Cryptonews

Cryptonews


Financial Stability Risks Grow as War in Europe Complicates Push to Contain Inflation

Posted: 22 Apr 2022 05:00 PM PDT

 
Tobias Adrian is the Financial Counsellor and Director of the International Monetary Fund (IMF)'s Monetary and Capital Markets Department. 
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While no systemic event has materialized, the balance of risks has tilted more firmly to the downside....
Read More: Financial Stability Risks Grow as War in Europe Complicates Push to Contain Inflation

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What Are Wrapped Tokens?

Posted: 22 Apr 2022 01:00 PM PDT

 
Wrapped tokens have opened new opportunities for crypto investors by allowing them to deploy assets from one chain to another in tokenized form.
Read on to learn about wrapped tokens, how they work, and which wrapped coins are the most popular....
Read More: What Are Wrapped Tokens?

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Ethereum's Merge Could Lower Demand for Bitcoin but Regulatory & Technical Challenges Persist

Posted: 22 Apr 2022 10:00 AM PDT

 
Ethereum's (ETH) transition to proof-of-stake (PoS), known as The Merge, will likely lead some current bitcoin (BTC) holders to move part of their capital to ETH, one industry insider argues. Others, meanwhile, say that despite a yield on ETH being attractive, regulatory scrutiny means more uncertainty lies ahead for ethereum investors....
Read More: Ethereum's Merge Could Lower Demand for Bitcoin but Regulatory & Technical Challenges Persist

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Polygon's Supernet, Stripe's Crypto Move, Ulbricht's Bitcoin Deal, Macron on Crypto Regulation + More News

Posted: 22 Apr 2022 08:36 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: Polygon's Supernet, Stripe's Crypto Move, Ulbricht's Bitcoin Deal, Macron on Crypto Regulation + More News

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Bitcoin Price Forecast for 2022 Cut Once Again as Break 'Only' Above USD 80K Now Expected

Posted: 22 Apr 2022 06:53 AM PDT

 
The price of bitcoin (BTC) will hit a peak of USD 81,680 this year, before falling back to USD 65,185 by the end of the year, argued a panel of members from the fintech and crypto industry surveyed by comparison website Finder.com.
The peak of over USD 80,000 was described as "significantly higher" than the current bitcoin price (USD 40,542 as of Friday at 11:17 UTC), but still 15% lower than Finder.com's end-of-year prediction from January of USD 76,360....
Read More: Bitcoin Price Forecast for 2022 Cut Once Again as Break 'Only' Above USD 80K Now Expected

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Binance Regional Head Agreed to Hand Client Data to Russia After Meeting – Reuters

Posted: 22 Apr 2022 06:24 AM PDT

 
A local representative for the major crypto exchange Binance has reportedly met with Russia's financial intelligence unit, Rosfin, with officials asking the exchange to hand over client data to "help them fight crime." Permission to hand over data was granted by a regional head of the exchange, Reuters reported today. ...
Read More: Binance Regional Head Agreed to Hand Client Data to Russia After Meeting – Reuters

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Bitcoin and Ethereum Hold Downtrend Support, TRX and DCR Trim Gains

Posted: 22 Apr 2022 05:07 AM PDT

 
Bitcoin price started a fresh decline below the USD 41,200 support zone and spiked below the USD 40,000 support before recovering. It is currently (11:49 UTC) consolidating near the USD 40,500 level. BTC is down almost 5% in a day, trimming its weekly gains to 1%.
Similarly, most major altcoins are holding downtrend support. ETH managed to stay above the USD 2,950 support zone. XRP tested USD 0.72 while ADA is consolidating above the USD 0.90 support....
Read More: Bitcoin and Ethereum Hold Downtrend Support, TRX and DCR Trim Gains

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Ukrainian Central Bank’s ‘Quasi-Cash Transaction’ Restrictions Could Affect Crypto Users

Posted: 22 Apr 2022 04:18 AM PDT

 
Ukraine's central bank, the National Bank of Ukraine (NBU), has placed additional restrictions on its citizens' cross-border money and asset transfers, a measure that will affect crypto transactions....
Read More: Ukrainian Central Bank's 'Quasi-Cash Transaction' Restrictions Could Affect Crypto Users

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‘PoS Fanatics Attacking PoW are Actual Supervillains’, Kraken’s Powell Says as US Politicians Charge

Posted: 22 Apr 2022 03:32 AM PDT

 
A letter by a group of Democratic members of the US Congress attacking proof-of-work (PoW) mining and praising proof-of-stake (PoS) is causing an uproar in the Bitcoin (BTC) community, with crypto exchange Kraken CEO Jesse Powell claiming that "PoS fanatics attacking PoW are actual supervillains."...
Read More: 'PoS Fanatics Attacking PoW are Actual Supervillains', Kraken's Powell Says as US Politicians Charge

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Ridley Scott's Company Joins Ethereum Movie Project

Posted: 22 Apr 2022 02:12 AM PDT

 
Scott Free Productions, a movie and TV production company co-founded by filmmaker Ridley Scott, whose 2000 film Gladiator won the Academy Award for Best Picture, has joined the project to produce a movie that will explore the birth and rise of the Ethereum (ETH) blockchain. 
Based on the book The Infinite Machine by Camila Russo, the movie is to be written and directed by Shyam Madiraju....
Read More: Ridley Scott's Company Joins Ethereum Movie Project

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Russian Tax Body Suggests Allowing Crypto Pay in Trade Deals, Digital Ruble May Be Ready by 2023

Posted: 22 Apr 2022 01:09 AM PDT

 
The Russian tax agency reportedly wants to allow companies involved in cross-border trade to accept crypto as a form of payment – and pay foreign exporters in cryptoassets. And the Central Bank has claimed that its digital ruble could be ready as soon as next year....
Read More: Russian Tax Body Suggests Allowing Crypto Pay in Trade Deals, Digital Ruble May Be Ready by 2023

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Bitcoin and Ethereum Reverse Gains, TRX and DCR Rally

Posted: 21 Apr 2022 09:21 PM PDT

 
Bitcoin price broke the USD 42,500 level, but it failed to surpass USD 43,200. There was a sharp bearish wave and the price is currently (04:05 UTC) trading near USD 40,500. BTC is down almost 3% in a day, trimming its weekly gains to less than 2%.
Similarly, most major altcoins reversed gains. ETH declined below the USD 3,050 support zone. XRP broke the USD 0.75 support to move into a bearish zone. ADA is approaching the USD 0.90 support zone....
Read More: Bitcoin and Ethereum Reverse Gains, TRX and DCR Rally

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Chinese Man Uses Digital Yuan to Pay Court-issued Fine in Legal First

Posted: 21 Apr 2022 05:00 PM PDT

 
Chinese media outlets have been reporting on a new first for the digital yuan – with the central bank-issued token used to pay a court-issued fine for the first time.
Per Chinaqw, on April 19, a man surnamed Wei, the plaintiff in a motor vehicle traffic accident liability dispute case, had been handed a fine of just over USD 105 by the People's Court in the Lucheng District of Wenzhou, a city in Zhejiang Province....
Read More: Chinese Man Uses Digital Yuan to Pay Court-issued Fine in Legal First

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Australian Regulator Develops New Policy Roadmap for Crypto

Posted: 21 Apr 2022 01:00 PM PDT

 
The Australian Prudential Regulation Authority (APRA) released a set of initial risk management expectations for all regulated entities involved in activities related to cryptoassets. The regulator also issued a policy roadmap until 2025....
Read More: Australian Regulator Develops New Policy Roadmap for Crypto

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Thanks to DeFi, Ethereum Edges Out Bitcoin in Global Realized Crypto Gains

Posted: 21 Apr 2022 09:49 AM PDT

 
Ethereum (ETH) edged out bitcoin (BTC) in a ranking of the top cryptoassets by realized gains in the world, with USD 76.3bn taken out in fiat profits last year, compared with USD 74.7bn in realized profits for bitcoin, according to blockchain intelligence firm Chainalysis....
Read More: Thanks to DeFi, Ethereum Edges Out Bitcoin in Global Realized Crypto Gains

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Binance Limits Its Services in Russia, New Crypto Investments, Kadena's Grants + More News

Posted: 21 Apr 2022 08:47 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.______...
Read More: Binance Limits Its Services in Russia, New Crypto Investments, Kadena's Grants + More News

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