Cryptonews

Cryptonews


MakerDAO ‘Endgame Plan’ Calls for Specialized DAOs, Says Protocol is Held Back by Complexity

Posted: 03 Jun 2022 07:05 AM PDT

 
A detailed proposal to bring the MakerDAO (MKR) protocol to a "predetermined, immutable end state" by setting up several new decentralized autonomous organizations (DAO) has been published by the protocol's founder Rune Christensen. The plan aims to improve governance and tap into "the raw power of modern [decentralzed finance] (DeFi) innovation."...
Read More: MakerDAO 'Endgame Plan' Calls for Specialized DAOs, Says Protocol is Held Back by Complexity

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USD 25K-USD 27K per Bitcoin Is ‘This Cycle’s Bottom’ - Arthur Hayes

Posted: 03 Jun 2022 05:46 AM PDT

 
If it is true that the Luna Foundation Guard (LFG) really sold 80,000 bitcoin (BTC) to defend the terraUSD's (UST) peg during its meltdown, it is likely that USD 25,000 to USD 27,000 is the bottom of this bitcoin market cycle, according to crypto essayist and former BitMEX CEO Arthur Hayes....
Read More: USD 25K-USD 27K per Bitcoin Is 'This Cycle's Bottom' - Arthur Hayes

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Bitcoin, Ethereum, and Altcoins Trim Gains, ICP Still Outperforms

Posted: 03 Jun 2022 05:12 AM PDT

 
Bitcoin price attempted a fresh increase above the USD 30,500 resistance but it failed to clear the USD 31,200 resistance. BTC is currently (11:52 UTC) trading near USD 29,800 and is down 1% in a day, but is still up 4% in a week.
Similarly, most major altcoins are also moving lower. ETH is down over 4% and trading below USD 1,800. XRP is back below USD 0.40 and remains at a risk of more losses. ADA remained below the key USD 0.60 resistance zone....
Read More: Bitcoin, Ethereum, and Altcoins Trim Gains, ICP Still Outperforms

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Big Wallets Exited Anchor/UST While Smaller Fish Continued to Invest - Jump Crypto

Posted: 03 Jun 2022 04:23 AM PDT

 
A number of bigger Terra (LUNA) ecosystem investors abandoned their positions as the terraUSD (UST) peg began to slip away last month – with smaller-scale investors continuing to buy as the coin's price plummeted, according to the trading firm Jump Trading Group's crypto arm Jump Crypto. ...
Read More: Big Wallets Exited Anchor/UST While Smaller Fish Continued to Invest - Jump Crypto

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New York State to Ban Carbon-Powered Bitcoin, Altcoin Mining, While Kenya Fosters Green BTC

Posted: 03 Jun 2022 03:14 AM PDT

 
As regulators across the world work to adopt varying stances on crypto mining, the US state of New York and the East African country of Kenya offer two examples of how legislators can thwart or foster crypto innovation through their initiatives....
Read More: New York State to Ban Carbon-Powered Bitcoin, Altcoin Mining, While Kenya Fosters Green BTC

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Japanese Parliament Green-lights Stablecoin Legislation, FTX Makes Official Japanese Debut

Posted: 03 Jun 2022 02:17 AM PDT

 
Japan's upper parliamentary house, the House of Councillors, has approved a legal amendment that will police stablecoin issuance and ensure that only regulated companies are allowed to issue cryptoassets....
Read More: Japanese Parliament Green-lights Stablecoin Legislation, FTX Makes Official Japanese Debut

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Bitcoin and Ethereum Near Key Hurdles, ICP Surges

Posted: 02 Jun 2022 09:16 PM PDT

 
Bitcoin price remained supported above the USD 29,500 level. BTC started a recovery wave above USD 30,000 and is currently (04:04 UTC) trading near USD 30,500. BTC is up almost 3% in a day and 4% in a week.
Similarly, most major altcoins are facing hurdles. ETH is struggling near USD 1,850 while XRP managed to recover above the USD 0.40 pivot level. ADA bears are protecting a clear move above USD 0.60.
Total market capitalization...
Read More: Bitcoin and Ethereum Near Key Hurdles, ICP Surges

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Top 5 Play-to-Earn Games on EOS

Posted: 02 Jun 2022 05:00 PM PDT

 
The play-to-earn (P2E) gaming ecosystem is booming and moving beyond Ethereum (ETH) onto other blockchains that support decentralized applications (dapps). 
Read on to discover five popular play-to-earn blockchain games operating on EOS. 
Before we take a look at EOS blockchain games, let's quickly go over what EOS is and why developers are building P2E games in the EOS ecosystem. ...
Read More: Top 5 Play-to-Earn Games on EOS

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The Crypto Industry Needs to Unite to Bring Together a Global Regulatory Framework

Posted: 02 Jun 2022 01:00 PM PDT

 
Valentina Drofa is the Founder and CEO of Drofa Comms, an international PR consultancy for financial and fintech companies.______...
Read More: The Crypto Industry Needs to Unite to Bring Together a Global Regulatory Framework

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‘Speculative’ Luna Classic Best Seen as a Meme Coin

Posted: 02 Jun 2022 10:00 AM PDT

 
Luna Classic (LUNC) tokens on the old Terra chain – now known as the Terra Classic chain – are still circulating, and remain available on many exchanges. But with the algorithmic stablecoin terraUSD (UST) trading far below its dollar peg, and the ecosystem migrating to the new Terra chain, does the old Luna token still serve a purpose?...
Read More: 'Speculative' Luna Classic Best Seen as a Meme Coin

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Another Bitcoin Mining Scrutiny, Layoffs at Crypto Exchanges, Binance in Canada + More News

Posted: 02 Jun 2022 08:31 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: Another Bitcoin Mining Scrutiny, Layoffs at Crypto Exchanges, Binance in Canada + More News

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Just 18% of Respondents Do Not Expect Bitcoin to Become Legal Tender in 3 Years - Survey

Posted: 02 Jun 2022 07:38 AM PDT

 
Potentially fueling a bullish approach to bitcoin (BTC) investments, only 17.9% of surveyed individuals said that they do not expect BTC to become legal tender within three years, according to a recent report prepared by The Economist Group and commissioned by crypto platform Crypto.com....
Read More: Just 18% of Respondents Do Not Expect Bitcoin to Become Legal Tender in 3 Years - Survey

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Global Insurers Start Investing in Crypto Amid Risk-On Investment Approach

Posted: 02 Jun 2022 05:24 AM PDT

 
Global insurers aim to maintain a risk-on investment approach, with higher allocations to private equity, green bonds, and middle-market corporate loans, but also cryptoassets, according to a report by Goldman Sachs Insurance Asset Management.
The survey represents the views of 328 chief investment officers and chief financial officers handling more than USD 13tn in global balance sheet assets, per the report....
Read More: Global Insurers Start Investing in Crypto Amid Risk-On Investment Approach

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Bitcoin, Ethereum, and Altcoins Try to Recover

Posted: 02 Jun 2022 05:01 AM PDT

 
Bitcoin price moved above the USD 30,000 level again, but BTC must settle above USD 30,500 to start a stronger recovery wave. BTC is now (11:50 UTC) approaching USD 30,100 and is still down almost 5% in a day and up over 1% in a week. 
Similarly, most major altcoins are also trying to recover losses. ETH is facing an increase in selling pressure below USD 1,850. XRP might attempt a recovery wave above the USD 0.40 level. ADA is now trading below the USD 0.60 pivot level....
Read More: Bitcoin, Ethereum, and Altcoins Try to Recover

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GameStop Eyes Incoming NFT Marketplace As Net Loss Widens

Posted: 02 Jun 2022 03:29 AM PDT

 
Following the mixed financial results for the first quarter of the fiscal year 2022, the video game retailer GameStop said that it is taking steps to upgrade its digital asset wallet, with plans to enable transactions on its designed GameStop non-fungible token (NFT) marketplace upon its intended launch in the second fiscal quarter....
Read More: GameStop Eyes Incoming NFT Marketplace As Net Loss Widens

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'NFTs May Be New, but This Criminal Scheme Isn't': Ex-OpenSea Head Arrested for NFT Insider Trading

Posted: 02 Jun 2022 02:30 AM PDT

 
Nathaniel Chastain, former Head of Product at OpenSea, the largest non-fungible token (NFT) marketplace, has been arrested and charged with wire fraud and money laundering in connection with insider trading in NFTs.
On Wednesday, prosecutors in New York's Southern District accused the 31-year-old of "using confidential information about what NFTs were going to be featured on OpenSea's homepage for his personal financial gain."...
Read More: 'NFTs May Be New, but This Criminal Scheme Isn't': Ex-OpenSea Head Arrested for NFT Insider Trading

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