Circle Raises $400M, Eyes Capital Market Applications For USDC
ADA Price Fell Below $1.0; Is Bounce Back On The Cards?
admin2022-04-12T15:52:13+00:00ADA price remains pressured below the $1.0 psychological level, however, manages to print gains in today’s session. The price attempted to consolidate around $0.90 giving bulls hope to revive. But, Cardano’s price breaks below the 50-day EMA at $1.03 indicating the bearish sentiment in the asset. ADA price trades with a positive bias on Tuesday. More upside if the price is able to close above the 1.0 critical level toward $1.20. However, if the ADA price fails to sustain the momentum $0.80...
$ADA: DEX WingRiders Launches, Bringing USDC and USDT Stablecoins to Cardano Mainnet
admin2022-04-12T15:00:21+00:00On Tuesday (April 12), WingRiders, the Cardano-powered dentralized exchange (DEX) that Charles Hoskinson, Co-Founder and CEO of IO Global (IOG) had been “really looking forward to” in the past few months, has launched on the Cardano mainnet. WingRiders is being developed by Slovakian FinTech startup Vacuumlabs, which is “a software development company...
Opinion: As the Fed Tightens, VCs Are Spending Big on Crypto
admin2022-04-12T11:31:20+00:00
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The Fed’s Quantitative tightening will make it difficult for risk-on assets like cryptocurrencies to shine. But at the same time, money from venture capital firms keeps pouring into the space.The Fed Starts Quantitative Tightening
Despite a strong start to April, the bullish momentum in the crypto market has definitely cooled off. Last week’s FOMC minutes put a damper on Bitcoin’s recent rally even after Mayor Francis Suarez unveiled a snazzy new cyber “charging bull” at the Bitcoin 2022...
ETH Whales Buy Over 393 Billion Shiba Inu (SHIB) Amid Price Dip
admin2022-04-12T11:05:57+00:00The biggest Ethereum (ETH) wallets appear to be grabbing a buy the dip opportunity. This time, the whales have gone for popular meme cryptocurrencies Shiba Inu (SHIB). ETH whales have accumulated over 393 Billion SHIB tokens in the past 24 hours. While this move has not been reflected in SHIB’s price, its 24 hour trading volume has surged by over 20%. SHIB is currently down 14% over the past seven days at $0.00002283, tracking broader losses in the crypto market as...
Crypto Under Pressure As White House Warns of ‘Extraordinarily Elevated’ March CPI
admin2022-04-12T07:56:46+00:00On Tuesday (April 12), Bitcoin and other cryptoassets — as well as U.S. stock futures — are under pressure as investors wait for the U.S. Bureau of Statistics to release March 2022 Consumer Price Index (CPI) data. According to the Bureau of Labor Statistics, the CPI is “a measure of...
Philippine Digital Payments Unicorn To Expand Crypto Services
admin2022-04-12T06:13:41+00:00Voyager Innovations, owner of Philippine’s largest digital payments app, said it reached unicorn status on Tuesday after a $210 million funding round. The firm said it will apply the new capital towards expanding its crypto services. Voyager, which operates popular payments app PayMaya, said the latest funding round was led by SIG Venture Capital, and included established names such as First Pacific Co, KKR, Tencent, and PLDT Inc- Philippine’s largest telecom operator. The new capital boosted Voyager’s valuation to $1.4 billion,...
Brace for Crypto Market Volatility As the U.S. Is Set to Report Its Highest Inflation Numbers
admin2022-04-12T04:15:49+00:00After a strong show in March and early April, the crypto market has come under severe pressure! Investors are keen to move their funds to risk-averse assets as inflation numbers are soaring high and the Fed is all set to tighten market liquidity with interest rate hikes. Over the last two days, the crypto market has eroded a staggering $170 billion in investors’ wealth. As of press time, Bitcoin and the broader crypto market are 5% down losing major support...
Can Irish regulator’s new ad conduct code bring down cases of crypto rug-pulls
admin2022-04-12T01:30:26+00:00A review of its advertising guidelines is being proposed by the Irish Advertising agency, The Advertising Standards Authority of Ireland (ASAI) following the receipt of several complaints about the promotion and advertisements of “meme coin” Floki Inu.
The rise of the underdog?
Last year, the meme coin, which was inspired by billionaire Elon Musk’s Shiba Inu dog, went all out in a big marketing push to gain much-needed recognition. The coin was aggressively promoted on buses, billboards as well as rail...
Snoop Dogg’s NFT Collection Launches on Cardano ($ADA) Features Unreleased Music and More
admin2022-04-12T00:20:00+00:00The non-fungible token (NFT) collection of American rapper Snoop Dogg has launched on the Cardano ($ADA) network. The collection, announced earlier this month, features “iconic collectibles,” “limited edition ‘pitches’” and unreleased music. According to a tweet shared by Clay Nation – an NFT project the rapper is collaborating...