months
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 …
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Biggest Movers: AVAX and ATOM Over 10% Lower on Thursday
AVAX was one of the biggest movers in crypto markets on Thursday, as prices fell by over 10%, hitting a two-week low in the process. ATOM was also trading in the red, with its value dropping by as much as 13% in the day. Avalanche (AVAX) AVAX was one of today’s biggest losers, as prices …
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Ethereum’s Beacon Network Deals With a 7-Block Chain Reorganization
On May 25, seven blocks were reorganized on Ethereum’s Beacon chain at 8:55:23 a.m. (UTC) at block height 3,887,075 all the way to block 3,887,081. The reorganization was discovered by Martin Köppelmann who noted the “current attestation strategy of nodes should be reconsidered to hopefully result in a more stable chain.” Ethereum’s Beacon Chain Reorgs …
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Bitcoin, Ethereum Technical Analysis: ETH Hits 2-Week Low, Following Move Below $1,900
Ethereum slipped below $1,900 during Thursday’s session, as prices dropped to a two-week low. Bitcoin was also trading lower over the course of the day, as it fell under $29,000. Overall, crypto was down over 3% as of writing. Bitcoin BTC fell below $29,000 earlier in today’s session, as bearish pressure continued to intensify heading …
Chinese Indexes Company Launches Hang Seng Metaverse Index
A Chinese indexes company, Hang Seng Indexes, has launched a new index which tracks the performance of metaverse-related companies in mainland China. The index is calculated and disseminated in real-time at two-second intervals, the company said. Rising Popularity of the Metaverse Hang Seng Indexes Company Limited, an entity that manages and compiles the Hang Seng …
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KyberSwap’s Trending Soon Feature Helps You Find Today the Tokens Everyone Will be Talking About Tomorrow
sponsored Have you ever wanted to be able to see what crypto trends are about to emerge before everyone else? So check out KyberSwap’s Trending Soon feature for assistance. Read on to learn more! Find Out What Tokens Might Be Trending Soon KyberSwap is a leading multi-chain Decentralized Exchange (DEX) aggregator and one of the …