Connect with us

Cryptocurrency

Oracle Redbull Formula 1 Drivers Star on Bybit Crypto Guide Series

Published

on


Oracle Redbull Formula 1 Drivers Star on Bybit Crypto Guide Series

    • Bybit premiered the second episode of its crypto guide series today.
    • Crypto Slang Challenge features drivers Max Verstappen and Sergio Pérez.
    • The series is a product of Redbull and Bybit’s multi-year deal.

Formula 1 drivers Max Verstappen and Sergio Pérez took the hot seat again on the second episode of Bybit’s crypto beginner’s guide, “#BybitLevelUpChallenges,” which premiered today, to discuss the latest crypto and racing slang.

The “Crypto Slang Challenge” saw Verstappen and Pérez guess the meaning of common crypto terms and acronyms, such as gas fees, position, fiat on-ramp, ATH, FUD, and more. Aside from this, the drivers also attempted to correlate the crypto slang with racing terms.

The two drivers seem to know their crypto stuff and are able to define and explain some crypto terms. When asked what “when Lambo” means, Verstappen responded, “when to shine through the streets… show off.” Pérez chimed in and said that if an investor has “done well in crypto, [they] have to show it.

Talking about the bear market, Pérez answered that this “is where things are really nasty on the market.” Notably, the crypto market is currently in a bloodbath, with a 14.6% dip in market cap.

The #BybitLevelUpChallenges series’ episodes 1 and 2 can still be replayed on Bybit Race Insider and Bybit’s official social media accounts.

The series is an initiative stemming from the Red Bull Racing and Bybit partnership. The first episode, which premiered on April 13, also featured Verstappen and Pérez who answered crypto and racing questions.

In February 2022, Oracle (NYSE:ORCL) Red Bull Racing partnered with Bybit, making the exchange one of the racing team’s top tier allies. The partnership gave Bytbit the titles Principal Team Partner, Cryptocurrency Exchange Partner, Fan Token Issuance Partner, and Tech Incubator Partner. The multi-year deal aims to boost fan engagement through cryptocurrencies.

Continue reading on CoinQuora

Cryptocurrency

Top 3 cryptocurrencies that are faring the best in the 2022 bear market

Published

on


Top 3 cryptocurrencies that are faring the best in the 2022 bear market

The crypto market has been in decline over the past six months with its valuation dropping from over $3 trillion in November 2021 to $1.23 trillion in May 2022.

Fears over persistently higher inflation, the Federal Reserve’s hawkish response to it, and the ongoing conflict between Ukraine and Russia prompted investors to limit their exposure to riskier assets. Also, their increasing appetite for the safe-havens, such as the U.S. dollar, weighed down demand for some of the top cryptocurrencies and U.S. equities.

XMR/USD weekly price chart. Source: TradingView
LEO/USD weekly price chart. Source: TradingView
BNB/USD weekly price chart. Source: TradingView

Continue Reading on Coin Telegraph

Continue Reading

Cryptocurrency

Understanding Tether’s Peg and Reserves and How They Work

Published

on


Understanding Tether’s Peg and Reserves and How They Work

  • How to maintain Tether’s stability.
  • Tether’s reputation and transparency.
  • Financial reserves of Tether are solid, cautious, and liquid.

Given that Terra’s peg has fallen, it’s reasonable to wonder what prevents Tether (USDT) from following the same path.

USDT and Terra utilize distinct designs, mechanisms, and collateral. Terra was a computable stablecoin that wasn’t fully collateralized. It includes a variety of stability-inducing mechanisms, but they all failed in the end.

USDT is fully collateralized, with no credit risk. Each USDT can be exchanged for dollars through Tether, ensuring that when the price falls below $1, investors can acquire USDT at a discount and redeem them with Tether to make a profit.

During periods of high market volatility, the price of USDT might drop below or exceed $1. This does not imply that the peg has been broken. It indicates an increased level of liquidity than what is available on the order books of that exc …

Continue reading on CoinQuora

Continue Reading

Cryptocurrency

LTC Social Engagement Jumps 21% After MimbleWimble Activation

Published

on


LTC Social Engagement Jumps 21% After MimbleWimble Activation

  • The Litecoin community has recently approved the activation of the MimbleWimble protocol on the LTC mainnet.
  • This upgrade has led to a massive jump in overall Litecoin social engagement.
  • So far, Litecoin’s social engagement has increased by 21%, and even hit its highest point in the last three months.

The Litecoin community has recently approved the activation of the MimbleWimble protocol on the LTC mainnet.

MimbleWimble is a privacy-focused decentralized protocol that enables users to conceal transaction data with its confidentiality feature while providing a foundation for other blockchains to improve the usability of their token.

The Mimblewimble Extension Block (MWEB) hides three critical pieces of information: sender address, receiver address, and the amount of crypto sent.

With the Mimblewimble Extension Block, users can opt-in to confidential transactions. The goal of this is to enhance the visibility of Litecoin as a fungible currency that can be used for real-world transactions by lowering fees and adding privacy, throughput and scalability.

This upgrade has led to a massive jump in overall Litecoin social e …

Continue reading on CoinQuora

Continue Reading

News

Cryptocurrency7 mins ago

Top 3 cryptocurrencies that are faring the best in the 2022 bear market

Top 3 cryptocurrencies that are faring the best in the 2022 bear market The crypto market has been in decline...

Sports & General7 mins ago

Former White House press secretary to join MSNBC cable network -statement

© Reuters. FILE PHOTO: U.S. White House Press Secretary Jen Psaki holds her last press briefing at the White House...

Stock Markets7 mins ago

Tata Steel says India export tax could alter output targets

© Reuters. FILE PHOTO: A company logo is seen outside the Tata steelworks near Rotherham in Britain, March 30, 2016....

Cryptocurrency13 mins ago

Understanding Tether’s Peg and Reserves and How They Work

Understanding Tether’s Peg and Reserves and How They Work How to maintain Tether’s stability. Tether’s reputation and transparency. Financial reserves...

Cryptocurrency14 mins ago

LTC Social Engagement Jumps 21% After MimbleWimble Activation

LTC Social Engagement Jumps 21% After MimbleWimble Activation The Litecoin community has recently approved the activation of the MimbleWimble protocol...

Uncategorized14 mins ago

Crypto Flipsider News – Bitcoin Drops Below $29k to Mark 8 Week Bearish Streak; Uniswap to Launch on Moonbeam & Gnosis; Binance Debuts Payment and Trading in Dubai; Sumitomo Launches Institutional Cry

World14 mins ago

Trump’s sway faces biggest midterm test in Georgia’s Republican races

4/4 © Reuters. Georgia Governor Brian Kemp waves to the crowd following a rally ahead of the state’s Republican primary,...

Economy14 mins ago

EU summit unlikely to find solution on Russia oil embargo, von der Leyen says

2/2 © Reuters. FILE PHOTO: Models of oil barrels and a pump jack are seen in front of displayed EU...

Stock Markets14 mins ago

Denmark stocks lower at close of trade; OMX Copenhagen 20 down 0.76%

Investing.com – Denmark stocks were lower after the close on Tuesday, as losses in the Personal & Household Goods, Healthcare...

Stock Markets14 mins ago

Ralph Lauren expects margins to grow on resilient luxury demand

© Reuters. FILE PHOTO: A man walks past Ralph Lauren Corp.’s flagship Polo store on Fifth Avenue in New York...

Stock Markets14 mins ago

Billionaire Steyer backs climate tech firm Regrow Ag

© Reuters. FILE PHOTO: An orchard is planted near Teviston, California, U.S., October 22, 2021. REUTERS/Stephanie Keith By Simon Jessop...

Economy14 mins ago

Chanel may limit purchases more in exclusivity drive

© Reuters. FILE PHOTO: The logo of fashion house Chanel is seen on a store in Paris, France, June 18,...

Stock Markets44 mins ago

Kim Kardashian Named Beyond Meat’s First Chief Taste Consultant, Shares Fail to Hold on to Gains

© Reuters. Kim Kardashian Named Beyond Meat’s (BYND) First Chief Taste Consultant, Shares Fail to Hold on to Gains Beyond...

Economy44 mins ago

US Business Activity Softens as Inflation Tempers Demand

(Bloomberg) — US business activity settled back to a four-month low in early May as costs ballooned and high selling...

Stock Markets44 mins ago

Ralph Lauren expects margins to grow as rich customers shrug off inflation

© Reuters. FILE PHOTO: A man walks past Ralph Lauren Corp.’s flagship Polo store on Fifth Avenue in New York...

Cryptocurrency44 mins ago

Game on: Yield Guild Games scholarships on the rise through Q1

Game on: Yield Guild Games scholarships on the rise through Q1 Yield Guild Games (YGG) has released its Community Update...

World44 mins ago

Tedros re-elected as head of World Health Organization

© Reuters. FILE PHOTO: Director-General of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus addresses the 75th World Health Assembly...

Cryptocurrency44 mins ago

Coinbase Wallet Extends Token Swaps With BNB Chain and AVAX

Coinbase Wallet Extends Token Swaps With BNB Chain and AVAX Coinbase (NASDAQ:COIN) wallet adds BNB Chain and AVAX networks. The...

World44 mins ago

U.S. Senate candidate sues over mail-in ballots in Pennsylvania midterms primary

2/2 © Reuters. FILE PHOTO: Republican Party U.S. Senate candidate David McCormick speaks to reporters after voting in the primary...

Economy44 mins ago

Exclusive-Sri Lanka’s prime minister says will slash expenditure in new budget

2/2 © Reuters. People wait in a line to buy domestic gas tanks near a distributor, amid the country’s economic...

Economy44 mins ago

U.S. new home sales hit two-year low; prices surge

© Reuters. FILE PHOTO: A home under construction stands behind a “sold” sign in a new development in York County,...

Cryptocurrency1 hour ago

El Salvador’s Bitcoin play: What does the current slump mean for adoption?

El Salvador’s Bitcoin play: What does the current slump mean for adoption? It was September 6, 2021, when the Central...

World1 hour ago

Does the Commonwealth have a future after Queen Elizabeth?

© Reuters. FILE PHOTO: Britain’s Queen Elizabeth leaves after watching the Royal Windsor Horse Show Platinum Jubilee Celebration at Windsor...

Stock Markets1 hour ago

Snowflake Stock Plunges 7% Despite Rosenblatt Upgrade to Buy on Valuation and Growth

© Reuters. Snowflake (SNOW) Stock Plunges 7% Despite Rosenblatt Upgrade to Buy on Valuation and Growth By Senad Karaahmetovic Shares...

Cryptocurrency1 hour ago

SHIB Passes FTX for Biggest Holding by USD Among Top 500 Whales

SHIB Passes FTX for Biggest Holding by USD Among Top 500 Whales SHIB just flipped FTT for the biggest holding...

Cryptocurrency1 hour ago

Colombian Crypto Market Advances, but Users Demand Greater Security

Colombian Crypto Market Advances, but Users Demand Greater Security A little more than a third of Colombians would be willing...

Cryptocurrency1 hour ago

A Gaming Token RoboApe With The Potential To Be Ranked As High As Avalanche Or Even Ethereum

A Gaming Token RoboApe With The Potential To Be Ranked As High As Avalanche Or Even Ethereum Blockchain and cryptocurrencies...

Coronavirus1 hour ago

U.S. births rise for the first time in seven years in 2021

© Reuters. FILE PHOTO: A general view of the U.S. Centers for Disease Control and Prevention (CDC) headquarters in Atlanta,...

Stock Markets1 hour ago

Exclusive-Oracle to win unconditional EU nod for $28.3 billion Cerner deal -sources

© Reuters. FILE PHOTO: The company logo for Oracle Corp. is displayed on a screen on the floor at the...

Stock Markets1 hour ago

Wall St plunges as Snap’s bleak forecast sparks selloff

2/2 © Reuters. FILE PHOTO: Snapchat app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado...

Trending