by Crypto University | May 9, 2022 | News, Weekly Recap
Polkadot founder announces a big investment of $774 million development fund for DeFi: Polkadot, which was founded by Wood, presently has 18,936,300 DOT in its treasury, which, according to the founder, can be utilized to fund anything that the network’s...
by Crypto University | May 9, 2022 | News, Weekly Recap
Cardano is becoming the attention of the moment from beginners to experienced investors regarding the low fees, the fast transactions, and technological developments as SundaeSwap. The establishment of a $500k fund, the next stage of Project Catalyst, as part of the...
by Crypto University | May 9, 2022 | News, Weekly Recap
NVIDIA was fined $5.5 million for its cryptocurrency mining regulations that were unsuitable. To settle claims that it failed to disclose the impact of cryptocurrency mining on its gaming business, Nvidia NVDA 0.90% will pay a $5.5 million fine to the Securities and...
by Crypto University | May 9, 2022 | News, Weekly Recap
TerraUSD Briefly Loses $1 Peg Terra’s native stablecoin, TerraUSD (UST), the third-largest stablecoin, briefly lost its peg, trading at $0.98 on Sunday. This occurred because of the selling-off of $300 million worth of UST tokens on Curve, a decentralized finance...
by Crypto University | May 6, 2022 | News, Weekly Recap
Binance Commits $500M to Elon Musk Acquiring Twitter Binance, the biggest cryptocurrency exchange worldwide, has committed $500 million to help Elon Musk to buy Twitter. Thus far, Musk has raised over $7.1 billion from third-party investors, including an $800 million...
by Crypto University | May 5, 2022 | News, Weekly Recap
Fed Rate Hike Causes Spike In Bitcoin Price The Federal Open Market Committee (FOMC) announced an interest rate hike of 0.5% on Wednesday. It is the highest single rate hike in over 22 years. The Bitcoin price spiked by 6% following the news. In its efforts to...
