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When it comes to blockchain transactions, some mistakes are irreversible and could cost one a fortune. Sadly, though, every now and then, crypto investors make these as the most recent one was from the owner of Ape #6462, who sold the NFT for $200 USDC. BAYC Holder Sells Ape #6462 for $200 On Sunday, Boredapebot,…
European officials have called for immediate regulation of crypto in light of the Terra-led market crash. Bank of France Governor Francois Villeroy de Galhau said at a conference: “Crypto-assets could disrupt the international financial system if they are not regulated, overseen and inter-operable in a consistent and appropriate manner across jurisdictions.” Fabio Panetta, a member…
A closely tracked crypto trader says Bitcoin (BTC) just flashed a signal that has historically marked the bottom of previous bear markets. In a new strategy session, analyst Kevin Svenson tells his 68,900 YouTube subscribers that Bitcoin’s weekly volume signature on Coinbase is suggesting a possible trend reversal for BTC. “The thing that’s catching everybody’s…
Her Majesty’s Treasury (Exchequer) will push forward with a plan to regulate stablecoins based on financial regulation outlined in the Queen’s speech on May 10, 2022. The U.K. Treasury announced that it is open to stablecoin regulation for the purpose of payments but doesn’t plan to include algorithmic stablecoins since they do not provide stability….
With claims of having the most users than any decentralized platform with over $4.3 billion in funds, Pancake Swap, on 12 May, published a new governance proposal. It put forth the idea to cap the supply of its native token, CAKE, at 750 million. Although opposed by over 100 participants, the major essence of the…
LUNA and UST both are showing signs of recovery after recent collapses, with the same sending shockwaves across the industry. Several experts believe that Terra founder Do Kwon is responsible for the latest crash that wiped out more than $1 trillion from the market. However, it is important to recognize the macro headwinds that are…
Terra’s Co-Founder Do Kwon in October 2019. Source: A video screenshot, Youtube/Terra Another Terra (LUNA) ecosystem revival plan by Terraform Labs (TFL) CEO and Co-founder Do Kwon seems to have the support of at least some Terra developers, while trust issues still pose serious challenges to this plan. In a Monday post and an accompanying…
FTX CEO Sam Bankman-Fried testified before the House Agricultural Committee on Friday following a proposal to regulate futures markets with automated tools. Amidst skepticism, FTX CEO Sam Bankman-Fried made his case for using computers to perform margin calls on leveraged positions at a hearing on Friday in Washington, D.C. In his testimony, Bankman-Fried testified that…
Galaxy Digital Holdings could lose up to $300 million this quarter in net comprehensive income, given the recent performance of the crypto market. The comprehensive income of a company is usually a sum of its net income and the yet-to-be-realized gains or losses. This recent news seems to be a warning sign for investors as…
Although it’s not a frontrunner in the market, Litecoin is known for being ever-present at all times. Its significance is drawn from its minimal yet expansive use cases that keep it relevant. To date, investors continue to bank on those use cases for recovering their losses. Litecoin finds a new audience Yesterday, Litecoin became the…