Nearly half of all Bitcoin holders are underwater today as the price of the world’s largest cryptocurrency continues to crash. It briefly plunged below $30k in the early hours on Tuesday, before recovering slightly. Starker still, data from IntoTheBlock suggests a staggering 47.2% (or 21.68 million) of wallets holding Bitcoin are currently down on their investment, forming a slight majority…
NASA, the U.S. space agency, has partnered with Epic Games, the company behind Fortnite, to build a challenge for developers to help create a Martian metaverse experience. The challenge will include various tasks, including designing several key environments for Martian astronauts, which will be rendered using Epic Games’ Unreal Engine 5 to provide a realistic environment. NASA to Develop…
Bitcoin (BTC) is for all. For you, for Michael Saylor in Miami, and for 38-year-old Jorge, a Mozambican family man who’s using the largest cryptocurrency to make ends meet. Jorge, who goes by his first name for anonymity, lives in the tiny village of Bomba, Mozambique, on its southeast coast. Since the Covid-19 pandemic stripped away tourism from the sleepy surf town,…
PayPal-backed cryptocurrency firm Talos is becoming the latest unicorn in the industry, reaching a $1.25 billion valuation following new funding. Talos has raised $105 million in Series B funding round led by a major global growth equity firm, General Atlantic, according to an announcement released on May 10. The funding will help Talos extend its institutional-grade digital asset platform as…
Bitcoin (BTC) upended buy trends through May 10 as BTC/USD sank below $30,000 for the first time since July 2021. Data from on-chain analytics firm CryptoQuant showed exchange reserves start increasing as panic gripped crypto markets. BTC flows back to exchanges After seeing a sustained downtrend, the amount of BTC on major exchanges has begun to increase again. According to…
press release PRESS RELEASE. Georgetown, Cayman Islands, May 10, 2022 – Today, HUMAN Protocol has announced that it has awarded a grant to VeritaTrust to power on-chain reviews. Following the announcement of HUMAN Protocol’s $10 Million funds dedicated to grants, this work with VeritaTrust represents their very first grant awarded since the inception of this program. VeritaTrust are seeking to…
A new report has concluded that restrictions on cryptocurrency trading, as well as the banning of Twitter by Nigerian authorities, may have “crippled foreign direct investment in the fintech industry.” Foreign Direct Investment ‘Crippled’ A new report has found that restrictions imposed by Nigerian authorities on crypto trading may have contributed to the reduced foreign direct investment that goes to…
Security breaches and hacks often highlight the risks of storing Bitcoin (BTC) on centralized exchanges. One analyst even claims that keeping your BTC on exchanges is also a factor for price dips. Rufas Kamau, research and markets analyst at Scope Markets Kenya, explained his thoughts on how keeping BTC on an exchange lowers coin price. Kamau believes that buying BTC…
Binance announced that withdrawals for Terra’s LUNA and UST tokens had been “temporarily suspended” today. The firm halted withdrawals “due to a high volume of pending withdrawal transactions,” adding that it would restart withdrawals once it deemed “the network to be stable and the volume of pending withdrawals” had reduced. Binance’s actions come amid an incredibly volatile period for LUNA…
As the crypto community still tries to decipher Terra’s ongoing pegging-de-pegging fiasco in relation to its stablecoin offering TerraUSD (UST), major crypto exchange Binance temporarily suspended the withdrawals for Terra (LUNA) and UST on Tuesday. The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1.00 price point as LUNA’s price witnessed a sharp decline owing to a…
