Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion
Statistics recorded this week show that the aggregate number of non-fungible token (NFT) sales, settled across more than a dozen different blockchains, has officially surpassed $36 billion. While there are 18 competing blockchains offering NFTs, Ethereum-based NFT...
Panama's president says he won't sign crypto bill into law 'at this moment'
“If the law has clauses related to money laundering activities — anti-money laundering activities — that’s very important to us," said Panama President Laurentino Cortizo. Laurentino Cortizo, the President of Panama, has said he won’t sign off on a crypto bill...
Coinbase Co-Founder Fred Ehrsam Buys the Dip, Purchases $75M of Company Stock
The buys were made via venture capital firm Paradigm, of which Ehrsam is a co-founder and managing partner. Original Source: coindesk Coinbase Co-Founder Fred Ehrsam Buys the Dip, Purchases M of Company Stock
Dai Creator Rune Christensen on Terra's Collapse
The MakerDAO founder wasn’t in the mood to say “I told you so,” following Terra’s stablecoin collapse, on CoinDesk TV’s “First Mover.” Original Source: coindesk Dai Creator Rune Christensen on Terra's Collapse
Gary Vee Kicks Off VeeCon 'Summer Camp' to Show NFTs Are 'More Than Just Collectibles'
Vaynerchuk speaks with Decrypt as his NFT-gated conference brings major creators and entertainers to Minneapolis. Original Source: decrypt Gary Vee Kicks Off VeeCon 'Summer Camp' to Show NFTs Are 'More Than Just Collectibles'
Biggest Movers: Cosmos Climbs 15%, as AAVE Nears a 10-Day High
ATOM was trading over 15% higher on Friday, as prices rose for a second consecutive session. Today’s rise took ATOM to its highest point since the start of the week, and comes as AAVE neared a 10-day high. Cosmos (ATOM) ATOM was one of the biggest movers in...
Tether Co-founder Brock Pierce Cautions Against Putting ‘Too Much Trust’ Into New Projects
Bitcoin Foundation Chairman and Tether co-founder Brock Pierce sat down with Bloomberg, weighing in on the demise of TerraUSD as well as the market crash. Users of the coin have reportedly lost millions of dollars in the collapse, after Terra’s algorithmically...
There Was No Terra ‘Attack’
Conspiracy theories won’t save you from financial reality, says CoinDesk's chief insights columnist. Original Source: coindesk There Was No Terra ‘Attack’
Terra’s amended revival plan would decrease the allocation for post-attack UST holders
Terra posted three new revisions to its revival plan. This included increasing genesis liquidity, introducing a new liquidity profile, and decreasing allocation for some holders. After a grueling two weeks for the Terra community, the team behind the project announced...
Bitcoin 'death cross' data hints 43% drop due in BTC price bear market
Based on historical tendencies, $22,700 could now mark the next "generational bottom" for Bitcoin, new analysis says. Bitcoin (BTC) may fall more than 40% from last week's bottom, new data warns as one analyst confronts what he says is now a bear market.In a series of...
First Mover Americas: Bitcoin Heads for Record 8-Week Losing Streak
The latest moves in crypto markets in context for May 20,2022. Original Source: coindesk First Mover Americas: Bitcoin Heads for Record 8-Week Losing Streak
Bitcoin Pizza Day merch delivers lightning-fast style
Cointelegraph Store brings you Pizza Day merch, and luckily you don’t have to spend 10k BTC to get your hands on a piece. Celebrate the 12th Bitcoin Pizza Day together with Cointelegraph. Many crypto bull runs ago, Laszlo Hanyecz, programmer and early Bitcoin (BTC)...
DeFi Protocol iZUMi Finance Raises $30M, Launches Exchange
The funds were raised through the sale of bond vouchers and claims to back the new iZiSwap decentralized exchange. Original Source: coindesk DeFi Protocol iZUMi Finance Raises M, Launches Exchange
SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse of terra (LUNA) and stablecoin terrausd (UST). SEC Chair Gensler’s...
Terra collapsed because it used hubris for collateral — Knifefight
The rise and fall of the Terra blockchain and family of related tokens is both one of the most convoluted and one of the most important stories happening in crypto right now. Assembled here is a plaintext explanation of what Terraform Labs built, why it got so big,...
BIP 119: Unpacking CTV and How It Would Change Bitcoin
Right now, we can only use Bitcoin scripts to designate when or why a bitcoin is spent. But what if we could use it to designate how a bitcoin is spent? Original Source: coindesk BIP 119: Unpacking CTV and How It Would Change Bitcoin
European families see crypto as a tool to increase savings: Survey
The study noted that three out of five European respondents declared a 50% growth in their crypto investments. While there are risks associated with crypto investing, some see it as a way to boost their family savings, a recent study commissioned by crypto trading...
Bitcoin, Ethereum Technical Analysis: BTC Back Above $30,000 as Week Long Consolidation Continues
This week’s whirlwind price swings in crypto markets continued on Friday, with BTC moving higher, following yesterday’s declines. Bitcoin has risen back above $30,000 on Friday, with ETH also climbing above its $2,000 point. Bitcoin Bitcoin was trading...
UST aftermath: Is there any future for algorithmic stablecoins?
The quest continues for the perfect “stand in” for the U.S. dollar. But, UST’s crash suggests that algo stables may be “inherently fragile.” TerraUSD (UST) is an algorithmic stablecoin that is pegged at $1.00. But, on the evening of May 19, it was trading for...
WEF 2022: Blockchain and digitization to take center stage at Davos
Sustainability goals for Bitcoin will be presented to world leaders during the first in-person World Economic Forum since the start of the pandemic. The annual meeting of the World Economic Forum (WEF) is scheduled to take place from May 22–26, marking the first...
Upcoming Crypto Regulations 'Need to Take Into Account' Terra Collapse: UK Financial Authority
New rules for cryptocurrencies will be developed with the UST stablecoin collapse taken into consideration, according to the FCA. Original Source: decrypt Upcoming Crypto Regulations 'Need to Take Into Account' Terra Collapse: UK Financial Authority
It’s Not Just LUNA. Terra’s DeFi Apps Have Hemorrhaged $28B
Investors have largely risked off from the Terra ecosystem amid long-term concerns. But some remain upbeat about future growth. Original Source: coindesk It’s Not Just LUNA. Terra’s DeFi Apps Have Hemorrhaged B
It’s Not Just LUNA. Terra’s DeFi Apps Have Hemmorhaged $28B
Investors have largely risked off from the Terra ecosystem amid long-term concerns. But some remain upbeat about future growth. Original Source: coindesk It’s Not Just LUNA. Terra’s DeFi Apps Have Hemmorhaged B
Cosmos price rebounds 45% in one week despite Terra's debacle — what's next for ATOM?
ATOM's ascending triangle setup opens up the possibility for another major crash by June 2022. Cosmos (ATOM) emerges as the biggest gainer among the top cryptocurrencies this May 20, brushing aside the fears about its association with Terra (LUNA), an algorithmic...
WNBA Fans Criticize Coinbase Sponsorship Amid Market Crash
Amid the market crash of the past two weeks, crypto sponsorship deals are seeing renewed backlash. Original Source: decrypt WNBA Fans Criticize Coinbase Sponsorship Amid Market Crash
Crypto Should Meet Same Norms as Regular Finance, G7 Says
Finance ministers want to see financial-stability and money-laundering standards in effect soon. Original Source: coindesk Crypto Should Meet Same Norms as Regular Finance, G7 Says
Algorithmic, fiat-backed or crypto-backed: What’s the best stablecoin type?
DAI has been around since 2017, which no algo stablecoins has ever matched, and it’s unlikely to share the fate of UST. TerraUSD (UST) flipping BinanceUSD (BUSD) for the third spot in the market capitalization list didn’t last long. The once-mighty stablecoin that...
Vietnam Launches Blockchain Association to Conduct Research and Suggest Regulations
A newly established blockchain association aims to help Vietnam promote its digital economy and position the country on the world’s technology map. The organization looks to unite Vietnam’s experts in the field and seek cooperation with blockchain...
Binance Adds Support for Layer-2 Ethereum Scaling Solution Optimism
Popular Ethereum scaling solution Optimism is now supported on the industry’s largest cryptocurrency exchange, Binance. Original Source: decrypt Binance Adds Support for Layer-2 Ethereum Scaling Solution Optimism
Dvision Network Announces New LAND Staking Feature to Help Bolster Virtual Plot Utility
PRESS RELEASE. The Dvision Network has recently announced the new ‘LAND Staking Feature’ in their Dvision Metaverse, with the development being finalized to present a new use case to the virtual plot owners. According to the official statement, users who...
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