‘Fire Sale Prices’: Coinbase CEO on Stock’s 87% Decline Since 2021 Debut
Brian Armstrong sought to reassure investors as the company’s stock plunged to new lows.
Crypto Firms Quick to Announce No Exposure to UST, LUNA
Stakeholders rushed to Twitter this morning to head off any damage caused by Terra’s stablecoin and native token cratering.
How Yuga Labs’ NFT sale failed to put its community first
The largest and perhaps most highly anticipated NFT sale so far this year took place recently when Yuga Labs launched their sale of virtual land to ApeCoin holders for around…
Australia’s first Bitcoin and Ethereum spot ETFs go live
Australia’s first three cryptocurrency exchange-traded funds (ETF) launched on the Cboe exchange on Thursday, bringing Bitcoin and Ethereum products to the stock market. See related article: Launch of three crypto…
Coinbase blames India’s central bank for exit
Coinbase Global Inc., had to shutter its services to Indian customers following “informal pressure” from the Reserve Bank of India (RBI), the chief executive officer of the global cryptocurrency giant…
KuCoin raises US$150 mln at US$10B valuation
See related article: KuCoin launches $100 mln fund for NFT projects Fast facts Circle Ventures, the investment arm of USDC stablecoin issuer Circle, also participated in the funding round, along…
South Korea hopes to institutionalize crypto by 2024
South Korea’s new administration under President Yoon Suk-yeol announced it plans to establish a new regulatory framework for crypto institutionalization to go into effect by 2024 after proposing legislation in…
Terra LUNA’s sacrifice pushes UST to US$0.84
TerraUSD (UST) climbed to a high of US$0.84 on Thursday after Terra proposed a network upgrade to increase the blockchain’s native token LUNA, in hopes to save its algorithmic stablecoin’s…
China’s industry lobby forms metaverse committee to help draft standards
China’s state-backed computer industry association set up a dedicated committee for metaverse development on Wednesday amid the country’s growing expansion into the virtual-reality world, local media reported. See related article:…