Latest Market News
Major cryptocurrency lending firm Celsius has paused cryptocurrency withdrawals, cryptocurrency swapping and internal transfers between accounts.
While the price action hasn’t been too encouraging in the cryptocurrency markets as of late, there’s still a lot of big news coming out from leading cryptocurrency and blockchain projects. Let’s take a look into the crypto top 100 and find the 3 projects that will be especially interesting to follow in the coming days.
We conducted an interview with Austin Kimm, Director of Strategy and Investments at Choise.com. We asked Austin about a broad range of topics, including the pros and cons pertaining to centralized and decentralized finance as well as the obstacles standing in the way of a higher degree of crypto adoption. Here is our interview with Austin Kimm.
Bitcoin fell sharply today after the US Fed revealed a surprisingly high May Consumer Pirce Index (CPI) figure. The cryptocurrency had traded above $30,000 for most of the week but quickly plummeted on the alarming CPI figures. The price drop has caused Bitcoin to return to the July 2021 lows at $29,350 - a level that has provided strong support so far in June 2022
As the cryptocurrency markets continue to fluctuate, let’s check out three cryptocurrency and blockchain projects that will be especially interesting to follow this week.
FTX, one of the leading cryptocurrency exchanges, has launched FTX Japan to service the highly regulated Far Eastern market. The move comes roughly four months after FTX acquired Quoine Corporation (later renamed to FTX Japan K.K.), the owners of the Japanese-based Liquid exchange.
The bearish conditions in the cryptocurrency market are creating an opportunity for projects in the crypto and blockchain sector to catch their breath and focus on building their products. There’s also interesting developments going on that are connected to the recent crash of UST and LUNA. Let’s check out three crypto and blockchain projects that will be worth following over the week.
KuCoin Earn is one of the best platforms to earn passive income in cryptocurrencies. Formally called POOL X, the platform was created by the KuCoin exchange to allow cryptocurrency users and investors to make the best of their holdings.
Automation is one of the big promises in the blockchain industry. By streamlining processes and removing the need for an intermediary or third party, blockchain technology provides users of all sorts the ability to automate traditional processes, saving them time and money in the long run and allowing users to develop their businesses.
The Terra team has announced on Twitter that the new Terra blockchain–also referred to as Terra 2.0–is expected to launch on Saturday, May 28. The new Terra chain will see most of decentralized applications (dApps) and blockchain capabilities be migrated from the original to the new chain. A notable exception are algorithmic stablecoins, including TerraUSD (USDT) and TerraKRW (KRT), which won’t make their way to the new network.
