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Crypto Mining Farm Uncovered in Russia’s Oldest Prison
22.5.2022
Russian law enforcement officials are investigating a crypto mining operation at Butyrka, Russia’s oldest prison. A deputy warden has been accused of stealing electricity to mint digital coins with the help of unidentified accomplices. Deputy Warden Suspected of Mining Cryptocurrency...
Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report
22.5.2022
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via...
Bill Gates: Crypto Has No Valuable Output — It’s Not Adding to Society Like Other Investments
22.5.2022
Microsoft co-founder Bill Gates has explained why he does not own any bitcoin or other cryptocurrencies. “I like investing in things that have valuable output,” Gates said, adding that crypto is “not adding to society like other investments.” Bill Gates on Crypto,...
Rich Dad Poor Dad’s Robert Kiyosaki Thinks Bitcoin Could Bottom Out at $9K — Reveals Why He Remains Bullish
22.5.2022
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has explained why he is still bullish about bitcoin. He’s waiting for the cryptocurrency to test a new bottom before getting in, which he indicated could be as low as $9K. Kiyosaki Believes the Price of Bitcoin...
Kevin O’Leary Expects US Crypto Regulations to Come Out After Midterm Elections
22.5.2022
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says U.S. crypto regulations will not come out until after the midterm elections. He explained that President Joe Biden “is not interested in discussing crypto” when his approval ratings have sunk to record lows. O’Leary...
Draft Law About NFTs Submitted to Russian Parliament
21.5.2022
Lawmakers have filed a bill with the State Duma aimed at introducing the term NFTs to Russian legislation. The authors of the draft say the rights of those who own non-fungible tokens need to be protected as Russians are currently dealing with NFTs at their own risk. Russian Deputies Propose...
Crypto’s Barren Wasteland: A Look at What’s Left of Terra’s Defi and Token Ruins
21.5.2022
Following the Terra blockchain fallout and the great UST de-pegging event, the Terra network ecosystem is now a wasteland of almost worthless tokens and protocols. While both UST and LUNA were top ten crypto market cap contenders, Terra’s decentralized finance (defi) presence was second...
Cryptocurrency Is ‘Based on Nothing,’ Should Be Regulated, ECB’s Lagarde Says
21.5.2022
President of the European Central Bank Christine Lagarde has insisted that unlike a digital euro, cryptocurrency has no underlying asset. It should be regulated to prevent people from losing their life savings by speculating on crypto assets, the top ECB official has suggested. Cryptocurrency...
Bitcoin, Ethereum Technical Analysis: ETH Back Below $2,000 to Start the Weekend
21.5.2022
ETH started the weekend trading below $2,000 as the price consolidation in crypto continued. Bitcoin is also trading lower during Saturday’s session, with the world’s largest cryptocurrency once again falling under $30,000. Bitcoin Following marginal gains above the $30,000 level...
Tim Draper Bullish on Bitcoin Due to Its Inflation Hedge Traits
21.5.2022
Tim Draper, an early bitcoin investor, has declared he is still optimistic about the value of the first cryptocurrency even with the downturn its price has taken in the last months. Draper believes that the asset is still valuable as an inflation hedge, and that the market we are navigating right...
Facebook Owner Meta Files Trademark Applications for ‘Meta Pay’ Covering Crypto Services
21.5.2022
Meta Platforms Inc., formerly Facebook, has filed five trademark applications for “Meta Pay.” The filings cover a wide range of cryptocurrency services. The company is renaming Facebook Pay to Meta Pay. Trademark Applications for Meta Pay Meta Platforms Inc., formerly Facebook, filed...
G7 Finance Leaders Call for Swift and Comprehensive Crypto Regulation
21.5.2022
The G7 finance ministers and central bank governors have called for a swift and comprehensive regulation of crypto assets. The G7 decision followed the recent crypto market turmoil, including the collapse of cryptocurrencies LUNA and UST. G7 Countries Calling for Swift, Comprehensive Regulation...
What Is Cryptocurrency Utility and Why It’s Important for the Development of Crypto Payments
21.5.2022
James A. Ray, Board member at Kyrrex financial ecosystem. _____Cryptocurrencies have come a long way in the recent decade, evolving from a marginalized payment method for questionable transactions to publicly traded instruments on the largest global exchanges. Nonetheless, these drastic changes...
Report: Cryptocurrency Can Potentially Complement Mobile Money Argues Kenyan Banker
21.5.2022
The CEO of one of Kenya’s biggest lenders has argued there is a possibility cryptocurrencies will complement mobile money in Africa but first, there is a need to convince regulators of their benefits. African Regulators’ Stance on Crypto Cryptocurrencies can potentially complement...
Bearish head and shoulders pattern forces Ethereum traders to re-adjust their price targets
20.5.2022
Traders say Ethereum needs a monthly close above $2,250 to regain bullish momentum, but a bearish technical analysis pattern on the weekly timeframe threatens to push ETH price to new lows first
After the Recent Market Collapse, What Is the Future of Cryptocurrencies?
20.5.2022
In recent weeks, the crypto market has marked a slump under alarming global conditions. Since their all-time highs, both Bitcoin and Ethereum have lost more than 55%. Cardano has plunged almost 80% since its all-time high, while Solana, one of the crypto world’s breakthrough stars, has lost...
AAVE, Compound, & Mountanaz: Crypto Lending Platforms in 2022!
20.5.2022
For many people, this is the first time seeing that it is possible to lend and borrow on DeFi. We have truly transitioned into a world where intermediaries & central authorities can be removed from financial transactions; now, the power is in our hands. The lending and borrowing process...
Vietnam Launches Blockchain Association to Conduct Research and Suggest Regulations
20.5.2022
A newly established blockchain association aims to help Vietnam promote its digital economy and position the country on the world’s technology map. The organization looks to unite Vietnam’s experts in the field and seek cooperation with blockchain communities around the globe for...
Binance Loans Adds Two Digital Assets As Collateral – BAL, and BAND
20.5.2022
Binance has added two digital assets to its Binance Loans platform to cover more registered traders who seek to acquire funds from the platform. The digital assets that have been added are BAL and BAND. Binance announced the news through a post on its official website. Binance Loans is a supportive...
Terra Has a Recovery Plan With Community Feedback
20.5.2022
The last couple of weeks has been a tumultuous time for the crypto market as Terra lost its peg and the ecosystem collapsed in days. Terra’s native token LUNA was felled, and the value virtually reached $0. The de-pegging event’s impact was felt far beyond Terra, as the entire market...