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Biggest Movers: XMR and SOL Higher on Monday

16.5.2022
Despite BTC and ETH trading lower on Monday, several cryptocurrencies managed to move higher to start the week. XMR was one of the biggest climbers, with solana also moving higher during the session. Monero (XMR) XMR was one of Monday’s biggest gainers, as prices rose by almost $20 from lows...

Ben Bernanke Not Seeing the Value in Bitcoin

16.5.2022
The former Fed chair also faulted current monetary policymakers for acting too slow to curb inflation

Another Crypto Tax Haven in Danger, Goldman's & Nomura's Moves, DEI Depegs, NFTs on Spotify + More News

16.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.______... Read More: Another Crypto Tax Haven in Danger, Goldman's & Nomura's Moves, DEI Depegs, NFTs on Spotify + More News

Mawson to Develop New Bitcoin Mining Site in Texas

16.5.2022
The facility could accommodate up to 4 EH/s of mining power. Site development is expected to start this quarter

Record Inflows into Bitcoin as 'Safety'-Seeking Investors Buy the Dip; Ethereum Outflows Double

16.5.2022
Investors in funds backed by bitcoin (BTC) appear to be taking advantage of the lower prices, adding close to USD 299m to such funds last week, or the most this year, while ethereum (ETH) outflows more than doubled. ... Read More: Record Inflows into Bitcoin as 'Safety'-Seeking Investors Buy...

First Mover Americas: May Brings Showers Not Flowers as Bitcoin Languishes in Terra Aftermath

16.5.2022
The latest moves in crypto markets in context for May 16,2022

Bitcoin Miner Bitfarms Lowers Hashrate Outlook to 6 EH/s This Year

16.5.2022
The miner is still assessing other opportunities to expand its capacity to as much as 8 EH/s by the end of the year

Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries

16.5.2022
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to...

Bitcoin, Ethereum Technical Analysis: BTC Below $30,000 to Start the Week

16.5.2022
Following a volatile weekend of trading, cryptocurrency prices consolidated to start the week, with BTC close to its long-term floor. Overall, bitcoin was trading marginally below $30,000, with ETH hovering slightly above $2,000. Bitcoin BTC started the week trading below $30,000 following...

Bitcoin and Ethereum Look for Direction, ADA and SOL Trimmed Gains

16.5.2022
Bitcoin price started a downside correction from the USD 31,500 zone and declined below the USD 30,000 support zone before recovering. It is currently (11:29 UTC) trading near USD 30,100 and is almost unchanged in a day. It’s still down 12% in a week.... Read More: Bitcoin and Ethereum Look...

David Marcus Launches Bitcoin Payments Startup Lightspark

16.5.2022
David Marcus, former cryptocurrency head at Meta, is launching Lightspark, another payments company that will use crypto as its central payment tool. The startup, which will have Marcus at the helm as CEO, also features some of Meta’s former employees and will explore the possibilities...

Bitcoin Sees Seven Straight Weeks of Losses For the First Time

16.5.2022
Fears of inflation and poor macroeconomic sentiment have caused bitcoin to fail as an inflation hedge in recent weeks

FTX CEO sees no future in Bitcoin payments, community fires back

16.5.2022
FTX CEO’s comments on Bitcoin received heavy backlash from the crypto community, with many reminding him of Solana, a PoS network that has gone offline half a dozen times

Luna Foundation Says Nearly Entire Bitcoin Stack Spent, Promises Compensation to UST Users

16.5.2022
The Luna Foundation Guard (LFG), the entity whose task was to maintain the stability of the terraUSD (UST) peg, said it spent nearly all of its bitcoin (BTC) held in reserves to defend UST’s dollar peg as it collapsed. But from what is left, users of the failed stablecoin will be compensated...

80,000 Bitcoin gone: What’s left in Luna’s reserve wallet?

16.5.2022
The Luna Foundation Guard updates the world concerning its crypto-asset reserves and shares a promise to compensate the remaining users of failed stablecoin UST

FTX's Bankman-Fried Accused of Misleading Public Over Bitcoin as FT Picks His Words 'Selectively'

16.5.2022
Sam Bankman-Fried, CEO and founder of major crypto exchange FTX, and investor in Solana (SOL), was accused of misleading the public as he omitted important facts while bashing Bitcoin (BTC). The CEO claims that his quotes were chosen "very selectively" by a mainstream media outlet, known...

44 Countries Fly to El Salvador to Discuss Bitcoin and Its Benefits

16.5.2022
Nayib Bukele, the President of El Salvador, took to Twitter to announce that 32 Central Banks and 12 Financial Authorities from 44 countries were flying in on May 16, 2022, Monday. The meeting will center around the discussion related to the digital economy, financial inclusion, rolling out Bitcoin...