The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic (USTC) holders. However, on Tuesday the Terra development team revealed that some Terra token owners “received less LUNA from the airdrop than expected,” …
Monthly archives: May 2022
Biggest Movers: WAVES Nearly 60% Higher, as AXS Surges Close to 25% in Today’s Session
WAVES prices surged by almost 60% on Tuesday, leading gainers in crypto markets during today’s session. This move took prices to a 20-day high, and came as AXS also rallied, climbing by over 25% earlier in the day. WAVES WAVES was one of Tuesday’s biggest gainers, as prices rose by nearly 60% earlier in today’s …
Crypto Fear and Greed Index Shows ‘Extreme Fear’ and Shaky Sentiment Persist
For a few weeks now, bitcoin sentiment stemming from the Crypto Fear and Greed Index (CFGI) has been in the “extreme fear” range. While bitcoin gathered some gains on Monday, the CFGI is still in the “extreme fear” position with a ranking score of 16 out of 100. Crypto Fear and Greed Index Remains in …
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Bitcoin, Ethereum Technical Analysis: ETH Back Above $2,000 as Crypto Rally Extends
ETH briefly rose above $2,000 on Tuesday, as crypto bulls were once again present in today’s market session. BTC was also higher, with the world’s largest cryptocurrency climbing to its highest point in nearly three weeks. Bitcoin Bitcoin rose to its highest level in nearly three weeks on Tuesday, as crypto prices continued to rally, …
Old Fashion Research Launches $100 Million Latam and Emerging Markets Crypto Metaverse Fund
A VC company founded by former Binance employees, Old Fashion Research, has announced the launch of a new crypto fund in the midst of the current downturn the market is facing. The fund, which will have $100 million at its disposal, will focus resources on metaverse investments and in carrying crypto projects to emerging markets …
Vybe Pre-Launches a Social Media Mining App
press release PRESS RELEASE. Miami, Florida. – Vybe, LLC announced today that they are building an app that lets people mine their social media for cryptocurrency. “What if you earned crypto for every like you earned on social media?” Vybe Business Development Manager Blake Marum said, “That’s what Vybe does. It connects your content creator …
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Bitcoin To Explode Higher Next Month? Crypto Analyst Benjamin Cowen Says Three Metrics Suggest June Rally Incoming
Popular crypto analyst Benjamin Cowen says three metrics indicate Bitcoin (BTC) could see a price bounce in June. In a new strategy session, Cowen tells his 746,000 YouTube subscribers the first metric pointing to a Bitcoin rally is a correcting US dollar currency index. “We know that the US dollar currency index, when it’s moving …
Ethereum Whales Are Loading Up on Three Metaverse Projects and Two Ethereum Altcoins, According to On-Chain Analysis
The world’s largest Ethereum (ETH) whales are loading up on three metaverse altcoins as the crypto markets flash signs of improvement. Outside of stablecoins and ETH, the play-to-earn blockchain gaming platform Gala (GALA) was the top target for the 100 largest Ethereum wallets on Sunday, according to blockchain tracker WhaleStats. The top 100 ETH addresses …
Bitcoin drops 1.5% on US market open amid warning miners may ‘capitulate’ in months
Bitcoin (BTC) fell in line with United States equities on May 31 as the return of Wall Street began with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks take BTC price south again Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to near $31,000 at the start of trading after markets returned …
You can now clone NFTs as ‘Mimics’: Here’s what that means
In the precariousness of Web3 open-source code, iterative development and “move fast” ethos, things break. And through breaking, things are also made. A new project allows anyone to create a copy of someone else’s NFT, aptly named “Mimics.” But how does Mimics work, and what does it mean for the NFT art market to have …
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Wealthy Coinbase clients are still ‘hodling’ Bitcoin since December 2020, data suggests
Bitcoin’s (BTC) price dropped by more than 50% after peaking out at $69,000 six months ago but the plunge did little in forcing some of its wealthiest investors into selling. Notably, the number of Bitcoin under Coinbase Custody for institutional clients rose by 296% since Q4 2020, showcasing the most investors decided to “hodl” onto …
Amid P2E downturn, Sky Mavis turns to user-generated content for Axie Infinity
On Tuesday, Sky Mavis, creator of the popular fantasy monster-battle nonfungible token (NFT) game Axie Infinity, announced that it had accepted the first user-created projects in its Axie Infinity Builders Program. Out of 2,000 applications submitted, just 12 were selected for the Builders Program. Among the many perks, chosen teams will receive a minimum $10,000 …
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Singapore’s Top Regulator Unveils Blockchain Program With DBS Bank And JP Morgan Chase
Quick take: Authorities announced the initiative dubbed Project Guardian. It’s a joint effort between the finance industry stakeholders and the Monetary Authority of Singapore. The focus is on DeFi solutions and digital asset tokenization. Reports revealed that the first pilot targets DeFi’s use in the wholesale lending market. Major banks like DBS and JP Morgan …
Cardano Overtakes Ripple To Become The Sixth Biggest Cryptocurrency By Market Cap
Cryptocurrency Cardano has soared 27% in anticipation of its upcoming Vasil Hard Fork upgrade The currency has outrun Ripple to become the sixth biggest cryptocurrency by market cap. Cardano is rapidly evolving into one of the leading cryptocurrencies as it has recently outrun Ripple to become the sixth biggest cryptocurrency by market capitalization. According to …
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Terra LUNA v2 Airdrop And Trading Launches On Binance With 800% Increase In Token Price
Quick take: The new LUNA is now available on the world’s largest exchange. Terra’s airdrop also rolled out to LUNC holders. LUNA’s price is just above $9.7 on Binance. Terra’s new native token went live across major exchanges a few days earlier. The airdrop is incomplete on some platforms and exchanges due to technical challenges …