Crypto Crash: Chain.com loses 96% of its value in 24 hours
Deepak.eth, CEO of Crypto.com, believes a single large margin call appears to have exacerbated the flash crash experienced by Chain.com. On Tuesday, the value of tokens issued by Chain.com (XCN), a cloud blockchain infrastructure provider , unexpectedly dropped by more than 90 percent. However, they were able to recoup the majority of their losses later […]
Scientists claim to have developed completely decentralized stablecoins tied to electricity
Stablecoins may be used for transactions or burned for electricity for a charge which would be governed by smart contracts. Electricity transmissio n might be made almost free with the E-Stablecoin, but it would necessitate a number of scientific developments now underway. The Electricity Stablecoin (E-Stablecoin) was designed by researchers at the government-sponsored Lawrence Livermore National Laboratory in California, who used statistical mechanics and information theory […]
Institutional investors dump $101.5M worth of crypto in anticipation of hawkish monetary policy
The current state of the crypto market has sparked many questions and assumptions with CoinShares reporting that almost $100M has left US crypto funds in anticipation of hawkish monetary policy. Coinshares claims that Bitcoin has been pushed into “crypto winter” over the last six months, asserting that this is due to the US Federal Reserve’s increasingly hawkish rhetoric. Inflation rates in the United States reached 8.6% year on year at the end of May, a level not seen since 1981. As a result, the market expects the Fed to take significant action to bring inflation under control, with some traders predicting three more 0.5 percent rate hikes by October. According […]
Crypto market sees new expansion with latest moves by FTX and Crypto.com
Crypto.com has secured a temporary license in Dubai, and FTX has launched in Japan, in an effort to increase its market share value. With Crypto.com gaining a temporary crypto license in Dubai and FTX starting in Japan, two of the top ten largest cryptocurrency exchanges by volume will expand into new regions. The Dubai Virtual […]
List of Fashion Brands in the Metaverse
The metaverse frenzy has impacted many spheres of the modern world and fashion brands are not left out. Although the Metaverse has been in existence, it gained popularity after Facebook’s CEO Mark Zuckerberg renamed his company Meta, there has been an increased interest and curiosity about the digital realm of non-fungible tokens or NFTs . […]