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The Latest Breaking News from Cryptocurrency

Baidu's Chip Affiliate Explores Second Funding Round, Wants To Capitalize On Growing Appetite From Venture Capitalists

Baidu, Inc (NASDAQ:BIDU) chip affiliate Kunlun discussed raising 2 billion yuan ($317 million) in its second funding round, Bloomberg reports. Kunlun has deployed its AI chips to power Baidu's core searching services, and the new financing will help it further expand its client base beyond its parent in a market dominated by Nvidia Corp (NASDAQ:NVDA). Demand…

Benzinga

Why Are Ethereum (ETH) Users 'Willing To Pay' Over $15M In Fees?

A report from venture capital firm a16z’s cryptocurrency research team delves into why Ethereum (CRYPTO: ETH) remains the most popular smart contract network despite its expensive gas fees.

Benzinga

Coinbase Plans To Slow Hiring Amid Crypto Market Downturn

Major crypto exchange Coinbase Global Inc (NASDAQ: COIN) plans to slow hiring in the wake of rapidly declining cryptocurrency prices. What Happened: In an announcement on Tuesday, Coinbase said it would be reprioritizing its hiring needs after the current market downturn.

Benzinga

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Bitcoin, Ethereum, Dogecoin Gains Trail Stocks — Fed Chair Warns Of Pain Yet To Come In Fight Against Inflation

Bitcoin and other major digital coins were in the green at press time, as the global cryptocurrency market cap increased 2.7% to $1.3 trillion.

Benzinga

Cryptocurrencies Trends to Watch This Year, Including Policy Decisions and Innovations

2021 was a year of significant volatility for cryptocurrencies due to multiple factors, including regulatory changes in China and Elon Musk’s realization of the negative environmental impact caused by cryptocurrency mining. Last year, the value of Bitcoin reached all-time highs before plummeting in May. Late last year, Ethereum also reached…

Benzinga

UST collapse hits digital asset market

The global cryptocurrency market saw its value plummet amid heavy sell-offs, with the collapse of TerraUSD (UST), one of the biggest stablecoins, sending shockwaves throughout the digital asset market.

Bangkok Post

Terra's stablecoin flop raises questions about regulatory role - Roll Call

The plunge in the algorithmic stablecoin TerraUSD is sparking debate among lawmakers over what, or how much, the government should do.

Roll Call

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Terra (LUNA) Blow-Up One Of The 'Largest Fiascos' In Crypto Market History, Ark Says

TerraUSD (CRYPTO: UST) losing its peg to the dollar and the subsequent blow-up seen in Terra (CRYPTO: LUNA) was termed one of the “largest fiascos” in cryptocurrency market history by Frank Downing, an analyst w

Benzinga

Could NFTs Go The Terra (LUNA) Way? Analysts Flag Concerns

Analysts at Morgan Stanley have said that non fungible tokens (NFTs) could be the next area of concern in the cryptocurrency space following the collapse of Terra’s (CRYPTO: LUNA) stablecoin TerraUSD (CRYPTO:

Benzinga

Bitcoin Back Below $30K Level, Ethereum, Dogecoin In Red: Why Analyst Thinks Apex Coin Is In A 'Fight For Its Life'

Bitcoin traded below the $30,000 mark, while Ethereum and Dogecoin were also weaker over the last 24 hours at press time on Monday evening, as the global cryptocurrency market cap declined 4.4% to $1.3 trillion.

Benzinga

'Not All Bad Things Are The Same Bad Thing': Why Is FTX CEO Sam Bankman-Fried Comparing Luna To Netflix?

The CEO of one of the largest cryptocurrency platforms shared his take on the collapse of Terra (CRYPTO: LUNA) and the stablecoin TerraUSD (CRYPTO:

Benzinga

Here's How Much $100 Invested In Ethereum Today Will Be Worth If It Hits All-Time High Again

The cryptocurrency market is still down this week and many of the most significant coins haven’t been able to escape the carnage of a potential crypto winter.

Benzinga

Anonymous Crypto Wallet Moves $348M Worth Of Bitcoin

What happened: $348,155,467 worth of Bitcoin (CRYPTO: BTC) was just moved between 2 anonymous cryptocurrency wallets in a single transaction. This mysterious person's bitcoin wallet address has been identified as: bc1qu8urg8cw9yh5phw8qfcpkhulxne6pcrhhl5hd0vjurewr0qaswgqvu79aa

Benzinga

Bitcoin's Fundamentals Show High Uncertainty As Number Of Addresses Sending To Exchanges Reaches 1-Year High

The on-chain fundamentals of the world's top cryptocurrency Bitcoin (CRYPTO: BTC) are showing a rather grim picture as the sentiment-tracking Fear & Greed Index reports "extreme fear" in

Benzinga

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Benzinga

Dogecoin Daily: Price Remains Muted, Vitalik Buterin Sends $1M To Foundation, Elon Musk Holdings Poll And More

Dogecoin (CRYPTO: DOGE) traded 0.7% lower at $0.09 over 24 hours leading up to early Monday morning. DOGE traded lower as major coins slipped into the red at press time with the global cryptocurrency market cap declining 0.8% to $1.3 trillion at press time.

Zenger

New Look: Missing Crypto Queen May Have Surgically Changed Appearance To Avoid Capture

A ‘crypto queen’ who scammed investors and disappeared with their millions half a decade ago may have had plastic surgery to avoid capture, say cops in Germany.

Bangkok Post

Bitcoin has no future as a payments network - FTX

Cryptocurrency exchange FTX's founder has said that bitcoin has no future as a payments network and criticised the digital currency for its inefficiency and high environmental costs.

inkl Originals

The Weekly Wrap for Saturday, 14 May 2022

It's been a bad week (month, year) to be a Web3 booster. Coinbase conceded that it may not be able to protect all the deposits it holds if it goes under. NFT's are evaporating and not even a CGI model of Madonna's vagina can save them. But in this edition…

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Tribune News Service

Crypto’s $270 billion meltdown gives way to an uneasy calm

Even by the white-knuckle standards of the cryptocurrency universe, it was a standout week.

Benzinga

If You Invested $1,000 In Terra (LUNA) On Jan. 1, 2022, Here's How Much You'd Have Now

One of the biggest stories in the world of cryptocurrency this week has been the fall of a stablecoin and a coin associated with it. Here’s a look at how an investment in the cryptocurrency has fared in 2022.

Benzinga

Mark Cuban Never Held Terra Or TerraUSD After Checking 'To See If It's A Sustainable Product'

Famous investor and cryptocurrency proponent Mark Cuban said he never held any Terra (CRYPTO: LUNA) or TerraUSD (CRYPTO: UST) and also refused to Anchor Protocol (CRYPTO

The Independent UK

Bitcoin tumbles, a stablecoin plunges in wild week in crypto

It’s been a wild week in crypto, even by crypto standards

Benzinga

Why Galaxy Digital Shares Are Soaring Today

Galaxy Digital Holdings Ltd.(TSX:GLXY) (OTC:BRPHF) provided a preliminary quarter-to-date company update. Galaxy Digital has a liquidity position of ~C$1.6 billion, including C$800 million in cash and over C$800 million in net digital assets, with the majority of net digital assets in non-algorithmic stablecoins. Galaxy Digital said it maintains a healthy capital and liquidity…

Benzinga

Here's How Much $100 Invested In Bitcoin Today Will Be Worth If It Hits All-Time High Again

The cryptocurrency market is crashing this week and many of the largest coins haven’t been able to escape the carnage of a potential crypto winter.

The Conversation

Cryptocurrencies: why they've crashed and what it could mean for their future

If you had invested £100 (US$122) in the cryptocurrency Luna a month ago, you might have been quietly confident you’d made a sensible bet. But Luna’s value has since fallen drastically – at the time of writing, that £100 is worth around 4p (5¢).

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