CryptoX – Cryptocurrency Analysis and News Portal One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday. Original Source The post The LUNA and UST Crash Explained in 5 Charts appeared first on CryptoX. CryptoX Portal
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, I’ll show you why we could pump 15% or crash to $2,700, how our indicators called this drop, our biggest sale ending in 3 days, and my Ethereum price prediction. We will also look at the following Ethereum Metrics: – Ethereum Emotional Index – Ethereum Long vs. Short Trades – Ethereum Trading Risk Today – Ethereum Whale and Institutional Smart Money – Ethereum Dollar Cost Average (Buys) – Ethereum Exit Points – Ethereum Best Trade Setup Today Make sure…
U.S. Securities and Exchange Commission (SEC) chair Gary Gensler says the way crypto exchanges are structured could work to the disadvantage of users. In a new Bloomberg report, Gensler notes that, unlike traditional finance, cryptocurrency exchanges have not set up clear distinctions between various aspects of their service. Since exchanges are responsible for the custody of assets, transacting on both sides of a marketplace as well as providing the venue for traders, Gensler says he’s concerned such “commingling” could be harmful to customers. “Crypto’s got a lot of those challenges…
“Risk Harbor Anchor UST insurance hasn’t been widely available – we were holding off on taking any third-party funds until we could purchase that insurance at scale. I anticipate decreased demand for the product this fund was offering, so I removed it from the website,” founder Michael Arrington told CoinDesk in an email. Source
Several major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to remove “the barriers to wide-scale crypto adoption.” The latest funding round values the company at $1.25 billion. Citi, Wells Fargo, BNY Mellon Participate in $105M Funding Round for Digital Asset Tech Firm A number of major financial services companies, including Citi and Wells Fargo, have joined a funding round for Talos, a global firm that provides institutional digital asset trading technology. Talos announced a $105 million…
The knock-on effect of the collapse of Terra (LUNA) and its TerraUSD (UST) stablecoin have spread wide across the cryptocurrency market on May 11 as projects with any kind of association with the DeFi ecosystem have seen their prices hammered. The forced selling of the Bitcoin (BTC) holdings backing a portion of UST also influenced BTC’s current drop to $29,000 and analysts fear that DeFi platforms that have liquidity pools primarily comprised of UST and LUNA will collapse. LUNA, ANC, ASTRO and MARS in USDT pairings. 4-hour chart. Source: TradingView…
The annual meeting of the International Swaps and Derivatives Association (ISDA) began Wednesday in Madrid. United States Securities and Exchange Commission (SEC) chairman Gary Gensler and U.S. Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam were both featured as keynote speakers at the event, with Behnam speaking at the morning session, and Gensler in the afternoon. Behnam spoke at length about “a request for an amended order of registration as a derivatives clearing organization (DCO) by an entity seeking to offer non-intermediated clearing of margined products to retail participants,”…
By using Web 3’s building blocks to represent social identity, the ecosystem can overcome its current limitations and bring about a decentralized society. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In ultima săptămâna doar de pe Coinbase au fost retrași 30.000 Bitcoin, instituțiile cumpara masiv! Cum este cel mai bine sa tranzactionezi crypto monede? Pe termen lung Holder sau termen scurt? Daca nu ai cont pe Binance poti folosi link-ul meu: Pe Bitmarket incepand de azi poti cumpara costume de lux platind cu crypto direct pe platforma!!! Site-ul meu oficial: https:// www.mihaidaniel.ro Eu tranzactionez pe Coinzix, fa-ti si tu cont acum! Daca nu ai cont pe Tradingview poti folosi link-ul meu: Ma…
Cryptocurrencies’ values have been diving due to the current bloodbath in the crypto market. Likewise, the largest and most popular cryptocurrency, Bitcoin, also continues to lose its value. The coin has consecutively dropped since the year 2022 has turned. Per the statistics provided by Tradingview.com, the market value of the giant Bitcoin was fledging around $883.89 billion on January 1. However, after the continuous downtrend in the value, its market capitalization as of May 10 stands around $568.55 billion. Related Reading | Market Downtrend Trigger Bitcoin Inflows From Institutional Investors…