Cryptocurrency News

Terra's crash caused discussions and questions. The South Korean government now is investigating Terraform Labs, the company that developed the project to find out whether the team manipulated the price. According to local media, authorities have called on Terraform Labs employees as a part of a...

The Terra ecosystem was relaunched via Terra 2.0 on May 28. Now, the original Terra is called Terra LUNA Classic. The price of the new LUNA token, or Luna 2.0 has seen great volatility. Since the release, the token fell by around 70%. LUNA 2 tokens were airdropped to those who had Luna Classic,...

On the Ethereum network, the number of unprofitable addresses has risen to its highest level in two years. The researchers found that more than 34.1 million ETH holders were in the red, that is, they bought ether at prices higher than today. The largest altcoin ended the past week below the...

On May 27, Elon Musk revealed that SpaceX will accept Dogecoin. In January, Tesla started supporting DOGE as a means of payments for certain products. A user asked whether they will be able to pay for Starlink subscriptions via the meme coin in the future. Replying to the question, Musk said one...

The third largest crypto and the largest stablecoin USDT now operates on the Ethereum scaling solution, Polygon in addition to other blockchains, including Ethereum, EOS, and others. The Polygon team published a blog post that says the network's DeFi space will benefit greatly from USDT, which...

STEPN, a move-to-earn web 3 application recently revealed blocking users based in China to comply with regulations. The project, based on the Solana blockchain, launched its native token GMT in March 2021. Users can buy and trade NFT trainers in the game and earn rewards in GMT while walking and...

The largest cryptocurrency exchange in Latin America, Bitso, has terminated the employment relationship with 80 employees. Bitso explained the staff optimization by “rethinking the set of necessary employee competencies.” Before this, the company had more than 700 specialists. The bitcoin...

Crypto and blockchain influencer, the co-founder of the Ethereum blockchain, Vitalik Buterin published an analytical article about algorithmic stablecoins and how they can operate efficiently. The most essential thing about stablecoin protocols is resiliency, according to Buterin. He wrote that the...

Cryptocurrencies continue to retreat amid increasing pressure on risky assets. Bitcoin fell to $28,943 this morning, over the past 24 hours, its capitalization has decreased by 4% to $551.376 billion. Ether (ETH) and Binance Coin (BNB) dropped over 6% to $1,780 and $298, respectively. Solana (SOL)...

Brazil has joined those countries that are considering options for creating a national digital currency (CBDC). However, the Central Bank of this Latin American state will not rush to launch the token. The largest Brazilian bitcoin exchange Mercado has become a member of the project to create a...

During a budget voting session on May 25, the Parliament of Portugal rejected proposals to tax BTC and other cryptos. The bills suggested taxing crypto profits in excess of €5,000 (equal to $5,340.45). Since 2018, Portugal has considered taxing individual crypto sales. Currently, the country...

Amid bearish sentiments prevailing in the market, Nikolaos Panigirtzoglou and other strategists of the leading investment bank JPMorgan said in a note that BTC is likely to go up after the recent fall. They predicted the rise of the coin to $38,000, about a 29% increase of Bitcoin's current trading...

Ray Dalio, the founder of hedge fund Bridgewater Associates, reiterated that he holds a small amount of bitcoin in his portfolio. Last year, this financier pointed to the gigantic potential of cryptocurrency. According to him, the limited supply of BTC is the main factor that will support the value...

Bitcoin again sank below $30,000, altcoins are also losing today. Against the backdrop of prolonged market stagnation, many experts began to revise their forecasts for the worse. If at the end of 2020 the investment director of Guggenheim Partners Scott Minerd stated that BTC should trade at...

The United States is on the list of countries with a growing share of cryptocurrency investors. Moreover, this country is confidently leading the world in terms of the number of bitcoin ATMs, which indicates the desire of Americans to test the possibilities of virtual currencies. The US Federal...

Francis Suarez, the Mayor of Miami said he keeps taking his salary in Bitcoin, although the coin's price dropped by around 40% in the last two months. At the World Economic Forum, he said that it's not his only salary. Suarez mentioned that it's a different decision if someone decides to take their...

Ethereum co-founder Vitalik Buterin said in one of his tweets that he is no longer a billionaire. Replying to a post of the Neoliberal Project about people analyzing tweets of Elon Musk and Jeff Bezos, Buterin wrote he appreciates them for responding to people, and not shouting their own stuff. He...

Terra representatives said that the “revival plan” of the project does not involve forking the existing network, but creating a new one. They noted that with a classic fork, the new network inherits the history of the original, but this will not be the case with Terra 2.0. “If proposal 1623...