In light of regulatory actions following the collapse of Terra’s LUNA and its UST stablecoin, holders of these crypto-assets now seek compensation for their losses. On 13 June, a class-action lawsuit was instituted against Binance.US and its CEO Brian Shroder by Jeffrey Lockhart, who sued for himself and on behalf of all other “similarly situated”Continue reading “LUNA and LUNC: A fight on the legal front, but what of the price front?”

Holders of USDT were sent into a frenzy yesterday after Tether’s Chief Technical Officer Paolo Ardoino confirmed the incidence of a DDoS attack. Simply put, a DDoS attack happens when a server or a network is flooded with requests to disrupt the server’s regular traffic. According to the exec, the attack was confirmed when TetherContinue reading “Tether [USDT] – Now that the DDoS attack is behind it, here’s the post-op outlook”

The state of the crypto market is such that it has gone down by 15% in the last seven days. The Stellar [XLM] coin was no different and was a victim of the price decimation that hit the cryptocurrency market this week. Since April, the coin has struggled with keeping the bears off its back,Continue reading “Stellar [XLM] holders should know this before squaring off their position”

According to data from Cryptoslam, an NFT project based on the Solana Network has been trailed with significant growth in sales volume since the beginning of the month. Referred to as Primate Academy, this project is a complete collection of 4444 distinct NFTs with more than 70 custom traits of R2E games. Launched in March,Continue reading “Here’s why Primates Academy ranked third by most sales volume”

The year 2022 has been marked with a series of upgrades and hard forks for many blockchains. The latest chain in town to implement a network upgrade and a hard fork is the Neo Blockchain. The Neo Network is an open-source, community-driven blockchain platform that enables developers to digitize and automate the management of assetsContinue reading “Neo Network: With this upgrade, will NEO defy broader market sentiment”

As other altcoins suffered severe decimation to their prices during intraday trading on 14 June Polkadot’s native token, DOT, saw some relief. The token recorded an uptick in price which was lost by the end of the day. In the early hours of 15 June, the token traded as high as $7.66. However, it wentContinue reading “Polkadot investors who married bias should know this about DOT’s street cred”

As most move-to-earn blockchain-based projects reel under the impact of the tight market conditions, STEPN appears to have been hit the most. Apart from struggling to keep gamers interested, since the beginning of the month, the gaming company has been trailed by a series of unfortunate events. At the end of May, a regulatory clampdownContinue reading “Analyzing how GMT, GST tokens have fared amid current market turmoil”

As the cryptocurrency ecosystem gradually recovers from the impact of the collapse of Do Kwon’s LUNA and his UST stablecoin, the suspension of withdrawals, swaps, and transfers between accounts on Celsius as a result of “extreme market conditions”, sent the entire market spiraling downwards on Monday (13 June). As the Network ‘intensified’ its effort to resumeContinue reading “Celsius may be market’s Achilles heel, but why then did CEL rally by 100%”

As the crypto market gets ravaged by a wildfire set by the bears, some tokens have taken to recording new lows. One of those cryptocurrencies is Shiba Inu’s SHIB token.  As the general crypto market fell on 13 June, the SHIB token touched a price index that has now caused the token to trade atContinue reading “Shiba Inu’s active addresses, transaction volume have been hinting at…”

Many might believe that the current cryptocurrency market bloodbath would be a deterrent to new entrants into the space. However, in a recently conducted survey by Bank of America (BOA), that assumption might be wrong. Conducted by BOA in early June following the collapse of TerraLUNA, of the 1,000 respondents that participated, the survey revealedContinue reading “Before you square off your position, read BoA’s survey highlights”

“What is good for the goose is good for the gander.” Unfortunately so, the Decentralized Finance (DeFi) ecosystem is not spared from the current mishap facing the general cryptocurrency market. According to data from DefiLlama, with a Total Value Locked (TVL) of $81.21b across all DeFi protocols, as the cryptocurrency market struggles, the DeFi ecosystemContinue reading “Invested in AAVE, DeFi? Your return per unit of stress might be…”

According to data from CoinGecko, the NFT projects (CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki, and Doodles) which make up the top five projects by all-time volume on OpenSea, have all suffered a decline in their floor price in the last 24 hours. Falling below its $1 trillion mark, data from CoinMarketCapContinue reading “CryptoPunks, BAYC, MAYC, Azuki- Is price the antithesis of sales volume”