The cryptocurrency economy has shed a lot of value during the last six months dropping 48.70% from $3.08 trillion to today’s $1.58 trillion. While crypto markets looks extremely bearish these days, a few crypto advocates have theorized the bear market will be less harsh this time around. Furthermore, there’s also the rare scenario that bitcoin’s…
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As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s stablecoin terrausd (UST) has lost stability, dropping to $0.932008 per token. Additionally, the Luna Foundation Guard’s bitcoin wallet and ethereum Gnosis safe address has been emptied. **This article was updated…
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Bored Ape creator Yuga’s Otherdeed launch was the largest NFT mint ever, but are metaverse communities turning into gated communities? Last week, 55,000 parcels of “virtual land” were sold on the Ethereum blockchain for more than $300 million, the largest nonfungible token (NFT) mint ever. It wasn’t without controversy. In return for shelling out close…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Instagram Starts Testing NFTs, Roubini’s Dollar Replacement Plan, Bitcoin Inflows Return, Ethereum Outflows Slow Down + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Shiba Inu developer promises a bright future with an upcoming NFT gaming project, but SHIB price continues to fall. Shiba Inu (SHIB) price dropped by over 10% to $0.00001641 on May 9 amid a broader crypto market decline. This year, SHIB’s returns were 50% below zero, one of the worst performances by a top-ranking cryptocurrency in 2022.…
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Bitcoin (BTC) crashed to its lowest level since last summer as the number one cryptocurrency hit the USD 32,000 level. The Monday crash came as the broader crypto market sold off over the weekend, led by falling stock prices and fears that terraUSD (UST) could lose its dollar peg. Meanwhile, several analysts pointed to possible…
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According to Mark Zuckerberg, Meta was planning to “bring similar functionality to Facebook soon” and working on “augmented reality NFTs” for Instagram as well. Mark Zuckerberg, CEO of Facebook’s parent company Meta, said that the company is starting to test digital collectibles on photo and video sharing platform Instagram this week, signaling a move toward…
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Bitcoin price extended its decline below the USD 35,000 support and dropped below USD 33,000. It is currently (11:45 UTC) trading near USD 32,900 and is down over 5% in a day and almost 15% in a week. Similarly, most major altcoins extended their decrease. ETH moved below USD 2,400 and is down over…
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The Luna Foundation Guard (LFG), the entity tasked with holding bitcoin (BTC) as part of the reserves backing the TerraUSD (UST) stablecoin, has loaned out USD 750m worth of BTC to a trading firm “to help protect the UST peg.” Confronted with what this really means, Terra (LUNA) founder Do Kwon claimed that the…
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Are investors piling into Dash in anticipation of the mainnet launch of Dash Platform, expected in 2022? Cointelegraph Research conducted a first-of-its-kind survey querying over 2,000 global crypto funds and certificates to gain an insight into their investment allocations during 2021. The survey was conducted via email between March 2021 and December 2021. The 200…
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