Search Results for: acer

Bitcoin Fell Below $30K for the Second Time since mid-May, Low Institutional Demand Could Lead to Further Declines

Bitcoin fell below the $30,000 support level for the first time in four weeks. Attributed to the lack of institutional demand for Bitcoin and the large-scale sell-off of the safe-haven Bitcoin caused by the epidemic, the downward trend may be further exacerbated. Bitcoin has dropped 5.78% during the last 24 hours and has decreased by … Continue reading Bitcoin Fell Below $30K for the Second Time since mid-May, Low Institutional Demand Could Lead to Further Declines

How Will Litecoin Perform in 2021?

Will Litecoin Double Again by the End of 2021? Litecoin was developed and released in 2011 by Charlie Lee and has been one of the top ten cryptocurrencies in terms of market cap for the major part of the last decade. However, Litecoin’s market cap has recently witnessed a downturn and it currently ranks at … Continue reading How Will Litecoin Perform in 2021?

Will Terra’s UST and LUNA Crash Cause a Shift to ‘Cryptos that have Stood the Test of Time’?

LUNA has left crypto enthusiasts’ mouths agape because they could never imagine in their wildest dreams that one of the top ten cryptocurrencies could collapse to near-zero overnight. LUNA and TerraUSD (UST) are the native tokens of the Terra blockchain network developed by South Korean fintech firm Terraform Labs. LUNA sent shockwaves to the crypto market … Continue reading Will Terra’s UST and LUNA Crash Cause a Shift to ‘Cryptos that have Stood the Test of Time’?

Utopia Labs Raises $23m in Series A Led by Paradigm Capital

Utopia Labs, a Decentralized Autonomous Organization (DAO) management startup, has announced it has raised $23 million in a Series A funding round led by Paradigm Capital. As unveiled by the firm, this funding round also received backing from the startup’s earliest investor, Kindred Ventures, as well as participation from Circle Ventures, Gusto, Coinbase Ventures, and … Continue reading Utopia Labs Raises $23m in Series A Led by Paradigm Capital

Crypto Bank Silvergate Capital Receives Bullish Rating from Wells Fargo

Silvergate Capital, a crypto state-chartered bank based in California, has received a bullish rating from Wells Fargo, which initiated coverage on the digital asset company with an overweight rating based on rising interest rates and prospects for further growth in its exchange network. In a note, Jared Shaw, a Wells Fargo analyst, stated that Silvergate provides … Continue reading Crypto Bank Silvergate Capital Receives Bullish Rating from Wells Fargo

Crypto.Com, BlockFi Announce Massive Layoffs as Economic Crisis Bites

Crypto exchange Crypto.com and lending platform BlockFi announced on Monday plans to cut over 400 jobs globally, as they come under pressure from difficult market conditions.   Crypto.com said that it would reduce its workforce by 5%, that is about 260 employees. CEO Kris Marszalek disclosed the announcement via Twitter social media: “Our approach is … Continue reading Crypto.Com, BlockFi Announce Massive Layoffs as Economic Crisis Bites

US Treasury Invites Public Opinions on Digital Assets Framework

The US Department of the Treasury invited public opinions on Tuesday on the potential risks and benefits of cryptocurrencies based on President Joe Biden’s executive order in March. The Treasury stated that it is asking for input from the public that will help the administration in reporting to President Jow Biden on the possible impacts … Continue reading US Treasury Invites Public Opinions on Digital Assets Framework

Legendary Artist Yoshitaka Amano Partners With Astar Network For His New NFT Collection

Singapore, Singapore, 29th September, 2022, Chainwire Astar Network, a smart contracts platform for multichain, today announces its partnership with the legendary artist Yoshitaka Amano to create and release an exclusive NFT collection on the Astar blockchain. This is the first time Mr. Amano’s fantasy worlds and characters will come to life on a blockchain, where … Continue reading Legendary Artist Yoshitaka Amano Partners With Astar Network For His New NFT Collection

Cere Network unveils Vision 2.0 primed to be a key driver of Web3 infrastructure adoption in 2023

Berlin, Germany, 20th October, 2022, Chainwire Cere Network, a leader in Decentralized Data Cloud (DDC) platforms, announced today the launch of Vision 2.0 to update supporters on its mission for truly decentralized Web3. The Vision 2.0 release follows the launch of Cere Network’s new website, which displays an array of exciting technology updates along with … Continue reading Cere Network unveils Vision 2.0 primed to be a key driver of Web3 infrastructure adoption in 2023

Hodlnaut Lost $190M from Hong Kong Branch in TerraUSD Wreck

A report from the interim judicial manager has uncovered that cryptocurrency lender Hodlnaut’s Hong Kong branch lost nearly $190 million during the collapse of the Terra/Luna digital token in May 2022. According to the report, Hodlnaut’s directors had downplayed the range of the group’s exposure to digital tokens. The report stated, “it appears that the … Continue reading Hodlnaut Lost $190M from Hong Kong Branch in TerraUSD Wreck

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