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Thursday, September 22, 2022
Bitcoin (BTC) is bouncing back this week as a sudden surge challenges weekly highs. In what should provide some desperately needed confidence to bulls, BTC/USD is back at weekly highs on May 30, gaining several percent overnight. In contrast to recent weekly closes, the May 29 candle managed to limit the...
The Bitcoin Lightning Network was first implemented into the Bitcoin mainnet in 2018 and has ever since been able to maintain an upward trajectory in terms of expanding its capacity. Unwithered by the ongoing bear market, Bitcoin’s (BTC) underlying architecture continues to outperform itself — further securing, decentralizing, and speeding...
The price of Terra (LUNA) has tanked around 70% since the re-launch of the Terra ecosystem via Terra 2.0 on May 28. Under the revival plan of Terraform Labs founder Do Kwon, new LUNA tokens, also referred to as LUNA 2, are being airdropped to investors that previously held Luna...
In another attempt to support the revival of Terra (LUNA), the community voted to burn a large amount of UST from its community pool.  Earlier in May, Terra founder Do Kwon explained that a potential solution to the Terra debacle is to absorb the stablecoin supply. In response to this,...
Bill Miller, the CIO of investment firm Miller Value Partners, as well as its billionaire founder, considers Bitcoin to be an insurance policy against any form of financial disaster. While speaking on the Richer, Wiser, Happier podcast on the 24th of May, Miller went on to back the cryptocurrency...
Bitcoin is getting a dose of reality this week as the World Economic Forum convenes, and analysts still favor a fresh BTC price drop. Bitcoin (BTC) is off to a better start than most this week as bulls avoid serious losses into the weekly close. Still heavily tied to declining stock...
Cryptocurrencies are all the rage lately, and for a good reason. They offer a level of security and privacy that traditional currencies simply can't match. So it's no surprise that more and more people are using crypto to gamble online at best paying online casino 2022. But is this...
The Financial Conduct Authority of the UK will have to consider the recent instability in the cryptocurrency market when it sits down to work on its stablecoins and cryptocurrencies. The regulator is closely monitoring the disarray in the cryptocurrency market as Terra, among the biggest names in the world...
Bitcoin has remained just above the $30K mark, but that could change soon if the bears have their way. The prices have moved in a limited range ($28,700 - $31,300). Two external developments have further clouded investor sentiments; the collapse of the 3rd-largest stablecoin, TerraUSD (UST) and LUNA, and...
The US SEC deliberately dragged its feet on recognizing the presence of was not able to deny or confirm the presence of their former director Bill Hinman who was in the corporate finance department. Commentators have said that it appeared to be a bad dream that the SEC of the...
Joe Biden’s nominee for the post of vice chairman for supervision at the Fed, Michael Barr has indicated the importance of a regulatory framework covering stablecoin. If his proposal is approved, it will focus on the job of banking regulation. Michael Barr was speaking at the Senate hearing and cited...
Online data platform Nansen has picked up Ape Board, the DeFi finance portfolio tracker for a reported 8-figure sum. Ape Boards has more than 375 protocols over 33 blockchains that include Ethereum, Avalanche, Binance, Polygon, and Solano. With Ape Board and its multichain coverage, traders will be given a holistic...
At the biggest Bitcoin event in Miami, Madeira was the focus as one of three new zones that are on the path of adopting Bitcoin. El Salvador championed Bitcoin in 2021 and adopted it as a legal tender. The announcement was made by prominent Bitcoin advocate Samson Mow. He has...
Leading streaming platform Spotify has sought to boost the experience of artists and their fans by introducing NFT galleries. The Swedish audio streamer is reportedly carrying out trials with the profile of musicians and testing NFTs. This test was an initiative for selected users of Android devices in the US...
The native token of Ethereum, Ether, does look pretty excited to go through a breakdown move in May. This would create a formation of a convincing bear pennant structure. The price of the token has been fluctuating since the 11th of May inside a range that has largely been...
Today, the entire value locked in DeFi is just over $100 billion, at $112.29 billion. While the TVL has been falling since nearly reaching a record high on April 3, last week's Terra upheaval wiped out the majority of the TVL stored in decentralized financial protocols. For investors, 2022...
Satoshi Nakamoto, the designer of Bitcoin, has ensured the network's security through a new decentralized system of Bitcoin miners who seem to be responsible for authenticating the legality of trades and producing new blocks. Moving away from any fears about planned blockchain assaults, the Bitcoin (BTC) blockchain achieved a...
Although the crypto market, including Bitcoin, went through a sharp drop in its valuation after Coinbase went on to report a quarterly net loss of $430 million, all is not lost. While we wouldn’t go as far as to say that this was simply a drop in the ocean,...
Do Kwon, the co-founder of Terraform Labs, has put forward a proposal that would preserve the ecosystem of Terra. This seems to be the need of the hour- considering the historic depegging of its stablecoin- the UST- which also resulted in the death of the Terra tokens to zero....
Aurora, one of the Ethereum Virtual Machines which is designed to scale Dapps built on the protocol of Near, has decidedly launched a token fund worth $90 million. The fund was instituted in a partnership with Proximity Labs and will be completely focused on financing most of the decentralized...