Despite Moving towards a High Price, ETH’s Strong Rally Still Lies with Implementation of Upgrade

ETH

On June 20, the trading price of Ether (ETH) was oscillating between two particular ranges. These ranges were reportedly $1,200 and $1,050. Although the back and forth movement of ETH showed low volatility, still, the bulls did not lose their confidence in the rally. They continued with their strong sentiments and kept pushing forward. Although … Read more

Bitcoin (BTC) Oscillates Beneath Downside Resistance Line

Bitcoin (BTC/USD) keeps consolidative tendencies, steadying beneath the crucial levels of $32,845, which represents the 24 January lows. Also, the world’s largest crypto remains under the downside lines formed from the 28 March peak. 5 May sessions saw BTC plunging beneath the bottom area of an upward channel and respected the mentioned downside line, translating … Read more

South Korea Begins Investigation into Terraform Labs

Terraform Labs, which was founded by Do Kwon, has found itself under the investigation of the prosecutors and police in South Korea. They launched an investigation into the company after the global crypto market was rattled when its tokens resulted in a $40 billion implosion. According to the Seoul Metropolitan Police Agency, they were going … Read more

Fed May Have to Stick to Half-Point Rate Increases

On Friday, Loretta Mester, the President of the Federal Reserve Cleveland, stated that the central bank may have to continue raising interest rates at the same pace till September unless they would find ‘compelling’ evidence showing that inflation had hit its peak. Along with other policymakers of the Fed, including Chairman Jerome Powell, Mester has … Read more

27% Surge Has Cardano Flipping XRP to Be 6th Biggest Crypto

Cardano gained around 27% within the past day as the platform awaits its much-anticipated Vasil fork set to arrive in June. Briefly – ADA surged more than 27% today, surpassing Ripple as the 6-largest token in the crypto list. The uptrend precedes that anticipated Vasil upgrade, which will improve the blockchain’s efficiency and throughput. The … Read more

Terra: Nansen’s Research Unveils New Info on UST’s De-Peg Debacle

Recent reports suggested the Terra fall early in May didn’t emerge from one party. Instead, Nansen analysts flagged seven wallets as they evaluated on-chain stat from Ethereum to Terra. Moreover, the report concluded that hackers didn’t perform the de-pegging fiasco. The Nansen research (titled Demystifying TerraUSD De-Peg) attempts to investigate the Terra crisis. The reports … Read more