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News
Why is THORChain (RUNE) crypto rising?
May 14, 2022 03:12 AM AEST| By Rupam RoyHighlights: THORChain, a decentralized liquidity protocol, allows users to exchange crypto assets across networks. The token is available for trading on exchanges like Binance, SushiSwap, etc. It saw the highest price of US$9.87 in the last 30...
Why is Step App (FITFI) crypto up 200%?
May 14, 2022 02:46 AM AEST| By Versha JainHighlights Step App is a protocol that helps create a gamified metaverse for the fitness economy. Step App offers services such as staking, liquidity incentives, locks, and buybacks. FITFI is a governance token of Step App, while K...
World’s leading stablecoin Tether de-pegs and gets back on course
May 13, 2022 10:03 PM AEST| By Manu ShankarHighlights After the collapse of the algorithmic stablecoin TerraUSD, the world’s leading stablecoin Tether, briefly lost its peg on 12 May. Friday (13 May) brought some joy and relief to the stablecoin traders as Tether managed to climb ...
British rapper KSI loses more than US$2.8 billion in Terra’s (Luna) crash
May 13, 2022 06:51 PM AEST| By Manu ShankarHighlights British YouTuber and rapper JJ Olatunji, also known as KSI, lost more than US$2.8 million in the current crash. On 13 May, Terra lost 100% of its value and was trading at US$0.00001959 with a trading volume of US$408,542,399 over a d...
GMT crypto soars 70%: Does this move-to-earn token has any future?
May 13, 2022 05:32 PM AEST| By Raza NaqviHighlights Amid the rising crypto market, the STEPN (GMT) crypto was among the top gainers as its price was up by 70 per cent. The Green Metaverse Token (GMT) is the governance token of STEPN, a crypto-based lifestyle application. The GMT cryp...
Terra Luna’s shock crash shines spotlight on cracks within crypto industry
May 13, 2022 04:16 PM AEST| By Daniel Paul JohnsHighlights Terra Luna token has nosedived from a high of US$118 in April to just six US cents, where it currently sits It’s been a horrendous week for the crypto market with the vast majority of digital currencies suffering heavy losses ...
Will LUNA recover? Factors that could shape its recovery
May 13, 2022 04:03 PM AEST| By Ankit SethiHighlights LUNA crypto crash has come alongside a broader bearish phase, with many cryptos having lost value LUNA’s utility, which includes its association with UST stablecoin, could shape its recovery Reports suggest Luna Foundation Gua...
What is Tesla Token and is it safe?
May 13, 2022 03:35 PM AEST| By Ankit SethiHighlights Bitcoin has regained at least some ground, but the wider cryptoverse is still under severe stress FTX offers tokenized stocks, and Tesla Token is said to be backed by Tesla stock trading on traditional stock exchange UST stablecoin ...
Crypto Catch: Terra Luna crash triggers selloff in crypto market, investors spooked
May 13, 2022 01:55 PM AEST| By Daniel Paul JohnsIt’s been a rough week for the crypto market with most tokens losing significant ground over the past seven days. The Terra Luna token fell from a high of US$118 in April to just six US cents, where it currently sits. Terra Luna’s col...
Global cryptocurrency regulatory body on the anvil, says top official
May 13, 2022 05:42 AM AEST| By Versha JainHighlights Online scams and hacking have increased as the cryptocurrency market grew. Officials are considering a global crypto regulatory body by next year to boost security. Last year, IMF issued guidelines for setting up a crypto mark...
Why is Dogecoin (DOGE) crypto gaining attention amid a dip?
May 13, 2022 04:13 AM AEST| By Rupam RoyHighlights: Based on the popular internet meme "doge", Dogecoin features a Shiba Inu on its logo. The token can be traded on exchanges like Binance, OKX, etc. WordPress websites accept DOGE as payments without third-party interference. Th...
Why MetaPay (METAPAY) crypto zoomed 240% in one day?
May 13, 2022 02:35 AM AEST| By Versha JainHighlights METAPAY token is used in the Metaxion universe to make purchases. Metaxion is built in the metaverse universe. The token is available for purchase on PancakeSwap (V2) and VinDAX crypto exchanges. The MetaPay (METAPA...
Why is Tether (USDT) crypto dropping from its dollar-pegged price?
May 13, 2022 01:45 AM AEST| By Rupam RoyHighlights: Tether (USDT) slipped from its dollar-pegged price on Thursday. The global crypto market slumped over 7% on Thursday morning. USDT can be traded on exchanges like Binance, OKEx, etc. Stablecoins were in focus this week as the ...
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3 times billions got wiped off crypto markets in 2022
May 13, 2022 12:30 AM AEST| By Manu ShankarThe bloodbath in the crypto market intensified on Thursday, which saw US$200 billion wiped off the crypto market. The crypto carnage market is well and truly has the market in its firm grips. For the second time in the month, the market saw big-billi...
TerraUSD (UST) coin rises over 40%: What does it mean for investors?
May 12, 2022 11:30 PM AEST| By Raza NaqviThe price of TerraUSD (UST) crypto rose over 40 per cent over the last 24 hours, and it was trading at US$ 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...
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