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South Korean authorities are seeking the arrest of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to freeze bitcoin linked to Kwon. Woohae Cho | Bloomberg | Getty Images South Korean authorities sought Kwon’s arrest this month and claimed he is on the run. The prosecutors said that Interpol, the global policing organization, has issued a “Red Notice” for… Source link

Litecoin price continued sliding on Wednesday as investors remained extremely fearful about the market. LTC crashed to a low of $51.8, which is about 23% below the highest level this month. Its market cap has fallen to about $2.7 billion, making it the 22nd biggest cryptocurrency in the world. It has crashed by more than 87% from the highest level this year. Fear and greed slips Investors are getting more fearful about the state of the financial market. This explains why key gauges in the… Source link

“Flows into digital asset investment products remained tepid last week ($8.3 million), but with some notable regional differences,” Ilan Solot, a partner at Tagus Multi-Strategy Fund, said in a daily market update. “North America saw $9.4 million of OUTflows, while Europe saw $15 million of INflows. Could this be the first clue to the recent resilience in crypto markets? Too soon to say.” Source link

“Flows into digital asset investment products remained tepid last week ($8.3 million), but with some notable regional differences,” Ilan Solot, a partner at Tagus Multi-Strategy Fund, said in a daily market update. “North America saw $9.4 million of OUTflows, while Europe saw $15 million of INflows. Could this be the first clue to the recent resilience in crypto markets? Too soon to say.” Source link

New home sales in the U.S. jumped by 29% in August, reaching a five- month high of 685,000, and exceeding the consensus estimate of 500,000. Home prices, however, rose by 13.9%, down from 16% the prior month, and the lowest increase since February 2021. Source link

Monero (XMR) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Digital Money has increased 1.39% to $146.55. InvestorsObserver is giving Monero a 23 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Low Volatility InvestorsObserver gives Monero a low volatility rank of 23, placing it in the bottom 23% of cryptos on the market. The Volatility… Source link

Markets briefly flashed green on Sept. 27 as equities markets bounced back from Sept. 26’s pullback, bringing the Bitcoin (BTC) price back to the long-term descending trendline resistance, which currently resides at $20,100.  Unfortunately for bulls, the positive momentum for stocks and cryptocurrencies rapidly eroded and Bitcoin price gave up a majority of the intraday gains as it slipped back below $19,000. As has been the case since March 25, BTC price has been unable to kick above the… Source link

LONDON — Bitcoin is struggling to go green, with the cryptocurrency making only slim gains in its usage of sustainable energy in the year to January, research by Cambridge university showed on Tuesday. Processing bitcoin transactions and “mining” new tokens is done by powerful computers, hooked up to a global network, that compete against others to solve complex mathematical puzzles. The process guzzles electricity, with its heavy reliance on polluting fossil fuels such as coal drawing… Source link

What happened Several of the largest cryptocurrencies have jumped higher today as investors digest monetary policy and also monitor the foreign exchange markets, which have been active lately. Over the last 24 hours, the price of the world’s largest cryptocurrency, Bitcoin (BTC -6.90%), has traded roughly 5% higher as of 10:27 a.m ET. The price of the world’s second-largest cryptocurrency, Ethereum (ETH -6.86%), traded roughly 4.1% higher, and the price of Solana (SOL -6.42%) was up 5%. So… Source link

A widely followed crypto strategist is plotting what’s in store for a handful of digital assets amid uncertain market conditions. Analyst Michaël van de Poppe tells his 628,100 Twitter followers that he believes smart contract platform Cardano (ADA) is in an accumulation phase as it continues to trade above his key support level. “The ultimate area to buy from is the region at $0.30-$0.375. However, will we see it front-ran and people are already stacking? In that case, [the]… Source link