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Polygon Flips Ethereum in Daily Transactions, Price Hits All-Time High
18.5.2021
Layer-2 solution Polygon (MATIC) turned some heads as it has surpassed Ethereum (ETH) in the number of transactions, and is now being discussed as a possible competitor to Binance Smart Chain (BSC).
Per BitInfoCharts.com, the number of daily transactions on Ethereum hit nearly 1.64m on May 11 -...
Xinjiang Police Vow to Fight Crypto Fraud, Launch Public Awareness Drive
18.5.2021
The police in the Xinjiang Uyghur Autonomous Region, China, have launched a campaign that they hope will help wipe out crypto scams.
Per the Legal Daily, the police are concerned that “illegal fund-raising, online pyramid schemes and other cases of economic fraud” are on the rise in the region....
Crypto Listing and Delisting Announcements: Week 20
17.5.2021
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
COVID Forces Chinese Internet Cafes to Turn into Crypto Mining Hubs
17.5.2021
Chinese internet cafe owners are turning their businesses into crypto mining centers as social distancing measures continue to bite in the Middle Kingdom.
According to The Time Weekly, via Sina, a huge number of the 24-hour internet cafes, created primarily for PC gamers, closed down in 2020 – when...
Crypto Market Sentiment Slips, Tether Wins, Bitcoin Loses Week
17.5.2021
Following a string of rises, albeit a short one, the crypto market sentiment saw a drop over the past week, but one that was not large enough to push it out of the positive zone. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins fell to 6.21 compared to last...
Vitalik Buterin Shows Mercy To Shiba Inu As Meme Coin Halves In Price
17.5.2021
Vitalik Buterin, co-founder of Ethereum. Source: a video screenshot, edited by Cryptonews.com
After a sharp selloff last week, holders of the "DOGE killer," shiba Inu (SHIB), start this week on a green note, as Ethereum (ETH) co-founder Vitalik Buterin burned nearly all of the SHIB...
Ethereum Meets USD 4,000 Again, Bitcoin Above USD 50K, Altcoins Rally
14.5.2021
The crypto market is showing more positive signs on Friday, with BTC inching higher above USD 50,000, while ETH returned to the USD 4,000 level, and multiple smaller altcoins are enjoying a double-digit rally.
At 12:14 UTC, BTC was almost unchanged in a day, while ETH advanced by 6%. DOGE rallied...
Dogecoin Gets Another Boost from Coinbase, Elon Musk
14.5.2021
Source: Twitter, @haydentiff
Dogecoin (DOGE) is among the best performing top cryptoassets today as major crypto exchange Coinbase confirmed its plan to list it, while Tesla's Elon Musk said his team is helping the most popular meme coin.
DOGE jumped by around 30% tonight (UTC) time following...
Tether Reveals Its Reserves Breakdown For The First Time
13.5.2021
Tether, the issuer of the most popular stablecoin, tether (USDT), presented its reserves breakdown for the first time.
Per the company, almost 76% of its reserves on March 31 consisted of cash, cash, cash equivalents, and other short-term deposits & commercial paper. Cash's share in this...
Experts Warn of Tighter Policing Ahead for Stablecoins
13.5.2021
It appears that regulatory strife may well be in store for stablecoins, with experts opining that fiat-pegged tokens could fall under the scrutiny of financial policymakers.
Quoted in the Financial Times, John Salmon, the head of the legal firm Hogan Lovells’ blockchain and cryptocurrency division...
Facebook’s New Stablecoin Aims a ‘Big Comedown’ from Grand Libra Plans
13.5.2021
Once heralded as the future of global finance, it appears that the Facebook-led Diem project (formerly Libra) is now set to launch in the United States as a USD-pegged stablecoin.
In a press release, Facebook and its Diem partners announced that it would be teaming up with the American crypto...
Bitcoin Keeps Struggling, Ethereum and Altcoins Remain Attractive
12.5.2021
Bitcoin price gained pace above the USD 57,500 resistance zone. However, BTC failed to settle above the USD 58,000 resistance. It started a downside correction and it is currently (12:20 PM UTC) trading well below USD 57,000.
Besides, most major altcoins are correcting gains. ETH traded to a...
Goldman Executive Quits After Reportedly Making 'Millions' Off Dogecoin
11.5.2021
Aziz McMahon, Managing Director for Emerging Market Sales in the London office of Goldman Sachs, has reportedly quit the investment bank where he worked for more than 14 years after making "millions" from his investment in dogecoin (DOGE).
While neither Goldman Sachs nor have McMahon...
'DOGE Killer' Shiba Inu Clogs Ethereum While Musk Lifts Dogecoin Again
11.5.2021
Shiba Inu (SHIB) token has taken over the Cryptoverse, calling itself the dogecoin (DOGE) killer and prompting many to raise alarms. Meanwhile, 50% of SHIB's total supply is deposited to the wallet of Ethereum (ETH) co-founder Vitalik Buterin, while the Ethereum fees skyrocket yet again and DOGE...
Crypto Listing and Delisting Announcements: Week 19
10.5.2021
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
Bitcoin and Ethereum Consolidate Gains, XLM and WAVES Outperform
10.5.2021
Bitcoin price gained pace above USD 59,000, but it failed to extend its move to USD 60,000. BTC started a downside correction and traded below USD 58,500. It is currently (12:20 PM UTC) holding the USD 57,500 support and it still might rise again to test USD 60,000 in the near term.
Besides, most...
Digital Yuan Gets a ‘Lackluster’ Welcome at Biggest Test Site
10.5.2021
A report has concluded that China’s digital yuan has failed to impress in early large-scale pilots, drawing a “lackluster reception” from participants – a fact that could throw up “hurdles to yuan internationalization.”
Bloomberg stated that it had interviewed a number of digital yuan users...
Dogecoin Tops Liquidations Charts On Elon Musk Live Weekend
10.5.2021
Those predicting an eventful weekend for dogecoin (DOGE) were proved correct after the token reached all-time high status before slumping spectacularly – with massive sell-offs following Tesla and SpaceX supremo Elon Musk (jokingly or otherwise) calling the token a “hustle.”
At the time of writing...
Poland Should Introduce CBDC To Protect Its Economy - Stock Exchange CEO
7.5.2021
Poland's central bank will need to issue its central bank digital currency (CBDC), the digital zloty, to prevent other countries from imposing their own digital currencies on the Polish economy, Marek Dietl, CEO of the state-controlled Warsaw Stock Exchange (WSE), said during a recent panel...
Ethereum Classic Inches Towards Top 10, Trading Volume Up Almost 2,900%
7.5.2021
Ethereum classic (ETC) is seemingly making a classic dogecoin (DOGE) move, getting closer to the list of the top 10 coins and baffling the Cryptoverse at large.
ETC, currently the 13th coin by market capitalization, is continuing its rally. It's up 33% in a day and 307% in a week (at 11:41 UTC)...