Crypto News in 60 Seconds
June 18, 2022
Withdrawals have been halted at Babel Finance due to “exceptional liquidity pressures.” As the crypto winter drags on, its consequences reverberate throughout the crypto ecosystem, prompting uncomfortable decisions. To keep viable, several crypto firms have reduced their workforces and paused user activity on their platforms. Babel Finance, the most recent in a long line […]
June 12, 2022
BlockFi engages lobbyists to facilitate conversations with decision-makers According to Reuters, renowned crypto lending platform BlockFi has engaged lobbyists from Arnold & Porter Kaye Scholer LLP to focus on tax and regulatory policy for companies that offer financial services in digital currencies. Together with Arnold & Porter, BlockFi has assembled a five-person policy team. […]
June 4, 2022
Who Is Still In Profit When Dogecoin Trades Below $0.10 After a Bearish Year? Due to its inability to rally in the manner, it did in the first half of 2021, Dogecoin has lost the majority of the value created during that period. For the bulk of its investors, it is still primarily lucrative. The […]
May 19, 2022
Tether announces a 17% drop in commercial paper holdings in Q1 2022. “This recent attestation further demonstrates that Tether is completely supported and that its reserve composition is robust, conservative, and liquid,” stated Paolo Ardoino. Tether (USDT) revealed that it reduced its reserves allocation to commercial paper assets and boosted its allocation to US […]
May 11, 2022
First Mover Asia: Crypto Market Decline Highlights Unpredictability; Bitcoin Maintains $31,000 First Mover Asia: Crypto Market Decline Highlights Unpredictability; Bitcoin Maintains $31,000. Although bitcoin and ether shook, Terra’s LUNA plummeted in Tuesday trade. The Terra ecosystem’s native token has dropped more than 53% in the last 24 hours as the organization’s UST stablecoin continues to […]
May 10, 2022
El Salvador Purchases 500 Bitcoins in the midst of the cryptocurrency bloodbath El Salvador has purchased the bitcoin drop. During a crypto market sell-off, Salvadoran President Salvador Allende stated that his nation had acquired 500 additional bitcoins. Since El Salvador made cryptocurrencies legal tender, the Salvadoran government has acquired a total of 2,301 bitcoins. El […]
May 7, 2022
New Zealand VC Launches $5 Million Web3 and Crypto-Focused Fund New Zealand VC Launches $5 Million Web3 and Crypto-Focused Fund. Global From Day 1 (GD1), a New Zealand-based venture capital firm, has announced the formation of a $5 million Web3 and crypto-focused venture capital fund to support local entrepreneurs. The fund will invest in startups […]
March 22, 2022
The founder of NeoNexus which is a Solana-based NFT project has noted the committee is no longer evolving the project, denouncing the plunge in Solana costs for the decision. Rates suggest that the project boosted around 25,000 SOL for its NFT mints, which at recent rates would cost around $2.2 million. With SOL rates soaring […]
