Over two weeks after the Terra LUNA and UST fallout, a whistleblower dubbed “Fatman” published an alleged chat log between the project’s co-founder Do Kwon, Terra validators, and infrastructure providers from the Terra blockchain community. If the chat log is legitimate, Fatman claims the document proves over 50 people “knew about the [network] halt before …
Monthly archives: June 2022
Biggest Movers: ATOM Falls Towards Multi-Week Low, as GRT Extends Recent Losses
ATOM fell towards a three-week low on Thursday, as crypto markets were victim to yet another red wave. Overall, markets are down nearly 5% as of writing, with GRT dropping by almost 10% lower on the day. Cosmos (ATOM) ATOM dropped towards a three-week low during Thursday’s session, as global crypto markets were nearly 5% …
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Bitcoin Block Data Shows Top 5 Pools Retained Over 71% of the Global Hashrate Last Month
During the last 30 days, the price of bitcoin has lost more than 22% against the U.S. dollar but during that time, Bitcoin’s hashrate has remained above 200 exahash per second (EH/s). While 16 known mining pools mined the leading crypto asset during the last month, the top five mining pools retained 71.4% of the …
Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,800, BTC Once Again Falls Under $30K
Despite a strong start to the week, bitcoin fell below $30,000 on Thursday, as crypto bears returned to action. Following an uncertain day of trading yesterday, bearish momentum has taken charge of markets, with ETH also in the red. Bitcoin Following a strong start to the month, BTC fell lower, dropping below $30,000 on the …
Tough Crypto Law Expected in Russia Despite Central Bank’s Softer Stance on Crypto Payments
The bill “On Digital Currency,” meant to comprehensively regulate crypto transactions in Russia, will be a “tough” law, according to the head of the State Duma Financial Market Committee. The legislation is yet to be finalized and will not be reviewed by lawmakers in the near future, Anatoly Aksakov revealed in an interview, despite Bank …
Crypto community criticizes anti-crypto letter sent to US lawmakers
Crypto lobbyists have increased significantly over the past year, which has attracted the attention of anti-crypto individuals in the tech sector. These individuals are now urging regulators to stay away from the cryptocurrency sector and resist the bad influence posed by blockchain supporters. Crypto community criticizes anti-crypto letter The letter was signed by 26 personalities …
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US energy company collaborates with Middle East country for crypto mining
The amount of energy consumed during cryptocurrency transactions has been a heated topic. Some countries are even considering a ban on proof-of-work (PoW) mining, but this has not prevented the expansion of crypto mining activities. US energy company to launch crypto mining in Oman One of the contentious issues about crypto mining is the use …
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Morgan Stanley says crypto venture capital could drop by half this year
The cryptocurrency market has witnessed a notable decline this year, lowering the amount of investment pouring into the sector. Strategists from Morgan Stanley now believe that crypto venture capital funding could drop by 50% by the end of the year. Crypto venture capital could drop Since the beginning of 2021, the cryptocurrency sector has attracted …
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Fail better: Scott Melker on defying the odds with crypto trading
Scott Melker, better known as The Wolf of All Streets, is a trader and crypto advocate who is far more approachable than his online handle might suggest. A former DJ, Melker operates a small crypto advocacy empire spanning YouTube videos, podcasts and a popular newsletter. Scott Melker is open about his initial intentions in the …
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Mental health and crypto: How does volatility effect well-being?
The crypto world is well known for its volatility. Especially in the early days, digital assets experienced wild price swings, gaining or losing double-digits in the course of a day. It appears that the current bear market is no exception to this trend. While wild price swings provide opportunities to make gains — if you’re …
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Gemini’s Winklevoss Brothers Blame Crypto Winter for 10% Staff Cut
The Gemini Exchange has cut 10% of its workforce. The Winklevoss brothers said that it was because of recent market conditions. Other exchanges are also executing layoffs or pausing growth plans. Gemini Trust is beginning to experience the effects of the recent market crash as the Winklevoss Twins-led company cut 10% of its staff. This …
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Ethereum Rises Above $25 Billion Mark For All Time NFT Sales
Summary: The OG chain continues to lead the non fungible token pack. ETH’s blockchain crossed $25 billion in NFT sales for all time at the end of May. The landmark moment solidified Ethereum’s position above competitors like Ronin and Solana. The mammoth network also achieved the feat despite dwindling NFT trading volumes and the cooldown …
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Terra Classic Price Prediction: LUNC Runs in a Descending Pattern
Terra Classic (LUNC) Price Prediction – June 2The LUNC/USD market operation has run in a descending trading pattern just since its inception two months ago in crypto-economy transactions. Its all-time high value is at $119.18, and the all-time low is $0.00001675, showing a loss record so far. Price is trading around $0.00009741 at a positive …
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LUNC is Back on eToro – But Might go Away Later
On May 30th, Terra 2.0’s token, LUNA, which was meant to spring life back into the token, wiped out 70% of its wealth within 48 hours. The knee-jerk reaction of the bear market also caused the old LUNA, now LUNA classic, LUNC to go down in value by 100%, leading to its removal from major …
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An Insight into Web3 Technology
If you are still staying aloof from the Web3 craze, then let me tell you that you are unintentionally putting yourself behind the thousands of people already at the forefront of the modern Internet. Missing out on an opportunity that is something as huge as Web 3.0 is like giving away a gold treasure to …