Some events occurred in the crypto market over the 24 hours, which could have been termed “inexplicable.” Undeniably, there are usually reasons for these seemingly puzzling occurrences. So what was it this time? Interestingly, the “classic” Terra assets took the community by surprise. TerraClassic [LUNC] and its unpegged stablecoin, TerraClassicUSD [USTC], recorded unprecedented 13.45% andContinue reading “Terra’s LUNC, USTC soar to a combined 44% uptick- Decoding puzzle”

The FTX token, at the time of writing, was trading at $27.54 and witnessed a spike of 1.54% in the last 24 hours. The token offers a bunch of utilities and is backed by one of the biggest centralized exchanges in the crypto space. Now, as an investor, you might ask- Could this token beContinue reading “Is going long on FTX token a safer bet for swing traders”

Brian Armstrong, the CEO of Coinbase, has predicted that cryptocurrency-related services would someday become commodities. He discussed the ambitions his organisation has to rely on subscription-based business models for revenue. In fact, Armstrong also suggested that the subscription model may contribute significantly to the company’s revenue. The strategy, however, has a long-term outlook and aContinue reading “Coinbase CEO Brian Armstrong concedes to making this ‘mistake’”

Celsius, the New Jersey-based bankrupt cryptocurrency lending company, has countersued decentralized DeFi aggregator KeyFi and its CEO Jason Stone. It is claiming that KeyFi lost CEL worth millions of dollars through incompetence and deceit. Celsius’s suit comes on the heels of KeyFi suing Celsius a few weeks back for allegedly failing to honour a profit-sharingContinue reading “Celsius countersues KeyFi and alleges ‘incompetence and deceit’”

In light of the ongoing crypto-winter, 46% of adult cryptocurrency users in the United States are reporting lower than expected returns on their investments. This, according to a Pew Research Centre survey. 6,000 randomly selected individuals from around the United States took part in the same by completing self-administered online questionnaires. Only 15% of thoseContinue reading “Not happy with your crypto-returns? Survey says you’re not alone”

The last few days haven’t been the best for the cryptocurrency market. However, despite all the uncertainty looming over the cryptocurrency market, EOS has managed to stand out.  Over the past week, the price has witnessed a 27% surge. However, the token did drop down by a minimum of 0.7% in the last 24 hoursContinue reading “EOS impresses investors on price chart, but here’s the major issue”

The Nomad Protocol has rolled out the Nomad Whitehat Prize. It’s a new scheme under which hackers who pillaged the Nomad bridge earlier this month are motivated to return the stolen funds in exchange for a Whitehat-inspired NFT. Exclusive NFTs and more Nomad has teamed up with NFT firm Metagame, with the latter creating aContinue reading “Nomad enticing hackers to return stolen funds in exchange for exclusive NFT”

Bitcoin [BTC] is not the only cryptocurrency that has taken a hit in the past few days. Altcoin, Solana [SOL] too hopped on the same bandwagon of plummeting prices. Down by a massive 20% in the last seven days, the price of SOL stood at $34.96, on 23 August, at the time of writing. AlthoughContinue reading “Assessing if Solana holders are struggling to stay profitable”

All may have now been confirmed that another top crypto head—Vitalik Buterin is a supporter of the Dogecoin [DOGE] ecosystem. Of course, the world’s richest man, Elon Musk has been a vocal supporter of the meme token. However, a new development on the DOGE chain seems to have been responsible for the recent addition.  AccordingContinue reading “What Dogecoin investors can expect after this proposal goes live”

A study by the UK-based market research firm Juniper Research recently analyzed the trajectory of the non-fungible token (NFT) market over the next five years. It has predicted that the number of global NFT transactions will hit the 40 million-mark by 2027. In fact, in a recently published whitepaper titled ‘NFTs – Seizing the MetaverseContinue reading “Five years from now, where will the NFT market really be?”

Stablecoins like Circle [USDC], Tether [USDT], and Binance USD [BUSD] provide an opportunity for investors to stay in minimal losses. For some, these dollar-pegged cryptocurrencies offer a chance to go all in on market dips. Hence, the current condition of the crypto market would have predicted that many investors have enough liquidity in stables. ContraryContinue reading “HODLing USDC? Examine these metrics to keep tension at bay”

Regular price swings in the cryptocurrency market have had a significant impact on USD Coin (USDC), a stablecoin developed by Circle. In fact, its whale addresses seemed to be flashing similar signals too. Especially since the primary wallet addresses for USD Coin have dropped to a level that is close to a 2-year low.  AccordingContinue reading “Here’s the whale of it all for USDC holdings”