The CEO of the crypto trading and payments platform Crypto.com (CRO), Kris Marszalek, took to Twitter today to calm down his platform’s users…. Read More: Crypto.com CEO Rushes to Calm the Market as Rumors Flourish Read more »Pay, Trade, Buy Bitcoin with Credit Card
Residents of Argentina rushed to bid up the price of the popular stablecoin tether (USDT) in local fiat terms over the weekend after news broke that the country’s minister for the Economy had resigned. According to data from CriptoYa, a data provider that tracks crypto prices from Latin American exchanges and peer-to-peer markets, the price…
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Circle, the US-based payments company that issues the stablecoin USD coin (USDC), has denied that it is facing any sort of difficulty in maintaining the coin’s US dollar peg. Meanwhile, the supply of tether (USDT) coins on one of the most used stablecoin liquidity pools remains elevated…. Read More: Circle Denies USDC Trouble Rumors, Tether…
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Crema Finance, a concentrated liquidity protocol built on the Solana (SOL) blockchain, has lost over USD 8.7m worth of crypto assets in a flash loan attack that drained its liquidity reserves. The protocol’s official Twitter account confirmed the hack on Sunday and announced the temporary suspension of the service as they started an investigation…. Read…
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Cardano (ADA)’s long-awaited Vasil upgrade, which aims to improve the network’s scalability and performance, has gone through the testnet “successfully” and is expected to deploy on the mainnet in a month. Input Output Hong Kong (IOHK), the research and development company that has developed the Cardano blockchain, announced on Sunday that, … Read More: Cardano Vasil…
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The Central African Republic (CAR)’s authorities unveiled a new crypto project, dubbed Sango Coin, which President Faustin-Archange Touadéra launched as the country’s national cryptocurrency in an online event, but hopes for a major push for crypto adoption in Africa have been partially replaced by fears that the initiative could actually undermine the continent’s increasing trust…
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Another crypto lender has apparently hit the rocks, with reports claiming that the already troubled Celsius Network (CEL) has axed 150 employees. Per the Israeli media outlet Calcalist, Celsius has previously “hired restructuring consultants and lawyers to make organizational changes to the company amid its financial issues.” Some of the staff that have been laid…
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Facebook parent company Meta has enabled a group of US creators to show non-fungible tokens (NFTs) on their profiles. Meta has launched digital collectibles support on Facebook with select creators and only in the USA, and has already begun a slow rollout, TechChrunch reported, citing a company spokesperson. The news of the launch was shared…
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Bitcoin price gained bearish momentum below the USD 20,000 support zone. BTC even declined 5% and traded below USD 19,500. It is currently (11:20 UTC) trading near USD 19,000 and is also down 4% in a week. Similarly, most major altcoins are down over 5%. ETH traded below the USD 1,050 and USD 1,020 support…
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The crypto market will probably see “a few more” meltdowns similar to what happened with the Terra (LUNA) ecosystem and crypto hedge fund Three Arrows Capital, argues Pantera Capital CEO Dan Morehead. However, according to him, the majority of the contagion from current meltdowns has already been priced in…. Read More: More Crypto Meltdowns Could…
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