Terra (LUNA) Backer Continues Bitcoin-Buying Spree, Acquires Another $1,500,000,000 in BTC

Public blockchain Terra (LUNA) is resuming its Bitcoin (BTC) shopping frenzy even as the cryptocurrency markets experience a roller coaster of price action. Luna Foundation Guard (LFG), the non-profit organization built to support Terra, announces that it just bought nearly 38,000 Bitcoin by way of over-the-counter (OTC) swaps with Genesis Capital and Three Arrows Capital The post Terra (LUNA) Backer Continues Bitcoin-Buying Spree, Acquires Another $1,500,000,000 in BTC appeared first on The Daily Hodl.

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May 5, 2022 – London, United Kingdom Metaverse platform Terra Virtua has joined Williams Racing as its official metaverse partner. The multi-year partnership begins this weekend as the Formula One racing team takes to the track in Florida for the first-ever Miami Grand Prix. The collaboration will celebrate one of British motorsport's most innovative and The post Terra Virtua Joins Williams Racing As Official Metaverse Partner appeared first on The Daily Hodl.

Data shows liquidations in the crypto futures market have amounted to around $500 million over the past day as the price of Bitcoin plunges below $36k. About $500 Million Liquidated In Crypto Futures Over Last 24 Hours In case anyone's not aware of what “liquidations” are, it's best to first see a basic overview of

On-chain data shows Bitcoin short-term holders seem to have been behind the latest selloff that has taken the price of the crypto below $36k. Bitcoin Investors Holding Coins Aged Between 1 Day And 6 Months Sold Big Yesterday As pointed out by an analyst in a CryptoQuant post, short-term holders seem to have sold the heaviest during the recent selloff.

Widely-followed crypto analyst Benjamin Cowen is predicting that Bitcoin (BTC) will trade without a clear direction over the coming months. In a new strategy session, Cowen tells his 732,000 YouTube subscribers that Bitcoin is likely to experience “fairly choppy months ahead” as the Federal Reserve intensifies its inflation-fighting efforts, including raising interest rates. “As the The post Top Crypto Analyst Benjamin Cowen Says Bitcoin (BTC) To Experience Choppy Months Ahead – Here's Why appeared first on The Daily Hodl.

Two members of the US Senate are writing a letter to financial services giant Fidelity presenting issues with the firm's new plans to offer Bitcoin (BTC) as an option for 401(k) retirement plans. In a letter penned to Fidelity CEO Abigail Johnson, Senators Elizabeth Warren of Massachusetts and Tina Smith of Minnesota express doubts about The post Two US Senators Pen Letter to Fidelity CEO Detailing Concerns With Proposed Bitcoin 401(k) Retirement Plans appeared first on The Daily Hodl.

Senator Elizabeth Warren and Tina Smith have written a letter to Fidelity over its decision to allow Bitcoin investments in its 401(k) plans.  The letter asked the investment firm why it failed to heed the Department of Labor (DOL) warning regarding crypto investments as part of pension retirement plans.

Quick Take A failsafe reserve used by high-yield lending protocol Anchor Protocol has declined by over 43% in the last month. The protocol is hoping to try to find an equilibrium to stay afloat but it may need another influx of cash.

Widely-followed crypto analyst Justin Bennett says Bitcoin (BTC), Ethereum (ETH), and VeChain (VET) should all expect lower lows before their next legs up. In the latest edition of the trader's Crypocademy newsletter, Bennett forecasts that BTC will drop to $35,000 before bouncing back up. “Bitcoin is bouncing today from the $37,600 area, which served as support in The post Top Crypto Trader Says Bouncing Bitcoin (BTC) To Test Lower Lows, Examines Ethereum (ETH) and VeChain (VET) appeared first on The Daily Hodl.

Admit it – Bitcoin's rally slowed down and went into reverse and maybe you found yourself not just losing faith in cryptos, but also metaverse tokens and NFTs. Maybe you even wondered if the NFT era was over.

A popular crypto trader is giving a gloomy forecast for Bitcoin (BTC) and Ethereum (ETH) as the two largest crypto assets by market cap plunge deeper into the red territory. Pseudonymous crypto analyst Capo tells his 265,300 followers on Twitter that Bitcoin is in a downtrend and warns that buying BTC when the price seems The post Top Crypto Trader Warns of an Unfolding Bitcoin (BTC) Bull Trap, Predicts Ethereum (ETH) Will Drop Over 50% appeared first on The Daily Hodl.