Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

KyberSwap Responds to User’s Swap of 2 Million USD but Only Receiving 0.05 USD

submitted by /u/dopamine_dream_ [link] [comments]

Explain ETH as if I’m a child

When someone asks me to explain ETH I always get stuck on how to explain it in a few sentences so that it makes sense to someone who has no understanding of it. So how would you explain it to someone? submitted by /u/Persimmon-Salt [link] [comments]

Exactly 3 years ago, on March 12th 2020, bitcoin price crashed 50% in one day.

… In 2020, the COVID-19 pandemic had just begun to spread globally. This caused a widespread panic and uncertainty in financial markets which lead to sharp declines in global markets… bitcoin was no exception to this. In just one day, exactly 3 years ago.. bitcoin price took a horrendous nosedive.. dropping 50% (FIFTY PERCENT) in…
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It’s ironic how critics and mainstream media called crypto a house of cards. Now everyone is seeing that traditional finance/banking is not the stable perfect system they made it out to be, and why it does need change, since 2008 wasn’t enough proof

Firstly, it's obvious that none of this is good. A lot of people will lose a lot of money, and it is usually the little guy who does either directly or indirectly. But is certainly is ironic that everyone is once again(like 2008) caught with their pants down with traditional finance(TradFi) and the banking system.…
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South Korea launches ‘Metaverse Fund’ to expedite domestic initiatives

With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem.

Crypto Confessions: What’s the most embarrassing thing you’ve done or said in your Cryptocurrency Journey so far?

Obviously we've all had those moments where we've said or done something in crypto that we wish we could take back. Whether it's a bad trade, a cringe-worthy comment, or a poorly timed buy/sell, we've all been there. So what's the most cringe-worthy thing you've done or said in terms of cryptos? Was it a…
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South African Rand Plunges to New 2023 Low Versus the US Dollar

Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Africa’s power shortages as well as the country’s recent grey-listing by the Financial Action Task Force (FATF) are […]

Indian Student Committed Suicide After Becoming a Victim to a Bitcoin Scam (Report)

submitted by /u/Charon751 [link] [comments]

Can anyone explain the mechanics of what happened to DAI?

So I think I used to understand how DAI worked, ie you'd sell what was effectively a promise of $1 worth of ETH in the future and put up more than $1 of ETH as collateral, and if the price of ETH dropped too much you'd have to add some, and if you didn't do…
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Over 100 VCs, investors voice solidarity with Silicon Valley Bank

Approximately 125 VCs and investors signed a statement supporting Silicon Valley Bank as a way to limit the fallout of the bank’s collapse and subsequent extinction of tech companies.