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Bitcoin Miner Argo Blockchain Emerged Unscathed From Its UST Stake
18.5.2022
The firm said it was able to sell its minimal UST stake for around 93 cents per token before the price completely collapsed
CoinCorner Launches NFC-Enabled Bitcoin Card Powered by Lightning Network
18.5.2022
Crypto exchange and web wallet provider CoinCorner has announced the launch of its Bolt Card, a contactless Bitcoin (BTC) card powered by near-field communication (NFC) and the Lightning Network (LN).
The card allows users to leverage the power of the LN, a layer 2 (L2) payment protocol layered...
3 Members of Terraform Labs’ In-House Legal Team Abruptly Leave Amid LUNA, and UST Fallout
18.5.2022
Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s in-house litigation, regulatory, general, and corporate counsel members follow...
Coinbase Slows Down Hiring Plans Amid Market Downturn, Lower Financial Results
18.5.2022
The ongoing downturn in the crypto markets is triggering changes to the hiring plans by some of the major industry players, with crypto exchange Coinbase announcing it will slow down its expansion plans with regard to creating new jobs this year. The latest development follows the release...
Two credit card firms in Israel to let cardholders buy Bitcoin
18.5.2022
Two Israel-based credit card companies, Max and Isracard, have started working on Bitcoin investment and cashback solutions via a credit card
First Mover Americas: Bitcoin Back Below $30K as Target's Earnings Miss Shows Effects of Inflation
18.5.2022
The latest moves in crypto markets in context for May 17,2022
Bitcoin, Ethereum Technical Analysis: BTC Below $30,000 Again as Crypto Consolidation Extends
18.5.2022
Bitcoin prices dropped during the hump-day session, as bulls were unable to maintain Tuesday’s gains. The world’s largest cryptocurrency once again fell below the $30,000 level, whilst ETH also moved lower. Bitcoin Following a slight rally in price during Tuesday’s session...
Bitcoin, Major Cryptos Slide as Markets Digest Hawkish Powell Remarks
18.5.2022
A day after the U.S. Federal Reserve chair pledged to keep tightening monetary conditions until inflation comes down, analysts and traders from crypto to stocks and futures were assessing the economic impact, from higher mortgage rates to lower company earnings
Bitcoin and Ethereum Stuck Near Key Levels, Altcoins Struggle
18.5.2022
Bitcoin price is struggling to gain momentum above USD 30,000 and is currently (11:46 UTC) trading near USD 29,850 while holding the key USD 29,000 support. A downside break below USD 29,000 could start a stronger bearish wave. BTC is down 2% in a day and 3% in a week....
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Web3 Gaming Company Metatheory Raises $24 Million With Backing From A16z, Pantera, and FTX
18.5.2022
Metatheory, a Web3 gaming company founded in 2021, has announced it has raised $24 million in a Series A funding round. The investment round, which was led by big VC names in the crypto space like a16z, also had the participation of Pantera Capital and FTX Ventures. Kevin Lin, CEO of the company...
BitcoinUSD․com Launches a Market Watch Site
18.5.2022
PRESS RELEASE. BitcoinUSD.com, a website developed to educate the public on crypto exchanges and current prices, launched its new website. The new site provides more information on current cryptocurrency prices, live market cap, news and educational articles through its crypto blog. The new site...
Australian Taxation Office to Focus on Capital Gains From Crypto Assets
18.5.2022
The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate any capital gain or loss from the sale of digital coins and tokens and record it in their...
The Lightning Network Lunch: A Bitcoin contactless payment story
18.5.2022
A data analyst on the Isle of Man demonstrated how contactless payments work on Bitcoin’s Lightning Network using an NFC enabled "Bolt Card."
Bitcoin shakes of Fed volatility as analysts remain split on return under $24K
18.5.2022
Bitcoin could reach its highest since the Luna meltdown next, one trader argues, while others feel that the bottom is not yet in
El Salvador-hosted ‘44-nation Bitcoin Conference’ Not Quite a Nothing Burger
18.5.2022
Central bankers attending a large-scale conference have moved to distance themselves from claims they are in El Salvador to talk about bitcoin (BTC) adoption – while local media outlets have suggested that BTC may be further down the agenda for the 44 nations attending than previously claimed....
FTX Founder Sam Bankman-Fried Thinks Bitcoin Has No Future as a Payments Network
18.5.2022
Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has given his take regarding the future of Bitcoin’s usage. Bankman-Fried stated he doesn’t believe that Bitcoin will work as a payments network, due to its limited capability for scaling to fulfill this task. However...
Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme
18.5.2022
Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme...
Algoracle Announces $1․5 Million Seed Round
18.5.2022
PRESS RELEASE. Algoracle has recently announced the close of its seed round for $1.5 million (USD) to help accelerate the development and launch of Algorand’s native decentralized oracle network. Algoracle’s seed round was led by Borderless Capital, with major contributions from...
Bitcoin and Ethereum Still Range-Bound, Top Altcoins Struggle, XCN Rallies
18.5.2022
Bitcoin price made another attempt to clear the USD 30,500 resistance level but failed and corrected gains. It is currently (04:14 UTC) consolidating near USD 30,000 and remains at a risk of a downside break below USD 29,500. BTC is down almost 2% in a day and 4% in a week....
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Internet Service Company Cloudflare to Run Ethereum Validator Nodes as Part of Its Web3 Focus
18.5.2022
Cloudflare, an internet services and DDoS protection company, has announced a new strategy regarding its Web3 experiments. The company revealed it will run Ethereum validator nodes as part of its commitment to help to scale the internet by using proof-of-stake (PoS) consensus technologies. This...