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El Salvador Buys 500 Bitcoins Amid Crypto Bloodbath


El Salvador has bought the bitcoin dip. Amid a heavy crypto market sell-off, the Salvadoran president announced that his country has purchased 500 more bitcoins. Since El Salvador adopted the cryptocurrency as legal tender, the Salvadoran government has purchased 2,301 bitcoins altogether....

Bitcoin On-Chain Metrics Strongest Among Peers - Kraken


  Key on-chain metrics tracked by the crypto exchange Kraken show that the Bitcoin (BTC) network last month had healthier on-chain fundamentals than most other blockchain networks, according to a monthly report for April.... Read More: Bitcoin On-Chain Metrics Strongest Among Peers - Kraken

Bitcoin Slides Below USD 33K, Analysts Look for Possible Bottom


Bitcoin (BTC) crashed to its lowest level since last summer as the number one cryptocurrency hit the USD 32,000 level. The Monday crash came as the broader crypto market sold off over the weekend, led by falling stock prices and fears that terraUSD (UST) could lose its dollar peg. Meanwhile...

Ukraine's New Fundraising Platform Supports Over 100 Cryptos


Ukraine's President Volodymyr Zelenskyy has launched a new fundraising platform, dubbed United24, which accepts donations in more than 100 different cryptoassets. The list of supported cryptoassets ranges from popular cryptos like bitcoin (BTC), ethereum (ETH), binance coin (BNB), to recently...

Luna Foundation Loans Out BTC to Defend Bitcoin Peg, Faces Community Backlash


  The Luna Foundation Guard (LFG), the entity tasked with holding bitcoin (BTC) as part of the reserves backing the TerraUSD (UST) stablecoin, has loaned out USD 750m worth of BTC to a trading firm “to help protect the UST peg.” Confronted with what this really means, Terra (LUNA) founder Do Kwon...

Bitcoin Sees 50% Value Drop Since Its Peak in November


The financial market continues its struggle as the largest crypto in the world touches the 34,000 dollar mark. Bitcoin has fallen over 50% in market value after reaching its peak in November 2021. Its recent dip came after the stock markets faced a severe fall in recent days. The week started with...

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