Can Terra blockchain sustain its growth? Research report digs deeper

Cointelegraph Research fundamentally evaluates Terra in its 50-page report to provide an in-depth analysis of its recent updates, including Columbus-5, the Bitcoin (BTC) acquisition and others. Decentralized algorithmic stablecoins, blockchain integration in real-world payments and 20% APYs on decentralized finance (DeFi) protocols — what is all of this, and is it really doing this? The […]

Bitcoin heads for 2-week highs as Terra promises BTC price will soon ‘get spicy’

Bitcoin (BTC) regained fresh ground on April 21 after bears failed to gain control of short-term price action overnight. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Trader: Holding $42,300 could open up path to $50,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching new local highs of $42,455 on Bitstamp Thursday. With the Wall […]

Terra is 2022’s Version of Corporate Bitcoin Buying; Cryptos Hold Steady in Weekend Trading

The largest cryptocurrency by market capitalization was recently trading at about $39,928, a little down from where it stood 24 hours earlier and about the same as where it started the Good Friday, holiday weekend. Ether, the second largest crypto by market cap, was trading at about $3,026, a level from which it has barely […]

Bitcoin price levels to watch as Terra buys 2.5K BTC to nearly match Tesla

Bitcoin (BTC) is keeping traders on the edge of their seat this week as support levels come close to breaking. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders line up targets below $40,000 Data from Cointelegraph Markets Pro and TradingView shows that lines in the sand below $40,000 barely remain intact after multiple retests. The […]

Terra price key support level breaks after 30% weekly drop — more pain for LUNA ahead?

Terra (LUNA) price slid on April 11 as a broader correction across crypto assets added to the uncertainties concerning its token burning mechanism. Bitcoin (BTC) and Ether (ETH) led to a decline in the rest of the cryptocurrency market, with LUNA’s price dropping by over 8% to nearly $91.50, and about 30% from its record […]

xASTRO staking and upcoming ‘Terra wars’ send Astroport price to new highs

Projects that launch on up-and-coming blockchain networks can often benefit from a low competition environment that allows them to attract  new users and liquidity at a faster rate than crowded networks like Ethereum.  A recent example of this is Astroport (ASTRO), an automated market maker (AMM) on the Terra (LUNA) network that has seen an […]

Terra Backers Buy $200M in AVAX Tokens, Bolstering Crypto Reserves Beyond BTC

“AVAX is an excellent reserve asset to complement bitcoin [BTC] in the LFG treasury,” Ava Labs President Jon Wu told CoinDesk via Telegram. “This is just the beginning for these two communities together. We’ll see more assets, applications, and novel subnet collaborations flourish out of this new connection.” Source link

Rune’s upcoming mainnet launch and Terra (LUNA) integration set off a 74% rally

2021 was a roller coaster of a year for THORChain (RUNE), which saw its price top out at $20.31 only to come crashing down below $4 as a series of hacks and declining interest in decentralized finance had the token limping into 2022. Data suggests that investors could be taking a closer look at Rune […]

Terra LFG outdoes MicroStrategy with 5K BTC buy after Bitcoin price dips under $45K

Terra, the Blockchain outfit using Bitcoin (BTC) to back its new United States dollar stablecoin, has bought over 5,000 BTC. Wallet data confirms that on April 6, Terra added another 5,040 BTC to its balance, now totaling to 35,768 BTC. Terra buys the dip… again The move comes after a multi-day lull in buying activity […]