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markets bleeding

Extra Markets bleeding: Bitcoin plunged as investors cut their exposure to cryptocurrencies

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Bitcoin fell 8.6 percent on Thursday to under $36,000. The cryptocurrency is down more than 30 percent over the past two weeks and has fallen roughly from its recent highs. [ccpw id=”11234″] For comparison, Facebook’s market cap was $753 billion on Thursday afternoon, while Apple Inc.’s was $702 billion—both significantly higher than Bitcoin’s current worth. The widespread unwinding of risk assets has hit the...

Bitcoin, Cryptocurrencies, Front page, News

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OlympusDAO

OlympusDAO continues its long-term plan to revive with inverse bonds

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In the midst of a bear market, OlympusDAO is continuing its long-term plan to revive its project. The company’s native OHM token has been on a steady decline since March 2022, when it reached a high of $1,300 per token. The price has since fallen by 98%, trading near $20; meanwhile, OlympusDAO’s staking rewards have shrunk from 6% in the first months after its launch to 2% now. [ccpw id=”12438″] The...

Cryptocurrencies, DeFi, Front page, News

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elon musk buys twitter

Elon Musk Reaches Deal To Buy Twitter For US$44 Billion

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Twitter’s board of directors agreed Monday to accept a US$44 billion buyout offer made by billionaire Elon Musk. After the news broke, Musk, who made the surprise offer less than two weeks ago, said he is the right person to “unlock” the social networking company’s “extraordinary potential.” In a meeting late Monday, Twitter’s board voted unanimously to accept Musk’s offer of US$26 billion in...

Cryptocurrencies, Front page, News

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Monero

“The Mone-run” – Monero Price Soars 20% After a Hard Fork is Announced

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Monero, the privacy-focused cryptocurrency project, announced plans this week to perform a hard fork to implement some improvements to the network. $XRM, Monero’s native coin, has skyrocketed in price since the announcement. Monero developers confirmed Tuesday in a GitHub post that the protocol will undergo an upgrade to implement fee changes and network security improvements. The upgrade will be implemented via a hard fork and is...

Cryptocurrencies, Exchanges, Front page, News

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Tron’s answer to Tether

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USDD is a new algorithmic stablecoin issued on the Tron blockchain. In a recent turn of events, USDD stablecoin has been launched on the Tron blockchain. The stablecoin is designed to fight against inflation as a store of value. USDD is said to be “Tron’s answer to Tether”. It is pegged 1:1 to the US Dollar and can be used for transactions on Tron and DApps. It was built using Tron Virtual Machine and runs on Tron...

Cryptocurrencies, Front page, News, Stablecoins

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