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Do Kwon's USD 1M Bet Doesn't Look Good as LUNA Crashes

11.5.2022
  Do Kwon, co-founder and CEO of Terraform Labs, the entity behind Terra (LUNA), found himself in a peculiar position with his bet that LUNA would stay above USD 88 - as the coin dropped over 90% in a single day. In mid-March, Do Kwon took a bet with pseudonymous Twitter user Sensei Algod,...

XRP Retests $0.50; Should You Wait for Bulls?

11.5.2022
XRP and its SEC lawsuit impact the overall price of the token, and investors keep distancing from XRP tokens. Even if XRP is labeled as a security, the underlying technology that rivals the payment speeds of Mastercard and Visa could be a breakthrough to transfer digital payments. Recent...

LUNA, UST Move Closer to Zero, as Do Kwon Asks Holders to ‘Stay Strong’

11.5.2022
Do Kwon has urged holders of LUNA to “stay strong,” as the price moves ever closer to zero. Following the UST stablecoin losing parity with USD, prices have plunged, falling to a new low this morning. LUNA, UST Tumble Toward Zero As of writing, LUNA/USD is trading at $5.45, which...

Saylor Defends Microstrategy’s BTC-Backed $200M Loan

11.5.2022
The business intelligence software provider MicroStrategy recently got a $205 million loan from the Silvergate Bank. The move soon faced criticism from investors as they were concerned about the company’s Bitcoin position during margin calls. Now, CEO Michael Saylor assured that the company...

Bitcoin Tests USD 30K, Ethereum Dives, LUNA Halves as UST Loses Peg

10.5.2022
  Bitcoin price remains in a strong downtrend below the USD 35,000 support level. BTC even dropped below USD 30,000 before recovering. It is currently (04:44 UTC) correcting losses and trading near USD 30,800, but upsides might be limited above USD 32,500. BTC is down almost 9% in a day and 20%...

Bitcoin Slides Below USD 33K, Analysts Look for Possible Bottom

9.5.2022
Bitcoin (BTC) crashed to its lowest level since last summer as the number one cryptocurrency hit the USD 32,000 level. The Monday crash came as the broader crypto market sold off over the weekend, led by falling stock prices and fears that terraUSD (UST) could lose its dollar peg. Meanwhile...

Solana Breaches the Crucial Support of $81; Time to Sell SOL?

9.5.2022
Solana is considered the closest competitor to Ethereum, mainly because of its massive institutional banking and unparalleled speed. However, SOL has seen its fair share of network issues over the last few months, and SOL has fallen far from its all-time high. This has left many wondering whether...

Shiba Inu May Correct Further; Will SHIB Hit $0.000010?

9.5.2022
Shiba Inu reached its local support level, which helped a bounce back during January 2022. Currently, we are witnessing a broader negative sentiment on the entire crypto space, which is evident since assets started to breach their 200 and 100 days moving average value. SHIB, since January 2022,...

Bitcoin Drops Below USD 33K, Ethereum Slides More, Altcoins Tumble

9.5.2022
  Bitcoin price extended its decline below the USD 35,000 support and dropped below USD 33,000. It is currently (11:45 UTC) trading near USD 32,900 and is down over 5% in a day and almost 15% in a week. Similarly, most major altcoins extended their decrease. ETH moved below USD 2,400 and is down...

Ethereum Stuck Around $3K; Will ETH Record a Bull Run Soon?

6.5.2022
Ethereum price trends over different time frames offer different perspectives. Based on the charts, it is the best time to hold ETH. However, the market share of ETH’s competitors is seen to be rising, or is Ethereum just taking a much-needed break before the next big bull run? Well, if we take...

Bitcoin Drops Below USD 36K, Ethereum Down 9%, Altcoins Keep Sliding

6.5.2022
  Bitcoin price started a strong decline below the USD 40,000 resistance zone and settled below the USD 37,500 level to move into a bearish zone. It is currently (11:49 UTC) down almost 10% and is trading near USD 35,800. Similarly, most major altcoins are gaining bearish momentum. ETH broke...

Juno’s Developer Sends $36 Million to an Inaccessible Address

6.5.2022
Juno recently sent $36 million to an inaccessible wallet due to a typo caused by one of the developers. A total of 3 million Juno tokens were transferred initially meant to be driven to a wallet controlled by the holders of Juno tokens. The community has voted to seize the amount from the investor...

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