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The post After This Harsh Rejection, This is Where Bitcoin & Ethereum Price May Bounce Back! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The beginning of the monthly trade was pretty bearish but as the markets recovered during the last trading day, it seemed as if the bulls may take back the control. The early trading hours were also pretty bullish but very quickly, the bears dominated the rally and squeezed all the gains. Currently, most of the tokens are trading around the same initial region they traded before the previous day’s surge. A popular analyst, il Cape of Crypto believes that the cryptos may plunge hard to discover new lows. And advised his 328.5K followers to stay safe and ready for a massive drop that is fast approaching into the crypto space. This is what I see: -Corrective structures everywhere. -Heatmaps really bearish. -Htf bearish divergences in play, which would take everything to new lows. -Conf...
The post Do Not Enter the Crypto Market in the Current Conditions, Wait for the Trend Confirmations! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The crypto space, ever since the beginning of 2022 trade, displayed its misty behavior and due to which many traders still remain aloof. Just after a minor spike, most of the assets experience a drastic dip, whipping out the gains of the past couple of days. Therefore, now that the bears appear to have become more impatient, it’s time for the traders to remain cautious before entering the market. The star crypto, Bitcoin is playing for around $30,000 for the past many days. The price is constantly being rejected from $32,000 levels but has also maintained the support levels at $28,700. And this is when the trend of the asset and the crypto market on a whole become unpredictable. Adding to the substance, the BTC dominance is rising constantly. At the press time, it holds 46.3% and hence being he...
The post Chaos Before LUNA 2.0 Launch! Here Are The Leaked Chats That Proves The Panic After Terra Crash appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide A Terra validator has published a communication thread between entities, including Do Kwon, as they set to open LUNA 2.0 after Terra Crash. The text logs demonstrate the panic and despair that Terra insiders were experiencing in the aftermath of LUNA’s demise. The “Terra Rebirth League” (TRL) was the Telegram group from which the discussions were stolen, and it had roughly 200 members. The debate, which began on May 12, swiftly turned into a mess with so many viewpoints Do Kwon and Sunny Aggarwal of Osmosis were among those attending for the discussion. Validators, developers, and other significant individuals took part in the conversation, in addition to high-profile people. Reason For The Mess The TRL was formed to be “a dedicated persistent task force, independently run, always critically ...
The post Large Terra Investors Exit While Retailers Continue to Buy During UST Crash – Report appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide A stable coin UST ran on the Terra blockchain ( now Terra Classic), was designed to maintain its dollar peg through both algorithms and trading incentives involving another token, Luna. The growth of Terra exploded among the mom-and-pop investors over the last two years, and they benefited with 20% of interest rates on their investments from quasi-bank, Anchor. The death spiral of UST and Luna falling down to Zero virtually shocked the crypto market. Many questions were raised on its viability too. Further, the crash also triggered a broader shock and billions of dollars vanished just in a few days. Large Investors Exit Drove Outflows The Researchers recently made the report for Jump Crypto, they pointed out on the large depositors of UST got out of the Anchor as early as May 7, whereas small deposit...
The post Will Do Kwon Face An Imprisonment? Well, Here Are The Facts appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide While the South Korean government intensifies its inquiry into Do Kwon and the Terra crash , a closer examination of legal issues reveals some surprising insights. Do Kwon and Terraform Labs are the focus of lawsuits, and tax evasion allegations have been issuing against them. Do Kwon Under Legal Scrutiny The government of the country also intends to establish a digital asset watchdog in the near future. The digital asset committee will keep an eye on the markets and develop a listing, transparency, and strong regulatory criteria. It will also interact with a team made up of the top five cryptocurrency exchanges in South Korea. But, the stakes for Do Kwon are not as high as others who lost money in Terra investments. According to a CNBC study, former federal prosecutors and regulators. Randall Eliason believes he will face fines...
The post TerraUSD Crash will Probably be the End of Most algorithmic Stablecoins appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Stablecoins are cryptocurrency usually pegged to real-world assets, and were supposed to be pegged to the U.S. dollar. Whereas stablecoins like tether (USDT) coins are backed by real world assets like fiat currencies and government bonds in order to maintain their dollar peg, USD is governed by an algorithm. The terraUSD stablecoin collapse has shocked the crypto market and is unlikely to survive further. The Co-founder and CEO of digital currency tether had told CNBC recently . The UST’s loss in its dollar peg has led its sister token luna to crash completely to $0. Governments around the World are now focusing on regulating stablecoin, the U.S Senate Banking Committee Ranking Member Pat Toomey earlier this year had released a draft set of rules on stablecoin . In addition, the U.K government had also plann...
The post Cardano Founder Has Got A Solution For Solana Network’s Outage appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Solana’s mainnet sparked a social media firestorm yesterday before pausing for a second time in such a short time. In response to a tweet about Solana’s collapse, Charles Hoskinson, the founder of Cardano, couldn’t stay away and proposed to its developers a video on how to restore ancient video games. This might help https://t.co/lw6l9SSapv https://t.co/ELOIvESiWw — Charles Hoskinson (@IOHK_Charles) June 1, 2022 When asked if he believes excessive ignorance may play a nasty trick over him like it did on Do Kwon and Luna. The Cardano creator responded that nothing is absolutely safe, and that everyone has troubles at times. Why Did The Solana Network Halt The delay on the Solana Mainnet Beta lasted roughly four and a half hours, after which validators were able to restore service to the main network. Anatoly Yakovenko...
