Day: December 2, 2022

Terra Classic Up By 17%; Prosecutors Seek Arrest of Co-Founder

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With the implosion of the LUNA coin, the Terra ecosystem was devastatingly hit within a few days in May 2022. The successor, Luna Classic (LUNC), currently once again surged in price. LUNC briefly rose to $0.00019439, registering a 20% price increase. At press time, the LUNC price showed a correction. However, LUNC was still at $0.00018 and showed a price increase of 11% over the last 24 hours. LUNC price, 4-hour chart. Source: TradingView The background for the sudden pump was the fact that Binance destroyed more than 6 billion…

Indonesian Startup GoTo Is Worst Tech IPO Underperformer of 2022

GoTo is the worst large tech IPO of 2022 after plunging for 10 consecutive sessions amid the global selloff. GoTo is the worst of the largest tech Initial Publis Offerings (IPO) this year, according to reports. The shares of the Indonesian startup plunged for 10 consecutive sessions as fears regarding an expiring lock-up heated up. GoTo’s post-IPO stock selloff makes it the worst-performing company among 11 internet and tech-inclined platforms that generated over $500 million in IPO listings this year. GoTo Largest Tech 2022 IPO Drawdown in Perspective As it stands, GoTo…

Experts Recommend Orbeon Protocol (ORBN), Solana (SOL) and Polkadot (DOT) as Most Profitable Investments in 2023

Place/Date: – December 2nd, 2022 at 1:08 pm UTC · 4 min read Source: Orbeon Protocol Investors in Solana, Polkadot, and the new crypto project Orbeon Protocol could be the most profitable investments when the market expectedly wakes up in 2023. Everyone in the cryptosphere knows of Solana (SOL) and Polkadot (DOT), but after launching phase 2 of its presale with a 260% price surge, Orbeon Protocol (ORBN) is making waves across the crypto community. Solana (SOL) Readying Itself for a Big 2023 If the last bull season didn’t belong…

GMX (GMX) and Fantom (FTM) Are Both Top Gainers! But Snowfall Protocol (SNW) Is on Its Way to the Top!

Place/Date: – December 2nd, 2022 at 12:57 pm UTC · 3 min read Source: Snowfall Protocol Photo: Snowfall Protocol GMX (GMX) and Fantom (FTM) are both top gainers today on CoinMarketCap, but there’s a new coin in town that is quickly making its way to the top – Snowfall Protocol (SNW)! What could be causing this massive shift in the market? Let’s take a closer look at these three coins and see what’s happening. The First to Solve This Problem Will Make Token Holders Wealthy GMX (GMX) and Fantom (FTM)…

Trader allegedly saw over 5000x gains after Ankr protocol hack

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As the BNB Chain-based protocol Ankr was exploited and the hacker dumped Ankr Reward Bearing Staked BNB (aBNBc) tokens, a trader took advantage of the price discrepancies to turn $2,879 into $15.5 million.  As previously reported by Cointelegraph, security firm Beosin suggested that the multi-million dollar exploit may have come from vulnerabilities in the smart contract code and compromised private keys due to a technical upgrade. Then, the hacker minted and dumped 20 trillion aBNBc tokens, significantly lowering the price of aBNBc. As this happened, a trader reacted quickly and…

ApeCoin risks 30% crash after APE staking debut in December

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The multi-week ApeCoin (APE) market rally is nearing exhaustion owing to a mix of technical and fundamental factors. Fundamental — ApeCoin Staking launch  In the past two weeks, APE’s price is up over 50% after bottoming at around $2.60. The APE/USD rebound came in line with similar recovery moves elsewhere in the crypto market. But, it outperformed top assets, including Bitcoin (BTC) and Ether (ETH), as traders pinned their hopes on ApeCoin’s staking debut. The ApeCoin Staking feature will debut on Dec. 5 at apestake.io, according to its developer Horizon…

Mozilla Acquires Active Replica as It Dives Deeper into Metaverse

The acquisition of Active Replica will bring mutually beneficial growth to both firms. Web browser and internet development company, Mozilla Corporation has announced the acquisition of Active Replica, a Web3 and immersive experience developer. As Mozilla said in its announcement, the Active Replica startup will be joining its Hubs and will be contributing to the platform in a fundamental way. The financial transaction for the deal was not unveiled, however, the integration of Active Replica into the Mozilla Hubs ecosystem will be easy, considering the fact that both outfits have…