Crypto Explainers

JP Morgan Says Meta Will Become Broadcom's Next Billion-Dollar Customer

JP Morgan Says Meta Will Become Broadcom's Next Billion-Dollar Customer

Reuters | Sunday June 05, 2022

Facebook parent Meta Platforms Inc will use Broadcom Inc's custom chips to build its metaverse hardware, becoming the chipmaker's next billion-dollar ASIC customer, analysts at J.P. Morgan said.

Tron Modifies USDD Stablecoin to Avoid Terra-Style Collapse

Tron Modifies USDD Stablecoin to Avoid Terra-Style Collapse

Joanna Ossinger, Bloomberg | Sunday June 05, 2022

Tron, which debuted the USDD algorithmic stablecoin last month, is looking to avoid the trouble its fellow token TerraUSD ran into by boosting transparency and adding collateral.

200 ETH Worth of NFTs Stolen, Tweets Yoga Labs 

200 ETH Worth of NFTs Stolen, Tweets Yoga Labs 

Sunday June 05, 2022

Yoga Labs, in another tweet, said, “As a reminder, we do not offer surprise mints or giveaways.”

Luna 2.0 Off To A Rocky Start, After Relaunch Of Failed Crypto Token

Luna 2.0 Off To A Rocky Start, After Relaunch Of Failed Crypto Token

Muyao Shen, Bloomberg | Sunday June 05, 2022

Results arent living up to expectations for a quick recovery held by many of the investors who received new Luna tokens following last months collapse of the cryptocurrencies tied to the failed Terra blockchain.

"Critical" We Understand Digital Money's Impact: US Policymaker

"Critical" We Understand Digital Money's Impact: US Policymaker

Reuters | Saturday June 04, 2022

The development of digital currency and payments technologies could change how the Federal Reserve conducts monetary policy and the composition of its balance sheet, issues the central bank will need to work to understand, New York Fed President John Williams said Wednesday.

South African Company Helps Adorn Local Art In Virtual World As NFTs

South African Company Helps Adorn Local Art In Virtual World As NFTs

Reuters | Saturday June 04, 2022

As South African artist Fhatuwani Mukheli paints a portrait of a woman at his Johannesburg studio, he is creating not only the work before him but also a digital asset destined to adorn a virtual world.

Get Your Crypto House In Order, WEF's Old Guard Tells Davos Debutantes

Get Your Crypto House In Order, WEF's Old Guard Tells Davos Debutantes

Reuters | Friday May 27, 2022

Cryptocurrency firms, many of which lined the main street in Davos this week, were told they will need to clean up their act before gaining complete acceptance from the World Economic Forum's old guard.

For Cryptos, It's An All-Round Sea Of Red; Ether And Altcoins Lead Rout

For Cryptos, It's An All-Round Sea Of Red; Ether And Altcoins Lead Rout

Emily Nicolle, Bloomberg | Friday May 27, 2022

Its an all-round sea of red for nearly everything in crypto, with altcoins such as Ether, Solana and Avalanche take a beating.

Crypto Frauds Pose as Journalists, NFTs on Twitter For Users' Details

Crypto Frauds Pose as Journalists, NFTs on Twitter For Users' Details

Jeff Stone, Bloomberg | Friday May 27, 2022

Internet scammers are using hijacked accounts on Twitter to promote dubious cryptocurrency platforms that, once installed, enable them to compromise victims sensitive data, according to new findings provided exclusively to Bloomberg News.

New Terra Blockchain And Luna Token Without Failed Stablecoin: TerraUSD Developers

New Terra Blockchain And Luna Token Without Failed Stablecoin: TerraUSD Developers

Reuters | Thursday May 26, 2022

Developers behind failed stablecoin TerraUSD have voted to abandon the token in favour of creating a new blockchain and digital asset weeks after the cryptocurrency collapsed, according to a tweet from the Terra blockchain protocol.