Terra, in recent weeks, has emerged as one of the best-performing digital assets, with its price-performance outpacing the majority of its competitors. The network, however, made a startling revelation recently through its CEO, Do Kwon, who stated that they would be purchasing $10 billion Bitcoin to Luna reserve. According to Kwon’s announcement, Terra would be…
As Bitcoin (BTC) wavers around $41,000, Tether is indicating big moves may be coming for crypto in general. According to data from analysts Santiment, Thursday and Saturday had the two largest days of 2022, in terms of addresses interacting on the network, with 83,000 and 74,000 addresses interacting with the network respectively. Keep an eye…
This year has not been favorable to the price actions of neither bitcoin (BTC) nor ether (ETH), the two major cryptocurrencies by market cap. Bitcoin started out this year trading at $47,370 but has since then fallen to $38,945 at press time. Looking at ether, the story is the same, or even worse as the…
Symbiosis Finance is a multi-chain AMM DEX and liquidity protocol that allows users to perform any crypto token swap. After a long period of testing, Symbiosis announced its beta mainnet launch which enables instant swaps with no need for special software–leveraging a simple solution for moving liquidity across different chains. The core of the Symbiosis…
As the war in Ukraine moves into its third week, if there still is a demand for bitcoin (BTC) and other cryptocurrencies in the Russian and Ukrainian markets, to try to escape sanctions or as an escape route for people to safeguard their funds, this does not seem to have reflections on market prices of…
All eyes are on the war in Ukraine, including those of crypto traders, and for obvious reasons, of course. Crypto’s volatility over the past week has been expected while many are trying to figure out how to adjust to the geopolitical situation. It’s safe to assume that some of the buying pressure is coming from…
As the war in Ukraine continues, Bitcoin and the rest of the crypto market, including Ethereum, has been highly correlated to the traditional market. With the S&P 500 and Nasdaq opening cautiously upwards, bitcoin has once again spiked and is trading above $41,000. The correlation to traditional markets seems broken, at least for the moment….
Some days make it difficult to find joy, even as crypto markets are rallying. Nevertheless, the losses made since the outbreak of the tragic war between Russia and Ukraine have largely recovered and markets are generally in the green on the daily. As many times before, bitcoin leads the way by the share weight of…
Bitcoin and the rest of the crypto markets are continuing to struggle, with the bitcoin price trading down from the weekly high of $44,274 on Wednesday last week, down below the psychological $40,000 level at $36,629, as per data from Goingecko. At the moment of writing, BTC price is hanging just below $39,000, up 3.3%…
Luna Foundation Guard (LFG) recently completed an over-the-counter sale of LUNA–raising $1 billion from venture capital groups led by Jump Crypto and Three Arrows Capital. Established in the Republic of Singapore, LFG is a non-profit organization that formed in January to help support the growth of the Terra ecosystem, and the sustainability and stability of…