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Archives: Fast News

  • Anchor saw $1 billion of liquidations during UST and LUNA’s death spiral

    Anchor saw $1 billion of liquidations during UST and LUNA’s death spiral

    According to The Block’s Data Dashboard, $1.048 billion worth of staked crypto collateral deposited by borrowers on Anchor was liquidated on the platform between May 7 and May 12. This is the largest liquidation event for a single protocol.

    Terra (LUNA) accounted for over $750 million — or close to 75% of the liquidations — on Anchor during the period. Liquidations of Avalanche (AVAX) came in at $261 million, with the remainder spread across Ether (ETH), Solana (SOL), and Cosmos (ATOM).

  • Avalanche TVL hits 2022 low; sinks more than $6 billion

    Avalanche TVL hits 2022 low; sinks more than $6 billion

    Avalanche total value locked (TVL) declined to new high lows in the third week of May due to the bearish trend of the market causing a decline in TVL on all blockchains.

    According to BeInCrypto Research, Avalanche has shed 59% in total value locked since the beginning of the year. On Jan 1st, Avalanche had a TVL of around $11.7 billion, and this declined to approximately $4.77 billion on May 18th.

  • COTI announced a new partnership with GeroWallet

    COTI announced a new partnership with GeroWallet

    COTI, a decentralized payment protocol announced a new partnership with GeroWallet, a cryptocurrency wallet extension for accessing Cardano-powered dApps in users’ browser.

    Along with Gerowallet, COTI is exploring ways to allow their users to interact with dApps, borrow and lend against Djed and make payments with Djed, an algorithmic stablecoin built on Cardano and issued by COTI.

  • 5.4 billion SHIB destroyed in 24 hours

    5.4 billion SHIB destroyed in 24 hours

    As reported by shibburn crypto tracker, over the past 24 hours, various teams within the SHIB army have transferred a total of 5,486,423,670 SHIB to dead-end wallets, thus removing them from circulation forever.

  • Top 10 Daily Gainers

    Top 10 Daily Gainers

    Top 10 Daily Gainers

    In the last 24h, GODS, the native token of the Gods Unchained ecosystem, witnessed an impressive growth of 97.96% to a price of 20,647 VNDC after a few days fluctuating around 8,000 – 10,000 VNDC.

    Based on the price movement over the last week, GODS has gained 137.73%. With these achievements, GODS is now leading the Top Gainers on the ONUS app. Following behind are SANTOS (up 50.09%), BCOIN (up 40.68%), PEOPLE (up 36.84%),…

  • Bitcoin dominance is stronger than it’s been in 6 months

    Bitcoin dominance is stronger than it’s been in 6 months

    According to the latest chart provided and calculated by Tradingview, Bitcoin has returned to a level of crypto market dominance it last saw in late October 2021. Bitcoin controls 44.7% of the entire crypto market, showing 9% growth in dominance over the last two weeks.

  • Stablegains faces lawsuit after losing $44 million on UST

    Stablegains faces lawsuit after losing $44 million on UST

    Yield generation app Stablegains could be facing a class-action lawsuit after the company lost more than $44 million of customers’ funds. Stablegains took customers’ U.S. dollar deposits, converted them to UST, and deposited them into Anchor Protocol before the algorithmic stablecoin lost its peg and crashed the Terra ecosystem.

    Class action law firm Erickson Kramer Osbourne sent a letter to Stablegains on May 14 demanding records of customers’ accounts, the firm’s marketing and advertising materials, and communications records regarding the UST stablecoin.

  • Cryptocurrencies can now be accepted by thousands of restaurants in 65 countries

    Cryptocurrencies can now be accepted by thousands of restaurants in 65 countries

    Lavu, a global restaurant software and payments solution provider, and Verifone, a payment solution provider, have disclosed a new cross-distribution partnership that will integrate Lavu’s restaurant software suite with Verifone’s payment solutions.

    The strategic partnership seeks to allow both Verifone and Lavu to offer a unified point of sale (POS) and payment experience to their customers, inclusive of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, Shiba Inu and several USD stablecoins using popular crypto wallets, PayPal, Venmo, WeChat Pay, Klarna, Swish and Vipps.

  • FTX US launches 0% commission stock trading, opens stablecoin securities payment gateway

    FTX US launches 0% commission stock trading, opens stablecoin securities payment gateway

    Billionaire Sam Bankman-Fried’s exchange will start testing the stock trading function for a select few users in the US tomorrow.

    In particular, customers will be able to trade completely free of charge without commission and can fund their accounts with USDC – the current preferred stablecoin after the LUNA-UST crash.

  • Indian crypto traders may pay tax for using foreign exchanges

    Indian crypto traders may pay tax for using foreign exchanges

    Indian crypto traders may pay tax for using foreign exchanges

    “If a crypto exchange is based out of India, and is not impacted from GST implication, then the receiver who is based out of India will be liable to pay GST on a reverse charge basis,” an unnamed finance ministry official reportedly told local media.

    If this tax comes into effect, investors trading on foreign crypto platforms may pay a 30% tax on income generated from such trades, 1% tax deducted at source (TDS) as well as GST reverse charge.