Crypto Market Cap Lost $100B in a Day as Bitcoin Dropped to a Weekly Low
The bears continued to push bitcoin south in the past 24 hours, and the asset dropped to a weekly low of just over $62,000. Most altcoins are also in the…
Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Terra, an algorithmic stablecoin project, will burn $4.5 billion worth of terra (LUNA), its native token, from its community pool. The decision was taken using the on-chain governance system, and…
The Metaverse Is the Next Big Investment Theme, According to Morgan Stanley
Investment bank Morgan Stanley has stated the metaverse is now the next big investment theme, in a note directed to investors Thursday. Strategists from the bank believe this alternate conception…
The SEC Rejected VanEck’s Spot Bitcoin ETF Application Citing Investor Protection
The United States Securities and Exchange Commission has rejected VanEck’s proposal for a spot Bitcoin ETF. This comes after several delays by the agency. The global investment manager VanEck has…
Chinese provincial official expelled for violating crypto mining ban
A former CCP official from Jiangxi province allegedly abused his administrative powers to undermine the political principle of “two maintenance,” which relates to the notion of firmly maintaining the authority…
Bitcoin’s Hashrate Soars 42% Higher Over the Last 3 Months Following Crypto Asset’s 36% Price Increase
While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since…
Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s Wallet
A large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by the Finiko Ponzi scheme in Russia. The wallet’s unknown operators have transferred coins worth $48…
90% of Americans Have at Least Basic Cryptocurrency Knowledge: Survey
According to a recent survey conducted by Pew Research Center, the vast majority of US adults (86%) have heard at least a little about digital currencies. However, only 16% of…