News

American singer and songwriter Madonna Louise Ciccone has partnered with renowned digital artist Beeple to create non-fungible tokens (NFTs). The Queen of Pop unveiled this news through a tweet on May 9. She said her NFT project is dubbed Mother of Creation. The NFT triptych features three graphic videos. According to Madonna, she and Beeple worked on the project for a year. She added that this project is unique because it is based on the idea of creation and motherhood.…

Chainalysis, one of the top crypto and blockchain intelligence firms, has raised $170 million in a Series F funding round. A report unveiled this news earlier today, citing a person familiar with the matter. This funding round doubled Chainalysis' valuation to $8.6 billion. According to the report, GIC, a Singapore-based sovereign wealth fund, led this funding round. The source did not mention other investors in the new funding round. However, it is worth noting that GIC has previously invested in…

The crypto market is caught up in a bearish trend, according to analyst and economist Caleb Franzen. He said this in a tweetstorm earlier today, citing the poor performance of crypto-related equities. Franzen highlighted the performance of leading crypto-connected stocks, starting with MicroStrategy’s MSTR. According to him, MSTR is down 83% from its all-time high (ATH) and has lost 58% of its value year-to-date. Franzen also shone a light on Silvergate Capital’s stock, SI, which is down 64% from its…

Amid the bloodbath suffered by all of crypto on Monday, one digital asset collapsed hilariously harder than the rest: Terra. Yes, that includes everything – from the Terra (LUNA) governance token, to its so-called “stablecoin” TerraUSD (UST). The former is down over 75% on the week, while the latter collapsed below $0.7 despite intended $1.00 price peg. The token’s absolute meltdown has nearly removed it from the top 20 cryptocurrencies, despite being top 10 mere days ago. The ordeal has…

Major cryptocurrency exchange, FTX Exchange, has kick-started an initiative to provide support to financially disadvantaged individuals and households in Chicago.  The exchange revealed its supportive plans during its grand opening of a new headquarters in the populous city of Chicago. FTX Expansion to the US The Bahamas-based FTX Exchange recently founded a subsidiary in the United States, dubbed FTX.US. The initiative was officially announced at the inauguration of the exchange's headquarters in Fulton, Chicago. While it is commendable enough FTX…

The Germany-based security company Solidproof had added crypto marketing services to its product suite. It's offer includes numerous package deals for publishing marketing material in cryptocurrency-focused outlets, mainstream news sites, and social media. In a press release shared with CryptoAdventure, the company said it plans to offer all the services of traditional marketing agencies. For example, its solutions include press releases, Ask-Me-Anything’s (AMA’s), and social media posts. It will also feature content on multiple top cryptocurrency websites, including CoinTelegraph, Bitcoin.com,…

El Salvador, the only country that accepts Bitcoin (BTC) as legal tender, has added 500 BTC to its balance sheet. Nayib Bukele, the country’s president, announced this bullish news through a tweet yesterday. According to Bukele, El Salvador bought the dip after the flagship cryptocurrency plunged to the $30,000 level. Bukele’s tweet read, El Salvador just bought the dip! ?? 500 coins at an average USD price of ~$30,744 ? While El Salvador bought BTC at an aggregate price of…

In the latest hours of May 8th, DeFi lending protocol Fortress Network got hit with a manipulation attack that drained most of its funds. According to the protocol's release, the stolen assets included 1,048.1 in Ethereum and 400,000 in stablecoin DAI.   Although the theft surfaced this month, there are strong suggestions the process began much earlier. In fact, 19 days before the announcement went public. Fortress Network confirmed the attack in a tweet soon after it happened. A cry for…

On Monday, the Luna Foundation Guard (LFG) temporarily emptied its entire Bitcoin wallet of 42,530.82 BTC. Due to crypto market volatility, the foundation says it's trying to preserve TerraUSD (UST)’s peg to the dollar. According to on-chain data, the LFG’s Bitcoin wallet sent out all of its Bitcoin at 14:34 EST, only to recover 28,205 BTC just 2 hours later. Terra co-founder Do Kwon explained yesterday that the Guard voted to deploy $1.5 billion from its reserves to maintain UST’s…