Fri, February 7

VCs Are Going All-In on Web3, How Will They Change the Industry?

Web3 is the newest layer of the internet that includes blockchain, cryptocurrencies, the metaverse, NFTs, and decentralized applications (dApps). It has recently seen a massive influx of cash from venture capital firms such as early Facebook and Twitter investor Andreessen Horowitz (a16z). But some avid Web3 users worry that too

May 17, 2022 3 mins read

US CRS Reports Improper Regulations on Stablecoins, Amidst UST Crash

The US CRS  puts out a report on the UST crash. Shows regulatory unfulfillment with stablecoins. New fork to be out by Terra LUNA. The downfall of Terra’s UST and LUNA ought to be the hottest topic for the year 2022, so far. Amidst such unimaginable fall, regardless of the

May 17, 2022 2 mins read

Dogecoin Creator Billy Marcus Slams Dubious Crypto Projects Harming Crypto Industry

Dogecoin’s inventor isn’t holding back in his criticism of rogue cryptocurrency projects. Billy strongly urged investors to do their research and not rely on hyped YouTube videos. Cryptocurrencies remain divisive, even after years of development; some hail them as blessed while others call them evil. Their most appropriate term is

May 17, 2022 2 mins read

Ethereum Co-founder Vitalik Buterin Pens His Heart Out in a Series of Twitter Thread

In a recent sequence of tweets, Ethereum co-founder Vitalik Buterin put bare his inner battles, which he deems “some still open contradictions in my thoughts and my values.” The entire thread commenced with the “contradiction between my” phrase, and it seemed like the Ethereum co-founder was spilling his heart out.

May 17, 2022 2 mins read

There’s More Behind and Beyond Bitcoin’s Bearish Era

BTC in 2022 exhibited 7 straight red candles, setting a new record. The bearish trends correlate with the 2018, 2014, and 2015 trends. Fierce global inflation and the Fed’s intervention have caused both the on-chain and off-chain markets to crash down. Bitcoin, the giant crypto, is going down the lane

May 17, 2022 2 mins read

Spotify to Roll Out New Feature Allowing Artists to Promote NFT

On an external marketplace, the user will be able to buy the NFT. All participants will be given access to a limited quantity of NFTs published. It was revealed this weekend by Music Ally, a website that specializes in music and technology, that Spotify has begun a test of new

May 17, 2022 2 mins read

9,219 Bank Accounts Frozen by Iran Over Suspicious Crypto Transactions

The Ministry of Finance froze more than 9,219 bank accounts belonging to 545 people. Iranian authorities are also taking action against cryptocurrency mining beyond the law. According to a statement released Saturday, foreign cash and cryptocurrency transactions have been deemed suspicious by Iran’s Ministry of Intelligence. The Ministry of Finance

May 17, 2022 1 min read

Fantom-based DEI Stablecoin Loses Peg to Dollar, Falls 34% in Last 7 Days

The lack of liquidity was attributed in part to traders fleeing stablecoin pools. DEI’s price was $0.67 yesterday, down 31.9 percent in the last 24 hours. Stablecoins seem to be having a terrible time. Next in line to join the bandwagon is Fantom-based Deus Finance’s DEI, which recently fell from

May 16, 2022 2 mins read

Polygon CEO Announces Support to Terra Projects For Migration to 0xPolygon

Polygon PoS chains are available for Terra community initiatives as per Sandeep Nainwal. Talk of Terra’s recent downfall has been a topic of conversation. The crypto market has been rocked by the breakdown of the Terra ecosystem in the previous week. The neighborhood is getting a lot of aid from

May 16, 2022 2 mins read

FTX CEO Sam Bankman-Fried Criticizes Bitcoin as a Payments Network

The most popular cryptocurrency uses a lot of energy. The number of machines involved in Bitcoin mining has constantly increased. According to FTX CEO Sam Bankman-Fried, Bitcoin is not an acceptable payment network. On Monday, he told the Financial Times that “The Bitcoin network is not a payments network and

May 16, 2022 1 min read