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‘I alone am responsible,’ says CEO Do Kwon in first interview since collapse

The CEO of Terra has come out to take responsibility for the project’s crash earlier this year. Do Kwon, the founder of Terra, has given his first interview since the project crashed in May 2022, leading to the loss of billions of dollars from the cryptocurrency market. He assumed responsibility for the crash, adding that he didn’t think of what...

Bitrue introduces ETH PoW token ahead of Merge upgrade

Bitrue, the leading cryptocurrency exchange based in Singapore, is providing its users with an Ethereum Proof of Work token in advance of the Merge upgrade, where Ethereum will become a Proof of Stake blockchain, Coin Journal learned from an exclusive press release. Users who hold ether can claim and trade the token for free. Supporting two parallel...

Crypto exchange Binance obtains preliminary approval to operate in Kazakhstan

Binance, the world’s leading cryptocurrency exchange, has won another battle in its quest for global dominance.  The cryptocurrency exchange announced via a blog post on Monday, August 15th, that it had s received in-principle approval from the Astana Financial Services Authority (AFSA) to operate a digital asset trading facility and provide custody...

Crypto Kaleo says ‘a bit lower’ before new highs makes sense for Bitcoin

Crypto Kaleo does not think there will be a capitulation to beneath $20K or below for Bitcoin. However, he sees BTC retesting support levels below current prices before making new highs. According to the analyst, despite the bears, it’s possible for new momentum to take BTC/USD to above $28,000. Bitcoin could drop below $24,000 and retest support...

Compound protocol token maintains uptrend despite sluggish gains

Compound protocol plays a role in DeFi through crypto lending. The protocol runs on the Ethereum blockchain. COMP has been gaining slowly after breaking above a key resistance at $55. Since breaking above the $55 resistance last month, Compound COMP/USD has negligible gains. The cryptocurrency trades at $61.7, slightly above the support....

Cardano’s ADA sets $0.655 the next in sight as breakout looks sustainable

The journey to the Vasil upgrade remains on course after the launch of the 1.35.3 node version. The Vasil upgrade is expected to improve the scalability of Cardano. Cardano token broke above key resistance at $0.52 as investors waited for the upgrade. Cardano ADA/USD is a cryptocurrency to watch this week. It could be a matter of when...

Is Dogecoin to $0.1 a possibility after a meme-inspired rally?

Dogecoin rallied over the weekend as risk-on sentiment develops Libdogecoin project expected to allow building new DOGE apps DOGE is cooling down after the latest gains. Meme tokens are late comers in the latest crypto recoveries. Despite remaining subdued by the $0.7 resistance since June, Dogecoin DOGE/USD has now broken out. The cryptocurrency...

ATOM is locked in an ascending triangle. Is a breakout imminent?

Cosmos has recorded a 32% jump in daily trading volumes ATOM/USD is trapped in an ascending triangle Technical indicators are bullish Altcoins, cryptocurrencies alternative to Bitcoin, are currently on a summer relief. The recovery has driven the overall market cap to $1.15 trillion. One platform that has recorded significant trading...

Animoca Brands and Lympo partner with Play Magnus Group on chess-inspired blockchain game “Anichess”

Tallinn, Estonia, 15th August, 2022, Chainwire Animoca Brands and its subsidiary Lympo, a leading global sports NFT ecosystem, announced today that they are developing Anichess in partnership with Play Magnus Group (PMG), a global leader in the chess industry that offers entertainment and e-learning services via its chess market brands. Anichess is...

Infinity Skies rallies 200% on Monday: here’s why

The broader cryptocurrency market has underperformed over the last 24 hours, but Infinity Skies has rallied by more than 200% during that period. ISKY, the native coin of the Infinity Skies ecosystem, is up by 200% in the last 24 hours. Thus, making it one of the best-performing cryptocurrencies in the entire crypto market. By contrast, Bitcoin is...

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