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Citi Says Fallout From Terra Collapse Unlikely to Hit Wider Financial System
17.5.2022
Recent weakness in bitcoin and equities doesn’t show any lag or lead effect, the bank’s analysts said
Terra’s Tendermint Touch — Cosmos-Based Token Economy Hit Hard by LUNA’s Demise
17.5.2022
Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen significant losses. Two months ago, the top Cosmos ecosystem coins...
Coinbase Pares Back Hiring Plans Amid Weak Earnings, Poor Market Condition
17.5.2022
The exchange previously planned to hire as many as 2,000 employees earlier this year
Bitcoin Mining Appears to Have Survived Ban in China
17.5.2022
China is once again contributing a significant chunk of the world's bitcoin mining operations despite the ban last year, according to the Cambridge Centre for Alternative Finance (CCAF)
Bitcoin․com Exchange Market Insights Report for May 2022
17.5.2022
This is the May 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more. Crypto Market Performance May got off to a rough start as the Federal Reserve...
BitMEX Starts Spot Exchange on Eve of Co-Founder Hayes' Sentencing
17.5.2022
BitMEX, one of the longest-running crypto futures exchange, has pushed its spot markets live
Luna Foundation Guard Discloses Usage of Bitcoin Reserves
17.5.2022
The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The organization sold part of the bitcoins owned directly, while...
Terra’s LUNA Gains, Then Slides, After Do Kwon's Fork Proposal
17.5.2022
Traders sold the tokens even as founder Do Kwon proposed a separate chain to make up for last week’s implosion of UST
Portugal to Tax Cryptocurrency Income According to Minister of Finance
17.5.2022
Portugal, one of the countries considered a crypto tax haven due to its absence of crypto-related taxation, is preparing to change this policy. Fernando Medina, minister of finance of Portugal, stated that the country is working on a framework to allow the taxation of cryptocurrency income gains...
Indian Regulator SEBI Proposes Banning Public Figures From Endorsing Crypto Products
17.5.2022
The Securities and Exchange Board of India (SEBI) has reportedly proposed banning public figures, including celebrities and sportsmen, from advertising and endorsing crypto products. The regulator also proposed that public figures be held liable for any law violations when promoting crypto...
Iran Blocks 9,200 Bank Accounts Over Suspicious Foreign Currency, Crypto Transactions
17.5.2022
Iran’s Ministry of Intelligence has reportedly blocked almost 10,000 bank accounts over suspicious foreign currency and cryptocurrency transactions. The action was carried out in collaboration with the country’s central bank. 9,219 Bank Accounts Blocked Iran’s Ministry...
Breaking Barriers to the Web 3 Creator Economy
17.5.2022
The latest innovations in blockchain technology are enabling creators to earn more from their work and achieve an unprecedented level of autonomy
How Not to Run a Cryptocurrency Exchange
17.5.2022
At Japan’s Liquid exchange, recently acquired by FTX, warnings were ignored, breaches unreported and employees berated and cursed at, insiders say
Former Fed Chair Bernanke: Bitcoin Is Mainly Used in Underground Economy for Illicit Activities
17.5.2022
Former Federal Reserve chairman Ben Bernanke says the main use of bitcoin is “mostly for underground economy activities and often things that are illegal or illicit.” He added, “I don’t think bitcoin is going to take over as an alternative form of money.”...
First Mover Asia: Metaverse ETFs Are Underperforming Gaming ETFs; Cryptos Return to the Red
17.5.2022
Public interest continues to grow about the metaverse, but not as much in metaverse ETFs. Does crypto belong in everything?
Coinbase Expands Features, Allowing Some App Users to Access Ethereum-Based Dapps
17.5.2022
Coinbase app users will be able to purchase NFTs across different platforms along with trade on decentralized exchanges
S&P Global Ratings Forms DeFi Group to Build Out Crypto Framework
17.5.2022
Chuck Mounts will lead the DeFi group moving forward
Grayscale Launches European ETF While Urging SEC to Approve GBTC Conversion Into Spot Bitcoin ETF
17.5.2022
Grayscale Investments has announced the launch of an exchange-traded fund (ETF) in Europe. The company’s Future of Finance UCITS ETF will list on the London Stock Exchange (LSE), Borsa Italiana, and Deutsche Börse Xetra. Grayscale Launches ETF in Europe Grayscale Investments,...
Stronghold Digital Beats Q1 Revenue Estimates, but Misses on Earnings
16.5.2022
Shares of the bitcoin miner that uses waste coal for energy fell slightly in after-hours trading
Market Wrap: Cryptos Mixed as Volatility Fades, Traders Expect Weak Recovery
16.5.2022
Bitcoin (BTC) was roughly flat on Monday as several alternative cryptos (altcoins) underperformed. Analysts expect prices to stabilize as volatility fades