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WEMIX token plunges 70% after it’s delisted by Korean exchanges

South Korea’s largest crypto exchanges have announced they will delist WEMIX (WEMIX) — the native token of gaming company Wemade’s blockchain platform Wemix — alleging the firm provided “false information” in response to an investment warning it was issued. Bithumb, Upbeat, Coinone, Korbit and Gopax — which are part of a collective called the Digital Asset eXchange Alliance (DAXA) — announced on Nov. 24 that they would terminate contract support for WEMIX, with trading set to end on Dec. 8. In the investment warning issued Oct. 27, DAXA alleged that there was considerably more WEMIX in circulation than Wemix had disclosed, and Wemix had pledged to work with DAXA to alleviate these concerns. After news of the decision to delist broke, WEMIX Communication released a statement claiming it had...

Terra’s Mirror Protocol MIR rebounds 40% two days after crashing to record low

Mirror Protocol, a decentralized finance (DeFi) protocol built on the Terra blockchain, was hit by one of the biggest collapses in financial history this week after Vladimir Putin ordered military strikes against Ukraine. Terra tokens rally Mirror Protocol’s native token, MIR, dropped to $0.993 on Feb. 24, its worst level to date amid a selloff across the broader crypto market. But a sharp rebound ensued, taking the price to as high as $1.41 two days later, up more than 40% when measured from MIR’s record low. MIR/USD four-hour price chart. Source: TradingView Just like the drop, MIR’s upside retracement came in the wake of similar recoveries elsewhere in the crypto market. But interestingly, MIR/USD returns appeared larger than some of the highly valued digital assets, i...

Terra’s Mirror Protocol shows first signs of bottoming after price gains 30% in 48 hours

Mirror Protocol, a decentralized finance (DeFi) protocol built atop the Terra blockchain, was among the biggest gainers in the last 48 hours, primarily as its native token MIR rallied by over 30% to $1.48, its highest level since Jan. 22. MIR/USD four-hour price chart. Source: TradingView Has Mirror Protocol bottomed out? MIR price rose despite an absence of concrete fundamentals, a sight pretty common across crypto assets. As a result, its rally may have been purely technically-driven, especially because it originated after MIR had dropped by more than 90% in value from its May 2021 high near $13, making the token extremely oversold. IncomeSharks, an independent market analyst, called MIR’s rebound move a “no brainer,” noting that its multi-month drop had left ...

President Buhari seeks NMA support in providing responsive health care system

President Muhammed Buhari has solicited the support of Nigerian Medical Association (NMA) in reforming the Health care sector in order to deliver a health system that is responsive to the needs of Nigerians. Buhari disclosed this on Thursday during the 61st Annual General Conference Annual Delegates meeting of the Nigerian Medical Association (NMA), held in Jos, Plateau State. The President who was represented by Minister of Health, Professor , Osagie Ehanire, said inspite the Country’s fragile health system, Doctors have continued to respond to diseases. He said the Country’s health system has a long way to go in meeting the demand of Nigerians. President Nigerian Medical Association (NMA), Prof. Innocent Ujah appealed to Federal Government to provide modern medical equipments and consuma...