Many of the top-80 cryptocurrencies dropped by 15%+ in the past week, but the Tether premium in Asia-based futures markets shows traders remain calm. Cryptocurrencies have been in a bear trend since mid-August after they failed to break above the $1.2 trillion market capitalization resistance. Even with the current bear trend and a brutal 25%…
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In January, Delio was granted Virtual Asset Service Providers (VASP) approval by the Korean Financial Intelligence Unit. Crypto-focused finance company Delio has partnered with Blockdaemon to launch retail-focused staking services, giving customers a more seamless way to earn rewards on their digital asset holdings. Delio’s staking services expand its existing crypto-bank offerings, which include lending,…
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The crypto market downturn continues to impact private funding, but one fund is bullish about the future of Web3. Data from Cointelegraph Research reveals that in August 2022, the blockchain industry saw $1.36 billion of venture capital invested in the blockchain industry — a 12-month low and the fourth consecutive month-on-month decline in capital inflows.…
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Subject to a vote and court approval, the plan proposed CoinFlex creditors own 65% of the company, while its team members be allocated 15% of the company’s shares. Cryptocurrency exchange CoinFlex announced a structuring proposal in response to user feedback following the platform experiencing liquidity issues. In a Wednesday blog post, CoinFlex said under the…
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The growth of decentralized finance, or DeFi, has made the blockchain industry especially vulnerable to scams and attacks. Web3 bug bounty and security services platform Immunefi has closed a $24 million Series A funding round, putting the company on track to scale its in-house capacity amid widespread vulnerabilities in the blockchain industry. The funding round…
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ALGO, the native token for the Algorand blockchain, has marked significant gains over the past few days, despite the bearish crypto market trend. Are these gains merely a consolidation before a further downward push, or could ALGO be ready for a massive bull run? Over the past week, cryptos have experienced significant bearish momentum. As…
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Terra Luna Classic (LUNC) has continued to go lower in price over the last few days. Now trading at just $0.000278 anxious holders are anticipating another move to the downside as the bulls lose momentum. Will Terra Luna Classic recover? LUNC is available on eToro. Cryptoassets are highly volatile and unregulated. No consumer protection. Tax…
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The bitcoin price remains down today, with its 0.5% gain in the past 24 hours cancelled out by a 5% drop in a week and 10% fall in a month. However, it has rebounded by nearly 4.8% since reaching a 24-hour low of $18,262 yesterday, which it did in the wake of the Federal Reserve…
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Last week, the Ethereum blockchain completed its transition to proof-of-stake (PoS). While developers continue to speculate whether the blockchain has indeed improved, initial price movements for ETH have left investors underwhelmed. The entire market is currently in freefall. Following the Federal Reserve’s release of a higher-than-expected consumer price index (CPI) measures last week, investors feared…
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