Terra peg mechanism in doubt as UST crashes to 67 cents
The third-largest stablecoin by market cap Terra USD (UST) appears to be in a catastrophic tailspin which has seen it...
Month: May 2022
Instagram to support NFTs from Ethereum, Solana, Polygon, & Flow
NFTs from some of the most famous blockchain networks are making their way to Instagram, with a test program slated...
ARK Invest’s Cathie Wood Says Crypto Nearing End of Bear Market, Predicts Explosion in Blockchain Technology
ARK Invest founder Cathie Wood says that the increasing correlation between crypto and traditional assets indicates that the bear market...
California Governor Gavin Newsom Signs Executive Order for Crypto Regulatory Framework in Golden State
The governor of the largest US state by population is signing an executive order to boost and regulate blockchain technology...
Bitcoin retests key $30K support zone as data highlights BTC whale accumulation
Sentiment across the cryptocurrency market plunged even deeper on May 9 as an escalation in the ongoing sell-off intensified with...
42.5K BTC reportedly moved from Luna Foundation Guard wallet as UST peg crumbles
Roughly $1.4 billion worth of Bitcoin (BTC) was reportedly moved from a wallet tied to Luna Foundation Guard (LFG) on...
Terra’s LFG to lend OTC traders $1.5B in BTC, UST to support stablecoin peg
Luna Foundation Guard (LFG) said on May 9 that it will lend out $1.5 billion worth of Bitcoin (BTC) and...
Luna Foundation Guard just moved $1.4 billion Bitcoin to an exchange
The Luna Foundation Guard is moving billions of Bitcoin across the blockchain.The wallet address “bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q” held 42,530 BTC but today,...
Crypto presents golden opportunity for UK to take back financial crown post-Brexit
The U.K. has the opportunity to become a global crypto hub by ditching ‘Brussels rules,’ according to the Telegraph, which...
Nigerian firm Looty looks to repatriate stolen African art in digital form
Looty, a Nigerian art-oriented firm, has come up with a way for Africans to view all the art the continent...
Terra’s UST drops 850 basis points against the dollar, loses peg
Fears that TerraUSD (UST) will de-peg following weekend volatility have increased after it fell below $0.980. The algorithmic stablecoin saw...
2022 Bitcoin Obituaries List Outpaces First 3 Years, Schiff Says Its ‘Highly Likely Bitcoin Will Crash Below $10K’
While bitcoin’s price has dropped to levels not seen since January 2022, a number of detractors think bitcoin is on...
As LUNA’s Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below $1 Parity to $0.93
As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last...
As BTC Slides Toward Resistance, the Chance of a Rare Triple Top Formation Comes Into Play
The cryptocurrency economy has shed a lot of value during the last six months dropping 48.70% from $3.08 trillion to...
Biggest Movers: DOT, ADA, SHIB Down Under 10%, as WAVES Rallies on Monday
Monday’s downturn in crypto markets sent several tokens lower, with cardano, polkadot and shiba inu all falling by over 15%....
