Today’s crypto news is brought to you by the exchange KuCoin.
- Projects associated with Terra suffered losses of more than 80%. Meanwhile, Maker (DAI) is getting a boost as traders look for other decentralized stablecoin options.
- Bitcoin (BTC) mining difficulty jumped 4.89%, reaching a new all-time high of 31.25T. The rise follows an increase of almost 5.6% seen two weeks ago.
- In its latest letter to its shareholders, Coinbase revealed that trading volumes fell 44% in the first quarter, posting worse-than-expected results.
- Still Coinbase, the platform halted its trading service in India due to “informal pressure” from the Reserve Bank of India, the famed crypto exchange’s CEO said on an earnings conference call.
- KuCoin raised $150 million, bringing its valuation to $10 billion.
- Nubank, the largest online bank in Latin America will allocate 1% to Bitcoin and offer cryptocurrency investment services. She partnered with Paxos.
- The investment company Hivemind and the blockchain project Algorand (ALGO) have announced the acquisition of the music platform Napster.
- German taxpayers who sell their bitcoin (BTC) or ETH after one year of custody will be exempt from taxes, according to a crypto tax interpretation from the German Ministry of Finance.
- DeBeersone of the world’s leading diamond-producing companies, recently announced the launch of its Tracr blockchain, which tracks diamonds, including their provenance.
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