Few companies in the VC space have exposure to crypto as a16z has.
The post a16z’s ‘State of Crypto’ report shows crypto is in a really good state appeared first on CryptoSlate.
Cryptocurrencies experienced on May 10 a large market crash, losing over 10% in a single day of most of the coins.
The post These indicators show how the equities sell-off is influencing crypto prices to fall down appeared first on CryptoSlate.
Leading cryptocurrency exchange, Coinbase has launched a new Coinbase Institute to advance policy debate around crypto and the future of Web3. The institute is focused on providing research, analysis, and insights about the Web3 space.
A Barclays report has revealed that crypto investors might not be paying their full taxes to the Internal Revenue Service (IRS), saying that the tax gap for crypto traders could be up to $50 billion, CNBC reported.
The post Report: Crypto traders potentially owe IRS around $50B in unpaid taxes appeared first on CryptoSlate.
Celsius users are up in arms over the company’s faltering performance, specifically, the CEL token’s shortcomings during the recent market turbulence.
The post Celsius CEO blames malicious actors for troubles at the firm appeared first on CryptoSlate.
The world’s biggest stablecoin has just released its quarterly transparency report a day before the deadline of May 20.
The post Tether’s $82.4B reserves exceed market cap of USDT appeared first on CryptoSlate.
Panama’s President Laurentino Cortizo said he will not sign the new cryptocurrency bill until it provides provisions for stricter anti-laundering controls, Bloomberg News reported on May 19.
The post Panama President demands strict anti-money laundering measures in new crypto law appeared first on CryptoSlate.
The TerraBuilderAlliance, Do Kwon, and others in the community have agreed upon a proposal to fork Terra Luna to attempt to salvage the Terra ecosystem.
The post LUNA holders may veto the live vote to fork the Terra network appeared first on CryptoSlate.
Russia’s minister of industry and trade, Dennis Manturov, believes it’s only a matter of time before crypto becomes a means of payment in the country, Reuters reported.
The post Russian minister says crypto to become means of payment ‘soon’ appeared first on CryptoSlate.
Speaking for the first time since the sensational collapse of the Terra ecosystem, Galaxy Digital CEO Mike Novogratz penned an open letter warning of the risks of cryptocurrency.
The post Billionaire backer breaks silence on Terra fiasco calling it ‘heart wrenching’ appeared first on CryptoSlate.
It’s been over a week since Terra UST de-pegged, triggering a massive market drawdown.
The post What now for stablecoins following the Terra UST disaster? appeared first on CryptoSlate.
Universal Music Group (UMG) has entered a strategic deal with LimeWire, a digital collectibles marketplace.
The post Universal Music Group ties with LimeWire to make music NFTs mainstream appeared first on CryptoSlate.
The last couple of years has seen the rise of a new game style based on decentralized technology and offering digital rewards with real-world value.
The post Op-Ed: Bringing interest and longevity to play-to-earn gaming appeared first on CryptoSlate.
zkLend is an L2 money-market protocol built on StarkNet, combining the best of zk-rollups and Ethereum to bring more users to the DeFi market. To differentiate itself from the growing competition on the market, zkLend offers an innovative, dual solution to the problems faced in DeFi—a permissioned and compliance-focused solution for institutional clients and a […]
The post Behind zkLend, a dual solution money market protocol for institutions and retail appeared first on CryptoSlate.
The US has become the dominant country for crypto mining, but that dominance isn’t reflected in the crypto mining stocks, which continue to perform poorly as the market plunges, Barrons reported.
The post Growth in US Bitcoin mining does not reflect in stocks performance appeared first on CryptoSlate.
Ethereum co-founder Vitalik Buterin posted a tweetstorm this week revealing contradictions in his thoughts and values.
The post Is Vitalik Buterin about to jump from Ethereum to Bitcoin? appeared first on CryptoSlate.
New Bitcoin (BTC) mining data from the Cambridge Centre for Alternative Finance (CCAF) has revealed that China has resurfaced as a leading mining hub.
The post China makes a comeback in the Bitcoin mining scene appeared first on CryptoSlate.
The first live CryptonitesTV episode gathered a panel of crypto media professionals to debate the current conditions in the industry and offer predictions for the future of the crypto market.
The post Bears vs Bulls: Crypto media pros share their crypto market predictions appeared first on CryptoSlate.
Exodus has announced a new multi-chain crypto browser extension.
The post New Exodus Wallet browser extension includes ‘unlimited access’ to Solana appeared first on CryptoSlate.
The Federal Bureau of Investigations (FBI) has alerted the general public and businesses against unwittingly hiring North Korean IT workers.
The post US Federal agencies warn businesses against mistakenly hiring North Korean hackers appeared first on CryptoSlate.
After the abrupt crash of Terra’s UST last week, a popular South Korea-based law firm, LKB & Partners, is set to sue Do Kwon on behalf of South Koreans who invested in the asset, according to local media reports. The law firm is applying to the Seoul Metropolitan Police Agency to seize all Do Kwon’s […]
The post Terra faces litigation from South Korean investors over failed UST investment appeared first on CryptoSlate.
Animoca Brands co-founder Yat Siu believes the web3 ecosystem continues to expand rapidly despite the recent turmoil in the crypto markets, according to an interview with Bloomberg’s Stephen Engle on May 18.
The post Animoca Brands co-founder says web3 is growing despite the recent crypto crash appeared first on CryptoSlate.
Axie Infinity has announced on its Twitter page that there was a compromise of the MEE6 bot on its Discord server.
The post Axie Infinity targeted in another hack, this time via discord bot appeared first on CryptoSlate.
Popular hardware wallet Ledger will add a browser extension to Safari Wallet.
The post Ledger launches browser extension to enable direct connections to Web3 apps appeared first on CryptoSlate.
In the wake of the Terra ecosystem implosion, Binance boss ChangPeng Zhao (CZ) commented, “this is what diamond hands look like,” about the 15,000,000 LUNA tokens Binance had received as part of the company’s $3 million investment in Terra.
The post CZ on Terra LUNA collapse: ‘This is what diamond hands looks like’ appeared first on CryptoSlate.
The crypto market saw a significant decline in 2022, but not all sectors faced the same trajectory.
The post Is the GameFi Bubble About to Burst? | 2022 Q1 GameFi Industry Report appeared first on CryptoSlate.
Metatheory, a web3 interactive media firm founded by Twitch co-founder Kevin Lin, has secured $24 million in a Series A funding round.
The post Kevin Lin’s Web3 firm Metatheory raises $24M in an a16z-led funding round appeared first on CryptoSlate.
Litecoin founder Charlie Lee tweeted an estimated go-live date of May 19, at 20:30 PT, for the long-awaited MWEB upgrade.
The post Why did Litecoin’s MWEB upgrade take so long to roll out? appeared first on CryptoSlate.
Coinbase announced today that it will slow its hiring process this year and reassess its headcount as it struggles with the market downturn.
The post Coinbase to slow hiring and expansion due to market downturn appeared first on CryptoSlate.
The Group of Seven (G7) will likely discuss crypto regulation in a finance meeting this week in Germany.
The post French central banker says the G7 plans to discuss crypto regulations appeared first on CryptoSlate.
Robinhood, the centralized exchange that offers commissionless trading in return for payment for order flow from market makers, has announced its web3 wallet.
The post Robinhood announces non-custodial web3 wallet waitlist appeared first on CryptoSlate.
Yun Chang-hyeon, a lawmaker in South Korea’s ruling party, People’s Power, has suggested summoning Terraform Labs’ founder Do Kwon to a parliamentary hearing.
The post South Korean lawmaker suggests summoning Do Kwon to the national assembly appeared first on CryptoSlate.
Almost 20% of all internet traffic on the planet runs through Cloudflare’s infrastructure, and they are now going to be running an Ethereum Consensus Layer node by staking ETH.
The post Web2 giant Cloudflare to run Ethereum 2.0 validator nodes appeared first on CryptoSlate.
Birgit Rodolphe, a senior executive at German financial services regulator BaFIN, has called for the regulation of decentralized finance.
The post Top German regulator executive wants DeFi regulated appeared first on CryptoSlate.
Rostin Behnam, the Chair of the Commodity Futures Trading Commission (CFTC), claimed Bitcoin (BTC) and Ethereum (ETH) are commodities.
The post CFTC Chair labels Bitcoin, Ethereum as commodities appeared first on CryptoSlate.
Spotify has begun testing NFT features with a select few artists in the United States The news was first reported by Music Ally when a spokesperson for Spotify confirmed that: “Spotify is running a test in which it will help a small group of artists promote their existing third-party NFT offerings via their artist profiles”.
The post Spotify is testing new NFT features with music artists appeared first on CryptoSlate.
The Director of Global Macro at Fidelity, Jurrien Timmer, tweeted his analysis of the current situation following Bitcoin’s sell-off in recent weeks.
The post BTC-gold ratio suggests Bitcoin is at ‘solid support’ appeared first on CryptoSlate.
Analysis shows that Nasdaq has lost over $7 trillion in value amid the market sell-off in 2022.
The post Nasdaq decline as bad as Dot-Com crash. How does it compare to crypto? appeared first on CryptoSlate.
MiamiCoin, a cryptocurrency built for Miami, is down more than 90% since its launch in 2021, which has given rise to regulatory concerns, according to a Quartz report.
The post MiamiCoin raises regulatory concerns after value nosedives more than 90% appeared first on CryptoSlate.
The implosion of Terra UST has damaged the reputation of stablecoins and the broader crypto industry.
The post Tether explains why it ‘has nothing in common’ with Terra UST appeared first on CryptoSlate.
UK’s exchequer has just affirmed its vow to regulate stablecoins to create a healthy environment for stablecoin issuers and service providers, given the recent TerraUSD (UST) and Terra (LUNA) market crash.
The post UK Treasury reaffirms commitment to regulate stablecoins following TerraLUNA fiasco appeared first on CryptoSlate.
EU regulators are using the recent Terra Luna situation to push forward with a Digital Euro CBDC.
The post EU regulators criticize stablecoins to promote Euro CBDC appeared first on CryptoSlate.
CoinShares’ latest report has revealed that investment into crypto products scored a record inflow of $274 million last week as crypto investors looked to take advantage of the market-wide crash that resulted in the market cap of the industry dropping below the $1.5 trillion mark.
The post Report: Crypto sees record investment despite bearish market appeared first on CryptoSlate.
In April, GameFi game projects grew from 1,406 to 1,479, a monthly increase of 5.2%, with growth concentrated in the BSC and Polygon chains.
The post GameFi Slides on Macro Trends but Individual Projects Shine | April Monthly Report appeared first on CryptoSlate.
Leading digital asset manager Grayscale Investments has teamed up with HANetf to launch a crypto-based exchange-traded fund (ETF) in Europe.
The post Grayscale Investments rolls out its first European crypto ETF appeared first on CryptoSlate.
El Salvador President Nayib Bukele announced a meeting of 32 central banks and 12 financial authorities from 44 countries on Twitter late Sunday night.
The post President Nayib Bukele announces that 44 countries will meet in El Salvador to discuss Bitcoin appeared first on CryptoSlate.
Luna Foundation Guard CEO, Do Kwon, has released a new proposal entitled “Terra Ecosystem Revival Plan 2.” In it, he has outlined an updated version of his original plan, which described forking the current Terra blockchain from a snapshot taken before the ‘attack.’ Retain the ecosystem Do Kwon also took to Twitter to explain the […]
The post Terra ecosystem to vote on a fork to create Luna Classic and Luna Core appeared first on CryptoSlate.
Ashish Mehta & Associates, Solicitors and Legal Consultants, a Dubai-based law firm, has announced plans to start accepting crypto for payments.
The post Dubai-based law firm, school to start accepting crypto payments appeared first on CryptoSlate.
Scream, a decentralized lending protocol on the Fantom network, incurred a $35 million debt after failing to adjust the prices of two stablecoins that lost their peg on its platform. The DeFi protocol had hardcoded the value of these affected stablecoins, Fantom USD (fUSD) and DEI, to $1, meaning their decline did not reflect on […]
The post Scream protocol losses millions to stablecoin depeg appeared first on CryptoSlate.
Elwood Technologies, a crypto trading platform founded by billionaire Alan Howard, has secured $70 million in a Series A funding round.
The post Elwood Technologies raises $70M in Series A round led by Goldman Sachs appeared first on CryptoSlate.
Famous guitar manufacturer Fender has filed three NFT-related patents to the United States Patent and Trademark Office. The patents would indicate an intent to make or protect its brand when it comes to creating, selling, or buying NFTs with the Fender brand name. According to GuitarWorld, Fender submitted a series of trademark applications relating to […]
The post Is Guitar giant Fender quietly gearing up to enter the NFT space? appeared first on CryptoSlate.
Sam Bankman-Fried (SBF), the CEO and founder of leading crypto exchange FTX, said in a recent interview with the Financial Times that he does not think Bitcoin has a future as a payment network. SBF continued that the environmental impact of Bitcoin mining, alongside the fact that the coin is “inefficient,” would count against it […]
The post SBF does not see Bitcoin becoming a payment network, lampoons its energy consumption appeared first on CryptoSlate.
Finance Minister for Portugal, Fernando Medina, has confirmed that Portugal will begin taxing cryptocurrency in a parliamentary session on May 13.
The post Portugal to start taxing crypto gains and payments appeared first on CryptoSlate.
The Luna Foundation Guard, the organization responsible for the Terra ecosystem led by Do Kwon, has released information regarding its missing reserve funds.
The post Luna Foundation Guard reveals where missing 80K BTC reserves went appeared first on CryptoSlate.
Bitcoin has closed its weekly candle down, thus making this the 7th week in a row that it has printed a weekly red candle.
The post Bitcoin closes 7th red weekly candle for first time ever appeared first on CryptoSlate.
Binance CEO, CZ, has revealed that he does not believe that Do Kwon’s plan to save LUNA will work.
The post Binance CEO does not think LUNA recovery plan will work appeared first on CryptoSlate.
On-chain sleuth, Zachxbt, has struck again with a thread on Logan Paul and his alleged litany of shady dealings within the crypto space. In the thread, the pseudonymous detective revealed some of the possible scams Logan Paul has allegedly been involved in based on his transaction records.
The post Zachxbt alleges Logan Paul is behind multiple crypto “pump and dump” schemes appeared first on CryptoSlate.
In a previous article, we introduced three tokenomic models for single-token blockchain games and their respective pros and cons. In this article, we’ll go over dual-token projects, an innovation that came after single-token games, which is the most popular model today. The dual-token model emerged in the first half of 2020 when Axie Infinity introduced […]
The post GameFi Tokenomics 101: Dual-token blockchain games appeared first on CryptoSlate.
Coinbase customers have sued the exchange over the promotion and trading of GYEN, a stablecoin that crashed.
The post Customers sue Coinbase for promoting and trading the GYEN token appeared first on CryptoSlate.
Japanese financial services company Nomura Holdings has rolled out Bitcoin (BTC) derivatives for Asian institutional clients.
The post Brokerage giant Nomura starts offering Asian clients BTC derivatives appeared first on CryptoSlate.
InsurAce, a DeFi insurance platform that offered cover against a UST de-peg event, has confirmed that they will be paying out $12 million in USDT to users who hold a valid policy.
The post Insurance protocols are paying out millions to UST holders appeared first on CryptoSlate.
Coinbase founder and CEO Brian Armstrong dismissed the current pessimistic approaches to the market and said crypto would take 15% of global GDP in 20 years. Speaking at Coinbase’s Q1 earnings call, Armstrong said: “In my mind, this [crypto] is a little bit like the early days of the Internet, where you saw the birth […]
The post Coinbase CEO says crypto will heal, take 15% of global GDP appeared first on CryptoSlate.
Luna Foundation Guard CEO, Do Kwon, has written a proposal that suggests forking LUNA to a new chain using a snapshot from before the attack.
The post Luna CEO Do Kwon proposes forking LUNA, UST to reimburse hodlers appeared first on CryptoSlate.
United States Prosecutors have filed a sentencing recommendation in the case against BitMEX co-founder Arthur Hayes seeking minimum one-year imprisonment.
The post US prosecutors recommend minimum 1 year prison sentence for BitMEX co-founder Arthur Hayes appeared first on CryptoSlate.
During a Twitter Spaces conversation on May 12, Bitfinex CTO Paolo Ardoino dismissed reports that Tether was in trouble.
The post Bitfinex CTO plays down reports that Tether was in trouble appeared first on CryptoSlate.
El Salvador’s Bitcoin (BTC) investment is performing poorly, with the value of the more than 2,000 units it holds falling by about $40 million.
The post El Salvador’s over $100 million Bitcoin purchase is now worth $66 million appeared first on CryptoSlate.
Binance said it will relist LUNA/BUSD and UST/BUSD have been re-listed after being taken down early May 13.
The post LUNA, UST re-listed on Binance – ‘there is progress’ appeared first on CryptoSlate.
Sam Bankman-Fried, the founder of FTX and Alameda Research, has acquired a 7.6% stake in Robinhood.
The post Robinhood stock surges after SBF acquires 7.6% stake in retail trading giant appeared first on CryptoSlate.
The working week is set to end on a green day, with $113 billion of capital flowing back into the total crypto market cap over the last 24-hours.
The post Relief rally: Crypto inflows top $110B as Bitcoin recaptures $30K appeared first on CryptoSlate.
The world’s largest exchange by trading volume, Binance, has delisted its trading pairs for Terra’s LUNA. The exchange announced that it had canceled all pending orders, ceased trading, closed user positions, and conducted an automatic settlement of all LUNA trading pairs.
The post Exchanges begin delisting LUNA, Binance explains why appeared first on CryptoSlate.
Pro-crypto commissioner of the Securities and Exchange Commission (SEC) Hester Peirce, popularly known as crypto mom, said there might be some developments towards stablecoin regulation soon, according to a Reuters report.
The post Pro-crypto SEC commissioner foresees faster stablecoin regulations after Terra crash appeared first on CryptoSlate.
Korean news outlet Money Today has reported that TerraForm Labs CEO Do Kwon has requested police protection.
The post Do Kwon fears for his safety following Terra (LUNA) implosion appeared first on CryptoSlate.
After the record-breaking DeFi summer of 2020, the crypto industry has gone parabolic when adopting decentralized technologies.
The post Record amounts of crypto were stolen in DeFi hacks last quarter appeared first on CryptoSlate.
Sorare, the sports NFT giant, welcomes Major League Baseball and MLB Players as its newest partner. The announcement will expand Sorare’s reach in the US market, allowing users to buy, trade, and play with official Major Baseball league NFTs. The fantasy baseball game will be released this summer, and fans can create their own Major […]
The post Sorare partners with Major League Baseball to launch fantasy NFT Game appeared first on CryptoSlate.
Europol has placed the founder of OneCoin cryptocurrency, Ruja Ignatova, on its list of most wanted criminals.
The post OneCoin creator, Ruja Ignatova, declared wanted in Europe appeared first on CryptoSlate.
Crypto dot com CEO Kris Marszalek called the brutal downturn a ‘really rough day.’ Over the last seven days, total market cap losses amount to $570 billion, or -33%.
The post Crypto.com boss clarifies what’s different between now and last bear market appeared first on CryptoSlate.
During the recent death spiral of UST and LUNA, many tried to send their tokens to their Coinbase wallets, and they ended up losing them altogether. The problem emerged from the main Terra bridge’s tendency to transfer wormhole LUNA and UST automatically.
The post Coinbase users lose Wormhole LUNA, UST after sending it to the exchange appeared first on CryptoSlate.
The Conservative Party of Canada held a leadership debate in Edmonton on May 11, with Bitcoin among the many topics discussed by the six hopefuls.
The post Canadian leadership debate reveals massive Bitcoin ignorance among candidates appeared first on CryptoSlate.
Terraform Labs proposed to burn a total of $1.3 billion worth of UST to save LUNA to combat the current crisis.
The post TerraForm Labs proposes to burn $1.3B in UST to save LUNA appeared first on CryptoSlate.
The Chief Executive Officer of MicroStrategy and Bitcoin maximalist Michael Saylor has expressed excitement about the United States Financial Accounting Standards Board (FASB) decision to review rules for crypto.
The post Michael Saylor joyous at FASB decision to review crypto accounting rules appeared first on CryptoSlate.
The crypto market is in turmoil, and many are looking to cash out of their stablecoins amid unprecedented volatility.
The post You can redeem Tether USDT 1:1 on tether.to but there’s a catch appeared first on CryptoSlate.
The value of Tether (USDT) stablecoin against the United States dollar is seeing significant downward pressure on exchanges and has fallen below its $1 peg price.
The post Hold on to your hats, Tether USDT shows signs of de-pegging on exchanges appeared first on CryptoSlate.
Crypto analyst Caleb Franzen says that we’re currently in a bear market.
The post Analyst says crypto stocks performance is proof we are in bear market appeared first on CryptoSlate.
The Global Esports Federation, whose goal is to become officially recognized as the governing body for the esports ecosystem, has formed a metaverse council to “focus on shaping tangible metaverse development initiatives for our global community.” The council is to be made up of blockchain experts, NFT developers, and social media influencers.
The post Global Esports Federation launches Metaverse Council appeared first on CryptoSlate.
A former Terra Labs employee has reportedly revealed that Terra co-founder Do Kwon was one of the creators of Basis Cash.
The post Terra founder reportedly has link to failed stablecoin, Basis Cash appeared first on CryptoSlate.
A blog post from Shiba Inu gives an update on ecosystem developments per ‘Riyoshi’s Vision.’ Riyoshi is the project’s anonymous founder who claims to hold 0 $SHIB tokens, as doing so would affect his judgment and decision-making.
The post Shiba Inu gives update on new developments, including the SHI stablecoin appeared first on CryptoSlate.
The investor who bought CryptoPunk #273 for more than $1 million less than seven months ago sold the NFT for $139,530 — at a massive almost 80% loss.
The post CryptoPunk NFT purchased for over $1M sells for less than $140K appeared first on CryptoSlate.
Cardano founder Charles Hoskinson posted a video on Wednesday sharing his views on the crypto market downturn.
The post Hoskinson blasts VCs, ‘Wall Street types’ for downturn in crypto markets appeared first on CryptoSlate.
A federal jury in Georgia has ordered now-defunct crypto exchange CampBX to refund the Bitcoin (BTC) it took from customers.
The post US Court asks defunct crypto exchange to refund Bitcoin appeared first on CryptoSlate.
Cardano founder Charles Hoskinson said that ADA’s $723 million treasury is decentralized.
The post Hoskinson says Cardano has decentralized treasury valued at $723M in ADA, pokes fun at Terra appeared first on CryptoSlate.
Terraform Labs CEO Do Kwon announced a possible “solution” to deal with the massive crash LUNA and UST experienced over the last couple of days.
The post TerraForm Labs CEO Do Kwon announces recovery plan for LUNA, UST following crash appeared first on CryptoSlate.
Rumors are circulating online that Citadel Capital may be behind the UST crash as Janet Yellen announces a report on stablecoins.
The post Rumors run riot as UST collapses amid Yellen report on stablecoins appeared first on CryptoSlate.
Do Kwon has announced a recovery plan in the works for UST and, therefore, the Terra ecosystem.
The post Luna Foundation Guard close to announcing recovery plan for TerraLuna, UST appeared first on CryptoSlate.
On May 10, crypto exchange Coinbase released its Q1 2022 earnings report doing little to calm choppy market conditions.
The post Coinbase bankruptcy wording triggers warnings to move crypto off exchanges appeared first on CryptoSlate.
The central bank of Israel has yet to decide whether to create a digital version of its fiat currency shekel, despite the public supporting the notion, Reuters reported.
The post Israeli central bank yet to make decision on pursuing CBDC despite public support appeared first on CryptoSlate.
The Swiss-based crypto exchange, SwissBorg, has released a report on the risks surrounding Terra’s stablecoin, UST.
The post SwissBorg report explains cause of the “death spiral” of UST appeared first on CryptoSlate.
Criminals continue to use Money Saving Expert founder Martin Lewis’ image to defraud investors via Facebook Ads, despite Lewis settling a lawsuit with Facebook’s parent Meta over the illegal use of his photos in such scams years ago, The Independent reported.
The post Criminals continue to scam people with fake crypto ads on Facebook using Martin Lewis’ images appeared first on CryptoSlate.
Sweatcoin has announced an increase of 4 million new Sweat wallets in the last 27 days.
The post Over 4M new Sweatcoin wallets created in less than a month appeared first on CryptoSlate.
El Salvador’s President Bukele tweeted images of an architect’s model of Bitcoin City and the caption that things are ‘coming along beautifully.’ #Bitcoin City is coming along beautifully ❤️ pic.twitter dot com/A6ay8aAREW — Nayib Bukele (@nayibbukele) May 9, 2022 Bitcoin City is a futuristic concept The pictures show a golden disc-shaped model with a hexagonal center and […]
The post El Salvador releases mock-up of Bitcoin City – what’s the verdict? appeared first on CryptoSlate.
The founder of Ava Labs, Emin Gün Sirer, has offered his opinions on the crash of Terra’s algorithmic stablecoin, UST. According to Gün Sirer, there is a need for decentralized algorithmic stablecoins in the ecosystem due to the censorship vulnerability of fiat-backed stablecoins.
The post Avalanche founder claims only one algorithmic stablecoin can succeed – defends Terra’s UST appeared first on CryptoSlate.
The founder of the Azuki non-fungible token (NFT) project, Zagabond, has revealed that he was behind three unsuccessful NFT projects before creating Azuki. In a blog post titled “A Builders Journey,” he pointed out that the lessons he learned from the three projects helped him build Azuki into what it is today.
The post Azuki floor price tanks after founder reveals link to 3 failed NFT projects in 2021 appeared first on CryptoSlate.
El Salvador just added another 500 Bitcoin (BTC) — worth roughly $15.5 million — to its reserves after the world’s most popular cryptocurrency fell to almost $30,000 on May 9.
The post El Salvador buys the dip – picks up 500 BTC worth roughly $15.5M for reserves appeared first on CryptoSlate.
The United States Department of Justice has unsealed an indictment charging Luiz Capuci Jr., the CEO of Mining Capital Coin (MCC), for orchestrating a $62 million global investment and fraud scheme.
The post Mining Capital Coin CEO charged with $62M crypto fraud appeared first on CryptoSlate.
Long-term crypto critic Nouriel Roubini is working on a digital dollar through Atlas Capital Team L.P.
The post Economist Nouriel Roubini backtracks on anti-crypto stance with digital dollar plans appeared first on CryptoSlate.
The Bitcoin Rainbow Chart dips into the ‘Accumulate’ zone following a miserable run of six consecutive weekly red candles.
The post Bitcoin sinks below $32K – time to accumulate or jump ship? appeared first on CryptoSlate.
Polygon has partnered with Meta to create an NFT platform for Instagram and Facebook, Polygon CEO Ryan Wyatt announced via Twitter.
The post Meta taps Polygon to build NFT platform for Instagram, Facebook appeared first on CryptoSlate.