Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Bitcoin, altcoins and stocks drop as inflation fears impact investor confidence
The cryptocurrency market corrected sharply on May 12 after the hype surrounding dog-themed tokens was deflated when Ethereum co-founder Vitalik Buterin dumped vast amounts of the previously hot Shiba Inu (SHIB), Dogelon Mars (ELON) and Akita Inu (AKITA) on the market and donated the proceeds to charity. Data from Cointelegraph Markets and TradingView shows that as meme tokens…
Commissioner Mark Uyeda calls SEC’s approach to crypto filings ‘problematic’
Tucked away in a footnote as part of a recent statement, the SEC Commissioner said his agency’s current approach to crypto does not aid capital formation or protect investors.
Top 5 Cryptos This Week (Jan 26): HEDG, DASH, BSV, ETC, XTZ
The coronavirus outbreak that started in China has gradually spread to a number of countries across the world. This is creating panic among investors as the death toll continues to rise.As a result, global equity markets and crude tumbled last week. Though cryptocurrencies also gave up some ground, they are currently attempting a relief rally…
Bakkt Closes New $300M Funding Round to Unlock $1 Trillion in Digital Assets
While cryptocurrency markets are experiencing another crash this Monday, major digital asset platform Bakkt has some good news.Referred to as one of the most promising crypto-related initiatives for its physically settled Bitcoin (BTC) futures, Bakkt has now raised an additional $300 million to continue developing digital asset-focused services, the firm’s new CEO Mike Blandina announced…
Whatever happened to the 10 biggest projects from the ICO era?
Projects that raised millions in the ICO era have struggled to gain traction.
DeFi traders blame YFI price collapse on shorting by Alameda Research
Yearn Finance (YFI) price has been in a serious rut during the past 2 weeks and many in the crypto community blame the sharp correction on Sam Bankman-Fried (SBF), the CEO of Alameda Research and FTX. In the past month, DeFi giant Yearn.finance’s native token YFI dropped 62.7% from $43,970 to $16,360.As Cointelegraph has reported, the…
Stablecoin projects need collaboration, not competition: Frax founder
Stablecoin projects need to take a more collaborative approach to grow each other’s liquidity and the ecosystem as a whole, says Sam Kazemian, the founder of Frax Finance.Speaking to Cointelegraph, Kazemian explained that as long as stablecoin “liquidity is growing proportionally with each other” through shared liquidity pools and collateral schemes, there won’t ever be…
Airdrop success propels Bitget wallet to second most popular in Japan
Web3 wallet usability remains a key hurdle for mass crypto adoption, according to Bitget Wallet's COO.