May 18, 2022

An Anime Action Adventure: YOANN․IO Seed Launch on KICK․IO

PRESS RELEASE. Metaverses are here, and they are the next generation of gaming. That’s why KICK.IO launchpad is excited to be hosting the public sale of YOANN.IO, an Anime Action Adventure. YOANN.IO empowers players to go on exciting adventures, interact with other players, as well as earn passive income from the marketplace. Within the exciting anime multiverse environment, you may choose to roam solo, with an AI, or with friends – completing multi-level quests and earning exciting rewards. Within the multiverse, every player may contribute to the community’s passive income pool through mining activity, staking YOAN, or completing Yoann adventures. Users can earn token profits and receive NFT assets such as custom skins and accessories, which are tradeable within the marketplace. YOANN.IO is thus modernizing the gaming experience – delivering new ways old hobbyists and new gamers alike can interact […]
May 18, 2022

Let Terra Die

Do Kwon’s proposal to fork the failed stablecoin network isn’t what LUNA holders want, nor will it help them.
May 18, 2022

Russia’s First Digital Financial Assets Expected This Year, Lawmaker Says

The first digital financial assets based on Russian blockchains may be issued as early as this year, a high-ranking parliamentarian announced. Three platforms are already registered as issuers, said Anatoly Aksakov, who chairs the Financial Market Committee at the State Duma, the lower house of Russian parliament. Russian Digital Financial Assets Likely to Appear by Year’s End Authorized Russian blockchain platforms may issue their first digital financial assets (DFAs) by the end of 2022, according to the head of the parliamentary committee overseeing Russia’s financial sector, Anatoly Aksakov. Speaking during the Moscow Academic Economic Forum, Aksakov noted that Russia is now actively working in this field after adopting the law “On Digital Financial Assets,” which went into force in January 2021. DFA is the legal term that encompasses cryptocurrencies in the current Russian legislation. The Russian deputy revealed that three […]
May 18, 2022

Block Sees Bitcoin Disrupting Payments Networks, Expects Self-Custody to Grow

Block executives spoke during the company’s annual investor day on Wednesday.
May 18, 2022

4 Ways to Earn Passive Income With Crypto in 2022

Are you wondering how to increase your passive income streams through Bitcoin and cryptocurrency?want to know how to grow your cryptocurrency earnings with minimal effort? As cryptocurrency is becoming more mainstream, it opens opportunities for passive income.the idea of creating passive income with cryptocurrency is to make money 24/7 without you actively involved in the process. Instead of taking unnecessary trading risks, spending time doing menial tasks, or letting your Bitcoin sitting there and not earning a thing, you can now put your coins to work for you for as long as you want.spend some time to set it up. Once they’re in place, they will continue to generate on-going incomes for you with little or no effort from your part. To get you started, here are some of the possible ways to create crypto-powered passive income-earning opportunities.you can combine […]
May 18, 2022

Biggest Movers: ATOM Remains Close to 1-Year Lows, as DOT Declines 8%

ATOM moved closer towards a one-year low on Wednesday, as prices dropped by nearly 10%. This came as DOT also declined during today’s trading session, when global crypto markets fell by over 3% as of writing. Cosmos (ATOM) On Wednesday, ATOM was one of the biggest movers in the session, as it fell by nearly 3% lower during hump-day. ATOM/USD slipped to an intraday low of $10.47 during today’s stretch, which came following a peak of $11.73 on Tuesday. This bottom saw prices move towards their long-term support level of $10.30, a level which was established last week, after prices dropped to multi-month lows. As of writing, prices are down 8.46%, with the 14-day Relative Strength Index (RSI) also lower, trading almost below 30. Looking at the chart, the index is marginally above 30, after failing to break beyond its […]
May 18, 2022

GYM NETWORK: The Future of Investing

Investments have always been a risky affair, and the biggest concern among most is which platform to go for. More so, the slightly reliable ones don’t offer high rewards, which in turn negates the whole point of investing. But that changes with GYM NETWORK, a Binance Smart Chain-based Decentralized protocol. It not just ensures security and transparency in transactions but offers high returns and exciting rewards on investment. All about GYM NETWORK If you ever search for a De-Fi project, there would be hundreds of results, but not all suit your requirements or are trustworthy. The number could be pegged at 3-5 if we are lenient in that regard. But the team behind GYM NETWORK has managed to eliminate all the previously encountered problems and design a platform that offers you the best. GYM NETWORK handpicks the best investment options […]
May 18, 2022

Bitcoin Miner Argo Blockchain Emerged Unscathed From Its UST Stake

The firm said it was able to sell its minimal UST stake for around 93 cents per token before the price completely collapsed.
May 18, 2022

Top 3 Metaverse Crypto Coins With a Market Cap Below $91 Million – May 2022

Cryptocurrency markets continue their bearish momentum this month as BTC and ETH struggle to hold support. Metaverse crypto coins are also down significantly this week, with many projects losing double-digit percent growth in the past seven days. Many Metaverse crypto coins are on a fire sale with the recent low prices, making it an excellent opportunity to accumulate underrated projects that could show significant price growth in the next bull run. Today we look at our pick of the top three Metaverse crypto coins with a market cap below $91 million to watch in May 2022, ordered by the current market capitalization, lowest to highest. #3 Aavegotchi (GHST) – $82 million Initially launched in February 2021, Aavegotchi (GHST) is one of the most underrated Metaverse crypto projects inspired by the 90s Tamagotchi toy and can be considered the modern blockchain-based […]
May 18, 2022

Binance Seeking ‘Ideal Point’ for India Launch

Hiring moves, active consultations and monitoring of the regulatory environment indicate an eminent launch of Binance in India.
May 18, 2022

A16z Launches First Gaming Fund With $600M Commitment

The venture capital giant will invest in game studios, consumer apps and infrastructure.
May 18, 2022

First Mover Americas: Bitcoin Back Below $30K as Target’s Earnings Miss Shows Effects of Inflation

The latest moves in crypto markets in context for May 17,2022.
May 18, 2022

Bitcoin, Ethereum Technical Analysis: BTC Below $30,000 Again as Crypto Consolidation Extends   

Bitcoin prices dropped during the hump-day session, as bulls were unable to maintain Tuesday’s gains. The world’s largest cryptocurrency once again fell below the $30,000 level, whilst ETH also moved lower. Bitcoin Following a slight rally in price during Tuesday’s session, bearish sentiment returned to markets on Wednesday. This sentiment saw BTC/USD drop to a bottom of $29,570.30, less than 24 hours after trading at a peak of $30,694.49. Wednesday’s low sees a continuation of price consolidation, as traders continued to navigate through the current volatility within markets. As a result of today’s move, bitcoin is now moving closer to a support level of $28,800, with the 14-day RSI remaining deep in oversold territory. Looking at the chart, this indicator is currently tracking at 33.87, which is marginally below a ceiling of 35. As discussed on Tuesday, it is unlikely […]
May 18, 2022

FTX, Liberty City Lead $20M Raise for Dev Platform DoraHacks

The hackathon startup will use the funds to launch an NFT-focused venture fund, among other things.
May 18, 2022

INX Taps Galaxy Digital Alum as Chief Financial Officer

Renata Szkoda previously served as finance director at the crypto financial services firm.
May 18, 2022

3 Members of Terraform Labs’ In-House Legal Team Abruptly Leave Amid LUNA, and UST Fallout

Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s in-house litigation, regulatory, general, and corporate counsel members follow the project’s fallout last week as the blockchain’s native crypto assets dropped significantly in value. Linkedin Profiles Show 3 Legal Counsel Members Ended Their Relationship With Terraform Labs in May 2022 The crypto community is once again throwing the spotlight on the Terra blockchain fiasco, as the project’s in-house legal team seems to have left the company Terraform Labs (TFL) unexpectedly. That’s according to three individual profiles on Linkedin that show Noah Axler, Lawrence Florio, and Marc Goldich left in May. Terra was once a leading multi-billion-dollar project, and TFL raised millions from prominent investors. An in-house lawyer or legal team […]
May 18, 2022

Terra Luna Revival Plan 2 – Renaming the Network to Terra Classic and LUNA Classic

After an uncertain last week and with LUNA’s price dropping below 1 cent, Do Kwon, the founder of Terra Luna, announced a new revival plan on Twitter. A new governance proposal #1623 suggests renaming the existing network to Terra Classic, renaming LUNA to LUNA Classic, and birthing a new blockchain. The full proposal can be viewed on Terra’s official Agora forums titled Terra Ecosystem Revival Plan 2. What Is Terra Ecosystem Revival Plan 2? Published on May 16th by Do Kwon himself, the new revival plan suggests creating a new Terra chain without the algorithmic stablecoin. The old chain will be called Terra Classic (LUNC), while the new chain will be called Terra (LUNA). In addition, LUNA tokens will be airdropped across Luna Classic stakers, holders, residual UST holders, and several app developers of Terra Classic. The official proposal on […]
May 18, 2022

Aave’s Decentralized Social Media Platform Arrives on Polygon

The launch of Lens Protocol comes weeks after Aave founder Stani Kulechov was temporarily suspended from Twitter.
May 18, 2022

Bitcoin, Major Cryptos Slide as Markets Digest Hawkish Powell Remarks

A day after the U.S. Federal Reserve chair pledged to keep tightening monetary conditions until inflation comes down, analysts and traders from crypto to stocks and futures were assessing the economic impact, from higher mortgage rates to lower company earnings.
May 18, 2022

Swiss ETP Issuer 21Shares Dives Into US Market With 2 Crypto Index Funds

The two crypto index funds will only be available to accredited investors.
May 18, 2022

Do Kwon Pushes On-Chain Proposal Live Even as 92% Vote ‘No’ in Online Poll

A revival plan to put Terra back on track after last week’s implosion is not finding backers in the community.
May 18, 2022

Binance in Talks for Regulatory Approval in Germany, CEO Says

Cryptocurrency exchange Binance is holding talks with regulators in Germany and hopes to be granted a a license, founder Changpeng “CZ” Zhao has said.
May 18, 2022

Blockchain Gaming Developer N3TWORK Studios Closes $46M Funding Led by Griffin Gaming

Blockchain gaming developer and publisher N3TWORK Studios has raised $46 million in a series A funding round to aid production of web 3 games Legendary: Heroes Unchained and Triumph.
May 18, 2022

Web3 Gaming Company Metatheory Raises $24 Million With Backing From A16z, Pantera, and FTX

Metatheory, a Web3 gaming company founded in 2021, has announced it has raised $24 million in a Series A funding round. The investment round, which was led by big VC names in the crypto space like a16z, also had the participation of Pantera Capital and FTX Ventures. Kevin Lin, CEO of the company and co-founder of Twitch, stated the company will focus on making high-quality games with blockchain elements. Metatheory Scores $24 Million in Series A Round Metatheory, a Web3 gaming company that combines entertainment experiences with blockchain elements, informed it has raised $24 million in its Series A funding round. The CEO of the company, who is also co-founder of Twitch, Kevin Lin, stated that this is an opportunity to build high-quality games that also include blockchain elements in their design. The Web3 gaming premise seems to be enticing […]
May 18, 2022

Will a Proof-of-Stake Ethereum Lead to More Centralization?

Lido’s staking protocol now holds 33% of all staked ether.
May 18, 2022

BitcoinUSD․com Launches a Market Watch Site

PRESS RELEASE. BitcoinUSD.com, a website developed to educate the public on crypto exchanges and current prices, launched its new website. The new site provides more information on current cryptocurrency prices, live market cap, news and educational articles through its crypto blog. The new site offers a variety of features. These include information on various coins, the Binance exchange, the biggest gainers and losers, a crypto calculator, a crypto ICO calendar, a block explorer, and a function allowing users to build a portfolio and blog for all of the latest cryptocurrency news. BitcoinUSD.com began as a Bitcoin-focused cryptocurrency site, only to grow into a destination website for all cryptocurrencies. The site breaks down information on various cryptocurrencies and provides users with additional information on NFTs and other coins. BitcoinUSD also provides options for its users on where to find a cryptocurrency […]
May 18, 2022

An Anime Action Adventure: YOANN.IO Seed Sale on KICK.IO

Metaverses are here, and they are the next generation of gaming. That’s why KICK.IO launchpad is excited to be hosting the public sale of YOANN.IO, an Anime Action Adventure. YOANN.IO empowers players to go on exciting adventures, interact with other players, as well as earn passive income from the marketplace. Within the exciting anime multiverse environment, you may choose to roam solo, with an AI, or with friends – completing multi-level quests and earning exciting rewards. Within the multiverse, every player may contribute to the community’s passive income pool through mining activity, staking YOAN, or completing Yoann adventures. Users can earn token profits and receive NFT assets such as custom skins and accessories, which are tradeable within the marketplace. YOANN.IO is thus modernizing the gaming experience – delivering new ways old hobbyists and new gamers alike can interact within the […]
May 18, 2022

Australian Taxation Office to Focus on Capital Gains From Crypto Assets

The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate any capital gain or loss from the sale of digital coins and tokens and record it in their tax returns. Australian Taxpayers Warned They Should Report Crypto Gains The Australian Taxation Office (ATO) has announced four key areas where it will focus its attention this year. These include record-keeping, work-related expenses, and rental property income and deductions. Ensuring better scrutiny on the reporting of capital gains from property, shares, and crypto assets completes the list of stated priorities. “The ATO is targeting problem areas where we see people making mistakes,” Assistant Commissioner Tim Loh has been quoted as noting. The high-ranking official emphasized taxpayers should rethink their claims and abide […]
May 18, 2022

Argo Blockchain Q1 Net Income Plunges 90% to $2.1 Million

Argo Blockchain (ARB) reported net income of £1.6 million ($2.1 million) in Q1, a drop of over 90% compared to the corresponding quarter a year earlier.
May 18, 2022

FTX Founder Sam Bankman-Fried Thinks Bitcoin Has No Future as a Payments Network

Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has given his take regarding the future of Bitcoin’s usage. Bankman-Fried stated he doesn’t believe that Bitcoin will work as a payments network, due to its limited capability for scaling to fulfill this task. However, he believes it might become “an asset, a commodity, and a store of value.” Sam Bankman-Fried on Bitcoin as a Payments Network FTX founder Sam Bankman-Fried has given his opinion about where bitcoin is going and the real value of its structure in the future. In an interview published by the Financial Times, Bankman-Fried criticized the implementation of Bitcoin as a payments network. To him, the Bitcoin blockchain system will never work as a day-to-day payments system for several reasons. A perceived lack of scalability of the Bitcoin blockchain is one of them, and the second […]
May 18, 2022

HyperNFT launches the first NFT product (HOS) to create a new generation of NFT market

Recently, HyperNFT launched its first NFT product (HOS). HOS NFT will be used as a symbol of identity rights. All holders of the HOS NFT can enter HyperNation to participate in a series of derivative products such as buying land and real estate, playing P2E and so on. Next, HyperNFT will start from the artist level and lower the threshold for listing. HyperNFT hopes that more artists can have a platform to show their works. In addition to the images from which NFTs are well-known for, HyperNFT accepts many other kinds of NFT for sale, such as music works, sports photos, art collections, game items to physical assets that can be displayed and sold in the form of NFT. All these ensure that buyers will have more choices. NFT and the Metaverse While the base concept for NFTs was formulated […]
May 18, 2022

Nearly 5,505 Ether, or $10M of the $625M Ronin Exploit, Are on the Move

Thousands of ether connected to the Ronin exploiter address seem to be on the move via privacy exchange Tornado Cash, blockchain data apparently shows.
May 18, 2022

Crypto tech platform Fireblocks unveils new ‘Web3 Engine’ with suite of developer tools

Fireblocks, a blockchain infrastructure & crypto tech provider, announced today the launch of a new, dedicated ‘Web3 Engine’ with a suite of tools for developers to build DeFi, GameFi, and NFT products. Also, Fireblocks’ new web3 engine allows developers to easily build dApps on top of Fireblocks’ tech stack or securely access the full range of existing web3 apps. “As we already provide a secure platform and a suite of dev tools for businesses to build digital assets and crypto businesses, unlocking access to web3 was an important next step. Now, with a fully tailored experience for connecting to web3, we aim to accelerate the launch of a new wave of super apps.” – Michael Shaulov, CEO of FIreblocks In order to interact with web3 applications, users have to connect to these websites via a crypto wallet. Any mismanagement of private […]
May 18, 2022

Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme

Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme Authorities in China’s Rong County, Zigong City, recently prosecuted eight people accused of orchestrating the MDC virtual currency pyramid scheme, a local report has said. According to the report, the prosecution of the case was handled by the Rong County People’s Procuratorate, and was only carried out some ten months after the arrest of MDC’s 12 core members. According to a report from the Sichuan Provincial Public Security Department, the MDC pyramid scheme was initially cracked in May 2021. Subsequent investigations by authorities in Rong County then determined that the scheme had been in existence […]
May 18, 2022

South Korean legislature considering new licensing system for crypto

Regulators in South Korea have issued a new report that offers a bevy of recommendations for how to properly govern the country’s crypto industry.
May 18, 2022

Algoracle Announces $1․5 Million Seed Round

PRESS RELEASE. Algoracle has recently announced the close of its seed round for $1.5 million (USD) to help accelerate the development and launch of Algorand’s native decentralized oracle network. Algoracle’s seed round was led by Borderless Capital, with major contributions from the Algorand Foundation, Valhalla Capital, and Big Brain Holdings, and rounded out by strategic investors Xpand Capital, Parea Capital, OrcaDAO, GMI Capital, and EXA Finance. Thanks to the support provided by all of these organizations, the seed round was a resounding success and generated the aforementioned amount of $1.5 million, much to the delight of the community. “We are excited to back Algoracle and their vision of bringing data on-chain in a decentralized fashion. This will help developers to build more powerful and sophisticated applications and smart contracts, enabling innovative and disruptive new use cases on top of the […]
May 18, 2022

Cloudflare to run Ethereum node experiment to help ‘build a better internet’

“Cloudflare is going to participate in the research and development of the core infrastructure that helps keep Ethereum secure, fast, as well as energy-efficient for everyone,” the firm stated.
May 18, 2022

Internet Service Company Cloudflare to Run Ethereum Validator Nodes as Part of Its Web3 Focus

Cloudflare, an internet services and DDoS protection company, has announced a new strategy regarding its Web3 experiments. The company revealed it will run Ethereum validator nodes as part of its commitment to help to scale the internet by using proof-of-stake (PoS) consensus technologies. This will ostensibly allow the company to access the energy efficiency and consistency of this technology. Cloudflare to Enter Crypto via Ethereum Cloudflare, one of the leading content delivery and DDoS mitigation companies, announced a new Web3 push that leverages Ethereum’s upcoming proof-of-stake network. The company informed it will be running Ethereum validator nodes as part of its experiment in order to assess the viability of the scaling technology in the future. Cloudflare stated that blockchain technologies could be part of the story of the internet in the long run and that these experiences might help in […]
May 18, 2022

Analysts note parallels with March 2020: Will this time be different?

Analysts across crypto and traditional stocks have taken notice of the similarities between what happened in March 2020 and market moves so far this month.
May 18, 2022

German BaFin official calls for ‘innovative’ EU-wide DeFi regulation

Highlighting Germany’s crypto license as an example of attractive regulation, Birgit Rodolphe writes that similar frameworks should be the same throughout the EU to “prevent a fragmented market.”
May 18, 2022

DOJ Files First Criminal Complaint Against US Citizen Allegedly Using Cryptocurrency to Evade Sanctions

The Department of Justice (DOJ) has filed its first criminal complaint against an American who allegedly used cryptocurrency to circumvent U.S. sanctions. “The payments platform advertised its services as designed to evade U.S. sanctions, including through purportedly untraceable virtual currency transactions.” DOJ Charges US Citizen in Crypto Sanctions Evasion Case The U.S. Justice Department has filed its first criminal complaint against a U.S. citizen who allegedly tried to evade American sanctions using cryptocurrency, according to a judicial opinion document filed on Friday by U.S. Magistrate Judge Zia M. Faruqui. The case is still sealed. Judge Faruqui explained why he approved the DOJ’s criminal complaint against the American citizen accused of transmitting more than $10 million worth of bitcoin to a crypto exchange in a comprehensively sanctioned country. Comprehensive sanctions are currently placed on Cuba, Iran, North Korea, Syria, and the […]
May 18, 2022

Ethereum’s popularity ‘a double-edged sword’ — a16z’s State of Crypto report

“Ethereum’s overwhelming mindshare helps explain why its users have been willing to pay more than $15 million in fees per day on average just to use the blockchain,” a16z stated.
May 18, 2022

BitKeep Adds Vision to Its List of Supported Mainnets

BitKeep is proud to announce that we have added Vision to the list of supported mainnets. Through the support provided, BitKeep will provide Vision users with a convenient means for token investment and token transactions. Users may access the Vision DApp in the BitKeep Dapp browser for fast, cross-chain, low-cost financial market creation. In the future, the partnership between Vision and BitKeep will certainly go further. How to Add Vision in BitKeep  Please upgrade your BitKeep wallet app to 7.0.7.  Launch the BitKeep app. Tap ALL in the upper right corner to enter the mainnet selection interface. Tap Add Mainnet, select Vision, and tap OK; Enter your wallet password, then return to the wallet page. You are done with the addition. Go back to the wallet home page and select ALL to view all the mainnets that have been added. […]
May 18, 2022

Top 3 Metaverse Crypto Coins With a Market Cap Below $5 Million to Watch in May 2022

This week, cryptocurrency markets continue to trade sideways, with Bitcoin and Ethereum managing to hold support. With the bear market this month, Metaverse crypto coins and projects are on a fire sale, making it an excellent opportunity to start accumulating projects with long-term potential. Today we look at our pick of the top three Metaverse crypto coin with a market cap below $5 million, ordered by the current market capitalization, lowest to highest. 3. Revomon (REVO) – $3.4 million Launching in April 2021, Revomon (REVO) is best described as a Pokemon-inspired Metaverse crypto project featuring a fully-functional virtual reality game that users can download and check out on their Oculus Quest devices. The game revolves around users hunting for Revomons, essentially replicating Pokemon’s monster hunter while integrating unique play-to-earn mechanics and blockchain technology. Revomon is built with the Unity game […]
May 18, 2022

Elon Musk: US Economy Is Probably in Recession That Could Last 18 Months — Warns It ‘Will Get Worse’

Tesla and Spacex CEO Elon Musk says that the U.S. economy is probably in a recession and it could be “tough going” for 12 to 18 months. He added: “The honest reason for inflation is that the government printed a zillion more money than it had.” Elon Musk on U.S. Recession and Inflation Elon Musk, the CEO of Tesla and Spacex, talked about the U.S. economy on the All-In podcast, published Monday. Commenting on whether the U.S. economy is in a recession, Musk said: We probably are in a recession and that recession will get worse but these things pass and then there will be boom times again … It’ll probably be some tough going for, I don’t know, a year, maybe 12-18 months. He added that 12 to 18 months is roughly the amount of time for a correction […]
May 17, 2022

First Mover Asia: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite Bearishness

A Glassnode analyst suggests that the collapse of the UST token has triggered a change in investors’ stablecoin preferences; cryptos tick higher in Tuesday trading.
May 17, 2022

South Korea Launches ‘Emergency’ Investigation Into Collapse of LUNA and UST

South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchanges to provide information relating to transactions and investors of the two coins. South Korea’s Emergency Investigation Into LUNA, UST South Korea has launched an “emergency” investigation of domestic crypto exchange operators following the collapse of the terrausd stablecoin (UST) and terra (LUNA) cryptocurrency, Yonhap News reported Tuesday, citing unnamed sources. Last week, UST lost its peg to the U.S. dollar, sending its price and the price of terra (LUNA) into free fall. At the time of writing, UST is trading at less than $0.09 while LUNA is near worthless. South Korean top financial regulators, the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), have asked local cryptocurrency exchange operators to share information […]
May 17, 2022

Commissioner Kristin Johnson to sponsor CFTC Market Risk Advisory Committee

The crypto hawk Biden appointee will sponsor a panel of 36 financial industry executives, thought leaders and other prominent figures.
May 17, 2022

Study: Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate

New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers. China Is Still the World’s Second-Largest Concentration of Bitcoin Miners The Cambridge Centre for Alternative Finance updated the organization’s bitcoin mining data and map in order to highlight 2022 hashrate statistics. In July 2021, Bitcoin.com News reported on the CCAF’s data that showed China’s hashrate dropping by 46%. At the time, China’s government enforced a ban on bitcoin mining and a great deal of the country’s miners re-located. However, the latest CCAF stats show China’s hashrate is still very prominent as the country is the second-largest leader in terms of […]
May 17, 2022

Bitcoin sube a $30K, con una resistencia en $35K

BTC está en camino de registrar una señal de impulso positivo en el gráfico diario.
May 17, 2022

Bentley University Students Can Pay for Tuition with Crypto

Bentley University – a private higher education institution in Massachusetts – has announced that it’s going to start allowing students to pay for their tuition with cryptocurrencies like bitcoin. Bentley University Says “Yes” to Crypto Payments University president E. LaBrent Chrite explained in an interview: Bentley University is at the forefront in preparing business leaders with the skills and knowledge to succeed in the changing world economy. We’re proud to embrace this technology that our students are learning about, which will soon transform the global business landscape they’re about to enter. The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed […]
May 17, 2022

Bitcoin is discounted near its ‘realized’ price, but analysts say there’s room for deep downside

On-chain data suggests Bitcoin price is discounted, but analysts caution against expecting a rapid recovery.
May 17, 2022

Market Wrap: Cryptos and Stocks Mixed Amid Bearish Sentiment

Bitcoin (BTC) is stabilizing around $30K while stock market volatility is fading. Altcoins were mixed, although recent underperformance could signal caution among some traders. Indicators show short-term BTC buying, albeit with limited upside.
May 17, 2022

Elwood Technologies Touts Strong Focus on Crypto Derivatives

Now backed by tier-one banks Goldman, Barclays and Commerzbank, Elwood CEO James Stickland predicts “a huge amount of derivatives action.”
May 17, 2022

Crypto users react to Terraform Labs legal team purportedly leaving company

Many on social media called for legal action against Do Kwon, while others speculated the potential departure of the legal team could have been over concerns about money.
May 17, 2022

Ledger Adding Browser Extension to Connect Hardware Wallets to Web 3 Apps

Ledger Connect is launching in beta and will initially be compatible with the Ledger Nano X and Mobile Safari.
May 17, 2022

Argentina presiona a mineros de criptomonedas en medio de una escasez energética

Algunas compañías registradas vieron un incremento del 400% en sus tarifas eléctricas en marzo, mientras que los mineros ilegales no planean dejar de utilizar la energía subsidiada de sus hogares para realizar la actividad.
May 17, 2022

Nansen Acquires DeFi Portfolio Tracker Ape Board for More Than $10M

On-chain data platform Nansen has acquired decentralized finance (DeFi) portfolio tracker Ape Board for an ‘eight-figure’ sum.
May 17, 2022

Terraform’s Legal Team Quits Amid Terra Stablecoin Fallout

Marc Goldich, Lawrence Florio and Noah Axler left the Terra ecosystem backer in May according to their LinkedIns.
May 17, 2022

Edward Snowden was Involved in the Development of Zcash

For many years, crypto traders were under the impression that someone named John Dobbertin was the elusive man behind the legendary Zcash, an anonymous form of cryptocurrency. It now looks like that name is nothing more than a pseudonym to hide the real identity of one of the coin’s main developers. That developer is Edward Snowden, the NSA whistleblower who fled to Russia in 2013. Edward Snowden and His History with Zcash Snowden is a former employee of the National Security Agency (NSA) that leaked highly classified and sensitive information to the public roughly nine years ago. As a subcontractor, the information he revealed had to do with global surveillance programs and methods the U.S. government was using to spy on people throughout America and the world. Before he could be prosecuted, Snowden fled to Russia where he was quickly […]
May 17, 2022

NFT prices take a gut punch as the crypto bear market deepens

NFT sell volume declines sharply after Terra’s blow up led to stablecoins dropping their peg and Bitcoin’s dip below $30,000 raises fear of a prolonged bear market.
May 17, 2022

Bitcoin Rises to $30K; Resistance at $35K

Bitcoin (BTC) is stabilizing around the $30K price level. The cryptocurrency is on track to register a positive momentum signal on the daily chart, similar to what occurred in late-March. Still, nearby resistance could cap an upswing in price.
May 17, 2022

Ethereum analytics firm Nansen acquires DeFi tracker Ape Board

Blockchain analytics firm Nansen to launch a new portfolio tracker integrated with the rest of its features with the new acquisition.
May 17, 2022

What Web 3 Means to Andreessen Horowitz

May 17, 2022

Terra Community Plans to Vote on Forking the Chain — Launch May Airdrop a Billion New Tokens to Network Participants

Following the aftermath of Terra’s UST implosion, the blockchain project’s founder Do Kwon has been actively discussing the Terra ecosystem revival plans and one specific proposal will be voted on May 18. The plan is to fork the blockchain into a new chain that does not include an algorithmic stablecoin, and the newly minted tokens from the network will be airdropped to Terra ecosystem participants and holders. Terra Community Members Plan to Vote on a Fork Proposal to Revive the Broken Project Last week the Terra blockchain ecosystem was obliterated and the project’s native tokens lost significant value. At the time of writing, a single LUNA token is trading for under a U.S. penny and the once-stable coin terrausd (UST) is changing hands for $0.09 per unit. During the last few days, Terra’s team — Terraform Labs — and the […]
May 17, 2022

Robinhood Plans ‘Web 3’ Crypto Wallet for DeFi Traders, NFT Buyers

Robinhood’s new custodial wallet will cater to “advanced” crypto users and live separately from the existing wallet, the firm’s Johann Thompson said.
May 17, 2022

Blockchain Investment Firm Fortis Digital Raising $100M Fund

The fund focuses on altcoins and requires potential investors to have a minimum $2.5 million net worth.
May 17, 2022

El Salvador’s President Promotes Bitcoin Adoption by Emerging Countries

Bukele is hosting financial representatives from 44 developing economies as part of annual meetings of the Alliance for Financial Inclusion.
May 17, 2022

Connecticut Mansion Owner Is Selling Her House for BTC or ETH

A large, $6.5 million mansion on the coast of Connecticut is up for sale. What’s the big clincher? The seller is willing to accept cryptocurrencies like bitcoin or Ethereum, marking the first time something like this is being done in the area. A Mansion Owner Will Sell Her House for Crypto The property’s listing agent Kevin Sneddon affirms the media and any potential buyers that this is not a joke. The owner is serious about crypto offers, and all looking to trade their BTC or ETH in for a large mansion should come forward. Sneddon says: It’s not like a gimmick. Not only does my client hold a lot of cryptocurrencies [but] she actively trades a fair amount of it. The house is stationed on 4.3 acres of rural farmland which dates to the early 1800s. Thus, the mansion itself […]
May 17, 2022

The First Rewards Card for the Web3 World by The Crypto Card Club

PRESS RELEASE. An emerging NFT company, The Crypto Card Club, has developed an innovative system that aims to recognise and reward investors by merging real-world reward point systems with NFT and Web3 purchases. The groundbreaking service financially rewards holders for their usual NFT spending, attempting to minimise Web3 financial risks and safely help grow investor portfolios. The founder, Harrison Bishop, has stated that they are looking to become THE rewards card for Web 3.0 and ‘IRL’. Members that hold the C3 NFT in their wallet and purchase NFTs from partnered projects will earn $C3 tokens. In addition, $C3 tokens can buy exciting products and services, including VIP passes to Coachella, a holiday to the Bahamas, or even tickets to The Monaco Grand Prix. C3s members will have access to perks and benefits valued at more than $100k. This includes but […]