Markets
Luna Classic, Remnant of Terra Collapse, Jumps 60% as Binance Unveils Burn Scheme
The crypto exchange’s new measure aims to reduce the hyperinflated LUNC token’s supply, but it is unlikely to have the desired effect that traders hope for.
Market Wrap: Bitcoin Drops Below $19K Amid Ongoing Volatility
Macroeconomic uncertainty continues to hobble crypto prices.
Ethereum Miners’ $319M Crypto Hoard Hangs Over Market After Merge
Miners dumped over 16,000 ETH, worth more than $20 million, in the past week, on-chain data showed. The Ethereum miners still have about 245,000 ETH left – and no longer any business affiliation with the blockchain network.
Market Wrap: Bitcoin Holds Over $19K, Continues Wild Ride
Both bitcoin and ether saw wide swings in price over the past day.
Indonesia Has Global Plans for Local Crypto Tokens
The country sees the tokens as a way to boost its economy.
As XRP Rallies, Some Traders Buy Year-End Bullish Bets in the Options Market
Investors are snapping up bullish bets in anticipation of a resolution of Ripple's legal tussle with the U.S. SEC.
Market Wrap: Cryptos Decline as FOMC Delivers Expected Rate Hike
Expect the price of bitcoin and other riskier assets to bob and weave on the waves of macroeconomic uncertainty.
Crypto-Linked Stocks Rally After Fed Rate Hike
Cryptocurrency-exposed stocks rose along with bitcoin and ether following the Federal Reserve's announcement Wednesday to boost the interest rate 75 basis points.
Fed Hikes Rates to Highest Since 2007; Bitcoin Slides Toward $19K
This is the third consecutive time that members of the Federal Open Market Committee raised rates by 75 basis points, signaling how serious inflationary pressures have gotten in the U.S. The bitcoin market doesn't like it.
