The crypto trading platform said it expects to have liquidity of over $225M after the offering is completed. Source
Voyager Digital Raises $60M in Private Placement Led by Alameda
Day: May 16, 2022
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Breaking Financial Shackles & Making Crypto Trading Easier
CoinEx, a crypto exchange that serves more than 3 million registered users in over 200 countries and regions, has adopted a new brand slogan — Making Crypto Trading Easier. We interviewed Mr. Haipo Yang, CoinEx’s founder and CEO, and discussed topics concerning CoinEx and the future development of the crypto industry. Q: What are the considerations behind CoinEx’s new slogan — Making Crypto Trading Easier? A: Today’s crypto market has entered a new stage in terms of technological progress, market scale, and user base. At its height, the total market…
Deus Finance’s dollar-pegged stablecoin DEI falls below 60 cents
As the market continues to mourn over losses on the Terra UST and LUNA debacle, DEI, a stablecoin used as a collateral mechanism for third-party instruments built on the Fantom-based decentralized finance (DeFi) protocol DEUS Finance (DEUS), has failed to maintain its dollar peg, falling below 60 cents on Monday. As the price of DEI hit an all-time low of $0.52, its market capitalization also followed, dropping from almost $100 million to around $52 million. However, despite the depegging of its stablecoin, DEUS Finance’s governance token, DEUS went up from…
CBDC activity heats up, but few projects move beyond pilot stage
Government-issued electronic currency seems to be an idea whose time has come. “More than half of the world’s central banks are now developing digital currencies or running concrete experiments on them,” reported the Bank for International Settlements, or BIS, in early May — something that would have been unthinkable only a few years ago. The BIS also found that nine out of ten central banks were exploring central bank digital currencies, or CBDCs, in some form or other, according to its survey of 81 central banks conducted last autumn but…
BTC Below $30,000 to Start the Week – Market Updates Bitcoin News
Following a volatile weekend of trading, cryptocurrency prices consolidated to start the week, with BTC close to its long-term floor. Overall, bitcoin was trading marginally below $30,000, with ETH hovering slightly above $2,000. Bitcoin BTC started the week trading below $30,000 following a volatile weekend of trading, which saw prices mainly consolidate. Following a rise to a peak of $31,308.19 during Sunday’s session, BTC/USD fell to an intraday low of $29,412.58 on Monday. Today’s low has seen prices approach the long-term support level of $28,800, following a rebound from this…
The Liquidifty Platform Breaks the Borders and Create New Opportunities for Creators
The rapid development of the cryptocurrency and NFT markets has given rise to classic problems, such as an oversupply of products and limited liquidity. This problem has created the prerequisites for a certain crisis in the discovery and improvement of projects that move the industry forward and become in demand in the global cryptocurrency market. In the digital age, dozens of NFTs and P2E projects are launched every day with gigantic value but limited opportunities. Every day, dozens of talented and inventive creators create unique and valuable NFTs but dissolve…
What happened to the bitcoin reserve behind Terra’s UST stablecoin?
Bitcoin fell below the $26,000 level since December 2020. (Photo credit should read CFOTO/Future Publishing via Getty Images) CFOTO | Future Publishing via Getty Images Investors have been eager to find out what happened to the more than $3 billion in bitcoin bought up by crypto firm Terra to back its failed stablecoin. Now, they’ve got their answer. Luna Foundation Guard, a fund set up by Terra creator Do Kwon, said Monday it spent almost all of the bitcoin in its reserve last week in a futile attempt to save…
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Fantom Stablecoin DEI Becomes Latest to Lose Dollar Peg
DEI lost as much as 46 cents in European hours this morning. It follows a trend of several algorithmic stablecoins losing their pegs. Source