Crypto critics who believe that the industry is nothing more than a series of intricate ponzi schemes are puffing their chests today. TerraUSD (UST), a digital token with a $16 billion market ... ( read original story ...)
Republic’s venture arm reportedly raising $700 million for crypto-focused funds
Private investment platform Republic’s ~$1 billion venture arm is reportedly in talks to raise $700 million for two new crypto-focused funds, according to Axios. The funds include a $200 million ... ( read original story ...)
Crypto exchange Coinbase revenue drops 35% as retail interest slows
Coinbase Global Inc reported a 35% drop in revenue for the first quarter on Tuesday as extreme market volatility drove investors to scale back their exposure to risky assets, crimping trading volumes. ( read original story ...)
Today’s Top 3 Crypto Gainers: Flow Surges on $725 Million Ecosystem Fund
Flow, Maker, and Polygon are all up today. The company behind Flow announced a fund to incentivize development. Find out what's driving today's other top gainers. ( read original story ...)
Japanese government debt hits record ¥1 quadrillion as leaders struggle to correct course on spending
The build up of debt is a symptom of the increased pressure on the Japanese social security system and expensive COVID-19 spending during the height of the pandemic, as well as aggressive banking ... ( read original story ...)
Japan FY2021 long-term debt hits new high above ¥1,000 tril
The balance of long-term Japanese government debt surpassed 1,000 trillion yen ($7.7 trillion) for the first time in fiscal 2021 ended in March to reach its highest-ever level, the Finance Ministry ... ( read original story ...)
Japan’s long-term debt hits fresh high above 7.7 trillion USD in fiscal 2021
The balance of long-term Japanese government debt exceeded 1,000 trillion yen (7.7 trillion U.S. dollars) for the first time in the fiscal year of 2021 to reach its highest-ever level, the Finance ... ( read original story ...)
Bitcoin: Where’s the Bottom for the Key Crypto?
The crypto market has lost almost $1.5 trillion since November. How long will the correction continue? ( read original story ...)
Crypto assets shed $800 billion in market value in a month
May 10 (Reuters) - Crypto assets bled nearly $800 billion in market value over the past month, touching a low of $1.4 trillion on Tuesday, according to data site CoinMarketCap, as the end of easy ... ( read original story ...)
More than $700M worth of crypto liquidated during the past 24 hours
The Bitcoin plunge does not show any signs of cooling down. On May 9, Bitcoin created a 6th consecutive red weekly candle. ( read original story ...)
Crypto can be a driver for racial equity
While it’s clear they are driving mainstream adoption, there is a lot of speculation about why Black and Latino people are so interested and involved in the crypto industry, which includes bitcoin, ... ( read original story ...)
Mark Cuban likens crypto adoption to the internet and dot-com bubbles
Mark Cuban, a billionaire investor and the owner of Dallas Mavericks, has said the next trigger for overwhelming crypto. ( read original story ...)
New Innovations—Including A Crypto Card—Energizing The ‘Dying’ Credit Card Market
There’s a segment of the population who wish credit cards would go away, and they jump on any negative change in the credit card market as evidence of the decline and impending death of credit cards. ( read original story ...)
A $3.5 billion bet on bitcoin becoming a ‘reserve currency’ for crypto is being put to the test
South Korean entrepreneur Do Kwon is betting billions on the idea of bitcoin becoming the "reserve currency" of the crypto economy. ( read original story ...)
Crypto exchange KuCoin raises funds at $10 billion valuation
The four-year-old Seychelles-based crypto exchange is valued at $10 billion in the new round, up from $100 million in its $20 million Series A in November 2018. ( read original story ...)
BOJ’s bond buying draws scrutiny after ex-PM calls c.bank a govt ‘subsidiary’
TOKYO, May 10 (Reuters) - Japanese policymakers were forced to reassure markets on Tuesday the government was not forcing the Bank of Japan to bank-roll public debt, after former premier Shinzo Abe ... ( read original story ...)