Stablecoin Experiment TerraUSD Crumbles as hit low of 60 cents in broad selloff
TerraUSD was created to offer a 1-to-1 peg against the U.S. Dollar. Do Kwon’s Token fell to 60 cents during a broad sale
The VC Trend Continues: Fasanara Capital raises $350M For crypto and fintech VC fund
Venture capital continues to focus on crypto and fintech funding. Web3 is expected to be a significant trend in 2022.
Mara – African Crypto Exchange Launches With Backing From Alameda and Coinbase
It will be the official cryptocurrency partner of the Central African Republic. This is the second country to legalize Bitcoin.
The OneCoin founder Ruja Ignatova Makes The Most Wanted List
OneCoin founder is accused of stealing as much as $5 Billion from investors in 2017. Since she boarded a flight to Athens, she hasn’t been seen.
As Crypto Gains Global Adoption, Is This The Perfect Position For Use In Retail
Experts believe that crypto will have a greater impact on the retail industry as more people invest in digital currencies.
DeFi Heavyweights Bancor Give Investors 100% Loss Protection
Bancor, DeFi veterans, has introduced a new impermanent liquidity solution that protects against loss to make staketaking easier and more efficient.
Election Candidates Obliged to Report Crypto Assets Held Outside of Russia
President Vladimir Putin approved amends to his decree that requires Russian citizens to declare any property they have abroad. The new regulation includes cryptocurrencies as assets candidates must report to the state.
New York Based Townsquare media Company Adds Bitcoin To Balance Sheet
Although the purchase will not affect the millions of Bitcoin held by other companies, the company claimed it could have made $1.2million if it had sold its holdings in the first quarter.
Coinbase CEO Blames Indian Central Bank’s Pressure For disrupted payments: Coinbase CEO
Brian Armstrong, CEO of Coinbase, stated that “It seems we have a concern about [the Reserve Bank of India] possibly being in violation of the Supreme Court decision.”
Kucoin, The Top Tier Cryptocurrency Exchange Raises $150 Million Valuing The Exchange at $10 Billion
Kucoin, a cryptocurrency exchange based in Seychelles, announced that it raised $150 million in pre-Series A funding. Jump Crypto led the negotiation with participation from IDG Capital, Circle Ventures and Matrix Partners. The exchange was then valued at $10 billion. These funds will be used by the exchange to continue expanding in the Web3 sector.
