Crypto news

[PRESS RELEASE – Please Read Disclaimer] Airdrop as participation reward for LAY Token Sale It was announced that ARSW, MUUU, KGL, and GALAX will be distributed to purchasers of LAY in Starlay’s 2nd Token Sale, which will take place between May 13 at 11:00 AM and May 15 at 11:00 (UTC). The amount of each airdrop and the scheduled listing date are as follows. The estimated total value of the tokens to be distributed exceeds approximately $5 Million, and these are tokens from...

After yesterday’s brief price surge to $31,000, bitcoin stalled and retraced back to below $30,000. Most altcoins are also slightly in the red today, except for TRON and Polkadot, both of which are up by around 4%. Bitcoin Failed at $31K No other word can explain what transpired last week better than “massacre.” Bitcoin stood close to $40,000 on May 5 before the bears took complete control over the market and pushed it south hard. At first, BTC lost $4,000 in a day before the...

The Brazilian investment management company – XP Inc. – reportedly joined forces with Nasdaq to launch a cryptocurrency trading platform. Called XTAGE, it should go live by the end of June. Initially, it will enable investors to buy and sell bitcoin and ether. XP Thinks About the Next Five, Ten Years The latest organization to open up to the crypto industry is the largest broker in the country – XP Inc. According to reports, the company partnered with Nasdaq to launch a...

United Arab Emirates (UAE)’s leading flag carrier, Emirates Airline, is all set to dive into the digital asset space by leveraging cryptocurrencies, NFTs, and the metaverse. The entry is part of its strategy “to connect with customers in a faster and more flexible way,” said the report. Embracing Bitcoin, NFT, and Metaverse Emirates will start its foray into the cryptocurrency industry by soon introducing Bitcoin as a payment method. The company will also add NFT collectibles...

Japanese financial services giant Nomura has launched bitcoin derivatives for its institutional clients. The first trades were executed by Cumberland DRW on behalf of Nomura on the CME. Over-the-Counter BTC Futures and Options Nomura’s over-the-counter bitcoin futures and options will be available to institutional clients. They will be non-deliverable and have to be settled in cash, media reports said. Talking about the partnership with Cumberland DRW, Nomura’s head of...

Eric Adams – the mayor of New York City – has suggested doing away with the dreaded BitLicense as a way of allowing New York to become more competitive in the crypto and blockchain worlds. Will New York Get Rid of the BitLicense? The BitLicense was first introduced in 2014. The document made things very hard for crypto companies seeking to establish presences in the Big Apple. It also made it very difficult for them to gain customers. Under the BitLicense, things became...

BitRiver –  Russia’s largest data center services provider – is pondering over filing a lawsuit against the US Treasury Department for adding the company to the sanction list last month. Besides, the firm accused the US of breaching WTO rules through the act of promoting unfair competition and lobbying for the US mining industry. BitRiver Called US Accusations “Unfounded and Untrue” According to its press release, BitRiver argued that it is a 100% private company with no...

Legacy American investor Bill Miller revealed he sold some “liquid stuff” to satisfy margin calls as bitcoin might be one of those assets. However, the billionaire remains a keen proponent of the primary cryptocurrency, describing it as an “insurance against financial catastrophe.” Not Changing his Stance The US investor, fund manager, and philanthropist Bill Miller stands as one of the most popular bitcoin supporters. He further strengthened his stance during the COVID-19...

Leading African PR firm African Media Agency is forming a partnership with Tech Next, a tech-based media enterprise that seeks to educate its readers on digital currency and blockchain trends. African Media Agency Will Help Crypto in Africa Get Bigger In addition, the partnership will provide visibility to Coinference 2022, which is set to occur in early October of this year. Coinference is a special conference that takes place to assist the growing cryptocurrency arena....

Terra co-founder Do Kwon has unveiled a revival plan for the Terra community, which will involve abandoning the UST stablecoin entirely. Instead, he suggests that validators reset network ownership under a new token by forking the chain, and distributing it to fairly compensate all damaged parties. UST Has Failed, says Do Kwon In a forum post on Friday, Kwon argued that Terra (LUNA) has been diluted to such a degree that its joint ecosystem with TerraUSD (UST) can no longer...