On Friday, the value locked in decentralized finance (defi) protocols dropped to a low of $110.35 billion after there was more than $200 billion total value locked (TVL) eight days ago on May 5. One specific defi protocol called Lido, a liquid staking platform and the second largest defi application in terms of TVL size today, has lost significant value…
Cryptocurrency exchange Crypto.com has halted the trading of Terra (LUNA) tokens after it determined that user transactions were quoted at an “incorrect price,” prompting severe backlash from the community. In a Friday news release, Crypto.com said that LUNA trades have been halted due to a pricing error between 12:40 and 13:39 UTC on May 12. “[U]sers who traded LUNA were…
Since decentralized finance (DeFi) first exploded in 2020, the majority of DeFi projects have been built on the Ethereum blockchain. Bitcoin holders who want to access DeFi have often chosen to use wrapped versions of Bitcoin such as WBTC. This has allowed them to use tokens pegged 1:1 to Bitcoin on blockchains such as Ethereum. 2021 and 2022 have seen…
press release PRESS RELEASE. The Vietnamese music celebrity’s videos have garnered close to 2.5 billion lifetime views on Youtube. RACA Hits a High Note Radio Caca (RACA), one of the world’s leading Web 3.0 companies, today announced the collaboration between Radio Caca and Vietnamese celebrity singer Son Tung M-TP, who will join its United States of Mars (USM) Metaverse. Son…
CryptoWendyO heard about Bitcoin (BTC) on the radio and decided to take a risk. Little did she know, the risk she would take would change her life in ways she never thought possible. The influencer shared her Bitcoin journey in this episode of Crypto Stories. In her younger days, life wasn’t too kind to Wendy. According to the crypto influencer,…
During a recent Twitter Spaces event discussing stablecoins and the recent crypto volatility, Tether CTO Paolo Ardoino said that the stablecoin provider had cut the amount of commercial paper backing its stablecoin by half. Ardoino is also the CTO of crypto exchange Bitfinex. “In the last six months, [Tether has] reduced 50% the size of the commercial papers (sic). Everything…
The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, in large part, has been due to the real-time disintegration of Terra, a Cosmos-based protocol that powers a suite of algorithmic stablecoins. Approximately a…
Bitcoin (BTC) failed to clinch $31,000 by the Wall Street open on May 13 as new warnings forecast a continuation of the downside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar declines, stocks bounce at week’s end Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating after reaching just short of $31,000 earlier on the day. United States stock markets…
In brief The crypto market is up 8% over the last 24 hours following days of significant losses. Gaming tokens are seeing sizable gains today, including GALA, MANA, and GMT. It’s been a brutal week for the cryptocurrency market, with hundreds of billions of dollars’ worth of value wiped off the map as Terra’s LUNA and UST collapsed—and apparently dragged…
Cryptocurrency markets were mostly in the green on Friday, as DOT was up by nearly 40%, moving away from an 18-month low. Although SOL, AVAX, and MATIC all rose by over 20%, it was SHIB that was one of the standout gainers in today’s session. Polkadot (DOT) DOT was one of today’s biggest gainers, as it climbed by nearly 40%…
