Cryptonews

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Cryptonews

How to Stake (Wrapped) Bitcoin: A Beginner’s Guide

Posted: 09 Jul 2022 04:00 AM PDT

The Bitcoin (BTC) network uses a proof-of-work (PoW) consensus protocol to secure the network, which means network participants can earn mining rewards (if they choose to mine the digital currency), but they can't earn staking rewards natively. 
Fortunately, for BTC holders who would like to earn staking rewards on their bitcoin investment, you can tokenize your coins into Wrapped Bitcoin to earn staking rewards in the Ethereum (ETH)-based DeFi ecosystem. ...
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New Voyager's Chapter, 3AC's NFTs, Celsius Payments, Gary Under Pressure and 20 Crypto Jokes

Posted: 09 Jul 2022 03:00 AM PDT

Twitter Says It Won't Let Elon Musk Go as 'Dogecoin CEO' Terminates Deal

Posted: 08 Jul 2022 10:53 PM PDT

A major legal battle, involving the crypto community's preferred social media platform Twitter, and Dogecoin (DOGE) advocate, Tesla's Elon Musk, is in the works.
After the serial entrepreneur said he's terminating his agreement to buy Twitter in a USD 44bn deal, the company vowed to fight back....
Read More: Twitter Says It Won't Let Elon Musk Go as 'Dogecoin CEO' Terminates Deal

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Stop Your Crypto Operations in Russia, Washington Tells Japanese Exchanges & Miners

Posted: 08 Jul 2022 05:00 PM PDT

Washington wants Japanese regulators to convince domestic crypto exchanges and miners to cut all ties with Russia, per a new report.
The Financial Times claimed that American "diplomats" believe "several" Japanese crypto exchanges are "still running in Russia," according to unnamed "people close to the situation."...
Read More: Stop Your Crypto Operations in Russia, Washington Tells Japanese Exchanges & Miners

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Bitcoin Outperforms Gold by Wide Margin After Strong Week

Posted: 08 Jul 2022 01:00 PM PDT

Bitcoin (BTC) finally outperformed gold by a wide margin this week, after a long period where gold has performed significantly better than its digital cousin.
The outperformance of gold by bitcoin came during what has been a strong week for the digital currency, which has moved from just over USD 19,000 on Monday to USD 21,800 as of Friday at 14:48 UTC – a gain of about 13%....
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What are Pools and Farms of DeFi Protocols?

Posted: 08 Jul 2022 10:00 AM PDT

Olga Ortega, the co-founder and CPO of the real-time DeFi explorer AnalytEx by HashEx._______
Currently, there are many decentralized protocols and their use cases, and not everyone is well-versed in the terminology of DeFi to start working with protocols right away. It requires a certain level of knowledge – that is why today we start with figuring out what a liquidity pool or a farm is. ...
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Blockchain.com's USD 270M Exposure to Three Arrows Capital + More News

Posted: 08 Jul 2022 08:10 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: Blockchain.com's USD 270M Exposure to Three Arrows Capital + More News

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Analysts Discuss 'Inherent Resilience' in Bitcoin & Crypto as Rally Fades

Posted: 08 Jul 2022 07:09 AM PDT

Major cryptoassets gave back some of their previous gains in early European trading on Friday after a strong overnight session that briefly sent bitcoin (BTC) above the USD 22,000 mark, helped by improving risk sentiment on Wall Street on Thursday. Despite the losses in early trading, the coin remained in positive territory for the past 24 hours....
Read More: Analysts Discuss 'Inherent Resilience' in Bitcoin & Crypto as Rally Fades

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Bitcoin's USD 22,000 Test Fails, Ethereum Consolidating, MATIC Holding Gains

Posted: 08 Jul 2022 05:01 AM PDT

Bitcoin price started a major increase above the USD 21,500 resistance zone. BTC even tested the USD 22,500 resistance before there was a downside correction. It is currently (11:49 UTC) trading around USD 21,600 and might attempt another increase.
Similarly, most major altcoins are eyeing more upsides. ETH trimmed gains and is now consolidating near USD 1,200. XRP spiked above USD 0.355 before it corrected lower. ADA is correcting lower towards the USD 0.45 support....
Read More: Bitcoin's USD 22,000 Test Fails, Ethereum Consolidating, MATIC Holding Gains

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Moscow Exchange Should Launch a Crypto Trading Platform, Says Top Russian Politician

Posted: 08 Jul 2022 04:30 AM PDT

The chief architect of Russia's crypto legislation has argued that the Moscow Exchange (MOEX) should develop a crypto trading arm – albeit one that operates under the strict purview of the country's Central Bank.
Per the news agency Interfax, Anatoly Aksakov, the head of the State Duma's Financial Markets Committee, told attendees at a press conference on Thursday, July 7, that a crypto exchange should be established as a division of the Moscow Exchange, explaining:...
Read More: Moscow Exchange Should Launch a Crypto Trading Platform, Says Top Russian Politician

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US Treasury Develops Framework For Path Towards International Crypto Regulations

Posted: 08 Jul 2022 03:02 AM PDT

While the US authorities are intensifying work on developing crypto regulations, the country's Department of Treasury has presented to President Joe Biden a framework to facilitate international cooperation on introducing such regulations and standards at the international level.
This is arguably a major development, and it may pave the way for intensified efforts by Washington to develop international regulations for the sector. ...
Read More: US Treasury Develops Framework For Path Towards International Crypto Regulations

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Mt. Gox Trustee Moves Closer to Pay-Out, Asks Creditors for Payment Details

Posted: 08 Jul 2022 02:35 AM PDT

The trustee holding what is left after the infamous collapse of the early crypto exchange Mt. Gox is moving closer to a pay-out, asking creditors how they would like to get paid, according to a new letter.
In the letter, dated July 6, Mt. Gox's Japanese trustee, Nobuaki Kobayashi, has asked creditors to register via an online system a bank account to which they would like to receive the cash payment. ...
Read More: Mt. Gox Trustee Moves Closer to Pay-Out, Asks Creditors for Payment Details

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Aave Summoning GHOsts With a New Native Stablecoin Proposal

Posted: 08 Jul 2022 01:42 AM PDT

Popular decentralized finance (DeFi) protocol Aave (AAVE) has proposed to the decentralized autonomous organization (DAO) the introduction of a native, decentralized, fully collateral-backed, USD-pegged stablecoin on the Ethereum (ETH) mainnet – dubbed GHO.
"Calling all GHOsts," said Aave on Thursday, announcing that they've created a new Aave Request for Comments (ARC) – which is the first step in the governance improvement process.
Per the governance proposal,...
Read More: Aave Summoning GHOsts With a New Native Stablecoin Proposal

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Today in Crypto Turmoil: Woes Deepen, Legal and Repayment Developments from Celsius, 3AC, Voyager Digital, and More

Posted: 08 Jul 2022 01:09 AM PDT

The market may be on the up as the week draws to a close, but crypto turmoil shows no signs of abating. There are more goings-on at Three Arrows Capital (3AC), Celsius (CEL) is in the spotlight again – and the Voyager journey continues.
Here's a round-up of the latest happenings in the space....
Read More: Today in Crypto Turmoil: Woes Deepen, Legal and Repayment Developments from Celsius, 3AC, Voyager Digital, and More

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Bitcoin Tests USD 22K, Ethereum Accelerates, XRP Clears Hurdle, MATIC and AAVE Rally

Posted: 07 Jul 2022 09:12 PM PDT

Bitcoin price started a stronger increase above the USD 20,500 resistance zone and even climbed above the USD 22,000 level. It is currently (04:57 UTC) trading near USD 22,100 and is up 8% in a day and 13% in a week.
Similarly, most major altcoins started a decent increase. ETH was able to clear the USD 1,200 and USD 1,250 resistance levels. XRP surpassed the key USD 0.35 resistance zone. ADA climbed above USD 0.48 and traded close to USD 0.50.
Total market capitalization...
Read More: Bitcoin Tests USD 22K, Ethereum Accelerates, XRP Clears Hurdle, MATIC and AAVE Rally

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South Korean MP Wants to Launch a Fund to Help Struggling Crypto Investors

Posted: 07 Jul 2022 05:00 PM PDT

A South Korean politician wants the government to create a special fund to help crypto investors who have suffered losses in the markets – and says that crypto exchanges should foot the bill.
News1 reported that Kim Byung-wook, an MP for the opposition Democratic Party, told a group of blockchain industry leaders and financial regulators at a summit that leading trading platforms should launch an "investor protection fund."
He was quoted as saying:...
Read More: South Korean MP Wants to Launch a Fund to Help Struggling Crypto Investors

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