Altcoin Financial News

20.05 / 14:13

business Stablecoin Altcoin Terra Luna Terra Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash

The dramatic story of the Terra (LUNA) crash — referred to by some as the Lehman Brothers of crypto — has taken yet another remarkable turn as legal documents reveal the liquidation of two South Korean offices and the dissolution of the Terraform Labs Korea corporation in the days preceding the dual currency collapse.

20.05 / 12:01

markets Altcoin Terra Luna Bitcoin Bitcoin Price analyst Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance

Bitcoin (BTC) hit 48-hour highs overnight into May 20 as U.S. dollar weakness gave bulls some much-needed respite.

18.05 / 19:59

markets Ethereum Altcoin Federal Reserve Support 2 key Ethereum price metrics suggest traders will struggle to hold the $2K support level

Ether (ETH) price has been trying to establish an ascending channel since the May 12 market-wide crash that sent its price to $1,790. Currently, the altcoin’s support stands at $2,000, but the high correlation to traditional markets is causing traders to be highly skeptical s cryptocurrency market recovery.

17.05 / 00:47

markets defi Altcoin BIFI gains 100%+ after Beefy Finance adds new vaults and stablecoin liquidity pools

Winston Churchill’s statement to “never let a crisis go to waste” can be applied across many aspects of society, including the recent carnage seen in the crypto market. Last week's volatility is likely to have newer investors and those who took on heavy losses questioning the future of the burgeoning asset class, but in every bear trend there is a silver lining.

16.05 / 06:07

Blockchain Altcoin Hard Fork Terra Usd Terra Major validator calls for ‘completely new chain’ to replace Terra

As the dust settles from the Terra ecosystem crash, and the community decides what the next steps should be, the CEO of a validator runner in South Korea thinks the old Terra chain should be shut down permanently.

15.05 / 14:11

business Blockchain Binance Altcoin Terra Support Binance CEO CZ to support Terra community but expects more transparency

Changpeng “CZ” Zhao, the CEO of crypto exchange Binance, recently questioned the idea of hard forking the Terra blockchain as a means to revive the once-thriving LUNA and UST ecosystems. Following up on the same, CZ revealed his perspective on the appropriate course of action for falling projects across the crypto community.

14.05 / 13:47

markets Altcoin Terra Bitcoin Bitcoin Price Bitcoin stays under $30K as LUNA gains 600% during ‘insane volatility’

Bitcoin (BTC) failed to reclaim $30,000 into May 14 as traders looked forward to a relatively stable weekend.

13.05 / 20:29

business Trading Altcoin Terra exit Failed exit? Traders complain Crypto.com reversed profitable LUNA transactions

Cryptocurrency exchange Crypto.com has halted trading of Terra (LUNA) tokens after it determined that user transactions were quoted at an “incorrect price,” prompting severe backlash from the community.

12.05 / 20:13

markets Altcoin Bitcoin Bitcoin Price Penny Bitcoin could target $32K, says trader as LUNA crashes below one penny

Bitcoin (BTC) bulls demanded a rematch of $30,000 later on May 12 as the market recovered from its lowest levels since late 2020.

12.05 / 20:13

Blockchain Stablecoin Altcoin Terra Luna Terraform Labs Terra Breaking: Terra blockchain officially halted following LUNA price collapse

Validators for the Terra blockchain have decided to officially halt network activity on Thursday in a move designed to prevent governance attacks following the severe devaluation of the network’s LUNA token.

12.05 / 06:13

Ripple regulation Altcoin SEC Could the SEC case against Ripple falter over a conflict of interest?

Newly discovered documents could pose a major roadblock for the Securities and Exchange Commission (SEC) in its case against Ripple if they prove a former commission official had a conflict of interest.

11.05 / 22:17

Stablecoin Altcoin Terraform Labs Terra Bitcoin Why did Terra LUNA and UST crash? | Find out on The Market Report

Cryptocurrency investors never thought they’d have to ask which one of TerraUSD (UST) or LUNA would reach $1 first. On May 11, that question became the talk of the crypto-sphere as the Terra ecosystem imploded.

11.05 / 14:33

business Stablecoin Altcoin Terra Terra founder Do Kwon shares plan to save the UST stablecoin peg

Do Kwon, CEO of Terraform Labs, will not admit defeat. After an 18-hour wait in which his coins Terra (LUNA) and TerraUSD (UST) endured a face-ripping freefall, Do Kwon has announced his “rescue plan" for the Terra community.

11.05 / 07:45

business Altcoin VeChain reports VeChain Foundation reports $1.2B crypto treasury… but spent just $4M in Q1

The VeChain Foundation has released its financial report for Q1 2022 showing that the project amassed an impressive $1.2 billion war chest but only spent about $4.1 million in the quarter.

10.05 / 06:11

Stablecoin defi Altcoin Terra Usd Terra Terra peg mechanism in doubt as UST crashes to 67 cents

The third-largest stablecoin by market cap Terra USD (UST) appears to be in a catastrophic tailspin which has seen it de-peg from the dollar and drop to as low as $0.67 on May 10.

09.05 / 19:17

Altcoin Cointelegraph Consulting Digital Asset Management Asset management Over 20 investment funds hold Dash, and 40 more plan to add it: Report

Cointelegraph Research conducted a first-of-its-kind survey querying over 2,000 global crypto funds and certificates to gain an insight into their investment allocations during 2021. The survey was conducted via email between March 2021 and December 2021. The 200 funds that responded collectively managed approximately $1.2 billion in cryptocurrency and blockchain investments.

09.05 / 17:07

markets Trading Altcoin Drop SHIB price eyes 30% drop with Shiba Inu's massive triangle breakdown underway

Shiba Inu (SHIB) price dropped by over 10% to $0.00001641 on May 9 amid a broader crypto market decline. This year, SHIB's returns were 50% below zero, one of the worst performances by a top-ranking cryptocurrency in 2022.

08.05 / 12:09

markets Altcoin Terra Bitcoin Bitcoin Price Bitcoin price target now $29K, trader warns after Terra weathers $285M 'FUD' attack

Bitcoin (BTC) prepared for a rare bear feature to return on May 8 after an overnight sell-off took the market ever closer to January lows.

07.05 / 15:09

markets Trading Altcoin Anchor Protocol rebounds sharply after falling 70% in just two months — what's next for ANC?

Anchor Protocol (ANC) returned to its bullish form this May after plunging by over 70% in the previous two months.

06.05 / 05:59

Blockchain Ethereum Altcoin Hop Protocol reveals details of Hop DAO and Optimism-style airdrop

Hop Protocol, a cross-chain bridge designed to facilitate the quick transfer of tokens between different Ethereum Layer-2 scaling solutions, has unveiled a new governance model alongside an airdrop that will see early users receive 8% of the total supply of soon-to-be-released HOP tokens.

05.05 / 16:17

markets Altcoin avalanche AVAX price Avalanche rebounds 25% in five days as AVAX price tests key level — big rally ahead?

Avalanche (AVAX) has rebounded strongly five days after testing a key inflection area as its support. Now, the AVAX/USD pair faces the possibility of continuing its upside retracement move further into Q2.

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