Cyptocurrency
Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap
Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the four federal district courthouses in New York reportedly sentenced two-year…
Do you have the right to redeem your stablecoin?
Stablecoins are often discussed with regard to their “stability.” It is usually questioned whether a stablecoin is sufficiently backed with money or other assets. Undoubtedly, it is a very important…
Kraken Daily Market Report for May 20 2022
Overview Daily spot trading volume: $739.4 million, 30 day average spot: $1.06 billion. Total futures notional: $161.7 million. The top five traded coins were, respectively, Tether (+0%), Bitcoin (-3.7%), Ethereum…
Stake or DApp? With liquid staking, you don’t have to choose
Last summer, Polkadot made its own little bit of history after confirming the first five projects to occupy parachain slots on its canary network Kusama. Disparate blockchains that bolt onto…
20% drop in the S&P 500 puts stocks in a bear market, Bitcoin and altcoins follow
Whoever coined the phrase “sell in May and go away” had brilliant insight and the performance of crypto and stock markets over the past three weeks has shown that the…
OpenSea launches 'Seaport' marketplace protocol allowing NFT bartering
Nonfungible token marketplace OpenSea has announced the launch of a Web3 marketplace protocol for “safely and efficiently buying and selling NFTs.”In a Friday blog post, OpenSea said the marketplace protocol,…
Florida Rep. Donalds introduces Financial Freedom Act companion bill in the House
Rep. Byron Donalds, a Florida Republican, introduced the Financial Freedom Act into the United States House of Representatives on Friday to prevent the U.S. Department of Labor from limiting the…
FCA will 'absolutely' consider recent stablecoin depegging when drafting crypto rules: Report
Sarah Pritchard, the executive director of markets at the United Kingdom’s Financial Conduct Authority, or FCA, reportedly said the regulator will look at the recent volatility in the crypto markets…
3 red flags that signal a crypto project may be misleading investors
Satoshi Nakamoto left a large pair of shoes to fill after releasing the code for Bitcoin (BTC) to the world, helping to establish the network, then vanishing without so much…
MSP Recovery joins forces with Tokenology to release tokenized healthcare initiative
MSP Recovery LLC, a healthcare recovery firm based in Miami, United States and valued in the region of $32.6 billion, has announced a collaborative partnership with Web3 solution Tokenology to…
Finance Redefined: Lifeline for Terra projects, proposed Terra hard fork and more
The past week in the decentralized finance (DeFi) ecosystem was dominated by Terra's collapse and its aftermath on various ecosystems it was connected. Now BNB chain has come to the…
3K+ Bit Digital hosting partner's crypto miners go offline after explosion and fire
New York-headquartered crypto mining firm Bit Digital reported two of its hosting partners ceased operations to more than 4,800 rigs following power disruptions at different facilities. In a Thursday announcement, Bit…
Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions
On May 12, the total crypto market capitalization reached its lowest close in 10 months and the metric continues to test the $1.23 trillion support level. However, the following seven…
Price analysis 5/20: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
Bitcoin’s (BTC) tight correlation with the legacy markets continues to be a drag, especially as the United States equity markets remain in a firm bear trend. The Dow Jones Industrial…
Bearish head and shoulders pattern forces Ethereum traders to re-adjust their price targets
Crypto markets remain volatile and a handful of seasoned traders believe that the bearish trend will continue as long as stock markets are chasing new lows.Most investors would agree that…
Crypto Biz: Amid crypto carnage, Goldman and Barclays fill their bags, May 12-18, 2022
Has there ever been a worse time to be in crypto? It depends on how you look at it. Amid Terra’s death spiral, Bitcoin (BTC) recording seven-consecutive weekly red candles,…
Panama’s president says he won’t sign crypto bill into law ’at this moment’
Laurentino Cortizo, the president of Panama, has said he won’t sign off on a crypto bill recently approved by the country’s National Assembly without additional Anti-Money Laundering rules.Speaking at the…
Terra’s amended revival plan would decrease the allocation for post-attack UST holders
After a grueling two weeks for the Terra community, the team behind the project announced revisions to their proposed revival plan for Terra (LUNA) and TerraUSD (UST). In a Tweet, Terra…
Bitcoin 'death cross' data hints 43% drop due in BTC price bear market
Bitcoin (BTC) may fall more than 40% from last week's bottom, new data warns as one analyst confronts what he says is now a bear market.In a series of tweets…
Ethereum preparing a 'bear trap' ahead of the Merge — ETH price to $4K next?
Ethereum's native token, Ether (ETH), continues to face downside risks in a higher interest rate environment. But one analyst believes that the token's next selloff move could turn into a…
Bitcoin Pizza Day merch delivers lightning-fast style
Celebrate the 12th Bitcoin Pizza Day together with Cointelegraph. Many crypto bull runs ago, Laszlo Hanyecz, programmer and early Bitcoin (BTC) miner, made history on May 22, 2010, when he traded…
Terra collapsed because it used hubris for collateral — Knifefight
The rise and fall of the Terra blockchain and family of related tokens is both one of the most convoluted and one of the most important stories happening in crypto…
European families see crypto as a tool to increase savings: Survey
While there are risks associated with crypto investing, some see it as a way to boost their family savings, a recent study commissioned by crypto trading platform BitMEX shows. The survey,…
UST aftermath: Is there any future for algorithmic stablecoins?
TerraUSD (UST) is an algorithmic stablecoin that is pegged at $1.00. But, on the evening of May 19, it was trading for $0.083.This isn’t supposed to happen, of course, but…
WEF 2022: Blockchain and digitization to take center stage at Davos
The annual meeting of the World Economic Forum (WEF) is scheduled to take place from May 22–26, marking the first in-person WEF global leadership event since the pandemic began. The…
Cardano accelerator program Genius X ISPO nets $105 million in ADA
Cardano-based accelerator program Genius X has seen more than $105 million worth of ADA delegated to its initial stake pool offering (ISPO).This comes after the firm’s decentralized automated market maker…
Cosmos price rebounds 45% in one week despite Terra's debacle — What's next for ATOM?
Cosmos (ATOM) emerges as the biggest gainer among the top cryptocurrencies this May 20, brushing aside the fears about its association with Terra (LUNA), an algorithmic stablecoin project whose market…
Algorithmic, fiat-backed or crypto-backed: What’s the best stablecoin type?
TerraUSD (UST) flipping BinanceUSD (BUSD) for the third spot in the market capitalization list didn’t last long. The once-mighty stablecoin that powers the entire Terra ecosystem finds itself reduced to…
What is Swapping in Crypto? How Can It Help Investors?
Privacy settings Decide which cookies you want to allow. You can change these settings at any time. However, this can result in some functions no longer being available. With the…
Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash
The dramatic story of the Terra (LUNA) crash — referred to by some as the Lehman Brothers of crypto — has taken yet another remarkable turn as legal documents reveal the…
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