Sign In

Day: May 10, 2022

In yield farming, what is an impermanent loss?

DeFi: Understanding impermanent loss 3650% APY, even 100,000%. These numbers are cool, till it’s not. Yield farming projects throw about the insane figures for APY and everyone wants to provide liquidity to farm more tokens, till it isn’t cool when you see your tokens diminishing in value or you make losses. Rewind ⏪︎⏪︎ What does it mean …

In yield farming, what is an impermanent loss? Read More »

Before Buying Bitcoin from an ATM, Here’s What You Should Know

Guides on buying bitcoin (BTC) often start with the advice that you first need to create a cryptocurrency exchange account and download or purchase a crypto wallet to store it in. But there’s another convenient way of purchasing bitcoin that doesn’t involve using a computer, let alone a cryptocurrency exchange. Using a bitcoin automated teller machine (ATM), people have the opportunity …

Before Buying Bitcoin from an ATM, Here’s What You Should Know Read More »

Terra Taps Into BTC Reserves To Combat Peg Loss

The Luna Foundation Guard has announced that they will proactively work on restoring the TerraUSD (UST) peg.   TerraUSD dips below 0.70 USD The leading algorithmic stablecoin began to lose its peg yesterday afternoon. This de-pegging event was predated by a wave of FUD, which started spreading after a whale dumped 285 million UST on …

Terra Taps Into BTC Reserves To Combat Peg Loss Read More »

Binance temporarily suspends LUNA, UST withdrawals citing network congestion

The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1 price point as LUNA’s price witnessed a sharp decline owing to a significant selloff. As the crypto community still tries to decipher Terra’s ongoing pegging-de-pegging fiasco in relation to its stablecoin offering TerraUSD (UST), major crypto exchange Binance temporarily suspended the …

Binance temporarily suspends LUNA, UST withdrawals citing network congestion Read More »

Qualcomm CEO States Metaverse Will Be a ‘Very Big’ Opportunity

Qualcomm, one of the largest fabless mobile chip makers, is very optimistic about the future of the metaverse and what it might bring for companies and consumers in the area. Qualcomm CEO Cristiano Amon believes that, while there is much to do in the development space, this development is real and will bring a very …

Qualcomm CEO States Metaverse Will Be a ‘Very Big’ Opportunity Read More »

Galaxy Digital Loses $111.7m in Q1 as Crypto Markets Plunge

A diversified financial services firm dedicated to the digital asset, Galaxy Digital (GLXY), announced its financial results for the first quarter ended March, with a significant financial loss. The company recorded a net loss of $111.7 million due to unrealised losses in digital assets and investments in its trading and investing businesses. In the same period, in …

Galaxy Digital Loses $111.7m in Q1 as Crypto Markets Plunge Read More »

Azuki NFT Founder Admits to Abandoning Past Projects

The project’s floor price has dropped dramatically following the news. The pseudonymous founder of the popular Azuki non-fungible token (NFT) project revealed his fraught history with abandoned projects Monday night, sending NFT Twitter into a frenzy and the collection’s floor price dropping. The founder, known as the Twitter user Zagabond, chronicled his NFT history in a blog …

Azuki NFT Founder Admits to Abandoning Past Projects Read More »

Sony announces $1.5 billion share buyback; sees 56% rise in PlayStation 5 sales

KEY POINTS Sony plans to buy back 200 billion Japanese yen ($1.54 billion) of shares as the company announced operating profit more than doubled thanks in large part to its PlayStation gaming division. Sony’s Chief Financial Officer Hiroki Totoki said the company is forecasting sales of 18 million units of the PlayStation 5 in the …

Sony announces $1.5 billion share buyback; sees 56% rise in PlayStation 5 sales Read More »