The price of Terra (LUNA2) has recovered sharply nine days after falling to its historic lows of $1.62. On June 27, LUNA2’s rate reached $2.77 per token, thus chalking up a 70% recovery when measured from the said low. Still, the token traded 77.35% lower than its record high of $12.24, set on May 30. LUNA2’s recovery mirrored similar retracement…
Author: Crypto Superhero
Bitcoin Fiat Reality Real Estate
This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience. Real estate is a fiat possession. Not only is it ridiculously expensive, but it’s also difficult to maintain. Anyone that buys property is buying themselves a job. It’s the epitome of the quote from Fight Club: “The things…
DOGE Nears 20-Day High, as TRON Also Surges – Market Updates Bitcoin News
DOGE was trading higher on Monday, as prices rose to their highest level in almost 20 days. TRX was also in the green to start the week, as prices continued to climb, following a recent streak of bullish momentum. Dogecoin (DOGE) DOGE was a notable mover during today’s session, as prices rose to their highest point in nearly 20 days.…
Goldman Sachs downgrades Coinbase stock to ‘sell’
Shares of Coinbase Global Inc. (COIN) have been downgraded by analysts at Goldman Sachs after plunging cryptocurrency prices affected the exchange’s underlying business, underscoring the challenges posed by the bear market. The reason for the downgrade stems from the “continued downdraft in crypto prices,” Goldman analyst William Nance said in a note that was obtained by Bloomberg. The analyst said…
Bitcoin Funds Saw $453M in Outflows Last Week: CoinShares
Outflows for Bitcoin-specific funds totaled $453 million, wiping off all the inflows made over the past six months, according to a CoinShares report. The funds measured are investment products that give traditional investors exposure to crypto without having to also custody of said crypto themselves. When investors buy a crypto-based fund, it is called inflows and is usually a bullish…
Bitcoin Magazine To Launch Bitcoin Amsterdam Conference In October
In collaboration with Amsterdam Decentralized and Westergas, Bitcoin Magazine is taking its signature Bitcoin Conference event to Europe this October. Bitcoin Magazine is launching its first European Bitcoin conference event in pursuit of hyperbitcoinization – Bitcoin Amsterdam.The event will be held from October 12-14 at the iconic Westergas venue in Amsterdam. As Bitcoin Magazine extends to Europe, the company promises…
BTC, ETH Lower, as Both Run Into Strong Resistance – Market Updates Bitcoin News
Bitcoin remained close to a ten-day high on Monday, as prices consolidated following gains from the weekend. Although ETH was lower to start the week, it was also able to remain close to Sunday’s peak around the $1,280 level. Bitcoin BTC was consolidating during today’s trading session, as bulls appear to have secured some profits following recent gains. Coming from…
Metaverse can’t be built on the corporate business model, says EY innovation lead
Magnus Jones, the innovation lead at big four accounting firm Ernst & Young (EY), believes that the Metaverse would be led by the younger generation and cannot be built on the same principles of the corporate business model. Jones’s comments came during an exclusive interview with Cointelegraph managing editor Alex Cohen at the European Blockchain Convention (EBC) 2022. The EY…
Bitcoin price dips under $21K while exchanges see record outflow trend
Bitcoin (BTC) sold off into the June 27 Wall Street open as United States equities fell. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $25,000 eyed as bulls’ line in the sand Data from Cointelegraph Markets Pro and TradingView showed BTC/USD following stock markets downhill as the last week of June began. At the time of writing, the pair traded below $21,000,…
$4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales – Bitcoin News
Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, which quotes the co-founder of mining company Luxor Technologies, Ethan Vera, says that roughly $4 billion in loans backed by crypto mining rigs are extremely close to running a…