Markets

This was the most eventful week in many months, but, unfortunately, the end result was that $500 billion were wiped off the total cryptocurrency market capitalization. Terra’s ecosystem was at the forefront of it all, so let’s unpack. On May 9th, UST – the algorithmic stablecoin of the Terra ecosystem, lost its peg. It fell to about $0.95, but no one was prepared for what happened after that. On the following day, UST continued losing value as the Luna Foundation Guard...

INTERNET CITY, DUBAI, May. 11, 2022 – LBank Exchange, a global digital asset trading platform, has listed DIVILAND (DVLD) on May 11, 2022. For all users of LBank Exchange, the DVLD/USDT trading pair is now officially available for trading. To make real estate investments and transactions easier, a project named DIVILAND (DVLD) integrates the Artificial Intelligence and blockchain technology, so that it can offer innovative ways that traditional real estate markets can...

The crypto world is as innovative and exciting as it’s fickle and dynamic. Understanding the market needs and keeping up with the latest trends and changes is crucial if we want to advance and reach new heights. KICK.IO has big plans for the upcoming year, and one, in particular, will definitely make a significant change for both the platform and our users. The dawn of cross-chain bridges Since its inception, blockchain technology has come forward as one of the most...

Bitcoin wird gerade in Europa immer beliebter: Der neue Binance Direktor der DACH-Region von Binance verkündete auf LinkedIn den Start einer Österreichischen Tochtergesellschaft. Die nach Handelsvolumen grösste Bitcoin-Börse der Welt, Binance, hat eine eigene Österreich-Tochter gegründet. Dies ist natürlich eine Kampfansage an eines der wohl grössten Startups, welche Europa in diesem Jahrzent hervogebracht hat: Bitpanda. Und vielleicht auch ein...

There are three categories of currency pairs in the forex market; major pairs, minor pairs, and exotic pairs. Major currency pairs are pairs that contain the US dollar as the base or quote currency. Examples include AUD/USD, USD/CAD, and EUR/USD. Minor currency pairs consist of currencies of major economies, excluding the US dollar, such as AUD/JPY and EUR/CHF. Exotic pairs are created by pairing currencies of emerging economies with that of developed economies. These...

Prominent decentralized finance protocol, Bancor has announced the launch of its v3, dubbed Bancor 3. The release on the mainnet comes six months after the project first shared the details of features. Bancor 3 Goes Live According to the official blog post, Bancor’s latest version is focused on encouraging broad and sustainable involvement in on-chain liquidity markets by simplifying passive liquidity provision in automated market-maker (AMM) liquidity pools. Following the...

Raoul Pal – CEO of Global Macro Investor – is predicting a “nasty recession” and “liquidation writ large” within the next few weeks, as the Federal Reserve continues tightening monetary policy. He believes the current panic within the crypto markets is similar to that seen during the bear market of June 2021, and the flash crash of March 2020. The Effect of the Fed In a Twitter thread on Thursday, Pal argued that global markets across the board are in for a bruising – not...

After a successful first phase of IEO, the world’s biggest art token – ARTRINO, is now holding the second phase of IEO on two exchanges, IndoEx and Coinsbit. The IEO on IndoEX starts on May 9 and will end on May 14, and the listing has been scheduled for May 15, 2022, with ArtRino offering a 50% bonus. On the other hand, the IEO on CoinsBit will be a tad longer and extend from May 10 to May 19, with the listing date set for May 20. ArtRino is all about art and ensuring...

Terra validators have reportedly decided to freeze Terra’s blockchain due to LUNA’s collapsing market price. The team argues that at such low costs, a whale buyer could easily commit a governance attack on the network. The chain was officially frozen at block 7,603,700, making native transactions on Terra’s blockchain impossible. Terra (LUNA), which has seen a price collapse of over 99% within the past week, also serves as the protocol’s governance token. Governance tokens...

Bitcoin plunged to a 16-month low, while the altcoins suffered even more in the past week or so. Despite bouncing off and reclaiming some ground, the situation is still dire, and Cardano’s Charles Hoskinson provided his outtake on it. Charles Hoskinson’s Views Cardano Founder Charles Hoskinson noted that the market is deep in a new crypto winter, and it will take weeks or even months for a bottom to appear, following which there will be some respite. According to him, the...