<!-- --> Despite what the name implies, many stablecoins haven’t proven to be very stable in recent years. The ramifications of...

Data management platform Demyst and global identity verification solution provider Ekata invite you to partake in an intimate and interactive webinar this February 9th...

Share some Bitpinas love:Subscribe to our newsletter!Editing by Nathaniel CajudayWei Zhou, the CEO of digital wallet provider and crypto exchange platform Coins.ph, expressed his...

Once deployed, a lot of smart contracts cannot be easily changed. So, it would be wise to take a close look at potential weaknesses,...

The crypto market is no stranger to volatility. In the past year, we’ve seen prices skyrocket and then come crashing down. While this can be...

<!-- --> The demise of FTX has caused many to question the safety of other centralised exchanges. In this review we...

<!-- --> The demise of FTX has caused many to question the safety of other centralised exchanges. In this review we...

Open Banking's global promise of data democratisation is in danger of faltering in Australia if policy-makers fail to address the needs of businesses.  However...

Breaking news! The US Internal Revenue Service (IRS) increased annual contribution limits for Individual Retirement Accounts (IRAs). Americans can now save even more for the future with digital assets in a crypto IRA. Cost-of-living Adjustments Thanks to cost-of‑living increases, you may be able to put more funds aside for your golden years. Starting in 2023, […]

The post 2023 IRA Contribution Limits Increase appeared first on Bitcoin IRA | Official Bitcoin Retirement Account Investment.

Many of the failings we see in society today are a result of the values of fiat money being absorbed.

A year and a half ago Netflix released The Social Dilemma, a docu-drama that dug into the harmful consequences of social media. Think political polarization, the spread of misinformation, and upticks in anxiety and depression across multiple demographics. Tristan Harris, a former Google design ethicist and co-founder of the Center for Humane Technology, is a […]

LUNA is a blockchain used for launching algorithmic stable coins and is now among the top DeFi platforms when it comes to total value locked up in circulation. LUNA has been trending higher over the last few days, but it gained even more momentum over the previous 48 hours. By closing 40% greater, LUNA was among this past week’s biggest gainers. Related Reading | Bitcoin Surges to $40,000 After Breaking Key Resistance The news that Luna Foundation Guard (LFG) created a Bitcoin-denominated reserve has caused markets to react positively. This will act as an extra layer of stability and security for Terra USD, which is currently struggling with sharp fluctuations in prices due to its low liquidity status on exchanges. LFG has announced that it will be investing $1 billion towards building up its Bitcoin reserves. The best part about this news? All of LFs’ coins are locked for 4-years, which means they won’t be able to trade until after those periods. This increases investor confidence across multiple platforms, including LUNA, with demand rising accordingly. Because investors look for safe-haven assets during these uncertain times. The recent move by the US Treasury to create a Bitcoin reserve is being met with rave reviews from analysts and experts. As a result, this new development should lower price fluctuations for UST. The Mechanism  UST is a stablecoin fixed to the US dollar via an algorithm. Unlike other centralized cryptocurrencies, it isn’t backed by anything but Luuna (the company behind them). If prices fall off their peg and go lower than $1 per token, UST can be swapped for LUNA (which is minted). And can be sold for $1, providing arbitrage gains for investors. The opposite happens when demand increases; burning more luna means higher prices because there’ll be less overall supply coming into circulation. Terra’s introduction of a Bitcoin reserve could be seen as the next important step in reducing volatility within its ecosystem. This is because it reduces the correlation between UST and bitcoin.  This means that if traders want to swap out their coins for different assets, they will have plenty available with this new addition. Is It Worth Buying LUNA Now? LUNA’s price has been on an upward trend recently, and it was trading at $74.34 on February 26th, 2022. The coin increased13% in 24 hours. Related Reading | Cryptocurrency Prices Soar On Possibility Of Russia-Ukraine Talks LUNA is currently trading just below the $77.17 weekly support level, with a strong uptrend since February 24th. So keep an eye on this one – it might be time to buy more shares before they climb higher in future updates. If you’re looking to invest in crypto, buying volumes increase, and Luuna is a good bet. The altcoin has been pushing through recent resistance levels with ease. In fact, it could test prices above $90 before the end of February. With LUNA currently trading in a strong uptrend, the crypto is not too late to turn bearish. If this happens, investors should look out below $65 as support, which could signal an upcoming downtrend may be near. Featured image from Flickr, Chart from TradingView.com