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Terraform Labs (TFL), the firm behind the defunct algorithmic stablecoin TerraUST (USTC), and its co-founder Do Kwon is back in the limelight again for allegedly running a smear campaign and issuing threats against one of their own community members. It all started in the month of May with the genesis airdrop that was planned after the original ecosystem imploded in the wake of its stablecoin depeg. TFL, in a Twitter thread, claimed that Jimmy Le, a community member entrusted with Terra… Source link

Crypto whales, or large traders, are staying on the sidelines of the bitcoin (BTC) market despite a risk reset in traditional markets because thin liquidity is making transacting without impacting the cryptocurrency’s price difficult. In signs of the increasing appetite for risk, stocks have gathered upside traction while the U.S. dollar has taken a beating on optimism that China’s reopening is gaining steam and the Federal Reserve may be close to winding up its liquidity-tightening cycle…. Source link

“There’s something known in India that one has to understand. It’s called is Jugard .. it’s a word, which basically says, we find a way to get what we want … One has to think about, okay, something as catastrophic as demonetization has just happened. What do we do with the money that we have? We have to get it back into the mainstream. Cryptocurrency is a route. It’s not out of the realm of possibility, in fact it’s in the realm of probability, that they would have done that…. Source link

On January 10, Bitcoin (BTC), the world’s largest cryptocurrency, extended its upward trend and broke through the $17,200 barrier, as market participants continued to react ahead of the release of US inflation data this week. Ethereum‘s (ETH) price, on the other hand, was able to surpass $1,300 this week as the overall cryptocurrency market began to improve. Meanwhile, the value of other well-known cryptocurrencies, such as… Source link

Bitcoin (BTC) community members went on social media to respond to the claims of Peter Zeihan, one of the most recent guests on the Joe Rogan Experience (JRE) podcast.  In a recent JRE episode, Zeihan, who is an American geopolitical analyst and author claimed that crypto was always a “hot dumpster fire” and that Bitcoin has no intrinsic value. The analyst claimed that the number one digital asset by market capitalization is now being priced “more appropriately.” In addition, Zeihan… Source link

Jan 10 (Reuters) – Bitcoin’s looking steady in 2023. But it’s only been a week. Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5% to $871 billion since Jan. 1, but it’s still down over 57% from this time last year. Bitcoin itself has gained 4.3% since the start of 2023, though stuck in a narrow range between $16,500 and $17,300. The world’s biggest cryptocurrency is eerily subdued, with its 7-day… Source link

A New York-based law firm says it has begun an investigation into whether Bitcoin miner Core Scientific and its leadership potentially engaged in “securities fraud and other unlawful business practices” which led to its stock price falling on several occasions.  According to securities class action firm Pomerantz LLP, the investigation was prompted by a report from Culper Research in 2022, which alleged that Core Scientific had “wildly oversold” its mining and hosting businesses in 2021… Source link

Litecoin price is up 100% since the summertime lows. LTC could rally towards $90 if a pierce above a swing high at $84 occurs. The uptrend scenario could fail if the $75 price level were breached. Litecoin price confirms the bullish bias set forth by FXStreet analysts throughout the weeks. While a rally toward $100 seems imminent, this thesis identifies possible areas of resistance to stifle the LTC bulls. Litecoin price moves higher Litecoin price has continued… Source link

Last week, a buy order for 50,000 contracts of ether options – with a $400 strike price and expiring in June – appeared on Deribit’s order book, raising alarm bells in the crypto community. As of press time, ether was priced around $1,300, so the options trade would pay off if the ether price slid 69% in less than six months. On Deribit, one ether options contract represents one ETH. This article originally appeared in Crypto Markets Today, CoinDesk’s daily newsletter diving into what… Source link

Traders might rejoice now that Bitcoin price ventured above $17,400, but twenty-seven long days have passed since Bitcoin (BTC) last breached the $17,250 resistance.  On December 13, after a two-week-long lateral movement, Bitcoin posted a 6.5% rally toward $18,000 and even though the current movement still lacks strength, traders believe that a retest of the $18,250 resistance remains possible. Bitcoin 12-hour price index, USD. Source: TradingView To start the week, the S&P 500 index rose to… Source link