Blockchain Archives - Page 5 of 28

Terraform Labs Faces SEC Setback as Judge Rules Luna and MIR Tokens as Securities

30Dec

By OLAJIDE SAMUELNo Comments

Blockchain

Terraform Labs Faces SEC Setback as Judge Rules Luna and MIR Tokens as Securities

In a significant development in the ongoing legal battle between Terraform Labs and the U.S. Securities and Exchange Commission (SEC), a pivotal ruling was delivered on December 28 by United States Federal Judge Jed Rakoff. The judge declared that tokens associated with Terraform Labs, including Luna and MIR, are to be classified as securities. This ruling marks a crucial turning point in the lawsuit initiated in February and is expected to have far-reaching implications for Terraform Labs and the involved cryptocurrencies. Read Also: Nigeria's Policy Shift Unleashes Potential for XRP Surge as Banks Reconnect with Crypto Exchanges https://twitter.com/LogllNews/status/1740608042041798966 Key Points from the Latest Ruling Securities Violation: Judge Jed Rakoff's summary judgment ...

Terra Classic Proposes To incinerate A Total of 8 Million USTC With The View To revive Community Pool

29Dec

By CryptolifedigitalNo Comments

Blockchain

Terra Classic Proposes To incinerate A Total of 8 Million USTC With The View To revive Community Pool

In a rollercoaster journey, the Terra Classic ecosystem's native tokens, LUNC and USTC, have recently faced both a crash and a subsequent rise, setting the stage for a contentious debate on the platform's future. At the centre of this debate is Proposal 11958, a controversial move calling for the incineration of 8 million USTC from the community pool to revive Terra Classic tokens, including LUNC and USTC. Supporters of the burn argue that shedding the excess 8 million USTC is crucial for achieving deflation and stability. They emphasize the substantial 3.49 billion LUNC already held in the community pool, deemed sufficient to cover operational costs. Proponents, led by vocal supporter VegasMorph, believe this action sends a powerful message about actively shaping the Terra Classic ecos...

Solana Faces Potential Correction Amidst Bullish and Bearish Signals

27Dec

By Onche Michael ONo Comments

Blockchain

Solana Faces Potential Correction Amidst Bullish and Bearish Signals

Solana (SOL), the cryptocurrency that recently secured the fourth spot in the market, is displaying indications of a potential price correction. While key indicators and a notable whale transfer to Binance suggest a downturn, conflicting signals from various metrics complicate the outlook for SOL. Bearish Signals: RSI Surge and Profit-Taking Transfer Solana's Relative Strength Index (RSI), a crucial measure of momentum and potentially overbought conditions has surged to 79 in the past 24 hours, signalling a potential price decline. Traditionally, an RSI above 60 indicates a risk of a downturn in price. This, coupled with a significant whale transfer of 199,999 SOL (approximately $23 million) to Binance, raises concerns of profit-taking, often a precursor to a price drop. https://twitt...

LUNC Community Votes Against 1.5% Burn Tax Proposal, Opting for Status Quo

25Dec

By OLAJIDE SAMUELNo Comments

Blockchain

LUNC Community Votes Against 1.5% Burn Tax Proposal, Opting for Status Quo

In a significant turn of events, the Terra Classic (LUNC) community has officially rejected the proposed implementation of a 1.5% burn tax. The decision comes after an active and engaged voting process within the community, reflecting the decentralized nature of governance in the Terra Classic ecosystem. Read Also: Solana (SOL) Surges Past $100, Claiming 4 Spot by Market Cap: Factors and Future Predictions https://twitter.com/TerraValidators/status/1739165002244719072 The proposal for a 1.5% burn tax has stirred considerable discussion within the LUNC community, sparking debates about its potential impact on the digital asset. The burn tax was envisioned as a mechanism to address circulating supply concerns and enhance the overall tokenomics of LUNC. Community Voting Results Aft...

Solana (SOL) Surges Past $100, Claiming 4 Spot by Market Cap: Factors and Future Predictions

25Dec

By Tolulope ZaccheausNo Comments

Blockchain

Solana (SOL) Surges Past $100, Claiming 4 Spot by Market Cap: Factors and Future Predictions

In a stunning display of strength, Solana (SOL) has emerged as a leading performer in the crypto market, breaking through resistance levels and soaring past the $100 mark. Over the past week alone, SOL witnessed an astounding 52.41% surge, catapulting it into the #4 position by market cap, surpassing Binance Coin and sparking discussions of a sustained bull run. Read Also: Genuine Labs Proposes Ambitious Revival Plan for Terra Classic (LUNC) and USTC, Community Overwhelmingly Supportive Rapid Rise and Recent Achievements In the last 24 hours, SOL experienced an additional 16.05% surge, confirming its breach of the $100 milestone on the evening of December 23. This achievement follows a recent analysis that accurately predicted a surge above $100, contributing to the growing excitement...

Solana’s Meteoric Rise: A Comprehensive Analysis and Future Price Predictions

24Dec

By OLAJIDE SAMUELNo Comments

Blockchain

Solana’s Meteoric Rise: A Comprehensive Analysis and Future Price Predictions

Solana, the blockchain platform known for its lightning-fast transactions, has witnessed an astounding rally of over 400 per cent in the last six months, currently hovering around the $100 price level. Unlike other cryptocurrencies experiencing a resurgence amid a recovering market, Solana's surge is distinctively driven by its underlying fundamentals. The recent surge in Solana's price has sparked speculation regarding its future trajectory, with questions arising about the sustainability of its growth and potential highs in the coming weeks, months, and even years. Notably, Solana's rally is attributed to a combination of factors, including a resilient cryptocurrency industry, marked by a 40 per cent increase in market capitalization. Read Also: FireToken Launches Presale, Promisin...

Solana (SOL) Surges to Fourth Place: A Rollercoaster Ride Towards New Heights

23Dec

By CryptolifedigitalNo Comments

Blockchain

Solana (SOL) Surges to Fourth Place: A Rollercoaster Ride Towards New Heights

In a dazzling display of resilience and market prowess, Solana (SOL) has soared to new heights, securing the coveted fourth spot in the top 100 cryptocurrencies by market cap. The SOL token's journey has been nothing short of exhilarating, marked by significant price movements that have captured the attention of crypto enthusiasts worldwide. Read Also: Ripple-SEC Lawsuit Update: Analyst Predicts Trial Delay, Highlights Regulatory Implications for XRP A Breakneck Climb: Trading Drama Unfolds SOL embarked on its upward trajectory with a period of trading oscillating between $54 and $60, setting the stage for what would become a thrilling series of events. The initial breakout saw the token surge, only to encounter resistance at $66. Undeterred, the bulls initiated a formidable 33% jump,...

Solana Trader Turns $92 Investment into $1.55 Million in 16 Days Amid Crypto Market Surges

22Dec

By OLAJIDE SAMUELNo Comments

Blockchain

Solana Trader Turns $92 Investment into $1.55 Million in 16 Days Amid Crypto Market Surges

As the crypto market anticipates the upcoming Bitcoin halving event, a remarkable surge has propelled the cumulative market cap beyond $1.64 trillion, reflecting a 0.33% increase over the last 24 hours. In this bullish momentum, a Solana (SOL) trader, known as Lookonchain (@lookonchain), has astounded the crypto community by transforming a $92 investment in Solana into an astonishing $1.55 million in just 16 days. Read Also: Solana (SOL) Sees Meteoric Rise, Approaching Potential Crossroads as Year Ends https://twitter.com/lookonchain/status/1737756969308729688 The trader initiated the journey on December 5 with 1.5 SOL, showcasing the rapid wealth creation potential within the crypto market. The process, meticulously detailed by Lookonchain, unfolded as the trader strategically in...

Solana (SOL) Sees Meteoric Rise, Approaching Potential Crossroads as Year Ends

22Dec

By OLAJIDE SAMUELNo Comments

Blockchain

Solana (SOL) Sees Meteoric Rise, Approaching Potential Crossroads as Year Ends

Solana (SOL) has experienced an astonishing surge in value, skyrocketing to a new yearly high of $86.80 today. As the crypto community eagerly watches this remarkable ascent, questions arise regarding the sustainability of this upward trajectory until the year-end or the possibility of encountering a local top. A closer look at technical indicators and market analysis sheds light on the current situation. Exponential Growth and Technical Breakouts Since the beginning of the year, SOL has undergone a staggering 750% increase, rebounding from a low of $9.68 on January 1. Notably, the cryptocurrency has overcome significant hurdles, breaking both long-term horizontal and diagonal resistance trend lines. July witnessed a pivotal moment as SOL breached a descending resistance trend lin...

NEAR Protocol (NEAR) Surges 20% Amidst Crypto Market Rally, Eyes Potential Return to August 2022 Levels

20Dec

By OLAJIDE SAMUELNo Comments

Blockchain

NEAR Protocol (NEAR) Surges 20% Amidst Crypto Market Rally, Eyes Potential Return to August 2022 Levels

In a day marked by significant developments in the crypto market, NEAR Protocol (NEAR) has emerged as one of the top-performing assets, experiencing a 20% surge to surpass $3.00. Alongside notable price movements in Bitcoin (BTC), Solana (SOL), Stacks (STX), and Injective (INJ), NEAR's latest rally is attributed to a substantial increase in unique addresses and a rising total value locked (TVL) within the NEAR ecosystem. Read Also: Terra Classic (LUNC) Community Rejects USTC Burn Proposal Amid Legal and Technical Concerns Driving Factors for NEAR's Surge Increased Unique Addresses: According to data from the NEAR block explorer, the recent upsurge in NEAR's price coincides with a sharp increase in the total count of unique addresses. This uptick in user activity suggests growing i...