Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions NewDeclining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors.
Price analysis 5/20: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB NewBTC and altcoins produced the occasional relief rally, but technical analysis suggests that the prevailing trend will remain bearish for some time to come.
Bearish head and shoulders pattern forces Ethereum traders to re-adjust their price targets NewTraders say Ethereum needs a monthly close above $2,250 to regain bullish momentum, but a bearish technical analysis pattern on the weekly timeframe threatens to push ETH price to new lows first.
Crypto Biz: Amid crypto carnage, Goldman and Barclays fill their bags, May 12-18, 2022 NewSome of the world's biggest banks are increasing their exposure to the digital asset market despite the recent market volatility. Is this a sign of things to come?
Panama’s president says he won’t sign crypto bill into law ’at this moment’ New“If the law has clauses related to money laundering activities — Anti-Money Laundering activities — that’s very important for us," said Panama President Laurentino Cortizo.
Terra’s amended revival plan would decrease the allocation for post-attack UST holders NewTerra posted three new revisions to its revival plan. This included increasing genesis liquidity, introducing a new liquidity profile and decreasing allocation for some holders.
Bitcoin 'death cross' data hints 43% drop due in BTC price bear market NewBased on historical tendencies, $22,700 could now mark the next "generational bottom" for Bitcoin, new analysis says.
Crypto Custody Firm Fireblocks Launches Web3 Services Suite NewFireblocks, a crypto custody service provider, is expanding its services with the launch of an institutional suite of Web3 services. This suite will allow customers to leverage liquidity from different exchanges, and mint NFTs. The service, which has already onboarded several names in the industry, also includes gaming asset management for blockchain games on Ethereum…
Anonymous Allegedly Hacks Sberbank, Russia’s Largest Bank NewHacktivist collective Anonymous has allegedly breached the systems of one of the largest financial institutions in Russia, Sberbank. The attackers announced on social media they have published thousands of emails, phone numbers, and addresses.
Anonymous Hackers Reportedly Gain Access to Sberbank Database
Decentralized hacking group Anonymous claims to have hacked Sberbank. A Twitter…
Leading European and Ukrainian Charity Foundations Announced Their Participation in the World’s First Innovative ChariFi’s Project – the Zelenskiy NFT, Developed by the IamUkraine Studio NewPRESS RELEASE. The innovative first time used concept will help to monetize charitable experience for people.
Since the beginning of the war in Ukraine, people from all over the world are trying to find ways to support people affected by the events. Multiple organizations and communities do their part to provide aid for Ukrainian…
Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion NewStatistics recorded this week show that the aggregate number of non-fungible token (NFT) sales, settled across more than a dozen different blockchains, has officially surpassed $36 billion. While there are 18 competing blockchains offering NFTs, Ethereum-based NFT sales dominate by more than 75%. While Ronin commands the second-largest amount of NFT sales, NFTs from the…
Biggest Movers: Cosmos Climbs 15%, as AAVE Nears a 10-Day High NewATOM was trading over 15% higher on Friday, as prices rose for a second consecutive session. Today’s rise took ATOM to its highest point since the start of the week, and comes as AAVE neared a 10-day high.
Cosmos (ATOM)
ATOM was one of the biggest movers in Friday’s session, as price climbed to…
SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse NewThe chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse of terra (LUNA) and stablecoin terrausd (UST).
SEC Chair Gensler’s Warning After LUNA and UST Collapse
U.S. Securities and Exchange Commission Chairman…
Bitcoin, Ethereum Technical Analysis: BTC Back Above $30,000 as Week Long Consolidation Continues NewThis week’s whirlwind price swings in crypto markets continued on Friday, with BTC moving higher, following yesterday’s declines. Bitcoin has risen back above $30,000 on Friday, with ETH also climbing above its $2,000 point.
Bitcoin
Bitcoin was trading higher on Friday, as price uncertainty in crypto markets continued to grip traders, leading mainly…
PayPal Gets “Conditional” BitLicense, Will Work with Paxos TrustNew York has always been strict when it comes to bitcoin and cryptocurrency, but now that PayPal has entered the crypto fray, it looks like the company’s position in the Big Apple just got a whole lot easier. PayPal Is Asserting Itself in New York It has been announced that PayPal has been given what’s...…
PayPal Aims to Buy Bit Go, a California-Based Crypto ExchangeNow that PayPal has permitted the buying and selling of bitcoin and other forms of crypto on its site, it would appear the company fancies itself the ultimate crypto platform, and apparently, it’s looking to expand its horizons with the potential purchase of exchanges like Bit Go. PayPal Has Its Sights Set on Bit Go...…
The Amount of BTC Grayscale Manages Just Got A Lot BiggerBitcoin’s price isn’t the only thing getting larger in the cryptocurrency space. According to reports, the institutional presence in the space is expanding as well. Grayscale Investments, a crypto management service that handles accounts primarily for institutional investors, recently announced that the digital assets it’s overseeing grew by a whopping $300 million in a single...…
Cardano (ADA) Price Analysis: Holding Support, But Facing Major HurdlesADA price declined below $0.1060, but it found support near $0.1000 against the US Dollar. The price is facing hurdles near $0.1055 and it is well below the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.1054 on the 4-hours chart (data feed via Kraken). The price...…
Ethereum Price Analysis: ETH Holding Important Support at $380Ethereum price started a downside correction from the $421 swing high against the US Dollar. ETH price is currently trading well above $380 and testing the 55 simple moving average (4-hours). There was a break below a major declining channel with support near $400 on the 4-hours chart (data feed from Coinbase). The pair is...…
Novogratz: BTC Is for Storing Value, Not for PaymentsMike Novogratz can be a hard man to read. As a billionaire investor and former ex-hedge fund manager, the man has had a lot of positive things to say about bitcoin, going so far as to compare the asset to gold. However, while he thinks very highly of bitcoin, he doesn’t see it being used...…
Is PayPal Bitcoin’s Best Hope Right Now?There are analysts out there that claim the PayPal-bitcoin relationship isn’t anything special. Now that they are more familiar with the fine print associated with the relationship, they are questioning just how far bitcoin can go with it. However, the sentiment also appears to be that even though the arrangement may not be perfect, PayPal...…
Another Stablecoin Takes A Bow Following UST Crash NewThe recent crash of the UST stablecoin had rocked the market to its core. This depegging was credited for most of the market crash and the incredibly low momentum that has trailed most digital assets in the space since then. Most other stablecoins, although challenged, had been able to maintain their peg. That is, all…
How To Spot a Trustworthy Crypto Casino NewCrypto casinos are online casinos that use cryptocurrency as their primary means of payment. While traditional online casinos tend to focus on fiat currencies, crypto casinos offer a more decentralized approach that makes use of digital assets such as Bitcoin and Ethereum. Crypto & Bitcoin casinos have become increasingly popular in recent years, thanks to…
UnicornDAO Rallies For Women And LGBTQ Artists; Raises $4.5 Million NewAs a women-led organization in the Web3 space, UnicornDAO has been shaking barriers and was able to raise a staggering $4.5 million in support of women and/or LGBTQ artists. The feminist movement called UnicornDAO led by Nadya Tolokonnikova of Pussy Riot together with Rebecca Lamis and John Caldwell was launched in March 2022 rallies for…
MicroStrategy Stock Rallies 10% As CEO Saylor Predicts Bitcoin Will ‘Go Into The Millions’ NewAccording to Thursday’s reports, the recent decline in bitcoin’s value has not altered the investment tactics of MicroStrategy. MicroStrategy surged more than 10 percent on Thursday alongside Bitcoin, which was trading about 5 percent higher despite the S&P 500 struggling to trade flat. Saylor is evidently still optimistic about bitcoin despite the recent market decline.…
Naughty MOAI – The Ecosystem For Real World Impactation on Metaverse NewNaughty MOAI is a Moai-themed NFT collection that aims to promote the exchange of art, ideas, and creative activity. The team embraces the unlimited possibilities of NFT in facilitating the exchange of art, content, and real-world merchandise by creating a metaverse supported by unique MOAI NFT assets and contents. The Naughty MOAI is developed by…
Is SafeMoon A Billion Dollar Fraud? Coffeezilla Thinks So – Pt.3: V2 Contract NewAccording to Coffeezilla, the V2 Contract was the project’s first and only original idea. The operators basically modified the fee structure and little else, but SafeMoon did change the code. “The big question became “how do you get everyone to switch over to this v2 token?”, the narrator asks. As we enter the saga’s final…
B2Broker to Offer Annual Payments for its B2Core, MarksMan, and B2Trader products NewB2Broker is happy to release the latest news that we now offer a new and improved annual payment plan for our core products: MarksMan, B2Core, and B2Trader. This new payment option is an important development that will provide our customers with a discount and ease budgeting concerns. In addition to benefiting our clients, the new…
Lens: Aave Launches Decentralized Social Media Protocol Built on Polygon NewAave, one of the most prominent DeFi lending protocols, announced today the introduction of the mainet for Lens, an NFT-powered social networking protocol built on Polygon. Lens is seen as a completely user-controlled technology stack in which users have full control over their data, content, and social graph. While Lens Protocol is easily comparable to…
Why Crypto Companies Are Spending Millions To Win Over Viewers NewDespite the recent slump in the cryptocurrency market, the industry is still thriving, and crypto awareness is expanding. Simultaneously, there has been a notable change in expenditure from bitcoin firms, who now seem interested in getting involved in how the space is regulated. According to a report published earlier this month, crypto businesses have spent…
Stablecoins: UST, Systemic Risk & Ergo’s SigmaUSD NewIf you have been paying any attention to the world of cryptocurrency, odds are that you have heard about UST losing its peg and the Luna token crashing to less than $0.001. The effects of this event will undoubtedly ripple throughout the crypto ecosystem for some time. Not only have many investors lost money, but…
Getty Images & Candy Digital Announce Partnership for Photography NFTsVisual media giant Getty Images announced today a multi-year partnership with the next generation NFT ecosystem builder Candy Digital in a bid to tap into the NFT space. Under the partnership, Candy Digital and Getty Images will work on developing a diverse portfolio of NFT pictures sourced from Getty Images’ concealed collection of more than…
Robinhood Develops Web3 Wallet To Tap Into NFT MarketRobinhood, a financial service company specializing in stock trading, exchange-traded funds and cryptocurrency, announced its next effort to enter in the fast-growing crypto and NFT industries. The company plans to launch a customer-centric crypto wallet that offers users complete control over their digital assets like cryptocurrencies or NFTs as well as the ability to connect…
What is Sharding? This Ethereum Scaling Concept ExplainedAs the scaling debate in cryptocurrencies continues, some potential solutions have actually been in development for quite some time now. Specifically, in the case of Ethereum, where a large focus is placed on decentralization and security at the expense of scalability, the application of sharding in conjunction with implementing Proof of Stake consensus is seen…
BitcoinCasino Review: A Great Bitcoin Casino for Crypto PlayersBitcoin Casino has been around since 2019 and it is under the ownership of Direx N.V. Casinos. This parent company operates a whole host of other online casinos, so it has plenty of experience in the space. Bitcoin Casino focuses on being an online casino that caters to those players who want to use cryptocurrencies…
Zilliqa reveals strategy to muscle in on Web3 development NewZilliqa has launched the Web3 Alliance, an organization dedicated to attracting leading “cross-industry” Web3 projects to its ecosystem. The post Zilliqa reveals strategy to muscle in on Web3 development appeared first on CryptoSlate.
Hacash.Diamonds partners with Neo to mint, promote Proof-of-Work NFTs NewHacash Diamonds (HACD) and Neo blockchain have announced a partnership to promote proof of work consensus in non-fungible tokens. HACD is a first of its kind PoW NFT with the goal of becoming a store of value that will exceed Bitcoin. The post Hacash.Diamonds partners with Neo to mint, promote Proof-of-Work NFTs appeared first on…
South African central bank mulls digital rand to streamline cross-border payments NewThe South African Reserve Bank is mulling the issuance of a digital rand, Reuters reported on May 18, citing the central bank’s Deputy Governor Kuben Naidoo. The post South African central bank mulls digital rand to streamline cross-border payments appeared first on CryptoSlate.
Stablegains in hot water after losing more than $40M due to Terra’s collapse NewYield app Stablegains faces allegations of misusing clients’ money — and possibly a lawsuit — after losing more than $42 million, which it had invested in UST via Anchor protocol without informing clients. The post Stablegains in hot water after losing more than $40M due to Terra’s collapse appeared first on CryptoSlate.
Report: Finder’s Panel sees the end of Shiba Inu by 2030 NewFinders dot com surveyed 36 fintech experts for its latest Shiba Inu (SHIB) Price Predictions Report and found that 73% of the panelists believe SHIB will have no value by 2030. The post Report: Finder’s Panel sees the end of Shiba Inu by 2030 appeared first on CryptoSlate.
YellowHeart teams up with Julian Lennon for a music-based NFT NewYellowHeart, a non-fungible token (NFT) marketplace for ticketing, music, and community tokens, has partnered with Julian Lennon, the son of The Beatles founder John Lennon, to turn his first recording of John Lennon’s iconic song Imagine into an NFT. The post YellowHeart teams up with Julian Lennon for a music-based NFT appeared first on CryptoSlate.
Meta trademarks for “Meta Pay” hint at plans for a crypto payments platform NewIn the United States, Meta, previously Facebook, has filed five trademark applications for what looks to be a new digital platform called Meta Pay. The post Meta trademarks for “Meta Pay” hint at plans for a crypto payments platform appeared first on CryptoSlate.
Long Liquidations Continue To Rock Market As Bitcoin Struggles To Settle Above $30,000 NewThe effects of the long liquidations that rocked bitcoin after the digital asset had fallen to $25,000 continue to be felt even now. Bitcoin which has since managed to recover above $30,000 once more remains a prime liquidation target in the market. Even now, a week after the crash that had seen it record its…
Tether Cuts 17% Of Its Commercial Paper Holdings Over Q1 2022 NewAs per the official report published on May 18, Tether, the issuer of the world’s most used stablecoin, USDT, has cut 17% of its commercial paper holdings and increased United States Treasury bills with this reserve amount to back its stablecoin, USDT. Tether made the reduction over Q1 2022 and continues for a further 20%…
How To Spot a Trustworthy Crypto Casino NewCrypto casinos are online casinos that use cryptocurrency as their primary means of payment. While traditional online casinos tend to focus on fiat currencies, crypto casinos offer a more decentralized approach that makes use of digital assets such as Bitcoin and Ethereum. Crypto & Bitcoin casinos have become increasingly popular in recent years, thanks to…
How Blockchain is Finally Getting Africa on the Grid NewParents lining up to pay school fees in cash, lenders charging extortionate rates, and cash savings held under mattresses—these are some of the things residents in Africa have had to resort to due to financial technology not having yet fully expanded in the developing continent. According to Statista, only 48 percent of the African population…
Avalanche Crumbles More Than 16% As Crypto Landslide Continues NewAvalanche (AVAX), dubbed the “Ethereum killer,” has plunged to more than 16% following the disastrous crypto market scenario. Other crypto tokens that are also competitors to Ethereum have had massive double-digit losses in the last 24 hours. AVAX, considered the 13th biggest cryptocurrency with a market cap of $7.6 billion, has dramatically sloughed off over…
TA: Bitcoin Reclaims $30K, Why Bulls Face Uphill Task NewBitcoin started a fresh increase from the $28,500 support zone against the US Dollar. BTC must clear $30,600 to move further into a positive zone. Bitcoin formed a base above $28,500 and started a fresh increase. The price is now trading above the $30,000 level and the 100 hourly simple moving average. There is a…
More Stress For El Salvador As Bitcoin Dips To $29,000 NewEl Salvador has been on the radar of leading financial and economic institutions since it made Bitcoin a legal tender. It has mainly become a spectacle as cryptocurrency supporters and non-supporters alike watch on to see how this plays out. El Salvador which had made good on its bitcoin promise had made multiple BTC purchases…
- Crypto Custody Firm Fireblocks Launches Web3 Services SuiteFireblocks, a crypto custody service provider, is expanding its services with the launch of an institutional suite of Web3 services. This suite will allow customers to leverage liquidity from different exchanges, and mint NFTs. The service, which has already onboarded several names in the industry, also includes gaming asset management for blockchain games on Ethereum…
- Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditionsDeclining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors.
- Anonymous Allegedly Hacks Sberbank, Russia’s Largest BankHacktivist collective Anonymous has allegedly breached the systems of one of the largest financial institutions in Russia, Sberbank. The attackers announced on social media they have published thousands of emails, phone numbers, and addresses.
Anonymous Hackers Reportedly Gain Access to Sberbank Database
Decentralized hacking group Anonymous claims to have hacked Sberbank. A Twitter…
- Price analysis 5/20: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIBBTC and altcoins produced the occasional relief rally, but technical analysis suggests that the prevailing trend will remain bearish for some time to come.
- Bearish head and shoulders pattern forces Ethereum traders to re-adjust their price targetsTraders say Ethereum needs a monthly close above $2,250 to regain bullish momentum, but a bearish technical analysis pattern on the weekly timeframe threatens to push ETH price to new lows first.
- Zilliqa reveals strategy to muscle in on Web3 developmentZilliqa has launched the Web3 Alliance, an organization dedicated to attracting leading “cross-industry” Web3 projects to its ecosystem. The post Zilliqa reveals strategy to muscle in on Web3 development appeared first on CryptoSlate.
- Crypto Biz: Amid crypto carnage, Goldman and Barclays fill their bags, May 12-18, 2022Some of the world's biggest banks are increasing their exposure to the digital asset market despite the recent market volatility. Is this a sign of things to come?
Market Wrap: Bitcoin Surpasses $15.3K; Ether Up 210% in 2020The price of bitcoin popped to new 2020 highs while ether has performed more than two times better than BTC so far this year.
Square Reports $1B in Quarterly Bitcoin Revenue for First Time: Q3 Earnings"Cash App generated $1.63 billion of bitcoin revenue and $32 million of bitcoin gross profit during the third quarter of 2020."
Buggy Code in This Compound Finance Fork Just Froze $1M in Ethereum TokensSome $1 million in Ethereum tokens is locked in a new DeFi app after its developers made changes to the protocol’s contracts.
Visa’s Planned $5.3B Purchase of Fintech Firm Plaid Challenged by US DOJThe Justice Department alleges Visa’s acquisition of Plaid would eliminate competition in the online debit market, leading to higher prices.