The Luna Foundation Guard (LFG) has raised $1 billion in a private token sale to allow the group to safeguard the peg of UST, Terra’s flagship stablecoin, against market instabilities. While the token...
Category: Bitcoin
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The case for bitcoin as ‘digital gold’ is falling apart
Bitcoin on a mound of gold. bodnarchuk | iStock Editorial | Getty Images A key investment case for bitcoin is deteriorating as geopolitical uncertainty and rising inflation hammer cryptocurrency price...
Bitcoin’s TVL on Lightning Network now worth over $1 billion
Bitcoin’s recent price performance might not encourage investors, but that has not stopped them from pushing the TVL of assets locked on the Lightning network to a new high. Bitcoin’s lightning TVL sp...
Crypto Analyst Who Nailed 2018 Bear Market Bottom Says Bitcoin (BTC) Trading Below $30,000 Now Inevitable
The crypto analyst who accurately called the 2018 bear market bottom is issuing a warning to Bitcoin traders, saying BTC is in danger of breaching support at $30,000. Pseudonymous analyst Smart Contra...
Luna Foundation Guard Raised $1 Billion for BTC Forex Reserves
The Luna Foundation Guard (LFG) has founded a Bitcoin (BTC) denominated forex reserve in a $1 billion private token deal for Terra’s largest stablecoin. LFG is a non-profit organization that helps to ...
Congo Based Startup Jambo Raises $7.5 Million in Seed Funding Round – Fintech Bitcoin News
A Congo-based Web3 app developer, Jambo, recently said it raised $7.5 million in a seed funding round. According to a report, the startup’s successful seed round is the latest by an Africa-based firm ...
LUNA rallies as Terra raises $1 billion to create a Bitcoin reserve for UST
Luna Foundation Guard (LFG) recently completed an over-the-counter sale of LUNA–raising $1 billion from venture capital groups led by Jump Crypto and Three Arrows Capital. Established in the Republic ...
El Salvador: tourism increases by over 30% thanks to Bitcoin
El Salvador, the first country in the world to implement Bitcoin as legal tender, is now experiencing a rise in tourism of over 30%. President Nayib Bukele is proposing 52 legal reforms to Congress, ...
Luna raises $1 billion for Bitcoin reserve fund
The Luna Foundation Guard has announced the raise of $1 billion from an over-the-counter sale of LUNA, which is the native token of the Terra blockchain. The $1 billion fund will be used as an extra l...
U.S. Inflation Data Presents Another Test For Bitcoin This Week
With crypto markets already under pressure from Russia-Ukraine tensions, upcoming inflation data from the United States this week is set to add another layer of uncertainty. The Personal Consumption E...
Bitcoin Cash is in an Upward Correction, May Face Rejection at $308
Feb 23, 2022 at 11:37 // Price The price of Bitcoin Cash (BCH) is in a downward correction as the bears have broken below the 21-day moving average line. The cryptocurrency has fallen to the pre...
Grayscale appeals for community support with SEC spot Bitcoin ETF application
Grayscale is calling for help as it attempts to get SEC approval for a spot Bitcoin ETF. Last October, the New York-based asset managers announced it had filed to convert its existing Grayscale Bitcoi...
Grayscale Continues Campaign to Spur SEC Into Action on Spot Bitcoin ETF
Grayscale, the world’s largest institutional crypto fund manager has launched a campaign to put pressure on U.S. regulators for the highly anticipated conversion of its BTC Trust into a spot-based exc...
Bitcoin, Ethereum, XRP Price Rally on Tuesday
Bitcoin Analysis Bitcoin’s price rebounded a bit from incessant selling on Tuesday and finished its daily candle +$1,245. The BTC/USD 4HR chart below from vf_investment shows that BTC’s price rallie...
Bitcoin Gains Momentum as Biden Slaps Russia with Sanctions
Bitcoin (BTC) entered the green zone after U.S. President Joe Biden revealed new sanctions meant to cut off Russia from western finance, according to Bloomberg. The leading cryptocurrency was up by 3...
A look at Chainalysis’ claim to track bitcoin through mixing service CoinJoin
Amidst yesterday’s report by crypto journalist Laura Shin that claims to identify who hacked The DAO in 2016, there was a small detail crucial to the findings but with other implications. It was...
Bank of Spain Governor Warns About Traditional Banking’s Exposure to Crypto Assets – Bitcoin News
The Governor of the Bank of Spain has alerted the public about the risks mixing traditional banks with crypto assets might bring to the economic system. Pablo Hernández de Cos stated that the direct o...
‘We need Bitcoin as legal tender’
Amid El Salvador reporting on cases of the positive impact of the country’s Bitcoin (BTC) adoption, a government official in Mexico has once again urged that the country should follow El Salvador’s ex...
Bitcoin Holds Near $38k; Faces Pressure After U.S.-Russia Sanctions
Bitcoin hovered around the $38,000 level on Wednesday, leading a small recovery among cryptocurrencies even as the United States slapped sanctions on Russia over an invasion of Ukraine. The token reco...
Bitcoin (BTC) Rebounds After Short-Term Bullish Divergence
Bitcoin (BTC) created a bullish candlestick on Feb 23 and is now approaching a make-or-break resistance level. BTC increased considerably on Feb 23, bouncing at the $36,600 horizontal support area (gr...
Bitcoin (BTC) Bearish Patterns Not Ending Anytime Soon! Distress for Traders to Continue, Here’s Why? – Coinpedia – Fintech & Cryptocurreny News Media
Geopolitical concerns appear to have put an end to bitcoin’s robust comeback, which saw the cryptocurrency gain almost $40,000 in the first half of February. On Tuesday, the price of Bitcoin plummeted...
FTX Launches Gaming Unit to Offer Crypto Services to Other Companies – Bitcoin News
FTX, a leading cryptocurrency exchange, has announced it will enter the gaming field. The company revealed it is launching its own gaming unit to focus on lending crypto services to gaming companies, ...
Tourism activities in El Salvador increased by 30% following Bitcoin (BTC) adoption
El Salvador’s Bitcoin law was dealt a major blow after the crypto market took a plunge in January. However, the law’s implementation is still carrying some benefits for the Central American country. S...
Bitcoin (BTC), Solana (SOL) and Avalanche (AVAX) See Institutional Flows Despite Market Uncertainty: CoinShares
A leading digital asset manager says institutional inflows for Bitcoin (BTC), Solana (SOL) and Avalanche (AVAX) are up as the markets continue to stumble. According to the latest Coinshares report, di...
$89M flows into Bitcoin funds despite looming conflict, but ETH funds are negative
Amid a marketwide downturn across major crypto assets over the past week, institutional traders tipped almost $89 million into Bitcoin (BTC) funds. However, the money men failed to ba Ethereum (ETH) i...
El Salvador Tourism Increases 30% Since Bitcoin Became Legal Tender
Tourism in El Salvador has increased by 30% since bitcoin was introduced as legal tender. on Sept 7, 2021. The country’s Minister of Tourism revealed the information, saying that there was an increase...
El Salvador’s Tourism Rises 30% After Bitcoin Became Legal Tender – Coinotizia
El Salvador’s tourism has grown more than 30% after adopting bitcoin as legal tender, according to the country’s ministry of tourism. “Cryptocurrency multiplies the opportunities to do business with m...
Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms – Mining Bitcoin News
Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced t...
Total Value Locked in Bitcoin Lightning Network Hits 3,479 BTC ($1.3B)
The total value locked on the Lightning Network has tripled since last year to $1.3 billion despite bitcoin’s traversal of sub-$40,000 territory. The number of bitcoins locked in the Lightning Network...
Bitcoin (BTC) Price Might Drop To $25k Level If This Happens! What Can Traders Expect?
After Russian President Vladimir Putin made a bold statement amid escalating tensions on the Russia-Ukraine border, Bitcoin and other cryptocurrency values plummeted, putting the global crypto market ...
LUNA Shoots 10% After Luna Foundation Raises $1 Billion to form UST Reserve In Bitcoin
LUNA, the native cryptocurrency of the Terra ecosystem has surged by 10% in the last 24-hours with its price shooting past $55 once again. This comes as the Luna Foundation Guard (LFG) raises $1 billi...