Is Solana a ‘buy’ with SOL price at 10-month lows and down 85% from its peak?

Is Solana a ‘buy’ with SOL price at 10-month lows and down 85% from its peak?

Solana’s (SOL) price dropped on June 3, bringing its net paper losses down to 85% seven months after topping out above $260. SOL price fell by more than 6.5% intraday to $35.68, after failing to rebound with conviction from 10-month lows.  Now sitting on a historically significant support level, the…

Bitcoin long-term hodlers begin ‘distribution’ which preceded BTC price bottoms

Bitcoin long-term hodlers begin ‘distribution’ which preceded BTC price bottoms

Bitcoin (BTC) stayed wedged in a tight range on June 4 as traders’ demands for a new macro low persisted. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Long-term holders begin ‘distribution’ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stuck between $29,000 and $30,000 into the weekend. The pair had…

Is education the key to curbing the rise of scammy, high APY projects?

Is education the key to curbing the rise of scammy, high APY projects?

Most people who have dealt with cryptocurrencies in any capacity over the last couple of years are well aware that there are many projects out there offering eye-popping annual percentage yields (APY) these days.  In fact, many decentralized finance (DeFi) protocols that have been built using the proof-of-stake (PoS) consensus…

South Korea ramps up crypto investigations and regulations

South Korea ramps up crypto investigations and regulations

On Friday, June 3, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC), both of which are government institutions. As reported by local news outlet Money…

Brazilian central banker describes how CBDC system can halt bank runs

Brazilian central banker describes how CBDC system can halt bank runs

In a paper recently published by the Bank for International Settlements (BIS), Fabio Araujo, an economist at the Central Bank of Brazil (CBB) who’s also responsible for the country’s central bank digital currency work, revealed that the monetary authority will have greater control over the population’s money once its CBDC…