Crypto market capitalization plunged to $1.46 trillion, amidst the chaos that followed the algorithmic stablecoin TerraUSD (UST) substantially losing its peg to the dollar and Terra (LUNA) losing about half of its market cap. Questions are also being raised whether Bitcoin’s price collapsing to less than $30k in the past 24 hours is a direct fallout of the UST/LUNA episode. […]

Bitcoin Foundation chairman and billionaire investor Brock Pierce says that the price of Bitcoin will either go to $1 million or fall to zero.  During a recent interview with Fox Business on May 6, at a time when Bitcoin was trading around $36,157, Pierce predicted that Bitcoin will either succeed and rise to an astronomical price or fail spectacularly. Pierce […]

Bitcoin hasn’t been acting as an inflation hedge over the last few months, according to analysts with Bank of America who noted the flagship cryptocurrency has instead been trading as a risk asset since July 2021. According to Fortune, Bank of America analysts Alkesh Shah and Andrew Moss have drafted a new report where they point to data showing BTC […]

Monday, May 9, the crypto market continues to shed, threatening to carry on last week’s losing streak that has seen the entire crypto market slump to $1.46 trillion after a 9.80% decrease over the last day. As of writing, Bitcoin, which is also considered a direction front-runner for other cryptocurrencies is down 8.18% in the past 24 hours to $31,715. […]

The Median Decline of the S&P 500 During a Recession is -35% His calculation is also based on another observation that ‘the median decline for the S&P 500 during a recession (since 1971) is -35%.’ Consequently, given the S&P500 hit a recent high of $4,900, a drop to $3,200 is probable. He also pointed out that the S&P 500 is […]

Grayscale Files Form 10 Registration for Horizen, Stellar Lumens, and ZCash Trusts The availability of GBTC and ETHE on Robinhood comes less than 24-hours after Grayscale announced that it had publicly filed Registration Statements on Form 10 with the US Securities and Exchange Commission for the Grayscale Horizen Trust, Grayscale Stellar Lumens Trust, and Grayscale Zcash Trust. According to Grayscale, […]

Please Let the New York Senate Know – Michael Saylor Mr. Saylor shared his insights into the situation of the proposed bill to ban proof-of-work mining in New York through Twitter. He also urged his social media followers on the platform to let the New York Senate know that the bill was not a good idea. He shared a link […]

It’s the Fed’s policy day again and financial markets are awash with commentaries on what the Fed is likely to do now and what it may do down the line. Crypto world is also waiting with bated breath and a trip down the memory lane could help put into perspective, the crypto markets’ tryst with the Fed’s moves on rates […]

Shares of lithium technology company Livent Corporation (LTHM) are rising more than 19% Wednesday morning after reporting better-than-expected earnings in the first quarter. The company also raised its full-year revenue outlook above analysts’ view. Livent sees full-year revenue to be in the range of $755 million – $835 million, up from prior outlook of $540 million- $600 million driven by […]