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Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity

Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity

As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down to

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Miners are migrating from Bitcoin to Ethereum to mine because…

Miners are migrating from Bitcoin to Ethereum to mine because…

Bitcoin and Ethereum miners, both have made a significant chuck in revenues over the years as demand skyrocketed. However, 2022 might come as a surprise especially for the largest cryptocurrency. January proved to be a

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Cardano’s Charles Hoskinson: We Are in a Bear Market

Cardano’s Charles Hoskinson: We Are in a Bear Market

The American entrepreneur and founder of Cardano – Charles Hoskinson – opined that ADA (the native token of his blockchain protocol) has been underperforming recently because crypto is in a bear market. In his view,

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It’s Now Less Profitable to Mine Than to Buy Bitcoin

It’s Now Less Profitable to Mine Than to Buy Bitcoin

Bitcoin profitability for miners plunges massively after five weeks of losses Following the fall in the cryptocurrency market, Bitcoin has officially become unprofitable for cryptocurrency miners, according to the “Bitcoin Production Cost” indicator on TradingView,

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Investors Turn Away from Crypto as Interest Rates Rise and Bitcoin Falls

Investors Turn Away from Crypto as Interest Rates Rise and Bitcoin Falls

Rising interest rates amid sluggish growth have turned investors away from riskier assets including bitcoin, which has fallen to a year-to-date low. Bitcoin fell to a level not seen since July last year, falling below

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Polkadex Wins 16th Polkadot Parachain Slot Auction with Almost 1 Million DOT Contributed

Polkadex Wins 16th Polkadot Parachain Slot Auction with Almost 1 Million DOT Contributed

Novel Substrate-based cryptocurrency exchange secured Polkadot (DOT) parachain slot with largest crowdloan With a secure parachain slot, Substrate-Centric Polkadex (PDEX) aims to become the go-to cross-network exchange for the DeFi and Web3 eras. Polkadex (PDEX)

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Bitcoin Retrace to $33,900 Could Be Sign of “Truly Notable Bounce” Coming: Santiment

Bitcoin Retrace to $33,900 Could Be Sign of “Truly Notable Bounce” Coming: Santiment

Data provided by analytics vendor Santiment shows that the current plunge of Bitcoin is in fact the market shaking off "weak hands" As the major digital currency fell below $34,000, trader sentiment also fell to

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Whale Holding 1.14 Trillion SHIB Buys Another 57 Billion Coins

Whale Holding 1.14 Trillion SHIB Buys Another 57 Billion Coins

This Ethereum whale continues buying Shiba Inu and increases his meme coin stash WhaleStats reported that the Ethereum whale ranked 72nd on this crypto data service’s scale has acquired a huge chunk of Shiba Inu,

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Luna Foundation “Sells” $1.5 Billion in Bitcoin Bought at $47,000 for $33,000: Details

Luna Foundation “Sells” $1.5 Billion in Bitcoin Bought at $47,000 for $33,000: Details

While foundation has not announced the sale, there is no other way to support UST stablecoin Luna Foundation Guard responsible for the stability of the UST stablecoin powered by Terra and its leader Do Kwon

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New data regarding stablecoin activity says this about the market sentiment

New data regarding stablecoin activity says this about the market sentiment

The crypto market is facing a testing start to May. With the Feds announcement, the market has faced two major dips already with the latest being a 3.7% dip. Amidst this, there has been yet

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