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Chainabuse, a crypto scam reporting company, has been launched after several crypto firms came together to form the multichain platform. The founding members include Binance.us, TRM Labs, Circle, Hedera, Civic, Solana Foundation and the Aaves communities. According to an announcement, the platform is operated by TRM Labs, a blockchain
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Cosmos (ATOM), the native token of the eponymous blockchain network has gained 12% in the last 24 hours. At the time of writing, ATOM currently trades at $11.430. The 27th largest cryptocurrency based on market capitalization is still trading 74% down from its September 2021 all time high, ATOM/
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Universal Music Group has signed a major deal with LimeWire, an Algorand-based marketplace launched in March, to release non-fungible tokens (NFTs). Through this deal, artists signed to the record label and its myriad imprints such as Republic records, Geffen EMI and Virgin Music among others, will be able to release
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The legal team of Terraform Labs have resigned following the infamous 99.9% crash of LUNA, the native token of the Terra blockchain and de-pegging of UST, Terra’s stablecoin. The Block had reported that the council members all stopped working this month as suggested by their LinkedIn profiles. Those
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Popular businessman, Elon Musk, has put his Twitter (TWTR) takeover bid on hold noting that will only resume when it is verified that less than 5% of accounts on the platform are fake. Musk had pledged to get rid of fake accounts on the microblogging site when his $42 billion
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OKX, a notable cryptocurrency exchange has removed margin and borrowing services for Terra ecosystem tokens such as Anchor (ANC), Mirror (MIR), Luna (LUNA), and TerraUSD stablecoin (UST). Confirming the development to CoinDesk, the exchange said it will terminate the exchange-traded UST market for Bitcoin, Avalanche, Solana, and Ether today at
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Bitcoin, the largest cryptocurrency based on market capitalization, has recovered slightly after gaining over 9% in the last 24 hours. The past week saw Bitcoin have a 5-day straight fall to as low as $24k. However, its price climbed to $30k in the early hours of Thursday and at the
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It has been a week of free fall for LUNA, the native token of the Terra network, as it lost up to 99.7% of its value. The coin is down from $62 at the beginning of the week and $120 in mid-April. This change in market dynamics has also
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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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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