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Weekly overview

Ether plunges 13% while Bitcoin pushes BTC dominance to 2022 high — More pain ahead?

  • Post author:admin
  • Post published:May 13, 2022
  • Post category:Weekly overview

Bitcoin dominance has spiked to six-month highs at Ether’s expense as ETH/BTC suffers big losses. Ethereum’s native token, Ether (ETH), plunged to its lowest level in almost two months against Bitcoin…

Continue ReadingEther plunges 13% while Bitcoin pushes BTC dominance to 2022 high — More pain ahead?

Why the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains

  • Post author:admin
  • Post published:May 13, 2022
  • Post category:Weekly overview

Total assets invested in crypto ETFs and ETPs hit $16.3 billion by the end of the first quarter, but the community is still waiting for a spot Bitcoin ETF in…

Continue ReadingWhy the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains

Tether to move over 1B USDT from Tron to Ethereum and Avalanche

  • Post author:admin
  • Post published:May 13, 2022
  • Post category:Weekly overview

Tether announced that $1 billion USDT will be transferred to Ethereum while another $20 million USDT will go to Avalanche. The company also noted that it’s “business as usual” amid…

Continue ReadingTether to move over 1B USDT from Tron to Ethereum and Avalanche

PancakeSwap governance proposal set to cap CAKE supply at 750M

  • Post author:admin
  • Post published:May 13, 2022
  • Post category:Weekly overview

A snapshot motion issued by the PancakeSwap team received over 11 million CAKE votes since commencement, with the majority of participants favoring the v2 evolution. PancakeSwap, the decentralized finance (DeFi)…

Continue ReadingPancakeSwap governance proposal set to cap CAKE supply at 750M

Binance Futures delists coin-margined LUNA perpetual contracts

  • Post author:admin
  • Post published:May 13, 2022
  • Post category:Weekly overview

Binance suspended withdrawals for LUNA and UST amid the UST stablecoin losing its peg to the U.S. dollar on Tuesday. Amid the collapsing Terra network’s cryptocurrencies Luna (LUNA) and TerraUSD…

Continue ReadingBinance Futures delists coin-margined LUNA perpetual contracts

Leaked report: South Korea to establish crypto framework by 2024

  • Post author:admin
  • Post published:May 13, 2022
  • Post category:Weekly overview

The effort will include issuing guidance for NFTs and ICOs, expanding infrastructure and supporting CBDC research. The administration of the newly-elected President of South Korea, Yoon Suk-yeol, wastes no time…

Continue ReadingLeaked report: South Korea to establish crypto framework by 2024

Coinbase CEO says funds are safe amid bankruptcy protection fears

  • Post author:admin
  • Post published:May 13, 2022
  • Post category:Weekly overview

Brian Armstrong, co-founder and CEO of Coinbase, responded to fears surrounding a disclosure that the company made in its recent report. Following the Coinbase report where the company declared its…

Continue ReadingCoinbase CEO says funds are safe amid bankruptcy protection fears
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