The Terra blockchain was halted for the second time in 12 hours on Friday, as developers seek more time to come up with a recovery plan.
One of the United Arab Emirates (UAE)’s leading airlines, Emirates Airline, said it has plans to add “bitcoin as a payment service.” The airline is planning to recruit personnel to create applications that monitor client needs.
LUNA price analysis for May 13, 2022, comes on a bearish note for the token and it seems that the chances of recovery for the token are next to nil. As per the official Twitter handle of the platform, the blockchain has been halted to prevent further transactions and the volatility of the token continues to increase. Once ranked among the top 10 cryptos in the market, it is now ranked 230. As noted in our LUNA price analysis for May 12, 2022, the token tried to retain prices above $1 but failed to do so, and in the last 24 hours, the token crashed by more than 99%.
Commissioner Hester Peirce — also known as the Securities and Exchange Commission’s (SECs) “crypto mom” — has backed a regulatory framework for stablecoins that allows "room for there to be failure."
Axie Infinity’s price is shattering the support levels as it falls off a cliff. This massive downswing is a result of two reasons – the market condition and a top reversal pattern formed over the course of eight months.
Bitcoin price analysis for May 13, 2022, comes on a bullish note for the world’s biggest cryptocurrency with a 7% price surge in the last 24 hours. Furthermore, we have noted in our BTC price analysis for May 12, 2022, that the market was in “Extreme Fear” and investors might be seeing BTC below $20K in the near future. However, the bulls were back in action and as a result, BTC surged past $30K, aiming to break into an uptrend. It is to be noted that a major resistance for the coin is around the $30K-$33K price zone.
One of the world’s largest cryptocurrency exchanges Binance has recently decided that it will move ahead with the decision of deleting Terra’s native crypto LUNA and the UST stablecoin. The announcement reads:
Ruja Ignatova, mastermind of the notorious pyramid Onecoin, is now one of Europe’s most wanted fugitives. Also known as the “Crypto Queen,” she disappeared almost five years ago, after the Ponzi scheme she led collected billions of dollars from defrauded investors around the world.