Galaxy Digital reports $112M Q1 loss, citing crypto price volatility
Bitcoin and altcoins declined sharply in the first quarter in a selloff that was partly triggered by a shift in central bank policy. Go to Source Powered by WPeMatico
Month: May 2022
Over 20 investment funds hold Dash, and 40 more plan to add it: Report
Are investors piling into Dash in anticipation of the mainnet launch of Dash Platform, expected in 2022? Go to Source Powered by WPeMatico
Largest NFT mint ever: Making sense of Yuga Lab’s ‘virtual’ land bonanza
Bored Ape creator Yuga’s Otherdeed launch was the largest NFT mint ever, but are metaverse communities turning into gated communities? Go to Source Powered by WPeMatico
Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity
As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down to $0.985 per unit against tether (USDT), and the stablecoin’s price drop invoked a great deal of speculation concerning UST losing … Read more
Meta will test digital collectibles on Instagram starting this week
According to Mark Zuckerberg, Meta was planning to “bring similar functionality to Facebook soon” and working on “augmented reality NFTs” for Instagram as well. Go to Source Powered by WPeMatico
SHIB price eyes 30% drop with Shiba Inu’s massive triangle breakdown underway
Shiba Inu developer promises a bright future with an upcoming NFT gaming project, but SHIB price continues to fall. Go to Source Powered by WPeMatico
Major Buying Opportunity With Bitcoin, Ethereum, XRP, Solana Price Crashing?
With the recent cryptocurrency market crash, where the price of most major coins like Bitcoin, Ethereum, BNB, XRP, and Solana has been down between 12-18% in the past week, is this the ultimate buying opportunity for those brave enough to buy the dip? Let’s look at why the price is crashing and whether this could … Read more
Bitcoin, Ethereum Technical Analysis: BTC Slips to 10-Month Low, Below $33,000
BTC fell to its lowest level since last July, as prices dropped below $33,000 to start the week. The selloff in cryptocurrency started last week, following the Fed’s decision to hike interest rates by 0.5%. In addition to bitcoin, ETH hit a two-month low as a result of the red wave. Bitcoin Bitcoin slipped to … Read more
Question of centralization faces growing crypto insurance industry
Cryptocurrency insurance is expected to be a big business: Will it be centralized or decentralized? Go to Source Powered by WPeMatico
Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied
The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet in a country that has just exited hyperinflation and still suffers high levels of inflation. However, the establishment of a 3% … Read more