3AC liquidators file $1.3B claim against Terraform Labs
3AC liquidators alleged that Terraform Labs misled the Singaporean hedge fund about the stability of tokens in the Terra ecosystem.
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Did XRP price just bottom against Bitcoin?
XRP price fell over 14% year-to-date pressured by Ripple's ongoing legal battle with the SEC so a bounce is in order, analysis suggests.
Terra LUNA price nears key level after rallying 45% this week
LUNA has outperformed almost every top-ranking cryptocurrency this week including Bitcoin despite the market turmoil. 393 Total views 60 Total shares A rebound rally in the Terra (LUNA) market this week risks exhaustion as the price retests a key trendline for a potential pullback.Descending channel risks LUNA declineLUNA has been trending lower inside a falling…
Bitcoin price abruptly drops 3% after miner outflows hit 5-month high
The price of Bitcoin (BTC) dropped from $10,580 to as low as $10,258 on Coinbase on Sep. 13. The 3% fall within nine hours comes after on-chain data hinted at a potential miner sell-off.Miners continue to apply high selling pressure on BitcoinThroughout the past week, on-chain analysts have said that miners have been selling relatively…
Bitfinex Withdraws $89 Million From Cold Wallet as Users Signal Exodus Over Legal Debacle
Cryptocurrency exchange Bitfinex has withdrawn funds worth almost $90 million from its cold wallet, blockchain data reported by cryptocurrency news outlet The Block confirmed on April 26.Bitfinex, which has the same owner as USD stablecoin Tether (USDT), has not publicly explained the reason for the withdrawals, which come as both companies face a fresh debacle…
Uzbekistan’s president issues decree to adopt special crypto framework
The Republic of Uzbekistan is preparing to adopt a new crypto regulatory framework including a 7.5% income tax on crypto-related salaries. 281 Total views 14 Total shares The Republic of Uzbekistan continues to progress with local cryptocurrency regulations, with Uzbek President Shavkat Mirziyoyev issuing a new decree regulating the industry.Released on Wednesday, the new decree…
The Hoff claims to have invented Bitcoin in 12th anniversary video
Nine celebrities have wished Bitcoin a happy twelfth birthday despite knowing very little about the cryptocurrency. Nine celebrities with profiles on the sponsored video-sharing platform Cameo have published messages wishing Bitcoin (BTC) a happy birthday ahead of the twelfth anniversary of the publication of its whitepaper on Oct. 31.The videos were paid for by crypto…
Solana hits record high with SOL price up over 218% in six weeks — What’s behind the rally?
Solana (SOL) prices printed another milestone of nearly $85 high on Aug. 27 as traders assessed a flurry of optimistic fundamentals, including Solana's potential foray into Wall Street.On Aug. 24, digital asset management firm Osprey Funds registered a first-of-its-kind Solana fund with the U.S. Securities and Exchange Commission (SEC). In doing so, the New York…
Blockchain Payments’ Mass Adoption Is 3-5 Years Away, Says BitPay CEO
The CEO of crypto merchant platform BitPay Stephen Pair stated that speculation on future adoption drives Bitcoin’s (BTC) price more than “actual utility,” in an interview on CNBC Dec. 13.Speaking on the reasons behind Bitcoin’s current value, compared to its historic price highs, Pair told reporters:“A very big component of the [Bitcoin’s] price is certainly…