Cryptonews

Cryptonews


As inflation ‘Mellows Out’, a Bottom in Crypto is Likely in ‘The Back Half of 2022’ – VC Investor

Posted: 27 May 2022 01:00 PM PDT

 
Inflation could start to "mellow out" towards the end of the year, giving the crypto market a chance to form a bottom later in 2022, Chris Burniske, a partner at the crypto-focused venture capital firm Placeholder Ventures, has predicted....
Read More: As inflation 'Mellows Out', a Bottom in Crypto is Likely in 'The Back Half of 2022' – VC Investor

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Sideways Markets Not a New Thing for Bitcoin: An Overview of Bitcoin Consolidations

Posted: 27 May 2022 10:00 AM PDT

 
Bitcoin (BTC) trading sideways may be boring for those trying to profit from the price swings, but it is far from a new thing for the original cryptocurrency to do (relatively) nothing....
Read More: Sideways Markets Not a New Thing for Bitcoin: An Overview of Bitcoin Consolidations

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Russia Mulling Allowing Crypto for International Payments, Fed Vice Chair Sees Place for Digital Dollar, NFT Game Blocks Users in China + More News

Posted: 27 May 2022 08:30 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: Russia Mulling Allowing Crypto for International Payments, Fed Vice Chair Sees Place for Digital Dollar, NFT Game Blocks Users in China + More News

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Crypto Should Move Away from Relying on ‘Endless Growth’, Vitalik Buterin Argues

Posted: 27 May 2022 08:01 AM PDT

 
In order to ensure safety, crypto projects should move away from an attitude of relying on "endless growth," despite the arguments that the fiat world works in the exact same way, Ethereum (ETH) co-founder Vitalik Buterin has stated....
Read More: Crypto Should Move Away from Relying on 'Endless Growth', Vitalik Buterin Argues

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Terra’s New Chain Launch Pushed to Saturday, NFT Projects Get an Invite to Move to Polygon

Posted: 27 May 2022 07:13 AM PDT

 
The launch of the new Terra (LUNA) blockchain has been pushed back one day and is now expected to go live this Saturday. The launch is readying as the Terra community voted to burn a portion of the old terraUSD (UST) supply, while some projects are migrating to other blockchains....
Read More: Terra's New Chain Launch Pushed to Saturday, NFT Projects Get an Invite to Move to Polygon

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PM Says Web 3 Is an Opportunity for Japanese ‘Economic Growth’

Posted: 27 May 2022 06:30 AM PDT

 
The Japanese Prime Minister has spoken to the nation's parliament about Web 3, claiming that it will spark economic growth – a further indication that pro-business legal reform could be on the cards in the nation.
The Japanese media outlet CoinPost reported that the PM, Fumio Kishida, made his announcement before the House of Representatives (the lower house)'s Budget Committee yesterday, where he said:...
Read More: PM Says Web 3 Is an Opportunity for Japanese 'Economic Growth'

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Bitcoin and Ethereum at Risk of More Losses, Altcoins May Extend Declines

Posted: 27 May 2022 05:17 AM PDT

 
Bitcoin price recovered above the USD 28,500 zone. BTC attempted an upside break but struggled above USD 29,000. It is currently (11:50 UTC) struggling and might continue to move down towards the USD 27,500 level.
Besides, most major altcoins are showing bearish signs. ETH settled below USD 1,800 and might test USD 1,700. XRP could recover if it clears USD 0.40. ADA is consolidating above the USD 0.45 support.
Total market capitalization...
Read More: Bitcoin and Ethereum at Risk of More Losses, Altcoins May Extend Declines

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Decoupling of Crypto and Stocks 'Driven by Fund Redemptions', 'Should Cease' Today as Stock Markets Close

Posted: 27 May 2022 04:16 AM PDT

 
After much talk in recent years about an increasing correlation between stocks and bitcoin (BTC), a 'decoupling' between the two has been observed in May, as BTC has fallen significantly more than stocks. But according to an observer, bitcoin could find support as soon as the stock market closes for the week....
Read More: Decoupling of Crypto and Stocks 'Driven by Fund Redemptions', 'Should Cease' Today as Stock Markets Close

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MetaMask Aims to Help Crypto Scam & Phishing Victims Take Legal Action Against Fraudsters

Posted: 27 May 2022 03:00 AM PDT

 
The browser-based crypto wallet provider MetaMask has announced that it will attempt to aid users who fall prey to crypto-related scams and phishing attacks in their quests to recoup lost or stolen assets....
Read More: MetaMask Aims to Help Crypto Scam & Phishing Victims Take Legal Action Against Fraudsters

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Fed Has ‘Limited Firepower’ for Rate Hikes, Current Expectations Already Priced in for Bitcoin - CoinShares

Posted: 27 May 2022 02:00 AM PDT

 
The US Federal Reserve (Fed) has "limited firepower" to raise interest rates due to high oil prices and a threat of recession -- and this could lead to higher bitcoin (BTC) prices, the crypto research and investment firm CoinShares has said. Meanwhile, others also remain positive for the long-term, saying bitcoin's network effects make it likely to succeed....
Read More: Fed Has 'Limited Firepower' for Rate Hikes, Current Expectations Already Priced in for Bitcoin - CoinShares

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Police Reportedly Looking into Allegations that a Terraform Staffer ‘Embezzled’ Funds

Posted: 27 May 2022 01:13 AM PDT

 
South Korean police could reportedly take over from the "Yeouido Grim Reaper" financial crimes investigation unit in the probe of Terraform Labs after "embezzlement" charges were leveled at an unnamed employee....
Read More: Police Reportedly Looking into Allegations that a Terraform Staffer 'Embezzled' Funds

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Ethereum, Altcoins Keep Dropping Against Bitcoin

Posted: 26 May 2022 09:25 PM PDT

 
Bitcoin price failed to stay above the USD 28,500 support zone and declined to USD 27,500 before there was a recovery wave. It is currently (04:05 UTC) consolidating losses near USD 29,000  and is down almost 3% in a day and 4% in a week.
Besides, most major altcoins gained bearish momentum but are not trying to recover losses. ETH is still down 9% and is trading below the USD 1,800 level. XRP is might extend losses toward USD 0.365. ADA declined 9% and tested USD 0.455....
Read More: Ethereum, Altcoins Keep Dropping Against Bitcoin

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This Is How NFTs Will Transform Data Ownership in the Metaverse

Posted: 26 May 2022 05:00 PM PDT

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Read More: This Is How NFTs Will Transform Data Ownership in the Metaverse

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Central African Republic Moves Ahead With Its Crypto Hub Initiative Despite World Bank's Concerns

Posted: 26 May 2022 01:00 PM PDT

 
Central African Republic (CAR) President Faustin-Archange Touadéra is readying to launch a new crypto project, dubbed Sango - the first crypto initiative that is designed to strengthen the country's image as an emerging African crypto hub. 
"For us, formal economy is no longer an option," the president said in a statement released on his official Twitter account, stating: ...
Read More: Central African Republic Moves Ahead With Its Crypto Hub Initiative Despite World Bank's Concerns

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Goblins Flip Bored Apes in 24 Hours to Become the Top Collection

Posted: 26 May 2022 11:00 AM PDT

 
The grotesque creature-themed Goblin Town non-fungible tokens (NFT) project has flipped the popular NFT project Bored Ape Yacht Club (BAYC) to become the top collection in terms of sales volume over the past 24 hours.
The project has recorded nearly USD 8.5m in sales over the past day, up by just below 1,000% compared to the day before (by 11:15 UTC on Thursday), according to NFT data aggregator CryptoSlam....
Read More: Goblins Flip Bored Apes in 24 Hours to Become the Top Collection

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Inflation Might Bring New Crypto Users, Tethered Peso, the Price of Zuckerberg's Meta Ambitions + More News

Posted: 26 May 2022 09:22 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: Inflation Might Bring New Crypto Users, Tethered Peso, the Price of Zuckerberg's Meta Ambitions + More News

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