It is a known fact that the crypto space is now in the middle of a notable bear market which is yet to find its bottom. The star crypto, Bitcoin, currently appears struggling to restore the last line of defence above $20,000. In such a case, the crypto market tumbles down heavily and at the...Read More
The bearish blues hover over Terra’s LUNA price as the crypto market’s recent crash has put all the coins under pressure once again. For Terra, mid-$2.30 levels have performed as support above the bottom recorded last Thursday at $2.10. LUNA pricing avoided making a new all-time low on Tuesday. Because LUNA 2.0, like most cryptocurrency...Read More
By Brian Armstrong, CEO and Cofounder Earlier today, I shared the following note with all Coinbase employees. Team, Today I am making the difficult decision to reduce the size of our team by about 18%, to ensure we stay healthy during this economic downturn. I want to walk you through why I am making this...Read More
The fall of Terra, which went from being the world’s third largest stablecoin to being valued at less than a $1, has been the most talked-about topic. Since hitting an all-time high in November, the value of Bitcoin has plummeted, as has the value of other digital assets such as altcoins and stablecoins, resulting in...Read More
Terra’s ecosystem had roughly 15% of the DeFi market share before its collapse last month. According to DeFiLlama data, this makes it the second-largest hub for all decentralized finance. But after a $40 billion network goes bankrupt, where do the investors flee? When Terra was still alive and active on May 6, Ethereum had 55%...Read More
The overall market structure has shifted to the downside, with no clear signs of a likely trend reversal. In the early hours of today’s trading, Ethereum fell to $1,462, its lowest level since January 2021, indicating yet another evidence of a bear market. Amid the bearish market sentiments, hundreds of thousands of crypto traders are...Read More
Lido Staked Ethereum (stETH), a DeFi Ethereum derivative, has significantly diverged in the last 48 hours. The coin, which is intended to be pegged to ETH 1:1, is currently trading at $1,473 and has dropped by 7% in the last 24 hours. ETH, on the other hand, is currently trading at $1,536. Since late Thursday,...Read More
The global crypto market jitters over the US inflation rate accelerating to a new 40-year high. Despite Friday’s sell-off, The Bitcoin Fear & Greed Index saw a modest rise during early Asian trading hours. The bearish session saw bitcoin fall to sub-$29,000 before finding support. With the Bears over the control, Bitcoin has experienced a...Read More
Terra’s LUNA and UST disaster is gradually settling, with more doubtful information regarding the company’s work making its way into the public domain. There are controversies related to Do Kwon-related. Due to this consumers have come up with the legitimate question. It’s all about what happened to the huge Bitcoin backing that was supposed to...Read More
The Crypto bear market is currently dealing with a bunch of uncertainties in the price. One of the Crypto analysts has made his outlook for Solana (SOL), Avalanche (AVAX), Chainlink (LINK), and ApeCoin (APE) aiming at all the uncertainties the market is dealing with. Solana Price The Pseudonymous crypto trader Altcoin Sherpa told his 176,500...Read More
Ethereum (ETH) has dropped mercilessly in the last two weeks, trading below the $1800 mark. However, due to a successful Merge on the Ropsten testnet, favourable on-chain statistics, increased whale holdings, and other positive variables, prices may be able to stabilize at current levels. On June 8, the Ethereum team successfully completed the Merge on...Read More
All eyes have been on Do Kwon and his crew at Terraform Labs since the fall of Terra Luna and UST and the following introduction of Terra 2.0. Several allegations have been made against the founder and TFL, some of which are backed up by good proof. TFL and Do Kwon have even been the...Read More
Around the Block from Coinbase Ventures sheds light on key trends in crypto. Written by Connor Dempsey. Data by Mike Cohen. TLDR: Central Banks and governments responded to the March 2020 COVID market shock with unprecedented interest rate cuts, money printing, and stimulus These easy money policies kicked off a multi-year bull run for equities...Read More
Bitcoin (BTC) prices have been stuck around the $30,000 level for almost a month, with a few reasons offering an upswing lift. According to Coinmarketcap.com, at the moment Bitcoin is valued at $30,318, pretty much unchanged from its early May trading. The currency has dropped more than 50% since its record high in 2021. Also...Read More
The Crypto King- Bitcoin- is currently trading at the price of $31,030, up by 6% from the low of $29,314 in just 24 hours. The pseudonymous crypto strategist, Inmortal, notified his 179,800 Twitter followers about Bitcoin’s bottom in the form of an ascending triangle, briefing them that the move above this triangle resistance at $32,000...Read More
The research of Aracane Research analysis says that the cumulative year-to-date return of BTC during U.S trading hours, which has dropped from 4.22% on April 1st to -32.55% in May. In result the overall selling volume over the month of April has occurred between the trading hours by a certain group of traders and investors...Read More
By L.J Brock, Chief People Officer As part of our announcement on Thursday, we made the difficult decision to rescind the offers of a number of candidates who were set to join Coinbase. While it’s necessary to slow our headcount growth in light of the macro environment, we deeply regret the impact this has for...Read More
It is a known fact that Bitcoin is the most dominant crypto in the market, sharing nearly 50% of the global market capitalization. The asset surged more than 6% in the past 24 hours, regaining the lost positions above $31,000. However, when the BTC prices were cemented around $30,000 for almost a month now, will...Read More
Following the $60 billion Terra ecosystem’s catastrophic downfall in early May, Tron has risen to become the third-largest blockchain in the decentralized finance industry (behind only Ethereum and BNB Chain). Justin Sun, the founder of Tron, recently informed Bloomberg that the USDD (USDD) stablecoin would be modified to avoid a Terra-style collapse. Overcollaterization of the...Read More
Despite all of the turmoil surrounding stablecoins over the previous month, Tron’s USDD has made substantial progress. The stablecoin has hit some significant milestones since its introduction exactly one month ago. USDD has been promoted to the ‘first over-collateralized decentralized stablecoin,’ according to the TRON DAO Reserve. The currency has a total circulating supply of...Read More
Currently Bitcoin is trading at an average price of $29,700, and Around $1.3 billion Bitcoin outflow has been reported by Glassnode, net outflow standing at $698 million. The global crypto market is down by 2% from the last 24 hours, standing at $1.23 trillion. The Bitcoin recorded again is dropping to the lowest by dropping...Read More
Ethereum, the second largest Altcoin is stuck in Rut for a long time. ETH price has crashed more than 60% from its ATH at $4864 dropping to $1703. All though the altcoin surged near $2K multiple times, ETH Price failed to rise above. The second largest Crypto hit $1,724, the lowest level in this cycle....Read More
Cardano price, ever since it dropped hard from the levels around $0.766 levels, traded within high demand area for quite a long time. Later the prices fell drastically to plunge below $0.5 to mark the yearly lows and ignited a significant upswing to reach $0.68. However, the asset failed to surpass the resistance at $0.7...Read More
The crypto space, ever since the beginning of 2022 trade, displayed its misty behavior and due to which many traders still remain aloof. Just after a minor spike, most of the assets experience a drastic dip, whipping out the gains of the past couple of days. Therefore, now that the bears appear to have become...Read More
By Paul Grewal, Chief Legal Officer A couple of weeks ago, a newly required SEC disclosure we made in our 10Q created some noise about how Coinbase holds crypto assets and what could happen in the highly unlikely event of the company’s insolvency. This led to some genuine concern among people who hold crypto assets...Read More
After a successful launch and having received amazing feedback from the gaming community across the globe, ADA Demon, an immersive Play-to-Earn game, is hosting the Private Sale of its native token, $AGONY, starting today. And just like the game, $AGONY is going to be a success owing to market-oriented tokenomics governing it that either bypass...Read More
The popular play-to-earn token Axie Infinity (AXS) dropped heavily after a magnificent rally of close to $30 during the last trading day. The asset reached a three-week high but eventually failed to hold the gains and corrected by more than 18.5% since the early trading hours. Moreover, it is currently posing more possibility of a...Read More
The collapse of the Terra stablecoin posed a number of challenges for stablecoin networks. While some stablecoins have been put to the test after the UST crisis, others have remained consistent. Despite a recent downturn in the market, the TRON (TRX) cryptocurrency has managed to maintain its momentum. The TRX token has risen to the...Read More
Terra 2.0 went live a couple of days before, launching a new chain with a new token LUNA, while the old token was rebranded as TerraClassic (LUNA). Despite huge criticisms, Do-Kwon, the founder of Terra went ahead with his proposed revival plan and launched a new chain. It was expected that the influx of liquidity...Read More
The star crypto after recording 8 strength red-weekly candles, Bitcoin ignited a bullish start for the week. The prices rebounded well from the bottom after a brief consolidation for a couple of days. The asset is expected to keep up the bullish momentum as it has broken the 20-day downtrend and he lowered resistance at...Read More
