Cryptonews

Cryptonews


Luna Foundation Guard Buys Additional USD 100M in Bitcoin, Now Holds BTC 42.4K

Posted: 13 Apr 2022 12:58 AM PDT

 
The Luna Foundation Guard (LFG), a nonprofit organization established in the Republic of Singapore dedicated to creating a reserve protocol for the algorithmic stablecoin UST, has purchased an additional USD 100m worth of bitcoin (BTC), increasing its total holdings to just over BTC 42,400 (USD 1.7bn)....
Read More: Luna Foundation Guard Buys Additional USD 100M in Bitcoin, Now Holds BTC 42.4K

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Bitcoin and Ethereum Consolidate Losses, SHIB Surges

Posted: 12 Apr 2022 09:39 PM PDT

 
Bitcoin price retested the USD 39,200 support zone. BTC remained supported and climbed above USD 40,000. It is currently (04:28 UTC) consolidating losses below USD 40,100 and facing many hurdles on the upside near USD 41,200. BTC is up less than 1% in a day.
Besides, most major altcoins are also moving higher. ETH traded above USD 3,050 and tested USD 3,085. XRP climbed above USD 0.70 and tested USD 0.72. ADA is consolidating near the USD 0.95 level....
Read More: Bitcoin and Ethereum Consolidate Losses, SHIB Surges

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‘Let’s Create a Crypto Ministry,’ Industry Urges South Korean President-Elect

Posted: 12 Apr 2022 04:00 PM PDT

 
A summit of South Korean lawmakers, industry chiefs, and leading academics has called for the country's President-Elect Yoon Suk-yeol to create a minister – or a ministry-level agency – for the crypto sector....
Read More: 'Let's Create a Crypto Ministry,' Industry Urges South Korean President-Elect

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Bitfinex, Tether Launch Bitcoin, USDT Donation Funds for Victims of El Salvador Gang Crime

Posted: 12 Apr 2022 12:00 PM PDT

 
The crypto exchange Bitfinex and the USDT issuer Tether have set up a crypto relief fund to aid the families of the people affected by the gang-related violence in El Salvador – although the government's controversial crackdown on gang crime continues to intensify in the country....
Read More: Bitfinex, Tether Launch Bitcoin, USDT Donation Funds for Victims of El Salvador Gang Crime

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US Record-Holding Astronaut Scott Kelly Drops First-Ever NFT To Support Ukraine

Posted: 12 Apr 2022 09:00 AM PDT

 
Ukraine's courageous fight against Russia's invasion continues to inspire efforts across the cryptosphere and beyond, with former NASA astronaut Scott Kelly officially dropping his first-ever non-fungible token (NFT) to aid the Ukrainian war effort....
Read More: US Record-Holding Astronaut Scott Kelly Drops First-Ever NFT To Support Ukraine

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Robinhood Domesticates Shiba Inu, Changes for Celsius Users in US + More News

Posted: 12 Apr 2022 08:41 AM PDT

 
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.
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Read More: Robinhood Domesticates Shiba Inu, Changes for Celsius Users in US + More News

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Financial Giant BlackRock Becomes 'Strategic Investor' in USDC Issuer Circle

Posted: 12 Apr 2022 07:30 AM PDT

 
The global fintech firm Circle has entered into an agreement for a new USD 400m funding round with participation from several major players from traditional finance, while making asset management giant BlackRock, Inc. a "strategic investor" in the company.
The funding round, announced by Circle on Tuesday, saw participation from BlackRock, Fidelity Management and Research, London-based hedge fund Marshall Wace LLP, and the FinTech-focused investment firm Fin Capital....
Read More: Financial Giant BlackRock Becomes 'Strategic Investor' in USDC Issuer Circle

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Coinbase Faces Criticism Again for Listing ‘Dead’ and ‘Stupid’ Tokens

Posted: 12 Apr 2022 06:22 AM PDT

 
The major US-based crypto exchange Coinbase is again facing criticism from the community after it released a new list of tokens it said are "under consideration for listing." The list includes projects that a community member described as "stupid" and "virtually completely dead."...
Read More: Coinbase Faces Criticism Again for Listing 'Dead' and 'Stupid' Tokens

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Bitcoin, Ethereum Fluctuate as US Inflation Hits 8.5%, Slightly Above Expectations

Posted: 12 Apr 2022 05:32 AM PDT

 
The price of both bitcoin (BTC) and ethereum (ETH) moved higher before reversing lower today as inflation for March accelerated to 8.5% compared to the same month last year, slightly exceeding analysts' expectations. The number was also up markedly from February's reading of 7.9%....
Read More: Bitcoin, Ethereum Fluctuate as US Inflation Hits 8.5%, Slightly Above Expectations

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Bitcoin and Ethereum Rebound After Dipping Below Key Support, NEAR and XMR Rally

Posted: 12 Apr 2022 05:03 AM PDT

 
Bitcoin price traded below USD 39,500, but the bulls were active near USD 39,200. BTC is currently (11:45 UTC) correcting losses near USD 40,400, with many hurdles near USD 41,000. The price is still down 2% in a day.
Similarly, most major altcoins are attempting an upside correction. ETH tested USD 2,950 and recovered above USD 3,000. XRP might struggle to recover above the USD 0.72 level. ADA could recover and test the USD 1.0 resistance zone....
Read More: Bitcoin and Ethereum Rebound After Dipping Below Key Support, NEAR and XMR Rally

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Most Surveyed US Financial Advisors Plan to Raise Crypto Allocations, 0% Plan to Reduce - Nasdaq

Posted: 12 Apr 2022 04:09 AM PDT

 
Among advisors already investing in crypto, nearly 90% expect to increase their allocations over the next 12 months, while 0% report plans to decrease, according to a recent survey by the New York-based Nasdaq stock exchange. On average, advisors currently investing in crypto - or considering to - state that their ideal crypto allocation is 6% of a client's total portfolio....
Read More: Most Surveyed US Financial Advisors Plan to Raise Crypto Allocations, 0% Plan to Reduce - Nasdaq

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NFT Entertainment Accelerates: BAYC Film Trilogy and Snoop Dogg's NFT Collection on Cardano

Posted: 12 Apr 2022 02:48 AM PDT

 
Popular non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC) is launching a three-part film series with major crypto exchange Coinbase, while Snoop Dogg is collaborating with NFT project Clay Nation to launch a new collection on Cardano (ADA).
Coinbase's official Twitter account teased the film trilogy on Monday, saying that they are "creating an interactive three-part film featuring" the BAYC and Apecoin communities....
Read More: NFT Entertainment Accelerates: BAYC Film Trilogy and Snoop Dogg's NFT Collection on Cardano

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Meta Begins Testing ‘Tools’ for Metaverse ‘Digital Asset’ Sales

Posted: 12 Apr 2022 01:39 AM PDT

 
Meta, the company formerly known as Facebook, may have turned its back on its once-grand stablecoin plans, but it is far from done with digital forms of money – with its metaverse pivot leading it to create "tools" that will let its users sell "digital assets."...
Read More: Meta Begins Testing 'Tools' for Metaverse 'Digital Asset' Sales

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Ethereum Devs Call Mainnet Shadow Fork a 'Huge Success', Propose Fixes for Bugs

Posted: 12 Apr 2022 12:51 AM PDT

 
Ethereum (ETH) developers have described the first-ever shadow fork, designed to stress-test developers' assumptions on existing testnets and the mainnet, as successful. While several bugs and issues were found, the devs were quick to propose fixes.
"The mainnet shadow fork was a huge success," Ethereum developer Marius van der Wijden, who initially came up with the shadow fork, said on Twitter. ...
Read More: Ethereum Devs Call Mainnet Shadow Fork a 'Huge Success', Propose Fixes for Bugs

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Bitcoin Below USD 40K, Ethereum Loses USD 3K, Altcoins Dive

Posted: 11 Apr 2022 09:21 PM PDT

 
Bitcoin price struggled to start a decent recovery wave above USD 42,500 and traded below USD 40,000. It is currently (04:08 UTC) trying to recover near USD 39,700 after testing almost USD 39,400.
Similarly, most major altcoins are gaining bearish momentum. ETH traded below the key USD 3,000 support zone. XRP is gaining pace and there was a brief move below USD 0.70. ADA could soon test the USD 0.90 support zone.
Total market capitalization...
Read More: Bitcoin Below USD 40K, Ethereum Loses USD 3K, Altcoins Dive

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Small Argentine Town Turns to Crypto Mining to Pay for Improvements

Posted: 11 Apr 2022 05:00 PM PDT

 
A small town in rural Argentina has decided to invest in crypto mining hardware in a bid to raise money to pay for improved rail connections and "beat inflation."
Ambito reported that the initiative is being pioneered by a group headed by Juan Pio Drovetta, the Mayor of Serodino, a town of 6,000 residents in the Iriondo Department, in Argentina's Santa Fe Province....
Read More: Small Argentine Town Turns to Crypto Mining to Pay for Improvements

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