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The recent de-pegging of TerraUSD (UST) from the dollar raised eyebrows among investors in the crypto community, with many questioning the stability of algorithmic stablecoins. The price UST fell to 22 cents up from $1.00 amid massive sell-offs. Similarly, Terra’s native token LUNA lost up to 99% of
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Tether (USDT) slightly lost its dollar peg in the early hours of Thursday, snapping to 97 cents and back to 98 cents. This development came as Bitcoin, the largest cryptocurrency exchange based on market circulation, briefly lost its $27k support level and tanked to $25,400. Despite Tether’s CTO,
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Mark Zuckerberg, CEO of Meta (formerly Facebook), has said Instagram will begin testing non-fungible tokens (NFT) integrations this week Zuckerberg who spoke in a video the on Monday said the platform will work with blockchains such as Polygon, Ethereum, Solana, and Flow. He, however, did not state which blockchains will
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TerraUSD (UST) stablecoin, over the weekend, slightly lost its dollar peg and fell to $0.98 as against the usual $1.00. It, however, bounced back on Sunday. Similarly, its native token (LUNA) plunged by almost 20% after its co-founder Do Kwon launched an FUD - fear, uncertainty and doubt-
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Bitcoin, the largest cryptocurrency by market capitalization, has hit a three-month low. At the time of writing, BTC trades at $33,596, down by 2.29% in the last 24 hours and 13.62% in the last seven days. This development comes days after analysts reported bearish movements on the
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The Bitcoin accounts of over 100,000 traders have been liquidated after the largest cryptocurrency based on market capitalization tanked below $36,000 in the Asian early hours. This development comes just a day after the US Federal Reserve revealed in its new policy that interest rates will be increased
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Vitalik Buterin, the co-founder of Ethereum has expressed displeasure at the high fees charged by layer 2 scaling protocols. His view was captured in his response to a tweet that mentioned several protocols and the amount they charged per transaction. Top of the list was Arbitrum which charges $0.85
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Have you ever bought some cryptocurrencies, Bitcoin for instance, and then a few hours later, the price either climbs by several points or slips low by some figures? Well, it isn’t strange; it depicts volatility - how large the price of an asset can swing from the mean price.
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You probably must have heard the story of someone spending hundreds of millions for a land or luxury yacht in the metaverse. What about the report of Sina Estavi, the Iranian investor who originally bought Jack Dorsey's first tweet NFT at $2.9M, planned to sell it at
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India’s finance minister, Nirmala Sitharaman has said even though the country has plans to regulate cryptocurrency, it would not be rushing into it. The minister said this while discussing digital asset regulation in a chit-chat organized by Stanford University School of Medicine. She, however, noted that the country will
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Twitter is set to become a privately held company as the social media giant has accepted the $54.2 per share buy offer from Elon Musk, the CEO of Tesla. According to a recent press release, as soon as the transactions are complete, Twitter will be valued at $44 billion
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Commerzbank, one of the largest financial institutions in Germany has moved to obtain a local cryptocurrency licence, making it one of the top banks to look in the direction of digital currencies. The financial giant applied for the licence to conduct crypto services at the beginning of the year, the