Cryptonews

Cryptonews


Axie Infinity’s Post-Hack Metrics Beckon Optimism, Not Despair

Posted: 29 Apr 2022 11:00 AM PDT

 
Daniel C. Park is the data journalist at Covalent, a blockchain data specialist. ______   
The theft of USD 625m from Ronin unfazed Axie Infinity players' bullish feelings, a remarkable tale and test of brand loyalty that validates Sky Mavis' USD 3bn valuation.
The cascade of SLP and AXS withdrawals never manifested. Not after Binance resumed withdrawals or before Sky Mavis announced it had raised USD 150m to reimburse victims....
Read More: Axie Infinity's Post-Hack Metrics Beckon Optimism, Not Despair

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DeFi Transactions at One-Year Low, NFTs and Games Standing Strong

Posted: 29 Apr 2022 09:25 AM PDT

 
Transactions related to decentralized finance (DeFi) applications have hit a one-year low, with DeFi being the niche within crypto that is most affected by this year's downturn in crypto prices, a new report from the decentralized application tracking site DappRadar has said....
Read More: DeFi Transactions at One-Year Low, NFTs and Games Standing Strong

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US Labor Department on Bitcoin Pensions, Coinbase Intelligence & NFTs + More News

Posted: 29 Apr 2022 08:44 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: US Labor Department on Bitcoin Pensions, Coinbase Intelligence & NFTs + More News

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Crypto Adoption Continuing in Developing Countries Despite Price Drop

Posted: 29 Apr 2022 07:44 AM PDT

 
Despite a challenging backdrop with rising rates and falling stock prices, real-world adoption of crypto is continuing, with developing countries known for depreciating fiat currencies having the highest levels of crypto adoption worldwide, a new report from DappRadar has said....
Read More: Crypto Adoption Continuing in Developing Countries Despite Price Drop

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Binance Bans These Kremlin-Linked Users as Russia Keeps Killing Ukrainians and Sanctions Mount

Posted: 29 Apr 2022 07:17 AM PDT

 
Major crypto exchange Binance has decided to shut down a number of accounts linked to relatives of senior Russian decision-makers in response to the intensifying Western sanctions on the country triggered by its invasion of Ukraine....
Read More: Binance Bans These Kremlin-Linked Users as Russia Keeps Killing Ukrainians and Sanctions Mount

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DeFi on Ethereum L2 Networks Sees Significant Growth, Even as Ethereum Fee Level Falls

Posted: 29 Apr 2022 06:08 AM PDT

 
Total value locked (TVL) in decentralized finance (DeFi) platforms built on Layer-2 networks for Ethereum (ETH) rose by a massive 964% in the first quarter compared to the same quarter last year, even as average transaction fees on Ethereum's base layer fell by 80%....
Read More: DeFi on Ethereum L2 Networks Sees Significant Growth, Even as Ethereum Fee Level Falls

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Bitcoin and Ethereum Fail Near Crucial Juncture, NEXO Rallies

Posted: 29 Apr 2022 04:59 AM PDT

 
Bitcoin price spiked above USD 40,000, but there was no upside continuation. It is currently (11:49 UTC) trimming gains and trading below USD 38,900. BTC is down 2% in a day and more than 3% in a week.
Similarly, most major altcoins are trimming gains. ETH declined heavily after it failed to test the USD 3,000 resistance. XRP is down over 4% and approaching the USD 0.60 support. ADA tested the key USD 0.805 support zone.
Total market capitalization...
Read More: Bitcoin and Ethereum Fail Near Crucial Juncture, NEXO Rallies

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7 in 10 Retail and Institutional Investors Plan to Buy More Crypto, Bitstamp Survey Finds

Posted: 29 Apr 2022 04:22 AM PDT

 
Most investors plan to spend more on crypto in the next five years, a new survey has found – with both retail and institutional investors looking to delve further into the sector.
The survey was conducted by the crypto exchange Bitstamp, which found that 73% of retail investors and 72% of institutional investors stated that they plan to buy more tokens over the course of the next five years....
Read More: 7 in 10 Retail and Institutional Investors Plan to Buy More Crypto, Bitstamp Survey Finds

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Roger Ver Embraces Dogecoin After Bitcoin Cash Loses 50% Against Bitcoin

Posted: 29 Apr 2022 03:44 AM PDT

 
Roger Ver, the early Bitcoin (BTC) evangelist-turned Bitcoin Cash (BCH) supporter known as 'Bitcoin Jesus', is now voicing his support for Dogecoin (DOGE), calling it better than BTC. The strange turn of events comes as BCH continues to lose ground against its competitor BTC.
Speaking in an interview with Bloomberg on Thursday, Ver said that "dogecoin is significantly better [than bitcoin]," adding that "it's cheaper and more reliable."...
Read More: Roger Ver Embraces Dogecoin After Bitcoin Cash Loses 50% Against Bitcoin

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Robinhood Opens Crypto Wallets to 2M Clients, Bets on Global Bitcoin Remittances

Posted: 29 Apr 2022 03:00 AM PDT

 
Earlier this month, the US online trading platform Robinhood provided about 2m customers from its waitlist with crypto wallets, and this week completed the full roll-out of this functionality to all clients, the company said on the occasion of the release of its results for the first quarter of 2022....
Read More: Robinhood Opens Crypto Wallets to 2M Clients, Bets on Global Bitcoin Remittances

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Goldman Sachs Confirms It Granted a Lender a Bitcoin-backed Loan

Posted: 29 Apr 2022 12:47 AM PDT

 
The American investment banking heavyweight Goldman Sachs has granted a customer a cash loan backed by bitcoin (BTC).
Bloomberg reported that Goldman Sachs had confirmed that it had lent cash in a deal that was "collateralized by bitcoin owned by the borrower," per "a spokeswoman for the bank."...
Read More: Goldman Sachs Confirms It Granted a Lender a Bitcoin-backed Loan

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Bitcoin and Ethereum Remain Supported, BNB Moves Higher

Posted: 28 Apr 2022 09:13 PM PDT

 
Bitcoin price started a fresh upside correction from the USD 38,500 zone and was able to surpass the USD 39,500 resistance level. It is currently (04:00 UTC) consolidating and eyeing an upside break above the USD 40,000 resistance. BTC is almost unchanged in a day and down almost 3% in a week....
Read More: Bitcoin and Ethereum Remain Supported, BNB Moves Higher

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Digital Yuan Now Being Used to Pay Taxes in Chinese Pilot Zones

Posted: 28 Apr 2022 05:00 PM PDT

 
Some Chinese citizens now appear to be paying their taxes in the digital yuan, with the pilot gathering pace in the nation's fast-growing pilot area.
Per Hangzhou.com, a number of government organs in Zhejiang province are trialing solutions that involve "the online transfer of digital yuan" to pay taxes, with the cities of Hangzhou, Shaoxing, and Jinhua launching digital CNY tax payment solutions....
Read More: Digital Yuan Now Being Used to Pay Taxes in Chinese Pilot Zones

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Here's How NFT Owners Trade and What Tools They Use

Posted: 28 Apr 2022 01:00 PM PDT

 
Close to half of the surveyed non-fungible token (NFT) owners actively trade NFTs to earn profits, while the other half of holders mainly bought their NFTs either "to collect" or "for their utility," according to a survey conducted by coin tracking site CoinGecko on Twitter....
Read More: Here's How NFT Owners Trade and What Tools They Use

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New Generation of Crypto Investors Takes Responsibility Back, Tech Investor Says

Posted: 28 Apr 2022 10:00 AM PDT

 
Crypto has brought in a new generation of investors who identify at a personal level with what they invest in, and they're not necessarily calling for the regulator as soon as they face problems, according to a European blockchain and technology investor....
Read More: New Generation of Crypto Investors Takes Responsibility Back, Tech Investor Says

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Crypto Trading Volume Falls for Sixth Month, US GDP Disappoints + More News

Posted: 28 Apr 2022 08:39 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: Crypto Trading Volume Falls for Sixth Month, US GDP Disappoints + More News

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