Altcoins

Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout

Coins Legend June 19, 2022 0

Amid the crypto market carnage this weekend, another stablecoin slipped below the $1 peg on Saturday, June 18, as the crypto asset called magic internet money (MIM) briefly dropped to a low of $0.914 per unit. The Abracadabra-issued stablecoin dropping in value follows the recent terrausd (UST)

Technology

Value Locked in Defi Slips to $74 Billion, Top Smart Contract Tokens Down Over 70% This Year

Coins Legend June 18, 2022 0

Decentralized finance (defi) has been hit hard by the recent crypto market rout as the total value locked (TVL) across 118 different blockchains has slipped below the $100 billion mark to today’s $74.27 billion. The TVL in defi today is down more than 70% from its December 2, 2021, all-time high (ATH) at $253.91 billion. […]

News

Rock Legend Gene Simmons Owns 14 Cryptocurrencies — ‘I Have Not Sold a Single Position Since the Downturn’

Coins Legend June 17, 2022 0

Rock band Kiss’ lead singer Gene Simmons has revealed that he owns 14 cryptocurrencies and has not sold any since the crypto market downturn. Gene Simmons Says ‘I am a Hodler’ Gene Simmons has reaffirmed that he is a hodler and has not sold any of his 14 cryptocurrencies since the crypto market downturn. Simmons […]

Market updates

Biggest Movers: MATIC Slides to 1-Year Low as LINK Rebounds Following Losses

Coins Legend June 15, 2022 0

MATIC fell to a one-year low on Wednesday, as crypto markets continue to crash this week. The decline sees MATIC almost 10% lower, and comes as LINK rebounded on Wednesday, hitting a four-day high in the process. Polygon (MATIC) MATIC was a notable mover on hump-day, as prices of the world’s 20th-largest cryptocurrency fell by […]

Altcoins

Despite Overcollateralized Reserve, Tron’s USDD Stablecoin Slips to $0.974 per Token

Coins Legend June 14, 2022 0

Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a small amount of instability continues to plague the fiat-pegged token. The dip to $0.97 follows Monday’s deviation from the parity and comes after the Tron […]

Market updates

Skybridge Founder Advises How to Survive Crypto Bear Market — ‘We Are in a Bloodbath’

Coins Legend June 14, 2022 0

Anthony Scaramucci, the founder of Skybridge Capital, a $3.5 billion asset management firm, has some advice for crypto investors on how to survive a bear market and a crypto bloodbath. Scaramucci on How to Survive Crypto Bear Market Skybridge Capital founder Anthony Scaramucci shared his bitcoin outlook and advice on how to survive the crypto […]

Regulation

EU Nears Agreement on Crypto Regulations, Report Reveals

Coins Legend June 12, 2022 0

Authorities in the EU are moving closer to a deal on a legislative package tailored to comprehensively regulate the crypto market and related activities in Europe. According a media report, an agreement on the key legislation is likely to be reached as early as this month. Deal on EU Crypto Law Expected by End of […]

Technology

Defi Platforms and Smart Contract Tokens Suffer the Most During the Crypto Market Rout

Coins Legend June 12, 2022 0

While the crypto economy has dropped lower in value against the U.S. dollar, sliding to just under $1.2 trillion, the value of decentralized finance (defi) protocols and smart contract tokens has suffered a great deal. Statistics show that the total value locked in defi has dropped 7.96% since May 18, to roughly $104 billion, and […]

Market updates

Microstrategy CEO Expects Bitcoin to ‘Go Into the Millions’ Despite Crypto Market Sell-Off

Coins Legend May 20, 2022 0

Microstrategy’s CEO has predicted that bitcoin is “going to go into the millions” despite the recent cryptocurrency market sell-off. Noting that the cryptocurrency is the future of money, he said: “We are in it for the long term.” Microstrategy Sees Bitcoin as the Future of Money The CEO of the Nasdaq-listed software company Microstrategy, Michael […]

News

VegaX Expands B2B Technology for Institutional Clients to Unlock Crypto Market

Coins Legend April 28, 2022 0

PRESS RELEASE. NEW YORK, April. 28, 2022 — VegaX Holdings (“VegaX”), the cryptocurrency index platform providing actionable cryptocurrency indexes and index-based asset management products for traditional investors globally, announced the company’s first partnership with institutional investment manager, UNCAP Investment Management, providing the fund with access to