Luna Foundation Guard Launches to Support UST Peg as Stablecoin Blows Past $11B Market Cap – Bitcoin News

Luna Foundation Guard, a new decentralized organization developed to support the Luna ecosystem, was launched last week in Singapore. The Foundation will provide funding in the form of grants to support initiatives built on top of the Luna Network. One of its biggest jobs is to create a “forex reserve” that will help terrestrial treasuries, … Read more

Bitcoin Whales Stay Away Even as Technical Indicator Flashes Oversold

Visit the original article * https://www.coindesk.com/resizer/MkJZBWOcvu3cTHz0-XNBilqKq7s=/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PCLZ4ZURZJEWXO6JPK3XHNMHU4.png While the Bitcoin price slide appears exaggerated on the technical charts, demand from whales or major crypto investors remains elusive, indicating low potential for a rapid upward trend reversal. The 14-day Relative Strength Index (RSI) for cryptocurrency, a popular momentum indicator, has fallen below 30, presumably reaching its lowest … Read more

No Developed Nation Bans Cryptocurrencies, Telegram Founder Pavel Durov Warns Russia – Regulation Bitcoin News

Pavel Durov, founder of the messaging app Telegram, has criticized the Bank of Russia’s proposal to impose a blanket ban on a range of crypto-related activities. Durov says such a move would stifle high-tech development and drive out blockchain specialists. Durov Speaks Against Bank of Russia Push to Ban Cryptocurrency A crypto ban proposed by … Read more

Crypto YouTubers fall victim to hacking and scamming attempt

Hackers attacked a number of popular encrypted YouTube accounts sometime in the afternoon of January 23. The accounts have posted unauthorized videos with a script instructing viewers to send money to the hackers’ wallet. Accounts that appear to have been targeted include ‘BitBoy Crypto’, ‘Altcoin Buzz’, ‘Box Mining’, ‘Floyd Mayweather’, ‘Ivan on Tech’ and ‘The … Read more

UBS Warns of Crypto Winter Amid Expectation of Fed Rate Hikes and Regulation – Markets and Prices Bitcoin News

UBS, Switzerland’s largest bank, has warned of a crypto winter as prices collapse and may not recover for years. The bank’s analysts explained several main reasons affecting the prices of cryptocurrencies. UBS predicts a crypto winter could last for years Switzerland’s largest bank, UBS, has warned of a crypto winter as prices collapse and may … Read more

First Mover Asia: Bitcoin, Ether Regain Ground Sunday After Early Weekend Battering

Visit the original article * https://www.coindesk.com/resizer/_toeU_GJQiqGKUmm5a0nrJZAnpY=/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ZTFVF3NBX5G5HND4AZLRK7VD3E.jpg good morning. Here’s what happens: Market moves: Bitcoin traded over $36,000 on Sunday after continuing its recent decline earlier in the weekend. Technical Takes: BTC is stabilizing on the intraday charts, although $30,000 is a more important level to watch due to the decline in long-term momentum. Watch the … Read more

Why January Is A Historic Month For Bitcoin

Visit the original article * http://bitcoinmagazine.com/.image/c_limit,cs_srgb,fl_progressive,h_1200,q_auto:good,w_1200/MTgyNzUyNTY0NjIwNTY3OTA0/img_5735.jpg What makes the first month of the year such an important part of Bitcoin history? It is almost hard to believe that later in 2022, Bitcoin will celebrate its fourteenth “birthday.” Over the past 14 years, Bitcoin has made great strides, growing ridiculously and preparing itself to usurp the … Read more

When and why did the word ‘altcoin’ lose its relevance?

All cryptocurrencies other than Bitcoin (BTC) were first described as altcoins for one reason: there was a rise in projects copying and pasting Bitcoin’s source code. Early-stage cryptocurrencies weren’t unique enough to have a distinct term, so “altcoin” (altcoins) fits their description better. At that point, the community didn’t think much of other cryptocurrencies due … Read more