Despite the majority of tokens trading in red on Thursday, AXS was up by over 20% in today’s session. While LUNA dropped below $0.01 earlier today, MATIC was another notable crypto to fall, dropping to its lowest point since last April. Axie Infinity (AXS) AXS was one of the biggest gainers in crypto markets on…
Read more
Bitcoin price action appears to be back with a bang as record-breaking long leverage builds on Bitfinex. Bitcoin (BTC) bulls demanded a rematch of $30,000 later on May 12 as the market recovered from its lowest levels since late 2020. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView DXY looms large as BTC recovers Data from…
Read more
Elon Musk could play a key role in reviving the Dogecoin market from the ongoing, TerraUSD-led bearish slumber. Dogecoin (DOGE) shows the prospect of undergoing a strong price rebound after reaching a technical support confluence on May 12. DOGE price 25% bounce incoming? DOGE’s 45% price drop to $0.065 this week, or a 90% decline…
Read more
The world’s largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In addition, crypto exchange Gemini has denied making a bitcoin loan that resulted in the terra collapse. Blackrock, Citadel Securities, Gemini Deny Rumors Following the collapse…
Read more
Tokenomics emerged as a popular concept in the crypto space in 2017 as a way to incentivize certain behaviors on blockchains through the use of tokens. The idea is that by aligning the economic incentives of a project with its users, you can more effectively drive adoption and usage. One area where tokenomics have been…
Read more
The two most-discussed tokens this week – luna (LUNA) and terraUSD (UST) kept moving lower, despite the team behind these projects announcing “three more emergency actions” in an attempt to save the UST algorithmic stablecoin…. Read More: LUNA Dives Below USD 0.05, UST Trends Lower Despite New Rescue Plans Read more »Pay, Trade, Buy…
Read more
Nubank, Brazil’s largest digital bank, is set to invest 1% of its portfolio in bitcoin (BTC), and will begin rolling out functions that allow its app users to buy, sell, and hold BTC and ethereum (ETH). Per the media outlet Exame, the neobank will convert 1% of its equity to bitcoin via its holding…
Read more
Bitcoin dominance has spiked to six-month highs at Ethereum’s expense as ETH/BTC suffers big losses. Ethereum’s native token Ether (ETH) plunged to its lowest level in almost two months against Bitcoin (BTC) as a crypto market sell-off intensified on May 12. Macro headwinds catch up to ETH/BTC finally The ETH/BTC trading pair fell by 7.5% to 0.0663…
Read more
A panic across the crypto market early Thursday morning in Europe put the stablecoin tether (USDT)’s US dollar peg under pressure, with the token trading as low as USD 0.91 on some exchanges. The crash has led some to wonder why arbitrage traders don’t seem to want “free money.”… Read More: Market Panic Puts…
Read more
One billion USDT will be transferred to the Ethereum blockchain, while another 20 million USDT will go to Avalanche. Following recent developments in the sphere of stablecoins, Tether (USDT) has announced that it’s coordinating a chain swap to transfer USDT assets from Tron’s TRC20 to Ethereum and Avalanche’s blockchain. In a Tweet, Tether said that…
Read more
