Micah Zimmerman - Profile and Journalist Details
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Micah Zimmerman
Verified
Reporter, Crypto News
Philadelphia
Beats
SportsLifestyle
Content
By Micah Zimmerman Verified| The Crypto.News Show@ Share Synthetix has launched a new liquidity initiative aimed at stabilizing its algorithmic stablecoin sUSD, which has been trading well below its intended $1 peg. The “sUSD 420 Pool,” Announced by founder Kain Warwick on X, the pool will reward participants with 5 million SNX tokens over 12 months in an attempt to curb the effects of the ongoing depeg. sUSD dropped to $0.8224 as of April 18, up over 7% in 24 hours, according to CoinGecko. It was trading as low as $0.63.
By Micah Zimmerman Verified| The Crypto.News Show@ Share Kraken has introduced a new asset class to its derivatives platform in an effort to expand past crypto. The exchange announced the launch of forex perpetual futures (FX perps) with initial support for EUR/USD and GBP/USD trading pairs. Forex perpetual futures are a form of derivative contract enabling traders to speculate on the price changes of foreign exchange (forex) currencies, offering the advantage of no expiration date.
By Micah Zimmerman Verified| The Crypto.News Show@ Share Synthetix has launched a new liquidity initiative aimed at stabilizing its algorithmic stablecoin sUSD, which has been trading well below its intended $1 peg. The “sUSD 420 Pool,” Announced by founder Kain Warwick on X, the pool will reward participants with 5 million SNX tokens over 12 months in an attempt to curb the effects of the ongoing depeg. sUSD dropped to $0.8224 as of April 18, up over 7% in 24 hours, according to CoinGecko. It was trading as low as $0.63.
Company Info
Crypto News
Cryptonews is a prominent platform focused on the blockchain and cryptocurrency industry. Founded in 2017 and headquartered in the Cayman Islands, it has established a significant international presence with a team of over 50 members across six continents. The platform aims to connect emerging crypto developments with a global audience. Cryptonews provides real-time news, analysis, and insights on various topics, including Bitcoin, Ethereum, NFTs, and DeFi. It offers content in ten languages, making it accessible to a diverse audience. Additionally, Cryptonews features a podcast that includes interviews with leading figures in the crypto space. The company also partners with major blockchain events worldwide, enhancing its credibility and reach within the industry.
Nassau, New Providence, The Bahamas
+971 56 454 1938
Founded: 2017