Key Takeaways Do Kwon and other members of Terraform Labs face a class action lawsuit from over 350 investors. The lawsuit alleges that TerraUSD’s price stability and Anchor Protocol returns were misrepresented. Do Kwon also faces criminal charges in South Korea; his current whereabouts are still unknown. Do Kwon and others involved in the TerraUSD […]
Key Takeaways Tokenomics is a field that analyzes typical elements found in economics, such as supply, demand, and utility, and applies it to cryptocurrencies. Investors can easily overestimate supply and demand and underestimate how narratives and memes may also impact a token’s price. Phemex, one of the leading cryptocurrency exchanges in the industry, does extensive […]
On Oct. 28, NFT Steez, a biweekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, met with Web3 content writer Julie Plavnik to discuss the importance of self-sovereignty while building a digital identity in Web3. Plavnik referenced author Gavin Wood when describing Web3 and said that “communication” is a core tenant in the subsequent […]
Bitcoin (BTC) climbed back to $20,500 at the Oct. 28 Wall Street open as United States equities sought a stronger finish to the week. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bets that $20,000 will fail as support increase Data from Cointelegraph Markets Pro and TradingView showed BTC/USD capitalizing on renewed optimism as markets began […]
Binance is setting up a unit dedicated to helping Twitter with its crypto projects, including fighting bots. Key Takeaways Elon Musk now owns Twitter. Binance is reportedly creating a team that would be tasked to support Musk’s efforts to integrate crypto into the platform. Binance previously committed $500 million to Musk’s bid. Binance is reportedly […]
Bitcoin (BTC) has been consolidating inside the $18,000–$20,000 price range since mid-June, pausing a strong bear market that began after the price peaked at $69,000 in November 2021. Many analysts have looked at Bitcoin’s sideways trend as a sign of a potential market bottom, drawing comparisons from the cryptocurrency’s previous bear markets that show similar […]
Bitcoin (BTC) is decoupling from big tech as disappointing earnings fail to spark any major BTC price losses. Economic data for Q3, 2022, saw heavy losses for some tech stocks, but BTC/USD avoided a chain reaction. Bitcoin hodlers shrug off Q3 tech results The largest cryptocurrency shed around $800 over Oct. 27, or 3.8%, after […]
Key Takeaways Elon Musk has closed his $44 billion Twitter buyout deal. The Tesla and SpaceX CEO reportedly fired several of the social media giant’s senior executives as the deal closed. Musk has shown interest in integrating crypto on Twitter, raising questions about the future of the technology in the context of one of the […]
Key Takeaways Twitter has introduced a feature called Tweet Tiles, which will expand links to NFTs posted in messages. The feature is compatible with four marketplaces: Rarible, Magic Eden, Dapper Labs, and Jump.trade. Tweet Tiles were originally used to expand certain news articles beginning in August. Twitter has announced that it will use Tweet Tiles […]
Key Takeaways Elon Musk is finalizing his Twitter takeover. Though Musk’s relationship with crypto has had its ups and downs, he is mostly seen as an ally of the space. Musk has suggested integrating crypto payments and fighting bots to improve users’ Twitter experience. Elon Musk’s acquisition of social media giant Twitter is a positive […]
