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Cryptocurrency
DEI stablecoin loses USD peg after TerraUSD. Why?
May 17, 2022 04:09 PM AEST| By Ankit SethiHighlights After TerraUSD’s decline, the stress in stablecoin category seems to have gripped DEI crypto DEI is a part of DeFi project titled DEUS Finance, a protocol with its second token DEUS DEI was trading at a price of nearly US$0.6 .....
What is Bityuan crypto and is BTY token safe?
May 17, 2022 04:03 PM AEST| By Ankit SethiHighlights Though the total market cap is back to US$1.3 trillion level, there is no certainty about future Bityuan talks about parachain development services, with multiple nodes backing the mainnet BTY token of Bityuan has yet to list for tr.....
Crypto Catch: Australian Taxation Office to target capital gains on cryptos
May 17, 2022 01:56 PM AEST| By Daniel Paul JohnsHighlights The Australian Taxation Office will be targeting capital gains made from crypto assets with the agency looking to crackdown on mistakes the public are making Bitcoin fell three per cent from yesterday and currently sits at US$29,866 .....
Australia’s first Crypto ETF underwhelms on debut
May 17, 2022 03:55 AM AEST| By Daniel Paul JohnsHighlights Australia’s first crypto tracking exchange traded funds (ETF) met a subdued reception upon its launch on Thursday Some market experts are predicting crypto to stabilise this week after last weeks bloodbath, which saw the market.....
Bitcoin (BTC) dips below US$30,000, sliding for seventh straight week
May 17, 2022 03:02 AM AEST| By Rupam RoyHighlights: Bitcoin (BTC) traded below the US$30,000 mark on Monday, continuing its decline. Bitcoin prices were down for the seventh consecutive week for the first time. Bitcoin hit an all-time high of US$68,789.63 in November 2021. The .....
Songbird Crypto: Why is SGB token giving its investors jitters?
May 17, 2022 02:33 AM AEST| By Rishika RainaHighlights On 16 May, Songbird Crypto (SGB) hit its all-time low of US$0.01652607, according to CoinGecko. Songbird is basically the Canary Network for Flare that helps the Flare Network to update itself while testing its new features in the lo.....
Why is UK Treasury legalising stablecoins despite Terra crash?
May 17, 2022 02:24 AM AEST| By Manu ShankarHighlights The Her Majesty's Treasury, on Monday, in an announcement said that it will be regulating stablecoins as legal tender. It is suggested that the Treasury's decision to regulate the stablecoin was highlighted during the Queen's Speech......
What does UK Court’s ruling to term NFTs as private property mean?
May 17, 2022 02:17 AM AEST| By Manu ShankarHighlights In a landmark judgment, the High Court of Justice in London ruled that the nonfungible tokens (NFTs) represent "private property." Experts have said the judgment has added more ambiguity around the concept of NFTs. While the High Co.....
What is Arweave (AR) crypto? and What is its Open Web Foundry?
May 17, 2022 01:34 AM AEST| By Versha JainArweave (AR) token is rising on Monday with 12.33% gains to US$17.21 at 7:16 am ET. The Arweave protocol recently has invested in the RareCandy3D, a virtual publishing house for rare digital and physical collectibles on the Ethereum blockchain. Arw.....
Why is Celsius (CEL) crypto gaining attention?
May 17, 2022 12:18 AM AEST| By Rupam RoyHighlights: Celsius (CEL) is a crypto banking and financial services platform. The CEL token can be traded on exchanges like OKX, Bybit, etc. Celsius Mining LLC has recently submitted a draft registration statement on Form S-1 confidentially w.....
Top 3 NFT land projects to explore in June
May 17, 2022 12:04 AM AEST| By Raza NaqviHighlights: Some analysts believe that the NFTs are here to stay, and their popularity could grow rapidly in future. The NFT land projects were built for content creators, individuals, and business organizations looking for a business opportuni.....
Why Beefy Finance (BIFI) crypto volume surged 3000%?
May 16, 2022 11:30 PM AEST| By Versha JainHighlights Beefy Finance (BIFI) is a decentralized, multi-chain, yield-optimizer platform. Its main products are vaults, where one can stake crypto tokens. The platform has a Total Value Locked (TVL) of US$396.7 million. Beefy.....
Ampleforth Governance FORTH token rises: What is Ampleforth crypto?
May 16, 2022 05:51 PM AEST| By Ankit SethiHighlights Ampleforth Governance says it can provide stable assets with low correlation to BTC price The project has multiple tokens -- FORTH, AMPL, and a yet to be launched stablecoin Ampleforth Governance trading volume has recently surged, .....
What are penny cryptos? A look at 2 such cryptos- XRP and Ren
May 16, 2022 04:14 PM AEST| By Jasmine AnandHighlights In order to diversify their portfolios, Investors look for cheap and inexpensive crypto investments, offering quick profits XRP was jumping 4.10% at the time of writing Ren’s platform helps in generating cross-chain liquidity .....
MLN token trading volume up 3,000%: Why is MLN rising?
May 16, 2022 03:58 PM AEST| By Ankit SethiHighlights DeFi aggregator Enzyme Finance protocol’s MLN crypto’s trade volume has gained sharply The protocol has tweeted that MLN has no links with Terra, which may be the reason behind this rise in activity MLN token year-to-dat.....
MContent crypto gains: What are its streaming and funding services?
May 16, 2022 03:31 PM AEST| By Ankit SethiHighlights Almost every crypto claims to have a linked project like metaverse, gaming or DeFi services MContent crypto is said to offer a platform to content creators with seed funding facilities MContent token is very new in comparison to cry.....
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CLT, SAPP, BNX, AXEL, MKR: 5 cryptos that gained despite market dip
May 14, 2022 07:00 PM AEST| By Manu ShankarThe crypto market has seen an eventful week. The crypto market lost US$200 billion in a single day reducing the global market cap to US$1.21 trillion. The US$200-a-day loss on 12 May was largely due to the Terra crash, which lost 100% of its value .....
What could have caused crypto crash and what can be its effects?
May 14, 2022 02:01 PM AEST| By Ankit SethiHighlights Why cryptos crash is a complex question to answer. A slew of causes may be behind this A few experts believe that the crypto market lacks adequate liquidity, which leads to subdued demand It might be possible that regulators.....
Are you an NFT lover? Know top 3 NFT marketplaces
May 14, 2022 06:00 AM AEST| By Jasmine AnandHighlights Nowadays, NFTs are the talk of the town OpenSea is the leading NFT marketplace, boasting a beginner-friendly platform Nifty Gateway host a diverse range of NFTs, especially those by celebrities and top artists These days non-fu.....
Why are Cronos (CRO) and Crypto.com in focus?
May 14, 2022 03:49 AM AEST| By Rupam RoyHighlights: The CRO token is the native crypto of the Cronos Chain. The CRO token is available for trading on exchanges like Bittrex, OKEx, etc. It saw the highest price of US$0.427 in the last 30 days. The Cronos (CRO) crypto gained trac.....
AI on the Rise: A Look at Top AI Companies and Their Stocks