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Winklevoss Twins Hold Stake in 50 Blockchain Startups, Unfazed By Falling Crypto Prices

The Winklevoss Twins hold a stake in 50 blockchain and crypto companies, according to a portfolio posted online….

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Ernst & Young will only build on Ethereum, a Developed Ecosystem

According to Ernst & Young, Ethereum will take over everything and a multichain future is doubtful because the world loves standard….

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JP Morgan Analysts Backs Bitcoin to Rally, Places Fair Value at $38k

Bitcoin’s fair value is at 28 percent from spot rates, placing prices at $38k, according to a JP Morgan Chase analysis….

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Ethereum Whales Prefer USDC over USDT after UST Crash

Ethereum whales, mainly DeFi protocols, custodians, and cryptocurrency exchanges, prefer USDC over USDT following the UST de-peg….

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Crypto News

A Solana Project Owner Apologizes for Rugging Holders, Blames the Harsh Bear Market

The lead developer behind COPE in Solana has apologized for rug pulling holders after swapping 10 percent of the total supply for USDC….

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I Lost $2.4 Million in LUNA during Crash, a YouTuber Who Knocked on Do Kwon’s Door Says

The LUNA crash saw a YouTuber lose $2.4 million, a financial devastation that led him to trespass into Do Kwon’s apartment….

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Beyond The LUNA Collapse: Creating a Safer Crypto Environment

The LUNA collapse has sent shockwaves across the industry. To combat the collapse of Terra USD and subsequent de-peg of the largest stablecoin USDT,…

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Nigeria to deploy an IP Registration and Payment Services on Algorand

The Government of Nigeria will use Algorand as a choice platform for IP registration and the creation of a payment service….

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PayPal VP: We Shall Integrate All Crypto and Blockchain Services

PayPal VP has said the payment processor will soon extend their service offerings to include more crypto and blockchain products….

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GameStop Releases an Ethereum Non-Custodial Wallet in Beta

GameStop has released an Ethereum non-custodial wallet in Beta for users to securely store fungible and non-fungible assets….

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3 Out of 4 Americans Will to Pay Their Gym Subscription Using Crypto: Survey

Most Americans are willing to pay their current gym memberships using crypto according to a recent survey by FitRated….

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Crypto News

Events under spotlight in Blockchain space (May 2022)

The DeFi business faces a growing danger from hackers. Every day, we see a number of protocols get hacked, phished, and compromised. Furthermore, the…

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Apecoin Crashes 97% Below All-Time High

Apecoin has now crashed 97% below its all time high. The impact has also been felt in the Ape NFTs which now have seen…

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Aave Protocol to Create a Stablecoin, GHO

Aave DAO, the governance body of the Aave Protocol, have voted to create an overcollateralized stablecoin, GHO….

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Bitcoin Spikes, FED Chair Oozes Confidence in Taming Inflation

Bitcoin prices are moving higher following the U.S. FED decision to hike interest rates to tame rising inflation….

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Kraken Reportedly Violated U.S. Sanctions on Iran

Kraken will likely get a fine from the U.S. Treasury Department for reportedly permitting Iranians to trade assets using its platform….

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The SEC Investigating Coinbase for Listing Securities

Coinbase is reportedly being investigated by the U.S. SEC for listing digital assets the regular claim to be securities….

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Analyst: Bitcoin Has a Solid Base to Move Forward

Bitcoin has a solid base to advance after sharp price dips according to Mohamed El-Erian, a revered financial market analyst,….

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U.S. Bill Demands Stablecoin Reserves be in Cash and Treasuries

Stablecoin issuers like Tether Holdings and Circle Inc. will have to keep their reserves in cash and treasuries if this bill becomes law….

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Polygon Releases the zkEVM to Scale Ethereum

Polygon has released the first implementation of zkEVM to scale Ethereum and ensure EVM equivalence while ensuring high performance….

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Algorand Foundation Possibly lost Millions of Dollars in ALGO to 3AC

Algorand Foundation is one of the over 25 creditors seeking damages from the collapsed crypto hedge fund, 3AC….

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Coinbase: USDC, USDT to Face More Liquidity Problems if The FED Hikes Interest Rates

A Coinbase report predicts that stablecoins, including USDC and USDT, will face liquidity challenges if the FED hikes rates….

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USDC Backed by $55.7 Billion in Reserves Mostly Held in U.S. Treasuries

USDC is sufficiently backed with $55.7 billion in reserves mostly held in U.S. Treasuries and cash in regulated banks….

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Celsius Network Files for Bankruptcy, has $167 Million in Cash

Celsius Network has filed for bankruptcy in New York to stabilize and restructure less than a month after suspending withdrawals….

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Apecoin Crashes 97% Below All-Time High

Apecoin has now crashed 97% below its all time high. The impact has also been felt in the Ape NFTs which now have seen…

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Aave Protocol to Create a Stablecoin, GHO

Aave DAO, the governance body of the Aave Protocol, have voted to create an overcollateralized stablecoin, GHO….

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Bitcoin Spikes, FED Chair Oozes Confidence in Taming Inflation

Bitcoin prices are moving higher following the U.S. FED decision to hike interest rates to tame rising inflation….

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Kraken Reportedly Violated U.S. Sanctions on Iran

Kraken will likely get a fine from the U.S. Treasury Department for reportedly permitting Iranians to trade assets using its platform….

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The SEC Investigating Coinbase for Listing Securities

Coinbase is reportedly being investigated by the U.S. SEC for listing digital assets the regular claim to be securities….

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Analyst: Bitcoin Has a Solid Base to Move Forward

Bitcoin has a solid base to advance after sharp price dips according to Mohamed El-Erian, a revered financial market analyst,….

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U.S. Bill Demands Stablecoin Reserves be in Cash and Treasuries

Stablecoin issuers like Tether Holdings and Circle Inc. will have to keep their reserves in cash and treasuries if this bill becomes law….

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Polygon Releases the zkEVM to Scale Ethereum

Polygon has released the first implementation of zkEVM to scale Ethereum and ensure EVM equivalence while ensuring high performance….

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Algorand Foundation Possibly lost Millions of Dollars in ALGO to 3AC

Algorand Foundation is one of the over 25 creditors seeking damages from the collapsed crypto hedge fund, 3AC….

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Coinbase: USDC, USDT to Face More Liquidity Problems if The FED Hikes Interest Rates

A Coinbase report predicts that stablecoins, including USDC and USDT, will face liquidity challenges if the FED hikes rates….

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USDC Backed by $55.7 Billion in Reserves Mostly Held in U.S. Treasuries

USDC is sufficiently backed with $55.7 billion in reserves mostly held in U.S. Treasuries and cash in regulated banks….

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Celsius Network Files for Bankruptcy, has $167 Million in Cash

Celsius Network has filed for bankruptcy in New York to stabilize and restructure less than a month after suspending withdrawals….

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