El Salvador bought 500 BTC on Monday, according to its president, Nayib Bukele.
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Coinbase’s stock price fell to fresh lows Monday amid broader declines in US equities. At press time, $COIN is trading at $82.31, having hit a low of $81.84. This represents a decline of more than 20% since the start of the session. The development comes a day before Coinbase reports its first-quarter earnings for 2022. […]
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The price of algorithmic stablecoin UST fell to a new low on Monday amid continued volatility in the broader cryptocurrency market.
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‘Dr Doom’ Nouriel Roubini tells Bloomberg he’s working on a suite of investment products including a tokenized alternative to the US dollar.
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In this episode of The Scoop, CEO of Circle Jeremy Allaire talks about the role of stablecoins within the broader crypto ecosystem, and explains why stablecoin lending offers attractive yield opportunities.
The post Circle CEO Jeremy Allaire breaks down mystery of stablecoin yield appeared first on The Block.
The algorithmic stablecoin UST has fallen 2% below its peg to the US dollar, according to data from crypto exchange Binance.
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Otherdeed #59906 sold for a record 625 ETH ($1.5 million) on the NFT marketplace X2Y2 on Sunday.
The post Yuga Labs’ Otherdeed virtual land NFT sells for record $1.5 million appeared first on The Block.
Quick Take
- Founded in 2013, Bitmain is a market-leading cryptocurrency mining hardware manufacturer (ASIC miners) known for its Antminer series
- In early 2021, Bitmain resolved a year-long power dispute between the two co-founders – the settlement included Jihan’s resignation, key spin off announcements and investor share compensation related to company adjustments
- Starting to focus more on water-cooling technology, Bitmain released a series of hydro-cooling products in 2022: Antminer S19 Pro+ Hyd., Antminer S19 XP Hyd., and Antspace HK3, an Antminer hydro-container
Bitcoin down 50% from All Time Highs as crypto market compress.
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Galaxy Digital swung to a first-quarter loss as tumbling crypto prices forced the firm to book unrealized trading losses.
The post Galaxy Digital reports $112 million quarterly loss as crypto prices drop appeared first on The Block.
