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India’s Central Bank RBI to Adopt a ‘Graded Approach’ to Digital Currency Launch
29.5.2022
India’s central bank, the Reserve Bank of India (RBI), has proposed to adopt a “graded approach” to launching the country’s central bank digital currency (CBDC). The RBI also said it is exploring the pros and cons of introducing a digital rupee in India. RBI on...
Elon Musk: We’re Approaching a Recession but It’s ‘Actually a Good Thing’
29.5.2022
Tesla CEO Elon Musk believes the U.S. economy is approaching a recession but he explained why it is “actually a good thing.” Musk has estimated that the upcoming recession will last 12 to 18 months. Elon Musk Discusses U.S. Recession Tesla and Spacex CEO Elon Musk shared his thoughts...
Report: FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition Deals
29.5.2022
Billionaire and FTX co-founder Sam Bankman-Fried said the leading crypto asset exchange aims to make a number of acquisitions and could spend up to $2 billion on such efforts. The FTX chief executive officer highlighted in a recent interview that a fraction of the funds raised by the company were...
Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests
28.5.2022
The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the shadows and regulate it. Crypto Miners Burn More...
Bitcoin price action decouples from stock markets, but not in a good way
28.5.2022
Conflicting Bitcoin derivatives data shows leverage traders bullish, while pro traders fear a deeper correction below $29,000
Bored Ape and Cryptopunk Values Wobble — During the Last Month, Blue-Chip NFT Floor Values Dropped Over 50%
28.5.2022
While the crypto economy has dropped considerably in value during the last few weeks, seven-day statistics indicate non-fungible token (NFT) sales are down 17.32% lower than last week. Data also shows NFT floor values have tumbled a great deal during the past month as some of the most popular NFTs...
Terra Launches New Chain Airdropping LUNA 2.0 Coins — Token Value Slides Over 70% From Price High
28.5.2022
On Saturday, May 28, 2022, LUNA classic and UST classic holders received an airdrop consisting of new LUNA 2.0 tokens based on two blockchain snapshots. The crypto asset’s first recorded value at 5 a.m. (ET), was $14.31 per unit and it hit an all-time high (ATH) roughly 20 minutes later...
STEPN rebounds sharply after falling 80% in a month — is GMT price bottoming out?
28.5.2022
GMT's downside pressure remains as an analyst calls STEPN a "hype-driven speculative frenzy."
Biggest Movers: DOGE Climbs Following Spacex News, XTZ Rebounds From Recent Losses
28.5.2022
DOGE rose on Saturday, following yesterday’s tweets from Elon Musk confirming that Spacex could soon accept the memecoin as a payment option for merch. Tezos was also higher to start the weekend, as it rose by nearly 5%. Dogecoin (DOGE) DOGE was one of the most notable movers in crypto...
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $29,000 to Start the Weekend
28.5.2022
Bitcoin bears re-entered the marketplace on Saturday, as prices moved closer to a multi-week low to start the weekend. BTC once again fell below $29,000, whilst ETH continues to move lower, and now hovers around $1,750. Bitcoin Following a brief rebound on Friday, BTC once again moved lower, with...
Dvision Network Announces Binance Custody as Its Custodian With DVI Token Supported
28.5.2022
PRESS RELEASE. In another groundbreaking achievement, the blockchain-based metaverse platform Dvision Network has just announced its official onboarding on Binance Custody. As such, Binance’s custody services arm will support deposits and withdrawals of Dvision’s native token, DVI,...
Russia Considers Using Cryptocurrencies for International Settlements
28.5.2022
Authorities in Russia are mulling over the possible use of digital currencies for international payments, a high-ranking official from the finance ministry has indicated. If recognized as property, he noted, cryptocurrency can be utilized in barter deals with foreign partners. Finance Ministry...
Bitcoin price stuck below $29K as Terra LUNA comes back from the dead
28.5.2022
The launch of the new LUNA mainnet comes as problems persist for other well-known altcoins
Korean Government Considers Imposing Unified Listing Standard on Crypto Exchanges After LUNA, UST Collapse
28.5.2022
The South Korean government is considering imposing tougher regulations, including a unified listing standard, on all cryptocurrency exchanges in the country following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). Korean Government’s Meeting With Cryptocurrency...
Can a lesson in bimetallism help the long-term stability of Bitcoin and privacy coins?
28.5.2022
Will the potential long-term bear market of 2022 begin the push for increased privacy for people exchanging cryptocurrencies?
Bitcoin network difficulty falls 4.3% to 29.897T, biggest drop in 10 months
28.5.2022
The network difficulty recorded a drop of 4.33% — falling from 31.251 trillion to 29.897 trillion on May 26, just two weeks after attaining its all-time high
A16z Launches $4.5 Billion Crypto Fund Focused on Web3 Opportunities
28.5.2022
A16z, one of the most influential VC firms in the crypto field, has announced the launch of a new cryptocurrency fund to invest in the development of Web3 startups. This fourth crypto fund from the firm, which will launch with a budget of $4.5 billion dollars, is set to focus on several key fields...
Latam Cryptocurrency Exchange Bitso Announces Layoffs Amidst Expansion to Colombia
28.5.2022
Bitso, one of the biggest cryptocurrency exchanges in Latam, has announced a series of layoffs due to the recent downturn in the cryptocurrency market. The exchange, which has a workforce of 800 workers, has decided to let go of more than 10% of its staff citing a change in the long-term strategy...
Elon Musk Says Spacex Will Soon Accept Dogecoin for Merchandise — Starlink Subscriptions Could Follow
28.5.2022
Spacex and Tesla CEO Elon Musk says that dogecoin will soon be accepted at Spacex for merchandise, in the same way Tesla is accepting DOGE payments. Furthermore, Starlink subscriptions may also be paid with dogecoin “one day.” Spacex to Soon Accept Dogecoin for Merchandise Dogecoin...
Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’
28.5.2022
Several U.S. lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The Chinese Communist Party will use its digital currency to control and spy on anyone...