Avalanche Submits Subnet Proposal for ApeCoin DAO’s Metaverse Migration
The proposal comes weeks after Otherside faced issues on Ethereum.
Category: Digital Currency
Soona Amhaz’s Volt Debuts $50M Crypto Fund Backed by Marc Andreessen, Chris Dixon
The VC firm will continue to focus on infrastructure, DeFi, NFTs and DAOs.
Associations for Blockchain Technology, Digital Assets Adoption to Merge
The major industry associations for blockchain technology and adoption of digital assets are to merge creating a single association of nearly 500 institutional members.
Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote
While the FSS’ standardization effort is still in its early stages, it is expected that once a legal framework for virtual assets has been established, a uniform evaluation system will be put in place.
DeFi Platform Lido Votes Against Supporting New Terra Blockchain
Terra’s revival plan was approved by network validators earlier Wednesday.
FTX US looking for strategic acquisitions after ‘notable growth’ in users
FTX US President Brett Harrison said the exchange is looking for strategic acquisition opportunities after seeing “notable growth” in users.
The post FTX US looking for strategic acquisitions after ‘notable growth’ in users appeared first on CryptoSlate.
Bitcoin price bottom signals flash as ‘fear and greed’ index matches March 2020 lows
On-chain indicators focusing on Bitcoin’s fair valuation and long-term holders’ sentiment also raise its prospects of bottoming out.
Crypto Lender Babel Finance Lands Unicorn Status With $80M Series B
The firm, which provides crypto financial services to institutional investors, is valued at $2 billion.
Report: The Metaverse Might Contribute $320 Billion to Latam’s GDP in the Next 10 Years
A new report indicates that the metaverse might be a significant factor in the growth of economies in Latam and the world in the coming decade. The study, issued by Analysis Group, estimates that Latam might benefit from a surge of $320 billion or an approximate 5% of its GDP, in the next 10 years. […]
Report: The Metaverse Might Contribute $320 Billion to Latam’s GDP in the Next 10 Years
A new report indicates that the metaverse might be a significant factor in the growth of economies in Latam and the world in the coming decade. The study, issued by Analysis Group, estimates that Latam might benefit from a surge of $320 billion or an approximate 5% of its GDP, in the next 10 years. […]
What Impact Will a Bear-Market Merge Have on Ethereum?
As crypto tumbles, Vitalik Buterin says Ethereum’s shift to proof-of-stake will happen in August.
Andreessen Horowitz Establishes $4.5B Crypto Fund, Its Fourth
Venture Capital firm Andreessen Horowitz has announced a $4.5 billion fund to focus on crypto and Web 3.
WEF 2022, May 25: Latest updates from the Cointelegraph Davos team
The fourth day of WEF 2022 will see key people from the industry discuss the journey of crypto investors.
Ariva Celebrates 1st Year Anniversary With Impressive Achievements in the Blockchain Industry
PRESS RELEASE. Ariva, a next-generation tourism & travel blockchain protocol, celebrated the first anniversary of its launch on May 25, 2022. This development marks an impressive milestone for the blockchain project that has taken the tourism sector by storm in recent months. Ariva launches reward program to celebrate 1st anniversary Ariva has announced a giveaway […]
MetaKings Raises $15M to Launch Web 3 Strategy Game Blocklords
The medieval strategy-based massively multiplayer online (MMO) game is expected to debut next year.
Bitcoin ‘finally’ due for $32.8K as long-term BTC price metric flashes overvalued
An uptick to two-week highs is on the cards but longer timeframes still trouble Bitcoin analysis.
Terra community litigation fund’s details raise ‘red flags’
@FatManTerra tweeted details of a community litigation fund that aims to compensate victims of the Terra scandal and clarified that he would not promote or share the link due to “red flags.” I would like to have a little heart-to-heart with you guys about the status of our potential class action against Terraform Labs, Do […]
The post Terra community litigation fund’s details raise ‘red flags’ appeared first on CryptoSlate.
WEF 2022: Satoshi Nakamoto could be a woman, says Meta VP Nicola Mendelsohn
GBBC CEO highlighted the need for women’s representation on the crypto trading side and claimed “Bro culture” is prevalent in the trading ecosystem.
Terra Snapshot Expected This Week. Here’s How ‘New’ Luna Will Be Distributed
The supply of tokens on the new blockchain will be just over 116 million, developers said.
Argentinian Cryptocurrency Exchange Buenbit Announces Staff Layoffs
Buenbit, an Argentinian cryptocurrency exchange, has announced a series of layoffs due to the downturn that traditional and crypto markets are currently facing. Buenbit’s co-founder and CEO, Federico Ogue, clarified that this move had nothing to do with the recent Terra ecosystem disaster and that from now on, the exchange would focus on keeping operations […]
Exchanges show initial support to Terra revival by listing new LUNA token
HitBTC plans to list Terra’s brand new token LUNA on May 27 as the suspended Terra Classic blockchain is expected to revive as Terra 2.0.
Inside GameFi: A deep look at the fast-growing, play-to-earn crypto sector
The crypto industry has seen its fair share of hype cycles, each led by an emerging new sector that promises a revolution in the world of blockchain.
The post Inside GameFi: A deep look at the fast-growing, play-to-earn crypto sector appeared first on CryptoSlate.
NFT owners reminded to be vigilant after 29 Moonbirds were stolen by clicking a bad link
A malicious link netted a scammer $1.5 million worth of Moonbird NFTs from a Proof Collective member.
Dept. of Finance Proposes Crypto Tax by 2024 in the Philippines
The incoming Marcos administration must first clarify the tax treatment of cryptocurrency transactions.
The post Dept. of Finance Proposes Crypto Tax by 2024 in the Philippines appeared first on BitPinas.
Google seeks fresh talent to lead global Web3 team
The role will be tasked with raising awareness about Google Cloud’s Web3 initiatives in addition to eventually building customer demand for the related offerings.
ECB Survey Finds 10% of Eurozone Households Own Crypto Assets
One in every 10 households in six eurozone countries has acquired cryptocurrencies, the European Central Bank (ECB) has found with a new survey. While the richest are most likely to own crypto assets, poor families are not far behind, the poll indicates. Dutch Households Lead in Terms of Crypto Ownership, ECB Survey Shows Every tenth […]
Central African Republic wants to launch Africa’s first legal Bitcoin investment platform
According to an announcement on the country’s official Facebook page, the Central African Republic (CAR) is set to launch a cryptocurrency investment hub. The post revealed that the project would be known as “Sango.” According to the statement, President Faustin-Archange Touadera said “The formal economy is no longer an option.
The post Central African Republic wants to launch Africa’s first legal Bitcoin investment platform appeared first on CryptoSlate.
Crypto Asset Managers Chase Yield With New Investment Products
A cocktail of high inflation and cash-hungry crypto firms are prompting fund issuers like Bitwise and 21Shares to get creative.
Bitcoin․com’s Director of Engineering Answers Verse Questions in AMA
With the Verse token sale slated for June, and registration already open at getverse.com, Bitcoin.com’s Head of Financial Services Corbin Fraser hosted an ‘Ask-Me-Anything’ with special guest Director of Engineering Andrei Terentiev. Addressing questions submitted across Twitter, Discord, and Telegram, the AMA premiered today and can be viewed in its entirety here. Topics addressed in […]
Blockstream dreams up a whole new type of multisig called ROAST
In particular, ROAST has been posited as a signature standard that could work with, and improve, threshold signature schemes such as FROST (Flexible Round-Optimized Schnorr Threshold Signatures).
OpenEthereum support ends with the Merge fast approaching
“The usefulness has run its course,” the OpenEthereum team wrote regarding its popular software, “we look forward to the next phase of clean, green and massively scalable blockchain infrastructure.”
South Korea to tighten scrutiny of exchanges after Terra LUNA collapse
The collapse of the Terra ecosystem has sent shockwaves across the crypto ecosystem, dragging down the entire market.
The post South Korea to tighten scrutiny of exchanges after Terra LUNA collapse appeared first on CryptoSlate.
Wework Co-Founder Adam Neumann’s Crypto Project Secures $70M, Funding Round Led by A16z
The co-founder of the company Wework, Adam Neumann, is behind a new crypto project called Flowcarbon and on Tuesday, the blockchain project revealed it raised $70 million from a handful of investors and was led by Andreessen Horowitz (A16z). Flowcarbon’s chief executive Dana Gibber says the project’s efforts provide a “brilliant financial mechanism that creates […]
TA: Ethereum Forms Bullish Pattern But This Level Is Crucial
Ethereum extended decline and tested the $1,920 support against the US Dollar. ETH is rising and might revisit the key $2,085 resistance zone.
Ethereum remained stable above the key $1,920 support zone.
The price is now trading above $2,000 and the 10…
‘Code is not law’: Seth Green thief stole Bored Apes, not the rights say experts
Green planned on using the BAYC in an upcoming TV series, and he has hinted he will go to court to get his Apes back if the new owner does not give it up.
Cornucopias: A Revolutionary Cardano Blockchain Project That Is Redefining the Gaming Metaverse Industry
PRESS RELEASE. The metaverse is a virtual world that allows millions of players to live beyond their immediate environment. With blockchain technology, users can create, own and utilize digital assets while interacting with other people in the virtual space. Cornucopias ‘The Island’ is a play-to-earn, build-to-earn, learn-to-earn, host-to-earn MMORPG game powered by the blockchain. In […]
5 Up-and-Coming DOGE Projects that Might be Worth Your Money
In the 2021 bull run, cryptocurrencies that played on the dog theme dominated the market. It all started on April 2nd, when Elon Musk tweeted “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” In the weeks that followed, Dogecoin – cryp…
WeWork founder reinvents himself with $70M crypto carbon credit platform
Coworking space founder and billionaire Adam Neumann is trying his hand in the crypto space, raising $70 million for his blockchain-powered climate tech platform Flowcarbon.
Learn and Earn YGG
Earn crypto while learning about crypto! From May 25 – 29, 2022, find facts about YGG in the Coins.ph app and social media pages. Take the quiz on May 21, 2022 to earn YGG tokens. Related: What is YGG Token? Mechanics: Coins.ph will post daily fun facts on the Coins.ph app and social pages from […]
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Its pay out time for DeFi insurance
Last week founders from the top DeFi insurance companies, Nexus Mutual, InsurAce, Bright Union, and Amulet, came together to discuss the UST de-pegging event.
The post Its pay out time for DeFi insurance appeared first on CryptoSlate.
How FilipinasNFT Empowers Women in the Philippine Crypto Art and NFT Space
In a currently male-dominated field, a collective of women emerged to empower and encourage Filipina artists to enter and flourish into the non-fungible token (NFT) space.
The post How FilipinasNFT Empowers Women in the Philippine Crypto Art and NFT Space appeared first on BitPinas.
Bank of England’s Andrew Bailey Warns Bitcoin Has No Intrinsic Value, Not a Practical Means of Payment
The governor of the Bank of England, the British central bank, says bitcoin has no intrinsic value and the cryptocurrency is not suitable as a practical means of payment. His warning came after the crypto market plunged. Andrew Bailey on Bitcoin and Cryptocurrency Bank of England Governor Andrew Bailey warned about bitcoin and cryptocurrency on […]
TA: Bitcoin Price Moves Higher In Range, $30.6K Still Presents Resistance
Bitcoin remained strong above the $28,500 support against the US Dollar. BTC is rising, but it must clear $28,500 to move into a positive zone.
Bitcoin started a fresh increase after it tested the $28,500 support zone.
The price is now trading above t…
E-Sabong Crypto? 12 ‘E-Sabong’ Sites Using Crypto as Bets, PNP Discovers
Bettors are warned that they are also liable and can be charged with violation of Anti-Illegal Gambling Law. (PD 449).
The post E-Sabong Crypto? 12 ‘E-Sabong’ Sites Using Crypto as Bets, PNP Discovers appeared first on BitPinas.
Uniswap breaks $1T in volume — but has only been used by 3.9M addresses
Uniswap has hit two major milestones this month, with the DEX topping $1 trillion in volume and hitting around 3.9 million cumulative users this month.
Bitcoin Rejects Downside At $29k, Here’s Why This Is Good
Today’s Bitcoin price analysis is positive, as a dip to $29,000 was met with solid support and rejection, indicating that additional downside is unlikely. As a result, BTC/USD is expected to rise further in the next days, most likely above the $3…
Could GameFi and carbon currencies reverse blockchain’s climate stigma?
Toucan Protocol’s Rob Schmitt believes blockchain gaming could have a much better environmental reputation if games integrated carbon offsets.
Cryptosat’s first nanosatellite blasts off Wednesday on SpaceX rocket
The small satellite no bigger than a coffee mug is made from off-the-shelf parts and can be a tamperproof platform to secure blockchains and other Web3 protocols.
Guggenheim’s Scott Minerd Sees a Lot More Downside to Crypto Market — Predicts Bitcoin Could Fall to $8K
Guggenheim Chief Investment Officer Scott Minerd Says there’s a lot more downside to crypto after the market plunged. He has predicted that the price of bitcoin could fall to $8K. Guggenheim’s Scott Minerd Predicts the Future Outlook for Bitcoin, Crypto Bitcoin bear Scott Minard, global chief investment officer of Guggenheim Partners, shared his recent predictions […]
New Luna 2.0 blockchain will not be a fork of Luna Classic
Terraform Labs have confirmed that the new Luna 2 blockchain release on May 27 will not share any history with Luna Classic.
The post New Luna 2.0 blockchain will not be a fork of Luna Classic appeared first on CryptoSlate.
Sam Bankman-Fried could spend up to $1B in 2024 to thwart Trump comeback
The FTX founder said he’d spend “north of $100 million” with a “soft ceiling” of $1 billion and added “who knows what’s going to happen between now and then.”
Oil prices climb on prospects for tighter supply as demand rises
Oil prices rose in early trade on Wednesday, boosted by tight supplies and the prospect of rising demand from the upcoming start of the U.S. summer driving season.Brent crude (ICEEUR:BRN1!) futures for July rose 46 cents, or 0.4%, to $114.02 a barrel b…
Brazil’s GPA says share buyback program approved for Exito shareholders
Brazilian food retailer GPA (BMFBOVESPA:PCAR3) said on Tuesday that shareholders in its subsidiary Almacenes Exito (BVC:EXITO) have approved a share buyback program on the Colombian Stock Exchange.According to a securities filing, Exito shareholders wh…
Tokyo’s Nikkei share average opens down 0.14 pct
TOKYO, May 25 (Reuters) – Japan’s benchmark Nikkei average opened down 0.14 percent at 26,711.53 on Wednesday, while the broader Topix shed 0.11 percent at 1,876.11.
Japan maintains economic assessment in May report
Japan kept the overall view on its economy unchanged in May, saying it showed signs of improvement and removing a reference to the coronavirus in its headline assessment for the first time since the start of the pandemic.”The economy is showing signs o…
Japan maintains economic assessment in May report
Japan kept the overall view on its economy unchanged in May, saying it showed signs of improvement and removing a reference to the coronavirus in its headline assessment for the first time since the start of the pandemic.”The economy is showing signs o…
First Mover Asia: Bitcoin Dominates but Altcoins Lurk
Although Terra’s collapse has raised existential questions about the future of DeFi, some traders appear to be preparing for a return to altcoins; BTC remains rangebound below $30,000 in Tuesday trading.
LUNA Investor Arrested for Knocking on Do Kwon’s Door After Losing $2.4 Million in Terra Crash
A crypto investor has been arrested after knocking on Do Kwon’s door following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He lost about $2.4 million and is now under investigation by the South Korean police. “I felt like I was going to die,” he said about losing his investments. Investor Under Investigation […]
Investors furious after LUNA profits removed following “glitch” on Woo X Exchange
On May 22, CryptoSlate received numerous reports from Investors that Woo Exchange had reversed dozens of trades and thus deleting profits from users’ accounts.
The post Investors furious after LUNA profits removed following “glitch” on Woo X Exchange appeared first on CryptoSlate.
Hardware Wallet D’CENT Offers Multiple Ways Which Can Help Users Bypass Crypto Exchanges
PRESS RELEASE. D’CENT Hardware Wallet recently added a new user-focused feature named ‘Exchange’ under the platform’s ‘Discovery’ tab menu, allowing users to exchange multiple network cryptocurrency assets with only a few clicks. Furthermore, users may acquire cryptocurrencies using their credit cards directly from the ‘Buy Cryptocurrency’ tab, thereby bypassing the need for crypto exchanges. Details […]
Institutional Investors Seek Safe Haven In Crypto Products Amid Market Uncertainty
Institutional investors have been a big part of the crypto market ever since they started investing in the market. Just like every other investors, institutional investors are not immune from the wild price fluctuations that characterizes the crypto ma…
Investors May Expect Downside For Bitcoin And Ethereum Market For The Next 3 Months
The crypto markets have accepted the depegging of UST and the subsequent downward spiral of LUNA, both of which impacted the price of Bitcoin and the entire digital asset spectrum. According to a recent report by the Glassnode team, the Bitcoin market …
Mastercard CEO Teases CBDC Panel: SWIFT May Not Exist in 5 Years
Mastercard CEO Michael Miebach spoke on a panel about the future of cross-border payments and CBDCs at the World Economic Forum in Davos.
Web 3 Education Platform Pitches ‘Earn While You Learn’ to Business Executives
Crypto author Shelly Palmer is venturing deeper into education with Metacademy.xyz.
Tether ‘Transparency Is Needed’ Following Terra’s UST Collapse: Analyst
The director of blockchain market research said Tether should be more transparent about “what they actually hold on their balance sheets,” on CoinDesk TV’s “First Mover,” program.
GameStop rolls out web3 wallet for crypto, NFTs
Electronics retail company GameStop Corp has launched a digital asset wallet that enables users to store, send, receive, and use cryptocurrencies and non-fungible tokens (NFTs).
The post GameStop rolls out web3 wallet for crypto, NFTs appeared first on CryptoSlate.
Acquiring a Home With Bitcoin — A Deep Dive Into the Latest Crypto-Backed Mortgage Trend
During the last few years, cryptocurrencies have been integrated into traditional finance tools like automated teller machines (ATMs), loadable debit cards, point-of-sale devices, and direct payments for all kinds of goods and services. Digital assets have also been added to retirement account offerings issued by financial giants like Fidelity. In recent times, cryptocurrencies can be […]
Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates
The Federal Reserve’s steady interest rate hikes have put stocks and crypto into bear market territory, but analysts worry about what happens if inflation still remains out of the “target range.”
OCC Chief Hsu: Crypto Industry Has Unhealthy ‘Dependency on Hype’
Michael Hsu, who runs the U.S. Office of the Comptroller of the Currency, said the recent fiery collapse of TerraUSD (UST) and the wider drama that came with it should serve as a “wake-up call” to the industry, which he argued has grown too fast.
Bitcoin Price Could Fall To $8,000, Says Guggenheim CIO
Hearing more negative speculation would be unpleasant for the investors as the recent bloodbath’s catastrophic effects already slowed down crypto markets. But unfortunately, an expert predicted Bitcoin would go far below. Scott Minerd, Chief officer at Guggenheim Partners, a global investment and advisory firm handling $325 billion under its management, speculated that the Bitcoin price could plummet to $8,000. He is the same man who once said in December that “Bitcoin price should be $400,000.” Related Reading | XRP Has Broken Below Its Long-Standing Support, What’s Next? The speculation refers to a nearly 70% drop from today’s price of BTC, fluctuating around $30,000. BTC Could Fall With The Fed Being Restrictive Speaking with the CNBC’s Andrew Ross Sorkin in an interview held on Monday at World Economic Forum, Switzerland, he said; When you break below 30,000 [dollars] consistently, 8,000 [dollars] is the ultimate bottom, so I think we have a lot more room to the downside, especially with the Fed being restrictive. Minerd highlighted the relationship between BTC price and Fed regulation and tightening policies. Following its previous high of November 10, when BTC’s price marked $69,044, it decreased by around 58% of its value. “Most of these currencies, they’re not currencies, they’re junk,” he added, saying that “I don’t think we’ve seen the dominant player in crypto yet.” Comparing the current situation with the dotcom bubble of the early 2000s, he said; “If we were sitting here in the internet bubble, we would be talking about how Yahoo and America Online were the great winners,” adding that “Everything else, we couldn’t tell you if Amazon or Pets.com was going to be the winner.” In addition, he urges that digital currency is required to store value. As well as, become a medium of exchange and a unit of account. “I don’t think we have had the right prototype yet for crypto,” said Minerd. Investors Seem Hesitant To Buy Bitcoin Dips The collapse of stablecoins, including TerraUSD (UST) and its fellow token Luna, has caused the market to suffer a severe blow. Edward Moya, an analyst from the well-known forex and CFD trading platform of America, OANDA, has commented that Bitcoin prices are steadied even with the broad risk rally on Wall Street. He added; It looks like most crypto traders are hesitant to buy the dip. Which most likely means that the bottom has not been made. Moreover, Moya talked about the European Central Bank President Christine, who previously said digital currencies are “worth nothing.” Related Reading | Solana (SOL) Could Register An Upswing, Thanks To This Pattern “It is unlikely that any head of a central bank will endorse bitcoin or the other top coins. Especially as we are years away from a digital euro or dollar,” Moya stated. “It looks like bitcoin won’t really attract massive inflows. Until investors believe most major central banks are nearing the end of their tightening cycles.” He speculated that giant coin prices will possibly remain choppy this summer. Featured image from Pixabay and chart from TradingView.com
How Web 3 Changes Philanthropy
>>> Read the full story at CoinDesk
Market Wrap: Cryptos Decline Amid Bearish Sentiment
Bitcoin (BTC) and other cryptos traded lower on Tuesday. Bearish sentiment remains at extreme levels among crypto traders, and analysts expect a period of lower returns.
ECB: One in ten households in eurozone population centers now own cryptocurrency
The survey took place in the EU’s major economic areas such as France, Germany, Italy, Spain, Belgium, and the Netherlands.
Weak stocks and declining DeFi use continue to weigh on Ethereum price
Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000.
FTX’s Bankman-Fried Is Already a Political Mega-Donor. He’s Doubling Down
The CEO of FTX is ready to spend hundreds of millions of dollars in U.S. political campaigns.
Exchange argentino Buenbit reduce 45% de su personal por recesión en la industria tecnológica
La empresa se enfocará en sus operaciones actuales en Argentina, México y Perú, y pondrá freno al plan de expansión a otros países.
U.S. Senators Lummis and Gillibrand Set to Propose Crypto Oversight Bill Next Month
The bipartisan duo of Kirsten Gillibrand and Cynthia Lummis hope their bill to establish guardrails around the digital assets industry could get votes as soon as next year.
What are the implications if Bitcoin is treated as a commodity?
Securities and Exchange Commission (SEC) Chair Gary Gensler told the House Appropriations Committee on May 18 that Bitcoin could potentially be a commodity token.
The post What are the implications if Bitcoin is treated as a commodity? appeared first on CryptoSlate.
WEF 2022: Web3 no longer just about crypto and DeFi, says Polkadot founder Gavin Wood
Blockchain startups building for the Web3 economy have attracted billions of dollars in venture capital funding this year alone.
LUNA’s Ghost Haunts ‘Permissionless’ Crypto Conference
At the first industry conference since Terra’s $40 billion collapse, companies and investors say crypto could face a more uncertain future.
Stripe Partners With OpenNode to Allow Instant Fiat-to-Bitcoin Conversions for Businesses
The new OpenNode app will launch on the Stripe App Marketplace in coming weeks.
Guggenheim’s Minerd Says Bitcoin Will Drop to $8K. We Checked His Record
CoinDesk reviewed the high-profile investor’s track record in forecasting the largest cryptocurrency’s price, following his latest call that bitcoin could drop to $8,000.
Billionaire Ray Dalio Speaks in Davos — Says ‘Blockchain Is Great, but Let’s Call It Digital Gold’
This week the world has been talking about the World Economic Forum (WEF) meeting in Davos, Switzerland, which started on May 22 and ends on May 26. At the event, Bridgewater Associates founder Ray Dalio spoke about today’s economy, the Federal Reserve, cash, and cryptocurrencies. Dalio noted at the WEF conference that he believes blockchain […]
Bitcoin Is Apolitical, but Won’t Be Much Longer
>>> Read the full story at CoinDesk
Exploring the Star Atlas Metaverse
A review on the space-themed, multiplayer gaming metaverse based on the Solana blockchain.
Mercado Bitcoin partners with Stellar to create MVP for Brazilian CBDC
Cryptocurrency companies unite to create use cases for Brazil’s CBDC with central bank approval.
Argentinian Crypto Exchange Buenbit Cuts 45% of Staff Due to Tech Industry Downturn
The company will focus on its current operations in Argentina, Mexico and Peru, and freeze previous plans to expand into other countries.
Bitcoin Rangebound; Support at $27K, Resistance at $33K
Bitcoin (BTC) continues to trade in a tight range, albeit anchored above $27K support. Technical indicators are neutral, and upside appears to be limited from here.
WEF 2022: Trust and clarity are missing in discussions of carbon emissions and crypto
Panelists at the World Economic Forum session on crypto’s carbon footprint seem to be seeing FUD galore surrounding the environmental consequences of crypto mining.
This DEX dwarfs the competition by number of users
Blockchain media firm CryptoDiffer compiled a list of the top 15 decentralized exchanges (DEXs) by the number of users in the last 30-days.
The post This DEX dwarfs the competition by number of users appeared first on CryptoSlate.
This DEX dwarfs the competition by number of users
Blockchain media firm CryptoDiffer compiled a list of the top 15 decentralized exchanges (DEXs) by the number of users in the last 30-days.
The post This DEX dwarfs the competition by number of users appeared first on CryptoSlate.
How Do You Value Metaverse Projects? We Tried. Here’s What We Found
On a per-user basis, the valuations for Decentraland, Axie Infinity and The Sandbox look quite high. But just picking the right metric is tough in this loosely defined niche.
More Downside Ahead for Bitcoin, Says Top Valkyrie Analyst
“It’s a marathon, not a sprint,” Josh Olszewicz, head of research at Valkyrie, said about bitcoin’s price recovery, on CoinDesk TV’s “First Mover” program.
How Ethereum’s Uniswap Reached A Milestone Of $1 Trillion In Trading Volume
Popular decentralized exchange (DEX) platform on Ethereum, Uniswap, celebrates a major milestone. Via its official Twitter account, the team behind the protocol announced that it has processed $1 trillion in all-time trading volume. Related Reading | Coinbase Is on a Downwards Spiral and Could Be Taking your Crypto with It As seen below, this metric has been on an uptrend since September 2020. At that time, the protocol processed less than $10 billion in cumulative trading volume. The $1 trillion milestone was reached in less than a year as Uniswap went processing around $250 billion in cumulative trading volume to $750 trillion in March 2022. The metric has been on the rise despite the current downtrend across global markets. The team behind Uniswap stated the following: It’s been one hell of a ride. As of today, the Uniswap Protocol has passed a lifetime cumulative trading volume of $1 Trillion (…). We couldn’t have reached this milestone without the Uniswap community that continues to build alongside us. Here’s to the next Trillion. Additional data provided by the team behind the protocol suggest Uniswap’s popularity has been increasing along with its trading volume. The DEX’s market share surpassed 50% in August 2020 and has reached over 60% since that time. In addition, the number of Uniswap Users recently hit almost 4 million. In January 2021, the metric stood at less than 1 million users. This represents a 4x increase in a little over a year. The inventor of Uniswap, Hayden Adams, added: $1 trillion all-time volume. I don’t tweet milestones as often these days, but four commas blows my mind. Never expected Uniswap to grow the way that it has. Thanks to everyone who has been along for the ride. What’s Behind This Ethereum DEX Success? There are three potential events that have resulted in Uniswap’s increase in market share and popularity. The first in the deployment of its second iteration, Uniswap v2 introduced new features and functionalities replicated across the entire DeFi sector. The second is the launch of its governance token, UNI. The token rolled out around September 2020, when Uniswap’s fundamental began their upwards ascend, and it was airdropped to all users that ever interacted with the protocol. The event marked an inflection point in the adoption of DeFi protocols. The next year, the sector boomed with the introduction of non-fungible tokens (NFTs) into the mainstream and more people onboarding it. The third event was the launch of DEX’s third iteration, Uniswap v3. This version offered more rewards to users with active investment strategies. Today, most blockchain networks can’t exist without a DeFi sector and their own version of Uniswap. Despite its popularity, the DEX and other protocols have been affected by the current downside price action across large cryptocurrencies. Data from Token Terminal suggests Uniswap peaked in September 2021 when its total value locked (TVL) was close to $10 billion and its trading volume followed. Ever since then, this metric has been in a downtrend and currently appears to be consolidating. Related Reading | TA: Bitcoin Price Stuck In Key Range, Why Dips Might Be Limited At the time of writing, UNI’s price stands at $5.57 with a 5.5% loss in the last 24-hours.
Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price
Solana continues to consolidate near the critical $50 price range, while bulls have begun to flirt with the idea of a possible upswing.
Russian Court Recognizes Cryptocurrency as Means of Payment, Prosecutors See Precedent
The City Court of St. Petersburg has recognized a large amount of cryptocurrency handed over by the victim in an extortion case as a means of payment, Russian media reported. The prosecutor’s office in Russia’s second-largest city describes the ruling as a precedent. Two Men Sentenced for Cryptocurrency Extortion in Russia Two Russian citizens have […]
Bitcoin, Gold and Bonds could dominate 2022 – Bloomberg Intelligence
Inflation is arguably out of control globally, with rates hitting as high as 9% in the United Kingdom while the M1 money supply grows.
The post Bitcoin, Gold and Bonds could dominate 2022 – Bloomberg Intelligence appeared first on CryptoSlate.
DeFi Trading Hub Uniswap Surpasses $1T in Lifetime Volume
Uniswap’s milestone comes as the decentralized exchange continues its march across Web 3.
Bitcoin, Ethereum Exchange Inflows Suggest Sell-Offs Are Far From Over
Bitcoin and Ethereum have been at the forefront of market sell-offs that were triggered by the UST crash. Since then, sellers have continued to dominate the market and even with buyers making significant moves, it continues to be a seller’s market. The…
Crypto funds under management drop to a low not seen since July 2021
Outflows from digital asset funds reached $141 million last week, a figure not seen since July 2021.
How to Buy Loopring [The Ultimate Guide 2022]
As the number of decentralized finance (DeFi) projects and NFTs on Ethereum have skyrocketed, transaction fees and handling times have also increased. In February 2021, the average ETH transaction fee reached an all-time high of $40.
Many Lay…
Bitcoin registra ocho semanas de pérdidas, pero el indicador de sentimiento sugiere un alza
Los indicadores de sentimiento tocaron fondo el lunes.
Biggest Movers: SOL, NEAR Fall Over 10% During Tuesday’s Session
Crypto markets were down across the board on Tuesday, as bears re-entered the market, following strong gains on Monday. SOL was one of the tokens to fall, as it lost just over 10% of its value. NEAR also slipped by over 10% during the session. Solana (SOL) SOL was one of the most notable tokens […]
Bitcoin, Ethereum lead outflows as crypto investments see red week
Digital asset investment products saw outflows totaling $141 million in the week of May 16 due to the bearish stance of investors towards the market, according to CoinShares’ weekly report.
The post Bitcoin, Ethereum lead outflows as crypto investments see red week appeared first on CryptoSlate.
Bitcoin price returns to weekly lows under $29K as Nasdaq leads fresh US stocks dive
BTC price action remains at the mercy of equities performance at the Wall Street open.
Milady NFT Prices Tumble After Creator Doxxes Self as Person Behind Controversial ‘Miya’
The collection amassed huge popularity in crypto circles but its creator has now acknowledged being the person behind a pseudonymous account allegedly linked to hate and a suicide cult.
Enforcement and adoption: What do UK’s recent regulatory aims for crypto mean?
British regulators intend to amplify the enforcement of crypto and make stablecoins a payment method.
Will $26B staked in ETH 2.0 be unlocked and sold after the merge?
It has been confirmed that the Ethereum Consensus Layer will be launched as soon as August 2022.
The post Will $26B staked in ETH 2.0 be unlocked and sold after the merge? appeared first on CryptoSlate.
Bitcoin, Ethereum Technical Analysis: ETH Back Under $2,000 as Balenciaga Gains Lose Steam
Following strong gains to start the week, BTC once again fell under $30,000, as crypto prices moved lower on Tuesday. The downturn follows up from yesterday’s rally, which came as Balenciaga announced it would be accepting crypto payments. ETH also dropped, falling under $2,000 today. Bitcoin Bitcoin fell under $30,000 on Tuesday, as bears returned […]
Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level
The current worst case scenario involves a 28% wick below the 200-week moving average, one theory suggests.
South Korean Authorities Look to More Closely Scrutinize Exchanges Following Terra Meltdown: Report
South Korea’s financial authorities are looking to introduce measures to hold crypto exchanges to greater scrutiny in the wake of Terra’s collapse, according to a report by The Korea Times.
First Mover Americas: TRON Outperforms BTC and Crypto Takes a Lead Role at Davos
The latest moves in crypto markets in context for May 24, 2022.
WEF 2022: Bitcoin should be seen from an innovation perspective, says Miami mayor
Francis Suarez reminded people that volatility plays an equal role when the market is going up, but the concerns only come up during bear markets.
STEPN’s GMT Token Supported by Alchemy Pay for Real-World Spending
PRESS RELEASE. The leading fiat-crypto payment solutions provider, Alchemy Pay (ACH) and the web3 app, STEPN (GMT), have announced a new collaboration. STEPN’s GMT token is now supported for use on Alchemy Pay’s hybrid fiat-crypto payment system that enables it to be spent at over 2 million merchant partners, online and offline, in more than […]
Living as NFTs in the Metaverse
>>> Read the full story at CoinDesk
WEF 2022: Blockchain community breaks stereotypes at Davos
Soramitsu CEO Makoto Takemiya described blockchain companies as the “barbarians at the gate,” storming the World Economic Forum 2022.
Central African Republic to launch official crypto hub ‘Sango’
The Central African Republic prepares to launch its first major crypto hub shortly after the National Assembly adopted Bitcoin as legal tender.
Top 3 cryptocurrencies that are faring the best in the 2022 bear market
The list is curated after studying the drawdowns of the top 30 crypto assets by market cap from their record highs.
El Salvador’s Bitcoin play: What does the current slump mean for adoption?
Despite all of the existing volatility, El Salvador’s move to legalize BTC has helped pave the way for a digital future helmed by crypto assets.
Coinbase introduces crypto to Fortune 500 while FTX CEO featured in TIME 100
U.S.-based crypto exchange Coinbase ranked 437th on the elusive Fortune leaderboard, while Sam Bankman-Fried was highlighted by TIME magazine in the innovation category.
