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Crypto Markets Lose Billions, Weak Hands Capitulate, Stablecoin Market Surpasses $100 Billion
23.5.2021
Digital currency markets have shed billions once again, as the entire crypto-economy has been cut down from well over $2 trillion to today’s $1.44 trillion market valuation. Bitcoin was coasting along just above the $38k handle before 9 p.m. (EST) yesterday evening but after that point...
Iran Is Using Bitcoin Mining to Circumvent Sanctions, According to Elliptic
23.5.2021
Iran is using Bitcoin mining to circumvent and lessen the effect of the economic sanctions that the U.S. and other countries have applied to the country since 2006, according to a new study by Elliptic, a blockchain analytics and financial crime compliance firm. The country is indirectly using...
Greenpeace Has Stopped Accepting Bitcoin Donations Due to Network’s Environmental Impact
23.5.2021
Greenpeace, the ecological NGO, has stopped accepting bitcoin donations due to the big impact the cryptocurrency network has on the environment. The organization, which was one of the first NGOs to add bitcoin to its donations arsenal, has now backpedaled due to the growing energy consumption...
Ukraine’s Leading Soccer Team Dynamo Kyiv to Sell NFT Tickets
23.5.2021
FC Dynamo Kyiv, the top team in the Ukrainian Premier League, is launching NFT tickets for the 2021 season. The legendary football club, which has the biggest fan following in Ukraine, is also going to offer supporters unique collectible items through a partnership with a blockchain company. Dynamo...
Sekuritance Is Here to Boost Public Confidence in Blockchain Transactions
23.5.2021
Crypto’s anarchic nature, with the emphasis on decentralization, lacks any regulatory bodies so far. But sooner or later it will have to adopt standards of some kind because when money moves in and out from the blockchains to and from the traditional financial system, some kind of compliance...
Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption
23.5.2021
Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto...
‘Wolf of All Streets’ Trader Says Dogecoin Is a Good Entry Point to Cryptocurrency, Has Advice for DOGE Investors
23.5.2021
Crypto trader Scott Melker, also known as the “Wolf of All Streets,” says dogecoin is a good way for new investors to get into cryptocurrency. Sharing his own experience in investing in the meme cryptocurrency, he now has some advice for new dogecoin investors. ‘Wolf of...
NYU Professor Says Elon Musk Is Attracting Regulators to Crypto — Regulatory Action Expected in 30 Days
23.5.2021
NYU Professor Scott Galloway says that Tesla CEO Elon Musk is drawing additional scrutiny and regulators to the crypto space. He expects the U.S. Securities and Exchange Commission (SEC) to respond to Musk’s action in the next 30 days. Furthermore, the professor expects to see a Musk coin...
Mystery Bitcoin Whale from 2010 Disappears, Dormant Address from 2013 Sees Strange Activity
23.5.2021
Toward the latter half of 2020 and during the first quarter of 2021, a mystery miner spent 200 block rewards from 2010 by transferring 10,000 bitcoin during the year. Since the whale’s last 1,000 bitcoin spend on March 23, the patterns of 20 decade-old strings of coinbase rewards...
Fed Begins to Taper QE- US Central Bank Removes $351 Billion in Liquidity via Reverse Repos
22.5.2021
After pumping extreme amounts of liquidity into markets, the U.S. Federal Reserve seems to be tapering back monetary easing policy via reverse repos (RRP). Following this week’s published minutes report from the Fed’s April monetary policy meeting, it seemed as though members of...
Data Suggests Fed’s MBS Operations and Wall Street Investors Behind Inflated US Real Estate Market
22.5.2021
The Federal Reserve and America’s big banks have significantly inflated home prices across the U.S. according to a number of statistics. In many towns across the nation, home sales are facing bidding wars and certain regions are seeing property shortages. One report notes that homebuyers...
China’s Absolute Control Over Digital Yuan Will Boost Demand for Cryptocurrencies, Says Analyst
22.5.2021
China’s push for the digital yuan will boost demand for cryptocurrencies, according to an analyst at BK Asset Management, citing that the Chinese government wants “absolute power” over the wealth and income of its citizens. Digital Yuan Push Could Raise Demand for Crypto Boris...
Elon Musk Says He Won’t Sell Any Dogecoin — Admits He’s the ‘Ultimate Hodler’
22.5.2021
Tesla CEO Elon Musk has confirmed that he has not sold any dogecoin and will not sell any as the price of the cryptocurrency continues to slide over the recent weeks. The “Dogefather” has been working with dogecoin devs “to improve system transaction efficiency” after Tesla...
Nigeria Bureau De Change Association Boss Accuses Speculators of Destabilizing the Naira— Says Central Bank Funding Will End Currency Woes
22.5.2021
According to the head of the Nigerian group of bureau de change operators, the naira’s continued fall on the parallel market is down to the activities of speculators. However, Aminu Gwadabe, the president of the Association of Bureau de Change Operators of Nigeria (ABCON), suggests that only...
Fraudsters Impersonate a US Federal Agency by Sending Emails Asking for Bitcoin Wallet Keys
22.5.2021
U.S. consumers have been receiving fake emails that attempt to impersonate a federal regulatory agency which has raised alarms among crypto community members. The U.S. Office of the Comptroller of the Currency (OCC) warned that such bogus messages ask people for their bitcoin wallet keys....
African NFT Art Exhibition Featuring Portraits of Two African Royals Launched
22.5.2021
The Museum of Modern African Art Gallery & Lifestyle (MOOMA), a platform that promotes African artworks, recently kickstarted a 30-day non-fungible token (NFT) Modern African Art Exhibition. The exhibition, which will be MOOMA’s first NFT showcase, is set to feature the works of Goran...
France Rejects Russian Request to Extradite BTC-e Operator Alexander Vinnik
22.5.2021
Judicial authorities in France have refused to grant the extradition request filed by Russia for Alexander Vinnik. According to the Russian Ombudsman, Vinnik is now ready to start a new hunger strike despite his health deteriorating after spending almost four years in detention. Court Case Against...
Depends on Who You Ask: Report Shows NFT Sales ‘Cool Off,’ Another Study Says ‘Market Set to Double by October’
22.5.2021
In 2021, the non-fungible token (NFT) ecosystem has grown massively and data shows during the last month, there have been 98,832 NFT sales across over 32,000 active wallets. Monthly statistics show $272 million in recorded NFT sales have taken place but a recent report shows the NFT market...
Bitcoin Bull Mike Novogratz Insists ‘Crypto Revolution Has Happened’ Despite Falling Prices, liquidation
22.5.2021
Galaxy Digital CEO Mike Novogratz says that despite massive sell-offs across a broad range of cryptocurrencies, the story of crypto has not changed and “the crypto revolution has happened.” While viewing the current market as a “liquidation event” and a setback, Novogratz...
South Korean Governor Becomes the First Politician to Disclose Publicly His Cryptocurrency Holdings in the Country
22.5.2021
Regardless of the political turmoil that arose in South Korea due to the crypto-related regulations, a leading politician had come forward to reveal that he had made investments in virtual currencies publicly. Won Hee-ryong, the Governor of Jeju Island, unveiled that he invested in four different...