Poor macroeconomic sentiment, fears of inflation, and systemic risks from the crypto market pushed bitcoin below 2017’s highs. Author: Shaurya Malwa Source link
What Traders Are Saying About Bitcoin's Biggest Monthly Loss in 11 Years
Author: Shaurya Malwa
What Analysts Are Saying After Crypto Lender Celsius Paused Withdrawals; BTC Drops Below $23K
Bitcoin was recently trading at about $22,500, down more than 16% over the past day. As for major altcoins, the question wasn’t whether they were in the red but by how much. Ether, the second largest crypto by market cap, was changing hands at roughly $1,200, off over 17% during the same period and its lowest level since January 2021. CRO was off more than 20% at one point amid news that the crypto exchange would pare about 5% of its workforce, roughly 260 jobs. Wrapped bitcoin (WBTC) and TRX…
Ether Accounts for Almost Half of $520M Liquidations Amid Weak On-Chain Data
Price-charts suggest support at current levels and resistance at $1,900, which acted as pivotal support earlier this month. Similar prices were previously seen in July 2021, and losing the level could see ether drop to the $1,300-$1,500 range or lower. Author: Shaurya Malwa Source link
Bitcoin Sees Weakness at $29K as Traders Assess Fed Minutes
“A formal break of consolidation beyond the previous local extremes, which are located at $30,200 and $29,300, in a sharp move would trigger a wave of liquidation of positions,” Kuptsikevich said. Liquidations typically cause sudden movement of prices as traders cover their positions to protect against losses. Author: Shaurya Malwa Source link
cómo serán distribuidos los ‘nuevos’ LUNA
Un snapshot —es decir, un registro del estado de una blockchain en un momento específico— permitirá a Terra enviar los tokens LUNA recién emitidos a los titulares de los antiguos LUNA. Esto, en teoría, permitiría a los antiguos titulares recuperar parte del valor de inversión perdido al tiempo que incentivaría el uso de la nueva cadena de bloques. Author: Shaurya Malwa Source link
ICO-Funded Project Sparkster Converts $22M in Ether to USDC After 3 Years, No Product
The pseudonymous blockchain analyst zachxbt first reported the findings. One of the wallets, tagged “Sparkster: Wallet 5” on blockchain explorer Etherscan, saw some 2,599 ETH converted to USDC. The wallet was last active 1,371 days ago, or in August 2018. Author: Shaurya Malwa Source link
las aplicaciones DeFi de Terra han perdido $28.000 millones
“Se ha perdido la confianza, pero en caso de compensación por pérdidas y devolución de fondos, hay posibilidades de que se restablezca”, dijo a CoinDesk el director Ejecutivo de KuCoin, Johnny Lyu, en un correo electrónico. “Si el ecosistema y el equipo pueden manejar el proceso de recuperación de manera inteligente, será una señal positiva no solo para los inversores del proyecto, sino también para los nuevos usuarios y todo el mercado”. Author: Shaurya Malwa Source link
KuCoin Plans to Bolster DeFi Activity on Its Blockchain After $150M Raise; Cryptos Gain
Bitcoin was recently changing hands at around $30,200, up more than 4.4% over the past 24 hours. The increase outperformed ether, which rose a little more than 3.5% during the same period, and other cryptos, most of which also registered smaller gains as investors continued to prefer the best-known digital asset over smaller, riskier ones. XRP, SOL, ADA and MATIC rose less than a percentage point. AVAX was among the losers, recently dropping more than 3%. Author: Shaurya Malwa Source link
Solana, Cardano Tokens Slide Over 9% as Cryptos See Weakness Amid Poor US Consumer Data
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Nearly 5,505 Ether, or $10M of the $625M Ronin Exploit, Are on the Move
Ronin Network was hit by a $625 million exploit in March that affected Ronin validator nodes for Sky Mavis, the publisher of the popular Axie Infinity game, and the Axie DAO. The attacker “used hacked private keys in order to forge fake withdrawals,” Ronin said in a blog post at the time, explaining the exploit. Author: Shaurya Malwa Source link