The Luna Foundation Guard is moving billions of Bitcoin across the blockchain.The wallet address “bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q” held 42,530 BTC but today, May 9 at 6:34 PM UTC the wallet was emptied. The address has previously been confirmed to be the reserve wallet for LFG and has been steadily accumulating Bitcoin for months. The Bitcoin has been…
A seemingly coordinated attack on the Terra ecosystem occurred this weekend, May 7th, as hundreds of millions of dollars worth of UST was dumped on Curve Finance. This happened in tandem with an increase in short interest in Terra Luna and a surge in Twitter volume that led to “Ponzi” trending globally for a few…
After the post-FED meeting announcement, Bitcoin rose steeply to test the $40K resistance. However, market sentiment appears to have shifted today as it dipped back below $37k. Wild swings in the crypto market are common, but the difference is that now they seem to follow Wall Street as opposed to on-chain data or crypto-related news….
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The native token of crypto exchange NEXO is up 40% on April 29 following the token’s launch on Binance. The token, which launched at 14:00 UTC, is currently trading at $2.9, having hit a peak of $3.5 earlier in the day. Source: TradingView Nexo recently realized their crypto-backed card that allows users to take credit…
Crypto markets fall as Federal Reserve chair Jay Powell states that they need to move “more quickly” in raising interest rates. Powell also expressed that a “0.5 percentage point interest rate increase was on the table in May.” Bitcoin dropped to $40,586 from a daily high of $42,965, while the total crypto market fell to …
The Bitcoin market fell below $39,000 after the Easter holidays as “weak hands” continued to sell, forcing prices down to a local low at $38,729 before bouncing back. This uptake is driven by persistent and robust undercurrent demand. To read the rest of this article, sign in or join CryptoSlate Edge. Get an Edge on…
The market price of bitcoin (BTC) dropped below $39,000 on April 18 in a declining trend during the Easter holidays. Meanwhile, ether (ETH) price fell below $3,000 for the first time since mid-March. The combined crypto market has lost almost $400 billion since early April, with analysts warning a “disaster in the financial markets” could…
The price of Bitcoin rose after March CPI data confirmed that inflation in the U.S. continues to increase, hitting the highest level in 40 years. However, with the price of Bitcoin currently down 11% since January 1 and an inflation reading of 8.5%, the net price change is just 2.5% in real terms. In addition,…
As Bitcoin drops into the $39,000 range for the first time since March 16, the White House has just announced. They expect “extraordinarily elevated” headline CPI data to be released tomorrow, April 12. The statement confirms that gas prices in the US rose roughly 25% in March, and these figures will drive tomorrow’s inflation readings….