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Crypto Market Turning Point — Most Cryptocurrencies Down 57% to Over 80% From Price Highs
25.5.2022
Roughly six months ago, bitcoin and a number of digital assets reached all-time highs and the crypto economy crested above $3 trillion in value. Today is a different story as a great majority of cryptocurrencies are down between 57% to over 80% against the U.S. dollar. While Cryptos Are Down From...
Tax guidelines for crypto mining pass the first reading in Kazakhstan
25.5.2022
The gradual scale would impose the highest taxes on the cheapest electricity sources
USD 4.5B Crypto Fund, Less Difficult Bitcoin Mining, OTC NFT, Ethereum's Merge + More News
25.5.2022
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: USD 4.5B Crypto Fund, Less Difficult Bitcoin Mining, OTC NFT, Ethereum's Merge + More News
Biggest Movers: XMR Hits 2-Week High, LRC Climbs for Fifth Straight Day
25.5.2022
Following a bearish start to the day, XMR climbed to a two-week high during today’s trading session. Gains in monero come as LRC also saw its price move higher, rising for a fifth consecutive day, as it approaches a multi-week high of its own. Monero (XMR) Monero extended a recent bullish...
As Bitcoin Price Slides, Older Mining Rigs Are Becoming Less Profitable
25.5.2022
Even as Bitcoin's mining difficulty adjusts downward, the price trend might spell a crisis for retail miners. On the other hand, it could be an opportunity for those looking to buy rigs
First Mover Americas: Bitcoin Struggles to Hold $30K Ahead of Fed Minutes
25.5.2022
The latest moves in crypto markets in context for May 24, 2022
Davos Watch: Real Interest Rates to Remain at ‘Nothing or Next to Nothing’ & Higher Inflation Target
25.5.2022
Inflation expectations in Europe have consistently drifted upwards, and despite rising nominal interest rates, the real rate is likely to be “nothing or next to nothing,” according to Klaas Knot, President of the Central Bank of the Netherlands. Meanwhile, a professor said that 3% is a more...
GPU prices are still on a decline: Is Bitcoin’s sorrow gamers’ joy?
25.5.2022
Times are hard for Bitcoin and other cryptocurrencies, but gamers are in luck, as GPU prices are now more affordable
Thailand Exempts Crypto Transfers From VAT Until End of 2023
25.5.2022
Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will also apply to digital currency issued by the Bank of Thailand. Royal Decrees Enforce...
Bitcoin, Ethereum Technical Analysis: Crypto Bears Keep BTC Below $30,000
25.5.2022
Bitcoin was lower for a second consecutive session, as bears maintained recent pressure on crypto markets. This pressure also saw ETH move lower, as it continued to trade under $2,000 during hump-day. Bitcoin The world’s largest cryptocurrency once again traded below $30,000, as bears...
Bitcoin Mining Can be a Force for Good or Bad, Banning it Doesn’t Solve Anything – FTX.US President
25.5.2022
Bitcoin (BTC) mining can be a force for both good and bad, depending on how it’s done and where it happens. But countries thinking of banning it should know that miners will not hesitate to simply move somewhere else, FTX.US president Brett Harrison said at the World Economic Forum in Davos...
Bitcoin and Ethereum Trade in Contracting Range, ETC Trims Gains, CELO Accelerates
25.5.2022
Bitcoin price attempted a fresh increase above the USD 30,000 level. However, BTC struggled to clear the range resistance near USD 30,300 and USD 30,500. It is currently (12:00 PM UTC) trading near USD 29,400 and is almost unchanged in a day and down over 2% in a week....
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Bitcoin price bottom signals flash as 'fear and greed' index matches March 2020 lows
25.5.2022
On-chain indicators focusing on Bitcoin's fair valuation and long-term holders' sentiment also raise its prospects of bottoming out
Report: The Metaverse Might Contribute $320 Billion to Latam’s GDP in the Next 10 Years
25.5.2022
A new report indicates that the metaverse might be a significant factor in the growth of economies in Latam and the world in the coming decade. The study, issued by Analysis Group, estimates that Latam might benefit from a surge of $320 billion or an approximate 5% of its GDP, in the next 10 years....
Ariva Celebrates 1st Year Anniversary With Impressive Achievements in the Blockchain Industry
25.5.2022
PRESS RELEASE. Ariva, a next-generation tourism & travel blockchain protocol, celebrated the first anniversary of its launch on May 25, 2022. This development marks an impressive milestone for the blockchain project that has taken the tourism sector by storm in recent months. Ariva launches...
Bitcoin 'finally' due for $32.8K as long-term BTC price metric flashes overvalued
25.5.2022
An uptick to two-week highs is on the cards but longer timeframes still trouble Bitcoin analysis
Crypto Industry’s Custody, Ownership Rights Are 'Fundamental Problems' That Need Solving - US Official
25.5.2022
The recent collapse of the TerraUSD (UST) stablecoin has demonstrated that custody and ownership rights are underdeveloped for the size, scope, and ambitions of the crypto industry, according to the US Acting Comptroller of the Currency Michael J. Hsu.
The comptroller presented his opinion...
Argentinian Cryptocurrency Exchange Buenbit Announces Staff Layoffs
25.5.2022
Buenbit, an Argentinian cryptocurrency exchange, has announced a series of layoffs due to the downturn that traditional and crypto markets are currently facing. Buenbit’s co-founder and CEO, Federico Ogue, clarified that this move had nothing to do with the recent Terra ecosystem disaster...
Skeptical Twitter Users Think SBF’s Proposed USD 1B Campaign Donation Is an ‘Investment’ Strategy
25.5.2022
Twitter users say they believe that the FTX crypto exchange’s multi-billionaire owner Sam Bankman-Fried’s plans to spend some USD 1 billion or more to fund the US Democratic Party’s 2024 presidential election campaign is a “calculated investment.”...
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South Korean Regulators to Inspect Companies Linked to Terraform
25.5.2022
South Korea’s financial regulators are planning to launch onsite inspections into domestic companies that have a business relationship with Terraform Labs – and particularly those that have made use of terra (LUNA) ecosystem coins.
In an exclusive article, the South Korean media outlet Money...