As per today’s Wall Street Journal article, struggling cryptocurrency hedge firm Three Arrows Capital (3AC) is focusing on negotiating a bailout arrangement. The failure of Terra, one of the largest blockchain projects, which entirely collapsed in early May, had a significant impact on the cryptocurrency industry. Three Arrows Capital, Kyle Davis, speaks about the firm’s...Read More
Cryptocurrencies, which had surged on June 15 after US Federal Reserve Chair Jerome Powell sounded a firm inflationary stance, gave up their gains yesterday amid renewed market concerns about increasing prices, global turmoil, and a potential recession. Meanwhile, in an attempt to ease fears about spreading risks from the alleged problems at crypto hedge fund...Read More
After incurring significant losses earlier this week, the Bitcoin and Ethereum prices managed to hold support this Thursday as stock markets jumped Wednesday afternoon briefly amid the Fed raising interest rates by 75 basis points to fight inflation. The last time interest rates were as high as they are right now was two years ago...Read More
Another algorithmic stablecoin appears to be in danger of losing its peg following the UST-Terra debacle. Investors are also currently in fear of having to face the same fate as Terra’s UST historical fall. USDD is a stablecoin that runs on TRON’s blockchain and has a similar algorithm to UST but is tethered to TRX....Read More
The crypto-lending firm Celsius, which offers high-yield returns on user deposits, appears to be the latest to falter in the face of tightening financial conditions. It also came barely one month after the Terra-Luna stablecoin network collapsed. Background Celsius Network is a blockchain-based lending platform accessible through a free mobile app. Celsius Network is a...Read More
It is a known fact that the crypto space is now in the middle of a notable bear market which is yet to find its bottom. The star crypto, Bitcoin, currently appears struggling to restore the last line of defence above $20,000. In such a case, the crypto market tumbles down heavily and at the...Read More
Even with the Fed raising interest rates by unprecedented amounts, last week’s Consumer Price Index (CPI) numbers showed a further 6% gain. Record gas prices continue to drive inflation at an incredible rate, causing uncertainty in global markets. Since the Bitcoin and Ethereum prices continue to follow stock market actions, we’re seeing further losses as...Read More
Streamflow is pleased to announce a $3.1 million seed round headed by Jump Crypto and including participation from other investors like Solana Ventures, GBV, MEXc Labs, Paribus Ventures, Hypersphere, IVC, Genblock Capital, AngelDAO, T3E, AmberGroup, Solidity Ventures, Ratio Finance, and Huobi Ventures The funds received will be used to expand the team and develop a...Read More
The bearish blues hover over Terra’s LUNA price as the crypto market’s recent crash has put all the coins under pressure once again. For Terra, mid-$2.30 levels have performed as support above the bottom recorded last Thursday at $2.10. LUNA pricing avoided making a new all-time low on Tuesday. Because LUNA 2.0, like most cryptocurrency...Read More
As expected, this week, the stock market opened in a bear market, with the Dow losing 876 points, S&P falling into bear territory, and the Nasdaq selloff continuing. Bitcoin and Ethereum saw significant bearish momentum on Monday, which continued through Tuesday, with the Bitcoin price losing nearly 25% this week and the Ethereum price down...Read More
The fall of Terra, which went from being the world’s third largest stablecoin to being valued at less than a $1, has been the most talked-about topic. Since hitting an all-time high in November, the value of Bitcoin has plummeted, as has the value of other digital assets such as altcoins and stablecoins, resulting in...Read More
Bitcoin and Ethereum prices show significant losses this Monday, with BTC trading at $23.7k and ETH dropping nearly 16% to $1.2k. Current cryptocurrency prices are bringing the market back to January 2021, with the global market cap finally dropping below the $1 trillion level, currently at $965 billion. Panic at the Market There’s evident panic...Read More
The Bitcoin and Ethereum price continues to face bearish pressure as the global cryptocurrency market shows a 4.55% decline in the past 24 hours. The BTC price is down over 4%, currently trading at $27.6k, and ETH is down 6.87%, currently trading at $1.4k. Surprisingly, Terra 2.0 (LUNA) price managed to gain 4% today as...Read More
This weekend is rough for the global crypto market as it’s nearing a year low. Bitcoin struggles to hold support, dipping below $19k, and Ethereum is facing significant bearish pressure as the ETH price is down 10%, currently trading at $1,500. As Terra 2.0 (LUNA) is considered an altcoin, it’s no surprise that LUNA is...Read More
Terra’s LUNA and UST disaster is gradually settling, with more doubtful information regarding the company’s work making its way into the public domain. There are controversies related to Do Kwon-related. Due to this consumers have come up with the legitimate question. It’s all about what happened to the huge Bitcoin backing that was supposed to...Read More
All eyes have been on Do Kwon and his crew at Terraform Labs since the fall of Terra Luna and UST and the following introduction of Terra 2.0. Several allegations have been made against the founder and TFL, some of which are backed up by good proof. TFL and Do Kwon have even been the...Read More
After setting his Twitter profile to private four days ago, Terra Luna’s Founder, Do Kwon, once again opened up his Twitter account to the public, publishing a series of posts. Do Kwon Opens Up In a series of tweets published today, June 9th, Do Kwon elaborated on several issues regarding Terra 2.0. Starting with a...Read More
As Bitcoin and Ethereum struggle to hold support, Terra 2.0 (LUNA) also faces significant bearish pressure from traders and investors. The Terra 2.0 (LUNA) price declined by over 20% in the past 24 hours and down over 58% the past week, currently trading at $2.83 and falling as traders remain impatient and fear is taking...Read More
Ever since Terra Luna’s founder, Do Kown, unveiled a new “Terra Ecosystem Revival Plan 2” that’s supposed to bring back the glory days of Terra Luna, the asset, however, has been a free fall ever since. After a relatively small gain of about 77% immediately after launch, it seems investors are now losing faith in...Read More
Paolo Ardoino, Tether (USDTchief )’s technical officer (CTO), has identified the Terra (LUNA) ecosystem as the primary cause of the coin’s fall. Ardoino pointed at the Terra developers’ decision to create the UST stablecoin and back it with bitcoin. He called this move a “recipe for disaster” during an interview on Kitco News dated June...Read More
Bitcoin and Ethereum are again showing bearish momentum as BTC and ETH have lost 5% in the past 24 hours. Terra 2.0 (LUNA) is also down over 14%, currently trading at $4.31, dipping below $1 billion market capitalization with a current valuation of $912 million. Major Stocks Plummet, Causing BTC and ETH Dips As the...Read More
Mr. Jason Choi, a member of Forbes’ 30 Under 30 list, co-founded Spartan Group. The Spartan Group is APAC region’s most successful Web3 VC fund. Mr. Jason has expressed his thoughts on the current crypto “bottom.” DeFi 2.0 Lost 98.5% On An Average According to Mr. Choi’s data, all forms of utility and governance holdings...Read More
Bitcoin and Ethereum show bullish momentum this Monday as BTC registers a 5% gain and ETH pumps by over 6% in the past 24 hours. Terra 2.0 (LUNA) also holds above $1 billion market capitalization, currently trading at $5.08, up over 5% in the past 24 hours. Terra 2.0 (LUNA) Ecosystem Continues to Expand The...Read More
After trading sideways at the $6 level since June, Terra 2.0 (LUNA) price dropped significantly today by over 20%, to a current level of $4.86. The recent drop is likely due to Do Kwon closing his Twitter so that only approved followers can see his Tweets. It’s unclear why LUNA’s founder closed down his Twitter,...Read More
With Bitcoin facing bearish momentum once again, falling below the $30k level, Terra 2.0 (LUNA) continues to trade sideways at the $6 level, and Terra Classic (LUNC) loses yet another zero, currently trading at $0.00009454 with a market capitalization of $617 million and falling. Let’s look at any relevant news regarding LUNA and LUNC and...Read More
The crypto space, ever since the beginning of 2022 trade, displayed its misty behavior and due to which many traders still remain aloof. Just after a minor spike, most of the assets experience a drastic dip, whipping out the gains of the past couple of days. Therefore, now that the bears appear to have become...Read More
While the South Korean government intensifies its inquiry into Do Kwon and the Terra crash, a closer examination of legal issues reveals some surprising insights. Do Kwon and Terraform Labs are the focus of lawsuits, and tax evasion allegations have been issuing against them. Do Kwon Under Legal Scrutiny The government of the country also...Read More
With Bitcoin and Ethereum struggling to hold current support levels, Terra Luna continues to trade sideways, down 10% in the past 24 hours but hovering above the $6 support level. More applications are starting to emerge on the new chain with the latest Terraswap decentralized exchange going live on Terra 2.0, enabling users to provide...Read More
Bitcoin’s price has risen by over 8% in the last seven days, going beyond $31,000 over the weekend. On Tuesday, it was trading near $32,000, a considerable gain from earlier month’s six-month low. It’s worth noting that this is the first time bitcoin has surpassed $31,000 since early May. Over the previous two weeks, its...Read More
Imagine waking up and finding out that you’ve lost over 60% of your supposed savings. Last month, Investors lost more than 99% of their savings in the UST-LUNA collapse, which shook the entire Crypto space. Over $800 million worth of cryptocurrency long positions were liquidated in one day. This is due to the selloff caused...Read More
