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News and Articles by Anahit



Terra LUNA fall

LUNA Price Fell More Than 90%, Fluctuations Continue

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The price of LUNA, the native governance coin of the Terra blockchain fell by more than 94% in the last seven days. Although, in general, the crypto market sees difficulties now, LUNA's price drop was the most significant. LUNA hit its lowest price in a year falling below $1 and trading at $0.8...

metaverse Las Vegas

TCG World and Jigsaw Puzzle International Convention to host The Metaverse Expo

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TCG World partners with Shark Tank backed Jigsaw Puzzle International Convention (JPiC) to co-host The Metaverse Expo 2022, Las Vegas The Metaverse Expo 2022 is a 3 day event held at the Las Vegas Convention Center on 8th - 10th July 2022 that will bring together entrepreneurs, industry experts...

SEC Gary Gensler

Gary Gensler Finds Crypto Exchanges Trade Against Their Clients

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SEC Chair Gary Gensler criticized crypto exchange platforms, saying some of them have rules that may be against their customers. In a recent interview with Bloomberg, he said that the agency is examining most of the digital assets and trading venues and finds they should register with the...

Mike Novogratz crypto

Mike Novogratz Expects More Volatility in the Crypto Market

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Galaxy Digital CEO Mike Novogratz finds crypto prices will remain volatile at least for the coming quarters. In the company's earnings call on May 9, he said that more damage is expected to be done and the BTC price could fall below $30,000. Galaxy Digital, a financial services firm focused on...

Terra stablecoin

TerraUSD Dropped Below Its $1 Peg

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Terra blockchain's UST stablecoin fell below its $1 price peg. At the moment of writing, UST trades at around $0.92. On May 9, the stablecoins dropped as low as 68 cents according to data by CoinMarcetCap. UST is an algorithmic stablecoin created by Terraform Labs in 2018. Terra uses complex codes...

Bitcoin El Salvador

El Salvador Bought the Dip Adding 500 Bitcoins

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The president of El Salvador, Nayib Bukele announced that the country added $15.5 M worth of Bitcoins to its balance sheet at an average price of $30,744. El Salvador just bought the dip! 🇸🇻500 coins at an average USD price of ~$30,744 🥳#Bitcoin— Nayib Bukele (@nayibbukele) May 9,...

Google Cloud Web3

Google's Cloud Team Forms Web3 Group to Meet Demand in Crypto

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In February, Google's parent company Alphabet announced that the future plans of the conglomerate include blockchain technology and Web 3. And now, the Cloud group of Google is starting a team to offer their services to blockchain app developers. Thus, the company aims to meet the growing...

Nvidia SEC crypto mining

US SEC Fined Nvidia $5.5 M Over Crypto Mining Impact Details

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Top GPU (Graphics Processing Unit) company Nvidia was fined for not reporting details on how crypto mining impacted the company's gaming business. The US SEC published a press release saying that Nvidia agreed to pay a $5.5 M penalty for not reporting that crypto mining was a part of the company's...

NFT transactions news

In 2022 NFT Transactions to Marketplaces Reached $37 Bln

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The amount of NFTs sent to marketplaces hit $37 bln as of May 1, 2022. The indicator is close to surpassing the overall NFT transaction volumes equal to $40 bln of 2021. According to a report by the blockchain data platform Chainanalysis, despite some ups and downs in volumes, the number of active...

BlueSky social media

Twitter-Backed Social Media BlueSky Issued Its First Codes

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Decentralized social media startup BlueSky, initially backed by Twitter issued its first codes and revealed the start to work in public. The team published a blog post that says the received funding four months ago allowed hiring a team and beginning the development process. Twitter ex Chief...

USDD Tron

Tron Released Its Stablecoin USDD

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Tron blockchain’s dollar-pegged stablecoin USDD (decentralized USD) went live on May 5. USDD is in circulation and operates on Tron, BNB Chain, and Ethereum. An official guide on USDD mining published by the project says that USDD starts the Stablecoin 3.0 era on Tron. The Tron community has been...

Elon Musk Twitter Binance

Binance Is Among Investors Backing Musk's Twitter Buyout

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Leading cryptocurrency exchange Binance backs Tesla CEO Elon Musk's purchase of Twitter. According to an SEC filing, the company committed $500 M in equity financing. Binance is one of 19 equity investors. According to the document, the raised amount is above $7 bln. Other participants include...

Federal Reserve crypto

Fed Raised Interest Rates by Half Point, Crypto Market Responds

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The US Federal Reserve made a long-awaited announcement on increasing interest rates. The Bank raised the amount of interest by ½ percentage point for the first time in more than two decades. This means that it will become more expensive for people, business operators and governments to borrow...

Gucci cryptocurrencies

Gucci Will Accept Crypto In Several US Stores

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Popular fashion brand Gucci will enable customers to pay with crypto in several US stores at the end of May. According to an article by Vogue Business, the house will allow the option in all of its stores in North America during the summer. Gucci will accept over ten cryptos including Bitcoin,...

Uzbekistan crypto mining

Uzbekistan to Legalize Solar-Powered Crypto Mining

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The Republic of Uzbekistan will enable domestic and foreign firms to mine cryptos using solar energy without requiring an income tax according to a presidential order published on April 27. The government mentioned that it is necessary to ensure a regulatory environment for the future developments...

Elon Musk BAYC

Elon Musk Changed His Twitter Avatar to a BAYC Collage

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Business magnate Elon Musk, who recently announced buying the social media company Twitter changed his Twitter profile picture for a Bored Ape Yacht Club collage. Musk wrote that the picture seems pretty fungible to him. I dunno … seems kinda fungible— Elon Musk (@elonmusk) May 4, 2022 ...

Vitalik Buterin Ethereum fees

Vitalik Buterin Says Layer 2 Transactions Need to Be Under $0.05

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Ethereum co-founder Vitalik Buterin, finds that Layer 2 transactions need to be lower than $0.05 to be totally acceptable. Recently, the Bankless podcast host, Ryan Sean Adams, tweeted a screenshot of the average costs of transactions for some L2 protocols. Adams wrote that fees wrote that...

Twitter Stani Kulechov

Twitter Unsuspended Aave CEO’s Account, He Wrote About the Ban

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Twitter unsuspended the account of Stani Kulechov, founder and CEO of the DeFi protocol Aave. The social media platform recently banned Kulechov after he twitted about becoming Twitter's interim CEO. The tweet was posted amid hot discussions about Elon Musk's $44 billion deal to buy the company. ...

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