By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin rallied tremendously yesterday, as it soared above the short-term range between $28,500 and $30,600. Last week many analysts were concerned about crypto falling whilst the S&P 500 rallied, but yesterday Bitcoin reached a high of $32,200, as it performed significantly better than the S&P 500 futures whilst Americans were on holiday. Data from the crypto research firm CoinShares shows that crypto funds saw inflows of $87 million last week, after the previous week saw outflows of $141 million. Inflows were…
Day: May 31, 2022
Cryptocurrency In Telugu | What Is Mean By Cryptocurrency | Latest Cryptocurrency News | 123 Telugu
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Brazilian Development Bank Launches Blockchain Network – Bitcoin News
The Brazilian Development Bank has officially launched the Brazilian Blockchain Network, a structure designed to aid other institutions in the country in increasing public transparency. The launch, which was also assisted by the Court of Accounts of the Union, serves to call more institutions to adhere to this project, which aims to have its first applications ready for 2023. Brazilian Blockchain Network Launch Completed The Brazilian Blockchain Network, a public and distributed blockchain, was launched on May 30. The event, which was hosted by the Brazilian Development Bank…
Binance-Supported Deal for Forbes to Go Public Via SPAC Is Called Off: Report
Binance had invested $200 million in Forbes earlier this year as part of the plan. Source
Here’s Which Crypto Exchange Platforms Are Safest for Traders, According to New Study
A firm that provides comparative data for investors is taking a deep dive into the safety of cryptocurrency exchanges. In a new study, the Malta-based BrokerChooser analyzes 20 of the world’s most popular crypt marketplaces in a variety of metrics to determine which are the safest for investors. Taking the top spot with a rating of 4.1 out of five, is Coinbase, the largest crypto exchange in the US. BrokerChooser says Coinbase ranked as “tier 1” in most categories and highlights its emphasis on security. “Coinbase holds an insurance policy…
How Early LUNA Holders, Founders Made Off With $6B
The Terra (LUNA) crash will go down in crypto history as one of its most catastrophic events. Billions of people lost their life savings and investments. In the meantime, a small group of insiders benefited. Related Reading | LUNA Classic Jumps 90% Following Support From Crypto Exchanges According to a report from Arcane Research analyst Anders Helseth, the Terra (LUNA) ecosystem, now known as Terra Classic, operated as a long-term “pump and dump” scheme. The analyst looked into on-chain activity to support his claims and found revealing information on the distribution…
$130 MILLION BITCOIN LONGS CLOSED (important)!! Bitcoin News Today & Bitcoin Price Prediction (BTC)
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io $130 MILLION BITCOIN LONGS CLOSED (important)!! Bitcoin News Today & Bitcoin Price Prediction (BTC) Welcome back to the Crypto World! In this video I reveal my next Bitcoin Price Targets and my Bitcoin Strategy (Bitcoin Trading for Beginners)! Is Bitcoin the best crypto to buy now? Comment below! And leave a LIKE and SUBSCRIBE for more videos like this! 🚨NEW: My Complete Technical Analysis Course 👉 👈 📈BEST TRADING PLATFORMS: ► Bybit 👉 👈 (NEW $4,100 BONUS)* 🔥 Register with my link…
In the wake of Terra’s collapse, South Korea plans new crypto oversight committee: Report
The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea, the birthplace of its creator, was the most concerned country of them all. Amid signs that Terraform Labs co-founder Do Kwon was facing legal trouble in South Korea, the country’s ruling party announced Tuesday that it would launch a new Digital Asset Committee in early June, according to local news outlet NewsPim. According to the report, the committee will serve as a watchdog over the crypto industry and will…
In wake of Terra collapse, South Korea plans new crypto oversight committee: Report
The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea, the birthplace of its’ creator, was the most concerned country of them all. Amid signs that Terraform Labs co-founder Do Kwon was facing legal trouble in South Korea, the country’s ruling party announced Tuesday that it will launch a new Digital Asset Committee in early June, according to local news outlet NewsPim. According to the report, the committee will serve as a watchdog over the crypto industry and will…
Chain (XCN) ignores the wider-market downtrend by rallying 100%+ over the past month
May was an incredibly challenging month for the cryptocurrency market as a majority of tokens booked heavy losses as a bear market was confirmed, but not every project dropped back to pre-bull market lows. Chain (XCN), a protocol designed to help organizations launch their own blockchain network or connect with other more established networks, managed to rally more than 120% since May 19. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.0712 on May 11, XCN reversed course to hit a record-high at at…