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News
TerraUSD (UST) coin rises over 40%: What does it mean for investors?
May 12, 2022 11:30 PM AEST| By Raza NaqviThe price of TerraUSD (UST) crypto rose over 40 per cent over the last 24 hours, and it was trading at US$ 0.608 per token at 8 AM EST, according to CoinMarketCap data. The one-day volume of the UST stablecoin climbed 1.4 per cent to US$ 5.5 billio...
What is DeFi? Can it coexist with the traditional banking system?
May 12, 2022 07:39 PM AEST| By Sonal GoyalHighlights Decentralised Finance (DeFi) is an umbrella term used to describe peer-to-peer financial services offered on public blockchains DeFi platforms ensure transparency and security, but they are also prone to frauds Risk-averse users wil...
WhaleFin’s deal with Chelsea: A match in the virtual asset world
May 12, 2022 06:42 PM AEST| By Manu ShankarHighlights On 11 May, English Premier League giants Chelsea FC inked a deal with a crypto trading and lending platform WhaleFin. WhaleFin, in a £20million-a-year deal, is said to have agreed to sponsor the London club from next season. A...
3 cryptos that are gaining amid crash in the cryptoverse
May 12, 2022 06:30 PM AEST| By Ankit SethiHighlights BTC and ETH 24-hour losses contributed to the total market cap of cryptos falling below US$1.2 trillion Amid the crash, a few cryptoassets, although having low market cap, managed to rise in value No matter how high or low the marke...
Cheers or fears? Crypto ETFs debut in Australia amid crypto mayhem
May 12, 2022 06:09 PM AEST| By AayushHighlights The much-awaited Australian crypto ETFs marked their debut on CXA on Thursday. Bitcoin has lost a massive 21% this week alone to a 52-week low of US$26,600 by 3:50 PM AEST today. Selling in cryptos intensified after Coinbase warned ...
Is the crypto market dead? Here's what you must know as an investor
May 12, 2022 05:34 PM AEST| By Raza NaqviHighlights On Thursday morning, the Bitcoin price was down to US$ 27,152.5 per token as of writing. The crypto market cap declined by 18.4 per cent over the previous day at the time of writing. Some analysts believe that the market's dip could...
GYEN stablecoin trading volume up 700%: What could it mean?
May 12, 2022 04:50 PM AEST| By Ankit SethiHighlights Stablecoin category of the cryptoverse is facing heat after the losses manifested by UST GYEN stablecoin is said to be pegged to the Japanese yen, and its trading volume has surged GYEN crypto’s market cap is very low as compa...
What are Madonna NFTs and are they failing to invite high bids?
May 12, 2022 03:37 PM AEST| By Ankit SethiHighlights Madonna’s NFTs are being auctioned for charitable purpose on SuperRare, a digital asset marketplace So far, the bids have not been very high, which may be attributed to the ongoing dull phase in all cryptos SuperRare’s n...
Crypto Catch: Bitcoin drops to US$29k level; crypto ETFs launch in Australia
May 12, 2022 01:55 PM AEST| By Daniel Paul JohnsHighlights Bitcoin has dipped to its lowest point in over a year with the flagship token dropping 4.4 per cent since yesterday to add to its overall decline this week Coinbase shares plunged around 25 per cent to its current price of US$53.72 &...
What is yield farming? Is it the best way to invest in cryptocurrencies?
May 12, 2022 10:01 AM AEST| By Sonal GoyalHighlights In yield farming, the crypto investor can earn good income by lending their crypto holdings Yield farming is performed on decentralised finance platforms There are a lot of decentralised finance platform through which yield farming ...
Is FTX Token (FTT) crypto trending on New York Trust Charter news?
May 12, 2022 03:42 AM AEST| By Rupam RoyHighlights: FTX is a crypto derivative platform launched in May 2019. The FTT token is available for trading on several exchanges like Binance, BingX, etc. The FTT token saw the highest price of US$48.28 in the last 30 days. The FTX Token...
Why is XYO (XYO) crypto rising despite market turbulence?
May 12, 2022 12:37 AM AEST| By Versha JainHighlights XYO is a technology protocol. It has 73,139 token holders: the top 100 holders account for 51% of the holdings. The XYO token has a market capitalization of US$161.4 million. The global crypto market was down 5.93% to US$...
Why is Maker (MKR) crypto up 35%?
May 12, 2022 12:31 AM AEST| By Versha JainHighlights Maker (MKR) is an Ethereum based governance token of Maker DAO (Decentralized organization) and Maker protocol (a software platform). It is used to issue and manage DAI stablecoin. DAI is a community managed, decentraliz...
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Stronger (STRNGR) crypto: Will the rally last for this token?
May 12, 2022 12:18 AM AEST| By Manu ShankarHighlights The STRNGR crypto is the first and only blockchain-agnostic network that aims to reward the nodes for supporting their infrastructure. Built on top of the Ethereum blockchain, the STRGNR allows the users to either use the existing no...
Does Talos' crypto investment signal growth of institutional investors?
May 12, 2022 12:13 AM AEST| By Manu ShankarHighlights Digital asset trading technology firm Talos has managed to secure a US$1.25 billion valuation after closing a US$105 million Series B funding round. The Series B funding round was led by the likes of Wells Fargo, Citi, and BNY Mellon...
What is ALI crypto and why is it rising?
May 11, 2022 10:11 PM AEST| By Raza NaqviHighlights The ALI crypto was trading at US$ 0.00002448 per token and probably caught the investors' attention. The ALI crypto could be the native token of the AiLink network. AiLink network was reportedly founded in Shanghai, China. As per Co...
Terra (Luna) crypto down by over 70%: Will it dip more?
May 11, 2022 06:22 PM AEST| By Manu ShankarHighlights Terra on Wednesday has now lost over 70% at the time of writing, and its drop is essentially the result of market bearishness which seems to have put too much pressure on both LUNA and TerraUSD (UST). LUNA lost almost 92.5% of it...
Citadel crypto price jumps over 100%: Should you be wary?
May 11, 2022 05:12 PM AEST| By Raza NaqviHighlights At 2 AM EST, the price of Citadel crypto was up 109 per cent, and it was trading at US$ 0.005395 per token. The CTL crypto is the native token of Citadel, which is a platform for accessible and scalable blockchain solutions. Citadel...
What are stablecoins? Top 3 assets by market cap in this category
May 11, 2022 04:11 PM AEST| By Ankit SethiHighlights Stablecoins are said to be facilitators in cryptocurrency trading as their values are “stable” Tether has the highest trading volume among all cryptos, thanks to its wide use in trading other digital assets The recent ep...
Crypto Catch: Bitcoin holds above US$30K; Tron’s TRX token bucks the trend
May 11, 2022 03:40 PM AEST| By Daniel Paul JohnsHighlights As the rest of the market has been left reeling from Bitcoin’s sudden crash in this past week, one altcoin has managed to buck the trend. TRX, the native token of the Tron network The token was valued at 7.2 US cents on May 5, ...
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