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Number of Busted Illegal Crypto Mining Farms in Iran Nears 7,000
14.5.2022
Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal bitcoin farms were concentrated in five provinces of the Islamic Republic, including Tehran. Iran Continues...
Crypto Market Rout Pulls the Floor out From Blue-Chip NFTs, Weekly Sales Down 64%
14.5.2022
As markets slid in value during the past week, non-fungible token (NFT) floor values have dropped considerably. Blue-chip NFT collections like Bored Ape Yacht Club (BAYC), Cryptopunks, and more have seen their floor values drop between 2-25% in the last 24 hours. NFT Floor Values Take a Significant...
Bitcoin, Ethereum Technical Analysis: ETH Back Below $2,000, BTC Down 6% to Start the Weekend
14.5.2022
Following a strong rebound on Friday, crypto prices moved back into the red today, with BTC falling below $30,000 to start the weekend. ETH also moved lower, as its own price slipped below the $2,000 level during Saturday’s session. Bitcoin On Saturday, bitcoin’s price fell below...
First Mover Asia: Terra’s Planetary Collapse Is Taking Down Crypto Lending; Altcoins Plummet
13.5.2022
Data suggests that many traders are moving their assets from DeFi protocols; bitcoin rallies after falling below $26,000 in Thursday trading
OpenSea Plans a System to Crack Down on Fake NFTs
12.5.2022
OpenSea is soon looking to implement a system that helps the platform identify and spot the non-fungible token that is fake or copy-mint of the original work. Additionally, the system will assist OpenSea in verifying its users’ accounts. Highly developed systems and trained humans will...
Bitcoin Dominance Rises as ETH/BTC Breaks Down
12.5.2022
The bitcoin (BTC) dominance – bitcoin’s share of the overall crypto market capitalization – has risen sharply over the past two days, as the price of ethereum (ETH) has broken lower against BTC.
Since Wednesday this week, the bitcoin dominance has risen from under 42% to 44.3% as of Thursday...
Twitch Streamer Nearly Burns Down Kitchen
12.5.2022
Streamer Kjanecaron was doing a subathon earlier today for her 92,000 followers and decided to spend some of that time doing some cooking. It was a bad idea.Read more
Crypto Fund Arca Doubled Down on UST Amid Stablecoin’s Collapse
11.5.2022
“UST will ultimately maintain its peg,” the hedge fund told partners Tuesday in a note obtained by CoinDesk
ApeCoin is down 70%+ since the Otherside launch — Can Yuga Labs turn the ship around?
11.5.2022
A botched minting process and the collapse of Otherdeed’s price have taken a toll on ApeCoin, leading investors to question APE’s future utility and value
Biggest Movers: SOL, NEAR, and AVAX Drop More Than 20% Lower on Wednesday
11.5.2022
Solana, NEAR and AVAX were all trading over 20% lower on Wednesday, as global crypto markets continued to fall on hump-day. The cryptocurrency market cap is currently down 6.35%, as traders continued to digest the recent crash in the price of LUNA and UST. Solana (SOL) Solana was down by over...
Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions
11.5.2022
Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to the current $139.81 billion. The sudden value drop stemming from Terra’s native assets, LUNA and UST, has pushed...
5 US States Issue Emergency Orders to Shut Down Metaverse Casino With Alleged Russian Ties
11.5.2022
Regulators in five U.S. states issued emergency orders on Wednesday requiring a metaverse casino with alleged Russian ties to immediately halt the sale of its non-fungible tokens (NFTs), citing fraud, deceit and registration violations
Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy
11.5.2022
During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value against the U.S. dollar in 24 hours. Terrausd has slipped 67% lower...
Bitcoin and Ethereum Fluctuate, LUNA Down 94%, MKR Rallies
11.5.2022
Bitcoin price settled above the USD 31,500 level. However, BTC is still facing a strong resistance above USD 32,000 and near USD 32,500. It is currently (11:48 UTC) consolidating near USD 31,600 and is almost unchanged in a day and down 16% in a week.
Similarly, most major altcoins are looking...
Bitcoin and Ethereum Struggle, LUNA Down 84% while Altcoins Show Signs of Recovery
11.5.2022
Bitcoin price started an upside correction above the USD 31,000 level. BTC even climbed above USD 32,000 but struggled near USD 32,500. It is currently (04:03 UTC) trading near USD 31,300 and is up 2% in a day and down 17% in a week.
Similarly, most major altcoins are facing hurdles. ETH...
Bitcoin Is Down, but You Don't Have to Be
10.5.2022
Biggest Movers: LUNA Loses 50% of Its Value, While XMR and AXS Declines Continue
10.5.2022
LUNA was down by over 50% in today’s session as markets continued to react to UST losing its parity with USD. As such traders lost faith in the stablecoin founded by Do Kwon, which dropped to its lowest point since September. Whilst LUNA stole the headlines, XMR and AXS also saw recent...
Argentina Bears Down on Crypto Miners Amid Power Shortage
10.5.2022
Some registered companies saw a 400% increase in their electricity bills in March, while unregistered miners do not plan to stop using subsidized residential tariffs
UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation
10.5.2022
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on whether it will fail or recover....
As LUNA’s Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below $1 Parity to $0.93
9.5.2022
As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s stablecoin terrausd (UST) has lost stability, dropping to $0.932008 per token. Additionally, the Luna Foundation Guard’s bitcoin wallet...