The cryptocurrency market has been rife with volatility, and few events have underscored this tumult more sharply than the collapse of the TerraUSD (UST) stablecoin and its sister token, Luna, orchestrated by South Korean entrepreneur Do Kwon. As the co-founder of Terraform Labs, Kwon seemed poised to shape the future of decentralized finance until a
Crypto
Bitcoin has once again demonstrated its volatile nature, engaging in a dramatic week of trading that captivated both investors and analysts alike. Starting from the previous Wednesday, following the Federal Open Market Committee (FOMC) meeting, the market appeared to brace for impact as Bitcoin plunged from highs of over $108,000 to nearly $92,000 by the
Richard Heart, founder of the cryptocurrency Hex, has emerged as a polarizing figure within the blockchain community. While some attendees herald him as an innovator, his recent legal entanglements have painted a starkly different picture. Now featured on Interpol’s global wanted list following a Red Notice issued by Finnish authorities, Heart finds himself at the
The evolving landscape of cryptocurrency has become a topic of intense discussion, especially among key political figures. Recently, a notable conversation unfolded between television personality Jim Cramer and former President Donald Trump about the government’s role in cryptocurrency regulation and promotion. Trump’s statements highlighted a growing recognition of the importance of digital currencies not just
Last week, the digital asset investment landscape experienced a roller coaster ride, characterized by notable inflows of $308 million juxtaposed with more significant outflows totaling $1 billion over the last two days. The stark contrast between the inflow and the subsequent outflow signals a volatile period for investors, indicating reactions not just to market performance
In a move that underscores its commitment to Bitcoin investment, MicroStrategy, a prominent corporate player in the cryptocurrency space, has announced a Special Meeting of Shareholders. This gathering is pivotal, as it intends to address several proposals that will bolster the company’s Bitcoin-centric 21/21 Plan while optimizing capital-raising strategies. The focus of this meeting reflects
In the dynamic world of cryptocurrencies, few assets have experienced the level of volatility that XRP has recently endured. Over the past few days, XRP’s price plunged dramatically from a high of $2.60 to dipping below the $2 mark, a substantial drop that raised eyebrows across the trading community. However, the descent seems to have
Ripple’s XRP has been embroiled in significant price movements recently, with its value plummeting from an impressive $2.50 on December 17 to near $2 just days later. This drastic fall is indicative of the broader volatility that permeates the cryptocurrency marketplace, particularly during periods of market correction. However, the subsequent recovery to approximately $2.25, while
Bitcoin (BTC) has long been recognized for its unpredictable price swings and speculative nature. However, a noteworthy phenomenon has emerged: institutional investors are significantly shaping the landscape of Bitcoin ownership. In 2023, institutional players were responsible for around 14% of known BTC holdings. This figure has surged to an impressive 31% recently, marking a significant
In the volatile landscape of cryptocurrency, the recent sharp decline in Bitcoin’s value by 9.8% over the past week has left many investors feeling apprehensive. This downturn has raised questions regarding the sustainability of Bitcoin’s price, leading to a cautious approach among market participants. Amid this uncertainty, however, certain entities are choosing to double down
