Cryptocurrency Analysis and News Portal
Fiat-backed stablecoins, for instance, are popular because they are as stable as the U.S. dollar (USD) or other widely accepted currencies. However, linking crypto to a federal currency makes fiat-backed cryptos a target for governmental regulation and overall more centralized – a certain trade-off when compared with algorithmic stablecoins, the
Read More
LUNA, Terra’s native token, was down as much as 10% during the past 24 hours due to yet another scandal. LUNA is on Abracadabra, a DeFi lending platform run by Sestagalli. LUNA was partly created for issuing stablecoins. The reserves of Terra-based lending and borrowing protocol Anchor, which offers a
Read More
Bitcoin maintains its bullish short-term trajectory into the U.S. Federal Reserve FOMC meeting, suggesting the downtrend might be losing strength. BTC investors have feel the pain in the last weeks, as the cryptocurrency displays a high correlation with the U.S. stock market. Related Reading | Bitcoin Whales Take Advantage Of Market
Read More
Almost all crypto miners’ stocks were in the red for the day, with Bitfarms falling more than 9%, while shares of peers Argo Blockchain and Cipher Mining fell by more than 7%. Shares of other miners, including Marathon Digital, Riot Blockchain, Hive Blockchain and Hut 8 Mining, also fell more
Read More
The first Bitcoin (BTC) futures exchange-traded fund (ETF) was launched in the United States back on October 19, 2021. Since then, a number of other cryptocurrency investment products have been launched in various markets.That first ETF, the ProShares Bitcoin Strategy ETF, quickly became one of the top ETFs of all
Read More
Bitcoin price is struggling to gain pace above $63,500 against the US Dollar. BTC could start a fresh rally if it clears $63,500 and $64,000 in the near term. Bitcoin is facing resistance near the $63,500 and $64,000 levels. The price is now trading above $62,500 and the 100 hourly simple moving
Read More
Ethereum extended its increase above the $4,200 resistance against the US Dollar. ETH corrected gains, but it is well supported above the $4,000 pivot level. Ethereum started a fresh increase above the $4,000 and $4,200 resistance levels. The price is now trading above $4,100 and the 100 hourly simple moving average. There is
Read More
This episode is sponsored by NYDIG.Download this episodeOn this week’s edition of “Long Reads Sunday,” NLW reads four Twitter threads:Alex Gladstein on whether the crypto experiment has failed Russian political opposition figure Alexey Navalny on big tech complicity Adam Cochran on the debt ceiling chicken game Jason Yanowitz on why
Read More
As the nonfungible tokens craze took off at the start of the year, many climate-conscious artists vocalized their disapproval of Ethereum’s energy consumption. In May, Elon Musk then derailed Bitcoin (BTC), citing the energy consumed by Bitcoin as cause for Tesla to withdraw its plans to accept BTC as payment
Read More
This episode is sponsored by NYDIG.Download this episodeThis week’s “Long Reads Sunday” returns to the format’s roots with four threads from Twitter:Chris Dixon on tokens as a new web primitiveRaoul Pal on the coming change to securities lawsCozomo (aka Snoop) on getting into PunksKris Sidial on why millennial investing is
Read More