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Join Our Telegram channel to stay up to date on breaking news coverage The Terra Luna price has fallen from its peak around $120 in April 2022 to barely one-hundredth of a cent, sending shockwaves across the cryptocurrency market. Following the collapse of Terra’s alsgoritmic stablecoin UST and its sister token LUNA, Terra LUNA was then christened TerraLUNA Classic (LUNC) with a circulating supply of 6.014 trillion in an attempt to salvage what remained of the ecosystem. This has led many people to question how the new LUNA coin under Terra Luna 2.0 is different from the original. At the time of writing, the LUNA price is trading at $0.000149, after gaining 1.66% in the last 24 hours. The current market cap of the LUNA coin is $890 million, which puts the crypto at #39 on CoinMarketCap with a 24-hour trading volume of $106.7 million. The Terra Luna Ecosystem The native token of the Terra blockchain is LUNA. A Korean company called Terraform Labs, where up to $32m million was

According to local South Korean news outlets, the Vice President of Vidente Co. (surname Park) was found dead in front of his house in southern Seoul. The firm is the biggest shareholder of Bithumb Holdings Co., which controls the crypto exchange Bithumb . Before his death, Park was under investigation on charges of embezzlement and stock price manipulation. Allegedly, Park oversaw accounting for Kang Ji-Yeon and her brother Kang Jong-Hyun when he was the Vice President of Vidente. Ji-Yeon is the head of the kiosk supplier Inbiogen, which holds the largest share in Vidente. There are allegations that the Kang siblings framed Park for embezzlement and share price manipulation. There are several reasons for suspicion surrounding the Kang siblings. These include their alleged involvement in shady stock market manipulation, the issuance of convertible bonds, and the creation of slush funds through the theft of funds from businesses operating under false identities. The affilia

Michael Saylor at the Bitcoin 2022 conference in Miami. Source: A video screenshot, Youtube/Bitcoin Magazine Michael Saylor, the founder and former CEO of software firm MicroStrategy, continues to demonstrate a bullish approach to bitcoin (BTC) with his latest investment of about $42.8 million in the top crypto.  In a recent filing with the Securities and Exchange Commission (SEC), the business disclosed a purchase of about 2,395 bitcoins made with cash, at an average price of some $17,871 per bitcoin, inclusive of fees and expenses. The firm has also sold some of its crypto assets over the past week with the aim to optimize its taxes, as indicated by the filing.  “On December 22, 2022, MacroStrategy sold approximately 704 bitcoins for cash proceeds of approximately $11.8 million, at an average price of approximately $16,776 per bitcoin, net of fees and expenses. MicroStrategy plans to carry back the capital losses resulting from this transaction against previous ca

Join Our Telegram channel to stay up to date on breaking news coverage The largest corporate owner of Bitcoin reserves in the world, the American software business MicroStrategy, revealed on Wednesday that it traded some of its holdings for the first time ever on December 22. However, the company and its renownedly optimistic co-founder Michael Saylor have not abandoned Bitcoin since MicroStrategy has since bought more BTC. In a filing with the United States Securities and Exchange Commission (SEC), MicroStrategy said today that it sold 704 bitcoins (BTC) for about $11.8 million on December 22. Given how much the value of bitcoin has fallen since MicroStrategy first started buying it in 2020, this sale may have helped the company reduce its tax obligations. According to the company, MicroStrategy aims to carry back the capital losses resulting from this transaction against prior capital gains, to the extent such carrybacks are permissible under the applicable federal income

Join Our Telegram channel to stay up to date on breaking news coverage The year has been a particularly intense one for the cryptocurrency market, with a myriad of decentralized and centralized organizations barely keeping afloat. Nevertheless, it feels as though we are approaching the tail end of the bear market, with the likes of Internet Computer price flashing green.  On metrics of the most valuable Metaverse initiatives, ICP’s market valuation of $1.08 billion, positions it among the top tokens worth investing in for the long term, with users riding on its potential to define a Metaverse future.  GM! GM! If you haven’t 👀 #InternetComputer Review by @Bitboy_Crypto: “ICP to reinvent the Internet that takes away power from big tech and distribute it to the people-to create a World Computer that cannot be shut down”. Snippets👇 👀 in full🧵🎬 #ICPeople #Web3 #ICP 🔥🇵🇭 pic.twitter.com/M2MkiYTtaF — Internet Computer Protocol (ICP) Manila 🇵🇭 (@ICPManila) December 21, 20

Source: AdobeStock / ArtemSam Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Metaverse news US asset manager  Fidelity  has filed three trademark applications in the US to provide services in the metaverse and other virtual worlds. They also mention non-fungible tokens (NFTs), NFT marketplaces, virtual real estate investing, crypto trading, and metaverse investment services.  Security news Decentralized finance protocol  Defrost Finance , which was hacked on December 23, said that, as all V1 hacked funds had been returned, the team would “soon start the process of refunding these assets to the rightful owners prior to the attack.” In the following days, a refunding smart contract will be deployed, and owners will be able to claim their assets back in stablecoins. Investment news Crypto mining company Argo Blockchain said it had requested a suspension

Ahead of the holidays and new year, the former U.S. National Security Agency (NSA) contractor known to the world as a staunch privacy advocate and whistleblower, Edward Snowden, has offered to step up as the new CEO of Twitter after current “Chief Twit” Elon Musk has said he is stepping down. In other news from this week, hedge fund manager Michael Burry — of “The Big Short” fame — said that audits of cryptocurrency exchanges like FTX and Binance are “meaningless.” Get caught up on these hot stories and much more just below in this latest issue of the Bitcoin.com News Week in Review. Elon Musk Promises to Step Down as Head of Twitter — Edward Snowden Throws His Name in the Hat for CEO Tesla CEO and Twitter chief Elon Musk has promised to step down as head of Twitter. As the billionaire seeks a new CEO to run the social media platform, privacy advocate Edward Snowden threw his name in the hat, stating that he takes payment in bitcoin. “The question is not finding a CEO, the question

Gold bug and economist Peter Schiff has recommended selling bitcoin today, emphasizing that it is “the smart move.” Many people disagreed with Schiff’s Analysis of the price of the cryptocurrency, warning that he is telling investors to sell at the bottom. Peter Schiff’s Bitcoin Advice Gold bug and economist Peter Schiff has a Christmas message for bitcoin investors. Schiff is the founder and current chairman of Schiffgold, a precious metals dealer specializing in gold and silver bullion. He has long been a bitcoin skeptic, regularly bashing the crypto while promoting gold. He tweeted Sunday: My Christmas gift to HODLers is this bitcoin chart. As you can see bitcoin is much closer to its ceiling than its floor. The yellow line that was once support is now resistance. Since the upside potential is so low and downside risk so high, the smart move is to sell today. Bitcoin’s price chart tweeted by Peter Schiff on Dec. 25. While some people thanked Schiff for his advice, many critic

Bank of England Deputy Governor Sir Jon Cunliffe has revealed that the British central bank is planning to step up its efforts to regulate cryptocurrency trading with new laws. “We should think about regulation before it becomes integrated with the financial system and before we could have a potential systemic problem,” he stressed. Sir Jon Cunliffe on Crypto Regulation Sir Jon Cunliffe, Bank of England (BOE)’s deputy governor for financial stability, talked about cryptocurrency in an interview with Sky News Thursday. He explained that the British central bank plans to step up its effort with new laws to regulate crypto trading following the collapse of crypto exchange FTX. “Trading of crypto assets was not big enough to destabilize the financial system, but it was starting to develop links,” Cunliffe said, elaborating: We had banks and investment funds and others who wanted to invest in it and I think we should think about regulation before it becomes integrated with the financial

Source: AdobeStock / ChiccoDodiFC Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Crime news The European Union Agency for Criminal Justice Cooperation (Eurojust) announced that, with its support, authorities in Italy and Albania dismantled an online investment fraud involving crypto. Per the press release, €3 million ($3.2 million) worth of assets was seized during the operation. The total damage caused is estimated at €15 million ($15.9 million). Exchange news Kraken announced the public launch of Kraken Pro , with a full suite of trading tools and access to spot trading, margin trading, staking, and portfolio management. Kraken Pro is specifically designed for advanced traders, and it comes with the Kraken Pro app, said the press release. Kraken also announced the public beta launch of Kraken NFT , the marketplace built from the ground up for coll

During the Asian session on December 23, Bitcoin price prediction remains neutral below $17,000, as the market appears to have low volatility and trading volume ahead of the Christmas holidays. Benjamin Cowen, a well-known cryptocurrency expert, recently stated that the bears are growing tired as Bitcoin's (BTC) price has plunged more than 75% from its all-time high above $69,000 observed last year.  On December 23, major cryptocurrencies traded mixed after the global crypto market cap remained practically steady at $810.53 billion over the previous day. Over the last 24 hours, the entire crypto market volume increased 12.46% to $28.94 billion.  The overall volume in DeFi was $1.63 billion, accounting for 5.64% of the total 24-hour volume in the crypto market. The overall volume of all stablecoins was $26.33 billion, accounting for 90.97% of the total 24-hour volume of the crypto market.  Similarly, Ethereum has also remained mostly unchanged at $1,220.  After a