Technology

Citi, Wells Fargo, BNY Mellon Invest in Crypto Firm Talos as Institutional Adoption of Digital Assets Accelerates

May 11, 2022 0

Several major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to remove “the barriers to wide-scale crypto adoption.” The latest funding round values the company at $1.25 billion. Citi,

Technology

Independent Russian News Site Meduza Raises Over $200,000 in Crypto

May 11, 2022 0

Pressure from the Kremlin and sanctions from the West have forced Russian news outlet Meduza to increasingly rely on cryptocurrency donations to fund its independent journalism. As the restrictions imposed over Moscow’s invasion of Ukraine have prevented its Russian readers from contributing in fiat currency, the Riga-based website now accepts several digital coins. Meduza

Technology

Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions

May 11, 2022 0

Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to the current $139.81 billion. The sudden value drop stemming from Terra’s native assets, LUNA and UST, has pushed Lido down to the third-largest TVL position […]

Technology

Biggest Movers:  SOL, NEAR, and AVAX Drop More Than 20% Lower on Wednesday

May 11, 2022 0

Solana, NEAR and AVAX were all trading over 20% lower on Wednesday, as global crypto markets continued to fall on hump-day. The cryptocurrency market cap is currently down 6.35%, as traders continued to digest the recent crash in the price of LUNA and UST. Solana (SOL) Solana was down by over 20% during Wednesday’s trading […]

Technology

Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy

May 11, 2022 0

During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value against the U.S. dollar in 24 hours. Terrausd has slipped 67% lower than the $1 parity and […]

Technology

Bitcoin, Ethereum Technical Analysis: ETH Bounces Back, up 2%, While BTC Climbs Above $30,000

May 11, 2022 0

Following a fall below $30,000 on Tuesday, BTC marginally rebounded, as prices began to consolidate above support. ETH was also higher in today’s hump-day session, climbing above $2,400 in the process. Bitcoin Bitcoin’s bleeding somewhat eased on Wednesday, as a marginal rebound pushed the price above $30,000. Prices were trading below this level on Tuesday, […]

Technology

LUNA, UST Move Closer to Zero, as Do Kwon Asks Holders to ‘Stay Strong’

May 11, 2022 0

Do Kwon has urged holders of LUNA to “stay strong,” as the price moves ever closer to zero. Following the UST stablecoin losing parity with USD, prices have plunged, falling to a new low this morning. LUNA, UST Tumble Toward Zero As of writing, LUNA/USD is trading at $5.45, which is marginally higher than its […]

Technology

Putin Obliges Election Candidates to Report Crypto Holdings Outside Russia

May 11, 2022 0

President Vladimir Putin has approved amendments to his own decree requiring Russian citizens running for office to declare their property abroad. The updated regulation lists cryptocurrencies among the assets that candidates should report to the state. President Putin Requires Russian Officials to Reveal Crypto Asset Purchases in Foreign Countries Candidates for

Technology

Mexican Crypto Exchange Bitso Launches Stable Yield Program

May 11, 2022 0

Bitso, a Mexico-based cryptocurrency exchange, is expanding its range of crypto investing options. The company has announced it will now allow customers to earn funds just by holding bitcoin or stablecoins in its wallet. The program, called Bitso+, will offer different yields based on the quantities deposited by users, and it is designed to help […]

Technology

Cryptocurrency Exchange Kucoin Raises $150 Million in Pre-Series B Funding Round, Reaches $10 Billion Valuation

May 11, 2022 0

Kucoin, a Seychelles-based cryptocurrency exchange, has announced it has raised $150 million in a pre-Series B funding round. The negotiation, which was led by Jump Crypto with the participation of other investors including Circle Ventures, IDG Capital, and Matrix Partners, has conferred the exchange a valuation of $10 billion. The exchange will use these funds […]