Markets

After a successful first phase of IEO, the world’s biggest art token – ARTRINO, is now holding the second phase of IEO on two exchanges, IndoEx and Coinsbit. The IEO on IndoEX starts on May 9 and will end on May 14, and the listing has been scheduled for May 15, 2022, with ArtRino offering a 50% bonus. On the other hand, the IEO on CoinsBit will be a tad longer and extend from May 10 to May 19, with the listing date set for May 20. ArtRino is all about art and ensuring...

Terra validators have reportedly decided to freeze Terra’s blockchain due to LUNA’s collapsing market price. The team argues that at such low costs, a whale buyer could easily commit a governance attack on the network. The chain was officially frozen at block 7,603,700, making native transactions on Terra’s blockchain impossible. Terra (LUNA), which has seen a price collapse of over 99% within the past week, also serves as the protocol’s governance token. Governance tokens...

Bitcoin plunged to a 16-month low, while the altcoins suffered even more in the past week or so. Despite bouncing off and reclaiming some ground, the situation is still dire, and Cardano’s Charles Hoskinson provided his outtake on it. Charles Hoskinson’s Views Cardano Founder Charles Hoskinson noted that the market is deep in a new crypto winter, and it will take weeks or even months for a bottom to appear, following which there will be some respite. According to him, the...

Axie Infinity Shards (AXS) appear to be one of the only cryptocurrencies to trade up slightly in the past 24 hours, despite the current bear market. Buyers appear optimistic over the blockchain game’s Origin Android APK launch, announced over Discord on Thursday. According to the announcement, the update will include UI improvements, and a “full HD graphic” option in the game’s settings. It will also make the game run at a faster pace by having all status and rune effects...

EOS price started a fresh decline from the $1.80 resistance against the US Dollar. The price is now trading below $1.5 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.60 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend its decline below the $1.20 support zone in the near term. EOS price is gaining pace below $1.40 against the US Dollar, similar to bitcoin. The price...

Litecoin started a fresh decline from the $85 resistance against the US Dollar. LTC price is now trading below $75 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $66 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could accelerate lower towards the $52 and $50 support levels in the near term. Litecoin price is gaining pace below $70 against the US Dollar, similar to bitcoin. LTC...

The Chairman of the Financial Stability Board (FSB) – Klaas Knot – raised concerns that the cryptocurrency sector could harm the monetary network in the future. In his view, the digital asset market is expanding at a fast pace, while some of the tokens are employed by criminals in illicit activities. “For these reasons, policy work on crypto assets is a priority for the FSB,” the executive outlined. The FSB Wants to Regulate “Unbacked” Crypto The lack of an appropriate...

Grayscale – the world’s largest Bitcoin fund – reportedly met with the Securities and Exchange Commission (SEC) in private last week. The company argued that the commission should approve its transition into a Bitcoin Spot ETF to unlock over $8 billion in value for its investors. Why Convert Grayscale? In a presentation shared with CNBC, Grayscale claimed that a Bitcoin spot ETF would be “no riskier than a Bitcoin futures ETF”. The company believes that both spot and futures...

Blockchain intelligence startup Chainalysis has raised $170 million at a valuation of $8.6 billion, double from $4.2 billion in June last year. Given the current market crash where bitcoin fell below $30,000 on Monday, many believed that the rush of investors backing up crypto startups seen last year might cease. But Chainalysis in the latest round has seen its valuation increasing twofold, suggesting that investors are still favoring businesses in the crypto space. $170...

Bitcoin’s price has now broken well below $30,000, touching down to $28,228 just moments ago. That’s Bitcoin’s cheapest price since January 4th, 2021, retracing some of the gains made in its early bull market. On Wednesday at 20:50 UST, Bitcoin’s price slipped from $29,000 to $28,228 within less than 5 minutes. The price remains at $28,551 at the time of writing, down about 8% on the day. The rest of the crypto market is also struggling with Ethereum barely holding $2000 as a...