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” Bitcoin falls back under $30K while 8.3% US CPI shows signs inflation has peaked “ Bitcoin (BTC) dropped by $1,500 in minutes on May 11 as the latest United States inflation data delivered mixed sentiment on the economic outlook. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin puts in fresh 10-month lows Data from…
” Industry experts weigh in on SEC hiring more crypto cops “ The United States Securities and Exchange Commission (SEC) is seeking to hire more people to focus on digital assets, raising the number of personnel charged with safeguarding investors in cryptocurrency markets almost twofold. The SEC’s Cyber Unit, which comprises the Crypto Assets and…
” Avalanche drops 30% on fears Terra’s LFG will dump AVAX next “ Avalanche (AVAX) is paying the price for being one of the collateral assets that maintain Terra’s native stablecoin TerraUSD’s (UST) peg with the U.S. dollar. Major AVAX dump ahead? AVAX’s price dropped about 30% to reach $32.50 on May 11, its lowest…
” Terra founder Do Kwon shares plan to save the UST stablecoin peg “ Do Kwon, CEO of Terraform Labs, will not admit defeat. After an 18-hour wait in which his coins Terra (LUNA) and TerraUSD (UST) endured a face-ripping freefall, Do Kwon has announced his “rescue plan” for the Terra community. Terra is down…
” Terra ‘rescue plan’ still at large as LUNA falls below $5, Bitcoin spikes to ‘$138K’ in UST “ Panic appeared to set in on crypto markets overnight on May 11 as Blockchain protocol Terra failed to steady its bleeding cryptoassets. Data from Cointelegraph Markets Pro and TradingView showed both the firm’s in-house token, LUNA…
” VeChain Foundation reports $1.2B crypto treasury… but spent just $4M in Q1 “ The VeChain Foundation has released its financial report for Q1 2022 showing that the project amassed an impressive $1.2 billion war chest but only spent about $4.1 million in the quarter. VeChain (VET) is a blockchain project designed to enhance supply…
” Altcoins stage a relief rally while Bitcoin traders decide whether to buy the dip “ The similarity in price action between the crypto and traditional financial markets remains quite strong on May 10 as traders enjoyed a relief bounce across asset classes following the May 9 rout, which saw Bitcoin (BTC) briefly dip to…
” Polygon reaches level that last time triggered a 275% MATIC price rally — will history repeat? “ Polygon (MATIC) price reversed course to the upside on May 10 after testing $0.794 as its interim support, thus rising by up to 25% to $0.99. The rebound occurred a day after the token slumped over 17% to reach…
” What are the top social tokens waiting to take off? | Find out now on The Market Report “ “The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the social tokens you should be keeping a close eye on. But first, market expert Marcel Pechman carefully…
” Can Solana become the dominant PoS chain despite persistent outages? “ Like most new-age networks, Solana was developed to resolve major issues confronting the blockchain industry. While the network has addressed some of these issues by its very nature, it has also encountered a few unique problems. From resource exhaustion to a halt in…