Ein Fehler bei der Kursermittlung der Orakelsoftware für Terra Classic-Validatoren hat einen Exploit ermöglicht, bei dem mehrere Asset-Pools von Mirror Protocol leergeräumt wurden.
Crypto is ‘overdue a rebound’, Celsius CEO says
The crypto market saw decent rebound on Monday as Bitcoin (BTC) pushed above $30k, with a multi-week high above $32,000 seeing the cryptocurrency turn positive on the weekly chart after nine consecutive red candles.
The rest of the market also saw nice bumps as Ethereum shot above $2k and several other top coins rose to push the total crypto market capitalization up by nearly 4%.
Bitcoin is ‘overdue a rebound’
While bulls are not out of the woods yet given the bear market, Celsius CEO Alex Mashinsky believes the crypto market is “due a rebound.”
He told Kitco News in an interview ahead of Monday’s bounce that more room for upside looks likely given the market outlook over the past few weeks. The Celsius CEO also pointed to Wall Street’s performance last week, where the major indexes snapped a losing streak, including the S&P 500 that had edged +6% by Friday’s close.
Mashinsky also notes that analysts at JPMorgan recently released a research report suggesting the sell-off in crypto was “overdone.” The report suggested a rebound was likely to push Bitcoin price to around $38,000.
Also, with $1.8 billion worth of crypto expirations on, a bullish reversal is highly likely. On the overall bearish pressure still present amid extreme fear among investors, the Celsius exec added:
“You can press a spring as hard as you want but the harder you press it the harder it rebounds and here we’re overdue for a rebound.”
Bitcoin currently trades around $31,780 while Ethereum is hovering near $1,960 as US markets open after Monday’s holiday close.
The post Crypto is ‘overdue a rebound’, Celsius CEO says appeared first on CoinJournal.
Kasachstan meldet Einnahmen aus Mining-Abgaben für das Q1 2022
Kasachstan hat nach der Einführung neuer Stromabgaben für Krypto-Mining knapp 1,5 Mio. US-Dollar im Q1 2022 eingenommen, doch damit liegt die Regierung noch deutlich hinter den Erwartungen zurück.
Cardano (ADA) jumps by over 25%: here are the reasons why ADA is rallying
The Cardano (ADA) price has rallied by over 20% today bringing relief to traders and investors after weeks of crypto market clash gloom. ADA has surpassed XRP after its transaction volume jumped 3 times those of Ethereum to become the 6th largest crypto by market cap.
At the time of writing, ADA was trading $0.6347, up 21.41% after retracing from a daily high of $0.6823.
ADA price surge has been influenced by the following factors: ADA Price Rebounding from the bottom levels, GitHub development activity Lagon’s Cardono-Ethereum bridge launch for USDC, and Vasil Hard Fork launch.
ADA Price Rebounding from the bottom levels
ADA price rebound from a bottom level of $0.45 to a high of $0.68 brought whales and investors to purchase the dip. Additionally, the total value locked (TVL) and the number of transactions also increased pushing the price rally.
GitHub development activity
As the prices continued the dip, the Cardano team continued working on several innovative projects. GitHub development activity hit an all-time high causing the price to rally after a loss was witnessed on the Cardano network in the past weeks.
Yesterday Santiment tweeted:
“Cardano is one of many altcoins that have enjoyed a great start to the week, currently +13% in the past 24 hours. Development activity has hit All-Time High levels, as ADA‘s team worked on innovating while prices were suppressed.”
📈 #Cardano is one of many #altcoins that have enjoyed a great start to the week, currently +13% in the past 24 hours. Development activity has hit #AllTimeHigh levels, as $ADA’s team worked on innovating while prices were suppressed. 🧑💻https://t.co/kSqbhUZOe8 pic.twitter.com/XiFVl0NK2M
— Santiment (@santimentfeed) May 30, 2022
Lagon’s Cardono-Ethereum bridge launch for USDC
Another reason for the rally is the launch of lagon’s Cardano-Ethereum bridge that will enable the second-largest stablecoin (USDC) to be moved from the Ethereum blockchain to the Cardano blockchain. This is a great interoperability milestone for Cardano as the team also aims at introducing other tokens.
Vasil Hard Fork launch
As Cardano continues to make progressive moves and attract more users to its network, the Cardano community is eagerly waiting for the launch of Vasil Hard Fork, an upgrade to the Cardano network, at the end of June.
Charles Hoskinson, the founder of Cardano blockchain, said that once the hard fork is implemented, more developers will shift to the Cardano blockchain and this will cause the price of ADA to rally.
The post Cardano (ADA) jumps by over 25%: here are the reasons why ADA is rallying appeared first on CoinJournal.
Ether (ETH) könnte Rückgang drohen: Ethereum-Kurs klettert in Richtung 2.000 US-Dollar
Der ETH-Kurs hat sich von einer wichtigen Unterstützung aus erholt und klettert zwar in Richtung 2.000 US-Dollar, aber Analysten warnen, dass das nur eine „Erholungsrallye“ sein könnte.