Technical Analysis: LUNA Leads Crypto Rally, ANC Slips Under Bearish Pressure
On Monday, terra (LUNA) rose for its 8th session in nine days, as its value increased by close to 60% over the last week. Anchor (ANC), on the other hand, was lower after climbing by almost 50% in the same period.
Biggest GainerTerra (LUNA) has been one of the standout performers in cryptocurrency markets in recent weeks, despite increased market volatility.
Monday’s rally in LUNA/USD saw prices climb to their highest level in over six weeks, hitting the long-term resistance point of $84.70 in the process.
On Monday, terra (LUNA) rose for its 8th session in nine days, as its value increased by close to 60% over the last week. Anchor (ANC), on the other hand, was lower after climbing by almost 50% in the same period.
Biggest GainerTerra (LUNA) has been one of the standout performers in cryptocurrency markets in recent weeks, despite increased market volatility.
Monday’s rally in LUNA/USD saw prices climb to their highest level in over six weeks, hitting the long-term resistance point of $84.70 in the process.
Terra’s Bitcoin Reserves Hit $1 Billion Following Aggressive Buying On Price Dips
Terra has begun the purchase of $10 billion worth of Bitcoin to use it as a reserve asset.
According to blockchain search and analytics engine Blockchair, Terra bought 5,934 BTC for approximately $260 million between 20th March and 24th March as part of its gradual accumulation plan for the said asset.
Terra has begun the purchase of $10 billion worth of Bitcoin to use it as a reserve asset.
According to blockchain search and analytics engine Blockchair, Terra bought 5,934 BTC for approximately $260 million between 20th March and 24th March as part of its gradual accumulation plan for the said asset.
Sam Bankman-Fried and FTX Break Ground at their New HQ in the Bahamas
Summary:
Sam Bankman-Fried and the team at FTX had a groundbreaking ceremony for their new headquarters in the BahamasThe event was also attended by the Prime Minister of Bahamas, Philip Brave DavisSBF and the FTX exchange will be moving their headquarters from Hong Kong to the BahamasThe Bahamas is committed to becoming ‘the vanguard’ of the new digital asset frontierSam Bankman-Fried and the team at FTX officially broke ground at their new headquarters in the Bahamas, which will also double up as a campus. Sam and the co-CEO of FTX Digital Markets in the Bahamas, Ryan Salame, shared the event on Twitter.
At the official groundbreaking for FTX’s coming headquarters in The Bahamas! pic.twitter.com/c0N1eEJCY7
Summary:
Sam Bankman-Fried and the team at FTX had a groundbreaking ceremony for their new headquarters in the BahamasThe event was also attended by the Prime Minister of Bahamas, Philip Brave DavisSBF and the FTX exchange will be moving their headquarters from Hong Kong to the BahamasThe Bahamas is committed to becoming ‘the vanguard’ of the new digital asset frontierSam Bankman-Fried and the team at FTX officially broke ground at their new headquarters in the Bahamas, which will also double up as a campus. Sam and the co-CEO of FTX Digital Markets in the Bahamas, Ryan Salame, shared the event on Twitter.
At the official groundbreaking for FTX’s coming headquarters in The Bahamas! pic.twitter.com/c0N1eEJCY7
Coinweb is one of the most promising projects
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Prepare for Recession: Musk and Goldman Sachs’ Blankfein Weigh In; Galaxy Digital’s CEO Talks on Terra Collapse — Bitcoin.com News Week in Review
This week, both Goldman Sachs’ Lloyd Blankfein and Tesla boss Elon Musk weighed in on the issue of an impending recession in the U.S., issuing sobering estimations. In the wake of Terra’s epic implosion, the topic is all the more critical, but LUNA-tattooed Galaxy Digital CEO Mike Novogratz still thinks the “crypto revolution is here to stay.” This is the Bitcoin.com News Week in Review.
Goldman Sachs’ Blankfein Advises Companies and Consumers to Prepare for US Recession — Says It’s a ‘Very, Very High Risk’Lloyd Blankfein, a former Goldman Sachs CEO who is now the firm’s senior chairman, has warned about an impending recession in the U.S. Blankfein says that companies and consumers should prepare, and stressed that it’s a “very, very high risk.”
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This week, both Goldman Sachs’ Lloyd Blankfein and Tesla boss Elon Musk weighed in on the issue of an impending recession in the U.S., issuing sobering estimations. In the wake of Terra’s epic implosion, the topic is all the more critical, but LUNA-tattooed Galaxy Digital CEO Mike Novogratz still thinks the “crypto revolution is here to stay.” This is the Bitcoin.com News Week in Review.
Goldman Sachs’ Blankfein Advises Companies and Consumers to Prepare for US Recession — Says It’s a ‘Very, Very High Risk’Lloyd Blankfein, a former Goldman Sachs CEO who is now the firm’s senior chairman, has warned about an impending recession in the U.S. Blankfein says that companies and consumers should prepare, and stressed that it’s a “very, very high risk.”
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Crypto Lending Giant Babel Finance Halts Redemptions And Withdrawals
Summary:
The firm cited unusual liquidity pressure as the main reason.Babel has now halted withdrawals and redemption till further notice.FatManTerra from the Terra community claims that Babel has heavy losses on one of its positions.Tether CTO Paolo Ardoino confirmed that Babel has no borrowing positions on Bitfinex. Babel Finance has suspended redemptions and withdrawals on its platform until further notice, per details from an announcement released on Friday.
According to the statement, the service has halted some features due to unusual liquidity pressure. Babel also cited conductive risk events experienced by some companies amid heavy fluctuations and volatility in the crypto market.
Summary:
The firm cited unusual liquidity pressure as the main reason.Babel has now halted withdrawals and redemption till further notice.FatManTerra from the Terra community claims that Babel has heavy losses on one of its positions.Tether CTO Paolo Ardoino confirmed that Babel has no borrowing positions on Bitfinex. Babel Finance has suspended redemptions and withdrawals on its platform until further notice, per details from an announcement released on Friday.
According to the statement, the service has halted some features due to unusual liquidity pressure. Babel also cited conductive risk events experienced by some companies amid heavy fluctuations and volatility in the crypto market.
Casting Network (CSTN) Is Now Available for Trading on LBank Exchange
INTERNET CITY, DUBAI, Jul. 20, 2022 – LBank Exchange, a global digital asset trading platform, has listed Casting Network (CSTN) on July 20, 2022. For all users of LBank Exchange, the CSTN/USDT trading pair is now officially available for trading.
Utilizing the power of blockchain technology, Casting Network (CSTN) establishes an NFT-based metaverse with fishing and marine leisure infrastructure of Moolban Gogiban, an Korean water fishing O2O platform company, and creates an integrated platform for global marine tourism and leisure. Its native token CSTN has been listed on LBank Exchange at 17:00 (UTC+8) on July 20, 2022, to further expand its global reach and help it achieve its vision.
INTERNET CITY, DUBAI, Jul. 20, 2022 – LBank Exchange, a global digital asset trading platform, has listed Casting Network (CSTN) on July 20, 2022. For all users of LBank Exchange, the CSTN/USDT trading pair is now officially available for trading.
Utilizing the power of blockchain technology, Casting Network (CSTN) establishes an NFT-based metaverse with fishing and marine leisure infrastructure of Moolban Gogiban, an Korean water fishing O2O platform company, and creates an integrated platform for global marine tourism and leisure. Its native token CSTN has been listed on LBank Exchange at 17:00 (UTC+8) on July 20, 2022, to further expand its global reach and help it achieve its vision.
Forwarded from CryptoSoul
Get a free NFT land in the new metauniverse RIGHT NOW!
Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.
CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.
When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!
Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.
The metauniverse is scheduled to launch on September 1.
Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.
CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.
When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!
Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.
The metauniverse is scheduled to launch on September 1.
pancakeswap.finance
Exchange | PancakeSwap
Trade, earn, and own crypto on the all-in-one multichain DEX
Forwarded from CryptoSoul
FREE NFT GIVEAWAY!
Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.
Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.
Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
pancakeswap.finance
Exchange | PancakeSwap
Trade, earn, and own crypto on the all-in-one multichain DEX
Forwarded from CryptoSoul
Get a piece of NFT land in the Crypto Soul World metaverse!
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Unorthodox Bitcoin Trend Could Trigger BTC Demand and Accelerate Price, Says Crypto Asset Manager CoinShares
A leading digital assets manager says that the recent trend of Bitcoin (BTC) investors holding for the long term reveals two key insights.
In the latest Digital Asset Fund Flows Weekly report, CoinShares highlights how in contrast to previous Bitcoin four-year cycles where investors moved their BTC onto exchanges to take profits, the “class of 2017” sold less in 2021 than expected.
A leading digital assets manager says that the recent trend of Bitcoin (BTC) investors holding for the long term reveals two key insights.
In the latest Digital Asset Fund Flows Weekly report, CoinShares highlights how in contrast to previous Bitcoin four-year cycles where investors moved their BTC onto exchanges to take profits, the “class of 2017” sold less in 2021 than expected.
Binance to Remove Fees for Some Ethereum Transactions
Binance – the world’s largest digital currency exchange by daily trading volume – says it’s looking to give crypto fans a break by expanding its fee-free services and transaction capabilities to include Ethereum.
Binance Says It’s Eliminated Fees for Some ETH-Based TransactionsThe goal is to enable all Ethereum-based transactions to be free of additional charges. The move correlates with the big “Merge” that everyone’s been talking about for the past several months. With Ethereum moving from a proof of work (PoW) module to proof of stake (PoS), the world’s second largest digital currency by market cap and the primary competitor to bitcoin is slated to become far more energy efficient. It will also reportedly become cheaper and enjoy faster speeds.
Binance has said that as a means of supporting the Merge, all traders utilizing the company’s stable currency BUSD to trade Ethereum will be subjected to zero fees. The company says the Merge will likely be one of the most important aspects of the crypto industry and will go down in the history books as a significant milestone that brought the world of digital assets closer to what Satoshi Nakamoto (the creator of bitcoin) and others initially envisioned.
Binance – the world’s largest digital currency exchange by daily trading volume – says it’s looking to give crypto fans a break by expanding its fee-free services and transaction capabilities to include Ethereum.
Binance Says It’s Eliminated Fees for Some ETH-Based TransactionsThe goal is to enable all Ethereum-based transactions to be free of additional charges. The move correlates with the big “Merge” that everyone’s been talking about for the past several months. With Ethereum moving from a proof of work (PoW) module to proof of stake (PoS), the world’s second largest digital currency by market cap and the primary competitor to bitcoin is slated to become far more energy efficient. It will also reportedly become cheaper and enjoy faster speeds.
Binance has said that as a means of supporting the Merge, all traders utilizing the company’s stable currency BUSD to trade Ethereum will be subjected to zero fees. The company says the Merge will likely be one of the most important aspects of the crypto industry and will go down in the history books as a significant milestone that brought the world of digital assets closer to what Satoshi Nakamoto (the creator of bitcoin) and others initially envisioned.
Sharp Decline in Retail Investments As Bitcoin Braces For Tough Times
Bitcoin has been experiencing a sharp decline in retail investments for 426 days since last year’s great miner migration out of China. According to a recent network analytics report by Glassnode, the decline equates to the retail investor purge experienced for 474 days during the infamous 2018 bear market.
This comes even as the Bitcoin price fell to $18,309 this week, being the lowest it has been this year. In fact, some predictions showed that the cryptocurrency will remain bearish for the rest of 2022 and could be starting its worst days in the coming weeks.
Bitcoin has been experiencing a sharp decline in retail investments for 426 days since last year’s great miner migration out of China. According to a recent network analytics report by Glassnode, the decline equates to the retail investor purge experienced for 474 days during the infamous 2018 bear market.
This comes even as the Bitcoin price fell to $18,309 this week, being the lowest it has been this year. In fact, some predictions showed that the cryptocurrency will remain bearish for the rest of 2022 and could be starting its worst days in the coming weeks.
GameStop NFT Marketplace Launches on Leading Ethereum (ETH) Layer-2 Blockchain
An Ethereum-based layer-2 blockchain is announcing that GameStop’s marketplace for digital collectibles has officially launched and is now live on its platform.
In a statement, ImmutableX says the American video game retailer’s non-fungible token (NFT) marketplace will give millions of GameStop players and GameStop Powerup Pro loyalty customers access to a wide array of web3 games and NFT gaming assets.
An Ethereum-based layer-2 blockchain is announcing that GameStop’s marketplace for digital collectibles has officially launched and is now live on its platform.
In a statement, ImmutableX says the American video game retailer’s non-fungible token (NFT) marketplace will give millions of GameStop players and GameStop Powerup Pro loyalty customers access to a wide array of web3 games and NFT gaming assets.
JPMorgan Chase CEO Jamie Dimon Likens Crypto to Pet Rocks — Calls for More Regulation
JPMorgan Chase CEO Jamie Dimon says crypto tokens are like pet rocks. The executive also believes crypto regulation should be strengthened, stating: “The regulators who beat up on banks should maybe focus a little more on crypto.”
JPMorgan Chase’s Jamie Dimon Compares Crypto to Pet RocksThe chairman and CEO of global investment bank JPMorgan Chase, Jamie Dimon, talked about crypto and its regulation following the collapse of crypto exchange FTX in an interview with CNBC Tuesday.
JPMorgan Chase CEO Jamie Dimon says crypto tokens are like pet rocks. The executive also believes crypto regulation should be strengthened, stating: “The regulators who beat up on banks should maybe focus a little more on crypto.”
JPMorgan Chase’s Jamie Dimon Compares Crypto to Pet RocksThe chairman and CEO of global investment bank JPMorgan Chase, Jamie Dimon, talked about crypto and its regulation following the collapse of crypto exchange FTX in an interview with CNBC Tuesday.
Global Recession Will Push Bitcoin Price to Remarkable Highs In 2023 — Bloomberg Analysts
Bitcoin’s turbulent performance in 2022 hasn’t deterred big players from predicting a promising run for the asset in 2023. Bloomberg is one such platform with a bullish outlook on Bitcoin and presents notable reasons why the asset is poised to see rapid growth in the new year.
Bloomberg cites the global recession as a bullish propeller for BitcoinIn its most recent cryptocurrency outlook, Bloomberg analysts go over the impact of the perceived global recession on Bitcoin and other digital currencies in the market.
“The rising potential for a severe global economic shutdown may be a top crypto performance factor in 2023. Our bias is that Bitcoin is most likely to come out ahead in most scenarios…” Bloomberg explains.
Bitcoin’s turbulent performance in 2022 hasn’t deterred big players from predicting a promising run for the asset in 2023. Bloomberg is one such platform with a bullish outlook on Bitcoin and presents notable reasons why the asset is poised to see rapid growth in the new year.
Bloomberg cites the global recession as a bullish propeller for BitcoinIn its most recent cryptocurrency outlook, Bloomberg analysts go over the impact of the perceived global recession on Bitcoin and other digital currencies in the market.
“The rising potential for a severe global economic shutdown may be a top crypto performance factor in 2023. Our bias is that Bitcoin is most likely to come out ahead in most scenarios…” Bloomberg explains.
Morgan Creek’s Mark Yusko Forecasts Future of Crypto Exchanges, Says Next Bitcoin Bull Run Is Inevitable
Morgan Creek Capital CIO Mark Yusko is weighing in on the future of crypto and whether the industry will remain dependent on centralized exchanges.
In a new interview, the hedge fund veteran says that a time will come when the crypto space will become more decentralized.
“There is a day in the future where exchanges are less necessary, when we can have a pure DeFi [decentralized finance] or a pure Bitcoin world. We’re not there, not even close, but someday. In the interim, we need some viable exchanges.”
Morgan Creek Capital CIO Mark Yusko is weighing in on the future of crypto and whether the industry will remain dependent on centralized exchanges.
In a new interview, the hedge fund veteran says that a time will come when the crypto space will become more decentralized.
“There is a day in the future where exchanges are less necessary, when we can have a pure DeFi [decentralized finance] or a pure Bitcoin world. We’re not there, not even close, but someday. In the interim, we need some viable exchanges.”
$12,000,000,000 Asset Manager Says Investors Flocking to Bitcoin and Crypto Amid Global Banking Fallout
The CEO of the $12 billion financial advisory firm deVere Group, Nigel Green, says investors are seeking alternatives like Bitcoin and crypto as the U.S. enters a new era of quantitative easing.
In a blog post, Green says the U.S. Treasury’s actions after the fall of Silicon Valley Bank represent a new wave of money printing and financial stimulus that has investors looking at ways to preserve their capital.
Green highlights Bitcoin’s scarce supply of 21 million coins as one of the key features that makes it appealing in the current economic environment.
The CEO of the $12 billion financial advisory firm deVere Group, Nigel Green, says investors are seeking alternatives like Bitcoin and crypto as the U.S. enters a new era of quantitative easing.
In a blog post, Green says the U.S. Treasury’s actions after the fall of Silicon Valley Bank represent a new wave of money printing and financial stimulus that has investors looking at ways to preserve their capital.
Green highlights Bitcoin’s scarce supply of 21 million coins as one of the key features that makes it appealing in the current economic environment.
Hillary Clinton Warns of ‘Worldwide Financial Meltdown’ and Dollar Losing Reserve Currency Status if US Defaults on Its Debt
Former U.S. Secretary of State Hillary Clinton has warned that the U.S. defaulting on its debt obligations could lead to a global financial meltdown. “If Congress keeps flirting with default, calls for dethroning the dollar as the world’s reserve currency will grow much louder,” she stressed.
Hillary Clinton on U.S. Debt Default and Dollar Losing World’s Reserve Currency StatusHillary Clinton, a former first lady and the U.S. Secretary of State from 2009 to 2013, warned in an opinion piece, published by the New York Times Monday, about the disastrous outcomes that could result from the U.S. defaulting on its debt obligations, including the risk of the dollar losing its status as the world’s reserve currency.
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Former U.S. Secretary of State Hillary Clinton has warned that the U.S. defaulting on its debt obligations could lead to a global financial meltdown. “If Congress keeps flirting with default, calls for dethroning the dollar as the world’s reserve currency will grow much louder,” she stressed.
Hillary Clinton on U.S. Debt Default and Dollar Losing World’s Reserve Currency StatusHillary Clinton, a former first lady and the U.S. Secretary of State from 2009 to 2013, warned in an opinion piece, published by the New York Times Monday, about the disastrous outcomes that could result from the U.S. defaulting on its debt obligations, including the risk of the dollar losing its status as the world’s reserve currency.
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Bitcoin At $70,000? — Arthur Hayes Reveals Why This Price Level Is Unlikely To Happen Till 2024
Arthur Hayes, the co-founder and former CEO of BitMEX, has predicted a period of significant volatility for Bitcoin in the coming months before eventually surging to new highs in 2024.
In a Friday, May 26 interview with WhatBitcoinDid host Peter McCormack, Hayes predicted that Bitcoin’s price will not exceed $70,000 until next year.
“We got this halving next year, 2024. I think that’s going to be a good year. I don’t think we get up to $70,000 this year. I think next year is when we cross that barrier, and then we get the blow-off top 2025, 2026, and then it’s Armageddon,” said Hayes.
Arthur Hayes, the co-founder and former CEO of BitMEX, has predicted a period of significant volatility for Bitcoin in the coming months before eventually surging to new highs in 2024.
In a Friday, May 26 interview with WhatBitcoinDid host Peter McCormack, Hayes predicted that Bitcoin’s price will not exceed $70,000 until next year.
“We got this halving next year, 2024. I think that’s going to be a good year. I don’t think we get up to $70,000 this year. I think next year is when we cross that barrier, and then we get the blow-off top 2025, 2026, and then it’s Armageddon,” said Hayes.