Cryptonews

Cryptonews


Bitcoin and Ethereum Hold Key Support Levels, TRX Accelerates

Posted: 24 May 2022 04:56 AM PDT

 
Bitcoin price started another decline from the USD 30,500 resistance zone and dropped below the USD 29,500 support level. However, it is currently (11:45 UTC) consolidating near USD 29,300 and still holds the key USD 28,500 support level. BTC is down almost 4% in a day and 2% in a week....
Read More: Bitcoin and Ethereum Hold Key Support Levels, TRX Accelerates

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Digital Dollar Would Undermine Banks, No Compelling Case for It, US Bankers Argue

Posted: 24 May 2022 03:45 AM PDT

 
The purported benefits of a central bank digital currency (CBDC) in the United States are "uncertain and unlikely to be realized," and there is no compelling case for it, the American Bankers Association (ABA) has said in a letter to the US Federal Reserve (Fed). The letter also warned that a CBDC could undermine the banks' business model....
Read More: Digital Dollar Would Undermine Banks, No Compelling Case for It, US Bankers Argue

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IMF Chief Speaks of Crypto ‘Pyramid’ Concerns – But Also ‘Begs’ Not to Abandon Crypto Progress

Posted: 24 May 2022 02:46 AM PDT

 
The head of the International Monetary Fund (IMF) has waded into the terra (LUNA) and UST fallout – seemingly labeling the project a "pyramid," while also urging regulators to consider the "importance" of the world of crypto and central bank digital currencies (CBDCs).
Bloomberg quoted Kristalina Georgieva, the IMF's Managing Director, as telling attendees at the World Economic Forum in Davos....
Read More: IMF Chief Speaks of Crypto 'Pyramid' Concerns – But Also 'Begs' Not to Abandon Crypto Progress

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People Want Digital Cash, Governments Need to Accept That, Circle CEO Says

Posted: 24 May 2022 01:45 AM PDT

 
There is a reason that "cash is king," and people around the world want a digital form of cash that is private, offers final settlement, and cannot be "turned off" by a central party, argued Jeremy Allaire, co-founder and CEO of digital payments company Circle.
Allaire said that for the benefits of cash to be brought into the digital economy, and potentially make remittances cheaper, governments first need to accept that this is something people want....
Read More: People Want Digital Cash, Governments Need to Accept That, Circle CEO Says

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Terra 'Revival Plan 2' Set to Pass, But There is Still Confusion within Community

Posted: 24 May 2022 12:59 AM PDT

 
The Terra (LUNA) ecosystem "Revival Plan 2," the latest revival plan proposed by the Terraform Labs founder and CEO Do Kwon that was put to vote last week, is nearing its deadline and is set to be confirmed.
By Tuesday morning (UTC time), 66.33% of participants have voted in the support of the proposal, 20.83% have abstained from voting, 0.36% have voted "no," while 12.48% have voted "no with veto," which suggests they strongly disagree....
Read More: Terra 'Revival Plan 2' Set to Pass, But There is Still Confusion within Community

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Bitcoin and Ethereum Keep Failing Near Key Hurdles, LRC Rallies

Posted: 23 May 2022 09:20 PM PDT

 
Bitcoin price attempted an upside break above the key USD 30,500 resistance zone, but failed to gain strength for a clear move and corrected lower. It is currently (04:03 UTC) down 3% in a day and is trading near USD 29,300. BTC is also down 2% in a week.
Similarly, most major altcoins struggled to clear key hurdles. ETH topped near USD 2,080 and declined below USD 2,000. XRP could decline sharply if it trades below USD 0.40. ADA failed to stay above USD 0.55....
Read More: Bitcoin and Ethereum Keep Failing Near Key Hurdles, LRC Rallies

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Woman Gets 5-year Jail Term After Stealing USD 87K Worth of Crypto in Dating App Scam

Posted: 23 May 2022 05:00 PM PDT

 
A South Korean woman who met a man on a smartphone chat app, drugged him, and stole USD 87,000 in crypto from his phone has been sentenced to five years in prison....
Read More: Woman Gets 5-year Jail Term After Stealing USD 87K Worth of Crypto in Dating App Scam

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Japanese Opposition Leader Urges Crypto Tax Reform to Provide Nation with Web3 Boost

Posted: 23 May 2022 01:00 PM PDT

 
Japan could be set to overhaul its crypto tax system – with opposition leaders joining a chorus of MPs and business leaders calling for a change in tax law to stop an "outflow" of crypto-related talent and convince Japanese crypto firms not to relocate overseas....
Read More: Japanese Opposition Leader Urges Crypto Tax Reform to Provide Nation with Web3 Boost

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Bitcoin & Crypto Fund Flows Turn Negative, Continued Headwinds Likely

Posted: 23 May 2022 10:00 AM PDT

 
Crypto fund flows turned negative last week, after strong inflows the week before, bringing total assets under management to their lowest since July 2021. In addition, both on-chain signals and the crypto derivatives market is painting a bleak picture for the near term....
Read More: Bitcoin & Crypto Fund Flows Turn Negative, Continued Headwinds Likely

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Crypto Listing and Delisting Announcements: Week 21

Posted: 23 May 2022 09:18 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.
_________________________________________
BiboxListings: AnonyDoxx (ADXX)Novem Token (NVM)Novem Gold Token (NNN)Energy8 (E8)bitcoin ETF (BITC)USD (USDD)
 ...
Read More: Crypto Listing and Delisting Announcements: Week 21

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Poorer Americans Are More Likely to Use Crypto, GameStop's Ethereum Wallet, eBay's NFTs + More News

Posted: 23 May 2022 08:38 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.
_________
___(Updated at 16:25 UTC with the Economics news section.)...
Read More: Poorer Americans Are More Likely to Use Crypto, GameStop's Ethereum Wallet, eBay's NFTs + More News

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SWIFT, Capgemini Team Up On Developing Global CBDC Interlinks

Posted: 23 May 2022 07:30 AM PDT

 
Global payments network Society for Worldwide Interbank Financial Telecommunication (SWIFT) is partnering with French consultancy Capgemini to conduct new experiments and test how domestic central bank digital currencies (CBDCs) can be interlinked, taking the next step toward cross-border payments utilizing such currencies....
Read More: SWIFT, Capgemini Team Up On Developing Global CBDC Interlinks

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Banks Exploring Blockchain, Tokenization Again is a ‘Fire Signal We’re in a Bear Market’

Posted: 23 May 2022 06:43 AM PDT

 
Certain large investment banks are again exploring how blockchain technology and tokenization of assets can make their own operations more efficient -- but for some in the crypto community, the banks' moves in crypto resemble something they have seen before....
Read More: Banks Exploring Blockchain, Tokenization Again is a 'Fire Signal We're in a Bear Market'

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Watch & 'Invest in Peace': Ukrainian Deputy PM Raps to Encourage More Crypto Donations

Posted: 23 May 2022 06:00 AM PDT

 
Ukrainian blockchain business Everstake expressed their hope that the government-led Aid for Ukraine organization could benefit from more support from across the world -- and this led them to release a rap video featuring animated pigeons and Mykhailo Fedorov, Ukraine's Deputy Prime Minister and Minister of Digital Transformation....
Read More: Watch & 'Invest in Peace': Ukrainian Deputy PM Raps to Encourage More Crypto Donations

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OpenSea’s New Marketplace Protocol Could Become ‘Uniswap Moment’ of NFTs

Posted: 23 May 2022 05:40 AM PDT

 
The popular non-fungible token (NFT) marketplace OpenSea has unveiled a new protocol that allows anyone to set up new and decentralized NFT marketplaces. And judging from some members of the community, the protocol could become the "Uniswap moment" of NFTs....
Read More: OpenSea's New Marketplace Protocol Could Become 'Uniswap Moment' of NFTs

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Bitcoin and Ethereum Inch Higher, NEO and FTM Rally

Posted: 23 May 2022 04:43 AM PDT

 
Bitcoin price is showing positive signs above the USD 29,500 pivot level and is currently (11:30 UTC) testing the USD 30,500 level, having increased almost 2% in a day. It's still down almost 3% in a week.
Similarly, most major altcoins are also moving higher. ETH must clear USD 2,120 to gain momentum. XRP is facing a key breakout zone near USD 0.45. ADA might revisit the USD 0.60 resistance zone.
Total market capitalization
 ...
Read More: Bitcoin and Ethereum Inch Higher, NEO and FTM Rally

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