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Terra Luna Classic price (LUNC) has recorded massive declines since September 2022, losing almost 80% to date. The steady decline is attributed to investors losing faith in the project, as the case concerning Terra Labs co-founder Do Kwon dragged. Besides Terra Luna Classic price, the entire crypto industry also suffered as the implosion kick-started the 2022 bear market, whose consequences continued to stain the market almost a year after. After the collapse of the Terra ecosystem in May 2022, market players developed trust issues against the network, and the aftermath of the lost trust continues to affect LUNC. During the incident, the network’s UST algorithmic stablecoin token depegged from its 1:1 value to the US dollar. The move sparked hyperinflation in the LUNC token, which had served as collateral for it. Notably, Terra Luna Classic once traded with triple digits but has since reduced to three zeros before the decimal point. Indeed, the LUNC/USDT pair is now trading arou...

The Internal Revenue Service (IRS) is planning to send investigators to four countries where they are expected to tackle the use of crypto and decentralized finance products in global financial and tax crimes. According to the tax collector’s spokesperson, the IRS will be able to determine the success of the pilot program by rating the investigators’ “ability to work cooperatively” with global law enforcement bodies. IRS to Help Foreign Law Enforcement Agencies The United States Internal Revenue Service (IRS) is set to send four agents specializing in cyber and crypto crime to Australia, Colombia, Germany, and Singapore, a Techcrunch report has said. According to the report, the four agents’ secondment is part of the revenue collection body’s pilot program that will run between June and September 2023. Carissa Cutrell, an IRS spokesperson, is quoted in the report stating that the four agents’ mission is “to help combat the use of cryptocurrency, decentra...

Join Our Telegram channel to stay up to date on breaking news coverage The non-fungible token market continues thriving despite the recent general crypto market resistance, negative sentiments and intense regulatory pressure. NFT sales jumped 8.5% this week, recording $180 million in the past seven days. NFT Sales Sharply Spike This Week, Raising 8.5% According to Crypto Slam, the non-fungible token trading sales volume pumped sharply this week, surging 8.5% in the past seven days. Data Analysis shows that NFT trading sales volume rose to over $181 million this week.   NFT Sales: Cryptoslam.io Ethereum-based NFTs took the lion’s share, amassing $126 million. Solana NFTs emerged second, recording a sales volume of $19 million, while Polygon, an Ethereum scaling solution, attracted $15 million. The remaining share out of the $180 million raised was shared among NFTs on other networks. During this period, NFTs sales on Ethereum, the second-seeded blockchain networ...

Join Our Telegram channel to stay up to date on breaking news coverage The 1inch price prediction shows that 1INCH is facing the upside as the coin moves to break above the upper boundary of the channel. 1inch Prediction Statistics Data: 1inch price now – $0.51 1inch market cap – $417.5 million 1inch circulating supply – 815 million 1inch total supply – 1.5 billion 1inch Coinmarketcap ranking – #95 1INCH/USD Market Key Levels: Resistance levels: $0.65, $0.70, $0.75 Support levels: $0.40, $0.35, $0.30 1INCHUSD – Daily Chart 1INCH/USD is moving to cross above the 9-day and 21-day moving averages to begin the bullish movement. According to the daily chart, the 1inch price is likely to shoot to the upside while the technical indicator Relative Strength Index (14) remains below the 50-level. However, the market is projecting a volatile movement where the 1inch price may continue to follow the sideways movement. 1inch Price Predicti...

Join Our Telegram channel to stay up to date on breaking news coverage Januar, a Danish startup established in the year 2021 by ex-Chainalysis employees, has recently achieved a significant milestone by obtaining a Payment Institution License from the Danish Financial Supervisory Authority (DFSA). Januar’s Payment Institution License Paves the Way for Crypto Businesses in Europe The license represents a remarkable achievement for the company as it enables Januar to operate in 30 markets within the European Economic Area. Previously, the company had been operating under a limited license, only catering to Danish businesses. Januar can now offer International Bank Account Number (IBAN) business accounts to crypto-related enterprises, providing them with access to compliant fiat banking services such as payment and settlement solutions. These services could be challenging for crypto companies to acquire otherwise, making Januar’s services an attractive proposition f...

The Ethereum-killer, Solana (SOL), has experienced flat trading activity at the start of today’s trading session. This is after SOL’s price, like the prices of many other cryptos in the market, experienced a sharp drop over the last 24 hours. 4-hour chart for SOL/USDT (Source: TradingView) SOL’s price is currently trading in a tight consolidation channel between $22.50 and $22.98 on its 4-hour chart. The altcoin’s price may continue to consolidate in this range for the next 24 hours before receiving a significant price pump in the next 48 hours. Should SOL’s price close a 4-hour cycle above $22.98 within the next 24 hours, then the next upside target for the altcoin will be around $23.97. SOL’s price does, however, have to overcome the 9 EMA line on its 4-hour chart, which is currently acting as resistance, before traders and investors can confidently go long on the altcoin. This bullish thesis will be invalidated if SOL’s price closes below $22.50 within the next 24...

Crypto influencer Ben Armstrong, known on Twitter as Bitboy Crypto, has recently retweeted a troll video created by The Dev, another popular crypto personality, on Gary Gensler, the infamous Chairperson of the U.S. Securities and Exchange Commission (SEC). OMG this is hilarious. The Dev for the win https://t.co/aVl9af9GNW — Ben Armstrong (@Bitboy_Crypto) April 19, 2023 In the video, an actor is seen mockingly impersonating Gensler while he makes regulatory rules on the tokens. The video satirically points out that Gensler heads out to make regulatory rules on securities and tokens according to his whims and fancy. Armstrong explicitly celebrates this video, as he says, “OMG this is hilarious. The Dev for the win.” The lashing out from the crypto community was in response to the stance, or lack thereof, taken by Gensler in the recent Oversight Hearing. Gensler had appeared, on Tuesday, in front of the House Financial Services Committee to provide regulatory cl...

Join Our Telegram channel to stay up to date on breaking news coverage Kyber Network , the developer of KyberSwap Elastic, has announced that there is a potential vulnerability in the exchange’s contracts. As a result, Kyber Network has advised all liquidity providers to remove their funds from the platform as soon as possible. We have identified a potential vulnerability, and as a precaution, we strongly advise all liquidity providers to withdraw your funds on Elastic as soon as possible,” the statement on Twitter reads. 1/2 Attention KyberSwap Elastic Liquidity Providers: We have identified a potential vulnerability, and as a precaution we strongly advise all Liquidity Providers to withdraw your funds on Elastic as soon as possible. Investigations are ongoing and no user funds are lost. — Kyber Network (@KyberNetwork) April 17, 2023 No Funds Were Lost According to the Kyber Network, investigations are ongoing, and the network stated that no funds were ...

Crypto analyst and YouTuber Crypto Rover uploaded his newest video today, and in it shared some of his concerns for the crypto market leader, Bitcoin (BTC). Crypto Rover pointed out that BTC fell below an important support at around $29.8k yesterday, turning it into a resistance, before falling even lower to test the next support at $29.1k. Bitcoin / Tether US 1h (Source: TradingView) Since then, the price of the crypto was able to somewhat recover and is now looking to test the new resistance at $29.8k. Crypto Rover believes that BTC’s price could go either way from here, but a break above this resistance level could see the BTC price climb a bit more. On the other hand, if the BTC price gets rejected at this level, it could lead to a price drop. Bitcoin / US Dollar 4-hour chart (Source: TradingView) The analyst also took a closer look at BTC’s 4-hour chart where he explains that the next resistance for BTC lies around $28.8k. He also believes that it is likely for t...

A fresh report from Glassnode suggests that Bitcoin has built a solid foundation below the $30,000 level. Glassnode's latest analysis suggests that Bitcoin has built a strong foundation below the $30,000 level, and the current supply structure shows similarities to early 2016 and early 2019. The report shows that the Long-Term Holder (LTH) supply is just shy of a new all-time high with a total supply balance of 14.161 million BTC. In contrast, short-term holders (STH), who acquired coins after FTX failed, have seen their supply balance of 2.914 million BTC remain relatively constant in 2023. Long-term holders are unfazed despite major downturns By April 12, 155 days had passed since the FTX exchange collapsed on Nov. 8, 2022. The 155-day mark is crucial because it is the minimum length of time that a Bitcoin holder must have held their coins to be classified as a long-term holder (LTH). Thus, the supply distribution can be divided into two halves, first, before FTX’s collapse to r...

Coinbase CEO Brian Armstrong recently commented on the usability of cryptocurrencies. He retweeted a thread from a Twitter user and Goldfinch CEO Blake West, in which he talks about his frustration with people who say that cryptocurrencies don’t have many uses. Good point. There is actually quite a lot of usage beyond speculation also. And getting 2-300m people who’ve tried crypto in a decade is really good. If this growth rate continues, will be 2-3b in 10 years, roughly similar to internet adoption. Key unlocks will be scalability… https://t.co/6g6NMTrWeu — Brian Armstrong (@brian_armstrong) April 17, 2023 Armstrong stated that cryptocurrencies have a lot of usage beyond speculation as well. He also stated that getting 2–300 million people to try cryptocurrencies is really good. Adding to this, it was mentioned that if the growth rate continues, there will be 2 to 3 billion people in ten years. Armstrong also compared it to the adoption of the Internet. ...

The NEO price prediction shows that NEO is attempting to cross above the upper boundary of the channel to increase the bullish movement. NEO Price Statistics Data: NEO price now – $13.7 NEO market cap – $973.4 million NEO circulating supply – 70.5 million NEO total supply – 100 million NEO Coinmarketcap ranking – #58 NEO/USD Market Key Levels: Resistance levels: $17.0, $19.0, $21.0 Support levels: $10.0, $8.0, $6.0 NEOUSD – Daily Chart NEO/USD touches the daily high at $14.2, after which the coin retreats to trade at $13.7. Meanwhile, for the price not to touch the resistance level of $15 may ruin the long-term technical picture of the coin. However, the NEO price will have to stay above the 9-day and 21-day moving averages in other to guide against the downward pressure while the closest support expects the coin at $12.0, which could be a daily low. NEO Price Prediction: NEO Likely to Hit $15 High The NEO price may continue to trend t...