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Join Our Telegram channel to stay up to date on breaking news coverage Terra Luna Classic’s price took a drop of 28% after an optimistic upwards rally a few days back. Investors now share a concern for the coin’s future, supported by conservative predictions. While some believe the coin will make a comeback in the year to follow.   Will Terra Luna Classic Make a Comeback in 2023? Terra Lula Classic has been struggling since its collapse and the team behind the project is doing everything in their power to get the token back to its previous glory. While the previous price values are impossible, the current target for the team is to get the token past $1.   In an attempt to achieve this target, the company behind the project has resorted to multiple solutions, including partnering with Binance to help reduce the circulating supply of the token. The exchange has a LUNC burn program where it was burning 100% of the spot and margin fees until Wednesday, recent...

Join Our Telegram channel to stay up to date on breaking news coverage Lowest Prop Firm Challenge Prices Smart Prop Trader has the lowest prices for challenges in the prop firm industry.  The Smart Prop Trader $10,000 trading challenge is $75 and has 0 minimum trading days.  There is a maximum loss of $400 for this challenge in phase 1 and phase 2.  The largest Smart Prop Trader challenge which is their $200,000 challenge costs $875 which is incredibly reasonable compared to other prop firms. Best Spreads and Commission Payouts The spreads and commission payouts are better than most prop firms.  Once you’re a fully funded Smart Prop Trader, then you can qualify for a 90% profit split with an account scaling up to $2.5 million. During verification, the profit target is slashed in half which allowed traders a good opportunity to outperform other traders.  Also, Smart Prop Trader allows funded accounts to trade during the news, but they urge that it should be done with ca...

The U.S dollar-Argentine peso exchange rate escalated during December, with the Argentine fiat currency reaching new historic lows as citizens ran to exchange their holiday payments for dollars. The U.S. dollar reached a value of 356 pesos on December 28, losing almost 10% during just one week, and threatening to spur a more significant inflationary jump. Argentine Peso Sinks to Lowest Level in History Argentina, one of the countries in Latam with active exchange control for foreign currencies, is facing difficulties maintaining the value of its fiat currency. The exchange between U.S. dollars and Argentine pesos reached historic levels, with the peso sinking to its lowest level ever on Dec. 28. The dollar reached a price of 356 pesos in its parallel cash denomination, also called “blue,” having closed November with a value of 314 pesos per U.S. dollar. The Argentine peso plummet accelerated last week when it lost more than 10% of its value. Since the start of 2022, the A...

China emerged as one of the first nations to embrace the industry. This was during a time the majority of the world’s population knew very little about the crypto-verse. Now that every country seems to be moving into the sector, China has made the decision to outright ban all things cryptocurrency.  The nation evidently smashed notable Bitcoin mining giants and passed a broad ban on the sector. However, the country had mixed feelings regarding the metaverse and NFTs. Recently, the Zhejiang Province of China announced its plans to construct a metaverse industry. It was estimated to be worth more than $28.7 billion by 2025. As per the latest report from a local media publication, China is set to launch its first regulated NFT platform on January 1, 2023. JUST IN: 🇨🇳 China is set to launch its first regulated #NFT platform on January 1, 2023. — Watcher.Guru (@WatcherGuru) December 28, 2022 China is diving into the NFT realm According t...

Venezuelan Banks have started eyeing the accounts of customers with ties to cryptocurrency trading, principally related to peer-to-peer (P2P) transaction activity. According to Legalrocks, a crypto and blockchain-focused legal firm in Venezuela, more than 75 accounts have been blocked by Venezuelan private banks for facilitating crypto-to-fiat and fiat-to-crypto conversions since the end of 2021. Venezuelan Banks Suspend Crypto-Related Accounts Venezuelan banks are ramping up vigilance on accounts that commonly are related to crypto currency transactions. According to a blog post published by Legalrocks, a Venezuelan law firm focused on crypto currency and blockchain, more than 75 cases of accounts that have been suspended or are under investigation have been registered since the end of 2021. Ana Ojeda, CEO of Legalrocks, states that using these accounts to receive fiat currency for a sale or exchange for crypto currency should not be considered a valid reason for blocking them....

A Cointelegraph Markets Pro score-based trading strategy reaped a 176% return in 2022 while Bitcoin plummeted 70%. The word volatility is typically received as a negative by financial circles just the same way the name Lionel Messi is received in Brazilian favelas, yet volatility historically presents some of the greatest opportunities for gains, especially in the crypto markets.  The crypto market experiences much greater price oscillations on average when compared to traditional markets, such as equities, bonds and Treasury bills. In 2021, the benefits of volatility were on full display: Market proxies like the S&P 500 exchange-traded fund trust (SPY) climbed 27%, while Bitcoin (BTC) rose a whopping 140%! Of course, the story is darker in 2022, but veteran Bitcoin investors did not find Bitcoin’s unceremonious drop from its high to be a surprise; in fact, crypto winters have historically seen Bitcoin’s value drop by over 60% at least three different times in the past, before ri...

Like most crypto projects this year, non-fungible tokens (NFTs) felt the pain of 2022’s crypto winter as sales are down a great deal and blue-chip NFTs have been slashed in value. For instance, last month, there was roughly $534 million in NFT sales compared to the $2.77 billion in NFT sales sold in Dec. 2021. The NFT Industry Takes a Hit in 2022 — Sales and Google Searches Down Significantly 2022 hasn’t been kind to non-fungible token (NFT) holders, and statistics show that interest in the subject has dropped a great deal this year. Google Trends (GT) data shows that the search term “NFT” had a score of around 52 during the week of Dec. 26, 2021 – Jan. 1, 2022. The term also skyrocketed to the highest score of 100 on Jan. 16 – Jan. 22, 2022. Google Trends search data for the term “NFT” on Dec. 25, 2022. Today, however, for the week of Dec. 18 – Dec. 24, 2022, the search term “NFT” has a score of aro...

HNS aims to provide a decentralized alternative to the traditional domain name system (DNS) — here’s how. A particular topic of interest in the blockchain space is the emergence of blockchain-related projects in the domain name system (DNS) and domain ecosystem. Handshake, in particular, has been gaining attention among decentralized technology enthusiasts for its potential to revolutionize how people think about and interact with domains, especially in the context of Web3. What is a handshake (HNS) domain? Handshake (HNS) is a decentralized, permissionless naming protocol that allows for peer-to-peer communication and provides an accessible alternative to centrally managed domain names, such as .com, country-code domains and other generic domains. As a decentralized peer-to-peer domain naming protocol, Handshake aims to serve as a DNS chain alternative to the current default root chain. Also, the creation of top-level domains (TLDs) such as .agency, .gov, .edu and the like are curren...

Caroline Ellison, former CEO of Alameda Research (Twitter/@carolinecapital) Former Alameda Research CEO Caroline Ellison has agreed to plead guilty to seven offenses, which include charges of wire fraud, securities fraud, and money laundering. Meanwhile, the CFTC has claimed that she "gambled Alameda customer money." The 28-year-old Newton native, who is also Bankman-Fried's ex-girlfriend, was accused of seven counts. Two counts charged her with committing wire fraud on customers of FTX and engaging and conspiring to do so. Another two accused her of committing wire fraud on the lenders of Alameda Research and conspiring to do so.  Count five charged her with conspiracy to commit commodities fraud, and count six alleged conspiracy to commit securities fraud on FTX’s equity investors. The seventh count accused her of conspiring to commit money laundering. According to a newly unsealed agreement with prosecutors, Ellison has agreed to plead guilty ...

Dogecoin (DOGE), the original memecoin, witnessed a 5.4% gain in the 24-hour charts. The popular canine-themed crypto slumped over the last few weeks. Before reaching a peak of $0.10 on December 5, DOGE was trading at about $0.08 on November 23. However, it is undergoing correction at press time. Source: Coingecko Moreover, Elon Musk’s announcement that he will step down as Twitter’s boss had additional effects on Dogecoin . Many were worried that the plan to incorporate DOGE into Twitter was off the table with Musk’s exit. However, there is no official word on this front. Why is Dogecoin rallying? DOGE’s latest 5.4% gain comes hot on the heels of a new exchange listing. Yesterday, the popular crypto exchange Bitstamp announced that its had listed the popular memecoin. New listings usually mean more investors have access to the token. The rally could be a reaction to Bitstamp’s inclusion of DOGE. We’ve listed $DOGE ( Dogecoin ) for our ...

After close to two years, following the U.S. federal government accusing the Crypto Six of unlicensed money transmission, the case is seemingly coming to an end. According to multiple reports, Keene resident and libertarian activist, Ian Freeman, the last member of the Crypto Six case to be tried, was found guilty on all counts which included unlicensed money transmission, money laundering, and tax evasion. Freeman faces eight years in prison but he was not taken into custody on Thursday afternoon (ET). Reports detail that he must appear for sentencing on April 14, 2023, or appeal the verdict. Ian Freeman Found Guilty of Unlicensed Money Transmission, Sentencing Hearing Scheduled for April 2023 During the first week of Dec. 2022, Bitcoin.com News reported on the Crypto Six case and how the co-host of the radio broadcast Free Talk Live, Ian Freeman, was preparing to head to trial. Freeman was the only defendant left that remained in the Crypto Six case, as he decided to take the issue...

With every passing day, new revelations with respect to FTX and its past are being made. A few hours back, Bloomberg reported that the bankrupt crypto exchange used its native token FTT to pay for its Blockfolio takeover deal. Citing financial statements obtained and documents reviewed, Bloomberg revealed, “FTX paid roughly $84 million in 2020 to take a majority stake in Blockfolio, in what was then among the largest crypto acquisitions. About 94% was paid in FTT tokens, a cryptocurrency that FTX created.” The report also chalked out that at the time the Blockfolio deal was announced, news outlets reported FTX financed it with a mix of cash, crypto, and equity, without giving further details. The agreement gave FTX a 52% equity stake in Blockfolio and valued the company at almost $160 million. The financial statements also showed that there was an option to buy the rest within two years. FTX , the bankrupt cryptocurrency exchange, used a token it invented to fun...

Join Our Telegram channel to stay up to date on breaking news coverage In a gaming arcade, you must first exchange your cash for arcade tokens in order to use the games featured inside the arcade. Within the arcade’s small-scale economy, these tokens serve as the equivalent of dollars. You may be able to sell your tokens back for real money at the end of your visit to the arcade’s fantastical world. The cryptocurrency counterpart of an arcade token is a stablecoin. The stablecoin issuer essentially accepts one unit of money in exchange for a blockchain entry with the same value. In other words, $1 is equal to $1 $USDC or $1 $USDT. Then, entities can carry out more trades, loans, transfers, and other transactions using these dollar equivalents to buy other cryptocurrencies directly on the blockchain. The stablecoin issuer gets to keep the actual dollars and get any interest generated on these assets in return for establishing a dollar equivalent that can be used on t...