Crypto News
Here’s how the Stablecoin meltcoin wiped off $7 billion within a week
Tether has been seeing massive liquidation since it momentarily lost its dollar peg last week. The crypto meltdown triggered by the de-pegging of Terra’s UST, another stablecoin, appears to have had a substantial impact on market mood.
coinpedia.org
Sell Signals Flash Red For Shiba Inu (SHIB), Here’s Why
A new report suggests that no. 2 memecoin Shiba Inu (SHIB) is headed for sharp losses this year, with a majority of market participants indicating “sell”.
coingape.com
Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme
Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million.
bitcoin.com
South Korean legislature considering new licensing system for crypto
A report commissioned by South Korea’s federal government recommends the domestic crypto industry adopt a licensing system for exchanges and token issuers as a way of protecting investors.
cointelegraph.com
Will Failure of MiamiCoin Hurt ‘Most Bitcoin-Friendly Mayor on the Planet’?
MiamiCoin ($MIA), a project that offers cities a source of revenue through the minting of new cryptocurrency tokens, has seen the value of its token plunge by 95% since its launch. The token, supported by Miami Mayor Francis Suarez, who calls himself the “most bitcoin-friendly mayor on the planet,” may however see adoption rise in the future.
cryptoglobe.com
Cloudflare to run Ethereum node experiment to help 'build a better internet'
Ahead of Ethereum’s highly anticipated switch to proof-of-stake (PoS), cyber security firm Cloudflare is set to launch and fully stake Ethereum validator nodes over the next few months.
cointelegraph.com
G7 Countries to Discuss Crypto Assets This Week After Recent Terra Ecosystem Collapse
The recent collapse of the Terra ecosystem has drawn the attention of regulators worldwide! Finance ministers of the G7 nations are meeting ahead this week and shall be discussing crypto assets on a priority basis.
coingape.com
The ‘underground’ story behind China’s ban on crypto-mining
Last year, China imposed an absolute ban on attributes related to the largest cryptocurrency, Bitcoin. In June 2021, China told banks to stop facilitating transactions and issued bans on mining. China’s share of global Bitcoin mining has fallen to effectively zero as per research presented by the Cambridge Bitcoin Electricity Consumption Index (CBECI).
ambcrypto.com