Day: May 30, 2022

On-chain data shows Bitcoin long-term holders continuing to ‘soak up supply’ around $30K

Bear markets are typically marked by a capitulation event where discouraged investors finally abandon their positions and asset prices either consolidate as inflows to the sector taper off or a bottoming process begins.  According to a recent report from Glassnode, Bitcoin hodlers are now “the only ones left” and they appear to be “doubling down …

On-chain data shows Bitcoin long-term holders continuing to ‘soak up supply’ around $30K Read More »

The Fed’s Christopher Waller Wants 50 bps Rate Hikes Until Inflation Subsides, US Savings Data Plummets – Economics Bitcoin News

Federal Reserve governor Christopher Waller has detailed he is ready to get behind 50 bps rate hikes until the extreme inflationary pressures plaguing the U.S. economy subsides. Waller stressed that until inflation is reduced he doesn’t “see the point of stopping” 50 bps rate hikes. Furthermore, statistics from the U.S. Bureau of Economic Analysis show …

The Fed’s Christopher Waller Wants 50 bps Rate Hikes Until Inflation Subsides, US Savings Data Plummets – Economics Bitcoin News Read More »

Argentines turn to Bitcoin amid inflation worries: Report

Since 2016, Argentina has been engaged in a war against inflation. Caused by multiple factors, like a lack of trust in the central bank or government overspending, the depreciation of the Argentinean peso has negatively impacted citizens’ purchasing power. This has brought 37.3% of the population under the poverty line, and many others have had …

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Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism – Defi Bitcoin News

This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application that’s similar to Anchor Protocol as it offers more than 20% APY for USDD deposits. Amid Tron’s TVL rising, …

Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism – Defi Bitcoin News Read More »

Ethereum sell-off fears rise as crypto hedge fund moves $60M ETH to an exchange

Ethereum’s native token Ether (ETH) rose by more than 5% to reach its intraday high above $1,930 on May 30. Nonetheless, the ETH/USD pair risks facing another sell-off round due to concerns about a massive ETH inflow into an exchange. 58.7K Ether transferred to FTX in May On May 30, the Ether address allegedly associated …

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While the New LUNA Records Gains, Do Kwon’s Terraform Labs Is Plagued by Controversy and Accusations – Bitcoin News

It’s been two days since the Terra development team launched the new Phoenix-1 blockchain with the network’s native token LUNA. While the token dropped significantly in value during the first day of trading, the new LUNA has jumped 8.8% in value during the last 24 hours. Amid the token’s 24-hour rise, controversy continues to plague …

While the New LUNA Records Gains, Do Kwon’s Terraform Labs Is Plagued by Controversy and Accusations – Bitcoin News Read More »

Esports Powerhouse Galaxy Racer Invests US$25M to Partner With $QUINT – Press release Bitcoin News

press release PRESS RELEASE. 30th May 2022, Dubai, United Arab Emirates: Galaxy Racer (GXR), a transmedia powerhouse focused on e-sports, content creators, music, and sports, headquartered in Dubai, is excited to reveal its partnership with, and investment in, the Quint ecosystem’s token, QUINT. Galaxy Racer invested US$25 million into QUINT, making it the first e-sports …

Esports Powerhouse Galaxy Racer Invests US$25M to Partner With $QUINT – Press release Bitcoin News Read More »

Biggest Movers: ADA Hits 1-Week High, HNT Nearly 20% Higher on Monday – Market Updates Bitcoin News

Cardano was nearly 15% higher on Monday, as crypto markets were mainly in the green to start the week. Despite gains from ADA, HNT was one of the biggest movers today, as it rose by over 20%, hitting its highest point in over a week. Cardano (ADA) ADA rallied on Monday, as it rose by …

Biggest Movers: ADA Hits 1-Week High, HNT Nearly 20% Higher on Monday – Market Updates Bitcoin News Read More »

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