Blockchain Financial News
17.05 / 12:57
Blockchain
Technology
Adoption
Investments
What is P2P trading, and how does it work in peer-to-peer crypto exchanges?
Peer-to-peer (P2P) trading is a type of cryptocurrency exchange method that allows traders to trade directly with one another without the need for a centralized third party to facilitate the transactions.
17.05 / 12:55
Blockchain
Provident
Lowe's
Action
Filecoin [FIL]: Investors yowling ought to respect the law of opportunity
The crypto market crash of last week has affected every token present in the worst possible way. With plummeting prices and a slow road to recovery, most tokens are still struggling to reach their road to recovery. Filecoin’s native cryptocurrency FIL is no different.
17.05 / 12:11
Blockchain
Stablecoin
SEC
Bitcoin
Threat
financial stability
Financial
This week’s Law Decoded: Is depegging a real threat to financial stability?
This week will be remembered as the one when the stablecoins showed an unexpected ability to depeg. Terra’s TerraUSD (UST) dropped to a shocking $0.29 following the general meltdown of both crypto and financial markets, but it was also the headliner of stablecoins’ niche, while Tether (USDT) lost the balance and slid to $0.96 for a short time.
17.05 / 12:11
business
Blockchain
Adoption
foundation
network
NEAR developers to get seamless Web3 app deployment with Pocket Network
Pocket Network (POKT), a relay infrastructure middleware protocol, announced a service integration to improve the network bandwidth of NEAR blockchain while enabling faster deployment times for Web3 developers.
17.05 / 11:43
Blockchain
cryptocurrency
Android
Spotify
Spotify tests NFT galleries on artist pages
Currently limited to a small test with a select number of user accounts in the US, Spotify is testing putting NFT galleries on artist profiles. The test is being done on Android devices for now.
17.05 / 08:13
Blockchain
cryptocurrency
Terra Luna
Terra
Luna
Investor Bill Ackman's take on the Terra Luna crypto crash
American investor Bill Ackman has said that schemes like Luna are a threat to the whole cryptocurrency ecosystem. His remark came after Luna, the sister token of stablecoin TerraUSD, crashed 100 percent on May 13.
17.05 / 07:13
business
Blockchain
Miami
Miami and New York City coins tank despite Mayoral endorsements
Despite being publicly endorsed by the respective mayors of both cities, MiamiCoin (MIA) and NewYorkCityCoin (NYC) have plunged 90% and 80% since their all-time highs.
17.05 / 02:17
17.05 / 02:17
Blockchain
UPS
CEO
Action
This is how Polygon [MATIC] is benefiting from Terra’s [LUNA] $30 billion DeFi loss
As the Terra blockchain collapsed, it decided to eliminate a lot of apps, including Anchor, which was the largest DeFi protocol on the chain at a given point. However, the protocol is worth nothing at the moment.
17.05 / 00:27
Blockchain
Ethereum
ETH
AXY
Axie Infinity’s Ronin bridge hacker on the move again, cashes in another 3k ETH
It’s been a while since the crypto community witnessed the unfortunate Ronin Network hack on 29 March. The blockchain underlying the popular crypto game Axie Infinity lost 173,600 Ethereum (ETH) and 25.5 million USDC. Ergo, crossing the exploit sum to more than $600 million.
17.05 / 00:27
Blockchain
Waves
MET
Platform
recovery
Near Protocol: A look at why recovery isn’t as ‘NEAR’ as it may seem
Founded by Alex Skidanov and Illia Polosukhin, NEAR Protocol prides itself as a development platform, with the concepts of sharding, proof-of-stake, and a layer-one blockchain designed for usability central to its operations.
16.05 / 22:37
Blockchain
Technology
defi
Do Kwon proposes Terra hard fork to save ecosystem
On Monday, Do Kwon, co-founder of the troubled Terra Luna blockchain, announced a revised plan to restore the ecosystem after a combination of significant market volatility and inherent protocol design flaws wiped out a vast majority of the blockchain's market cap. As told by Kwon, Terraform Labs will put forth a new governance proposal on May 18 to fork the Terra Luna blockchain called Terra (token name: LUNA). However, the new chain will not be linked to the TerraUSD (UST) stablecoin. Meanwhile, the old Terra blockchain will continue to exist with UST and will be called Terra Classic (LUNC). Under Kwon's plan, if passed, the new LUNA blockchain will go live on May 27.
16.05 / 19:43
Blockchain
Ethereum
Bitcoin
The Brazilian Stock Exchange will launch Bitcoin and Ethereum futures
B3, the Brazilian Stock Exchange, confirmed that within six months it intends to launch its first official product aimed at the cryptocurrency market — Bitcoin (BTC) futures trading. The group's chief financial officer, André Milanez, made the announcement during a conference call on Monday.
16.05 / 17:33
Blockchain
Polygon
Developers
community
Polygon and others extend helping hand to Terra blockchain projects
Numerous developers have been left in uncertainty in the aftermath of the Terra (LUNA) collapse. These Terra-based projects, which are already under a lot of pressure, may be able to save their communities and projects by migrating to other networks.
16.05 / 16:35
Blockchain
Stablecoin
defi
Deus Finance’s dollar-pegged stablecoin DEI falls below 60 cents
As the market continues to mourn over losses on the Terra UST and LUNA debacle, DEI, a stablecoin used as a collateral mechanism for third-party instruments built on the Fantom-based decentralized finance (DeFi) protocol DEUS Finance (DEUS), has failed to maintain its dollar peg, falling below 60 cents on Monday.
16.05 / 16:33
Blockchain
Ethereum
ETH
Lowe's
Low
Here’s the two-faced ETH scenario as average gas fee hits new low
Gas prices on the Ethereum network have been a bane to anyone using it over the past year or so. Prices surged to astronomical highs on several occasions during the 2021 bull market. In 2021, transaction fees on the ETH network spiked as much as 470% due to congestion on the network.
16.05 / 16:27
Government
Blockchain
Stablecoin
Adoption
CBDC activity heats up, but few projects move beyond pilot stage
Government-issued electronic currency seems to be an idea whose time has come.
16.05 / 14:33
Blockchain
UPS
Action
Luna
Assessing whether ANC’s 1,471% rally might be enough
The fourth-largest DeFi protocol up until 6 May, Anchor is worth pretty much nothing today. And, neither is its token ANC.
16.05 / 14:29
business
Blockchain
Stablecoin
regulation
gone
Reserve
80,000 Bitcoin gone: What’s left in Luna’s reserve wallet?
The Luna saga continues. In a Twitter thread, the team behind the failed algorithmic stablecoin UST and the token LUNA shared precisely how much Bitcoin and crypto assets they had disposed of.
16.05 / 12:51
Blockchain
CEO
Strategy
Bitcoin
Luna
SBF Suggests LUNA's Collapse Different to Theranos, but Questioning its Marketing Strategy
FTX Derivatives Exchange’s billionaire CEO Sam Bankman-Fried, known as SBF, has faulted the marketing strategies that were employed by the embattled Terra blockchain to gain acceptance from the public.
16.05 / 08:43
Blockchain
NFT
Gaming
Blockchain Game
Square Enix plans to issue tokens and invest heavily in Web3 gaming
Gaming giant Square Enix has revealed in its Q1 earnings report that it will expand nonfungible tokens (NFT) into more game products as part of its medium-term business strategy in 2022.
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