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Coinbase Shares Plunge as Company Reports Q1 Losses of $430M

Coinbase Shares Plunge as Company Reports Q1 Losses of $430M

The exchange’s trading volumes fell around 44% between January and March as it reported worse than expected earnings for the period. Crypto markets were largely constrained for the first quarter, with few opportunities for short-term

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US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco

US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco

As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten the country’s financial stability. Treasury

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KuCoin Bags $150M at $10B Valuation to Focus on Web3, NFT, and DeFi

KuCoin Bags $150M at $10B Valuation to Focus on Web3, NFT, and DeFi

KuCoin has announced raising $150 million pre-Series B funding round led by Jump Crypto. The event also saw the participation of Circle Ventures, IDG Capital, and Matrix Partners. The exchange’s valuation jumped to $10 billion

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Bitcoin Addresses with 1 BTC Surpass 830,000 as Number of Retail Investors Grows

Bitcoin Addresses with 1 BTC Surpass 830,000 as Number of Retail Investors Grows

Holding of at least 1 BTC has marked new all-time high of 836,922 On-Chain Analytics Company Data glass knot indicates a significant increase in the number of Bitcoin addresses holding more than 1 BTC. Holding

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678 Million XRP Shoveled by Anon Wallets, 256 Million Moved in Single Lump

678 Million XRP Shoveled by Anon Wallets, 256 Million Moved in Single Lump

Several top exchanges and anonymous wallets have transferred close to 680 million XRP; almost half of it was moved in a single chunk A staggering 678.5 million XRP tokens have been transferred by major crypto

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UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation

UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation

On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical

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NASA Partners With Epic Games to Create a Martian Metaverse Simulation

NASA Partners With Epic Games to Create a Martian Metaverse Simulation

NASA, the U.S. space agency, has partnered with Epic Games, the company behind Fortnite, to build a challenge for developers to help create a Martian metaverse experience. The challenge will include various tasks, including designing

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Cardano Founder on UST Collapse: Markets Are Defined Best Under Stress

Cardano Founder on UST Collapse: Markets Are Defined Best Under Stress

Terra's algorithmic stablecoin, UST, suffered a free fall to lows of $0.61 on May 10 after losing its peg Founder of Cardan Charles Hoskinson believes that markets are better defined under stress as Terra and

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ApeCoin (APE) Becomes Third Most-Purchased Crypto by Top-100 Ethereum Wallets

ApeCoin (APE) Becomes Third Most-Purchased Crypto by Top-100 Ethereum Wallets

ApeCoin has surpassed Tether (USDT) and Loopring (LRC) as the third most purchased cryptocurrency after Ethereum (ETH) and USDC by the top-100 Ethereum wallet addresses.  APE is the native asset of the ApeCoin ecosystem. APE reached an all-time high of $39.40 on March

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Terra (LUNA) Collapses 60% as UST “Stablecoin” Drops Below $0.7

Terra (LUNA) Collapses 60% as UST “Stablecoin” Drops Below $0.7

Terra’s LUNA has dropped more than 60% in 24 hours Terra’s LUNA plunged to $23.50 on the Binance exchange earlier today before regaining ground. At press time, the embattled cryptocurrency is trading at $28. Flagship

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