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  • Injective partners with Wormhole to bring 10 new blockchains to the platform
    Cointelegraph.com News - 9 hours ago
    “Users will soon find Wormhole integrated into the backend of the Injective Bridge whereby transferring assets from distinct EVM chains or Solana can be done with the click of a button,” Injective Labs stated. Decentralized finance (DeFi) protocol Injective (INJ) has partnered with Wormhole to integrate “10 new blockchains” to its network. Injective is a Cosmos layer-2 decentralized exchange (DEX) that offers derivatives, token swaps and sports betting prediction markets. It is also focused on interoperability via cross-chain bridging, and currently supports digital assets from Ethereum, Polkadot and IBC-enabled chains such as Cosmos. Injective Labs, the protocol’s developers, noted in…
  • InsurAce says it will pay millions to claimants after Terra's collapse
    Cointelegraph.com News - 9 hours ago
    DeFi insurance protocol InsurAce took heat from the community for suddenly shortening its claims period for Terra-related insurance claims, but is already set to pay out $11 million to claimants. DeFi insurance protocol InsurAce says it was well within its rights to reduce the claims period for people affected by the Terra USD (UST) depeg event from 15 days to seven — but added it has already processed nearly all 173 submitted claims and will pay out $11 million.InsurAce (INSUR) is the third largest insurance provider for decentralized finance (DeFi) protocols, with a market cap of $15 million.On May 13,…
  • World Bank won’t support Central African Republic’s Sango crypto hub
    Cointelegraph.com News - 9 hours ago
    The World Bank has said “it will be physically impossible” for the lender to fund the planned Sango crypto hub and voiced concerns regarding the country’s adoption of Bitcoin. The World Bank has signalled its concerns over the Central African Republic (CAR) adopting Bitcoin (BTC) as a legal currency and says it won’t support the newly announced “Sango” crypto hub.At the end of April CAR president Faustin-Archange Touadéra established a regulatory framework for cryptocurrency in the country and adopted Bitcoin as a legal tender. On May 24 he announced a plan to launch the country’s first crypto hub called “Sango”.Sango…
  • Ethereum Beacon Chain experiences 7 block reorg: What's going on?
    Cointelegraph.com News - 12 hours ago
    “This reorg is not an indicator of a flawed fork choice, but a non-trivial segmentation of updated vs out of date client software” suggested Core Ethereum developer Preston Van Loon. Ahead of the Merge tentatively penciled in for August, Ethereum’s Beacon Chain experienced a seven-block reorganization (reorg) yesterday. According to data from Beacon Scan, on May 25 seven blocks from number 3,887,075 to 3,887,081 were knocked out of the Beacon Chain between 08:55:23 to 08:56:35 AM UTC. The term reorg refers to an event in which a block that was part of the canonical chain, such as the Beacon Chain,…
  • Developing countries love the Metaverse, rich nations not keen: WEF survey
    Cointelegraph.com News - 12 hours ago
    Developing countries have more than double the amount of people positive that the Metaverse will impact their lives and they’d use it daily in comparison to developed countries. Excitement for the Metaverse and virtual or augmented reality (VR/AR) is much greater in developing countries than in high-income countries according to a survey conducted for the World Economic Forum (WEF).Market research firm Ipsos released the results of the survey on May 25 showing the concept is now widely recognized: 52% of more than 21,000 adults surveyed across 29 countries are familiar with the Metaverse and 50% have positive feelings about engaging…
  • Nvidia shares plunge after Q1 figures, crypto mining card revenue 'nominal'
    Cointelegraph.com News - 12 hours ago
    Graphics card giant Nvidia reported “nominal” sales of its crypto mining chips and expects overall revenues to be down in Q2, which drove down its share price. American graphics card manufacturer Nvidia’s stock price tumbled in after hours trading on Thursday because the revenue outlook for Q2 has fallen short of expectations.Quarterly growth from Q4 2021 to Q1 2022 was strong with an 8% increase in revenue to $8.98 billion and 3% increase in earnings per share to $1.36. It also stated it would continue a $15 billion share buyback program through the end of 2023 according to the filing…
  • ‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal
    Cointelegraph.com News - 17 hours ago
    Sideways crypto price action persists as the Federal Reserve confirms its plan to continue raising interest rates, but analysts spot a silver lining. The cryptocurrency market settled into a holding pattern on May 25 after traders opted to sit on the sidelines ahead of the midday Federal Open Market Committee (FOMC) meeting where the Federal Reserve signaled that it intends to continue on its path of raising interest rates. According to data from Alternative.me, the Fear and Greed Index seeing its longest run of extreme fear since the market crash in Mach 2020.Crypto Fear & Greed Index. Source: AlternativeData from…
  • Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable
    Cointelegraph.com News - 17 hours ago
    The discussion of FTX.US’s proposal for non-intermediated margined products clearing highlighted unknown factors and need for more regulatory framework. FTX CEO Sam Bankman-Fried did a lot of talking at the United States Commodity Futures Trading Commission (CFTC) staff roundtable on non-intermediation Wednesday. He fielded questions and issues from 31 industry professionals about the FTX.US application to offer clearing of margined products, including crypto-based products, without a futures commission merchant (FCM) intermediary. Many participants felt the need to mention their devotion to innovation and declared that they do not see the proposed new technology as an “us versus them” situation. Joe Cisewski…
  • Polkadot parachains spike after the launch of a $250M aUSD stablecoin fund
    Cointelegraph.com News - 18 hours ago
    Polkadot parachains posted double-digit gains after partnership announcements, protocol integrations and a stablecoin development fund caught the attention of the crypto investors. Crypto prices have been exploring new lows for weeks and currently it’s unclear what it will take to reverse the trend. Despite the downtrend, cryptocurrencies within the Polkadot (DOT) ecosystem began to rally on May 24 and have managed to maintain gains ranging from 10% to 25%, a possible sign that certain sub-sectors of the market are on the verge of a breakout.Here’s a look at three Polkadot ecosystem protocols that have seen their token prices trend higher…
  • Brazil's Federal Revenue now requires citizens to pay taxes on like-kind crypto trades
    Cointelegraph.com News - 18 hours ago
    The Federal Revenue of Brazil wants investors to pay taxes on cryptocurrency trading profits, even if there is no exchange for Brazil’s national currency. Brazil’s Federal Reserve (RFB) has declared that Brazilian investors in the crypto-asset market must pay income tax on transactions that involve the like-kind exchange of cryptocurrencies; for example, Bitcoin (BTC) for Ethereum (ETH).The RFB’s declaration was published in the Diário Oficial da União and was the result of a consultation made by a citizen of the country to the regulator. At the end of last year, the group issued an opinion in which it claimed that trading…
  • Binance signs MOU with Kazakhstan to further crypto adoption and regulation
    Cointelegraph.com News - 19 hours ago
    Binance CEO Changpeng Zhao met with Kazakhstan’s president and his senior staff on Wednesday to discuss long-term cooperation. Cryptocurrency exchange Binance has signed a memorandum of understanding, or MOU, with the government of Kazakhstan to bolster “virtual asset market development” in the central Asian country. The signing of the MOU, which is between Binance and Kazakhstan’s Ministry of Digital Development, Innovations and Aerospace Industry, took place on Wednesday during Changpang Zhao’s official visit to the country. The Binance CEO met with Kazakh President Kassym-Jomart Tokayev, First Deputy Chief of Staff Timur Suleimenov and Bagdat Musin, the minister overseeing the country’s digital…
  • Price analysis 5/25: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
    Cointelegraph.com News - 19 hours ago
    Bitcoin and the major altcoins remain stuck in a range as traders search for the next factor that will start a directional move. Bitcoin (BTC) has been struggling to sustain above $30,800 since May 16, suggesting that demand dries up at higher levels. Similarly, U.S. equity markets have not ceased to decline due to uncertainty regarding the number of rate hikes that will be needed to bring inflation under control. As the crypto bear market deepens, analysts are becoming extra bearish on their projections for the extent of the fall. Trader and analyst Rekt Capital said that Bitcoin could be at…
  • JPMorgan places BTC fair price at $38K, declares crypto a preferred alternative asset
    Cointelegraph.com News - 19 hours ago
    The banking giant says Terra’s collapse did not appear to harm the VC market, and things will be looking up for crypto as long as VC stays in. JPMorgan has placed Bitcoin’s (BTC) fair price at $38,000, which is 28% higher than its current level of around $29,500, according to a note the bank issued to clients on Wednesday. “The past month’s crypto market correction looks more like capitulation relative to last January/February and going forward we see upside for Bitcoin and crypto markets more generally,” the note said. Bank strategist Nikolaos Panigirtzoglou was the lead author of that document.A…
  • Bitcoin creeps toward $30K, but data shows bears in favor for Friday’s $1.8B BTC options expiry
    Cointelegraph.com News - 20 hours ago
    Traders are calling for a “relief rally” to $35,000, but derivatives data shows bears stand to profit from this week’s $1.81 billion BTC options expiry. Bitcoin (BTC) price has been unable to close above $32,000 for the past fifteen days and is currently down 37% year-to-date. Although that might seem excessive, it does not stand out among some of the largest U.S.-listed tech companies that have also sustained notable losses recently. In this same 15-day period, Shopify Inc. (SHOP) stock dropped 76%, Snap Inc. (SNAP) crashed 73%, Netflix (NFLX) is down 70% and Cloudflare (NET) presented a negative 62% performance. Cryptocurrency…
  • Scott Minerd says Bitcoin price will drop to $8K, but technical analysis says otherwise
    Cointelegraph.com News - 20 hours ago
    BTC price could be poised for a big bounce despite Minerd’s prediction that price will drop to $8,000. Bitcoin (BTC) is predicted to drop more than 70% to the $8,000 value area, according to comments by Guggenheim chief investment officer Scott Minerd. This is not the first time he has made a bearish call, and he has, in the past, made bullish calls as well. However, Minerd’s more recent calls have occurred just before major reversals. Scott Minerd BTC price calls:- $600k at $60k → went to $30k.- $10k at $30k → price to $65k.- $8k at $30k (again) → TBD.…
  • Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil
    Cointelegraph.com News - 21 hours ago
    The new investment vehicle will focus on early-stage ideas as well as projects that are more mature and have already shown some traction. Even though crypto markets appear to be on a long, arduous path ahead based on recent weeks of token turmoil, venture investors looking to get their hands on a Web3 future aren’t slowing down.On Wednesday, venture capital giant, A16Z, announced closing its fourth cryptocurrency fund at $4.5 billion. This brings the total money invested by Andreessen Horowitz in digital currency and blockchain business to more than $7.6 billion.The new investment vehicle will focus on early-stage ideas as…
  • Tax guidelines for crypto mining pass the first reading in Kazakhstan
    Cointelegraph.com News - 22 hours ago
    The gradual scale would impose the highest taxes on the cheapest electricity sources. Kazakhstan, one of the global leaders in crypto mining with a recent history of hostile measures against the industry, is taking a step toward a comprehensive fiscal framework for mining operators. On Thursday, May 25, the lower chamber of Kazakh parliament, Mejlis, passed in the first reading the amendments to the national tax code, regulating the fiscal burden on crypto mining. These amendments suggest graded tax rates tied to the electricity prices consumed by mining entities. For example, the cheapest grade of electricity prices, 5 to 10 tenges…
  • Cryptopedia: Learn the concepts behind stablecoins and how they work
    Cointelegraph.com News - 23 hours ago
    Cointelegraph breaks down stablecoins and how they give users a way to safely store their assets without worrying about depreciation. Cointelegraph’s director of video production Jackson DuMont dissected stablecoins in the latest episode of Cryptopedia. DuMont also explored and explained algorithmic stablecoins and the recent incident involving the TerraUSD (UST) and why it was unable to maintain its dollar peg. DuMont defined stablecoins as “a crypto whose value is tied to an outside asset such as the United States Dollar (USD).” According to DuMont, stablecoins are very vital to the crypto industry as they provide users with the ability to store…
  • Singapore venture firm launches $100M Web3 and metaverse fund
    Cointelegraph.com News - 23 hours ago
    The startup fund, which is backed by Babel Finance and Huobi Ventures, will back emerging projects that are building for the Web3 and metaverse economies. Crypto-focused venture firm NGC Ventures has launched a new ecosystem fund dedicated to Web3 projects, underscoring heightened investor demand for startups that are contributing to the development of a decentralized internet. NGC Metaverse Ventures, the company’s third blockchain fund, raised $100 million from investors that included Babel Finance, Huobi Ventures, Nexo Ventures, Altonomy and GBIC. The fund will allocate capital towards “high-potential projects” in the Web3 economy, according to Roger Lim, NGC Ventures’ general partner. The…
  • Crypto is changing how humanitarian agencies deliver aid and services
    Cointelegraph.com News - 1 day ago
    The primary use case for cryptocurrency in most wealthy countries is acquiring it and holding it, trading it, or using it in various other ways to make more money. In the developing world, where access to financial and banking systems is limited or nonexistent, innovative humanitarian organizations are piloting micro-blockchain ecosystems.In the summer of 2021, Hope for Haiti was ready to launch a cryptocurrency pilot program to provide 150 mothers with cellphones, digital wallets and payment cards that use near-field communication technology. Each mom participating in its community nutrition program was set to receive $50 per month in cUSD for…
  • GPU prices are still on a decline: Is Bitcoin’s sorrow gamers’ joy?
    Cointelegraph.com News - 1 day ago
    Times are hard for Bitcoin and other cryptocurrencies, but gamers are in luck, as GPU prices are now more affordable. The prices of graphics processing units (GPUs), also known as graphics cards, are undoubtedly still a far cry from the manufacturer’s suggested retail price (MSRP). However, they aren’t what they used to be either, especially considering what GPU prices looked like just a year ago.For instance, the price of a GPU from Nvidia GeForce RTX 30-series is 14% over its MSRP, according to reports from 3D Center. Whereas AMD’s Radeon RX 6000 is up 7% from its MSRP from April…
  • StarkWare nets $100M as investors bank on layer-2 success
    Cointelegraph.com News - 1 day ago
    Ethereum layer-2 developer StarkWare raises a further $100 million despite a gloomy outlook for the cryptocurrency space. Ethereum (ETH) layer-2 developer StarkWare has raised a further $100 million in its latest fundraising round despite the prevailing downturn in cryptocurrency markets.StarkWare’s series D fundraising round sees the firm’s valuation up to $8 billion, marking a four-fold increase in value just six months after its Series C round in November 2021. Tech investment firm Greenoaks Capital led the latest fundraising round in addition to private equity firm Coatue, Tiger Global and other investors.StarkWare has established itself as a major player in the…
  • Ideas vs. practice: How are regulators working together on crypto?
    Cointelegraph.com News - 1 day ago
    While the calls for globally coordinated regulation for cryptocurrencies is a noble effort, the practicality of the situation is far from ideal. The regulation of cryptocurrencies across the world is a constant battle for investors in a rapidly expanding and constantly changing ecosystem. Various regulatory agencies around the world view digital assets in a different light that vary significantly from one another.Recently, executive board member of the European Central Bank (ECB) Fabio Panetta mentioned in a written statement for a speech to Columbia University that regulators should follow a globally coordinated approach while regulating digital assets. He said that the world…
  • WEF 2022: NFT custody is ‘the missing piece’ for mainstream adoption, says Veritic CEO
    Cointelegraph.com News - 1 day ago
    Stephan Holzer argued that providing a simpler way to own NFTs can boost the mainstream adoption of the technology. On day four of the World Economic Forum 2022, there were presentations on nonfungible tokens (NFTs), with speakers sharing their takes on use cases and adoption. At Blockchain Hub Davos, Veritic CEO Stephan Holzer and Seal Storage Technology CEO Alex Altman spoke on the importance of NFTs, their role in society and how the community can attract the mainstream to use the technology. In his lecture, Holzer argued that simplifying access to NFTs may push mainstream adoption forward. According to the Veritic…
  • What is NFT staking and how to earn income from NFTs?
    Cointelegraph.com News - 1 day ago
    NFTs are tokenized assets that can be staked and maintained securely on NFT staking platforms. We all know about staking cryptocurrencies, whereby you make a return on your investment. Nowadays, you can also make money by staking your nonfungible tokens (NFTs)! By staking your nonfungible tokens (NFTs) on NFT staking platforms, you can make additional returns on your investment. NFTs have become even more attractive due to this development.More and more people are looking for new ways to make money without having to work for it. Passive income used to be something wealthy people could get through the bank because…
  • Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote
    Cointelegraph.com News - 1 day ago
    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. The Korean Financial Supervisory Service (FSS) has announced that it will be standardizing the way in which virtual asset risks are assessed. According to a local news report, this is because it is currently tough to safeguard investors due to the many ways that risk is measured for each virtual asset exchange. While the FSS’s standardization efforts are still in their infancy, when a legal framework for…
  • Bitcoin price bottom signals flash as Fear and Greed Index matches March 2020 lows
    Cointelegraph.com News - 1 day ago
    On-chain indicators focusing on Bitcoin’s fair valuation and long-term holders’ sentiment also raise its prospects of bottoming out. Bitcoin (BTC) has fallen by over 67% in 2022 and is now wobbling between a tight trading range defined by $28,000 as interim support and $30,500 as interim resistance.The selloff appears in the wake of the Federal Reserve’s hawkish policy and the uncertainties in the crypto market led by Terra (LUNA), an algorithmic stablecoin project whose native token LUNA fell by 99% earlier in the month. Nonetheless, Bitcoin’s decline has somewhat cooled down as May draws to a close, leaving speculators with…
  • WEF 2022, May 25: Latest updates from the Cointelegraph Davos team
    Cointelegraph.com News - 1 day ago
    The fourth day of WEF 2022 will see key people from the industry discuss the journey of crypto investors. Disclaimer: This article is being updated all day long. All timestamps are in the UTC time zone, with updates in reverse order (the latest update is placed at the top).WEF 2022, the first in-person World Economic Forum event since the start of the COVID-19 pandemic, continues to bridge traditional finance with the future of money on its fourth day.The Cointelegraph ground team — including editor-in-chief Kristina L. Corner, head of video Jackson DuMont and news reporter Joseph Hall — is deployed…
  • Bitcoin 'finally' due for $32.8K as long-term BTC price metric flashes overvalued
    Cointelegraph.com News - 1 day ago
    An uptick to two-week highs is on the cards but longer timeframes still trouble Bitcoin analysis. Bitcoin (BTC) briefly returned to $30,000 before the May 25 Wall Street open as range adherence lingered.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: BTC should challenge 2-week highsData from Cointelegraph Markets Pro and TradingView showed BTC/USD managing to hit $30,189 on Bitstamp before consolidating back under the $30,000 mark. While appearing uninspiring at first glance, Bitcoin on low timeframes was a source of fresh interest for Cointelegraph contributor Michaël van de Poppe, who predicted a run to near $33,000 next.“Bitcoin broke through $29.4K and…
  • WEF 2022: Satoshi Nakamoto could be a woman, says Meta VP Nicola Mendelsohn
    Cointelegraph.com News - 1 day ago
    GBBC’s CEO also highlighted the need for female representation in crypto trading and claimed “bro culture” is prevalent. The fourth day of the ongoing World Economic Forum saw major discussion around the role of women in Web3 and how the decentralized ecosystem can be a place for inclusivity.Women are investing in crypto at half the rate of men. Join us at #WEF22 to hear about solutions we can implement to get women at the forefront of this digital revolution. @KristinaLCorner @sarahendline @Billwrightv @nicolamen @srolondon https://t.co/jBbiauzSWi pic.twitter.com/xWlhqv5p5m— The Female Quotient (@femalequotient) May 25, 2022 Cointelegraph editor-in-chief Kristina Lucrezia Cornèr moderated a…
  • Crypto Analyst Predicts for Rallies for Binance Coin (BNB), Solana (SOL) and One Additional Ethereum (ETH) Rival
    The Daily Hodl - 16 hours ago
    A popular altcoin trader is predicting rallies for Binance Coin (BNB) and two Ethereum (ETH) challengers including Solana (SOL). Pseudonymous crypto strategist Altcoin Sherpa tells his 176,000 Twitter followers that BNB, the utility token of crypto exchange Binance, is one of the strongest altcoins in the market right now. “BNB: Trade idea, wait for a […] The post Crypto Analyst Predicts for Rallies for Binance Coin (BNB), Solana (SOL) and One Additional Ethereum (ETH) Rival appeared first on The Daily Hodl.
  • Venture Capital Titan Andreessen Horowitz Launches Massive $4.5 Billion Crypto Fund Amid Bear Market
    The Daily Hodl - 16 hours ago
    A Silicon Valley-based investment firm is launching a massive $4.5 billion digital assets fund as crypto markets continue to see widespread stagnation. According to a new letter penned by Andreessen Horowitz general partner Chris Dixon, the venture capital giant is launching the latest fund because the world is entering into the “golden era” of Web […] The post Venture Capital Titan Andreessen Horowitz Launches Massive $4.5 Billion Crypto Fund Amid Bear Market appeared first on The Daily Hodl.
  • Top Analyst Predicts Huge Move for THORChain (RUNE), Says Extreme Volatility Approaching for Altcoin Market
    The Daily Hodl - 19 hours ago
    A popular crypto analyst is predicting more price drops for the already volatile altcoin markets. The pseudonymous crypto trader Capo tells his 318,700 Twitter followers he expects the prices of altcoins to fall in the coming days. “Everything points to another 40-50% drop in altcoins over the next few days. That should be the last […] The post Top Analyst Predicts Huge Move for THORChain (RUNE), Says Extreme Volatility Approaching for Altcoin Market appeared first on The Daily Hodl.
  • US Senator Pat Toomey Says Terra (LUNA) Investors May Have Been Defrauded: Report
    The Daily Hodl - 19 hours ago
    Republican Senator Pat Toomey of Pennsylvania says that investors of Ethereum challenger Terra (LUNA) and its algorithmic stablecoin TerraUSD (UST) may have been defrauded after both of the crypto projects collapsed earlier this month. In a new interview with Barron’s, Toomey says that the underlying mechanism designed to keep TerraUSD pegged to the dollar may […] The post US Senator Pat Toomey Says Terra (LUNA) Investors May Have Been Defrauded: Report appeared first on The Daily Hodl.
  • Crypto Exchange FTX Looking To Acquire Stock Trading Platform Amid Big Expansion: Report
    The Daily Hodl - 20 hours ago
    CNBC is reporting the world’s third-largest cryptocurrency exchange by volume, FTX, is targeting stock trading startups for acquisition. According to CNBC sources, FTX has approached at least three stock trading startups with a view of acquiring them. The report says the talks are at an early stage and no term sheets were signed. A term […] The post Crypto Exchange FTX Looking To Acquire Stock Trading Platform Amid Big Expansion: Report appeared first on The Daily Hodl.
  • Mass Adoption of Crypto Assets Is Coming, Predicts Mastercard Executive – Here’s His Time Frame
    The Daily Hodl - 20 hours ago
    A top-ranking executive at one of the leading credit card companies in the world is weighing on what it would take for the industry to adopt blockchain technology on a mass scale. In a new interview hosted by the Avalanche (AVAX) YouTube channel, the vice president of Mastercard Harold Bossé responds to the question of […] The post Mass Adoption of Crypto Assets Is Coming, Predicts Mastercard Executive – Here’s His Time Frame appeared first on The Daily Hodl.
  • Move-to-Earn Altcoin Explodes 146% in Seven Days As Bitcoin and Crypto Markets Move Sideways
    The Daily Hodl - 20 hours ago
    A lifestyle app that rewards users for participating in outdoor activities is seeing its newest token race up the charts. STEPN (GMT), a move-to-earn blockchain project that exploded by a staggering 20,000% after launching earlier this year, is now gaining even further momentum with the creation of a second digital asset on a different chain. […] The post Move-to-Earn Altcoin Explodes 146% in Seven Days As Bitcoin and Crypto Markets Move Sideways appeared first on The Daily Hodl.
  • Coinbase Wallet Adds BNB Chain and Avalanche (AVAX) Support, Allows Users To Trade Thousands of Crypto Assets
    The Daily Hodl - 22 hours ago
    Coinbase Wallet customers can now trade crypto assets on two new leading crypto networks. The self-custody wallet rolled out swaps for BNB Chain (BNB), formerly Binance Smart Chain, and Avalanche (AVAX) this week, adding to its existing support for Ethereum (ETH) and Polygon (MATIC). Coinbase Wallet says customers can swap thousands of tokens between the […] The post Coinbase Wallet Adds BNB Chain and Avalanche (AVAX) Support, Allows Users To Trade Thousands of Crypto Assets appeared first on The Daily Hodl.
  • Top Trader Says One Under-the-Radar Altcoin Set To Emerge As Winner of Terra (LUNA) Collapse
    The Daily Hodl - 1 day ago
    A closely tracked trader is naming one altcoin that he says can come out as the big winner following the crumbling of Terra (LUNA) and its algorithmic stablecoin TerraUSD (UST). Pseudonymous trader Light tells his 160,600 Twitter followers that Tron (TRX) and its algorithmic stablecoin Decentralized USD (USDD) are poised to fill the vacuum left […] The post Top Trader Says One Under-the-Radar Altcoin Set To Emerge As Winner of Terra (LUNA) Collapse appeared first on The Daily Hodl.
  • Large Ethereum Whales Accumulating Chainlink, Serum and Two Decentralized Finance Altcoins: On-Chain Data
    The Daily Hodl - 1 day ago
    The largest Ethereum (ETH) whales in the world are accumulating decentralized oracle network Chainlink (LINK) and several altcoins that prioritize decentralization. According to blockchain tracker WhaleStats, the top 100 Ethereum whales are currently most interested in a pair of stablecoins and over a half dozen altcoins, with Chainlink in sixth place and seeing an average […] The post Large Ethereum Whales Accumulating Chainlink, Serum and Two Decentralized Finance Altcoins: On-Chain Data appeared first on The Daily Hodl.
  • Ripple to Consider IPO Post-SEC Battle, Says CEO Brad Garlinghouse
    Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide - 9 hours ago
    The post Ripple to Consider IPO Post-SEC Battle, Says CEO Brad Garlinghouse appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide According to CNBC, Ripple Labs CEO Brad Garlinghouse stated at the World Economic Forum in Davos that the company will consider an IPO once the lawsuit with the Securities and Exchange Commission is resolved. Crypto firm Ripple will explore IPO after SEC lawsuit ends, CEO says : CNBC— *Walter Bloomberg (@DeItaone) May 25, 2022 The …
  • This is Why Tron(TRX) Will Emerge As a Clear Winner Amid Crypto Crash
    Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide - 9 hours ago
    The post This is Why Tron(TRX) Will Emerge As a Clear Winner Amid Crypto Crash appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide Following the collapse of Terra (LUNA) and its algorithmic stablecoin Terra USD, a closely followed trader has named one cryptocurrency that he believes will emerge as the big victor (UST). According to a  trader named Light, Tron (TRX) and its algorithmic stablecoin Decentralized USD are ready to fill the void left by Terra’s collapse. Because …
  • How To Create A Binance Sub-Account To Bypass Verification?
    Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide - 9 hours ago
    The post How To Create A Binance Sub-Account To Bypass Verification? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide Binance is the best and most popular crypto exchange with a user base of about 16,700,000 people in different parts of the world. The average trading volume on the exchange is $41,134,542,793 per day. In addition, Binance provides a huge number of trading tools that allow users to automate and improve the trading process. However, …
  • Here Is Why Polygon Comes Forwards To Aid Terra 2.0 Blockchain
    Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide - 12 hours ago
    The post Here Is Why Polygon Comes Forwards To Aid Terra 2.0 Blockchain appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide A new initiative could aid the town even more after the Terra revival plan was officially passed earlier on Tuesday. On May 27, the new Terra 2.0 blockchain will be live, and Polygon has created a fund to aid Terra migration. Polygon, meanwhile, announced the creation of a multi-million dollar fund to assist Terra blockchain …
  • Terra 2.0 Gets A Positive Response From Binance! Here Is How The Exchange Plans To Support
    Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide - 12 hours ago
    The post Terra 2.0 Gets A Positive Response From Binance! Here Is How The Exchange Plans To Support appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide On Wednesday, 25th of May, Binance said that it is collaborating closely with Terra on the blockchain’s recently authorized revival plan. In a tweet, the world’s largest cryptocurrency exchange, Binance stated that it hopes to assist Terra crash victims. This advancement comes after the Terra community approved the rehabilitation proposal. The restoration plan was approved …
  • LUNA 2.0 May Rise Price From $10 to $50, While Binance, Coinbase Gemini May Face a Lawsuit Soon!
    Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide - 20 hours ago
    The post LUNA 2.0 May Rise Price From $10 to $50, While Binance, Coinbase Gemini May Face a Lawsuit Soon! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide After the lesson learnt in the past fortnight, Terra is all set to become the fully-community owned chain to empower the ecosystem. While centralized exchanges like Binance, ByBit, etc are reportedly working closely with Terra for the LUNA 2.0 airdrop. On the other hand, the South Korean exchanges strongly ignore the LUNA 2.0, which may …
  • Creating a Self Development Platform Amongst Many Other Utilities – Trash Panda Gang Focuses on Helping Their Community
    Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide - 1 day ago
    The post Creating a Self Development Platform Amongst Many Other Utilities – Trash Panda Gang Focuses on Helping Their Community appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide   Trash Panda Gang – a collection of 5555 3D hand-drawn NFTs – is now introducing new utilities that complete its transformation into a 360-degree personal and self-development platform with the main goal to help its NFT-holders and members develop in and out of the Metaverse. The rise of digital entertainment has been a game-changer …
  • Bitcoin Outperforms Altcoins! BTC Price Might Hit $32K This Weekend
    Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide - 1 day ago
    The post Bitcoin Outperforms Altcoins! BTC Price Might Hit $32K This Weekend appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide As range conformity continued, Bitcoin (BTC) momentarily rebounded to $30,000 before the May 25 Wall Street open. BTC/USD managed to touch $30,189 before settling down under the $30,000 level, according to TradingView data.  While it may look uninteresting at first glance, Bitcoin on short timeframes kindled Michael van de Poppe’s interest, who anticipated a run …
  • Do Kwon’s Approach To Terra 2.0 Listing Gets Rejected By S.Korean Crypto Exchange! Here Is Why
    Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide - 1 day ago
    The post Do Kwon’s Approach To Terra 2.0 Listing Gets Rejected By S.Korean Crypto Exchange! Here Is Why appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide Do Kwon, the founder of Terra, is apparently having trouble getting Terra 2.0 listed on South Korea’s leading exchanges. Upbit, Coinone, Cobit, Bithumb, and Gopax are among the top five South Korean exchanges that Do Kwon has approached according to reports. The coin will be released as part of a widely-accepted restoration plan that will …
  • Here’s What MicroStrategy CEO Michael Saylor Has To Say About Bitcoin Mining
    Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide - 1 day ago
    The post Here’s What MicroStrategy CEO Michael Saylor Has To Say About Bitcoin Mining appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide Every Crypto investor who has lost their money during this recent market collapse is now eyeing the profitable ways to regain their loss. Thus, MicroStrategy CEO Michael Saylor has advised to take up digital energy to make money. Stated that bitcoin mining is currently the most profitable way of using energy, said at the DC …
    • ViaBTC: Enhance Basic Tech Capacity & Provide All-encompassing Products & Services
      NewsBTC - 9 hours ago
      ViaBTC has been one of the pioneers in the crypto industry with an illustrious track record. Recently we caught up with the CEO, Haipo Yang and asked him a few questions about the company, its mission and plans for the future. Read the excerpt of the interview below. Q [NewsBTC]: ViaBTC is a pioneer in the crypto industry, having been around since 2016 – what was the idea behind launching ViaBTC? A [Haipo Yang]: I had my first introduction to Bitcoin and open-source software around 2011. At the time, fascinated by the technical principles of Bitcoin, I supported the view…
    • TA: Ethereum Struggles Below $2K, Why Bears Remain In Action
      NewsBTC - 9 hours ago
      Ethereum struggled to gain pace above the $2,000 resistance against the US Dollar. ETH is declining, but it is still above the key $1,920 support zone. Ethereum is showing a few bearish signs below the $2,000 barrier. The price is now trading below $2,000 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,970 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline sharply if there is a clear move below the $1,920 support zone. Ethereum Price Settles Below $2K Ethereum climbed above the $1,950 resistance…
    • TA: Bitcoin Price Remains In Range, Why The Bulls Need To Take Control
      NewsBTC - 11 hours ago
      Bitcoin retested the key $28,500 support zone against the US Dollar. BTC is rising and the bulls might aim a clear move above the $30,600 resistance. Bitcoin is trading in a major range below the $30,600 resistance zone. The price is now trading near the $29,800 level and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $29,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain pace if there is a clear move above the key $30,600 resistance zone. Bitcoin Price Remains Supported Bitcoin…
    • The Nightly Mint: Daily NFT Recap
      NewsBTC - 13 hours ago
      We’re wrapping up the last full week of May, and the NFT market is seemingly still performing strongly – considering the middling cryptocurrency market at large. Meanwhile, Solana NFTs are getting a nice boost in what the community is calling ‘Solana Summer.’ Can a rising tide lift all boats? Additionally, U.S. case law around NFTs – largely unprecedented thus far – is seeing new decisions that could have major impacts on how legal courts interpret NFT cases in the future. The Nightly Mint Latest Mint: Solana NFTs, Apparently If you’re keeping up with the hype, dominating the conversation this week…
    • Bitcoin On-Chain Activity Throttled After LUNA Collapse
      NewsBTC - 16 hours ago
      Bitcoin on-chain activity has fallen into the red after the infamous LUNA collapse. The collapse had no doubt reduced faith in the cryptocurrency market and has seen investors significantly reduce their activity in the space. This has led to losses across the board for miners as fee revenues, transaction volumes, and transaction values have all plummeted, all of which have seen daily miner revenues fall towards yearly lows. Bitcoin On-Chain Activity Declines The previous week had seen on-chain activity ramp up during the height of the LUNA collapse. Mostly, this had been to investors scrambling to move their coins to…
    • Bitcoin Consolidation Uninspiring, But Run To Near $33k On The Cards
      NewsBTC - 16 hours ago
      The spring is being compressed further as Bitcoin swings continue to diminish. Since the commencement of active trading in New York, the lower bound of the trading range has shifted to $29K, where the BTCUSD has found support. The top bound of the constructed triangle has advanced to $30.5K, up 1.8 percent from current prices of $30K in the last 24 hours. Bitcoin Consolidation Uninspiring As range adherence continued, Bitcoin (BTC) momentarily returned to $30,000 before the May 25 Wall Street open. While it may appear dull at first glance, Michal van de Poppe saw Bitcoin on short periods as…
    • Bitcoin Trading Volume Plummets Down From Recent Top
      NewsBTC - 20 hours ago
      Data shows the Bitcoin spot trading volume has once again come back down to normal values for 2022 after the big surge recently. Bitcoin Trading Volume Falls Back Down To Values Around $4 Billion As per the latest weekly report from Arcane Research, the Bitcoin trading volume has plummeted back down after the recent high values. The “daily spot trading volume” is an indicator that measures the total amount of Bitcoin moving on the chain on any given day. When the value of this metric goes up, it means the number of coins changing hands on the network is increasing.…
    • Bitcoin Sets Record Streak For Bloodliest Weekly Trend yet
      NewsBTC - 21 hours ago
      Bitcoin continues to move sideways in the $30,000 area. The general sentiment in the market points to extreme fear levels and uncertainty as to the number one crypto by market cap trades without clear direction. Related Reading | TA: Bitcoin Price Moves Higher In Range, $30.6K Still Presents Resistance At the time of writing, BTC’s price trades at $29,500 with a 1% profit in the last 24-hours. Per a report from Arcane Research, Bitcoin has been making history over the past weeks. The current downtrend could be one of the worst since BTC’s inception as the cryptocurrency recently recorded its first…
    • JPMorgan: Bitcoin Is Undervalued; Says Fair Price Is 28% Higher
      NewsBTC - 21 hours ago
      Despite the crypto bear market, JPMorgan believes bitcoin is grossly undervalued. The bank today repeated its appraisal of bitcoin’s fair worth of $38,000, which it awarded the cryptocurrency in February when it was trading around $43,400. This is almost a 28% increase over the current price of $29,757. JPMorgan Gives Nod To Crypto As Alternative Asset Class Cryptos have surpassed real estate as one of the bank’s favored “alternative assets” or assets that don’t fit into traditional categories like equities and bonds, according to a note released on Wednesday. It stated that it still believes $38,000 is a fair price…
    • Market Sentiment Dangerously Negative As Crypto Fear Index Drops To Two-Year Low
      NewsBTC - 22 hours ago
      Crypto market sentiment has dropped into the far negative once more. This has been one in the making ever since the Terra crash had begun and investors had scrambled to leave the market. A culmination of this and speculations that the market is headed into one of the longest bear trends ever recorded has now seen sentiment fall to levels not recorded since 2020. In The Extreme Fear Region Now, the crypto market sentiment has not been positive for a while. Most of the last two months have been spent in the fear territory and April had closed out in…
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