Crypto news

The news has already stirred the crypto ecosystem with many of the affected holders of LUNA yet to recover their losses. Do Kwon, the co-founder of Terraform Labs has been reportedly arrested in Montenegro, months after he vanished after the implosion of Terra (LUNA) and its algorithmic stablecoin UST. The arrest of Do Kwon was shared through a Tweet from Filip Adzic, the country’s minister of interior. At a time over the past year, Do Kwon was declared one of the most wanted men in the...

The Bank of Zambia has announced it’s considering adopting digital currency legislation so that it can test the technology behind crypto to see about its viability as a payment method. Zambia Sees Crypto in a Whole New Light Felix Mutati – the technology and science minister in Zambia – stated in a recent interview: The testing of the technology on regulating cryptocurrency will be upscaled in due course as part of deliberate measures to achieve an inclusive digital...

Ethereum layer 2 scaling solution Arbitrum has initiated its long-awaited token airdrop, bringing protocol governance rights to the entire community.  The governance token, ARB, trades for $1.38 at writing time – falling significantly from when the airdrop began.  ARB spiked to $8.67 apiece following its airdrop at 9:05 am ET, before quickly plummeting to nearly $1.00 within an hour, according to data from CoinGecko. Heavy traffic at the time of the airdrop caused the claim...

The much-anticipated Arbitrum ARB governance token airdrop marks the beginning of its transition into a self-executing DAO governance, and the activity on the network has soared to levels never seen before. The Ethereum-layer 2 scaling system that uses Optimistic rollups technology to facilitate faster and cheaper transactions has already been on a roll lately. The daily transaction on Arbitrum has now hit an all-time high of 1,312,052. The last peak was registered a month...

Bitcoin – the world’s number one cryptocurrency by market cap – has had a couple of solid months. So solid, in fact, that it looks like many people are once again viewing the digital currency as a “safe haven,” something that clearly wasn’t occurring in 2022. Bitcoin Is a “Safe Haven” Once Again Last year was arguably the worst period on record for bitcoin and crypto. The digital asset wound up losing more than 70 percent of its overall value after hitting a new all-time...

Do Kwon, the co-founder of Terraform Labs, who has been on the run since the $40 billion collapse of the Terra-Luna ecosystem in May, has been reportedly arrested by the local police in Montenegro. According to a tweet by Montenegro’s minister of interior, Filip Adzic, the police apprehended someone suspected of being Kwon at the Podgorica airport, and authorities are waiting for official confirmation of identity. Recall that Kwon was reportedly last seen in Serbia after...

Bitcoin’s impulsive rally seems to have temporarily halted, and the price will likely enter a correction phase before the next leg up. Overall, Bitcoin is facing significant resistance at the $30K level, which hasn’t been tested yet. Technical Analysis By Shayan The Daily Chart After forming a pullback to the 61.8% level of the Fibonacci entrancement level at $19.6K, the price initiated a massive rally with a current high above $28K. However, the bulls couldn’t reach the...

Some of the solutions being developed on Radix include but are not limited to those hinged on dApps for trading, saving, lending, borrowing, gaming, NFTs, and wallets. Blockchain-based Web 3.0 startup Radix Token has announced it has raised the sum of $10 million in new funding as it continues to bolster its engagement to help chart the evolution of the blockchain ecosystem. According to a Press Release shared with Coinspeaker, the Radix funding was led by DWF Labs, one of the biggest...

Mike McGlone anticipates a Bitcoin Supercycle due to the asset’s raving performance despite economic circumstances. Commodity strategist Mike McGlone believes that a Bitcoin (BTC) Supercycle is on the horizon amid the leading crypto’s 2023 price upswing. According to the Bloomberg Intelligence senior commodity strategist, BTC’s recent performance compared to gold proves his claim. The prominent digital currency has outperformed gold almost tenfold this year and appears set to continue...

The Brazilian supermodel Gisele Bündchen said her financial advisers pushed her into investing in the now-bankrupt exchange FTX, describing it as “a sound and great” opportunity. She and her ex-husband – the NFL legend Tom Brady – are among the numerous people who parted with substantial funds due to their involvement with the former crypto giant. Praying for Justice The massive demise of the cryptocurrency exchange FTX in November last year left multiple investors...