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Tag: Cryptocurrency

Wormhole Bridge Expands to Cosmos Ecosystem

Posted on May 25, 2022 By Tracy Wang

The Jump-backed cross-chain connector will integrate with Injective, an EVM-compatible sidechain of Cosmos.

Digital Currency

ZenLedger Raises $15M to Expand Crypto Tax Products

Posted on May 25, 2022 By Cameron Thompson

ZenLedger, a tax software company, is planning new products that push into institutional markets.

Business, Digital Currency

NFL Taps Mythical Games for First Play-to-Earn Venture

Posted on May 25, 2022 By Eli Tan

The football league is continuing its crypto push with an NFT game to be released this year.

Business, Digital Currency

Avalanche Submits Subnet Proposal for ApeCoin DAO’s Metaverse Migration

Posted on May 25, 2022 By Shaurya Malwa

The proposal comes weeks after Otherside faced issues on Ethereum.

Business, Digital Currency

Soona Amhaz’s Volt Debuts $50M Crypto Fund Backed by Marc Andreessen, Chris Dixon

Posted on May 25, 2022 By Brandy Betz

The VC firm will continue to focus on infrastructure, DeFi, NFTs and DAOs.

Business, Digital Currency

Associations for Blockchain Technology, Digital Assets Adoption to Merge

Posted on May 25, 2022 By Jamie Crawley

The major industry associations for blockchain technology and adoption of digital assets are to merge creating a single association of nearly 500 institutional members.

Business, Digital Currency

Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote

Posted on May 25, 2022 By Cointelegraph By Arnold Kirimi

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.

Digital Currency, News

DeFi Platform Lido Votes Against Supporting New Terra Blockchain

Posted on May 25, 2022 By Jamie Crawley

Terra’s revival plan was approved by network validators earlier Wednesday.

Business, Digital Currency

FTX US looking for strategic acquisitions after ‘notable growth’ in users

Posted on May 25, 2022 By Jinia Shawdagor

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.

Digital Currency, News

Bitcoin price bottom signals flash as ‘fear and greed’ index matches March 2020 lows

Posted on May 25, 2022 By Cointelegraph By Yashu Gola

On-chain indicators focusing on Bitcoin’s fair valuation and long-term holders’ sentiment also raise its prospects of bottoming out.

Digital Currency, News

Crypto Lender Babel Finance Lands Unicorn Status With $80M Series B

Posted on May 25, 2022 By Eliza Gkritsi

The firm, which provides crypto financial services to institutional investors, is valued at $2 billion.

Business, Digital Currency

Report: The Metaverse Might Contribute $320 Billion to Latam’s GDP in the Next 10 Years

Posted on May 25, 2022 By Sergio Goschenko

metaverseA 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. […]

Digital Currency, News

Report: The Metaverse Might Contribute $320 Billion to Latam’s GDP in the Next 10 Years

Posted on May 25, 2022 By Sergio Goschenko

metaverseA 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. […]

Digital Currency, News

What Impact Will a Bear-Market Merge Have on Ethereum?

Posted on May 25, 2022 By Sam Reynolds, Sage D. Young

As crypto tumbles, Vitalik Buterin says Ethereum’s shift to proof-of-stake will happen in August.

Digital Currency

Andreessen Horowitz Establishes $4.5B Crypto Fund, Its Fourth

Posted on May 25, 2022 By Oliver Knight

Venture Capital firm Andreessen Horowitz has announced a $4.5 billion fund to focus on crypto and Web 3.

Business, Digital Currency

WEF 2022, May 25: Latest updates from the Cointelegraph Davos team

Posted on May 25, 2022 By Cointelegraph By Prashant Jha

The fourth day of WEF 2022 will see key people from the industry discuss the journey of crypto investors.

Digital Currency, News

Ariva Celebrates 1st Year Anniversary With Impressive Achievements in the Blockchain Industry

Posted on May 25, 2022 By Bitcoin.com Media

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 […]

Digital Currency, News

MetaKings Raises $15M to Launch Web 3 Strategy Game Blocklords

Posted on May 25, 2022 By Brandy Betz

The medieval strategy-based massively multiplayer online (MMO) game is expected to debut next year.

Business, Digital Currency

Bitcoin ‘finally’ due for $32.8K as long-term BTC price metric flashes overvalued

Posted on May 25, 2022 By Cointelegraph By William Suberg

An uptick to two-week highs is on the cards but longer timeframes still trouble Bitcoin analysis.

Digital Currency, News

Terra community litigation fund’s details raise ‘red flags’

Posted on May 25, 2022 By Samuel Wan

@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.

Digital Currency, News

WEF 2022: Satoshi Nakamoto could be a woman, says Meta VP Nicola Mendelsohn

Posted on May 25, 2022 By Cointelegraph By Prashant Jha

GBBC CEO highlighted the need for women’s representation on the crypto trading side and claimed “Bro culture” is prevalent in the trading ecosystem.

Digital Currency, News

Terra Snapshot Expected This Week. Here’s How ‘New’ Luna Will Be Distributed

Posted on May 25, 2022 By Shaurya Malwa

The supply of tokens on the new blockchain will be just over 116 million, developers said.

Digital Currency

Argentinian Cryptocurrency Exchange Buenbit Announces Staff Layoffs

Posted on May 25, 2022 By Sergio Goschenko

buenbitBuenbit, 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 […]

Digital Currency, News

Exchanges show initial support to Terra revival by listing new LUNA token

Posted on May 25, 2022 By Cointelegraph By Helen Partz

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.

Digital Currency, News

Inside GameFi: A deep look at the fast-growing, play-to-earn crypto sector

Posted on May 25, 2022 By Andjela Radmilac

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.

Digital Currency, News

NFT owners reminded to be vigilant after 29 Moonbirds were stolen by clicking a bad link

Posted on May 25, 2022 By Cointelegraph By Arnold Kirimi

A malicious link netted a scammer $1.5 million worth of Moonbird NFTs from a Proof Collective member.

Digital Currency, News

Dept. of Finance Proposes Crypto Tax by 2024 in the Philippines

Posted on May 25, 2022 By Michael Mislos

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.

Digital Currency, News

Google seeks fresh talent to lead global Web3 team

Posted on May 25, 2022 By Cointelegraph By Arijit Sarkar

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.

Digital Currency, News

ECB Survey Finds 10% of Eurozone Households Own Crypto Assets

Posted on May 25, 2022 By Lubomir Tassev

ECB Survey Finds 10% of Eurozone Households Own Crypto AssetsOne 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 […]

Digital Currency, News

Central African Republic wants to launch Africa’s first legal Bitcoin investment platform

Posted on May 25, 2022 By Oluwapelumi Adejumo

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.

Digital Currency, News

Crypto Asset Managers Chase Yield With New Investment Products

Posted on May 25, 2022 By Danny Nelson

A cocktail of high inflation and cash-hungry crypto firms are prompting fund issuers like Bitwise and 21Shares to get creative.

Business, Digital Currency

Bitcoin․com’s Director of Engineering Answers Verse Questions in AMA

Posted on May 25, 2022 By Bitcoin.com

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 […]

Digital Currency, News

Blockstream dreams up a whole new type of multisig called ROAST

Posted on May 25, 2022 By Cointelegraph By Brian Quarmby

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).

Digital Currency, News

OpenEthereum support ends with the Merge fast approaching

Posted on May 25, 2022 By Cointelegraph By Jesse Coghlan

“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.”

Digital Currency, News

South Korea to tighten scrutiny of exchanges after Terra LUNA collapse

Posted on May 25, 2022 By Monica Noronha

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.

Digital Currency, News

Wework Co-Founder Adam Neumann’s Crypto Project Secures $70M, Funding Round Led by A16z

Posted on May 25, 2022 By Jamie Redman

Wework Co-Founder Adam Neumann's Crypto Project Secures $70M, Funding Round Led by A16zThe 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 […]

Digital Currency, News

TA: Ethereum Forms Bullish Pattern But This Level Is Crucial

Posted on May 25, 2022 By Aayush Jindal

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…

Digital Currency, News

‘Code is not law’: Seth Green thief stole Bored Apes, not the rights say experts

Posted on May 25, 2022 By Cointelegraph By Brian Newar

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.

Digital Currency, News

Cornucopias: A Revolutionary Cardano Blockchain Project That Is Redefining the Gaming Metaverse Industry

Posted on May 25, 2022 By Bitcoin.com Media

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 […]

Digital Currency, News

5 Up-and-Coming DOGE Projects that Might be Worth Your Money

Posted on May 25, 2022 By Mark Hampton

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…

Digital Currency, News

WeWork founder reinvents himself with $70M crypto carbon credit platform

Posted on May 25, 2022 By Cointelegraph By Philip Wu

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.

Digital Currency, News

Learn and Earn YGG

Posted on May 25, 2022 By coinsph

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 […]

The post Learn and Earn YGG appeared first on Coins.ph.

Digital Currency, Tips and Guides

Its pay out time for DeFi insurance

Posted on May 25, 2022 By Liam 'Akiba' Wright

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.

Digital Currency, News

How FilipinasNFT Empowers Women in the Philippine Crypto Art and NFT Space

Posted on May 25, 2022 By Shiela Bertillo

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.

Digital Currency, News

Bank of England’s Andrew Bailey Warns Bitcoin Has No Intrinsic Value, Not a Practical Means of Payment

Posted on May 25, 2022 By Kevin Helms

Bank of England's Andrew Bailey Warns Bitcoin Has No Intrinsic Value, Not a Practical Means of PaymentThe 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 […]

Digital Currency, News

TA: Bitcoin Price Moves Higher In Range, $30.6K Still Presents Resistance

Posted on May 25, 2022 By Aayush Jindal

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…

Digital Currency, News

E-Sabong Crypto? 12 ‘E-Sabong’ Sites Using Crypto as Bets, PNP Discovers

Posted on May 25, 2022 By Nath Cajuday

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.

Digital Currency, News

Uniswap breaks $1T in volume — but has only been used by 3.9M addresses

Posted on May 25, 2022 By Cointelegraph By Brian Quarmby

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.

Digital Currency, News

Bitcoin Rejects Downside At $29k, Here’s Why This Is Good

Posted on May 25, 2022 By Anifowoshe Ibrahim

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…

Digital Currency, News

Could GameFi and carbon currencies reverse blockchain’s climate stigma?

Posted on May 25, 2022 By Cointelegraph By Brian Newar

Toucan Protocol’s Rob Schmitt believes blockchain gaming could have a much better environmental reputation if games integrated carbon offsets.

Digital Currency, News

Cryptosat’s first nanosatellite blasts off Wednesday on SpaceX rocket

Posted on May 25, 2022 By Cointelegraph By Jesse Coghlan

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.

Digital Currency, News

Guggenheim’s Scott Minerd Sees a Lot More Downside to Crypto Market — Predicts Bitcoin Could Fall to $8K

Posted on May 25, 2022 By Kevin Helms

Guggenheim's Scott Minerd Sees a Lot More Downside to Crypto Market — Predicts Bitcoin Could Fall to $8KGuggenheim 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 […]

Digital Currency, News

New Luna 2.0 blockchain will not be a fork of Luna Classic

Posted on May 25, 2022 By Liam 'Akiba' Wright

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.

Digital Currency, News

Sam Bankman-Fried could spend up to $1B in 2024 to thwart Trump comeback

Posted on May 25, 2022 By Cointelegraph By Jesse Coghlan

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.”

Digital Currency, News

Oil prices climb on prospects for tighter supply as demand rises

Posted on May 25, 2022 By TradingView

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…

Digital Currency, Forex, News, Stock Market

Brazil’s GPA says share buyback program approved for Exito shareholders

Posted on May 25, 2022 By TradingView

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…

Digital Currency, Forex, News, Stock Market

Tokyo’s Nikkei share average opens down 0.14 pct

Posted on May 25, 2022 By TradingView

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.

Digital Currency, Forex, News, Stock Market

Japan maintains economic assessment in May report

Posted on May 24, 2022 By TradingView

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…

Digital Currency, Forex, News, Stock Market

Japan maintains economic assessment in May report

Posted on May 24, 2022 By TradingView

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…

Digital Currency, Forex, News, Stock Market

First Mover Asia: Bitcoin Dominates but Altcoins Lurk

Posted on May 24, 2022 By Sam Reynolds, Damanick Dantes, James Rubin

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.

Digital Currency

LUNA Investor Arrested for Knocking on Do Kwon’s Door After Losing $2.4 Million in Terra Crash

Posted on May 24, 2022 By Kevin Helms

LUNA Investor Arrested for Knocking on Do Kwon's Door After Losing $2.4 Million in Terra CrashA 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 […]

Digital Currency, News

Investors furious after LUNA profits removed following “glitch” on Woo X Exchange

Posted on May 24, 2022 By Liam 'Akiba' Wright

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.

Digital Currency, News

Hardware Wallet D’CENT Offers Multiple Ways Which Can Help Users Bypass Crypto Exchanges

Posted on May 24, 2022 By Bitcoin.com Media

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 […]

Digital Currency, News

Institutional Investors Seek Safe Haven In Crypto Products Amid Market Uncertainty

Posted on May 24, 2022 By Best Owie

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…

Digital Currency, News

Investors May Expect Downside For Bitcoin And Ethereum Market For The Next 3 Months

Posted on May 24, 2022 By Anifowoshe Ibrahim

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 …

Digital Currency, News

Mastercard CEO Teases CBDC Panel: SWIFT May Not Exist in 5 Years

Posted on May 24, 2022 By Helene Braun

Mastercard CEO Michael Miebach spoke on a panel about the future of cross-border payments and CBDCs at the World Economic Forum in Davos.

Business, Digital Currency

Web 3 Education Platform Pitches ‘Earn While You Learn’ to Business Executives

Posted on May 24, 2022 By Cameron Thompson

Crypto author Shelly Palmer is venturing deeper into education with Metacademy.xyz.

Business, Digital Currency

Tether ‘Transparency Is Needed’ Following Terra’s UST Collapse: Analyst

Posted on May 24, 2022 By Fran Velasquez

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.

Digital Currency

GameStop rolls out web3 wallet for crypto, NFTs

Posted on May 24, 2022 By Jinia Shawdagor

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.

Digital Currency, News

Acquiring a Home With Bitcoin — A Deep Dive Into the Latest Crypto-Backed Mortgage Trend

Posted on May 24, 2022 By Jamie Redman

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 […]

Digital Currency, News

Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates

Posted on May 24, 2022 By Cointelegraph By Jordan Finneseth

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.”

Digital Currency, News

OCC Chief Hsu: Crypto Industry Has Unhealthy ‘Dependency on Hype’

Posted on May 24, 2022 By Jesse Hamilton

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.

Digital Currency

Bitcoin Price Could Fall To $8,000, Says Guggenheim CIO

Posted on May 24, 2022 By Naveed Iqbal

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

Digital Currency, News

How Web 3 Changes Philanthropy

Posted on May 24, 2022 By Rhys Lindmark

>>> Read the full story at CoinDesk

Digital Currency

Market Wrap: Cryptos Decline Amid Bearish Sentiment

Posted on May 24, 2022 By Damanick Dantes, Krisztian Sandor

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.

Digital Currency

ECB: One in ten households in eurozone population centers now own cryptocurrency

Posted on May 24, 2022 By Cointelegraph By Zhiyuan Sun

The survey took place in the EU’s major economic areas such as France, Germany, Italy, Spain, Belgium, and the Netherlands.

Digital Currency, News

Weak stocks and declining DeFi use continue to weigh on Ethereum price

Posted on May 24, 2022 By Cointelegraph By Marcel Pechman

Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000.

Digital Currency, News

FTX’s Bankman-Fried Is Already a Political Mega-Donor. He’s Doubling Down

Posted on May 24, 2022 By Cameron Thompson

The CEO of FTX is ready to spend hundreds of millions of dollars in U.S. political campaigns.

Digital Currency

Exchange argentino Buenbit reduce 45% de su personal por recesión en la industria tecnológica

Posted on May 24, 2022 By Andrés Engler

La empresa se enfocará en sus operaciones actuales en Argentina, México y Perú, y pondrá freno al plan de expansión a otros países.

Business, Digital Currency

U.S. Senators Lummis and Gillibrand Set to Propose Crypto Oversight Bill Next Month

Posted on May 24, 2022 By Jesse Hamilton

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.

Digital Currency

What are the implications if Bitcoin is treated as a commodity?

Posted on May 24, 2022 By Samuel Wan

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.

Digital Currency, News

WEF 2022: Web3 no longer just about crypto and DeFi, says Polkadot founder Gavin Wood

Posted on May 24, 2022 By Cointelegraph By Sam Bourgi

Blockchain startups building for the Web3 economy have attracted billions of dollars in venture capital funding this year alone.

Digital Currency, News

LUNA’s Ghost Haunts ‘Permissionless’ Crypto Conference

Posted on May 24, 2022 By Tracy Wang

At the first industry conference since Terra’s $40 billion collapse, companies and investors say crypto could face a more uncertain future.

Business, Digital Currency

Stripe Partners With OpenNode to Allow Instant Fiat-to-Bitcoin Conversions for Businesses

Posted on May 24, 2022 By Michael Bellusci

The new OpenNode app will launch on the Stripe App Marketplace in coming weeks.

Business, Digital Currency

Guggenheim’s Minerd Says Bitcoin Will Drop to $8K. We Checked His Record

Posted on May 24, 2022 By Bradley Keoun

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.

Digital Currency

Billionaire Ray Dalio Speaks in Davos — Says ‘Blockchain Is Great, but Let’s Call It Digital Gold’

Posted on May 24, 2022 By Jamie Redman

Billionaire Ray Dalio Speaks in Davos — Says 'Blockchain Is Great, but Let’s Call It a 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 […]

Digital Currency, News

Bitcoin Is Apolitical, but Won’t Be Much Longer

Posted on May 24, 2022 By Daniel Kuhn

>>> Read the full story at CoinDesk

Digital Currency

Exploring the Star Atlas Metaverse

Posted on May 24, 2022 By Sage D. Young

A review on the space-themed, multiplayer gaming metaverse based on the Solana blockchain.

Digital Currency

Mercado Bitcoin partners with Stellar to create MVP for Brazilian CBDC

Posted on May 24, 2022 By Cointelegraph By Cassio Gusson

Cryptocurrency companies unite to create use cases for Brazil’s CBDC with central bank approval.

Digital Currency, News

Argentinian Crypto Exchange Buenbit Cuts 45% of Staff Due to Tech Industry Downturn

Posted on May 24, 2022 By Andrés Engler

The company will focus on its current operations in Argentina, Mexico and Peru, and freeze previous plans to expand into other countries.

Business, Digital Currency

Bitcoin Rangebound; Support at $27K, Resistance at $33K

Posted on May 24, 2022 By Damanick Dantes

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.

Digital Currency

WEF 2022: Trust and clarity are missing in discussions of carbon emissions and crypto

Posted on May 24, 2022 By Cointelegraph By Derek Andersen

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.

Digital Currency, News

This DEX dwarfs the competition by number of users

Posted on May 24, 2022 By Samuel Wan

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.

Digital Currency, News

This DEX dwarfs the competition by number of users

Posted on May 24, 2022 By Samuel Wan

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.

Digital Currency, News

How Do You Value Metaverse Projects? We Tried. Here’s What We Found

Posted on May 24, 2022 By George Kaloudis

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.

Digital Currency

More Downside Ahead for Bitcoin, Says Top Valkyrie Analyst

Posted on May 24, 2022 By Fran Velasquez

“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.

Digital Currency

How Ethereum’s Uniswap Reached A Milestone Of $1 Trillion In Trading Volume

Posted on May 24, 2022 By Reynaldo Marquez

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.

Digital Currency, News

Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price

Posted on May 24, 2022 By Cointelegraph By Jon Morgan

Solana continues to consolidate near the critical $50 price range, while bulls have begun to flirt with the idea of a possible upswing.

Digital Currency, News

Russian Court Recognizes Cryptocurrency as Means of Payment, Prosecutors See Precedent

Posted on May 24, 2022 By Lubomir Tassev

Russian Court Recognizes Cryptocurrency as Means of Payment, Prosecutors See PrecedentThe 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 […]

Digital Currency, News

Bitcoin, Gold and Bonds could dominate 2022 – Bloomberg Intelligence

Posted on May 24, 2022 By Liam 'Akiba' Wright

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.

Digital Currency, News

DeFi Trading Hub Uniswap Surpasses $1T in Lifetime Volume

Posted on May 24, 2022 By Cameron Thompson

Uniswap’s milestone comes as the decentralized exchange continues its march across Web 3.

Business, Digital Currency

Bitcoin, Ethereum Exchange Inflows Suggest Sell-Offs Are Far From Over

Posted on May 24, 2022 By Best Owie

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…

Digital Currency, News

Crypto funds under management drop to a low not seen since July 2021

Posted on May 24, 2022 By Cointelegraph By Jordan Finneseth

Outflows from digital asset funds reached $141 million last week, a figure not seen since July 2021.

Digital Currency, News

How to Buy Loopring [The Ultimate Guide 2022]

Posted on May 24, 2022 By Adam Mcloughlin

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…

Digital Currency, News

Bitcoin registra ocho semanas de pérdidas, pero el indicador de sentimiento sugiere un alza

Posted on May 24, 2022 By Shaurya Malwa

Los indicadores de sentimiento tocaron fondo el lunes.

Digital Currency

Biggest Movers: SOL, NEAR Fall Over 10% During Tuesday’s Session

Posted on May 24, 2022 By Eliman Dambell

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 […]

Digital Currency, News

Bitcoin, Ethereum lead outflows as crypto investments see red week

Posted on May 24, 2022 By Oluwapelumi Adejumo

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.

Digital Currency, News

Bitcoin price returns to weekly lows under $29K as Nasdaq leads fresh US stocks dive

Posted on May 24, 2022 By Cointelegraph By William Suberg

BTC price action remains at the mercy of equities performance at the Wall Street open.

Digital Currency, News

Milady NFT Prices Tumble After Creator Doxxes Self as Person Behind Controversial ‘Miya’

Posted on May 24, 2022 By Shaurya Malwa

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.

Digital Currency

Enforcement and adoption: What do UK’s recent regulatory aims for crypto mean?

Posted on May 24, 2022 By Cointelegraph By David Attlee

British regulators intend to amplify the enforcement of crypto and make stablecoins a payment method.

Digital Currency, News

Will $26B staked in ETH 2.0 be unlocked and sold after the merge?

Posted on May 24, 2022 By Liam 'Akiba' Wright

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.

Digital Currency, News

Bitcoin, Ethereum Technical Analysis: ETH Back Under $2,000 as Balenciaga Gains Lose Steam

Posted on May 24, 2022 By Eliman Dambell

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 […]

Digital Currency, News

Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level

Posted on May 24, 2022 By Cointelegraph By William Suberg

The current worst case scenario involves a 28% wick below the 200-week moving average, one theory suggests.

Digital Currency, News

South Korean Authorities Look to More Closely Scrutinize Exchanges Following Terra Meltdown: Report

Posted on May 24, 2022 By Jamie Crawley

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.

Digital Currency

First Mover Americas: TRON Outperforms BTC and Crypto Takes a Lead Role at Davos

Posted on May 24, 2022 By Lyllah Ledesma, Sandali Handagama, Helene Braun

The latest moves in crypto markets in context for May 24, 2022.

Business, Digital Currency

WEF 2022: Bitcoin should be seen from an innovation perspective, says Miami mayor

Posted on May 24, 2022 By Cointelegraph By Prashant Jha

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.

Digital Currency, News

STEPN’s GMT Token Supported by Alchemy Pay for Real-World Spending

Posted on May 24, 2022 By Bitcoin.com Media

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 […]

Digital Currency, News

Living as NFTs in the Metaverse

Posted on May 24, 2022 By Tom Graham

>>> Read the full story at CoinDesk

Digital Currency

WEF 2022: Blockchain community breaks stereotypes at Davos

Posted on May 24, 2022 By Cointelegraph By Ezra Reguerra

Soramitsu CEO Makoto Takemiya described blockchain companies as the “barbarians at the gate,” storming the World Economic Forum 2022.

Digital Currency, News

Central African Republic to launch official crypto hub ‘Sango’

Posted on May 24, 2022 By Cointelegraph By Helen Partz

The Central African Republic prepares to launch its first major crypto hub shortly after the National Assembly adopted Bitcoin as legal tender.

Digital Currency, News

Posts navigation

1 2 … 168 Next

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$29,557.00
0.95%
ethereum
Ethereum (ETH)
$1,958.08
-0.34%
tether
Tether (USDT)
$1.00
0.04%
binancecoin
BNB (BNB)
$326.77
1.08%
ripple
XRP (XRP)
$0.403790
0.05%
cardano
Cardano (ADA)
$0.51
-0.36%
Solana
Solana (SOL)
$48.08
-2.46%
Shiba Inu
Shiba Inu (SHIB)
$0.000012
-0.44%
Uniswap
Uniswap (UNI)
$5.46
-2.68%

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