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GBPT: Introducing the New Sterling-Based Stablecoin
Tether’s Fifth Stablecoin Release The GBPT will be Tether's fifth stablecoin. Other stablecoins issued by Tether include USDT, EURT, CNHT, and MXNT. USDT remains the largest stablecoin and ranks as the third-largest cryptocurrency by market capitalization,...
LUNA Collapses to $0 as TerraUSD (UST) Loses Dollar Peg
Terra’s Bitcoin Reserves UST has struggled to maintain its peg in recent weeks, leading the company to purchase Bitcoin reserves worth $1.5 billion. Do Kwon, the CEO of Terraform Labs, stated his intention to acquire Bitcoin reserves worth $10 billion to stabilize...
UST Falls to $0.39 While Terra Futures Liquidations Hit $106M
Price Movements and Market Impact The ongoing crypto downturn has seen many cryptocurrencies lose 20% of their value. However, Terra’s LUNA has been hit harder, dropping by 78%, while its stablecoin, TerraUSD (UST), has fallen by over 61%, bringing its value down...
Krew Launches Klaytn-Based DeFi Accelerator
The Experts Behind the Krew DeFi Accelerator The Krew DeFi accelerator launch is powered by a team of seasoned and reputable analysts and founders with extensive experience in venture capital. The team includes Adam Cader, who gained valuable experience in Research...
UST Faces Continued Struggles to Maintain Dollar Peg
As a stablecoin, UST is designed to maintain its value at $1 at all times. However, unlike traditional stablecoins backed by actual US dollars, UST relies on financial engineering mechanisms to preserve its value. This system has been considered risky, as it...
Outland Crypto Platform Raises $5M in Seed Funding
Reasons Behind the Seed Funding Success The seed funding round was led by a prominent investor, OKG Ventures. Other contributors to this round included lesser-known investors such as IMO Ventures, Dragon Roark, and JDAC Capital, all supporting the growing Web3...
Bankoff Crypto Wallets Drained Following Virtual Debit Card Shutdown
Bankoff's Official Announcement of Ceasing Operations Bankoff was a platform that allowed users to issue virtual cards, which they could top up with cryptocurrencies, particularly the stablecoin USDT. This service was particularly useful for Russian users who could...
NFT Meta Pylon Launches First-Ever Sticker Feature
Meta Pylon’s Solution for NFT Art Originating as a Japanese NFT, Meta Pylon merges street culture with cutting-edge experiences to help showcase NFTs in the metaverse. By offering 3D cones via NFTs, Meta Pylon enables users to display their in-wallet NFTs to a...
Luna Foundation Guard Buys $1.5 Billion in Bitcoin
What Is the Luna Foundation Guard (LFG)? The Luna Foundation Guard is a non-profit organization founded in 2017 with the mission to safeguard the blockchain and cryptocurrency industry, particularly within the Terra ecosystem. The foundation supports a large,...
BIS Innovation Hub Partners with Asian Central Banks on Crypto Projects
How Did Project Dunbar Perform? The mCBDC platform is designed to allow seamless transactions between financial institutions using national digital currencies. Project Dunbar successfully operated 24/7, completing transactions within seconds—drastically reducing...
Hungry Sausages NFT Collection Teams Up with Chef Nic
More Than Just a Cold Sausage HSL was founded by three individuals from diverse fields—creative, F&B, and finance—who shared a vision of blending physical and virtual experiences. The collection follows the journey of 5000 unique sausage characters, each with...
Binance Gains Regulatory Approval in France
Binance Becomes the First Authorized Crypto Exchange in France Binance is now officially the first major crypto exchange to be registered in France and aims to expand cryptocurrency services and education across Europe. The company has highlighted that greater...
Impact of 0.25% Interest Rate Hike on Crypto Markets
How Rate Hikes Affect the Crypto Market The 0.25% rate hike has impacted many cryptocurrencies, including Bitcoin and Ethereum, which have experienced sharp declines in value. Highlights include: Bitcoin (BTC), which hit an all-time high of $70,000 in November...
Central African Republic Makes Bitcoin Legal Tender as Second Nation
The Announcement Obed Namsio, the Chief of Staff in the President’s office, shared the news, stating that President Faustin-Archange Touadéra signed the law, placing CAR among the world's most progressive and visionary countries. Following the announcement, Martin...
Yuga Labs Triggers ETH Crash with Virtual Land Sale
Reasons Behind the High Demand for Yuga Labs NFTs Yuga Labs’ nonfungible tokens (NFTs) have gained significant popularity, with some selling for hundreds of thousands of dollars. The Bored Ape NFTs are among the most well-known, attracting celebrity owners like...
EU Confirms No Limits for PoW Cryptos Under New Rules
Understanding the Proof of Work System Proof of Work is a consensus mechanism that rewards miners for lending computational power to validate blockchain transactions. While effective in securing networks, PoW consumes significant energy—comparable to the power...
Robinhood Releases Q1 Financial Report
Cryptocurrency trading revenue experienced a 39% decline, falling to $54 million in Q1, largely due to a decrease in interest surrounding meme stocks and a continued downturn in the cryptocurrency market. Criptochipy.com suggests that Robinhood's lack of a...
President Biden Signs Historic Executive Order on Cryptocurrencies
Key Elements of the Executive Order The executive order aims to evaluate the risks and benefits of cryptocurrencies. It instructs federal agencies to ensure cryptocurrency laws align with those of the US's international allies and directs the Financial Stability...
Former Jefferies Exec and Ex-Euronext CTO to Launch Institutional Crypto Exchange
What market gap will the exchange target? The three founders are creating a crypto exchange that aims to meet the needs of both traditional financial institutions (TradeFi) and crypto-native organizations that require low-latency infrastructure. Mazzarese...
Ukraine War and Its Ripple Effects on the Crypto Market
The Role of Cryptocurrencies in a World of Uncertainty The world faces unprecedented challenges. The aftermath of a global pandemic, Europe’s first major war in decades, soaring US inflation, and extreme market volatility have all created an uncertain global...
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