May 20, 2022 – New York, New York Swappi, an AMM-based decentralized exchange (DEX) deployed on Conflux, is releasing a new feature that will give new projects launching on Conflux’s eSpace a platform to launch, fundraise and seed their community. Dubbed ‘Launchpad,’ the new feature will enable projects to conduct…

A Silicon Valley-based investment firm is launching a new $600,000,000 metaverse fund in its latest push to embrace crypto assets. In a new company blog post, venture capital giant Andreessen Horowitz is announcing the launch of the Games One Fund, a fund dedicated to supporting innovation in the gaming industry…

A widely followed crypto strategist is looking at one crucial metric with a history of accurately calling Bitcoin (BTC) bottoms. Pseudonymous trader Rekt Capital tells his 303,000 Twitter followers that BTC’s Relative Strength Index (RSI) is reaching a level that historically signals a bounce could be on the horizon for…

As the most recent crypto market crash is putting the spotlight on stablecoins, one of the leading dollar-pegged tokens says its valuation remains secure. In a new post, Tether Holdings Limited announced that not only is its signature product Tether (USDT) backed by more assets than liabilities, the company is…

The CEO of Terraform Labs is facing possible criminal charges in the wake of two leading cryptos collapsing earlier this month. In a new report, Yonhap News says that South Korean authorities are considering bringing Ponzi scheme charges against Do Kwon, the founder of Terra (LUNA) and algorithmic stable coin…

A widely followed crypto analyst is lighting up a tweetstorm, warning traders that Bitcoin (BTC) has six reasons to go lower. Pseudonymous trader CryptoCapo warns their 315,700 Twitter followers in a six-part thread that there are reasons to believe BTC will hit new lows soon. “BTC – Some of the reasons…

In 2022, new things in the Web 3.0 era such as the metaverse, NFT, GameFi, DAO, DeFi and more are completely rewriting the traditional business model, reshaping the global digital business landscape – and a new digital era is coming. On July 14, 2022, the first Global Web 3.0 Eco Innovation…

Crypto exchange FTX is jumping into equities trading, launching the beta phase for FTX Stocks. The Bahamas-based exchange has launched FTX Stocks, offering trading and investing in hundreds of US exchange-listed securities, including common stocks and exchange-traded funds (ETFs). The platform is integrated into FTX’s existing trading app and is…

May 20, 2022 – Hong Kong, Hong Kong Shortly after the beta launch of Wombat Exchange, a hyper-efficient multi-chain stableswap backed by Binance, the crypto world was struck by the devastating collapse of TerraUSD. Wombat Exchange withstood the wild market swings in defiance of predictions while many decentralized stablecoin exchanges…

The second version of a crypto whose predecessor is embroiled in lawsuits finds itself defying the odds on the price charts. SafeMoon (SFM) is the rebranded follow-up to SafeMoon (SAFEMOON), a so-called meme coin that initially skyrocketed after launching to great fanfare due to celebrity hype in March of 2021…

Speaking at the Permissionless 2022 Conference in Florida, U.S., Ethereum Researcher Justin Drake disclosed that the merge might happen in August. (Read More)

South Korean Prosecutors are investigating Do Kwon if they will file Ponzi fraud charges against him following the Terra crash. (Read More)

The Avalanche indicates that Luna Foundation Guard (LFG) has no plans to sell the AVAX tokens in its treasury. (Read More)

CBA conducted an initial pilot but paused the project with no time set when the second pilot would take place. (Read More)

Millions of Bahamas smartphone users have started using facial recognition technology to authenticate Sand Dollar CBDC payments made through smart devices. (Read More)

In a recent revelation, Russia’s Minister of Industry and Trade Denis Manturov said the move to legalize cryptocurrencies as a means of payment in the country is bound to happen “sooner or later.” (Read More)

After more than a decade of actively investing in the gaming industry, investment giant, Andreessen Horowitz (a16z) wants to further exert its influence in the space (Read More)

Bit Digital Inc, one of the publicly listed cryptocurrency mining companies in the United States has announced a major halt in its operations at some of its third-party hosting sites (Read More)

Terraform Labs is currently being charged with tax evasion fraud by the South Korean National Tax Service, a move that complicates matters for the startup that is trying to salvage its collapsed ecosystem (Read More)

The foundation of HDAO (HKD.com DAO) announced to rolling out of a new burning mechanism aiming to destroy 50% of the total amount of HDAO tokens. (Read More)

The storied filmmaker speaks with Decrypt about his new Mars Blackmon NFTs and how Web3 can disrupt traditional film financing.

The new bill would block any attempts by the Department of Labor to restrict access to Bitcoin in 401(k) plans.

The recent decline is very small relative to U.S. household net worth, and therefore unlikely to have a major impact, the bank said.

Off the success of her viral satire of crypto-obsessed men, Salem Ilese is launching an NFT collection with Pussy Riot co-founder Nadya Tolokonnikova next week.

Vaynerchuk speaks with Decrypt as his NFT-gated conference brings major creators and entertainers to Minneapolis.

New rules for cryptocurrencies will be developed with the UST stablecoin collapse taken into consideration, according to the FCA.

Amid the market crash of the past two weeks, crypto sponsorship deals are seeing renewed backlash.

Popular Ethereum scaling solution Optimism is now supported on the industry’s largest cryptocurrency exchange, Binance.

“Crypto mom” has once again stated that she wants to see clear regulatory rules about using cryptocurrencies and stablecoins.

Amid a recovering crypto market, the token underpinning the Cosmos blockchain rose more than 12% over the past 24 hours.

The DAO says its mission is to support marginalized artists and underrepresented groups in Web3.

If developers can complete the merge to proof of stake in August, they won’t have to worry about defusing the “difficulty bomb” that is about to go off.

But the company hasn’t yet decided which blockchain it will be building on.

Terra’s collapse has triggered outrage and calls for repercussions. Should those involve criminal prosecution?

Panama’s “Crypto Law” would regulate the use of crypto for payments and legally recognize DAOs in the country.

The collapse of TerraUSD has put stablecoins in the sights of global regulators.

The latest assurance report from stablecoin provider Tether indicates the firm has made a few changes to the reserve assets backing USDT.

As uncertainty reigns over the market, the Commonwealth Bank of Australia has paused the launch of its planned crypto trading service.

FTX US has become the first crypto-native platform to also offer equities to its US customers.

The popular Ethereum competitor Avalanche has plummeted more than 16% amid the crypto market’s ongoing rout.

The derivatives markets regulator will continue to add resources to combat fraud and manipulation in the cryptocurrency market.

In the run-up to upgrading the mainnet, the Ethereum Foundation has also doubled reward payouts for its bug bounty program.

Every market—including a bearish one—has its winners and losers.

Testifying before Congress on Wednesday, he warned that more actions against crypto firms could be on the way.

While many are vocally against a hard fork, Terra’s validators appear to be in favor.

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…

A16z has launched a new fund that seeks to invest $600 million in gaming experiences including Web3 and metaverse. The fund, which seeks to build the future of the gaming industry, aims to back several startups and projects in different areas including gaming studios, the intersection of gaming and consumers,…

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 five trademark applications for “Meta Pay” with…

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 of Crypto Assets The finance ministers…

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 mobile money in Africa if regulators on…

Fireblocks, a crypto custody service provider, is expanding its services with the launch of an institutional suite of Web3 services. This suite will allow customers to leverage liquidity from different exchanges, and mint NFTs. The service, which has already onboarded several names in the industry, also includes gaming asset management…

Hacktivist collective Anonymous has allegedly breached the systems of one of the largest financial institutions in Russia, Sberbank. The attackers announced on social media they have published thousands of emails, phone numbers, and addresses. Anonymous Hackers Reportedly Gain Access to Sberbank Database Decentralized hacking group Anonymous claims to…

PRESS RELEASE. The innovative first time used concept will help to monetize charitable experience for people. Since the beginning of the war in Ukraine, people from all over the world are trying to find ways to support people affected by the events. Multiple organizations and communities do their part…

Statistics recorded this week show that the aggregate number of non-fungible token (NFT) sales, settled across more than a dozen different blockchains, has officially surpassed $36 billion. While there are 18 competing blockchains offering NFTs, Ethereum-based NFT sales dominate by more than 75%. While Ronin commands the second-largest amount of…

ATOM was trading over 15% higher on Friday, as prices rose for a second consecutive session. Today’s rise took ATOM to its highest point since the start of the week, and comes as AAVE neared a 10-day high. Cosmos (ATOM) ATOM was one of the biggest movers in Friday’s…

Despite the imminent possibility of serving jail time, proactively owning up to the allegations resulted in Hayes being sentenced to six months of house arrest and two years of probation. Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the…

Spoiler: No, stablecoin issuers do not guarantee the legal right for users to claim fiat currency back. 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 aspect of stablecoin…

Implementation of liquid staking addresses worrisome price fluctuations and helps users to generate higher rewards by combining staking payouts and DApp yield. 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…

Recession fears mount as a 20% decline in the S&P 500 places stock in a bear market, increasing the chance that BTC and altcoins will make new lows. Whoever coined the phrase “sell in May and go away” had brilliant insight and the performance of crypto and stock markets over…

“OpenSea does not control or operate the Seaport protocol — we will be just one, among many, building on top of this shared protocol,” said the platform. Nonfungible token marketplace OpenSea has announced the launch of a Web3 marketplace protocol for “safely and efficiently buying and selling NFTs.”In a Friday…

The Republican congressman is supporting Sen. Tommy Tuberville’s Senate bill and financial services companies that want to include crypto in their 401(k) product offerings. 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…

The United Kingdom’s Economic and Finance Ministry announced in April that it would work to incorporate stablecoins into a regulatory framework on digital assets. 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…

The challenges faced by Terra, Wonderland and a handful of other DeFi projects exposed the need for investors to do more research and avoid cult personalities. Satoshi Nakamoto left a large pair of shoes to fill after releasing the code for Bitcoin (BTC) to the world, helping to establish the…

Launching on the Polygon network, the LifeChain platform is intended to vastly reduce occurrences of fraud within the U.S healthcare system. 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…

Binance comes to the rescue of Terra projects, Chainalysis introduces new tools to track stolen crypto funds, Do Kwon’s new proposal for a Terra hard fork and more in this week’s DeFi newsletter. The past week in the decentralized finance (DeFi) ecosystem was dominated by Terra’s collapse and its aftermath…

The company said it will be seeking reimbursement for the lost revenue from mining crypto, with operations at Niagara Falls “hoped to resume within a few weeks.” 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…

Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors. 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 days were reasonably…

BTC and altcoins produced the occasional relief rally, but technical analysis suggests that the prevailing trend will remain bearish for some time to come. 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.…

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. Crypto markets remain volatile and a handful of seasoned traders believe that the bearish trend will continue as…

Some of the world’s biggest banks are increasing their exposure to the digital asset market despite the recent market volatility. Is this a sign of things to come? Has there ever been a worse time to be in crypto? It depends on how you look at it. Amid Terra’s death…

“If the law has clauses related to money laundering activities — Anti-Money Laundering activities — that’s very important for us,” said Panama President Laurentino Cortizo. 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…

Terra posted three new revisions to its revival plan. This included increasing genesis liquidity, introducing a new liquidity profile and decreasing allocation for some 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…

Based on historical tendencies, $22,700 could now mark the next “generational bottom” for Bitcoin, new analysis says. 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 on May 20,…

An ascending triangle setup promises major price rebound in the Ethereum price in 2022. 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 bear trap as the market factors…

The Cointelegraph Store brings you Bitcoin Pizza Day merch, and luckily you don’t have to spend 10,000 BTC to get your hands on a piece. 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…

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 right now. Assembled here is a plaintext explanation of what Terraform Labs built, why it got so big, why it…

The study noted that three out of five European respondents declared a 50% growth in their crypto investments. 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, conducted by…

The quest continues for the perfect “stand in” for the U.S. dollar. But, UST’s crash suggests that algo stables may be “inherently fragile.” 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,…

Sustainability goals for Bitcoin will be presented to world leaders during the first in-person World Economic Forum since the start of the pandemic. 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…

Cardano-based accelerator program Genius X continues to attract ADA delegators after the launch of its ISPO. 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 and liquidity management protocol…

The post Ethereum (ETH) Price To Fall $950–$1,900 by October 2022! Here’s Why appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide In a higher interest rate environment, Ethereum’s native cryptocurrency, Ether (ETH), continues to suffer downside risks. However, one analyst believes that the token’s next selloff…

The post Top Reasons Why Bitcoin (BTC) Price Will Plunge In Coming Week appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide Bitcoin investors are still on the edge of their seats, waiting for indications that will determine how the current period of short-term consolidation will end.…

The post SEC Chairman Gensler Warns that A Lot of Crypto Tokens Will Fail, Here’s Why appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide Chairman of the Securities and Exchange Commission Gary Gensler voiced concern on Wednesday that the implosion of cryptocurrency terra (LUNA) and stablecoin…

The post New Crypto Rules in UK in the Wake of Terra Collapse appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide Terra (LUNA) saw a complete and total implosion this week, which saw the price of LUNA drop from $62 on May 9 to less than…

The post Is There Any Possibilities Of Bitcoin (BTC) Price Hitting ATH By the End of 2022 appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide A well-known crypto strategist has revealed his next price goal for Bitcoin (BTC), which would defy the present bear market. Credible,…

The post No Possibility Of Meme Coin Rally in 2022? Should You Sell Meme Tokens? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide During the recent cryptocurrency market bloodbath, Dogecoin and Shiba Inu saw huge price drops. Meme coins lost all of their gains and plummeted…

The post Best Bottoms Are Around The Corner ! Tarders, Here’s What You Should Look for appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide Though the world’s first cryptocurrency, Bitcoin had reclaimed its $30,000 just a day before, the currency has yet again plunged below its…

The post Traders Shift From USDT To USDC Due To These Metrics! What Next ? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide Last week as the Terra blockchain collapsed, the turbulence was felt by the whole cryptocurrency market as the major cryptocurrencies collapsed to its…

The post Bitcoin (BTC) Price Plunge of More than 40% Approaching Fast, Could hit $22,700 or Below $20,000: Analyst appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide Bitcoin in the recent past faced a notable death cross and since then the prices have dropped massively by…

The post Amid the Possibilities of a Bearish Breakdown below $0.2, XRP Price Develops Possibilities of Hitting $0.5 appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide Ripple (XRP) Price Analysis Ripple price after the recent market slash is swinging within very narrow regions pointing out towards…

Following the massive dump in the past week, Ripple price regains its stance on a long trend. Moreover, bulls must tower the bears in this current market momentum. Last week wasn’t a good trading week for Ripple buyers, as the XRP token recorded a massive 42% loss. As a result,…

The picture is getting clearer for BitMEX co-founder Arthur Hayes. The judge called what he did “a willful violation of the Bank Secrecy Act,” but he still got two years probation. Hayes will serve the first six months of that sentence in home confinement, but that’s it. The banker and…

The bear market has been quite harsh to all major altcoins including Ethereum. Over the past 24 hours ago, the coin dipped by 4%. In the last week however, Ethereum tried to stage a recovery. The bears continued to drag prices down despite that. Buyers of Ethereum have tried to…

MicroStrategy has become a major player in the crypto realm since it began purchasing Bitcoin. Its holdings have seen it solidify its place as the public company with the largest bitcoin holdings in the world. A notable fact is that the company had bought a good chunk of its BTC…

Investors continue to trade the LUNA token despite its enormous fall, seeing the coin lose 99% of its value from $62 on May 9 down to less than a cent by May 14. However, on May 20, LUNA remains the most trending cryptocurrency searched on CoinMarketCap. With a market cap…

On-chain data shows the Bitcoin NUPL metric has now declined to lows not seen since the COVID-19 crash back in 2020. Bitcoin Net Unrealized Profit And Loss Plunged Down Recently As explained by an analyst in a CryptoQuant post, the NUPL past trend may suggest that current values could be…

The effects of the long liquidations that rocked bitcoin after the digital asset had fallen to $25,000 continue to be felt even now. Bitcoin which has since managed to recover above $30,000 once more remains a prime liquidation target in the market. Even now, a week after the crash that…

As per the official report published on May 18, Tether, the issuer of the world’s most used stablecoin, USDT, has cut 17% of its commercial paper holdings and increased United States Treasury bills with this reserve amount to back its stablecoin, USDT. Tether made the reduction over Q1 2022 and…

Parents lining up to pay school fees in cash, lenders charging extortionate rates, and cash savings held under mattresses—these are some of the things residents in Africa have had to resort to due to financial technology not having yet fully expanded in the developing continent. According to Statista, only 48…

Avalanche (AVAX), dubbed the “Ethereum killer,” has plunged to more than 16% following the disastrous crypto market scenario. Other crypto tokens that are also competitors to Ethereum have had massive double-digit losses in the last 24 hours. AVAX, considered the 13th biggest cryptocurrency with a market cap of $7.6 billion,…