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Elon Musk: US Economy Is Probably in Recession That Could Last 18 Months — Warns It ‘Will Get Worse’
18.5.2022
Tesla and Spacex CEO Elon Musk says that the U.S. economy is probably in a recession and it could be “tough going” for 12 to 18 months. He added: “The honest reason for inflation is that the government printed a zillion more money than it had.” Elon Musk on U.S....
First Mover Asia: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite Bearishness
18.5.2022
A Glassnode analyst suggests that the collapse of the UST token has triggered a change in investors' stablecoin preferences; cryptos tick higher in Tuesday trading
South Korea Launches ‘Emergency’ Investigation Into Collapse of LUNA and UST
18.5.2022
South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchanges to provide information relating to transactions and investors of the two coins. South...
Market Wrap: Cryptos and Stocks Mixed Amid Bearish Sentiment
17.5.2022
Bitcoin (BTC) is stabilizing around $30K while stock market volatility is fading. Altcoins were mixed, although recent underperformance could signal caution among some traders. Indicators show short-term BTC buying, albeit with limited upside
Study: Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate
17.5.2022
New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates...
Bitcoin sube a $30K, con una resistencia en $35K
17.5.2022
BTC está en camino de registrar una señal de impulso positivo en el gráfico diario
Ledger Adding Browser Extension to Connect Hardware Wallets to Web 3 Apps
17.5.2022
Ledger Connect is launching in beta and will initially be compatible with the Ledger Nano X and Mobile Safari
Argentina presiona a mineros de criptomonedas en medio de una escasez energética
17.5.2022
Algunas compañías registradas vieron un incremento del 400% en sus tarifas eléctricas en marzo, mientras que los mineros ilegales no planean dejar de utilizar la energía subsidiada de sus hogares para realizar la actividad
Elwood Technologies Touts Strong Focus on Crypto Derivatives
17.5.2022
Now backed by tier-one banks Goldman, Barclays and Commerzbank, Elwood CEO James Stickland predicts “a huge amount of derivatives action.”
Bitcoin Rises to $30K; Resistance at $35K
17.5.2022
Bitcoin (BTC) is stabilizing around the $30K price level. The cryptocurrency is on track to register a positive momentum signal on the daily chart, similar to what occurred in late-March. Still, nearby resistance could cap an upswing in price
What Web 3 Means to Andreessen Horowitz
17.5.2022
Nansen Acquires DeFi Portfolio Tracker Ape Board for More Than $10M
17.5.2022
On-chain data platform Nansen has acquired decentralized finance (DeFi) portfolio tracker Ape Board for an 'eight-figure' sum
Terra Community Plans to Vote on Forking the Chain — Launch May Airdrop a Billion New Tokens to Network Participants
17.5.2022
Following the aftermath of Terra’s UST implosion, the blockchain project’s founder Do Kwon has been actively discussing the Terra ecosystem revival plans and one specific proposal will be voted on May 18. The plan is to fork the blockchain into a new chain that does not include...
Terraform's Legal Team Quits Amid Terra Stablecoin Fallout
17.5.2022
Marc Goldich, Lawrence Florio and Noah Axler left the Terra ecosystem backer in May according to their LinkedIns
Robinhood Plans ‘Web 3’ Crypto Wallet for DeFi Traders, NFT Buyers
17.5.2022
Robinhood’s new custodial wallet will cater to “advanced” crypto users and live separately from the existing wallet, the firm’s Johann Thompson said
New Crypto Native Firm Fortis Digital Raising $100M Fund
17.5.2022
The fund focuses on altcoins and requires potential investors to have a minimum $2.5 million net worth
El Salvador’s Nayib Bukele Promotes Bitcoin Adoption by Emerging Countries
17.5.2022
Bukele is hosting financial representatives from 44 developing economies as part of annual meetings of the Alliance for Financial Inclusion
The First Rewards Card for the Web3 World by The Crypto Card Club
17.5.2022
PRESS RELEASE. An emerging NFT company, The Crypto Card Club, has developed an innovative system that aims to recognise and reward investors by merging real-world reward point systems with NFT and Web3 purchases. The groundbreaking service financially rewards holders for their usual NFT spending...
L1 Ethereum Network Fees Drop to Levels Not Seen in Over 2 Months, L2 Fees Follow
17.5.2022
Ethereum network fees have dropped a great deal this week, sliding under $10 per transaction to levels not seen since March 10, 2022. On May 17, the average ethereum transfer fee is 0.0027 ether or $5.68 per transaction. The cheaper fees on layer one (L1) have made it so layer two (L2) fees have...
Biggest Movers: AVAX Rebounds on Tuesday, AAVE up Over 10%
17.5.2022
Global crypto markets are up over 2% during Tuesday’s session, with AAVE and AVAX two of the biggest tokens to rise. Both of these cryptocurrencies rebounded from losses during yesterday’s session, with AAVE trading as much 10% higher. Aave (AAVE) AAVE rebounded during...