Bitcoin network transactions and fees surge amid investor de-risking
Investors are urgently sending Bitcoin into exchanges in order to either de-risk their portfolio or to protect margin positions with more collateral according to Glassnode’s latest report.
Binance Suspends LUNA and UST Token Withdrawals
LUNA token down is 52% on-day while UST is trading at 76 cents.
Metaverse Land Prices Are Falling: Is There A Buying Opportunity?
Metaverse land prices have been falling for weeks. But could this be an opportunity to buy? Land prices in Otherside, the most popular metaverse project of recent times, have lost…
Crypto bloodbath: Terra ecosystem hit hard; LUNA, UST dip by 60%, 40%
Crypto investors’ portfolios had been bleeding over the past few days. The RoI figures, however, became even more blood-soaked on Monday. With Bitcoin dipping below $30k for the first time…
Galaxy Digital Chief Predicts Crypto Mayhem Might Not Be Over — Here’s Why
Galaxy Digital CEO Michael Novogratz is expecting that the virtual asset market will be “volatile and difficult” for the next few quarters after posting weak results in Q1 2022. Novogratz…
Nigeria upgrades CBDC as crypto restrictions cripple fintech industry
Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation’s fintech…
Terra (LUNA) Crypto Founder Says ‘Failure Of UST Is Equivalent To The Failure Of Crypto Itself’
What Happened: In an interview with Fungible Times, Do Kwon, founder of the Terra (CRYPTO: LUNA) protocol, said that Terra intends to be the largest single holder of Bitcoin (CRYPTO:…
Ljubljana, Slovenia is the Most Crypto-Friendly City in Europe: Here’s Why
Ljubljana has come out on top in a new survey which illuminates just how far ahead Slovenia is when it comes to cryptocurrency adoption. Cryptocurrencies are becoming increasingly popular as…
Terra (LUNA) Crashes 45% As UST Stablecoin Massively Loses Peg Again
The native token of the Terra (CRYPTO: LUNA) blockchain crashed 56% over 24 hours as its stablecoin, TerraUSD (CRYPTO: UST), lost its peg for the second time in 48 hours.…
UST Stablecoin Veers Wildly From Dollar Peg. Here’s the Latest
By tapping into its bitcoin reserves, UST’s salvation may have exacerbated a bitcoin sell-off that brought BTC to its lowest price since July 2021.