Day: October 27, 2022

Terra Community Burns 25 Billion LUNC Tokens, Will It Reach The Highs?

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The Terra Classic LUNC has been putting more effort into resuscitation its new position in the crypto space. Unfortunately, the algorithmic stablecoin Terra and LUNA collapse in May caused a massive loss in the industry. The crisis intensified the crypto winter of the year, leading to the loss of billions of dollars. However, the new Terra ecosystem is gradually building against its previous loss. One of its distinctive approaches is the protocol’s burning mechanism. This action brought about the 1.2% tax burn for on-chain LUNC transactions, as proposed by one…

U.S. GDP Grows by 2.6% – What Does This Mean for Crypto? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin remains above $20k, as U.S. GDP for Q3 is recorded as 2.6%, beating the expected 2.4% and coming in significantly higher than the previous decline of 0.6%. So far, the market has responded positively to this news, potentially due to the decreased chances of an economic recession. However, this positive reaction to the news could be short-lived, as it infers that the Federal Reserve have been given the green light to carry on with their aggressive policy measures and continue…

Coinbase stock: Q3 is ‘not looking too great,’ analyst says

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Coinbase #yahoofinance #crypto Wells Fargo Managing Director Jeff Cantwell joins Yahoo Finance Live to discuss the crypto winter, Coinbase stock, the impacts of government regulation on crypto, rising competition, user declines, and the outlook for the crypto space. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you…

New NFT Marketplace Blur Closes in on OpenSea in 24 Hour Trade Volume

According to the dashboard, created by NFT data aggregator Sealaunch, OpenSea still maintains a sizable lead on Blur, although trading on Wednesday topped other Ethereum-based competitors like LooksRare and X2Y2. The platform also had 2,527 unique users on Wednesday and made 10,911 sales. Other data tracking tools, including DappRadar, which does not yet track data from Blur, supported the dashboard’s 24-hour trading volume numbers, placing OpenSea with $8.9 million in the top spot, Blur second, followed by X2Y2 with $1.7 million with and LooksRare with $406,000. Source

Bitcoin Surges To A 6 Weeks High While Crypto Market Cap Tops $1 Trillion

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Bitcoin price has remained around the $19K price for the previous few weeks, leaving crypto investors in a state of skepticism. The crypto market’s downturn can be traced to the increase in interest rates and several other factors. However, experts predict that the token will still witness a big bull run. Briefing On Bitcoin Price Movements BTC has been devoid of any significant volatility. This price movement continued to rise when the token soared sharply. After that, the sudden bullish trend brought it to its mid-September high. Since Bitcoin is…

Ethereum Bulls Rally Above $1,500, But ETH Could Face A Tough Time Here

ETH’s price shows strength as it bounces from a downtrend range with high volume, aiming for a rally to $1,700. ETH faces a major issue to trend and holds higher above $1,500 after the price broke out of its downtrend descending triangle price movement. ETH’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price of Ethereum (ETH) has continued to hold strong as price trends toward the region of $1,700 as the price faces a key…

257 Economists Say Global Recession Is Near, US Trade Restrictions Against China Could Stir Taiwan Invasion – Economics Bitcoin News

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According to 257 economists polled by Reuters, the global economy is approaching a recession, but 70% of the survey’s participants believe the chances of a sharp rise in unemployment levels will be low. The poll follows the Biden administration and the U.S. Commerce Department issuing a package of trade restrictions against China’s relationship with the semiconductor industry. The tensions between the U.S. and China have given observers reason to believe that China could invade Taiwan in the near future. Accounts stemming from the 20th Communist Party Congress (CCP) conference note…

Coinbase, Alameda-backed Mara launches African crypto wallet service

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Some 2 million users in Nigeria and Kenya are set to be onboarded to a new cryptocurrency wallet backed by the likes of Coinbase Ventures and Alameda Research.  Mara is a digital financial ecosystem project that is kickstarting its journey with the launch of a cryptocurrency wallet for signed-up users in Nigeria. A portion of the waitlist will be onboarded through an invite-only process starting on Oct. 27, followed by the onboarding of users in Kenya and Ghana. The project is backed by cryptocurrency industry heavyweights, having raised $23 million…