Terraform Labs CEO Do Kwon has conceded that a crash in the price of Bitcoin would be “negative” for the stability of the UST stablecoin, but that he expects Bitcoin to go up. Terraform Labs is the entity behind the Terra (LUNA) blockchain platform which plans on buying a total of $3 billion in Bitcoin as a reserve for the UST stablecoin. Kwon made the comments in an interview on the Unchained podcast on Mar. 29. Host Laura Shin asked Kwon what the short term implications of holding so… Source link

A veteran crypto trader is taking to the charts to see where four of the top cryptocurrencies are headed in the spring months. Pseudonymous crypto analyst Kaleo tells his 475,300 Twitter followers that after the recent Bitcoin (BTC) rally, he expects BTC to rise a bit more but then meander in the mid-$50,000 range. “The pump has been spot on so far. My macro-bullish bias hopes the rest of this is wrong and we just continue to pump forever, but have a feeling we hit the breaks… Source link

UC Berkeley boffins have found that strategies for squeezing extra profit out of Ethereum transactions come at the cost of other cryptocurrency investors and threaten the security and stability of the entire Ethereum ecosystem. In a paper titled, “Extracting Godl [sic] from the Salt Mines: Ethereum Miners Extracting Value,” doctoral students Julien Piet and Jaiden Fairoze, with computer science professor Nicholas Weaver, throw down a hat-trick of allusions – gold, hodl, and Godel – to… Source link

Investors tend not to complain about a price rally, except when the chart presents steep downside risks. For example, analyzing Ether’s (ETH) current price chart could lead one to conclude that the ascending channel since March 15 is too aggressive. Ether price at FTX, in USD. Source: TradingView Thus, it is only natural for traders to fear that losing the $3,340 support could lead to a retest of the $3,100 level or a 12% correction down to $3,000. Of course, this largely depends on how… Source link

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If you invest in crypto or are currently thinking about starting, you should have a look at which cryptos will be the best to invest in this March 2022. Are you looking for faster transaction times and lower fees? Litecoin ($LIT) has our back. Maybe more user-driven governance? Then Polkadot ($DOT) is the right one for you. Or perhaps a ground-breaking innovative crypto with exceptional presale prices? Watch out for Calyx Network ($CLX). Here is everything to… Source link

Bitcoin (BTC) began to show fresh signs of an impending correction on March 31 as BTC price action began to eat into last weekend’s CME futures gap. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Up or down, CME futures gaps provide targets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly spiking down by $1,000 in minutes on Bitstamp after March 31’s Wall Street open.  The pair had ranged after failing to cement $48,000 as support earlier in the week,… Source link

“We actually think that the market still hasn’t fully grasped what’s about to happen with Ethereum,” Vance Spencer, co-founder of Framework Ventures, said in an email. “While there’s been much media attention paid to how the upgrade will make the network more environmentally friendly, this is a sideshow compared to the massive supply shock that could be on the horizon. With this merge, Ethereum will experience a 90% decrease in supply issuance. Source link

Litecoin (LTC) has been relatively less volatile compared to the crypto market. So far Thursday, the Digital Money has fallen 0.74% to $130.44. InvestorsObserver is giving Litecoin a 19 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Low Volatility InvestorsObserver gives Litecoin a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market. The Volatility Gauge… Source link

Key Takeaways Bitcoin and Ethereum have surged by over 28% over the past two weeks.  Both assets appear to be struggling to break through their 200-day moving averages. Meanwhile, sell signals are starting to appear. Share this article The top two cryptocurrencies, Bitcoin and Ethereum, are consolidating below a stiff resistance level. A steep correction could be on the horizon. Bitcoin, Ethereum Struggle to Break Out Bitcoin and Ethereum have remained stagnant over the past few… Source link