On April 6, onchain data shows the Luna Foundation Guard’s (LFG) bitcoin wallet has added 5,040 bitcoin to its reserves. The added funds were worth roughly $221 million at the time of settlement. LFG managed to purchase the bitcoins while bitcoin lost 3.9% against the U.S. dollar during the last 24 hours. LFG Buys the …
Continue reading “Luna Foundation Purchases 5,040 BTC, Terra Reserves Rise to 35,767 Bitcoin”
Global crypto markets were trading nearly 6% lower as of writing this, with SOL one of the biggest crypto’s to fall during the session. While falling by over 12% on the day, RUNE and WAVES fell by as much as 20% on Thursday. WAVES WAVES was easily one of the biggest gainers in March, as …
Continue reading “Biggest Movers: SOL Slips Over 10%, as RUNE, WAVES Down Nearly 20%”
Commodity analysts from Bloomberg say that Ethereum (ETH) is significantly undervalued and that three of its biggest competitors are all showing solid potential. In the latest Crypto Outlook report, Bloomberg strategist Mike McGlone says that based on a discounted cash flow model, which attempts to estimate the value of an investment based on projections of …
A leading crypto analytics firm says that Bitcoin (BTC) struggled through a long-lasting bear market during the last cycle after hitting its mid-halving correction point in July 2018. In a new analysis, crypto intelligence firm Santiment notes BTC is now fast approaching another mid-halving correction on April 11, a part of the leading digital asset’s …
The UK government is experimenting with digital collectibles as it strives to turn its economy into a global crypto asset hub. In a speech delivered at the Innovate Finance Global Summit, the UK’s economic secretary to the treasury John Glen says that the nation’s coin supplier has been instructed to create a non-fungible token (NFT). …
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The U.S. Department of Justice (DOJ) has seized tens of millions of dollars in crypto assets from an individual who allegedly sold illicit goods and laundered funds through the Dark Web. According to a new press release, the DOJ captured $34 million in digital assets from a Florida man in one of the largest cryptocurrency …
The cryptocurrency market is nearly completely red on April 6 after hawkish comments from multiple members of the Federal Reserve highlighted their opinion that aggressively raising interest rates and cutting bond purchases would need to happen in order to combat inflation. Members did concede that this would result in negative pressure being placed on financial markets …
Continue reading “Ethereum traders eye the 61.8% Fib level if ETH fails to hold the $3.2K support”
On Wednesday, centralized cryptocurrency exchange Binance launched its new TerraUSD (UST) staking program. Although Binance did not name the underlying decentralized finance protocol responsible for the staking rewards, Do Kwon — Terra Luna’s (LUNA) co-founder — attributed the origins of the high yield to Terra’s flagship Anchor protocol. Anchor rate is now available to 30M+ binance …
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Bitcoin (BTC), the entire crypto sector and the S&P 500 index are correcting on April 6, which highlights the tight correlation between the two sectors. Despite the weakness, institutional investors do not seem to be halting their purchases, suggesting that they remain bullish in the long term. Terra used the dip to buy an additional 5,040 …
Continue reading “Price analysis 4/6: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE”
United States President Joe Biden is reportedly planning to nominate two commissioners with different political party affiliations to the Securities and Exchange Commission. According to a Wednesday report from the Wall Street Journal, Biden is considering Democrat Jaime Lizárraga, a staffer for House Speaker Nancy Pelosi, and Republican Mark Uyeda, counsel for the Senate Banking …
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Major sports cable network ESPN has signed a deal with Web3 startup Autograph The agreement will see ESPN launch its first NFT collection with NFL Superstar Tom Brady ESPN’s reach is considerably large with over 140 million subscribers worldwide ESPN has teamed up with Web3 brand Autograph for a multi-year deal geared towards launching an …
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OpenSea has finally onboarded Solana-powered NFTs to its marketplace Users can trade their favorite digital collectible using SOL denominated bids and auctions Solana joins other Layer 1 blockchains Ethereum, Klatyn, and Polygon Non fungible tokens (NFTs) leveraging the Solana blockchain network have gone live on the leading digital marketplace OpenSea. The news follows a prior …
Continue reading “NFT Marketplace Giant Opensea Goes Live with Solana NFTs”
Exchange-traded funds (ETFs) issuer ProShares has filed a registration statement with the United States Securities and Exchange Commission to list shares of a Short Bitcoin Strategy ETF. In a Tuesday filing, ProShares applied with the SEC for an investment vehicle that would allow users to bet against Bitcoin (BTC) futures using an exchange-traded fund. According …
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Lightning Labs, the company behind the Lightning Network, has developed a new protocol that can help introduce more use cases to the Bitcoin network, the company’s CTO Olaoluwa Osuntokun announced April 5, noting that he designed the protocol, dubbed Taro. According to Osuntokun, Taro’s integration will enable the issuance of assets and collectibles on the …
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The Aventador is coming to the end of its production run as Lamborghini electrifies its entire line-up. But intent to go out with a bang, the Italian supercar builder is selling the last ever Aventador LP 780-4 Ultimae Coupé as a 1/1 NFT to be auctioned at Sotheby’s. Source: lamborghini.com Aventador NFT is Lamborghini’s last …
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