On Monday, Do Kwon, co-founder of the troubled Terra Luna blockchain, announced a revised plan to restore the ecosystem after a combination of significant market volatility and inherent protocol design flaws wiped out a vast majority of the blockchain’s market cap. As told by Kwon, Terraform Labs will put forth a new governance proposal on May 18 to fork the…
Bitcoin price volatility seems to have been a sale klaxon for institutional investors last week, some of which poured $299 million into exchange-traded Bitcoin funds, according to a new CoinShares report. It’s an unprecedented level of bullish investment in Bitcoin funds during extreme market volatility, according to James Butterfill, CoinShares’ head of research. “It’s the largest since October 2021,” he…
B3, the Brazilian stock exchange, will begin trading BTC futures in three to six months.This past January, the CFO of B3 announced plans to trade futures based on bitcoin and other cryptocurrencies.The CFO also mentioned becoming a service provider of custodial solutions, as well as a settlement provider for the growing ecosystem during January. The Brazilian stock exchange known as…
Just recently, the product comparison platform finder․com polled 36 fintech specialists about the cryptocurrency terra (LUNA) before terrausd (UST) lost its parity with the U.S. dollar. According to the poll, Finder’s experts predicted LUNA would be $143 before the end of the year. Currently, LUNA is worth far less than a U.S. penny and while it has gained over 23,000%…
Bitcoin could eventually attempt a relief rally which might trigger a rebound in MANA, MKR, ZEC and KCS price. Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-mana-mkr-zec-kcs
In brief Kemal El Moujahid, a Facebook veteran, oversaw TensorFlow at Google His AI expertise is likely to help Chainlink better identify authorities for its oracle. Chainlink is the most popular “oracle” in the crypto ecosystem, serving as an essential source of information for millions of smart contracts—supplying reliable data on everything from prices to asset location to weather. That’s…
One of the largest landowners in Texas has partnered with a digital infrastructure provider and bitcoin miner for a mining facility in West Texas. The mining venture will see up to 60 MW of bitcoin mining capacity. JAI Energy is the largest bitcoin mining farm in the state of Wyoming. Texas Pacific Land Corporation (NYSE: TPL) – one of the…
Binance’s Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a $3 million investment in Terra have not been sold or moved. Binance’s LUNA Tokens Not Sold After his exchange faced criticism for its handling of LUNA tokens,…
Bitcoin (BTC) needs to hold current levels and work to reclaim higher ones to avoid a crash in the $20,000 range, the latest analysis warns. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Is $20,000 incoming? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD still failing to cement $30,000 as support on the May 16 Wall Street open. The pair had…
Despite BTC and ETH trading lower on Monday, several cryptocurrencies managed to move higher to start the week. XMR was one of the biggest climbers, with solana also moving higher during the session. Monero (XMR) XMR was one of Monday’s biggest gainers, as prices rose by almost $20 from lows during Sunday’s session. Following a low of $128.00 on Sunday,…
