Tuesday, May 10, 2022

Binance Halts Terra Withdrawals Amid UST Meltdown
Terras woes escalated early Tuesday as UST plummeted as low as $0.62 on Binance. Binance Responds to UST Crash Binance users holding Terra are facing a problem. The worlds top......

Maker Up 11% Despite Terra CEO’s Pledge to Kill DAI
Maker is one of only a handful of crypto assets in the green today. The protocol behind the DAI stablecoin appears to be benefitting from the downfall of its closest......

Azuki NFTs Plunge After Founder Confesses Past Failures
One of the fastest NFT collections to reach blue chip status, Azuki, seems to be falling from grace after its pseudonymous co-founder Zagabond revealed his previous involvement with three failed......

Yellen Echoes Stablecoin Warning Citing UST Crash
U.S. Treasury Secretary Janet Yellen has called on Congress to pass stablecoin legislation, referencing UST’s recent depeg event. Yellen Highlights Stablecoin Risks Stablecoins are facing increased ...

Crypto Market Rebounds With More Pain Ahead
Panic has struck the cryptocurrency market as Bitcoin and Ethereum enter freefall. Although the correction appears to have paused, investors are still selling their holdings en masse. Fear and Despair...

NFT Blockchain Flow Launches $725M Ecosystem Fund
Dapper Labs, the company behind the NFT and gaming-focused blockchain Flow, has raised $725 million to support the growth of its blockchain ecosystem. Flow Announces $725 Million Ecosystem Fund Dapper...

“Ethereum Killers” Underwater Against Ethereum
Amidst a sustained crypto market correction that began last November, many of the Layer 1 smart contract platforms meant to compete with Ethereum have been severely depressed in terms of......

Michael Saylor Defends Bitcoin-Backed Loan
Michael Saylor has weighed in on concerns that his company’s Bitcoin-backed loan from Silvergate could be margin called by stating his willingness to put up even more Bitcoin to maintain......

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Tuesday, May 10, 2022

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