Documents reveal Terraform Labs has filed for Chapter 11 bankruptcy protections in the US. Terraform Labs say filing is a strategic move to allow the company to continue to pursue its business plan while repaying creditors. Terraform Labs and ex-CEO Do Kwon face numerous legal battles both in the US and Singapore relating to the […]
Grayscale Transfers an Additional $900 Million in BTC to Exchanges
The spot Bitcoin ETF launch has been overshadowed by massive investor exodus from Grayscale Bitcoin Trust (GBTC). Discount vanishing and high fees have incentivised investor migration to more efficient spot ETFs. FTX’s USD $1 billion liquidation likely the peak single-account outflow, but more selling is on the horizon. However, the market shedding some of its […]
DOGE vs. Ripple: Dogecoin Cofounder Calls out Brad Garlinghouse
Ripple Labs CEO Brad Garlinghouse expresses skepticism toward meme coins such as Dogecoin
Ethereum Price Analysis: ETH Retreats Lower From $2,700
Ethereum price started a downside correction from the $2,700 resistance against the US Dollar. ETH price is now trading below $2,550 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with support at $2,400 on the 4-hour chart (data feed from Coinbase). The pair could start a fresh […]
FTX Crashed Bitcoin Price Below $40K – Here’s How
The post FTX Crashed Bitcoin Price Below $40K – Here’s How appeared first on Coinpedia Fintech News Following the conversion of Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund, the bankrupt FTX’s assets have now sold approximately $1 billion worth of GBTC shares. Details of The Sale FTX, which filed for Chapter 11 Bankruptcy on […]
Bitcoin Price Dives Below $40K, Can Bulls Save The Day?
Bitcoin price extended its decline below the $40,000 support zone. BTC is consolidating losses and remains at risk of more downsides below $38,500. Bitcoin price is gaining bearish momentum below the $40,500 zone. The price is trading below $40,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with […]
Ethereum’s Tipping Point: Analyst Warns Of Steep Drop To $2,000
Since Ethereum (ETH) peaked at $2,717 in the last two weeks, the asset has experienced a gradual decline, culminating in its arrival at a key demand zone, which could be instrumental in determining its imminent price trajectory, according to a prominent crypto analyst. Critical Support Zone Flags Continuous Bearish Move Renowned crypto analyst Ali has […]
XRP Price Poised For 90% Rally in Next 3-4 Months – Here’s Why
The post XRP Price Poised For 90% Rally in Next 3-4 Months – Here’s Why appeared first on Coinpedia Fintech News XRP, Ripple’s digital currency, is facing challenges as it struggles to sustain a value above $0.57 and break through the significant barrier of the 200-day Exponential Moving Average (EMA). XRP is down 3.81% in […]
Ripple’s Head Lawyer Exposes Flaws in Coinbase vs. SEC
The post Ripple’s Head Lawyer Exposes Flaws in Coinbase vs. SEC appeared first on Coinpedia Fintech News In the legal showdown between Coinbase and the SEC, analysts exhibit cautious optimism about Coinbase’s chances of winning, estimating the odds of 70%, according to Bloomberg Intelligence’s James. However, the overall sentiment in the crypto community remains mixed, […]
MoonDAO ‘unlikely’ to colonize the moon by 2030, admits co-founder
Co-founder Pablo Moncada said the ambitious goal is lofty for a reason, and that his DAO could eventually become a solution to the “walled-off” landscape of space exploration.