Bitcoin
Compound’s Enterprise Arm Receives S&P Credit Rating in DeFi First
The iffy B- grade applies to Compound Treasury, a platform promising 4% yield for USDC-denominated business accounts. Source link
Month: May 2022
Market Analysis
Digital Yuan Rolled out on Transport Networks in Major Cities
China’s central bank digital currency (CBDC), or digital yuan, is seeing its adoption grow by the day, most recently in the transportation sector of Xiamen and Guangzhou. According to local news outlets, the development is […]
Regulation
Ice Cube's Basketball League Is Taking on New 'Owners' With NFTs
VaynerMedia CEO Gary Vaynerchuk and rapper, actor & BIG3 co-founder Ice Cube joined CoinDesk’s “First Mover” to discuss decentralized sports team ownership via NFTs. Source link
Ethereum
First Mover Americas: Institutions Look To Be Selling BTC in Falling Market
The latest moves in crypto markets in context for May 9,2022. Source link
Market Analysis
Fantom Looks Oversold While Buy Signals Appear
Key Takeaways Fantom has retraced by more than 27% since May 5. FTM has now reached a vital support level. A spike in buying pressure could push the asset to $0.80 or even $1. Share […]
Regulation
Mark Zuckerberg Says Instagram Will Test NFTs Starting This Week
Meta is also working on 3D augmented reality NFTs that will be compatible with Instagram stories. Source link
Market Analysis
Lido DAO (LDO) token is soaring on the Binance listing
Lido DAO (LDO) token, Ethereum-based decentralized finance (DeFi) platform, has rallied over 25% after Binance announced that it will be listing the token today. #Binance will list @LidoFinance $LDO! — Binance (@binance) May 9, 2022 […]
Regulation
Galaxy Digital Records Q1 Loss of $111.7M Amid Fall in Crypto Prices
Cryptocurrency-focused financial services firm Galaxy Digital has recorded a net comprehensive loss of $111.7 million for the quarter-ended March 31 2022. Source link
Ethereum
Bitcoin Tumbles to Lowest Since July 2021 as Market Panic Grows
Crypto majors dropped in European morning hours on Monday amid a slump in broader global markets. Source link
Bitcoin
Coinbase Faces Q1 Earnings Challenge as Crypto Markets Weaken
Cryptocurrency exchange Coinbase Global Inc. (COIN) will continue to face headwinds as the company is set to report first quarter earnings on Tuesday after the market close. Source link