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Category Archives: Cryptocurrencies

New COVID-19 variant emerges, BTC drops, stocks sell-off, what’s happening?

Global markets went into a tailspin Friday following news of a heavily-mutated Covid-19 variant first detected in southern Africa. The World Health Organization will meet on Friday to address the emergence of the B.1.1.529 variant, which South African scientists have said contains more than 30 mutations to the spike protein, the component of the virus that binds […]

MAS regulated Bitcoin funds launches in Singapore

Singapore-based fund manager Fintonia Group has launched two institutional-grade Bitcoin (BTC) funds approved by the Monetary Authority of Singapore (MAS). The new funds, the Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund, are intended to provide simple and secure exposure to Bitcoin for professional investors, Fintonia announced on Thursday. The Fintonia Bitcoin Physical […]

88.7 million LUNA tokens ($4.5 billion) will be burned and swapped for the stable coin (UST)

Terra, the algorithmic decentralized stablecoin project will burn $4.5 billion worth of its native coin LUNA from its community pool. The decision was taken through Terra’s on-chain governance system. According to their Twitter announcement, LUNA will be burned and swapped for UST, which is Terra’s native stablecoin. The burn will take place on every 800 blocks generated by […]

There are 10 times more Metaverse users today as compared to 2020

The price of these two native tokens for open Metaverse platforms such as Decentraland (MANA) and The Sandbox (SAND) have been on a tear of late, gaining 49% and 102% each to sit at $5.03 and $7.60 at the time of writing. Crypto investment giant Grayscale has published a bullish report on the Metaverse, estimating […]

Why am I so confident about Terra (Luna)?

So what’s Luna all about? Well as of 23rd November 2021, it’s ranked 14 with a $17 Billion Market Cap! Terra (Luna) is the world’s biggest dual-token platform, which is a network with two intertwined tokens that have separate utility. LUNA coins are on its native blockchain, while Terra USD (CRYPTO: TUSD) stablecoins are on […]

Bitcoin’s drop to $56.5K may have been the bottom

The absence of cascading liquidations, 25% delta skew and the margin lending ratio all suggest that Bitcoin price bottomed at $56,500. The first rule of Bitcoin (BTC) trading should be “expect the unexpected.” In just the past year alone, there have been five instances of 20% or higher daily gains, as well as five intraday […]

What exactly is the Metaverse all about?

The Metaverse allows people to interact with one another, digital objects and the physical world through their avatar in a virtual environment. As nonfungible token sales appear reanimated after a nearly two-month dry spell from their apex in May, a particular NFT application is gaining popularity more than ever: metaverses. Metaverses have gained their fair […]

Cryptos Like Decentraland (MANA) shoots up after Facebook’s rebranding to Meta

The net market capitalization of metaverse tokens grew 13.40% to $12.36 billion in the past 24 hours. Facebook’s decision on Oct. 28 to rebrand itself to Meta — to indicate its plans to build an avatar-filled metaverse — helped spark a speculative rally across cryptocurrencies that belong to similar virtual world projects. Decentraland, a virtual place with its own economy, currency […]

5 environmentally sustainable coins to consider

There is no denying that in the past decade, cryptocurrencies have been quivering up the financial market. Recently, they have become one of the most valuable assets in most investors’ portfolios. However, environmental impact is one of the key problems that the crypto world is facing nowadays. Crypto enthusiasts like Tesla and SpaceX CEO Elon Musk are […]

Should you be buying this price dip for Bitcoin?

BTC is retesting major support and resistance zones and analysts believe that the long-term outlook remains bullish if Bitcoin can close above $63,000. Cryptocurrency traders are scrambling and scratching their heads after a sharp drop in Bitcoin (BTC) price triggered a market-wide sell-off that has nearly every token in the top-200 flashing red on Nov. 16. Data from Cointelegraph […]