Cryptocurrency news

• NFT traders STEPN to a new groove — Is move-to-earn the future of fitness or another fad?

  28-04-2022 23:41 via cointelegraph.com
  
  The success of STEPN shows that the move-to-earn model is growing in popularity, but will it be a fading trend or the future of fitness?
  
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• The NFT sector is projected to move around $800 billion over next 2 years: Report

  28-04-2022 23:35 via cointelegraph.com
  
  More than 50% of respondents highlighted that they have a HODL mentality and see a future where non-fungible tokens could be important items in games.
  
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• NYDFS calls for crypto firms to use blockchain analytics

  28-04-2022 23:25 via cointelegraph.com
  
  The regulatory agency asked crypto firms to adopt methods to ensure greater risk assessment for potentially problematic transactions.
  
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• 'Ready, steady, NFT:' Ukrainian government accepts NFT donations

  28-04-2022 23:15 via cointelegraph.com
  
  Ukraine continues to use crypto and NFTs to fund the two-month long ongoing Russia-Ukraine war.
  
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• US needs 'electronic tokens' with functionality of cash — Software Freedom Law Center legal director

  28-04-2022 23:07 via cointelegraph.com
  
  Software Freedom Law Center legal director Mishi Choudhary supported tokens that were not quite CBDCs nor cryptocurrencies, but with cash-like privacy features many users may want.
  
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• Telegram Wallet Bot enables users to send crypto in-app via revived blockchain project

  28-04-2022 23:00 via cointelegraph.com
  
  More than 550 million active users surf messages on Telegram each month.
  
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• Litecoin Drops 87% Trading Volume In Q1 2022

  28-04-2022 23:00 via newsbtc.com
  
  The interest in cryptocurrencies continues to wane in 2022, as does Litecoin’s popularity. The trading volume of Litecoin was eight times lower in the first quarter of 2022 than it was in the first quarter of 2021. 
  For example, the trading volume from January to March 2022 was around $82 billion, 87% less than in Q1 2021. In the first quarter of  2021, the trading volume was  $674.9 billion. Litecoin (LTC) trading volume crashed by more than $590 billion in quarterly compar
  
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• FTX executive Wetjen calls CFTC application an opportunity for the agency to innovate

  28-04-2022 22:45 via cointelegraph.com
  
  Former CFTC head Giancarlo said a “central bank mindset” is holding crypto back, and Wetjen saw the need for more entrepreneurialism in regulatory agencies.
  
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• Better Call 4: Ohio division ranks cryptocurrency scams as No. 1 scam in 2021 - NBC4 WCMH-TV

  28-04-2022 22:30 via nbc4i.com
  Better Call 4: Ohio division ranks cryptocurrency scams as No. 1 scam in 2021  NBC4 WCMH-TV
  
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• Cryptocurrency: The Regulator's Perspective (Podcast) - Fin Tech - United States - Mondaq

  28-04-2022 22:28 via mondaq.com
  
  Cryptocurrency: The Regulator's Perspective (Podcast) - Fin Tech - United States  Mondaq
  
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• Aave founder Stani Kulechov briefly suspended from Twitter after joking about becoming interim CEO

  28-04-2022 22:15 via cointelegraph.com
  
  Not everyone is convinced that Elon Musk’s takeover of Twitter will promote free speech.
  
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• One of the most powerful DDoSes ever targets cryptocurrency platform - Ars Technica

  28-04-2022 22:08 via arstechnica.com
  
  One of the most powerful DDoSes ever targets cryptocurrency platform  Ars Technica
  
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• Bitcoin is 40%+ down from its ATH, but on-chain analysts say it's ‘starting to bottom out’

  28-04-2022 21:32 via cointelegraph.com
  
  Analysts say BTC’s weakness is exacerbated by institutional investors exiting futures markets, but on-chain data hints that Bitcoin is in an early bottoming process.
  
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• Panama's legislature approves bill regulating crypto

  28-04-2022 21:30 via cointelegraph.com
  
  The Crypto Law is aimed at making Panama “compatible with the digital economy, blockchain, crypto assets and the internet.”
  
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• Bitcoin Trades Above $40K Once Again, Will This Time Be Different?

  28-04-2022 21:04 via newsbtc.com
  
  Bitcoin has returned to the $40,000 levels as it bounced back from the high area of around $30,000. The first crypto by market cap managed to hold off the bears and retraced some of this week’s losses.
  Related Reading | TA: Ethereum Faces Key Challenge, Why Fresh Decline Still Possible
  At the time of writing, BTC’s price trades at $40,200 with a 3% profit in the last 24-hours.
  BTC moving sideways on the 4-hour chart. Source: BTCUSD Tradingview
  The general sentiment in the market
  
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• Quant Explains Similarities Between Current And Summer 2020 Bitcoin Markets

  28-04-2022 21:00 via newsbtc.com
  
  A quant has pointed out some similarities between the current and summer 2020 Bitcoin markets through on-chain data.
  Bitcoin Exchange Supply Shock Ratio Has Rapidly Risen Recently
  As explained by an analyst in a CryptoQuant post, there seem to be some similarities between the current market trend and that during the summer of 2020.
  The “exchange supply” is an indicator that measures the total amount of Bitcoin present on wallets of all exchanges.
  This supply is usually assumed to be
  
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• FinCEN acting director says PATRIOT Act provision isn't 'right sized' for crypto enforcement

  28-04-2022 21:00 via cointelegraph.com
  
  Him Das said FinCEN’s current authority under the PATRIOT Act would likely not stop actors from engaging in illicit transactions for ransomware attacks and darknet markets.
  
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• ApeCoin (APE) hits a new all-time high ahead of this week’s Otherside land auction

  28-04-2022 20:30 via cointelegraph.com
  
  APE price continues to hit new all-time highs as BAYC, MAYC and NFT investors prepare for the highly anticipated Otherside land auction.
  
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• Solana Stumbles At $100 Level As Bulls Recover The Market

  28-04-2022 19:49 via newsbtc.com
  
  Solana price action indicates that bulls are attempting to regain the market. SOL prices begin the daily trading chart in a horizontal trend. As the market encounters resistance at the $100.5 level, solana prices are trading close to $100. Bulls will attempt to drive prices higher in order to reclaim the $101 level. If prices can be pushed below $99.5, the bears will be able to take control of the market.
  In the previous 12 hours, Solana prices have fluctuated between $97.10 and $100.54, with th
  
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• Minecraft-linked developers draws up pledge for NFT and digital asset engagement

  28-04-2022 19:45 via cointelegraph.com
  
  The group did not appear to be entirely satisfied with the current direction of GameFi.
  
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• Minecraft-linked developers draw up pledge for NFT and digital asset engagement

  28-04-2022 19:45 via cointelegraph.com
  
  The group did not appear to be entirely satisfied with the current direction of GameFi.
  
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• $27K 'max pain' Bitcoin price is ultimate buy-the-dip opportunity, says research

  28-04-2022 19:43 via cointelegraph.com
  
  It may not happen, but a crash to $27,000 would be the chance for many investors to "go all in" on BTC.
  
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• United States Government Warns Investors About Malicious Cryptocurrency Trading Apps - JD Supra

  28-04-2022 19:34 via jdsupra.com
  
  United States Government Warns Investors About Malicious Cryptocurrency Trading Apps  JD Supra
  
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• Jamestown Partners With BitPay For Cryptocurrency Rent Payments - Bisnow

  28-04-2022 19:05 via bisnow.com
  
  Jamestown Partners With BitPay For Cryptocurrency Rent Payments  Bisnow
  
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• Cardano (ADA) Real Volume Suggests Downtrend Is Far From Over

  28-04-2022 19:00 via newsbtc.com
  
  Cardano (ADA) has been one of the worst-hit cryptocurrencies in the market. The digital asset which had seen a high of $3.10 now lives on past glory as it is now trading below the $1 mark. This has been going on for a while which has convinced some investors that the end of this onslaught is coming to an end. However, on-chain metrics suggest that this is far from the case and in fact, the downtrend is not close to ending anytime soon.
  On-Chain Metrics Are Bad
  One thing that has always gone well
  
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• Buenos Aires to accept crypto for tax payments, launch DLT-backed citizen profiles

  28-04-2022 19:00 via cointelegraph.com
  
  Blockchain and virtual currencies are set to become vital part of the Argentine capital’s 12-step digital transformation effort.
  
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• Pierre Poilievre wants to ban a Bank of Canada cryptocurrency - Global News

  28-04-2022 18:59 via globalnews.ca
  
  Pierre Poilievre wants to ban a Bank of Canada cryptocurrency  Global News
  
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• “DeFi is not decentralized at all,” says former Blockstream executive

  28-04-2022 18:15 via cointelegraph.com
  
  Samson Mow, former chief strategy officer at Blockstream, is convinced that DeFi protocols can’t compete with Bitcoin as monetary networks due to their lack of decentralization.
  
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• Ethereum strives to migrate into a brighter future: Report

  28-04-2022 17:21 via cointelegraph.com
  
  Can Ethereum’s rebrand from Eth2 help manage the high expectations, and what can be expected from the Migration? Cointelegraph Research unveils its report.
  
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• Analysis | Elon Musk's Twitter Has a Cryptocurrency Swamp to Drain - The Washington Post

  28-04-2022 17:13 via washingtonpost.com
  Analysis | Elon Musk's Twitter Has a Cryptocurrency Swamp to Drain  The Washington Post
  
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• STEPN move-to-earn tokens GMT, GST hit new highs after Coinbase listing announcement

  28-04-2022 16:45 via cointelegraph.com
  
  Strong hype around the move-to-earn sector helps GMT price establish a new record high.
  
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• Blockchain and crypto can be a boon for tracking financial crimes

  28-04-2022 16:40 via cointelegraph.com
  
  The notion of crypto being a tool for money laundering is often propagated by naysayers that include policymakers with a stake in the traditional financial system.
  
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• Fidelity Hiring For 12,000 More Jobs; Investing Further In Cryptocurrency After Bitcoin 401(K) Announcement - CBS Boston

  28-04-2022 16:34 via boston.cbslocal.com
  
  Fidelity Hiring For 12,000 More Jobs; Investing Further In Cryptocurrency After Bitcoin 401(K) Announcement  CBS Boston
  
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• Bitcoin rejects $40K as US dollar strength hits 20-year high

  28-04-2022 16:25 via cointelegraph.com
  
  The U.S. dollar currency index breaks through resistance to hit its highest level since 2002 — to the detriment of practically everything.
  
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• Berlin-based football app enters the metaverse following $300M fundraiser

  28-04-2022 16:05 via cointelegraph.com
  
  The financing round was led by Liberty City Ventures, with participation from blockchain platforms and venture capital firms, including Animoca Brands and Dapper Labs.
  
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• City of Fort Worth Pioneering in the 21st Century with Cryptocurrency - Fort Worth Magazine

  28-04-2022 16:03 via fwtx.com
  
  City of Fort Worth Pioneering in the 21st Century with Cryptocurrency  Fort Worth Magazine
  
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• Dogecoin Plummets As Investors’ Doubts After Musk Twitter Takeover Unfold

  28-04-2022 16:00 via newsbtc.com
  
  Investors are raising concerns about Elon Musk’s acquisition of Twitter. After soaring to a multi-week high price, the Dogecoin has crashed by 20% and is trading at $0.1381 with a total market cap of around $18 billion.
  In an announcement on Monday, Twitter agreed to be acquired by Tesla and SpaceX CEO Elon Musk for $54 per share. This would give the company a value of more than $44 billion.
  Related Reading | Dogecoin (DOGE) Struggles, Drops 9% After Elon Musk Twitter Buyout
  Many people th
  
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• Bitcoin network hash rate hit a new record high amid price volatility

  28-04-2022 15:54 via cointelegraph.com
  
  Bitcoin network hash rate hit a new record high, seeing a 400% increase since the mining ban by China last year.
  
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• BTC: New Cryptocurrency Coin Mostly Underperform Relative to Bitcoin - Bloomberg

  28-04-2022 15:46 via bloomberg.com
  BTC: New Cryptocurrency Coin Mostly Underperform Relative to Bitcoin  Bloomberg
  
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• How to Evaluate Any Cryptocurrency’s Investment Potential - NextAdvisor

  28-04-2022 15:44 via time.com
  
  How to Evaluate Any Cryptocurrency’s Investment Potential  NextAdvisorCryptocurrency: What everyone investing in digital assets should know  Marca EnglishWhat is cryptocurrency, and should you invest?  News 3 WTKR NorfolkDoes the Cryptocurrency Space Favor Scams and Fraudulent Activities?  GlobeNewswireView Full Coverage on Google News
  
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• On Freedom Day, Bitcoin gives South Africans a stake in their financial future

  28-04-2022 15:40 via cointelegraph.com
  
  "Freedom Day means you are free to use your own money to live your best life," said BitcoinZAR, a Bitcoin advocate in South Africa.
  
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• Cashing out Bitcoin to save a dog’s life from cancer is 'the moon for us'

  28-04-2022 15:16 via cointelegraph.com
  
  A Redditor from the United States cashed in on all of their Bitcoin to pay for their dog, Derby’s cancer treatment.
  
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• Treasures Of Cryptocurrency: Calyx Token (clx), Solana (sol), And Vechain (vet) | Mint - Mint

  28-04-2022 15:09 via livemint.com
  
  Treasures Of Cryptocurrency: Calyx Token (clx), Solana (sol), And Vechain (vet) | Mint  Mint
  
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• Cryptocurrency world is ripe for fraud and financial loss - The Progressive Pulse

  28-04-2022 14:54 via pulse.ncpolicywatch.org
  
  Cryptocurrency world is ripe for fraud and financial loss  The Progressive Pulse
  
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• Propy partners with Abra to provide crypto-backed real estate loans

  28-04-2022 14:30 via cointelegraph.com
  
  Cryptocurrency investors now have more options for purchasing property without having to sell their digital assets outright.
  
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• 'Hyper-deflationary' network launches mainnet amid rising inflation

  28-04-2022 14:25 via cointelegraph.com
  
  The AXIA native cryptocurrency becomes scarce as the activity or participation on the network increases.
  
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• One-fifth of businesses in El Salvador now accept Bitcoin: NBER study

  28-04-2022 14:09 via cointelegraph.com
  
  The researchers also found that Bitcoin is gaining ground compared to other payment methods within El Salvador.
  
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• Russian security agency wants exchanges to share data with crime investigators

  28-04-2022 13:14 via cointelegraph.com
  
  The measure comes alongwith a proposed ban on advertising of non-licensed crypto services.
  
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• Cryptocurrency Prices Pop. Bitcoin Whales Keep Feeding. - Barron's

  28-04-2022 11:50 via barrons.com
  
  Cryptocurrency Prices Pop. Bitcoin Whales Keep Feeding.  Barron's
  
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• Introducing: The Real Web 3.0

  28-04-2022 11:44 via newsbtc.com
  
  Are we finally on the verge of upgrading our internet infrastructure to its long-awaited next generation, known as Web 3.0? The first version of the Internet consisted of read-only, static websites, whereas Web 2.0 introduced the opportunity to engage with, and create content, enabling activities such as social networking, online banking and shopping. But it has serious flaws around security, privacy, and censorship. On top of that, the dominance of tech giants has only contributed to the furthe
  
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