The Terra (LUNA) crash will go down in crypto history as one of its most catastrophic events. Billions of people lost their life savings and investments. In the meantime, a small group of insiders benefited. Related Reading | LUNA Classic Jumps 90% Following Support From Crypto Exchanges According to a report from Arcane Research analyst Anders …
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The daily pump & dump is a weekday update on the crypto market providing you with an abbreviated breakdown of price action related to Bitcoin, Ethereum, and other trending altcoins. Today’s summary: Bitcoin reclaims $30,000 over memorial day weekend How Ethereum could lose its head against BTC What’s going on with Cardano? 5 BTC + 300 …
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Data shows Bitcoin long-term holders have realized a significant amount of losses recently, a sign that the final capitulation before the bottom may be here. Bitcoin Long-Term Holder SOPR Shows Average of 27% Losses Being Realized This Week According to the latest weekly report from Glassnode, BTC long-term holders seem to have harvested some losses …
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Ethereum is making progress towards its transition from a Proof-of-Work (PoW) consensus to a Proof-of-Stake consensus algorithm. In an event dubbed as “The Merge”, the current network and its decentralized application will begin operating on the latter. Related Reading | Analyst Hints Huge Chances For Ethereum Killers To Surge, Sides With Solana And AVAX Core ETH …
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Executives at two of Australia’s “big four” banks have ruled out allowing retail customers to trade cryptocurrency on their platforms, with one reasoning that customers don’t understand “basic financial well-being.” Speaking at the Australian Financial Review Banking Summit on Tuesday Maile Carnegie, executive for retail banking at Australia and New Zealand Banking Group (ANZ), said …
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One metric indicates Bitcoin (BTC) is getting close to the end of its “cyclic bottom,” according to Ki Young Ju, chief executive of on-chain insights platform CryptoQuant. Unspent transaction output (UTXO) age bands are “a set of all active supplies that were last moved within a specified age band,” and they track the trading behavior of …
A firm that provides comparative data for investors is taking a deep dive into the safety of cryptocurrency exchanges. In a new study, the Malta-based BrokerChooser analyzes 20 of the world’s most popular crypt marketplaces in a variety of metrics to determine which are the safest for investors. Taking the top spot with a rating …
The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea, the birthplace of its’ creator, was the most concerned country of them all. Amid signs that Terraform Labs co-founder Do Kwon was facing legal trouble in South Korea, the country’s ruling party announced Tuesday …
May was an incredibly challenging month for the cryptocurrency market as a majority of tokens booked heavy losses as a bear market was confirmed, but not every project dropped back to pre-bull market lows. Chain (XCN), a protocol designed to help organizations launch their own blockchain network or connect with other more established networks, managed …
On Tuesday, the United States Federal Reserve released a study on the possible effects of a retail central bank digital currency (CBDC) on U.S. monetary policy implementation. The study, dated April, was a staff working paper titled “Retail CBDC and U.S. Monetary Policy Implementation: A Stylized Balance Sheet Analysis.” The paper considered four scenarios that …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! South Korea set a $117.1 million budget to invest in the metaverse and became one of the first governments ever officially to do so. This earmark results from the country’s long-term plans regarding the metaverse, which could provide a blueprint to other …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The collapse of TerraUSD (UST) and its sister token Luna Classic (LUNC) has created an urgency for governments across the globe to reign in the crypto market. The U.K. has joined the league of countries trying to regulate the digital asset …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! FTX and Ripple, two major crypto companies, recently told CNBC they are well-capitalized enough to be on the lookout for acquisitions that would boost their growth. FTX has already acquired firms that helped it grow in users and transaction volumes. Now, it …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Digital assets investments products saw $87 million in inflows during the week of May 23, despite a mostly bearish market sentiment, CoinShares weekly report reveals. Bitcoin sees inflow in bearish market The latest report shows that Bitcoin (BTC) saw $69 million …
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The Brazilian Development Bank has officially launched the Brazilian Blockchain Network, a structure designed to aid other institutions in the country in increasing public transparency. The launch, which was also assisted by the Court of Accounts of the Union, serves to call more institutions to adhere to this project, which aims to have its first …
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