Quick Look
Michael Saylor welcomes FASB vote to review crypto accounting standards
Bitcoin proponent and MicroStrategy CEO Michael Saylor has welcomed the U.S. Financial Accounting Standards Board (FASB) vote to review...
Crypto Exchange Coinbase Halts Service in India Due to ‘Informal Pressure’ From Central Bank RBI
The Nasdaq-listed cryptocurrency exchange Coinbase has revealed that it halted operation in India a few days after launch due to...
Shanghai High Court Declares Bitcoin Virtual Asset With Economic Value Protected by Chinese Law
The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the...
ApeCoin is down 70%+ since the Otherside launch — Can Yuga Labs turn the ship around?
ApeCoin (APE), the new cryptocurrency that was recently launched by Yuga Labs, aims to be the bedrock of the Otherside metaverse and...
Bitcoin fights to hold $29K as fear of regulation and Terra’s UST implosion hit crypto hard
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...
‘Dr. Doom’ Nouriel Roubini to Launch Tokenized Dollar Replacement — With Payment and ESG Features
Economist Nouriel Roubini, a crypto skeptic known as “Dr. Doom,” is developing a tokenized asset intended to be a more...
Terra contagion leads to 80%+ decline in DeFi protocols associated with UST
The knock-on effect of the collapse of Terra (LUNA) and its TerraUSD (UST) stablecoin have spread wide across the cryptocurrency market on...
Citi, Wells Fargo, BNY Mellon Invest in Crypto Firm Talos as Institutional Adoption of Digital Assets Accelerates
Several major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset...
Independent Russian News Site Meduza Raises Over $200,000 in Crypto
Pressure from the Kremlin and sanctions from the West have forced Russian news outlet Meduza to increasingly rely on cryptocurrency...
This unknown play to earn games could have significant potential
Play to earn is by far one of the most exciting new frontiers in crypto. After the massive success of Axie Infinity, newer more exciting...
Top 3 cryptocurrencies to buy and hold during a market sell-off
The crypto market has been on the ropes over the past week. Most coins have sharply fallen, and the worst is yet to come. This correction...
Bitcoin price reclaims $30K as Bitcoin Cash hits fresh record low against BTC
Bitcoin (BTC) bounced back from ten-month lows on May 11 as the start of Wall Street trading gave bulls some relief. BTC/USD 1-hour candle...
Price analysis 5/11: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
The crisis with Terra’s stablecoin TerraUSD (UST) and the freefall in Terra’s LUNA token has dented crypto sentiment further. Although...
Terra (LUNA) tumbles by 90% in 24 hours as UST’s recovery loses steam
Terra (LUNA) has continued its sharp decline from the start of the week. The ecosystem which is known for its stablecoins is experiencing...
Polygon (MATIC) aims to reclaim $1 after a steep correction
Polygon (MATIC) has started to show signs of recovery after a steep correction over the last week or so. The decline in price is part of a...
Bitcoin (BTC) rebounds after crashing below $30,000 – Can it surge past $34,000?
Bitcoin (BTC) appears to have slightly recovered after one of its worst crashes in 2022. The coin had fallen below $30,000 for the first...
Shiba Inu (SHIB) could surge by 35% despite bearish sentiment in the market
Shiba Inu (SHIB) has been recovering from the massive sell-off in crypto over the last few days. The coin looks like it has some...
Safemoon price is having a meltdown. Buy the dip?
The Safemoon price is in a sharp freefall as investors doubt whether the coin will survive the current sell-off. The SFM token has...
This week’s whipsaw market movements test NFT traders’ resolve — What’s next?
It goes without question that there has been an influx of excited investors piling into Web3 and this is despite the decrease in total...
Biggest Movers: SOL, NEAR, and AVAX Drop More Than 20% Lower on Wednesday
Solana, NEAR and AVAX were all trading over 20% lower on Wednesday, as global crypto markets continued to fall on hump-day. The...
Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions
Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26%...
Sculptor aims to use the Fearless Girl statue to empower women in crypto
The creator of the Fearless Girl statue in New York, which stands for the empowerment of women, has brought the emblem into the crypto...
Bitcoin falls back under $30K while 8.3% US CPI shows signs inflation has peaked
Bitcoin (BTC) dropped by $1,500 in minutes on May 11 as the latest United States inflation data delivered mixed sentiment on the economic...
Rising global adoption positions crypto perfectly for use in retail
Even though the cryptocurrency market seems to be going through a bit of a lull at the moment, there’s no denying the fact that the...
Bitcoin 2022 — Will the real maximalists please stand up?
As I go about the Miami conference, I wonder, Aside from some of the conference speakers, where are these Bitcoin maximalists I keep...
Is VeChain a Good Investment? 5 Reasons We Think It Is
VeChain is a leading blockchain project that was built by a former senior executive at LVMH, the biggest luxury brand in the world. The...
Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy
During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with...
Avalanche (AVAX) down 35% amid fears of massive AVAX sell-off after UST meltdown
Avalanche (AVAX) price seems to be heading the same way as Terra (LUNA) mainly because it is one of the collateral assets that maintain...
Galaxy Digital announces 10% public float repurchase program
Galaxy Digital Holdings Ltd. has announced plans to repurchase roughly 10.6 million ordinary shares, comprising 10% of the company’s...
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) and TerraUSD (UST) endured a...
Avalanche drops 30% on fears Terra’s LFG will dump AVAX next
Avalanche (AVAX) is paying the price for being one of the collateral assets that maintain Terra’s native stablecoin TerraUSD’s...
Bitcoin, Ethereum Technical Analysis: ETH Bounces Back, up 2%, While BTC Climbs Above $30,000
Following a fall below $30,000 on Tuesday, BTC marginally rebounded, as prices began to consolidate above support. ETH was also higher in...
Cuba to utilize crypto in an effort to evade sanctions
Many Cubans were left without an internet connection last summer due to attempts at censorship. In March, Cubans also faced further...
Putin Obliges Election Candidates to Report Crypto Holdings Outside Russia
President Vladimir Putin has approved amendments to his own decree requiring Russian citizens running for office to declare their property...
Terra CEO Do Kwon announces UST ‘rescue plan”, LUNA down 92%
LUNA has dropped more than 90% in the past 24 hours, while UST remains more than 54% off its dollar peg at $0.43. Terraform Labs CEO Do...
Top 4 Terra-related coins to buy amid the LUNA price crash
The Terra LUNA price has crashed hard after the weak performance of the UST stablecoin. The coin has crashed from an all-time high of...
BAYC NFTs prices fall for 6 consecutive days as crypto market crash turns into a crisis
The prices of Bored Ape Yacht Club (BAYC) NFTs have been on a downtrend for the last six consecutive days as the wider crypto market crash...
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 UST stablecoin...
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 bleeding crypto assets....
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...
The RBI’s informal pressure prompted trading halt, says Coinbase CEO
The Indian government has cracked down on cryptocurrency activities in recent years. Cryptocurrency exchange Coinbase has revealed that it...
The price of LUNA falls massively after the UST de-pegged from the US Dollar
After weeks of hyping due to the TerraUSD (UST) stablecoin release, the LUNA token has been forced to bite a humble pie after the same...
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...
Highlights May 11: Bitcoin loses over 20% in a week, LEO only gainer
The crypto market as a whole continues to suffer with most top 100 coins in the red at the time of writing. Top cryptos Bitcoin lost...
FLOW is down by 5% despite announcing a $725M ecosystem fund
The cryptocurrency market has continued its poor start to the week, losing more than 6% of its value in the last 24 hours. The...
Maker is one of the few winners, will it rally? Top places to buy Maker
Against the backdrop of all-pervasive market gloom, Maker DAO’s MKR token is a ray of hope. Its global traffic is consistently...
Terra continues to plummet, down 73% today: time to buy the dip?
After its stablecoin lost its currency peg to the USD, Terra entered a downward spiral. The tendency continues today, even more...
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,...
VeChain Foundation reports $1.2B crypto treasury… but spent just $4M in Q1
The VeChain Foundation has released its financial report for Q1 2022 showing that the project amassed an impressive $1.2 billion war chest...
Top Diamond Producer De Beers Deploys Blockchain-Based Platform at Scale
De Beers, one of the leading diamond-producing companies globally, recently announced the deployment of its blockchain-based diamond...
UK Outlines Plans to Support Crypto Adoption, Create More Powers to Seize and Recover Digital Assets
Delivering the Queen’s Speech, Prince Charles outlines the British government’s plans to support the safe adoption of...
US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve...
Michael Saylor assuages investors after market slumps hurts MSTR, BTC
MicroStrategy’s CEO and Bitcoin proponent Michael Saylor is confident his firm’s BTC holdings will more than cover a potential margin call...
Altcoins stage a relief rally while Bitcoin traders decide whether to buy the dip
The similarity in price action between the crypto and traditional financial markets remains quite strong on May 10 as traders enjoyed a...
Report: Nigerian CBDC Wallet Update to Enable Utility Payments, USSD Functionality to Be Added
The Nigerian central bank digital currency (CBDC) wallet app is set for an update that will see users given the ability to pay for...
Environmental groups urge US government to take action on crypto miners
A group of eight organizations focused on the environment have called on different government agencies under the Biden administration to...
Crypto Downturn Shakes Digital Collectible Markets as NFT Sales Slip 42% Lower Than Last Week
Non-fungible token (NFT) markets are starting to feel the pain from the crypto market carnage that’s taken place during the last...
US Treasury Secretary reaffirms need for stablecoin regulation following UST crash
United States Secretary of the Treasury Janet Yellen called on U.S. lawmakers to develop a “consistent federal framework” on...
Polygon reaches level that last time triggered a 275% MATIC price rally — Will history repeat?
Polygon (MATIC) price reversed course to the upside on May 10 after testing $0.794 as its interim support, thus rising by up to 25% to...
Erratic Bond Yields, Lockdowns, and War — 3 Reasons Why Economic Recovery Won’t Happen Quickly
The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value....
Biggest Movers: LUNA Loses 50% of Its Value, While XMR and AXS Declines Continue
LUNA was down by over 50% in today’s session as markets continued to react to UST losing its parity with USD. As such traders lost...
Bitcoin’s sell-off is a massive buying opportunity, says Chamber of Digital Commerce CEO
Bitcoin price fell sharply on Monday to break below $30,000 and register its lowest level since July 2021. As the sell-off in the...
May shopping list: 3 coins to consider buying this month
The broader crypto market has started May on a somewhat disappointing note. Some of the major coins like Bitcoin and Ethereum have all...
Top 3 coins to buy as the crypto market dips
The broader crypto market declined sharply at the beginning of May. Most coins in the top ten have all fallen by double figures since the...
Ethereum rises vs. Bitcoin despite crypto market rout — will ETH/BTC gain 50% by June?
Ethereum’s native token Ether (ETH) has grown stronger against its rival for the top position — Bitcoin (BTC) — despite an ongoing...
Go green or die? Bitcoin miners aim for carbon neutrality by mining near data centers
Bitcoin (BTC) mining has always been a controversial topic. But, Bitcoin’s proof-of-work (PoW) model has reached new levels of concern as...
Bitcoin Cash to Include Bigger Integers and Native Introspection in Upcoming Upgrade
Bitcoin Cash is preparing to include two significant improvements in its upcoming upgrade. Programmed to happen on May 15, the Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $30,000, Is 55% Below Its Record High
Bitcoin plunged below $30,000 for the first time in eleven months, as bears continued to run rampant in crypto markets. This move came as...
UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per...
10-month BTC price lows spark $1B liquidation as Bitcoin eyes $35K CME futures gap
Bitcoin (BTC) upended buy trends through May 10 as BTC/USD sank below $30,000 for the first time since July 2021. Data from on-chain...
Making money, escaping poverty: Bitcoin and Lightning in Mozambique
Bitcoin (BTC) is for all. For you, for Michael Saylor in Miami, and for 38-year-old Jorge, a Mozambican family man who’s using the...
Can Solana become the dominant PoS chain despite persistent outages?
Like most new-age networks, Solana was developed to resolve major issues confronting the blockchain industry. While the network has...
Here is why LUNA is down by more than 40% in the last 24 hours
LUNA is one of the worst performers amongst the major cryptocurrencies by market cap. The bearish sentiment in the market grows ticker as...
UST crash shows dangers of un-backed DeFi stablecoins, says Yield App CEO
The TerraUSD (UST) token crashed to lows of $0.61 on Monday as it massively de-pegged from the $1 peg even as the broader crypto market...
NASA Partners With Epic Games to Create a Martian Metaverse Simulation
NASA, the U.S. space agency, has partnered with Epic Games, the company behind Fortnite, to build a challenge for developers to help...
Crypto lending app Nebeus introduces AVAX-backed loans
Cryptocurrency and crypto-backed lending app Nebeus is always looking for innovative ways to help customers grow and get the most out of...
Terra peg mechanism in doubt as UST crashes to $0.67
The third-largest stablecoin by market cap Terra USD (UST) appears to be in a catastrophic tailspin which has seen it de-peg from the...
‘Kwontitative easing’ — BTC price hits $43K in UST as Terra empties $2.2B BTC bag
Bitcoin (BTC) fell below $30,000 for the first time in ten months on May 10 as turmoil at Blockchain protocol Terra continued. BTC/USD...
KuCoin announces $150M funding round, $10B valuation
KuCoin announces $150 million pre-Series B funding raise. The raise values the global crypto exchange at $10 billion. KuCoin will use the...
HUMAN Protocol Foundation Awards Grant to VeritaTrust to Build on-Chain Rewards for Reviews
PRESS RELEASE. Georgetown, Cayman Islands, May 10, 2022 – Today, HUMAN Protocol has announced that it has awarded a grant to...
Binance temporarily suspends LUNA, UST withdrawals citing network congestion
As the crypto community still tries to decipher Terra’s ongoing pegging-de-pegging fiasco in relation to its stablecoin offering TerraUSD...
Analyst claims that exchanges sell your Bitcoin, crypto trading platforms respond
Security breaches and hacks often highlight the risks of storing Bitcoin (BTC) on centralized exchanges. One analyst even claims that...
Report: Nigerian Crypto Restrictions and Twitter Ban Have ‘Crippled Foreign Direct Investment in the Fintech Industry’
A new report has concluded that restrictions on cryptocurrency trading, as well as the banning of Twitter by Nigerian authorities, may...
A third of AMC online payments are crypto or digital, says CEO
AMC integrated cryptocurrency payment options a few months ago, and it is starting to gain traction. AMC Theatres CEO Adam Aron has...
Qualcomm CEO States Metaverse Will Be a ‘Very Big’ Opportunity
Qualcomm, one of the largest fabless mobile chip makers, is very optimistic about the future of the metaverse and what it might bring for...
Highlights May 10: Crypto market crashes, Terra down 50%
Crypto futures racked up more than $1 billion in liquidations in the past 24 hours amid major cryptos losing key support levels and weak...
Bitcoin network transactions and fees surge amid investor de-risking
The number of transactions on the Bitcoin network has spiked over the past week, which blockchain analysis firm Glassnode suggests are...
India Considers Imposing 28% GST on All Crypto Transactions: Report
The Indian government is reportedly considering imposing a 28% goods and services tax (GST) on all crypto transactions. “Currently...
Mark Zuckerberg confirms NFT feature launch for Instagram and Facebook
Mark Zuckerberg, Meta (Facebook) CEO, said via a post that the Non-Fungible Tokens (NFTs) feature will be introduced to Facebook and...
Aloha Browser Paves the Way Towards Web3 With Recent HNS Integration
PRESS RELEASE. Aloha Browser is paving the way towards a decentralized web with the recent Handshake (HNS) integration. Now websites with...