Report: Crypto sees record investment despite bearish market

CoinShares’ latest report has revealed that investment into crypto products scored a record inflow of $274 million last week as crypto investors looked to take advantage of the market-wide crash that resulted in the market cap of the industry dropping below the $1.5 trillion mark. Investors flock Bitcoin According to the report, the primary beneficiary…

Another algorithmic stablecoin, DEI, loses peg

Another algorithmic stablecoin from Deus Finance, DEI, fell to as low as 54 cents on Monday, continuing what has been a tumultuous week for stablecoins. The stableocoin first lost its peg against the dollar on Sunday but fell further in the last 24 hours. Though it is gradually recovering, it’s still trading below a dollar….

Customers sue Coinbase for promoting and trading the GYEN token

Coinbase customers have sued the exchange over the promotion and trading of GYEN, a stablecoin that crashed. A report unveiled this news earlier today, noting that the lawsuit targets both Coinbase and the issuer of the GYEN stablecoin, which turned out to be anything but stable. According to the report, Coinbase’s customers filed a class-action…

Brokerage giant Nomura starts offering Asian clients BTC derivatives

Japanese financial services company Nomura Holdings has rolled out Bitcoin (BTC) derivatives for Asian institutional clients. A report unveiled this news earlier today, noting that the leading brokerage firm decided to introduce this offering following high institutional demand. This development marks the latest move by a traditional financial institution into crypto. According to the report,…

LUNA, UST re-listed on Binance – ‘there is progress’

Binance said it will relist LUNA/BUSD and UST/BUSD have been re-listed after being taken down early May 13. Following a historic week in crypto where UST de-pegged to 11 cents and LUNA lost 99.999% of its value, the world’s largest exchange has reactivated trading in the BUSD pairs. Binance will resume spot trading for the…

Sorare partners with Major League Baseball to launch fantasy NFT Game

Sorare, the sports NFT giant, welcomes Major League Baseball and MLB Players as its newest partner.  BREAKING: Sorare becomes the Official NFT Baseball Game Partner of @MLB and @MLBPlayersInc. pic.twitter.com/eKsHgvhlK1 — Sorare (@Sorare) May 12, 2022 The announcement will expand Sorare’s reach in the US market, allowing users to buy, trade, and play with official…

Bitcoin whales continue dumping crypto as market conditions worsen

The number of Bitcoin (BTC) whales has been on a steady decline and is back to the levels earlier in 2022, according to blockchain intelligence firm Glassnode. Glassnode also found that the volume of exchange inflows had risen sharply. Specifically, BTC addresses have traded in more than 1,700 coins — the highest level of inflows…

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Review: Looking At The Latest PrimeXBT Features And Trading Pairs

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Diversifying a cryptocurrency portfolio shouldn’t be so complicated

The cryptocurrency market is a fast-moving, diverse world. There’s an entire plethora of platforms and protocols to interact with, with well over 10,000 projects already launched and new coins seem to be emerging all the time. It’s a lot to take in, and most new investors simply don’t have the time or expertise needed to…