On May 26th, after the LUNA debacle, the old luna chain (now called LUNC) pivoted to a sister chain LUNA 2.0. As part of the transition to Terra 2.0, new LUNA coins got airdropped to LUNA, UST (now called USTC), and aUST holders based on the two snapshots outlined in the Terra Ecosystem Revival Plan. On November 24th, few of these airdropped LUNA tokens are to be unlocked.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The market structure remained bearish on the 4-hour chart $0.086 could prove to be a crucial level over the next two days of trading Bitcoin sank as low as $15.5k over the past two days of trading but quickly reversed and fought to climb back above $16.2k. However, it still faced resistance at the $16.5k-$16.7k region. Dogecoin followed Bitcoin on the charts...
It seems that on Tuesday (22 November 2022) Silicon Valley venture capital firm Sequoia Capital had a conference call with investors in its fund(s) that had exposure to FTX.com and FTX US. On 8 November 2022, Samuel Bankman-Fried (aka “SBF”), Co-Founder and (now) former CEO of crypto exchange...
As expected, Governor Kathy Hochul has signed into law a moratorium on Bitcoin mining in New York. The law is the first of its kind and raises far-reaching questions. Specifically, Hochul signed a bill that bans new Bitcoin mining operations that use carbon-based energy sources. However, because the bill is narrowly drawn, the state’s dozen or so operations that draw power from the grid are not affected. Nor are solo miners affected. In addition, the moratorium does not...
On Tuesday (22 November 2022), Michael Saylor, Co-Founder and Executive Chairman at business intelligence software company MicroStrategy Inc. (Nasdaq: MSTR), made comments that suggested he believes Bitcoin should be judged on its own and not considered as a synonym for crypto. It is worth remembering that on...
BNB has managed to outperform some of the top cryptocurrencies in terms of its ability to hold value. The robust utility of the BSC contributed greatly to sustaining BNB’s demand. BNB has performed better than Bitcoin (BTC) and Ethereum (ETH) in terms of price performance during the bear market. It was drawn down by 61% from its ATH at its latest price level. Meanwhile, both BTC and ETH were drawn down by over 77%. BNB will likely retain its position among...
Cryptocurrency Price Today Live: Crypto market is back in a bull run on Wednesday. After the FTX crash, most of the top cryptocurrencies faces a serious dip for some time. Bitcoin prices today rise by 4% and bounce back to the 16k mark. The market capitalization of all cryptocurrencies was up around $820 billion in the previous day, increasing by as much as 4%. However, the overall trading volume decreased by almost 6% to $62.21 billion. Live 2022-11-23T11:15:00+5:30
On Tuesday, November 22, in a letter to staff, FTX founder Sam Bankman-Fried outlined a $51 billion crash in the company’s collateral which has dropped to $9 billion from $60 billion. In his letter obtained by Bloomberg, SBF wrote that a combination of sell-offs in cryptocurrencies, a credit squeeze, and a “run on the bank” left the collateral at only $9 billion ahead of the company’s filing for Chapter 11 bankruptcy. The estimated liabilities by then had reached $8 billion. The...
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