Pseudonymous trader Capo to his 323,500 twitter followers says that demand for bitcoin at $28,000 is nearly exhausted as BTC bears to continue to stack massive sell orders above $29,000. A closely tracked crypto strategist who builds a following with his bearish calls says it is almost time for leading digital asset Bitcoin (BTC) to...Read More
The IntoTheBlock’s head of research, Lucas Outumuro says that more than 50% of all the Ethereum in circulation now belongs to address the ETH holdings for more than a year. A leading crypto analytics firm says that long-term holders are buying Ethereum (ETH) despite the second-ranked crypto asset’s price struggles. Quoting that: “Addresses that have...Read More
Recently the South Korean News channel has reported that the country is transforming its responsibility for the crash of crypto Terra, LUNA, and algorithmic stablecoin terra USD (UST) into crypto exchanges. Following the collapse of stablecoin TerraUSD and LUNA, the Korean government is now planning to impose tougher regulations on virtual currencies, including a unified...Read More
Bitcoin’s price fell far below $30,000 on Friday, and other cryptocurrencies were also trading in the red. Ethereum, the world’s second-largest cryptocurrency by market capitalization, has dropped more than 5%. The worldwide cryptocurrency market was down 4.46 percent over the previous day on Friday, May 27, and was at $1.19 trillion at the time of...Read More
Bitcoin Price again failed at the $30,000 level. BTC Price even dropped to $29,000. However, the altcoins are in an even worse shape, BTC/USD is now more than 55 percent lower than its all-time high, which was set in November 2021. What, on the other hand, does this latest crash indicate for investors? Is there...Read More
Tether has announced the creation of a new Mexican peso-pegged stablecoin, marking the company’s first strike into Latin America. Tether said today that the stablecoin, dubbed MXNT, will initially be available on the Ethereum, Tron, and Polygon blockchains. This is Tether’s fourth fiat-pegged stablecoin, following the US dollar-pegged USDT, the Euro-pegged EURT, and the offshore...Read More
A new initiative could aid the town even more after the Terra revival plan was officially passed earlier on Tuesday. On May 27, the new Terra 2.0 blockchain will be live, and Polygon has created a fund to aid Terra migration. Polygon, meanwhile, announced the creation of a multi-million dollar fund to assist Terra blockchain...Read More
After the lesson learnt in the past fortnight, Terra is all set to become the fully-community owned chain to empower the ecosystem. While centralized exchanges like Binance, ByBit, etc are reportedly working closely with Terra for the LUNA 2.0 airdrop. On the other hand, the South Korean exchanges strongly ignore the LUNA 2.0, which may...Read More
While promoting a revived plan to fork Terra with a new token that excludes TerraUSD, Do Kwon is facing legal action in South Korea. After asking cryptocurrency exchanges Upbit, Bithumb, Coinone, Korbit, and Gopax to freeze Luna Foundation Guard assets, South Korean officials are expected to meet with them on Wednesday. The Terra community’s South...Read More
The collapse of crypto Luna and its associated terraUSD stablecoin were really Unexpected. As billions of dollars in crypto wealth have been vaporized by their diving shockwaves throughout the market. Looking at the graph of the Cryptocurrency market nowadays, it looks unsafe in all possible directions. As Bitcoin and ether are at their lowest point...Read More
Anchor Protocol (ANC) Anchor Protocol’s recent market bullish sentiments are rising and were intending to outperform the entire crypto space earlier. And hence currently it appears that The asset is currently up by more than 78%, while the broader markets are experiencing extreme selling pressure. Over the past couple of days, ANC price earned a...Read More
A crucial milestone in the US Securities and Exchange Commission’s (SEC) continuing litigation with payments startup Ripple Labs for reportedly issuing XRP as an unregistered securities has been highlighted by a crypto legal expert. John Deaton, an attorney and XRP advocate, has requested to represent 67,000 XRP investors in a letter. The move follows the...Read More
The collapse of crypto Luna and its associated terraUSD stablecoin were really Unexpected. whereas many of us were unknown to UST before, and what actually the stablecoin stands for. It’s a big deal, as billions of dollars in crypto wealth have been vaporized by their diving shockwaves throughout the market. Looking at the graph of...Read More
The effect of an impulsive loss has taken over $15 billion from crypto value. And there are reports recorded about self-harm by those who have lost most of their savings in UST. A Lot of people have sold off big parts of their crypto portfolio to recoup some of the damage, pulling the entire market...Read More
The global crypto market cap increased by 1.83 percent to $1.26 trillion on May 22, indicating that most cryptocurrencies benefited. After failing to hold the $30,000 level, Bitcoin (BTC) has continued to decline. Volatility has decreased recently, implying that there will be fewer abrupt movements over the weekend. If the rate falls below $29,000, the...Read More
Last week, the cryptocurrency market went through one of the barbaric blood baths where except a few cryptocurrencies, almost every cryptocurrency had a fall of double-digit percentage. Like many other cryptocurrencies, even Cardano bulls have been facing pressure after the May 12th crypto crash. At the time of publication, Cardano’s ADA is trading at $0.526...Read More
Bitcoin price after trading above $30,000 for a couple of days, has now dropped below. And moreover, the less price variation within the asset has raised the speculation for lower levels to be hit in the upcoming days. A popular analyst, in a series of tweets, pens down the reasons why he believes BTC price...Read More
Bitcoin in the recent past faced a notable death cross and since then the prices have dropped massively by nearly 40% until the press time. Death cross usually refers to 200-day MA levels crossing the 50-day MA levels in a daily chart and heading towards the south. Often, this event is considered pretty bearish which...Read More
The popular memecoins, Shiba INU & Dogecoin are currently displaying a similar price action that could end up in an interim bearish trend. Both the assets are currently in deep trouble as the bearish pattern has been extended from the past a long time. And as the flip always gets nullified very quickly, the strength...Read More
On May 9th, 2022, Terra (LUNA) made international headlines after its stable coin, UST lost its peg for the second time in two days. The fear that followed resulted in the Terra ecosystem collapsing on May 10th. Terra has lost 99 percent of its value in just 48 hours. The crypto community has been outraged...Read More
By Paul Grewal, Chief Legal Officer Tl;dr: At Coinbase, we take our responsibility to build a more open, accessible financial system very seriously. We’re deeply committed to our asset listing policies and processes, and we’ll continue to innovate as our dynamic space evolves. A few weeks ago, we shared concerns about purchases of certain assets...Read More
The 1INCH crypto is the centralization and utility token of 1Inch Exchange, a decentralized exchange aggregator. The aggregator enables consumers to swap Ethereum and its tokens via liquidity pools, pricing and percentage optimization protocols. 1inch Exchange aims to provide better bargains to consumers by identifying the far more efficient DEX service provider swap routes. 1INCH...Read More
Tether’s USDT market valuation has decreased by nearly $9 billion after Terra’s UST meltdown. The market saw a dramatic sell-off last week as a result of the collapse of Terra’s UST stablecoin, with USDT trading as low as $0.95. Tether’s “implosion” was approaching, according to the crypto analyst known for his opposing viewpoints. This is...Read More
Terra’s very contentious proposal to hard-fork the blockchain has opened voting, according to founder Do Kwon. Early vote shows that more than 78 percent of the Terra community supports forking the blockchain and producing Terra Version 2.0. Approximately 21.7 percent of holders voted against the proposal and exercised their veto authority. The UST stablecoin will...Read More
As huge turbulence was hovering within the space that the Terra executive had not handled the crisis in a proper way, the founder Do Kwon came up with a relief plan. As per the relief plan, the existing ecosystem would become Terra Classic with the token named LUNC. And the newly created chain would be...Read More
In a recent update, the proposal to fork the current LUNA chain into LUNC has been strongly opposed by their own community. The proposal is said to have received huge negative reactions as they mainly intended to create a new chain without the algorithm stablecoin. On the other hand, the community believed burning LUNA tokens...Read More
Bitcoin, according to one well-followed expert, is on the verge of making a major move now that it has breached a critical psychological support level of $30,000. When individuals talk about the price of Bitcoin, they’re referring to the current market price of the cryptocurrency. Since Bitcoin is a totally speculative asset, this price is...Read More
By Emilie Choi, President and Chief Operating Officer I shared an update with our employees today that I want to also share publicly. Please note that these changes are not expected to have any material impact to our previously communicated expense outlook for Q2, or full-year 2022, as disclosed in our Q1 shareholder letter. Tl;dr:...Read More
The crypto economy was under complete volatility for the past few weeks, but the space faced had the worst one after one of the largest stablecoins, TerraUSD (UST) de-pegged from its $1 value. After UST de-pegged, Do Kwon, the founder of Terraform Labs, shared an update regarding the rescue plan wherein he said the investors...Read More
The recent turmoil in the crypto space has hampered many assets largely, mainly Bitcoin which was on its way to hitting $44,000. However, the recent collapse has compelled the price to remain restricted below $30,000. Interestingly, the BTC price rally in the upcoming days is expected to remain restricted within small braces. And hence if...Read More
