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Magic Internet Money token depegs as Terra (LUNA) domino effect persists
18.6.2022
Citing an insider scoop, Autism Capital claimed that Abracadabra accrued $12 million in bad debt as a direct result of Terra’s sudden downfall, which has been refuted by founder Daniele Sestagalli
Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity
13.6.2022
After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron’s founder Justin Sun spoke about traders shorting the digital...
Report: Kenyan and Nigerian Central Bankers Attack Cryptocurrencies but Endorse CBDCs
13.6.2022
Cryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said. In addition, the bankers claim that cryptocurrencies also pose a risk to financial stability. Narrowing the Financial Exclusion Gap The Nigerian...
Hong Kong Regulator Reminds Investors of Risks Associated With NFTs
9.6.2022
Hong Kong’s securities regulator has warned investors to be wary of risks that are associated with non-fungible tokens (NFTs). The regulator also advised investors to consider investing in NFTs only if they fully understand the risks. NFTs ‘Straddle the Line Between Collectibles...
Biggest Movers: LINK Remains Near 1-Month High, as ADA Extends Bull Run
8.6.2022
LINK remained close to a one-month high earlier in today’s session, as crypto markets shook off some of Tuesday’s volatile moves. Although price volatility remained, bulls returned to show force, with ADA continuing to climb higher this week. Chainlink (LINK) LINK was trading around...
Bitcoin, Ethereum Technical Analysis: BTC Continues to Consolidate, Prices Move Slightly Above $30,000
8.6.2022
Bitcoin moved away from Tuesday’s lows during the hump-day session, as prices were once again above $30,000. Prices have been hovering above and below this level over the last few weeks, with no significant gains in the period. ETH was also marginally higher. Bitcoin The volatility in crypto...
Citi Says Crypto Market Volatility Has Affected User Adoption
8.6.2022
Concerns about stablecoins following UST’s collapse have exacerbated declines in digital asset prices, the bank said
Fed forgets long-term dollar devaluation when pricing eggs in BTC
7.6.2022
The U.S. Federal Reserve has released a blog post showing the instability of Bitcoin against the U.S. dollar when buying eggs, however, the crypto community was quick to point out the reality of the situation
Market Wrap: Cryptos Climb Amid Lower Volatility; Sentiment Improves
6.6.2022
Bitcoin (BTC) has avoided significant downswings in price over the past two weeks. However, option traders continue to hedge against downside risk
Australian Mayor downplays crypto volatility, recommends it for rates payments
6.6.2022
"The volatility is not that bad” - Australia’s Gold Coast Mayor suggests crypto could be used to pay local taxes in the future
Czech Central Bank Plans Tenfold Increase in Gold Holdings, New Governor Says Precious Metal ‘Good for Diversification’
4.6.2022
The incoming governor of the Czech National Bank (CNB), Aleš Michl, has said he plans to increase the institution’s gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also said he will ask the bank’s foreign exchange reserves management team to invest...
Mental health and crypto: How does volatility effect well-being?
2.6.2022
Crypto addiction has become a new disease for investors: Who is affected, how to understand that you have problems and who can help
Latin American Investors ‘Hoping to Ride Crypto Prices to the Moon’ as Adoption Set to Continue
31.5.2022
A report on the state of crypto in the Latin America region has concluded that adoption is likely to continue apace for the rest of the year – and will find fertile ground for growth in the world of cross-border payments and “crypto credit cards.”
The report was issued by Americas Market...
Bitcoin, Ethereum Technical Analysis: ETH Selloff Intensifies Heading Into the Weekend
27.5.2022
ETH was trading lower for a third straight session on Friday, as prices neared an 11-month low. This comes whilst the overall cryptocurrency market cap was down almost 1% as of writing. Bitcoin was slightly higher despite today’s increased volatility. Bitcoin Bitcoin marginally rose during...
Fed Has ‘Limited Firepower’ for Rate Hikes, Current Expectations Already Priced in for Bitcoin - CoinShares
27.5.2022
The US Federal Reserve (Fed) has “limited firepower” to raise interest rates due to high oil prices and a threat of recession -- and this could lead to higher bitcoin (BTC) prices, the crypto research and investment firm CoinShares has said. Meanwhile, others also remain positive for...
Market Wrap: Metaverse Tokens Rise; Crypto Analysts Expect More Volatility
25.5.2022
Bitcoin (BTC) and other cryptos were mixed on Wednesday. Although, some metaverse tokens such as MANA and SAND outperformed. Analysts expect higher volatility if a breakout or breakdown in BTC occurs
Market Wrap: Bitcoin and Stocks Dip as Volatility Spikes
18.5.2022
Bitcoin (BTC)dipped below $30K again as volatility ticked higher. Meanwhile, option traders continue to hedge against further price declines
Bitcoin shakes of Fed volatility as analysts remain split on return under $24K
18.5.2022
Bitcoin could reach its highest since the Luna meltdown next, one trader argues, while others feel that the bottom is not yet in
Market Wrap: Cryptos Mixed as Volatility Fades, Traders Expect Weak Recovery
16.5.2022
Bitcoin (BTC) was roughly flat on Monday as several alternative cryptos (altcoins) underperformed. Analysts expect prices to stabilize as volatility fades
Terra (LUNA) trading volume surge 200% as market adjusts to death spiral
15.5.2022
Despite the risks involved, Terra’s ‘insane volatility’ still serves as an attractive market for many short-term investors — mainly because LUNA momentarily gained 600% in value on May 14