Month: May 2022

LUNA 2.0 Suffers Significant Price Correction Hours After Launch

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The recovery plan for Terraform Labsโ€™ stablecoin TerraUSD (UST) and its native token Terra (LUNA) embarked on a bumpy route after the LUNA 2.0 cryptocurrency suffered a substantial market fall hours after its launch. TerraForm Labs successfully delivered new LUNA coins to market participants holding LUNA Classic (LUNAC) and TerraUSD (UST). According to data from cryptocurrency exchange Bybit, LUNA began trading at $0.5 and quickly rose to a high of $30 before dropping by more than 88% to $3.5. ย ย Related Reading | Cryptocurrency Spams Grow By Over 4000% In The…

Bitcoin Breaks $30K, But Could Price Entrap Late Longs?

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Bitcoin has been trading in the green over the past 24 hours as traditional markets see an overall recovery. The number one crypto by market cap experienced an increase in selling pressure over the past month as macro-economic conditions favored a decline in risk-on assets. Related Reading |ย Bitcoin On-Chain Data Signals A Long Squeeze Brewing In Futures Market At the time of writing, Bitcoin trades at $31,200 with a 7% profit in the last 24-hours. BTC moving sideways but with a slight uptick on the 4-hour chart. Source: BTCUSD Tradingview…

Argentines turn to Bitcoin amid inflation worries: Report

Since 2016, Argentina has been engaged in a war against inflation. Caused by multiple factors, like a lack of trust in the central bank or government overspending, the depreciation of the Argentinean peso has negatively impacted citizensโ€™ purchasing power. This has brought 37.3% of the population under the poverty line, and many others have had their savings vanish into thin air. Against this backdrop, many Argentines have turned to Bitcoin (BTC) and crypto as a way to hedge against 60% inflation, despite the market being in the red for several…

Ethereum price moves toward $2,000, but analysts say itโ€™s just another โ€˜relief rallyโ€™

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On May 30, the cryptocurrency market experienced a much-needed bounce that saw Bitcoin (BTC) climb above $30,900 and Ether (ETH) rally 5.84% to $1,930, but analysts warn that it could be too early to expect a reversal. ETH/USDT 1-day chart. Source: TradingView Hereโ€™s a look at what several analysts are saying about the outlook for Ether moving forward and the major support and resistance levels to keep an eye on. A bounce off of major support The May 30 bounce in Ether came as โ€œno surpriseโ€ to market analyst and…

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Tron Now Commands the Third-Largest TVL in Defi โ€” Network’s Stablecoin USDD Confronted by Skepticism โ€“ Defi Bitcoin News

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This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application thatโ€™s similar to Anchor Protocol as it offers more than 20% APY for USDD deposits. Amid Tronโ€™s TVL rising, the networkโ€™s stablecoin USDD has been confronted by skeptics over the similarities USDD holds with Terraโ€™s UST. Tron Takes the Third-Largest Position in Terms of Total Value Locked in Decentralized Finance Protocols On May 30,…

MoneyGram to open transfer platform with Stellar, eyes wallet deal in El Salvador

MoneyGram International, one of the worldโ€™s largest cross-border transfer services, is partnering with the Stellar blockchain to create a stablecoin-based platform for money transfers. The new service will allow Stellar wallet users to send Circleโ€™s USD Coin (USDC) to recipients, who will be able to cash them out for fiat currency through the MoneyGram network. โ€œWeโ€™re trying to be a bridge from the crypto world to the fiat world,โ€ MoneyGram CEO Alex Holmes said in an interview. Holmes also said MoneyGram is in talks with third-party companies that provide digital…

๐Ÿ’ฅ ยกAUMENTAN LAS COMPRAS DE BALLENAS EN BITCOIN!!! ๐Ÿš€ (ANรLISIS de BITCOIN HOY) โœ…

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io ยกESTE es el ANรLISIS Tร‰CNICO de BITCOIN HOY y TODAS sus NOTICIAS! ยฟBTC va a SUBIR o va a BAJAR? ๐Ÿ‘‡๐Ÿป ยฟQUIERES SABER MรS? ๐Ÿ‘‡๐Ÿป โญ BYBIT – OPERA CON CRIPTOMONEDAS (+ REGALO): ๐Ÿ‘‰๐Ÿป (**) ๐ŸŽ BONUS ๐ŸŽ Depรณsito 50 USDT = Bono $25 o Depรณsito 100 USDT = Bono $50 ๐Ÿ’Ž Canal Juegos NFT: ๐Ÿ’Ž Canal Altcoins: RECOMENDACIONES โญ THEKINGFISHER – Descubre dรณnde se acumulan las liquidaciones: (10% DESCUENTO) โญ TRADINGLITE – HEATMAPS (+ BONUS): โญ MATERIAL INDICATORS – HEATMAPS: (10%…

Bitcoin On-Chain Data Signals A Long Squeeze Brewing In Futures Market

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On-chain data shows the Bitcoin open interest is sharply rising, a sign that a long squeeze may be brewing in the crypto futures market. Bitcoin Open Interest Has Observed Rise Recently, While Funding Rates Remain Positive As pointed out by an analyst in a CryptoQuant post, the futures market may be heading towards a long squeeze in the near future. The โ€œopen interestโ€ is an indicator that measures the total amount of Bitcoin futures positions currently open on derivatives exchanges. It includes both long and short positions. An increasing value…