The MANTRA token OM remains down by 8% in the last 24 hours. Its recent collapse wiped out over $5 billion in market cap. Beginning on April 13, the token fell from over $6 to as low as $0.5 in just four hours. The ensuing incidents only added more fuel to the fire. Shortly after […]
LUNA
Crypto Market Struggles After Record Liquidations, Recovery May Take Months
Thе cryptocurrency mаrkеt is fаcing а tough pаth аhеаd, with еxpеrts prеdicting it mаy tаkе ovеr two months to fully rеcovеr. This downturn bеgаn аftеr formеr U.S. Prеsidеnt Donаld Trump’s tаriff thrеаts spаrkеd mаssivе crypto liquidаtions, rаising fеаrs of аn impеnding trаdе wаr. On Fеbruаry 3, thе crypto world witnеssеd whаt is bеing cаllеd thе […]
Terra Kingpin Do Kwon Dodges US Extradition
Do Kwon’s extradition to the US faced a setback after the Montenegrin Court of Appeal ruled to annul the decision of the Podgorica High Court. According to an official statement, the Supreme Court in Podgorica earlier authorized Kwon’s extradition to the US for criminal prosecution for several criminal offenses on February 20. The decision to […]
Bitcoin Hits $50K Amid Crypto Market Turmoil: Analysts Predict $84.5K Target
Bitcoin is in the spotlight, breaking the $50,000 barrier not seen since December ’21. That’s broken through amid turbulent times while the digital currency faces volatility and a number of challenges. The characteristic volatile fluctuations of the cryptocurrency market witnessed a series of events. Besides, Luna has sharply crashed, and FTX went bankrupt. Moreover, Blockfi […]
Crypto Analyst’s Saga: Lessons Learned From AVAX, SOL, & LUNA Rollercoaster
In a recent thread of tweets, renowned crypto analyst Miles Deutscher reflects on the rapid rise and fall of cryptocurrencies $AVAX, $SOL, and $LUNA over the past 16 months. What started as a triumphant journey with all three coins trading above $100 eventually led to a mixed fate, with one currency plummeting to zero, another […]
Bitcoin’s Price Surge Breaks Barriers, Signals Bull Market Revolution
Bitcoin, the world’s largest cryptocurrency, has entered a full-fledged bull market cycle, according to renowned cryptocurrency analyst Ki Young Ju, the Co-founder, and CEO of Cryptoquant. The digital asset soared to new heights by finally surpassing the $30,000 mark, prompting Ju to make a bold declaration regarding BTC’s current trajectory. Taking to Twitter, Ki Young […]
Terra Creator Faces Prison Time For ‘Not So Obvious’ Reasons
The news about Terra creator Do Kwon was announced on Twitter by Chinese cryptocurrency writer and blogger Colin Wu. About a year ago, Terraform Labs and the Terra ecosystem, which was supported by the LUNA token and the UST stablecoin, failed, sending the cryptocurrency market into a tailspin. The Montenegrin court “granted” Kwon and his […]
Terra’s Do Kwon Might Be Handed Maximum Prison Sentence; Here’s Why
Terra’s Do Kwon may face multiple prison times both in South Korea and the US, a senior South Korean prosecutor who is leading the investigation told Bloomsberg. According to Dan Sunghan, before prosecution, a convict is subject to multiple cross-border sentences for some of the crimes in one of the jurisdictions. The Terra founder may […]
Bitcoin: A Saga Of Unflinching Support And Perseverance
Bitcoin users have shown unwavering support and continue to display resilience in the face of cataclysmic implosions of both LUNA and FTX. A new study led by Glassnode shared that there are now over 5.4 million more distinct Bitcoin addresses with non-zero coin balances than there were before, indicating that network adoption is still steadfast. […]
Terra Kingpin Do Kwon Granted Bail By Montenegro Court
The former CEO of the Terra blockchain Do Kwon and his associate Han Chang Joon were granted bail by the Montenegro court for $436,000 each along with being put under house arrest. As per the official notice published by local authorities on May 12, the court has accepted the offered bail of EUR 400k each for […]