Cardano-based accelerator program Genius X has seen more than $105 million worth of ADA delegated to its initial stake pool offering (ISPO). This comes after the firm’s decentralized automated market maker and liquidity management protocol Genius Yield completed its ISPO on May 10, with over 14,500 delegators staking 270 million ADA across four official stake pools, making it one of…
The annual meeting of the World Economic Forum (WEF) is scheduled to take place from May 22–26, marking the first in-person WEF global leadership event since the pandemic began. The annual meeting was first scheduled for January but was later turned into a virtual event in light of growing COVID-19 infections during the winter. The Davos Agenda 2022 virtual event…
This week’s whirlwind price swings in crypto markets continued on Friday, with BTC moving higher, following yesterday’s declines. Bitcoin has risen back above $30,000 on Friday, with ETH also climbing above its $2,000 point. Bitcoin Bitcoin was trading higher on Friday, as price uncertainty in crypto markets continued to grip traders, leading mainly to consolidation. Following a decline to a…
While there are risks associated with crypto investing, some see it as a way to boost their family savings, a recent study commissioned by crypto trading platform BitMEX shows. The survey, conducted by research firm Kantar, tried to discover crypto-related trends among consumers in 2022. Going through 3,000 respondents within 14 markets in Europe, Asia and Latin America, the study…
The UK’s Financial Conduct Authority (FCA) “will absolutely need to take into account” the recent instability in crypto markets when beginning its work on a new regulatory framework for cryptocurrencies later this year. This is according to Sarah Pritchard, FCA’s executive director for markets, who shared her view on the dramatic collapse of the TerraUSD (UST) stablecoin and its sister…
TerraUSD (UST) is an algorithmic stablecoin that is pegged at $1.00. But, on the evening of May 19, it was trading for $0.083. This isn’t supposed to happen, of course, but last week UST, along with its affiliated coin Terra (LUNA), performed a sort of death spiral that “wiped nearly $50 billion of investor wealth in a few short days,”…
Coinbase on Thursday deepened its ties to the WNBA (Women’s National Basketball Association), and many basketball fans were far from excited about the news. The U.S. crypto brokerage, rapidly inking more sponsorships across pro sports, already became the official cryptocurrency platform of the NBA and WNBA last October. Now it has added partnerships with the WNBA’s player union (WNBPA), the…
TerraUSD (UST) flipping BinanceUSD (BUSD) for the third spot in the market capitalization list didn’t last long. The once-mighty stablecoin that powers the entire Terra ecosystem finds itself reduced to “Terra is more than UST” tweets. While no one knows for sure if LUNA can stage a comeback, UST will certainly go down as one of the algorithmic stablecoins that…
press release PRESS RELEASE. The Dvision Network has recently announced the new ‘LAND Staking Feature’ in their Dvision Metaverse, with the development being finalized to present a new use case to the virtual plot owners. According to the official statement, users who possess Dvision LAND NFT may now stake it and obtain DVG points or additional NFT items via the…
The world’s largest cryptocurrency exchange Binance today announced that it has integrated the layer-2 scaling solution Optimism. However, the exchange only supports deposits at this time; withdrawals aren’t available until the exchange achieves optimal liquidity, explained the exchange. “Binance will open withdrawals for ETH on Optimism Network once there are sufficient assets in our wallet,” read the announcement. Optimism is…
