The Australian fintech company has seen a surge in investors wanting a “less risky version” of double-digit crypto returns.
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Finder’s Bitcoin Prediction Report Expects BTC to Bottom at $13,676 and End the Year at $25,473
According to the latest crypto prediction report published by the product comparison platform finder.com, 77% of 53 fintech specialists polled in the report say cryptocurrency markets are officially in a “crypto winter.” The poll further explains that only 29% of the report’s participants believe the bear market will end in 2022. While bitcoin is expected […]Powered by WPeMatico
Troubled Crypto Hedge Fund 3AC Reprimanded by Singapore’s Monetary Authority, Liquidators Eye Su Zhu’s Properties
On Wednesday, it was reported that the crypto hedge fund Three Arrows Capital (3AC) was liquidated by a British Virgin Islands court and following the alleged liquidation, the Monetary Authority of Singapore (MAS) has reprimanded 3AC for misleading regulators. Furthermore, reports claim that liquidators in Singapore are attempting to seize the properties owned by 3AC […]Powered by WPeMatico
FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming
In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail. Bankman-Fried’s FTX and Alameda Research have already helped Blockfi and Voyager Digital as the 30-year-old billionaire says sometimes you have to do “what it takes to sort of stabilize things […]Powered by WPeMatico
Bitcoin, Ethereum Price Down Over 30% This Week, Terra Classic (LUNC) Overtakes Terra 2.0 (LUNA) in Market Cap
Even with the Fed raising interest rates by unprecedented amounts, last week’s Consumer Price Index (CPI) numbers showed a further 6% gain. Record gas prices continue to drive inflation at an incredible rate, causing uncertainty in global markets. Since the Bitcoin and Ethereum prices continue to follow stock market actions, we’re seeing further losses as BTC price is down 4.76% while Ethereum is down 7.86% in the past 24 hours. Bitcoin is currently trading at $21.3k, struggling to hold support, while Ethereum is trading at $1.1k with a risk of dropping below $1k if the bear market continues. Bitcoin Price
The post Bitcoin, Ethereum Price Down Over 30% This Week, Terra Classic (LUNC) Overtakes Terra 2.0 (LUNA) in Market Cap appeared first on The Merkle News.
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Shady WLUNA Contract Bridge Spells Trouble for the Terra Luna Community
Wrapped Luna Classic (WLUNA) is an Ethereum token designed to represent Terra (LUNA) on the blockchain. It’s not LUNA but a distinct ERC-20 token created to track the value of LUNA. Wrapped Luna Classic was intended to allow LUNA holders to trade, hold, and engage in Ethereum-based decentralized finance (DeFi) dApps. 1 LUNA can be exchanged for 1 Wrapped Luna Classic through a Wrapped Luna Classic partner, and vice versa. The Idea Behind Wrapped LUNA Wrapped tokens can also be defined as a tokenized version of another coin that is usually tied to the value of the asset it represents.
The post Shady WLUNA Contract Bridge Spells Trouble for the Terra Luna Community appeared first on The Merkle News.
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Bitcoin Price Continues Losses as Metaverse Crypto Coins Show Significant Gains
As expected, this week, the stock market opened in a bear market, with the Dow losing 876 points, S&P falling into bear territory, and the Nasdaq selloff continuing. Bitcoin and Ethereum saw significant bearish momentum on Monday, which continued through Tuesday, with the Bitcoin price losing nearly 25% this week and the Ethereum price down over 30% in the past seven days. However, surprisingly Metaverse crypto coins saw price gains of up to 20% today, signaling a potential altcoin season upcoming for crypto markets. Altcoin Season Coming for Metaverse and NFT Projects? While currently, the market is still not in
The post Bitcoin Price Continues Losses as Metaverse Crypto Coins Show Significant Gains appeared first on The Merkle News.
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Bitcoin and Ethereum Prices Show Significant Losses as Bear Market Continues
Bitcoin and Ethereum prices show significant losses this Monday, with BTC trading at $23.7k and ETH dropping nearly 16% to $1.2k. Current cryptocurrency prices are bringing the market back to January 2021, with the global market cap finally dropping below the $1 trillion level, currently at $965 billion. Panic at the Market There’s evident panic in the cryptocurrency markets as Bitcoin price is down over 24% and Ethereum price is down over 35% this week. The culprit behind the substantial bearish momentum is looming recession risks and the continuing rise of inflation. Stock market prices are diving, the economy is
The post Bitcoin and Ethereum Prices Show Significant Losses as Bear Market Continues appeared first on The Merkle News.
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Terra 2.0 (LUNA) Price Hovers at $2.7, Do Kwon Refutes Rumors of Cashing Out $2.7 Billion of Coins
The Bitcoin and Ethereum price continues to face bearish pressure as the global cryptocurrency market shows a 4.55% decline in the past 24 hours. The BTC price is down over 4%, currently trading at $27.6k, and ETH is down 6.87%, currently trading at $1.4k. Surprisingly, Terra 2.0 (LUNA) price managed to gain 4% today as Do Kwon took to Twitter to refute rumors of him cashing out over $2 billion worth of Terra Luna coins via anonymous wallets. Global Markets Dive as Inflation Soars The cryptocurrency market selloff extends through this Sunday as rising inflation threatens global and crypto markets.
The post Terra 2.0 (LUNA) Price Hovers at $2.7, Do Kwon Refutes Rumors of Cashing Out $2.7 Billion of Coins appeared first on The Merkle News.
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Terra 2.0 (LUNA) Price Continues to Drop as Bitcoin and Ethereum Face Bearish Pressure
This weekend is rough for the global crypto market as it’s nearing a year low. Bitcoin struggles to hold support, dipping below $19k, and Ethereum is facing significant bearish pressure as the ETH price is down 10%, currently trading at $1,500. As Terra 2.0 (LUNA) is considered an altcoin, it’s no surprise that LUNA is also amplifying BTC’s movements and is down 11% this Saturday, currently trading at $2.6. Terra 2.0 (LUNA) Price is Down, but Ecosystem Continues to Grow Even though Terra 2.0 (LUNA) has been losing value rapidly this past week, the ecosystem continues to expand at an
The post Terra 2.0 (LUNA) Price Continues to Drop as Bitcoin and Ethereum Face Bearish Pressure appeared first on The Merkle News.
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