Terra (LUNA) Sold 80k Bitcoins, But BTC Price Might Not Drop Below $20K. Here's Why
The cryptocurrency sector was founded on both transparency and anonymity. Even Bitcoin's developer used a fictitious name, and the world may never know who was behind one of the most innovative financial inventions ever devised. However, there are many diamonds in the rough among the sea of unknown merchants, much as Satoshi's successes and efforts …
Timeline of Bitcoin, Terra-luna
Bitcoin Dominance Rate (BTCD) Bounces Sharply After Triple Bottom Pattern - BeInCrypto
After creating a bullish pattern, the Bitcoin Dominance Rate (BTCD) has broken out from a nearly yearlong descending resistance line. The post Bitcoin Dominance Rate (BTCD) Bounces Sharply After Triple Bottom Pattern appeared first on BeInCrypto.
Amidst Terra's Drastic Crash, The LFG sold 80,082 From Its BTC Reserves - CoinPedia
The whole crypto space was under a catastrophic drop after the Terra (LUNA) token bottomed 99% in just two days where the Blockchain's stablecoin UST depegged leading to the crypto crash. LUNA was created by Terraform Labs with algorithmic stablecoin TerraUSD (UST) in order to maintain its $1 peg. However, the blockchain's UST stablecoin bottomed …
Bitcoin back to below $30,000 - Cryptoverze
Cryptocurrencies continued to decline on Monday, giving up the gains of deficiencies over the weekend, as regulators continued to patrol. Warnings of risks posed by cryptocurrencies have been reaffirmed by European officials. On Monday, Bitcoin fell 5% to around $29,700 in Asian trade, slipping alongside stocks because of rising interest rates and high inflation worries....
Why There is no Profit for Small Bitcoin Miners in 2022 - Coin Idol
Due to the exponential rise of the bitcoin difficulty factor, frustrated bitcoin miners are storming the Ethereum network. According to the Cryptocurrency Mining Index, a large number of miners are shifting their hashing power to the Ethereum blockchain. According to blockchain.com, the current bitcoin difficulty factor is 29.8 trillion.
Bitcoin, Ethereum Technical Analysis: BTC Below $30,000 to Start the Week - Bitcoin
Following a volatile weekend of trading, cryptocurrency prices consolidated to start the week, with BTC close to its long-term floor. Overall, bitcoin was trading marginally below $30,000, with ETH hovering slightly above $2,000. Bitcoin BTC started the week trading below $30,000 following a volatile weekend of trading, which saw prices mainly consolidate. Following a rise
Bitcoin Briefly Recovers as Holders Maintain Positivity on Further Rise - Crypto news
Bitcoin briefly recovered above the $30,000 level and its 100-hour simple moving average. The top crypto by market capitalization has had a rough past week as its price nosedived below the $25K level, causing panic across the crypto market.
Celsius announces plans for an IPO of its bitcoin mining subsidiary - The Block
The crypto lending platform has revealed plans to list its mining subsidiary on the stock market. The post Celsius announces plans for an IPO of its bitcoin mining subsidiary appeared first on The Block.
Luna Foundation Guard reveals its $3 billion reserve is down to $87 million - Cryptopolitan
After days of public speculation, the Singapore-based Luna Foundation Guard (LFG) has finally revealed the current balance of its billion-dollar Bitcoin holdings, including other digital currencies in their reserves, before the UST and LUNA ordeal. The foundation is also looking to compensate users affected after the algorithmic stablecoin lost its peg.
FTX Founder Says Bitcoin Fails as Payments Network - PYMNTS
Bitcoin's future as a payments network is weak due to its inefficiency, high environmental impact and lack of ability to scale, CEO and founder of crypto exchange FTX Sam Bankman-Fried told the Financial Times in a Monday (May 16) report. “The Bitcoin network is not a payments network and it is not a scaling network,”
Terra's Do Kwon Liquidated the South Korean Arm of Terraform Before LUNA & UST Crisis - Cryptonews
New reports fuelled speculations that Do Kwon (real name Kwon Do-hyeong) may have been aware of a storm brewing for the terra (LUNA) platform – and that the Terraform Labs mastermind may have taken action to dissolve domestic parts of his company as early as last month in anticipation.