Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &

Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &
Key item features Ultimate Security: Generates a private key that remains on the card, safeguarding crypto and NFTs from hackers with EAL6+ certification and audited firmware. Versatile Compatibility: Manages over 13,000 tokens across 70+ blockchains, supporting DeFi, NFTs, and DeEx without wires, Bluetooth, or USB. Effortless Operation: Utilizes NFC for secure transactions via a mobile device and the Tangem app, enabling buying and selling crypto with various payment methods. Smart Backup: Features a second Tangem Wallet as a backup, eliminating the need for paper, pictures, or seed phrases for recovery. Durable Design: Boasts IP68 protection against environmental conditions, ensuring longevity and robust physical security. Comprehensive Support: Compatible with Bitcoin, Ethereum, Solana, XRP, USDT, and over 6,000 cryptocurrencies, integrating with dApps and WalletConnect.

LBANK

LBANK

Why Investing In Terra Classic (LUNC) May Be A Bad Idea

The value of Terra Classic (LUNC) had plunged to below zero following the largest crash ever seen in the crypto space. The cryptocurrency had refused to ‘die’ and has instead found favor among crypto investors who are trying to make a quick buck from the highly volatile cryptocurrency. However, even with multiple pumps, investing in LUNC may not be as good an investment as some users expect due to a number of factors.

Uncertainty In Terra Camp

After the crash of the Terra network that caused users to lose billions of dollars, Terra founder Do Kwon and others had gone on to make another token which was airdropped to holders. But even this new cryptocurrency is having a tough go of it.

Most of the issues have arisen with the case against Terra founder Do Kwon and other associates. The hunt for the founder had escalated after South Korean authorities had issued an arrest warrant for him. Even though Kwon had taken to the social media platform Twitter to ‘plead’ his case and say that he was not on the run from authorities, the South Korean authorities had countered his claim that they had been unable to reach Kwon.

Singaporean police had further confirmed that the Terra founder was no longer in the country, where he had moved earlier in the year. Then on Monday, September 26th, it was confirmed that the International Polic (Interpol) had issued a red notice for the founder.

This red notice means that wherever Kwon is, Interpol will charge local law enforcement to apprehend him. Even though Kwon had claimed that he was in full cooperation with authorities, South Korean authorities said that he had not been cooperative in any way, hence the multiple arrest warrants.

Terra Classic (LUNC) Is A Bad Idea

With the issues that continue to plague the Terra network and its founders, the cryptocurrency has been very unstable. This is even made worse by the fact that there are now two tokens, and LUNA has proven to be the more stable of the two.

Right now, LUNC is a gambler’s token and has drawn those who are basically playing the market like a casino. This lack of long-term conviction makes the token a bad play, especially for those who are looking for a token to hold onto. 

The recovery trends can be massive, but so are the declines. For example, while the rest of the market is actually seeing minor gains over the last seven days, the price of LUNC is down 25% during this time. Over the last 24 hours, LUNC has recorded more than 10% losses.

LUNC’s price has been reacting negatively to the news of the arrest warrants for Do Kwon. Now, with Interpol involved, it has become a matter of when, not if, Kwon is apprehended. When this happens, the price of Terra Classic will likely dump lower than it did during the network crash.

Featured image from Finbold, charts from TradingView.com

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…



from NewsBTC https://ift.tt/aEMNSDC
via IFTTT

Popular posts from this blog

Crypto Exec Warns Tokenization Is Moving Faster Than Expected

Image
According to a post shared on X by Keith Grossman, president of crypto payments firm MoonPay, finance is heading toward an onchain future that could unfold over several years. The view comes as large banks and asset managers begin product tokenization, a move that once seemed extreme but is now being treated as a practical step by major institutions. Regulatory Signals Push Institutions Forward Based on reports cited by Grossman, progress has accelerated because rules are becoming clearer. Legislative efforts, regulatory guidance, bank involvement and accounting standards are starting to line up. That combination reduces uncertainty, which is often what slows large pools of capital. BlackRock has already launched tokenized funds, while Franklin Templeton is running tokenized money market funds on public blockchains. Those actions suggest that tokenization is no longer confined to pilot labs or internal trials. It is being used with real assets and real clients. Bank of Ameri...
Read more

Bitcoin Mining Could Be Strengthening The Ruble, Russian Central Bank Says

Image
Bitcoin mining may be providing incremental support to the Russian ruble, Central Bank Governor Elvira Nabiullina said, while cautioning that the effect is difficult to measure because much of the sector still operates in a legal and reporting gray zone. Bitcoin Mining May Support The Ruble Responding to a question at a press conference, Nabiullina said it is “probably difficult to quantify” mining’s influence “because a significant part of mining is still in a gray area.” Still, she added that mining is “indeed one of the additional factors contributing to the strong ruble exchange rate.” As Russian business news portal for RBC reported , her remarks come as Russian officials increasingly frame mining and crypto flows as macro-relevant, not just a niche tech or energy story. Earlier, Maxim Oreshkin, deputy head of the presidential administration, said ruble forecasts have been thrown off by the underestimation of financial flows tied to mining and cryptocurrency. In his view, the s...
Read more

Nigerian SEC Partners With Police To Tackle Crypto Ponzi Schemes – Details

Image
The Nigerian Securities and Exchange Commission (SEC) is maintaining an intense focus on the local cryptocurrency industry, as indicated by recent developments. While introducing minimum capital requirements for previously unregulated virtual asset service providers (VASPs), the securities regulator has also formed an alliance with the Nigeria Police Force (NPF) against cryptocurrency fraud, among other illegal operations. Nigerian SEC Looks To Improve Crypto Investors’ Protection According to local media Voice of Nigeria , the SEC is ramping up efforts aimed at investor protection and transparent market operations in the crypto ecosystem. In a recent meeting with the NPF, the Commission’s Director-General (DG), Dr. Emomotimi Agama, communicated to the Inspector General of Police (IGP), Kayode Egbetokun, concerns over malicious actors in the financial markets who exploit investors’ trust for personal gains.  Dr. Agama said: They cloak their deceit in the glamorous but misunder...
Read more