Cryptonews

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Cryptonews

Belgian Museum Tokenizes Million-Euro Masterpiece to Allow its Fractional Ownership

Posted: 10 May 2022 01:00 PM PDT

 
The Royal Museum of Fine Arts Antwerp (KMSKA) in Belgium is working with two blockchain companies to tokenize Carnaval de Binche, a million-euro painting by Belgian artist James Ensor, to allow everyone to become a "co-owner" of the masterpiece....
Read More: Belgian Museum Tokenizes Million-Euro Masterpiece to Allow its Fractional Ownership

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Bitcoin Miners About to Be Hit With Record Difficulty as Profitability Drops

Posted: 10 May 2022 10:00 AM PDT

 
Work is about to become harder for Bitcoin (BTC) miners, as mining difficulty is set for another all-time high (ATH) in a matter of hours, which will be the second one in a row, once again cutting into the already decreasing profit margins of miners. ...
Read More: Bitcoin Miners About to Be Hit With Record Difficulty as Profitability Drops

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KuCoin Valued at USD 10B, Three New Crypto ETFs, Circle's 'Decentralized Identity' + More News

Posted: 10 May 2022 08:29 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: KuCoin Valued at USD 10B, Three New Crypto ETFs, Circle's 'Decentralized Identity' + More News

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Sand Dollar CBDC Could ‘Foster Financial Inclusion’ in the Bahamas - IMF

Posted: 10 May 2022 06:30 AM PDT

 
The Sand Dollar, a central bank digital currency (CBDC) developed by the Bahamas, has the potential to "foster financial inclusion and payment system resilience" in the Caribbean nation, a new report from the International Monetary Fund (IMF) has said....
Read More: Sand Dollar CBDC Could 'Foster Financial Inclusion' in the Bahamas - IMF

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Ethereum Outperforms Bitcoin, LUNA Struggles, MKR Rallies

Posted: 10 May 2022 05:19 AM PDT

 
Bitcoin price declined heavily and tested the USD 30,000 support. BTC is currently (11:48 UTC) correcting losses near USD 31,700, but the bears are active near the USD 32,000 zone. A close above USD 32,000 and USD 32,500 might start a stronger increase. BTC is down almost 4% in a day and 18% in a week....
Read More: Ethereum Outperforms Bitcoin, LUNA Struggles, MKR Rallies

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Bitcoin & Crypto Selloff: Liquidations, Extreme Fear, Eyes on MicroStrategy, and Possible Support Levels

Posted: 10 May 2022 04:38 AM PDT

Bitcoin (BTC) and the broader crypto market went into a sharp selloff over the past day, led lower by a de-pegging of the partially BTC-backed stablecoin terraUSD (UST) and a falling risk sentiment globally....
Read More: Bitcoin & Crypto Selloff: Liquidations, Extreme Fear, Eyes on MicroStrategy, and Possible Support Levels

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Azuki Sales Skyrocket as Floor Price Drops by Nearly 45%

Posted: 10 May 2022 03:01 AM PDT

 
Sales of the popular Azuki non-fungible token (NFT) collection have skyrocketed over the past 24 hours after a blog post by the project's pseudonymous founder sent the collection's starting price (floor price) down by 44.8%.
In the blog post, titled "A Builder's Journey," pseudonymous Azuki founder Zagabond admitted to have previously been involved in a few NFT projects that were labeled as "rugpulls" by some in the crypto community....
Read More: Azuki Sales Skyrocket as Floor Price Drops by Nearly 45%

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Putin Bids to Create New International Settlements Platform, Reform Foreign Currency Rules

Posted: 10 May 2022 02:05 AM PDT

 
Russian President Vladimir Putin has spoken of plans to revamp the country's international settlements ecosystem – in a bid to prevent Moscow from sliding into an economic quagmire at the hand of Western-led sanctions.
The nation has been all but frozen out of international trade and the global economic system following the start of the war in Ukraine. But Moscow has responded with a set of countermeasures. ...
Read More: Putin Bids to Create New International Settlements Platform, Reform Foreign Currency Rules

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Conspiracy Theories Abound as Terra Tries to Save UST

Posted: 10 May 2022 01:30 AM PDT

 
TerraUSD (UST), an algorithmic stablecoin hosted by the Terra network and created by South Korea's Terraform Labs, has once again lost its dollar peg after a wave of sell-offs hit the crypto market.
The stablecoin, which is supposed to maintain a value of USD 1 by creating and destroying supply through a swap with Terra's governance and staking token LUNA, dropped to as low as USD 0.666831 at one point over the past 24 hours, according to CoinGecko....
Read More: Conspiracy Theories Abound as Terra Tries to Save UST

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Bukele Showcases Bitcoin City Plans and ‘Buys the BTC Dip’ Amid Stark Warning

Posted: 10 May 2022 12:44 AM PDT

 
After weeks of silence on all things bitcoin (BTC)-related, El Salvador's outspoken President Nayib Bukele has taken to Twitter to announce that his government has bought USD 15.4m worth of BTC – and to showcase plans for Bitcoin City. However, voices of opposition are continuing to issue warnings, with a former chief of the central bank hitting out at Bukele's plans to fund the city's construction with a bitcoin bond issuance....
Read More: Bukele Showcases Bitcoin City Plans and 'Buys the BTC Dip' Amid Stark Warning

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Bitcoin Tests USD 30K, Ethereum Dives, LUNA Halves as UST Loses Peg

Posted: 09 May 2022 08:59 PM PDT

 
Bitcoin price remains in a strong downtrend below the USD 35,000 support level. BTC even dropped below USD 30,000 before recovering. It is currently (04:44 UTC) correcting losses and trading near USD 30,800, but upsides might be limited above USD 32,500. BTC is down almost 9% in a day and 20% in a week....
Read More: Bitcoin Tests USD 30K, Ethereum Dives, LUNA Halves as UST Loses Peg

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Japanese Prime Minister Talks up Japan’s Web3, NFT Focus at Investors Summit

Posted: 09 May 2022 05:00 PM PDT

 
The Japanese Prime Minister Fumio Kishida has stated that Web3-related growth – including metaverse and non-fungible token (NFT)-related developments – will be part of the nation's growth strategy going forward, and called on British business leaders to back his project....
Read More: Japanese Prime Minister Talks up Japan's Web3, NFT Focus at Investors Summit

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Bitcoin On-Chain Metrics Strongest Among Peers - Kraken

Posted: 09 May 2022 01:00 PM PDT

 
Key on-chain metrics tracked by the crypto exchange Kraken show that the Bitcoin (BTC) network last month had healthier on-chain fundamentals than most other blockchain networks, according to a monthly report for April....
Read More: Bitcoin On-Chain Metrics Strongest Among Peers - Kraken

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Crypto Listing and Delisting Announcements: Week 19

Posted: 09 May 2022 10:00 AM PDT

 
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know here.
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AscendEXListings:Project Galaxy (GAL)
 
BiboxListings:StreamCoin (STRM)Musk Melon (MELON)4D Twin Maps (MAP)GodeChain (GODE)
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Read More: Crypto Listing and Delisting Announcements: Week 19

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Instagram Starts Testing NFTs, Roubini's Dollar Replacement Plan, Bitcoin Inflows Return, Ethereum Outflows Slow Down + More News

Posted: 09 May 2022 08:23 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: Instagram Starts Testing NFTs, Roubini's Dollar Replacement Plan, Bitcoin Inflows Return, Ethereum Outflows Slow Down + More News

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Bitcoin and Ethereum Slide, Analysts Look for Possible Bottom

Posted: 09 May 2022 07:37 AM PDT

 
Bitcoin (BTC) crashed to its lowest level since last summer as the number one cryptocurrency broke the USD 32,000 level. The Monday crash came as the broader crypto market sold off over the weekend, led by falling stock prices and fears that terraUSD (UST) could lose its dollar peg. Meanwhile, several analysts pointed to possible bottoms in the sub-30k area....
Read More: Bitcoin and Ethereum Slide, Analysts Look for Possible Bottom

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