This week the crypto market endured a sharp drop in valuation after Coinbase, the leading U.S. exchange reported a $430 million quarterly net loss and South Korea announced plans to introduce a 20% tax on crypto gains. During its worst moment, the total market crypto market cap faced a 39% drop from $1.81 trillion to $1.10 trillion in seven days, which…
In this guide, I will explain the options at your disposal for encrypting files using open-source software on a Linux, Mac, or Windows computer. You can then transport this digital information across distance and time, to yourself or others. The program “GNU Privacy Guard” (GPG) an open-source version of PGP (Pretty Good Privacy), allows: Encryption using a password.Secret messaging using…
In a Friday announcement, Pham said Keaghan Ames will be her counselor and senior policy adviser at the CFTC starting May 23. Ames worked at Credit Suisse for more than two years as vice president and head of U.S. regulatory policy, which included advising executives on digital assets regulation. He will be joining the CFTC from the Institute of International…
According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just last week. Of course, the climactic terrausd (UST) failure wiped out billions from the stablecoin economy, and Binance’s stablecoin BUSD has recently entered the top ten crypto market capitalization positions.…
Its’ been a rough week for the cryptocurrency market, primarily because of the Terra ecosystem collapse and its knock-on effect on Bitcoin, Ethereum and altcoin prices, plus the panic selling that took place after stablecoins lost their peg to the US dollar. The bearish headwinds for the crypto market have been building since late 2021 as the US dollar gained strength…
As the Bitcoin network’s hashrate continues growing, the dynamics of the mining industry and the types of participants are more diverse than ever. Of course, most bitcoin investors are familiar with self-mining, billion-dollar-market-value giants like Riot Blockchain, and rumors of historic partnerships between energy titans like ExxonMobil and off-grid bitcoin miners. But beyond these somewhat typical and expected corporate actors,…
Bitcoin (BTC) rebounded sharply after dropping near its realized price of $24,000 on May 12, suggesting some bulls went against the herd and bought the dip. According to on-chain analytics platform CryptoQuant, the exchange balances declined by more than 24,335 Bitcoin on May 11 and 12, indicating that bulls may have started bottom fishing. However, macro investor Raoul Pal is…
Ukrainian officials have used funds from the crypto donation platform launched by the government to purchase supplies for the country’s military amid the ongoing war with Russia. In a Friday tweet, Ukraine’s minister of digital transformation Mykhailo Fedorov announced the country had purchased five all-terrain vehicles which “will come in handy for a challenging environment” — possibly referring to conditions…
Terraform Labs co-founder Do Kwon has tabled a proposal to preserve the Terra ecosystem following the historic de-pegging of its algorithmic stablecoin, UST, and the resulting death spiral that plunged LUNA tokens to practically zero. In a Friday post on Terra’s research forum, Kwon said, “The Terra community must reconstitute the chain to preserve the community and the developer ecosystem.”…
After a short absence from Twitter and social media, Terra co-creator Do Kwon emerged on Friday to propose an “ecosystem revival plan” for the network. In it, he suggests that UST is not coming back—and the Terra blockchain must redistribute tokens to move forward. “The holders of Luna have so severely been liquidated and diluted that we will lack the…
