Cryptocurrency Analysis and News Portal
Bitcoin (BTC) fell below $30,000 for the first time in ten months on May 10 as turmoil at Blockchain protocol Terra continued.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin price bounces at $29,700Data from Cryptox Markets Pro and TradingView showed BTC/USD plumbing lows of $29,731 on Bitstamp.The first trip under the $30,000
Read More
The third-largest stablecoin by market cap Terra USD (UST) appears to be in a catastrophic tailspin which has seen it de-peg from the dollar and drop to as low as $0.67 on May 10.As its price has fallen, so has its market capitalization along with that of Terra (LUNA) which
Read More
Bitcoin (BTC) prepared for a rare bear feature to return on May 8 after an overnight sell-off took the market ever closer to January lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC circles $34,400 lowsData from Cryptox Markets Pro and TradingView showed BTC/USD dipping to $34,200 on Bitstamp, recovering to trade around
Read More
Terra’s commitment to filling up its coffers with Bitcoin has been solidified once more with another $1.5 billion purchase. This is the fruit of a pledge that the project had made to buy more than $10 billion worth of BTC to serve as a reserve for its stablecoin, UST. More
Read More
SynFutures is accessible via Polygon, Binance Smart Chain, and Arbitrum, and processed over $266 million in trading volumes over the past week, data show. The protocol is backed by major crypto investors, such as Polychain Capital and Pantera, among others. Source
Read More
Cryptox Research fundamentally evaluates Terra in its 50-page report to provide an in-depth analysis of its recent updates, including Columbus-5, the Bitcoin (BTC) acquisition and others.Decentralized algorithmic stablecoins, blockchain integration in real-world payments and 20% APYs on decentralized finance (DeFi) protocols — what is all of this, and is it
Read More
Vertex protocol raised $8.5 million to build a decentralized foreign exchange for Terra-based stablecoins. @camlearnscrypto reports Source
Read More
“Once we released the capability to access DeFi on Terra, we’ve seen this kind of crazy demand,” Shaulov said in an interview with CoinDesk. “So over $250 million was deployed in the first 72 hours, and I think it’s exactly a week now and there’s been half a billion dollars
Read More
Crypto tax calculation platform Koinly added Terra (LUNA) wallet support to make tax calculation easier for LUNA holders as the Canadian tax report deadline draws near. Tony Dhanjal, head of tax at Koinly, said that LUNA support has been requested by many Koinly users, and with the integration, LUNA users will
Read More
Terra (LUNA) has made a considerable comeback given the slump that the coin underwent a little over a week ago. The broader market has also regained strength which has proved to be beneficial for the industry’s altcoins. Bitcoin and Ethereum have steadied above their immediate price floors. The prominent coins were
Read More