Bitcoin News
Terra plunges back to earth as UST stablecoin loses dollar peg
Top blockchain and crypto news: UST knocked out of Luna orbit. Making NFTs Instagrammable. China’s black market 'digital collectibles' trade.
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Bitcoin News
Covid-19, postponed Asian Games to push digital yuan into the slow lane?
China’s central bank is driving the adoption of the digital currency, but a spate of lockdowns is slowing the economy and raising questions about the rollout.
Ningwei Qin
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Bitcoin News
Bitcoin mining difficulty at a record high
Bitcoin mining difficulty hit another all-time-high on Wednesday, recording a 4.9% increase from the previous adjustment last month. See related article: SEC places Chinese crypto mining rig maker Canaan on pre-delisting list Fast facts The mining difficulty reading is now at 31.25 trillion at a block height of 735,840, according to BTC.com data. The previous […]
Timmy Shen
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Bitcoin News
Not worried about Bitcoin margin call: MicroStrategy’s Michael Saylor
The CEO of business analytics software firm MicroStrategy took to Twitter to reassure investors as an outsized bet on Bitcoin faltered. See related article: Has Bitcoin become a victim of its own success? Fast facts If the price of Bitcoin falls below US$3,562, the company could post some other collateral, Saylor claimed. MicroStrategy has a […]
Pradipta Mukherjee
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Bitcoin News
Bitcoin kimchi premium spikes to 2022 high before dropping to 3%
South Korea’s kimchi premium dropped to around 3.39% on Wednesday after climbing up to its highest since December, 6.28%, on Tuesday, according to CryptoQuant data. See related article: Korea’s Bitcoin kimchi premium explodes as Kakao rises on Upbit rumors Fast facts Kimchi premium describes the higher price gap between tokens on South Korean exchanges and […]
Danny Park
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Bitcoin News
Run on UST cuts the ground from under Terra’s feet
A probable run on terraUSD (UST) has weighed on the ability of the company and the non-profit behind the pioneering stablecoin project to defend its dollar peg.
Lachlan Keller
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Bitcoin News
Three Australian crypto ETFs to debut on Thursday after delays
Australia’s first cryptocurrency exchange-traded funds (ETFs) are set to go live on Thursday May 12 on the country’s Cboe exchange after delays kept the financial products off the market for two weeks. See related article: Launch of three crypto ETFs in Australia delayed Fast facts Three funds were initially announced for listing in late April […]
Lachlan Keller
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Bitcoin News
El Salvador snaps up US$15 mln in Bitcoin after price plunge
El Salvador this week bought 500 Bitcoins for US$15.37 million, taking advantage of a sharp price decline to add to its holdings of the cryptocurrency, which is also legal tender in the Central American country. See related article: El Salvador to build world’s first ‘Bitcoin City’ to be powered by volcanoes Fast facts “El Salvador […]
Timmy Shen
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Bitcoin News
Bitcoin, crypto market dive to lowest mark since February
Almost US$250 billion has been wiped from the cryptocurrency market since Thursday, with Bitcoin tumbling below US$35,000 on Monday for the first time since February. See related article: Bitcoin falls with Nasdaq’s worst performance since 2020 Fast facts Fellow market leader Ethereum was trading at US$2,532 at press time. Terra LUNA was among the biggest […]
Lachlan Keller
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Bitcoin News
Bitcoin falls with Nasdaq’s worst performance since 2020
The Nasdaq Composite had its worst drop since June 2020, closing Thursday down 4.99% the day after the U.S. Federal Reserve announced the sharpest interest rate hike since 2000. See related article: Bitcoin flirts with US$40K as Fed stamps highest rate hike in 22 years Fast facts The cryptocurrency market joined the selloff, losing over […]
Lachlan Keller