City Ibc Financial News

06.06 / 05:41

cryptos New York AG raises red flag on cryptos, industry highlights the need for regulations

crypto regulations across the globe, the Attorney General (AG) of New York has raised red flags against the risks of crypto trading and mining.New Yok AG Letitia James has warned the investors over these risks as the state pursues efforts to ban proof-of-work (PoW) crypto mining. James stated that the investors have lost billions of dollars and crypto assets are subject to extreme volatility and unpredictable price swing, making them among the most high-risk investments in the market.

03.06 / 11:19

business Ethereum cryptocurrency Bitcoin Crypto market crash: Investments slow down, but trust in BTC, ETH remains

With the recent cryptocurrency market correction, investors in India have taken a breather from stacking their portfolios. However, in the long term, they remain bullish on the top two cryptos, Bitcoin and Ethereum.

17.05 / 09:13

Mudrex Terraform Labs Terra Luna Terra is working to revive LUNA. Will it revisit its old glory?

Terra (LUNA) has laid out a revival plan. The crypto token wiped out almost the entirety of investors' wealth in just a few hours.Terraform Labs founder Do Kwon proposed a “Terra Ecosystem Revival Plan,” and the plan was shared in terra community forum. According to Kwon’s 'Revival Plan,' which aims to restart the entire Terra blockchain, with network ownership getting distributed entirely to UST and LUNA holders through 1 billion new tokens.

17.05 / 08:13

cryptocurrency stablecoins TerraUSD Terra Luna Terra crisis: Family bonds shattered, dreams ripped apart

With last week’s Terra collapse wiping out $40 billion worth of investor wealth, cryptocurrency traders have been rattled and have lost any hope of recovering their money.

08.05 / 10:49

Metaverse crypto market Time VC investment in crypto market hits all-time high: Report

According to a report from Galaxy Digital Research, a New York-based financial services firm, venture capitalists (VCs) have invested more than $10 billion in crypto startups during the first quarter of 2022. This is the largest ever quarterly investment in the crypto industry in a quarter. Interestingly, the sharp surge in VC deals in the crypto space is executed at a time when the crypto markets are trading about 50 per cent below their peaks.

07.05 / 08:33

NFT Metaverse Can there be a metaverse without cryptocurrencies? Here's what experts say

Metaverse has been a buzzing word among technocrats and crypto fanatics. Metaverse are connected 3D virtual worlds, where humans can communicate virtually. However, it is not the complete reality. The term includes a wide range of virtual realities, including workplace tools to games and community platforms. Interestingly, the term 'metaverse' was coined way back in 1992, when the US-based author Neal Stephenson used this word in his 1992 science-fiction novel 'Snow 'Crash,' which envisions a virtual reality-based successor to the internet.

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