LUNA Breaks ATH: Gained 2700% Since May’s Crash as $13.9B Locked on Terra
The total value locked on the Terra blockchain soared to nearly $14 billion as LUNA hit a new all-time high after gaining 2700% since May crash.
Crypto News
Cryptocurrencies represent an internet-based medium of exchange that takes advantage of cryptographical functions in order to conduct financial transactions. They leverage blockchain technology to achieve decentralization, immutability, and transparency.
According to the latest crypto news, there are thousands of cryptocurrencies in existence. However, the most popular ones include Bitcoin, Ethereum, Ripple, Binance Coin, Bitcoin Cash, Tezos, Tron, Litecoin, and EOS, acquire more than 80% of the total market cap.
Decentralized cryptocurrencies such as Bitcoin, have one substantial advantage - no single authority can control them. Instead, they are governed by an algorithm that’s pre-programmed and defined. This takes away the human factor and makes the entire network transparent and immutable.
Cryptos can be sent directly between two parties, in a rapid and cheap process, compared to traditional bank transfers. Since there is no central authority or a middleman, the users can go through the process without having to worry about complying with different rules.
The Latest Crypto News
Celsius Network Reportedly Lost $50 Million in the $120 Million BadgerDAO Hack
On-chain data suggest that the biggest victim from BadgerDAO was a wallet that belonged to Celsius Network, the crypto lending firm.
Cardano Price Analysis: ADA Breaks Below $1.5, Now Facing Critical Support
Yesterday’s market crash pushed ADA below $1.5. As of writing these lines, ADA faces a crucial support level at $1.3. In case that this level breaks down, ADA is likely to retest $1. Key Support levels: $1.3, $1 Key Resistance
Bank Indonesia Aims to Fight Bitcoin with Its CBDC (Report)
Indonesia's central bank considers a CBDC as a superior financial tool to private cryptocurrencies.
Ethereum Price Analysis: ETH Reclaims $4K Post Crash, Reaching 3.5-Year High Against BTC
The bad news is that following the crypto market collapse, ETH crashed to $3,470 on Bitstamp on Saturday early morning UTC. However, the good news is that ETH showed strength and managed to recover most of the drop, reclaiming the
Silk Road’s Ross Ulbricht is Launching an NFT Drop: Community Has Mixed Feelings
Ross Ulbricht, the notorious co-founder of Silk Road, has decided to launch his own NFT collections, which received a mixed reaction from crypto insiders.
After the Dump: Crypto Markets Recover $300 Billion, Bitcoin Eyes $50K
The crypto market cap is up by $300 billion since yesterday's low as BTC targets $50,000 and ETH is up by 7.5% daily.
Bitmart Exchange Hacked: $200 Million Allegedly Stolen
The popular cryptocurrency exchange Bitmart is the latest to fall victim to a "large-scale" security breach.
FBI Confiscated Around $2.3 Million in Crypto Tied to Ransomware Gang REvil
The US law enforcement agents seized over $2 million in cryptocurrencies linked to ransomware attacks conducted by REvil.
3 On-Chain Signs That Flashed Shortly Before Bitcoin’s $16K Daily Crash
In this article, we review several on-chain signs that could have foreseen the $16,000 BTC price crash.