Cardano is still a hot crypto project in the cryptocurrency community. Despite the harsh price decrease that happened to its token ADA, investors are still eyeing Cardano as its technical offering stands strong. Now that the crypto market is rallying back, should you consider buying Cardano? Is Cardano worth it?…
Category: Crypto
Yuga Labs Files Lawsuit Against Artist Producing BAYC Copycat Collection
Yuga Labs, the blockchain startup behind the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) collection has filed a lawsuit against digital artist Ryder Ripps and several associates for producing a copycat version of Bored Apes. In the 43-page lawsuit filed in California on Friday, Yuga Labs argued that the…
HitBTC Added USDD to its Roster
HitBTC became one of the crypto exchanges to add USDD, a new stablecoin issued by TRON DAO Reserve. USDD is a self-stabilized asset based on the incentives mechanisms that allow the price and liquidity to stay at a constant level, so the coin will always keep a $1 value. On…
Bitcoin’s value can be looked at in different ways, says FTX US President
FTX U.S. President Brett Harrison told CNBC’s ‘Squawk Box’ on Thursday that the crypto industry is still seeing huge venture capital investments despite the tough times occasioned by the bear market. According to the FTX US boss, while the industry continues to face the blunt force of the crypto winter, markets…
EX Sports to drop ‘Belgium Edition’ Urbanball Mystery Boxes exclusively on Binance NFT – Crypto News Flash
Dubai, UAE, 22nd June, 2022, Chainwire The second drop from the Urbanball NFT collection will be on June 24e, 11am UTC After selling out in its first drop on Binance NFT, Urbanball is now set for its second drop on the platform, this time featuring ‘Belgium Edition’ street football NFTs.…
More Problems: Distressed Lending Platform Babel Finance Rescued Amid Crisis
On June 16, major cryptocurrency lending platform Babel Finance announced that withdrawals would be temporarily halted because of “unusual liquidity pressures.” Liquidity issues are currently challenging the survival of multiple DeFi services, especially lending platforms. Celsius has created a ripple effect on other lenders in the industry. BlockFi’s competitor has…
Ethereum launches Sepolia testnet as Merge inches closer
The Ethereum Merge is inching closer, given the strategic steps the development team is taking to make the transition to proof-of-stake (PoS) successful. The Sepolia testnet Beacon Chain has been launched, which is among the key steps leading up to the Merge. Ethereum launches Sepolia testnet The Sepolia testnet will…
What Are the Risks of Staking Crypto?
Staking crypto comes with a great deal of risk. When you stake your coins, you’re essentially putting them up as collateral to receive rewards. If the price of the coin falls, you could lose your entire stake. Additionally, if the network interest falls or the staking pool functionality changes, you…
Why This Might Be Crypto’s Worst Year Yet
Advertisement     Six months into 2022 and the crypto industry has been hit by several blows. NFTs and crypto projects were victims of a catastrophic exploit that is reminiscent of the dark days of 2017. Optimists are hopeful for better days in the second half of the…
TRON DAO Struggles Continue, USDD Still Depegged
TRON’S USDD stablecoin is still de-pegged. The stablecoin currently hovers at $0.962. Meanwhile, TRON trades at $0.0611. Despite TRON (TRX) having deployed efforts to peg its USDD stablecoin, it is still depegged below $1 over the past week. Today, TRON DAO Reserve tweeted that it has purchased 10 million USDD…