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Crypto News

DeFi Value on Terra Surges to Record $21B as LUNA Tops $100

LUNA, the native token of decentralized payments network Terra, bumped to over $100 in European hours on Friday to lead a ‘Santa rally’ in crypto markets. Traders took advance of Thursday’s 10% decline to $85 to bring LUNA back to its previous high of $96 in early Asian hours. Then an announcement by crypto exchange […]

Crypto News

Digital Asset Funds Hit by Record $142M of Outflows

Following a 17-week run of inflows, outflows from cryptocurrency funds totaled $142 million during the seven days through Dec. 17, according to CoinShares, a digital-asset manager that compiles the industry data. The largest previous outflow on record was in early June, when net redemptions surged to $97 million.

Crypto News

Hive Blockchain Posts Record Revenue in Q2 on Higher Crypto Prices

Canadian crypto miner Hive Blockchain reported record revenue of $52.6 million in its fiscal second quarter, up 305% from the same period last year, according to a statement. The company said the increase in revenue was mainly due to a rise in cryptocurrency prices, the increased production of Bitcoin as a result of its purchase […]

Crypto News

First Mover Asia: Bitcoin Declines After Reaching a Record High; Ether Also Drops

Good morning, Here’s what’s happening this morning: Market moves: Bitcoin soared past $69K before dropping below $65K. Technician’s take: Intraday charts are showing initial signs of upside exhaustion. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $64,626 Ether (ETH): $4,613 Market moves Bitcoin faced […]