When the crypto market decline began, Ethereum prices dropped from the all- time high price of $4,850 and touched a low of $880. When prices dropped below the psychological price of $1,000, many investors worried that ETH prices would touch even lower marks. Yet, prices shifted instantly above 1K. Today, the Ethereum price increased by more than 10% as the crypto market turns green....
Quick take: Dr. Nouriel Roubini is reportedly working on a tokenized asset that is more resilient than the US dollar He is working with Dubai-based Atlas Capital Team LP Dr. Roubini emphasizes that the token will be backed by real assets, a mixture of short-term US Treasuries, gold, and US property His involvement in a crypto-project comes as a surprise as Dr. Roubini...
Are algorithmic stablecoins trying to clone the intrinsic qualities of fiat money or dollar; like security? The recent craze over algorithmic stablecoins has stirred mixed reactions from the crypto community. For crying out loud, it has been an emotional contagion for crypto enthusiasts everywhere. So, is it overkill? Are algorithmic...
Quick take: The narrative of Bitcoin being a store of value is gathering momentum Countries are diversifying their foreign currency reserves away from the US Dollar The war in Ukraine could accelerate the de-dollarization of FX reserves as investors, corporate treasures, and possibly central banks look to Bitcoin as a store of value According to J.p. Morgan, the proportion of reserves allocated to...
Terra (LUNA) led a rout in altcoins on Saturday as worsening sentiment saw investors lock-in recent gains in the market. Most major altcoins also saw sharp losses for the week. LUNA fell 11% to an over one-week low of $94.13. It was trading nearly 27% below a record high hit earlier in the week, and...
Cardano (ADA) saw holdings among large traders hit an all-time low during its latest rally. The token surged from 2022 lows on increasing interest in proof- of-stake (PoS) blockchains, as well as an influx of institutional traders....
Terra' LUNA cryptocurrency has surged to a new all-time high of $112 registering another 10% gain earlier today. As of press time, LUNA is trading at a...
Ethereum Layer-1 competitor Solana (SOL) is making strong moves to the north. The SOL price has surged...
Cardano (ADA) has been showing strength over the last week making strong moves to the north. The native ADA cryptocurrency is trading 14% up and is...
Terra founder Do Kwon recently placed a $1 million bet with a trader on twitter that the price of LUNA, the native token on the Terra blockchain, will stay above $88 a year from now. Kwon responded to a challenge issued by @AlgodTrading. The two parties then proceeded to lock in their bet with @cobie,...
One cryptocurrency which has been largely resilient to the recent cryptocurrency market correction is Terra's LUNA. It has succeeded in holding its guard with the LUNA price inching closer to $100. As of press time, LUNA is trading in the positive territory at a price of $97.27, unlike other top ten cryptocurrencies. The performance comes...
Bitcoin price remains stuck ranging around lows near $38,000. However, the price per coin trading against the Russian ruble has set a new record all-time high as the nation’s currency is in fiat free fall. While stronger currencies like the dollar have yet to follow, is the chart you’re about to see a prelude to...
Bitcoin can function without the need for a centralised authority such as a central bank or a corporation. It differs from government-issued or fiat currencies such as the US dollar or the euro, which are controlled by the country's central bank. The current price of bitcoin is $43,628.51, with a 24-hour trading volume of $22,526,166,350. In the last 24 hours, the price of...
Terra's native cryptocurrency LUNA has witnessed a strong rally despite the market volatility in recent times. The LUNA crypto is aiming a move to its new all-time high and is currently trading 7.5% up at a price of $95.36...
LUNA, the native cryptocurrency of the Terra ecosystem has surged by 10% in the last 24-hours with its price shooting past $55 once again. This comes as the Luna Foundation Guard (LFG) raises $1 billion through an...
Although the sell-off in the broader cryptocurrency market has slowed down a bit, that's not really the case for Terra's LUNA. The LUNA cryptocurrency is down another 12% today dropping under $44 while extending its weekly losses to 35%....
The recent cryptocurrency market crash was a harsh one. Not only did cryptos crash more than 50%, but there seems to be strong selling pressure that did not end yet. XRP is known to be a lagging cryptocurrency. When the crypto market is soaring, XRP barely moves and makes its leap when most cryptos stop increasing in value. Recently, XRP crashed around 50%....
Using the OSI model helps us understand fiat architecture and how to scale a network like Bitcoin to replace it.This is the second article in a series about lessons that can inform bitcoin’s replacement of the U.S. dollar. Read the first article in the series, on leaving the gold standard, here....
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