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Bhushan Akolkar
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

Articles by Bhushan Akolkar
ethereum-token
Altcoin News
ethereum-token
Altcoin News

Ethereum Shorts Building Up, ETH Exchange Supply Rises

Amid the broader market crash, the world’s second-largest cryptocurrency Ethereum (ETH) has entered a major correction. After last week’s fall, the ETH price has been hovering around $2,000 levels. On-chain data provider Santiment provides us some glimpses into what could be the next price action for Ethereum (ETH). The data provider noted that on an

Bhushan Akolkar 10 hours ago

Amid the broader market crash, the world’s second-largest cryptocurrency Ethereum (ETH) has entered a major correction. After last week’s fall, the ETH price has been hovering around $2,000 levels. On-chain data provider Santiment provides us some glimpses into what could be the next price action for Ethereum (ETH). The data provider noted that on an

China
Bitcoin News
China
Bitcoin News

Bitcoin (BTC) Hits 3-Day Death Cross, More Bloodbath Coming?

The world’s largest cryptocurrency Bitcoin (BTC) witnessed a brutal crash last week along with the collapse of the Terra ecosystem. Since then, the Bitcoin price has been flirting around $30,000 but has failed to give a daily close above it. A major red sign on the technical charts is that Bitcoin has crossed a 3-day

Bhushan Akolkar 12 hours ago

The world’s largest cryptocurrency Bitcoin (BTC) witnessed a brutal crash last week along with the collapse of the Terra ecosystem. Since then, the Bitcoin price has been flirting around $30,000 but has failed to give a daily close above it. A major red sign on the technical charts is that Bitcoin has crossed a 3-day

FTX-CEO
Bitcoin News
FTX-CEO
Bitcoin News

FTX Chief Sam Bankman-Fried thinks Bitcoin Has No Future As A Payments System

Satoshi Nakamoto created Bitcoin (BTC) to serve as a decentralized alternative to the traditional financial system. But FTX CEO Sam Bankman-Fried recently said that he doesn’t see any future for Bitcoin as a payments network. Speaking to Financial Times, the FTX chief said that his thoughts rely on the Bitcoin network’s “inefficiency and high environmental

Bhushan Akolkar 1 day ago

Satoshi Nakamoto created Bitcoin (BTC) to serve as a decentralized alternative to the traditional financial system. But FTX CEO Sam Bankman-Fried recently said that he doesn’t see any future for Bitcoin as a payments network. Speaking to Financial Times, the FTX chief said that his thoughts rely on the Bitcoin network’s “inefficiency and high environmental

Altcoin News
Altcoin News

Polygon Team Working With Terra Projects to Help Them Swiftly Migrate to Polygon Network

The collapse of the Terra ecosystem over the last week has shaken the entire crypto market. Industry players are coming forward to lend an extending help to the community. On Sunday, May 15, Ryan Wyatt, CEO of Polygon Studios tweeted that it will help different Terra projects migrate to the Polygon blockchain network. He wrote:

Bhushan Akolkar 1 day ago

The collapse of the Terra ecosystem over the last week has shaken the entire crypto market. Industry players are coming forward to lend an extending help to the community. On Sunday, May 15, Ryan Wyatt, CEO of Polygon Studios tweeted that it will help different Terra projects migrate to the Polygon blockchain network. He wrote:

Zhao
Altcoin News
Zhao
Altcoin News

Binance CEO CZ Clears Air On Their Investment In Terra LUNA

The collapse of the Terra ecosystem has shaken the crypto market as the price of LUNA cryptocurrency falls to dust from once being the top-5 cryptocurrencies by market cap. However, amid all the ongoing drama, some rumors floated on Twitter that crypto exchange Binance was one of the big investors in the Terra LUNA ecosystem.

Bhushan Akolkar May 15, 2022

The collapse of the Terra ecosystem has shaken the crypto market as the price of LUNA cryptocurrency falls to dust from once being the top-5 cryptocurrencies by market cap. However, amid all the ongoing drama, some rumors floated on Twitter that crypto exchange Binance was one of the big investors in the Terra LUNA ecosystem.

Do-kwon-terra
Altcoin News
Do-kwon-terra
Altcoin News

Terra Founder Proposes Revival Plan But LUNA 2.0 Shall Be An Uphill Task, Here’s Why

Finally breaking his silence after the recent collapse of the Terra ecosystem, founder Do Kwon came up with a revival plan for the Terra blockchain network. Besides, the founder also said that they should deploy their Bitcoin reserve for the rescue plan. However, things will not be as easy for LUNA 2.0 and for Terra

Bhushan Akolkar May 14, 2022

Finally breaking his silence after the recent collapse of the Terra ecosystem, founder Do Kwon came up with a revival plan for the Terra blockchain network. Besides, the founder also said that they should deploy their Bitcoin reserve for the rescue plan. However, things will not be as easy for LUNA 2.0 and for Terra

Que-es-terra-luna2-1
Altcoin News
Que-es-terra-luna2-1
Altcoin News

VanEck and 21Shares Suspend Their Terra ETPs After Recent Collapse

After the recent collapse of the Terra ecosystem this week, VanEck and 21Shares have decided to suspend the creation and redemption of shares in their respective Terra exchange-traded products (ETPs). The 21Shares Terra ETP (ticker LUNA SW) and the VanEck Terra ETN (VLNA GR) shall be thus halting the processes. Terra’s native cryptocurrency LUNA was

Bhushan Akolkar May 14, 2022

After the recent collapse of the Terra ecosystem this week, VanEck and 21Shares have decided to suspend the creation and redemption of shares in their respective Terra exchange-traded products (ETPs). The 21Shares Terra ETP (ticker LUNA SW) and the VanEck Terra ETN (VLNA GR) shall be thus halting the processes. Terra’s native cryptocurrency LUNA was

Bitcoin News
Bitcoin News

Japanese Brokerage Giant Nomura Starts Offering Bitcoin (BTC) Derivatives in Asia

Japanese brokerage giant Nomura Holdings has started offering Bitcoin derivatives to its institutional clients due to high demand. The decision comes just at a time when Bitcoin (BTC) has been going through a rough phase and is trading below $30,000. Nomura shall be offering Bitcoin non-deliverable forwards and non-deliverable options settled in cash. Thus, its

Bhushan Akolkar May 13, 2022

Japanese brokerage giant Nomura Holdings has started offering Bitcoin derivatives to its institutional clients due to high demand. The decision comes just at a time when Bitcoin (BTC) has been going through a rough phase and is trading below $30,000. Nomura shall be offering Bitcoin non-deliverable forwards and non-deliverable options settled in cash. Thus, its

Binance-4
Altcoin News
Binance-4
Altcoin News

Crypto Exchange Binance Decides to Delist Terra LUNA and UST Stablecoin

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: Binance will remove and cease trading, close users’ positions, conduct an automatic settlement and cancel all pending orders on the following margin trading

Bhushan Akolkar May 13, 2022

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: Binance will remove and cease trading, close users’ positions, conduct an automatic settlement and cancel all pending orders on the following margin trading

yearnfinance-vault-exploit-hack-ethereum-millions-funds
Altcoin News
yearnfinance-vault-exploit-hack-ethereum-millions-funds
Altcoin News

Here’s How the Attacker Possibly Made Over $800 Million In A Coordinated Attack on UST

Since the beginning of the week, Terra’s UST stablecoin has seen a major crash de-pegging from the USD. At the same time, Terra’s native cryptocurrency LUNA has corrected by over 80% in the last four days. Amid all the bloodbath, speculations have been growing that there was a coordinated attack on the UST stablecoin. The

Bhushan Akolkar May 11, 2022

Since the beginning of the week, Terra’s UST stablecoin has seen a major crash de-pegging from the USD. At the same time, Terra’s native cryptocurrency LUNA has corrected by over 80% in the last four days. Amid all the bloodbath, speculations have been growing that there was a coordinated attack on the UST stablecoin. The

Anchor Protocol is Terra's largest DeFi platform
Altcoin News
Anchor Protocol is Terra's largest DeFi platform
Altcoin News

LUNA Tanks Another 57% Slipping Under $20, Do Kown to Announce UST Recovery Plan

Things seem to be getting from bad to worse for the Terra ecosystem as the LUNA price continues its further correction. In the last 24-hours, LUNA lost another 57% and is currently trading at $16.71. On the other hand, the UST continues to de-peg and is currently at $0.80. The TerraUSD (UST) stablecoin has shown

Bhushan Akolkar May 11, 2022

Things seem to be getting from bad to worse for the Terra ecosystem as the LUNA price continues its further correction. In the last 24-hours, LUNA lost another 57% and is currently trading at $16.71. On the other hand, the UST continues to de-peg and is currently at $0.80. The TerraUSD (UST) stablecoin has shown

Anchor Protocol is Terra's largest DeFi platform
Altcoin News
Anchor Protocol is Terra's largest DeFi platform
Altcoin News

Crypto Exchange Binance Suspends Withdrawal of Terra (LUNA) and UST Stablecoins

The UST stablecoin de-peg with the U.S. Dollar has created a storm on Satoshi Street. Earlier today, the UST price dropped to a low of $0.60 de-pegging by a staggering 40% from the Dollar. This has resulted in massive liquidations of UST as well Traa’s native cryptocurrency LUNA. As of press time, the Terra (LUNA)

Bhushan Akolkar May 10, 2022

The UST stablecoin de-peg with the U.S. Dollar has created a storm on Satoshi Street. Earlier today, the UST price dropped to a low of $0.60 de-pegging by a staggering 40% from the Dollar. This has resulted in massive liquidations of UST as well Traa’s native cryptocurrency LUNA. As of press time, the Terra (LUNA)

China
Bitcoin News
China
Bitcoin News

Bitcoin All Exchange Inflows Hit 1-Year High, Massive BTC Shorts Coming In

The world’s largest cryptocurrency Bitcoin (BTC) continues its downward fall at an unprecedented rate. As of press time, Bitcoin is down another 8% slipping under $31,000 for the first time since July 2021. On-chain data shows that Bitcoin whales have been depositing the BTC on the exchanges in massive numbers. As per data from CryptoQuant,

Bhushan Akolkar May 10, 2022

The world’s largest cryptocurrency Bitcoin (BTC) continues its downward fall at an unprecedented rate. As of press time, Bitcoin is down another 8% slipping under $31,000 for the first time since July 2021. On-chain data shows that Bitcoin whales have been depositing the BTC on the exchanges in massive numbers. As per data from CryptoQuant,

Terra begins producing blocks again
Altcoin News
Terra begins producing blocks again
Altcoin News

Luna Foundation Guard Takes Corrective Measures to Protect UST Peg, Here’s How

The Luna Foundation Guard has once again come forward announcing some key measures to safeguard the Bitcoin peg for its native UST stablecoin. Last weekend turned out to be a major nightmare for Terra (LUNA) investors and all participants of the ecosystems. In what seemed like a coordinated attack on the Terra-Luna-UST ecosystem a single

Bhushan Akolkar May 9, 2022

The Luna Foundation Guard has once again come forward announcing some key measures to safeguard the Bitcoin peg for its native UST stablecoin. Last weekend turned out to be a major nightmare for Terra (LUNA) investors and all participants of the ecosystems. In what seemed like a coordinated attack on the Terra-Luna-UST ecosystem a single

China
Bitcoin News
China
Bitcoin News

Bloodbath Alert: Bitcoin (BTC) Gives a Weekly Close Below 100-DMA for the First Time In Four Years

Over the last weekend, Bitcoin (BTC) and the broader crypto market witnessed a brutal sell-off with Bitcoin and the broader crypto market losing nearly 10%. In the last three days, the broader crypto market has eroded $250 billion of investors’ wealth. The world’s largest cryptocurrency Bitcoin (BTC) has slipped under $33,500 as of last week’s

Bhushan Akolkar May 9, 2022

Over the last weekend, Bitcoin (BTC) and the broader crypto market witnessed a brutal sell-off with Bitcoin and the broader crypto market losing nearly 10%. In the last three days, the broader crypto market has eroded $250 billion of investors’ wealth. The world’s largest cryptocurrency Bitcoin (BTC) has slipped under $33,500 as of last week’s

Monero
Altcoin News
Monero
Altcoin News

Monero (XMR) To Protect Miners’ Interest By Introducing Tail Emission In 30 Days

The Monero community is working on some key measures to guard the interest of its miners. In this regard, Monero (XMR) shall be introducing an upgrade dubbed Tail Emission in the coming days. Tail Emission, as the name suggests, is a “minimum subsidy” “to keep fees reasonable, ensure a lower bound of network security, and

Bhushan Akolkar May 6, 2022

The Monero community is working on some key measures to guard the interest of its miners. In this regard, Monero (XMR) shall be introducing an upgrade dubbed Tail Emission in the coming days. Tail Emission, as the name suggests, is a “minimum subsidy” “to keep fees reasonable, ensure a lower bound of network security, and

DeFi News
DeFi News

DeFi Exchange Uniswap Claims It’s Better Than Binance and Coinbase In Liquidity Game

The centralized and decentralized exchanges (DEXs) in the crypto market have been always in a fight with each other. The world’s largest decentralized exchange Uniswap says that it is better than its rivals Coinbase and Binance when it comes to offering crypto market liquidity. This happens as Uniswap offers better incentives to liquidity providers and

Bhushan Akolkar May 6, 2022

The centralized and decentralized exchanges (DEXs) in the crypto market have been always in a fight with each other. The world’s largest decentralized exchange Uniswap says that it is better than its rivals Coinbase and Binance when it comes to offering crypto market liquidity. This happens as Uniswap offers better incentives to liquidity providers and

Anchor Protocol is Terra's largest DeFi platform
Altcoin News
Anchor Protocol is Terra's largest DeFi platform
Altcoin News

Terra Buys Another $1.5 Billion Worth of Bitcoins, Stablecoin TerraUSD Enters Top Ten List

The Luna Foundation Guard, the parent organization behind the Terra blockchain, has purchased another $1.5 billion in Bitcoins. The recent purchase comes when Bitcoin (BTC) is down by 5% at press time and trading at around $37,000. The latest BTC purchase brings the Luna Foundation Guard closer to its goal of acquiring $10 billion worth

Bhushan Akolkar May 5, 2022

The Luna Foundation Guard, the parent organization behind the Terra blockchain, has purchased another $1.5 billion in Bitcoins. The recent purchase comes when Bitcoin (BTC) is down by 5% at press time and trading at around $37,000. The latest BTC purchase brings the Luna Foundation Guard closer to its goal of acquiring $10 billion worth

News
News

California Governor Issues Crypto Executive Order, Unveils Roadmap for Blockchain Adoption

On Wednesday, May 4, California Gov. Gavin Newsom issued a new executive order on cryptocurrencies. This is quite exciting news considering that California is the state with the largest economy in the U.S. Thus, it could encourage governors of other states to make a similar move. The crypto executive order lays out a roadmap for

Bhushan Akolkar May 5, 2022

On Wednesday, May 4, California Gov. Gavin Newsom issued a new executive order on cryptocurrencies. This is quite exciting news considering that California is the state with the largest economy in the U.S. Thus, it could encourage governors of other states to make a similar move. The crypto executive order lays out a roadmap for

"Bitcoin Is A Good Indicator For Retail Trading Sentiment"- JJ Kinahan
Bitcoin News
"Bitcoin Is A Good Indicator For Retail Trading Sentiment"- JJ Kinahan
Bitcoin News

Sell The Rumor Buy the News, Bitcoin Gives 5% Upside After Fed Meeting

On Wednesday, May 4, the U.S. Federal Reserve announced an interest rate hike by 50 basis points in order to control the soaring inflation. The announcement was quite on the expected lines and the U.S. equity market as well as the crypto market rallied soon after. The Bitcoin (BTC) price is up 5% in the

Bhushan Akolkar May 5, 2022

On Wednesday, May 4, the U.S. Federal Reserve announced an interest rate hike by 50 basis points in order to control the soaring inflation. The announcement was quite on the expected lines and the U.S. equity market as well as the crypto market rallied soon after. The Bitcoin (BTC) price is up 5% in the