May 2022 / 130 posts found
Brazilian Crypto Exchange of Nox Bitcoin Set to Refund All UST Holders’ Losses with USDT
Cryptocurrency Summary: The Brazilian Crypto Exchange of Nox Bitcoin has announced that it will refund all UST Holders’ losses with USDT. Nox Bitcoin has set aside BRL 620,000 or approximately $127k for the refunds. Additionally, during the UST depegging, OKX was the only crypto-exchange to notify its users of the potential risks of the stablecoin collapse. OKX risk protection system kicked in on May 8th, releasing UST from staking so that it could be traded or sold. The Brazilian crypto exchange of Nox Bitcoin has announced that it will refund all its customers who suffered losses during the UST depegging. […]
A Bitcoin and Crypto Bear Market is Great for Building and Investing – Pantera Capital Exec.
Quick take: Paul Veradittakit, a Partner at Pantera Capital, believes that crypto markets have entered a bear market. Mr. Veradittakit believes that bear markets are great for companies to focus on building. Additionally, bear markets are a great time to invest because of favorable valuations. Rich Dad Poor Dad author, Rober Kiyosaki, has reiterated that Bitcoin could drop to $11k and even $9k Pantera Capital’s Paul Veradittakit has predicted that the crypto market selloff of the last few weeks might be the start of a bear market. Mr. Veradittakit is a Partner at Pantera Capital and he pointed out that […]
What Is BIP 119 And Why Did It Fuel Such Heated Discussions In Bitcoin?
Bitcoin It’s been hard to ignore the discussion around CheckTemplateVerify (CTV) over the past few weeks as it has apparently been generating a divide in the Bitcoin community with developers, users and companies taking sides on whether the activation of the proposed upgrade would be a net positive or negative to the network. Amid the discussion, however, many misconceptions surfaced on what CTV actually is and what it can and cannot do. Therefore, an easy-to-follow explanation is in order to clear up misconceptions before diving into the details of the recent debate. What Is CTV? Clearing Up Misconceptions CTV was […]
How Pizza Day Relates To Bitcoin Mining
Memes aside, what is the significance of Bitcoin Pizza Day? When Bitcoiners buy pizza on May 22 every year, what exactly are they celebrating? We all know the story, and we’ve all probably wondered, “Does Laszlo Hanyecz regret buying two pizzas for 10,000 bitcoin in 2010?” Hanyecz says no, he doesn’t regret it, but most normal people would argue that he’s post-rationalizing. “Of course he’d say that, it’s a coping mechanism. He can’t go back in time and change it. But of course he regrets it. Who wouldn’t?! He could’ve been a multimillionaire today!” In fact, considering Hanyecz did the […]
Kraken Daily Market Report for May 17 2022
Bitcoin Bitcoin Overview Daily spot trading volume: $774.9 million, 30 day average spot: $1.06 billion. Total futures notional: $211.1 million. The top five traded coins were, respectively, Tether (+0%), Bitcoin (+2.0%), Ethereum (+3.5%), USDC (0%), and Solana (+5.9%). Strong returns from Kyber Network (+38%), Songbird (+21%), and StorJ (+15%). May 17, 2022 $774.9M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD USDT $0.9989 ↑0.03% $268.6M BTC $30408. ↑2.0% $166.3M ETH $2088.6 ↑3.5% $134.6M USDC $0.9999 ↓0.01% $59.3M SOL $57.0 ↑5.9% $21.4M DOT $11.039 ↑4.0% $15.1M…