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Day: May 31, 2022
LUNA 2 price jumps 90% ahead of big Binance airdrop
The price of LUNA briefly spiked around 90% overnight to an intraday high of $11.33 ahead of Binanceโs airdrop, but has since dropped back to around $8.26 at the time of writing. At current prices, as per CoinGecko data, the increase to $8.26 represents a 35% gain over the past 24 hours. Overall, however, the price has tanked 56% since launching on the weekend at an opening price of $18.87. Members of the community posted screenshots of the price jumping as high as $12 on the MEXC Global exchange, with…
Rival blockchain projects angling for talent from Terra developers
The collapse of the Terra ecosystem, which included most of its apps and protocols, has created a diaspora of developers from which opportunistic blockchain companies are hoping to snap up talent. Polygon (MATIC), one of the largest blockchains by total value locked (TVL), is actively seeking out Terra developers to add valuable expertise and support to their efforts. Polygon launched a โrelatively uncapped multimillion-dollar fundโ designed to entice Terra developers to migrate over to the Ethereum sidechain scaling solution, according to Polygon Studios CEO Ryan Wyatt speaking to TechCrunch at…
Cardanoโs ADA Spikes 25%, Leads Gains in Crypto Majors
Bitcoin showed signs of bottoming out earlier this week, with the broader market adding some 4.4% in the past 24 hours. Source
Chinese state media signals tighter crypto regulations in Terra aftermath
The China state-owned media outlet, the Economic Daily, has signaled that the Chinese government may introduce even tighter regulations on cryptocurrencies and stablecoins due to the collapse of the Terra ecosystem. In an article published May 31, the outlet detailed the collapse of TerraUSD (UST) and Luna (LUNA), explaining the workings of the algorithmic stablecoin. It used the so-called black swan event to praise the Chinese governmentโs decision to ban cryptocurrency. โMy country has been cracking down on virtual currency trading speculation and a large number of trading platforms,โ reporter…
China state media signals tighter crypto regulations in Terra aftermath
The China state-owned media outlet the Economic Daily has signaled that the Chinese government may introduce even tighter regulations on cryptocurrencies and stablecoins due to the collapse of the Terra ecosystem. In an article published May 31, the outlet detailed the collapse of TerraUSD (UST) and Luna (LUNA) explaining the workings of the algorithmic stablecoin. It used the so-called โblack swanโ event to praise the Chinese governmentโs decision to ban cryptocurrency. โMy country has been cracking down on virtual currency trading speculation and a large number of trading platforms,โ reporter…
Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time Low โ Economics Bitcoin News
After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currencyโs latest slide is expected to worsen Lebanonโs economic challenges. Pound Depreciation In a sign that Lebanonโs ongoing economic crisis is worsening, the black market exchange rate of the Lebanese pound is reported to have plunged to an all-time low of 35,600 against the dollar. According to an Al Jazeera report, it took just two weeks for the poundโs black market exchange rate to drop…
ETHEREUM IS SHIFTING (watch this signal)!! Ethereum Price Prediction 2022, Ethereum News Today (ETH)
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io ETHEREUM IS SHIFTING (watch this signal)!! Ethereum Price Prediction 2022, Ethereum News Today (ETH) Welcome back to the Crypto World! In this video I reveal my next Ethereum Price Targets and my Ethereum Strategy (Ethereum Technical Analysis Today)! Is Ethereum the best crypto to buy now? Comment below! And leave a LIKE and SUBSCRIBE for more videos like this! ๐จNEW: Crypto Technical Analysis Course ๐ ๐ โบ I trade on Bybit ๐ ๐ (NEW $4,620 BONUS)* ๐ฅ Register with my link for…
Shiba Inu founder deletes social media posts, steps down from community
Pseudonymous Shiba Inu (SHIB) founder โRyoshiโ has walked away from the community after deleting all of their Tweets and blog posts this week. Much like Bitcoin (BTC) founder Satoshi Nakamoto, Ryoshiโs identity has remained unknown since the project launched in August 2020. Additionally, they have also held a hands-off approach to the memecoin much like Dogecoin (DOGE) founders Billy Markus and Jackson Palmer. Lead developers such as โShytoshi Kusamaโ have stated that the project will carry on and continue to โactualize Ryoshiโs vision and plan for this grand experimentโ of…
Ethereum Tests $2K, Why ETH Could Extend Rally
Ethereum gained pace above the $1,940 resistance zone against the US Dollar. ETH even spiked above $2,000 and might extend gains in the near term. Ethereum started a recovery wave above the $1,920 and $1,940 levels. The price is now trading above $1,920 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $1,975 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if there is a close above the $2,000 resistance zone. Ethereum Price Gains…