Month: May 2022

LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead?

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Terra (LUNA) has plunged significantly after witnessing a FUD attack on its native stablecoin TerraUSD (UST). The LUNA/USD pair dropped 20% between May 7 and May 8, hitting $61, its worst level in three months, after a whale mass-dumped $285 million worth of UST. As a result of this selloff, UST briefly lost its U.S. dollar peg, falling to as low as $0.98. UST daily price chart. Source: TradingView Excessive LUNA supply LUNA serves as a collateral asset to maintain UST’s dollar peg, according to Terra’s elastic monetary policy. Therefore, when…

6 Questions for Ming Duan of Umee – Cointelegraph Magazine

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We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Ming Duan, the co-founder and chief operating officer of Umee, a cross-chain DeFi hub that allows decentralized interactions between different blockchains.   Ming Duan’s knowledge of the crypto and blockchain world goes back to 2014 when she initially learned about the emerging industry through the first-ever blockchain course taught at a business school.…

APE Takes A Beating As It Sheds 50% Of Its Price

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APE must cling tight, or else it falls and suffer a major “injury.” Non-fungible tokens and the metaverse are no longer merely buzzwords in the cryptocurrency industry. In 2021 alone, the market for NFTs was valued at $40 billion, a tremendous increase from the previous year. This market has continued to expand this year with the emergence of new NFT marketplaces. We also observed a new coin — ApeCoin — causing a sector-wide ruckus in tandem with this expansion. Suggested Reading | Moonbirds And Solana NFT Trading Volume Is On…

Top 5 FREE Play to Earn Crypto NFT Games with NO Investment

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, we’ll present to you a list of the Top 5 Free-To-Play Play to earn NFT Games with which you can get started with absolutely zero investment! There are a lot of NFT games out there for people to check out. However, one thing that usually discourages a person from playing is that it needs investment. That’s normal because if you invest in stocks, you need money to get money. It’s the same for NFT games where a lot of…

Joe Rogan Says Bitcoin Is ‘Freaking Out’ Government, the Latest on Inflation, and More — Bitcoin.com News Week in Review – The Weekly Bitcoin News

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Another whirlwind week in crypto draws to a close, and of course there’s no shortage of spicy stories and new, compelling narratives in the world of innovative digital money. This week, Elon Musk gives investment advice, United States Securities and Exchange Commission chair Gary Gensler catches flack from SEC commissioner Hester Peirce, and Joe Rogan calls bitcoin a viable currency, noting that it’s got the government “freaking out.” Buckle up and look lively, this is the Bitcoin.com News Week in Review. Joe Rogan: Bitcoin Is Now a Viable Currency and…

Bitcoin Mining Stocks Rising 📈

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Shares of cryptocurrency mining companies soared early on Monday as bitcoin rallied. Hut 8 Mining, Marathon Digital Holdings, Riot Blockchain, Bitfarms, Bit Digital, and Hive Blockchain all leapt over 15%. The stocks tend to move in the same direction as bitcoin, though many of them have outperformed the cryptocurrency in 2021. #Bitcoin #BTC #Crypto ~Bitcoin Mining Stocks Rising 📈~ ⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺ Become a Diamond Circle Member FREE! ➜ Subscribe on YouTube ✅ Facebook 📱 Twitter 📱 Crypto Power Index Beta Access ➜ iTrustCapital…

LBank and Adanian Labs Kickstarts a ‘Crypto Accelerator Program’ in Kenya – Press release Bitcoin News

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press release PRESS RELEASE. The blockchain ecosystem is growing exponentially. It has brought prosperity to most African countries by creating wealth for individuals and fast economic growth for their people. However, many believe that the region is yet to tap into its full potential, that is, leveraging blockchain technology to build a solid ecosystem. As a result, there has been an increasing global interest in Africa recently, with many prominent investors and companies looking to invest in this promising continent. LBank has set up shop in various locations across Africa…

Majority of Russia’s Financial Pyramids in Q1 Linked to Crypto, Scammers Exploit Sanctions Topic – Bitcoin News

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Many of the financial pyramids identified in Russia during the first quarter of the year have been associated with cryptocurrencies, a top central bank official has revealed. Fraudsters are actively exploiting the hot topics of the day, including the sanctions theme. Pyramids Offer Russian Investors Ways to Circumvent Western Sanctions Amid growing financial uncertainty, Ponzi schemes advertising opportunities to invest in digital assets are mushrooming in Russia. Of all financial pyramids detected by regulators in the first three months of 2022, well over half have used cryptocurrency as a lure.…

What they have been and what they are becoming

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There’s been a tremendous amount of hype and misinformation about nonfungible tokens (NFTs) since they appeared on the scene in 2014, particularly since the total market for them passed $24 billion. You can’t open a news feed without an article about nonfungible tokens popping up. These inevitably contain the obligatory “An NFT is a” paragraph for newcomers… and for readers who’ve consumed a dozen similar articles but still don’t get it. If you’re among the latter, you’ve come to the right place.  NFTs really can be important and useful, and…