June 24, 2022
Chinese state-run media issues a new cryptocurrency warning as regulators warn of Bitcoin’s price dropping to zero. In light of the recent sell-off in the cryptocurrency market, a piece in a state-run media in China issued a warning that bitcoin’s price could go to zero. In the meantime, Shenzhen’s financial watchdogs have updated their […]
June 23, 2022
Do Kwon Says There’s a Difference Between Failing and Fraud in Interview About Being “Devastated” by LUNA Collapse In a recent interview with the Wall Street Journal, Terraform Labs (TFL) founder Do Kwon expressed his “devastation” over the mid-May implosion of LUNA and UST (WSJ). Prior to LUNA’s collapse, he declared himself to be a […]
Russia will test out digital ruble payments for real estate transactions. The Russian press claimed that the Central Bank of Russia and partner commercial banks intend to test alternative payment methods using the digital ruble. The idea is to test out smart contracts and real estate and cryptocurrency asset acquisition deals. According to the […]
The market cap of ApeCoin dropped by $2.5 billion in May- Is investor interest waning? One of the “rising stars” in the cryptocurrency industry, ApeCoin, was unavoidably brought down by the crypto market collapse in May. In spite of the devastating crypto market fall, ApeCoin’s price has performed well. The bulls were nevertheless able to […]
June 22, 2022
To include NFTs into its products, Uniswap Labs buys Genie. The decentralised exchange’s development team, Uniswap Labs, declared that it has acquired Genie, the first NFT marketplace aggregator ever created. The acquisition of Genie, according to the company’s release, would broaden the Uniswap (UNI) ecosystem and incorporate NFTs as well as ERC-20 tokens into its […]
June 20, 2022
The Iranian government has decided to cut off power to the country’s legitimate crypto mining machines. According to local news site Arz Digital, Rajabi Mashhadi, a spokesperson for Iran’s Ministry of Energy, announced the day before that the institution would cease power supply to all of the country’s licenced crypto mining firms by the beginning […]
June 18, 2022
Will the Bitcoin Selloff Continue Now That It Has Reached $19,000? What’s The Next Lowest Point? According to Coingecko’s statistics, the price of Bitcoin (BTC) is currently trading below $20,000, having hit a low of $19,147 on Saturday. The price of BTC has plummeted below its all-time high of $20,000, as the cryptocurrency market […]
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 10, 2022
Solana To Support DeFi, NFT, And GameFi In South Korea With A $100M Fund Solana (SOL) has created a $100Million fund to support cryptocurrency projects in the country. The main sectors to benefit from the fund are DeFi, gaming, and Non-fungible tokens (NFTs). Also, the fund is to support some projects built on the […]
June 8, 2022
According to Deloitte, 75% of merchants expect to accept cryptocurrency payments over the next 24 months. The main motivations for wanting to use crypto payments were to improve customer experience, grow their client base, and have their brand be seen as “cutting edge.” According to a new Deloitte poll, three-quarters of US merchants aim […]
