DeFI News by Thebittimes.Com

Although the majority of assets in the crypto currency sector have been underperforming in recent days or even weeks, some represent a particularly poor choice for crypto trading this week due to various internal and external factors causing their substandard outlook in the short term. Indeed, Finbold has analyzed the crypto market to arrive at the list of four crypto assets to avoid trading this week, taking into account indicators such as the CoinGlass relative strength index (RSI) overbought heatmap, risk analysis, relevant ecosystem events, and other related developments. #1 Terra Classic (LUNC) With the news of Terraform Labs, the company behind the failed Terra (LUNA) crypto currency and the TerraUSD stablecoin, filing for Chapter 11 bankruptcy in the United States on January 21, it might be a good idea to avoid trading its token Terra Classic (LUNC), at least for now. 1/ TFL has proactively filed for Chp. 11 protection, an action that will allow for continued operation...

Under Elon Musk’s leadership, Twitter suspended a number of accounts including those controlled by high-profile journalists and social networking platform Mastodon. Fran Finney, the wife of computer scientist Hal Finney — the recipient of the first transaction on the Bitcoin blockchain from Satoshi Nakamoto — reactivated her late husband’s Twitter account amid concerns Twitter CEO Elon Musk might purge the content from the social media platform due to inactivity. Many Crypto Twitter users reported on Dec. 16 that Finney’s account registered activity for the first time in more than 12 years. Some speculated that a hacker might have taken control of the Bitcoin (BTC) pioneer’s account and it’s more than 71,000 followers, but Fran quickly stepped in to dispel rumors. “I am tweeting for Hal [...] to avoid his account being purged by Elon,” said Fran. I want to keep Hal's account active, and occasionally will be posting from his account. When I do post, I will continue to tag myself a...