Day: May 27, 2022

We Need to Talk About Exchanges That Sell You Coins Like UST

CoinDesk Editor-in-Chief Kevin Reynolds alerted me this week to a striking Linkedin post by a Coinbase (COIN) staffer. In the post, apparently now deleted, the Coinbaser wrote in part that it’s “crazy to me how much market value sits in these (probably) useless projects,” before listing a half-dozen tokens including dogecoin (DOGE), bitcoin cash (BCH), ethereum classic (ETC), shiba inu (SHIB), litecoin (LTC), bitcoin SV (BSV) and bitcoin gold (BTG). Source

ความต้องการ "การ์ดจอ" สำหรับขุด Cryptocurrency ลดฮวบ ! – ASUS ออกมาให้ข่าว

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io หลังจากที่ราคา Cryptocurrency ร่วงลงมาเป็นอย่างหนัก บวกกับเงินกระดาษที่นับวันจะเฟ้อขึ้นทุกวัน และค่าครองชีพที่สูงขึ้น ทำให้ความต้องการในการลงทุนด้านการขุด Cryptocurrency นั้นลดลงอย่างหนัก การ์ดจอ ที่เป็นหนึ่งในอุปกรณ์หลักสำหรับการขุดก็เช่นกัน ทาง ASUS ได้ออกมาให้ข้อมูลว่า ยอดขายสำหรับกลุ่ม Crypto Miner นั้นหายไปอย่างมีนัยยะสำคัญ เนื่องการการขุดที่อาจจะไม่คุ้มค่าอีกต่อไป ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

How Terra’s collapse will impact future stablecoin regulations

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The collapse of the Terra ecosystem, which subsequently depegged its algorithmic stablecoin TerraUSD (UST) value and crashed it to an all-time low of $0.30, has cast doubt over the future of not just algorithmic stablecoins but all stablecoins in general. UST’s success and stability were intertwined with its sibling, LUNA, which creates arbitrage opportunities that, in theory, should keep UST’s price steady. If UST’s price drops below $1, it can be burned in exchange for LUNA, which lowers the supply of UST and raises its price. Conversely, if UST’s price…

Bitcoin price approaches key support levels to avoid ‘cascade south’

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Bitcoin (BTC) clung to $29,000 at the May 27 Wall Street open as crucial support levels lay just hundreds of dollars from spot price. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Trader demands higher low above $28,000 Data from Cointelegraph Markets Pro and TradingView confirmed volatility once again waning in a frustrating week’s price action. BTC/USD found itself in a tight corridor on the day, and for Cointelegraph contributor Michaël van de Poppe, it would not take much deviation to disrupt the status quo. “Technically speaking, when it comes to Bitcoin,…

Terra lanzaría su nueva blockchain el sábado, seguida del airdrop de LUNA

Los titulares de LUNA y terraUSD (UST), una stablecoin vinculada al dólar estadounidense, son elegibles para recibir nuevos tokens LUNA de manera conferida en función de sus tenencias anteriores. Esto, en teoría, permitiría a los antiguos titulares recuperar parte del valor de inversión perdido al tiempo que incentivaría el uso de la nueva cadena de bloques. Source

Digital Assets Exchange Crypto.com Lists New Ethereum-Based Altcoin

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Singapore-based digital asset exchange Crypto.com is following in the footsteps of other top exchanges and listing a new Ethereum (ETH)-based altcoin focused on developing the Web3 space. Crypto.com recently rolled out support for Project Galaxy (GAL), which bills itself as the largest Web3 credential data network in the world. The project’s native token, GAL, just launched earlier this month and has seen its price plummet nearly 75% from an all-time high of $18.32 on May 6th to $4.71 at time of writing. GAL is used for governance in the Project…

3 reasons why Bitcoin is regaining its crypto market dominance

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Bitcoin (BTC) is regaining its lost crypto market dominance even as it trades nearly 60% below its record highs. Bitcoin dominance at 6-month highs The Bitcoin Market Dominance (BTC.D) index, a metric that weighs BTC’s market capitalization against the rest of the cryptocurrency market, jumped to around 47% on May 27, its highest since October 2021. Bitcoin Market Dominance daily chart. Source: TradingView The dominance index swelled despite the drop in Bitcoin’s market cap in the last six months from $1.3 trillion in November 2021 to nearly $550 billion in…

Digital identity in the Metaverse will be represented by avatars with utility

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The Metaverse is poised to become tech’s next trillion-dollar opportunity, as an increasing number of companies are showing interest in immersive virtual spaces that will allow consumers to go beyond what’s possible in real life. This was highlighted in a recent report from CB Insights, which found that the Metaverse will disrupt at least 13 leading industries including fashion, retail, gaming, education and more.  While notable, various metaverse environments are still underway. For example, tech giant Microsoft announced on May 24 the creation of an “industrial metaverse,” which will allow…

Binance And Kazakhstan Ink MOU On Crypto, Blockchain Regulation

Binance will aid the Kazakhstani government in its measures to regulate the country’s cryptocurrency market. The biggest cryptocurrency exchange by trading volume, Binance will provide assistance in integrating the local financial infrastructure with the growing digital assets market. Binance announced the signing of a Memorandum of Understanding with Kazakhstan’s Ministry of Digital Development, Innovations, and Aerospace Industry on Thursday. In the MOU, both parties declared an interest in the inclusion and growth of crypto assets. Suggested Reading | Bitcoin Superfan Jack Dorsey Bids Adios To Twitter Board CZ Meets With Kazakhstani President…

After the Terra LUNA Fallout, Bitcoin Dominance Climbs Higher While Ethereum’s Valuation Shrinks – Market Updates Bitcoin News

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Following the Terra LUNA and UST fallout, digital currency markets have dropped in value as the crypto economy dropped 6.93% from $1.356 trillion on May 22, to today’s $1.262 trillion. Amid the market carnage, bitcoin’s market dominance has increased to 43.8%, reaching the highest value since October 30, 2021. Moreover, ethereum’s market dominance has slid from 19.56% on April 16, to today’s 17.1%. Bitcoin Dominance Reaps Rewards from Terra’s Demise Bitcoin (BTC) dominance among the 13,445 crypto market caps in existence today is 43.8%, the highest it has been in…