Terra’s LUNA Drops to Under $8 After 90% Weekly Plunge
Value locked on Anchor, Terra’s largest DeFi protocol, dropped some $11 billion in the past two days.
Crypto Held on Coinbase Could be Subject to Bankruptcy Proceedings
Some small print in a financial report from Coinbase has raised eyebrows over a potential bankruptcy scenario and the implications for retail customers’ crypto assets stored on the platform. In…
Data: Bitcoin Enjoying Great Market Interest Despite Crash
The world’s first cryptocurrency, Bitcoin (CRYPTO: BTC), is seeing great interest from market participants, as clearly shown by market data. What Happened: Bitcoin’s perpetual futures contract 24-hour volume reached a…
Ethereum’s Vitalik Buterin on ‘the only stablecoins you need’; UST’s demise predicted?
TerraUSD or UST, the third-largest stablecoin disrupted the entire market as it lost its peg to the dollar. The asset dropped down to a low of $0.61 defying the ethos…
This Crypto defied odds & rallied, while the Market crashed
The crypto markets have entered their biggest slump in 2022. Bitcoin, the original cryptocurrency, is down 17.2% in the weekly charts and 26% down in the monthly. While the rest…
Cult Dao’s Revolt 2 Earn Concept Draws Attention of Anonymous
CULT DAO, a blockchain-based DAO seeking to advance the decentralized finance revolution, announces Revolt (RVLT), which attracted the attention of Anonymous. The decentralized international activist and hacktivist group seem to…
If You Invested $100 In Bitcoin (BTC) When El Salvador Made It Legal Tender, Here’s How Much You’d Have Now
On June 9, 2021, the Central American nation of El Salvador became the first country in the world to adopt Bitcoin (CRYPTO: BTC) as legal tender. The move meant that…
Bitcoin (BTC) Consolidates Slightly Above $30,000 After Steep Fall
Bitcoin (BTC) has increased slightly since its May 10 fall below $30,000 and has created its first short-term higher low. Bitcoin had been increasing inside an ascending parallel channel since…
Coinbase Has No Risk of Bankruptcy, New 10-Q Disclosure Langauge Is SEC Requirement, CEO Armstrong Says
The new language points out that customers could be treated as general unsecured creditors if there ever were to be such proceedings.
Shiba Inu Sees 260% Surge In Large Transactions Over 24 Hours
Meme-themed cryptocurrency Shiba Inu (CRYPTO: SHIB) saw a significant uptick in high-value transactions on Tuesday. What Happened: According to data from IntoTheBlock, SHIB recorded a 260% increase in large transactions…