Day: May 26, 2022

BITCOIN | VERY IMPORTANT | QUICK ANALYSIS | BTC | MUST SEE

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Regulatory Attention on Terra Could Change South Korean Trading Environment; Bitcoin Goes Sideways

The largest cryptocurrency by market capitalization was recently trading at about $29,700, up slightly and about where it stood 24 and 48 hours earlier. Ether, the second-largest crypto by market cap, was down over a percentage point, still trading a little below the $2,000 level it has held much of this week. Other cryptos were mixed, some rising a little and others falling, although metaverse tokens MANA and SAND had a good day with SAND rising over 7% at one point. TRX was also recently up more than 5%. Source

An Island for Cryptocurrency and DeFi Talent is Set to Open in the Central African Republic 

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The CV-19 lockdown situation has brought about a global shift in how work is completed. With countries forced to go on lockdown for months, there was, unfortunately, a need to lay off workers in key industries. However, many tech companies decided to introduce the concept of a WFH (Work from Home) policy to retain talent. Some sectors suffered economically during the pandemic. For certain sectors, like the cryptocurrency industry, the global cryptocurrency market size was USD 826.6 million in 2020 and fluctuated greatly.  One of the key effects of CV-19,…

Bitcoin On-Chain Activity Throttled After LUNA Collapse

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Bitcoin on-chain activity has fallen into the red after the infamous LUNA collapse. The collapse had no doubt reduced faith in the cryptocurrency market and has seen investors significantly reduce their activity in the space. This has led to losses across the board for miners as fee revenues, transaction volumes, and transaction values have all plummeted, all of which have seen daily miner revenues fall towards yearly lows. Bitcoin On-Chain Activity Declines The previous week had seen on-chain activity ramp up during the height of the LUNA collapse. Mostly, this…