Cryptonews

Cryptonews


Bitcoin and Ethereum Accelerate, ADA, SOL, and More Altcoins Rally

Posted: 04 May 2022 09:25 PM PDT

 
Bitcoin price was able to clear the USD 39,200 resistance level and even tested the USD 40,000 resistance. It is currently (04:08 UTC) consolidating gains above USD 39,700 and might test USD 40,000 again. BTC is up over 4% in a day and 1% in a week.
Similarly, most major altcoins are also gaining pace. ETH broke the USD 2,900 and USD 2,920 resistance levels. XRP broke the key USD 0.65 resistance zone while ADA rallied above USD 0.85.
Total market capitalization...
Read More: Bitcoin and Ethereum Accelerate, ADA, SOL, and More Altcoins Rally

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Brace for More S Korean Altcoins as President-Elect Prepares to Ditch ICO Ban

Posted: 04 May 2022 05:00 PM PDT

 
South Korea's President-Elect Yoon Suk-yeol has indicated he is ready to come good on some of the crypto-related campaign promises that helped him win power earlier this year – and could end an initial coin offering (ICO) ban that dates back to 2017....
Read More: Brace for More S Korean Altcoins as President-Elect Prepares to Ditch ICO Ban

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El Salvador Finance Minister: We’re Waiting for Bitcoin Price Rise Before Issuing BTC Bonds

Posted: 04 May 2022 01:00 PM PDT

 
The Salvadoran government is "waiting for a bitcoin (BTC) price rise" before releasing its long-awaited BTC bonds, the nation's finance minister has claimed.
Per El Salvador's Diario El Mundo, Alejandro Zelaya, the Minister of Finance, refuted notions that there was any kind of "deadline" on the issuance, and rejected allegations that the bonds project has "failed" – an accusation leveled at the government by numerous economic critics....
Read More: El Salvador Finance Minister: We're Waiting for Bitcoin Price Rise Before Issuing BTC Bonds

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Fed Targets Inflation With Expected Half Point Hike, Will Reduce Assets

Posted: 04 May 2022 11:01 AM PDT

 
The US Federal Reserve (Fed) raised interest rates by 0.5 percentage points, to 0.75%-1%, in line with what analysts expected and what Fed Chair Jerome Powell has previously communicated. ...
Read More: Fed Targets Inflation With Expected Half Point Hike, Will Reduce Assets

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New Service Allows You to Get Tipped in Bitcoin to Read Email

Posted: 04 May 2022 10:00 AM PDT

 
As some estimates indicate that more than 333bn emails are sent every day, a new service, Reacher, aims to allow its users to get paid in bitcoin (BTC) to be reached, and potentially filter out a major share of their spam.
The project presents its functionality in five steps: 
Reacher is an open-source project created by software engineer Sam Walker during one of the internal hackathons hosted by crypto payments app Strike....
Read More: New Service Allows You to Get Tipped in Bitcoin to Read Email

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Another Banking Giant Enters Bitcoin & Ethereum, Suspicious 'Smaller Cryptos,' Coinbase Ends Brazilian M&A Talks + More News

Posted: 04 May 2022 08:50 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: Another Banking Giant Enters Bitcoin & Ethereum, Suspicious 'Smaller Cryptos,' Coinbase Ends Brazilian M&A Talks + More News

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Cardano’s Djed Stablecoin Testnet Goes Live, ADA Outperforms

Posted: 04 May 2022 07:40 AM PDT

 
The smart contract platform Cardano (ADA) launched a testnet version of the new algorithmic and decentralized stablecoin Djed, and is requesting feedback from the public. ADA jumped on the news.
At 14:33 UTC, ADA traded at USD 0.83 and was up 5% in a day, becoming the best performer among the top 10 cryptoassets by market capitalization today. ADA erased all its weekly losses but it is still down 30% in a month and 39% in a year....
Read More: Cardano's Djed Stablecoin Testnet Goes Live, ADA Outperforms

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Bitcoin Funds Sees Largest Weekly Outflows in a Year, ‘Hawkish Rhetoric’ to Blame

Posted: 04 May 2022 06:46 AM PDT

 
Investment funds backed by bitcoin (BTC) last week saw their largest outflows for a single week since June of 2021, with USD 132.7m being withdrawn by investors, according to data from the crypto investment and research firm CoinShares....
Read More: Bitcoin Funds Sees Largest Weekly Outflows in a Year, 'Hawkish Rhetoric' to Blame

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Polkadot Becomes a 'Fully Interoperable Multichain' With the Launch of its Cross-Consensus Messaging Format

Posted: 04 May 2022 06:00 AM PDT

 
Popular blockchain protocol Polkadot (DOT) has launched its messaging system XCM (cross-consensus messaging) to enable communication between its various parachains and allow assets like non-fungible tokens (NFTs) to be transferred from one chain to another.
With the launch of this format, Polkadot fulfills its foundational objective to be a fully interoperable multichain ecosystem, the protocol said in a press release shared with Cryptonews.com....
Read More: Polkadot Becomes a 'Fully Interoperable Multichain' With the Launch of its Cross-Consensus Messaging Format

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Elon Musk May Launch Twitter IPO After Takeover - Report

Posted: 04 May 2022 05:35 AM PDT

 
As Elon Musk is advancing his plan to buy Twitter in a deal valued at some USD 44bn, the Tesla CEO has reportedly told potential investors that the social platform could be returned to public ownership after a few years.
Musk declared that he intended to launch Twitter's initial public offering (IPO) perhaps as soon as three years from when he purchases the platform, persons familiar with the matter told The Wall Street Journal. ...
Read More: Elon Musk May Launch Twitter IPO After Takeover - Report

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Bitcoin and Ethereum Try to Recover, APE Pumps and Dumps on Musk’s Move

Posted: 04 May 2022 05:16 AM PDT

 
Bitcoin price remained well bid above the USD 38,000 level, started a short-term upside correction above the USD 38,500 level, and is currently (11:57 UTC) testing the USD 39,000 level. BTC is up over 1% in a day and 2% in a week.
Similarly, most major altcoins are facing key hurdles. ETH must clear USD 2,900 and USD 2,920. XRP is still consolidating near USD 0.615. ADA managed to move above the USD 0.80 resistance level.
Total market capitalization...
Read More: Bitcoin and Ethereum Try to Recover, APE Pumps and Dumps on Musk's Move

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This Level of Transaction Fees Would be 'Truly Acceptable' According to Ethereum's Buterin

Posted: 04 May 2022 03:57 AM PDT

 
Ethereum (ETH) co-founder Vitalik Buterin has said layer 2 (L2) transaction fees need to be under USD 0.05 in order to become "truly acceptable."
The statement came in response to a Twitter post from Ryan Sean Adams, co-founder of Web3 company Bankless and the host of the Bankless podcast, who shared a screenshot of the average transaction fees for some popular Ethereum L2 solutions....
Read More: This Level of Transaction Fees Would be 'Truly Acceptable' According to Ethereum's Buterin

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Otherdeed NFTs Sale Drop by 25%, Pushing Buyers Further Underwater

Posted: 04 May 2022 02:46 AM PDT

 
Most buyers of the hotly-anticipated Otherdeed non-fungible tokens (NFTs) drop are not able to sell their digital land deeds at a profit, due to the high Ethereum (ETH) gas fees they paid during minting, as well as the decreasing demand.
According to NFT data aggregator CryptoSlam, Otherdeed NFTs sales are down by 24.6% over the past 24 hours, with nearly a 45% decline in the number of new buyers....
Read More: Otherdeed NFTs Sale Drop by 25%, Pushing Buyers Further Underwater

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MicroStrategy Considering Yield Generation Options on BTC 95,643 Holdings

Posted: 04 May 2022 01:09 AM PDT

 
The American IT firm MicroStrategy has claimed that it is mulling the possibility of yield generation on its bitcoin (BTC) holdings. At present, the firm holds BTC 129,218 (USD 4.97bn). Most of this figure is "unencumbered," and is held in the name of its subsidiary firm MacroStrategy....
Read More: MicroStrategy Considering Yield Generation Options on BTC 95,643 Holdings

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