Crypto news

Earlier this month, the crypto industry suffered a huge setback after Terra’s algorithmic stablecoin UST depegged from the US dollar and caused LUNA to lose 99.9% of its value. Shortly after the crash, Terraform Labs’ CEO Do Kwon proposed a revival plan for the Terra ecosystem. It centered on forking the current chain, abandoning UST, and creating a new token that will be distributed to investors based on the losses they incurred during the catastrophic event. Do Kwon Shares...

American video game retailer GameStop announced the launch of its digital asset wallet. Following the development, shares of GameStop (GME) rose by more than 2% premarket on Monday to $98.02. It was currently trading at $95.66. GameStop Wallet GameStop’s new self-custodial Ethereum wallet will allow users to store, send, receive and use cryptocurrencies and non-fungible tokens (NFTs) across decentralized apps without having to leave their web browsers, the company said. It is...

Early this week, the crypto market turned green. During the last two days, altcoins have outperformed BTC, and this includes ETH. The latter was able to reclaim the $2K mark. However, is the storm over? Technical Analysis Technical Analysis By Grizzly The Daily Chart Ethereum is near a critical support level that might hold up the price in the daily timeframe. Moreover, by looking at the RSI 30-day indicator, it is evident that prior bullish legs have occurred when the RSI...

Despite reclaiming the $30,000 mark late last night, bitcoin still closed the weekly candle in the red. Thus, the cryptocurrency extended its negative streak to eight consecutive weeks. 8 in a Row in Red A lot can change in the cryptocurrency space in two months, and it definitely did for bitcoin. The asset stood close to $50,000 at the end of March, and when the community expected a run towards that level, the landscape changed, BTC reversed its trajectory and headed for its...

The President of the European Central Bank (ECB) – Christine Lagarde – reiterated her negative stance on cryptocurrencies, claiming they are “based on nothing” and should be strictly regulated. Nonetheless, she revealed that one of her sons had distributed some of his wealth into the digital asset market. Diving Into Crypto Despite Mom’s Advice Numerous central bankers have criticized the cryptocurrency sector over the past few years. The French politician and the ECB’s...

Paul Chou is the founding CEO of Ledger X, a crypto wallet system. At only 38 years of age, he is one of the most successful crypto entrepreneurs in the space, and he recently sold his company to Sam Bankman-Fried of FTX fame, suggesting the wallet protocols will now become part of this new and growing exchange. Paul Chou Is Building a Universal Cryptocurrency Now, Chou has his sights set on a new crypto project. He’s looking to create a new digital token called...

Not long ago, Fidelity Investments announced that customers would be able to invest in crypto like bitcoin through their 401Ks and retirement accounts. In addition, several businesses offering 401Ks to their employees could soon see these individuals purchase assets like BTC, ether, and maybe even Dogecoin through their company-funded retirement profiles. Fidelity Moves Forward with Crypto The news was widely welcomed in the crypto space, with many analysts saying it...

The bitcoin price has been going through some tough times in the month of May. The currency has been trading in the high $30,000 range after several market factors – including rumors that the Fed was going to hike rates and growing conflict in eastern Europe between Ukraine and Russia – took the world’s number one digital currency by market cap down nearly 50 percent from its November 2021 high. At that time, BTC was trading at nearly $70,000. The Fed Won’t Hike Rates...

INTERNET CITY, DUBAI, May. 19, 2022 – LBank Exchange, a global digital asset trading platform, will list FidoMeta (FMC) on May 23, 2022. For all users of LBank Exchange, the FMC/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on May 23, 2022. As the world’s first virtual financial institution on metaverse, FidoMeta (FMC) focuses on creating businesses in the world of VR (Virtual Reality), with products and services including Fido Markets, Fido...

Despite the many losses his company has incurred due to bitcoin’s price swings, Michael Saylor of MicroStrategy says he remains a bitcoin fan and he’ll never doubt the asset’s abilities. Michael Saylor Still Trusts Bitcoin At the time of writing, bitcoin – the world’s largest and most popular cryptocurrency by market cap – has dropped to around $39,000 per unit. This may not seem bad on paper, but when one considers the fact that the asset was trading for just shy of...