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Industry experts weigh in on SEC hiring more crypto cops
11.5.2022
The SEC's decision to expand its digital assets section was well received by industry experts and came as no surprise, given the growing interest in cryptocurrencies
Headline Inflation Slowed to 8.3% in April, But Core Inflation Keeps Rising
11.5.2022
The consumer price index (CPI), reported by the Labor Department, was at 8.3% in April, down from 8.5% in March
LUNA, UST Move Closer to Zero, as Do Kwon Asks Holders to ‘Stay Strong’
11.5.2022
Do Kwon has urged holders of LUNA to “stay strong,” as the price moves ever closer to zero. Following the UST stablecoin losing parity with USD, prices have plunged, falling to a new low this morning. LUNA, UST Tumble Toward Zero As of writing, LUNA/USD is trading at $5.45, which...
Anchor Community Submits Proposal to Restore UST Peg
11.5.2022
Community members form Anchor have submitted proposals to save the UST peg
Stepn’s ‘Move-to-Earn’ Model Has Crypto Analysts Seeing Value in Long Run
11.5.2022
This blockchain-based application's users must purchase a "virtual sneaker" NFT to earn crypto rewards. Consumer advisory: They start at around $800
UST Falls to $0.35, Terra Futures See $106M in Liquidations
11.5.2022
Some 58% of LUNA traders were betting on higher prices even as the tokens fell yesterday
Bitcoin Flirts With $30K During Asia Trading Day as Luna Foundation Guard Fights to Defend UST Peg
11.5.2022
High balances on exchanges due to LFG using bitcoin reserves to defend stablecoin peg, says Glassnode analyst
Terra’s LUNA Drops to Under $8 After 90% Weekly Plunge
11.5.2022
Value locked on Anchor, Terra’s largest DeFi protocol, dropped some $11 billion in the past two days
Coinbase Has No Risk of Bankruptcy, New 10-Q Disclosure Langauge Is SEC Requirement, CEO Armstrong Says
11.5.2022
The new language points out that customers could be treated as general unsecured creditors if there ever were to be such proceedings
First Mover Asia: Crypto Market Decline Underlines Its Unpredictability; Bitcoin Holds at $31K
11.5.2022
Most signs have pointed downward, but predicting price trends in the days and weeks ahead is difficult; cryptos have a mixed day
UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg
11.5.2022
Luna Foundation Guard’s billions of dollars in bitcoin without an actual infrastructure ready to deploy left Terra’s stablecoin UST vulnerable to a ‘Soros-style attack’, an analyst said
UST Resumes Spiral After Quiet Day Orbiting 90 Cents
11.5.2022
TerraUSD fell below $0.90 late Tuesday after 12 hours of relatively stable price action
Market Wrap: Altcoins Outperform as Bitcoin Stabilizes Around $30K
10.5.2022
Bitcoin (BTC) and other cryptos stabilized on Tuesday amid rising correlations with stocks. Altcoins such as MATIC rallied over the past 24 hours, indicating a greater appetite for risk among short-term traders
Altcoins stage a relief rally while Bitcoin traders decide whether to buy the dip
10.5.2022
Stocks and altcoin prices bounced as the sell-off in BTC took a pause, but analysts continue to warn that further downside could occur shortly
Crypto Downturn Shakes Digital Collectible Markets as NFT Sales Slip 42% Lower Than Last Week
10.5.2022
Non-fungible token (NFT) markets are starting to feel the pain from the crypto market carnage that’s taken place during the last week. Over the last seven days, NFT sales have dropped 42.85% lower than the previous week. NFT sales on Ethereum were hit the hardest as the blockchain saw...
Michael Saylor assuages investors after market slumps hurts $MSTR, $BTC
10.5.2022
As MicroStrategy stock slumps, Michael Saylor remains confident Bitcoin holdings will cover a potential margin-call on BTC-backed loans
Past-Peak Inflation Might Be Misleading as Price Pressures Continue to Mount
10.5.2022
As inflation peaks, bitcoin traders should be wary of reading too much into data
Erratic Bond Yields, Lockdowns, and War — 3 Reasons Why Economic Recovery Won’t Happen Quickly
10.5.2022
The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2, 2022, the crypto economy has dropped more than 15% from $1.83 trillion to today’s $1.54 trillion. The price of gold has lost 5% in 30 days,...
Biggest Movers: LUNA Loses 50% of Its Value, While XMR and AXS Declines Continue
10.5.2022
LUNA was down by over 50% in today’s session as markets continued to react to UST losing its parity with USD. As such traders lost faith in the stablecoin founded by Do Kwon, which dropped to its lowest point since September. Whilst LUNA stole the headlines, XMR and AXS also saw recent...
Bitcoin Holding Support at $30K, Resistance at $35K
10.5.2022
Bitcoin (BTC) is stabilizing around $30K, which is the bottom of a year-long trading range. There are initial signs of capitulation, evidenced by an uptick in volume, albeit not as extreme as previous sell-offs. Upside remains limited