Author name: Cryptoolio Team

LUNA Crypto Divides 9 Blockchain Bigshots as Terra Struggles to Survive

Lots of crypto celebs are speaking up about the Terra collapse By Brenden Rearick, InvestorPlace Financial News Writer May 19, 2022, 4:56 pm EDT Industry leaders are starting to deliver their takes on Terra’s (LUNA-USD) LUNA crypto LUNA saw a rapid decline last week, with prices falling from more than $80 per coin to under a penny Terra founder […]

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FTX CEO Sam Bankman-Fried: Bitcoin ‘Not a Payments Network’

Sam Bankman-Fried, CEO of the fast-growing crypto exchange FTX, said that Bitcoin isn’t a suitable payments network.  “The Bitcoin network is not a payments network and it is not a scaling network,” he told the Financial Times on Monday.  Bankman-Fried qualified these statements by pointing to the network’s proof-of-work (PoW) consensus algorithm, which validates Bitcoin transactions.  In a PoW-based network, computers run non-stop to verify

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Crypto investors panic during market bloodbath: ‘I will lose my home’ 

Crypto investors panicked on Thursday as bitcoin plummeted to its lowest price in more than a year and other cryptocurrencies endured even worse sell-offs.  Victims of the bloodbath — which comes amid a broader stock market rout — range from the billionaire crypto titans who run leading marketplaces such as Coinbase and Binance to lowly retail investors

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Conspiracy Theories Abound as Terra Tries to Save UST

TerraUSD (UST), an algorithmic stablecoin hosted by the Terra network and created by South Korea’s Terraform Labs, has once again lost its dollar peg after a wave of sell-offs hit the crypto market. The stablecoin, which is supposed to maintain a value of USD 1 by creating and destroying supply through a swap with Terra’s governance and staking

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Ethereum Has Overtaken Bitcoin In Around 26% Of The Countries

According to the study put forward by CoinText on the popularity of cryptocurrencies throughout the world, it has been understood that Ethereum investors outnumber Bitcoin investors in around 26% of the countries. This does provide quite a refreshing insight into this whole flipping debate while highlighting several new beliefs that concern cryptocurrencies on a global scale. When

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Bank of Spain Governor Calls for Crypto Surveillance

Governor of the Bank of Spain Pablo Hernandez de Cos has called for more intense surveillance of the crypto industry.  In doing so, the governor laid out a series of risks he perceives to be present in today’s crypto industry. The first—and seemingly biggest—risk is the “limited understanding that exists about [cryptocurrency] characteristics on the part of

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Bitcoin, Binance Coin, Polkadot, and Cosmos ATOM Daily Price Analyses – 21 February Roundup

The global crypto market continues to recede, losing 5.79% in 24 hours. Bitcoin is going through a continuous plight of losses as it shed 4.85% in 24 hours. Binance coin is no different in losses as it recedes 8.47% in the past 24 hours. Polkadot and Cosmos are both going bearish, losing 6.91% and 10.82%,

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