Cardano (ADA) Moved Upwards After Consolidation, What To Expect Next?

Cardano showed an uptrend after it was trading laterally, the coin has now settled above the $0.47 support mark. Over the past week, the coin gained 7.2% but over the last 24 hours ADA lost 1% of its market value. After the consolidation, the coin targeted its immediate resistance mark. If the coin continues to…

‘Bancor’ DEX Pauses Impermanent Loss Protection Amid ‘Hostile Market Conditions’

DeFi pioneer protocol Bancor has paused its impermanent loss protection (ILP) function, citing “hostile market conditions”: Due to hostile market conditions, Bancor’s Impermanent Loss Protection is temporarily paused…

Crypto influencers allegedly weaponize conspiracies to fleece QAnon followers

Mixing conspiracy theories, a distrust for traditional institutions and hopium in crypto, two influencers are alleged to have made millions using pump-and-dump schemes. 3219 Total views 77 Total shares Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a cryptocurrency pump-and-dump scheme.The pair reportedly persuaded their thousands of…

SEC’s Hester Peirce opposes crypto bailouts — SBF didn’t get the memo

United States Securities and Exchange Commission (SEC) commissioner Hester Peirce has spoken out against crypto company bailouts, arguing it’s actually better to “let these things play out,” to create a more sustainable industry. Peirce, the most pro-crypto commissioner for the U.S. SEC, told Forbes that the recent crash in crypto, though painful, is separating strong companies…

Treasury Sanctions Crypto Mixer Over North Korean Attacks

The U.S. Treasury Department has sanctioned a cryptocurrency mixer for the first time. Blender is now banned in the United States. Key Takeaways The Treasury Department’s Office of Foreign Assets Control has sanctioned the cryptocurrency mixer Blender. The Treasury said that North Korean hackers used Blender to launder $550 million stolen from Axie Infinity’s Ronin…

Bitcoin and Ethereum Approach Crucial Juncture, Altcoins Move Lower

Bitcoin price struggled to clear the USD 23,000 resistance level and dropped below USD 21,200. It is currently (04:09 UTC) showing bearish signs near USD 20,400 and is down 8% in a day and 32% in a week. Similarly, most major altcoins are also moving lower…

Can DAOs Replace VCs as an Investment Method?

Kate Kurbanova, Co-founder and Chief Operating Officer of Apostro, a crypto-focused risk management platform.______ The rise of the crypto industry, blockchain technology, and Web3 have brought about new financial markets that have sparked an interest in a diverse array of parties. Furthermore, people are creating new ways to invest in crypto with decentralized autonomous organizations…

Cardano: Evaluating if a move upward could be around the corner

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Bitcoin [BTC] fought its way back above the $20k mark after floundering about the $19.8k mark the previous day, to trade at $21.1k at press time. Cardano [ADA] has been trading within…

Elon Musk’s Chat With Twitter Appears to Have Resulted in More Questions Than Answers

Elon Musk spoke to Twitter employees for the first time this week, during which he reportedly told staff that they should “aspire to do things in person,” rather than work remotely, opined about free speech, and spoke in vague terms about his overall plans for the company. The Thursday town hall meeting, which comes as…

Terra’s LFG Acquires $1.5B More Bitcoin—With 3AC’s Help 

Key Takeaways Terra’s Luna Foundation Guard has bought more than 37,000 more Bitcoin. The value of Terra’s UST stablecoin is backed in part by its Bitcoin reserves. Terraform Labs’ CEO Do Kwon has been clear that he wants to see UST dominate the stablecoin market. The Luna Foundation Guard has added to its Bitcoin reserve…