Cryptocurrencies

Member countries of the group of seven had a meeting from 18th to 20th of May. This meeting took place in Bonn and Konigswinter in Germany. Amidst the matters that were talked about is the control of crypto properties. This came after the crash of Terra (LUNA) and (UST). The G7 agrees with the working […]

Chief Executive Officer and joint founder of Terraform Labs may soon have to face legal action and confiscation of their property. This is coming after the Terra (LUNA) crash which happened the previous week. The Law firm (LKB and Partners) disclosed its intention of taking legal actions against Kwon to the newspaper (Munhwa Illbo) in […]

Terra’s governance token Luna, which backs its TerraUSD (UST) token, was riding high. It was in the top 10 of global cryptocurrencies by market cap and hit an intraday ATH of $119.38 on April 6th, 2022. Then last week it capitulated, literally going from hero to zero. UST is designed to hold value at $1 […]

In the last decade, crypto has gone from being an unknown asset to being one of the most talked-about subjects in finance. Just like any other kind of financial instrument it has seen its fair share of ups and downs. Thousands of people across the globe have made a fortune out of this instrument just […]

In September 2021, the president of El Salvador, Bukele Nayib decided to adopt Bitcoin as the means of economical activities. This makes El Salvador the first country to make Bitcoin a legal tender. Bitcoin, which has been bullish until it reached its $68,000 all-time-high in November, started a down-trend to date. Now, Bitcoin is priced […]

TerraUSD experienced a sudden price crash which started on the 9th till 13th May. However, between the 14th and 15th of May, signs of recovery have been seen. TerraUSD, being a stable coin is not meant to be this volatile. It is expected to be pegged at $1, but at the present, it is trading […]

Securities Exchange Commission of Nigeria gives regulatory laws on the provision, conversion, and possession of Cryptocurrency in the nation. This move came 1 year and Six months following the Commission’s first declaration on how it will group and handle Crypto in the nation. This move is in disparity with the nation’s Central Bank stand: which […]

Terra (Luna) crypto: once valued at $120.00 devalued (crashed) to $0.02. The devaluation occurred by 99.9 percent, and it happened within the 11th-12th of this month (May). The SPX fell below the 4,000 level: for the 1st time ever since the 5th month of 2012. Bitcoin also revisited the $25,000 price level. The Cryptocurrency market […]

There has been some interesting rank movement of some altcoins on the Ethereum network as whales, very rich wallet holders, are acquiring a large amount of some of these altcoins. According to information got from WhaleStat, an online whale-monitoring organization, ApeCoin (Ape), Loopring, MATIC, Serum, SAND, and even ETH among others are being acquired by […]

DeFi Coin (DEFC) surged by over 175% last Wednesday alone, as the price rallied to $0.23 on Bitmart. On that day, the DeFi token jumped from a daily low of $0.08 to tap a high of $0.25, a jaw-dropping 300% single-day move. That said, DEFC did not stop there. Instead, the cryptocurrency surged by another 124% […]