Cryptocurrency news

• Vector Finance (VTX) TVL hits a record high as the Curve Wars shift to Avalanche

  05-05-2022 23:30 via cointelegraph.com
  
  The total value locked on Vector Finance hit a new high after the protocol integrated multiple stablecoins in the Avalanche ecosystem in order to become the network's largest liquidity hub.
  
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• Bitcoin drops to $35.5K as 1,000 point Dow correction marks the worst trading day since 2020

  05-05-2022 22:36 via cointelegraph.com
  
  BTC and ETH price imploded toward swing lows as the Dow tumbled by 1,000 points and the Nasdaq lost 5%, marking the worst trading day for stocks since 2020.
  
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• El Salvador’s central bank accepts Qredo's registration to provide crypto services

  05-05-2022 22:30 via cointelegraph.com
  
  Registered Bitcoin service providers in El Salvador include Chivo, the firm behind the state-issued crypto wallets and kiosks, Paxos Trust Company, Paxful, and OpenNode.
  
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• Cryptocurrency Mining Cos. Shares Decline Along With Price of Bitcoin - MarketWatch

  05-05-2022 21:44 via marketwatch.com
  
  Cryptocurrency Mining Cos. Shares Decline Along With Price of Bitcoin  MarketWatch
  
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• Bitcoin Long Squeeze Incoming? Funding Rates Surge Up

  05-05-2022 21:00 via newsbtc.com
  
  On-chain data shows the Bitcoin funding rates have observed a rise again, suggesting that another long squeeze may be in store for the crypto.
  Bitcoin Funding Rates Show Relatively High Positive Value
  As explained by an analyst in a CryptoQaunt post, the current positive funding rates may mean the price could observe a decline soon.
  The “funding rate” is an indicator that measures the periodic fee that Bitcoin futures traders are paying each other.
  When the value of this metric is gr
  
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• CEO of Mining Capital Coin Indicted in $62 Million Cryptocurrency Fraud Scheme - Department of Justice

  05-05-2022 20:53 via justice.gov
  CEO of Mining Capital Coin Indicted in $62 Million Cryptocurrency Fraud Scheme  Department of Justice
  
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• Descending channel pattern and weak futures data continue to constrain Ethereum price

  05-05-2022 20:42 via cointelegraph.com
  
  ETH derivatives metrics and technical analysis point toward further downside for Ethereum price.
  
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• Biden Admin Taxation of Cryptocurrency Transactions Policy Rulemaking - The National Law Review

  05-05-2022 20:37 via natlawreview.com
  
  Biden Admin Taxation of Cryptocurrency Transactions Policy Rulemaking  The National Law Review
  
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• CFTC commissioner appoints crypto-experienced CME Group director as chief counsel

  05-05-2022 20:30 via cointelegraph.com
  
  During his time at the CME Group, Bruce Fekrat regulated crypto reference rates and helped in the development of financial products including BTC and ETH derivatives.
  
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• Equinox Begins Accepting Cryptocurrency for Some Memberships in New York Clubs - Club Industry

  05-05-2022 20:00 via clubindustry.com
  
  Equinox Begins Accepting Cryptocurrency for Some Memberships in New York Clubs  Club Industry
  
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• Cardano Prepares For Major Update, Will It Be Enough To Push Bears Back?

  05-05-2022 20:00 via newsbtc.com
  
  The Cardano network is preparing for its upcoming Hard Fork Combinator (HFC) event “Vasil”. The cryptocurrency has been undergoing several updates and optimizations but continues to follow the general market sentiment.
  Related Reading | ADA On Discount? Cardano Whales Go On $200M Shopping Spree
  In fact, Cardano (ADA) price has been trending downside since the end of 2021 when it broke below $2 and has continued in that direction as larger cryptocurrencies re-test critical suppor
  
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• Bitcoin price hits 10-week lows as $40K spike becomes 'nasty bull trap'

  05-05-2022 19:39 via cointelegraph.com
  A full reversal and then some for BTC means that bulls are coming to terms with months of ground given up.
  
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• Here’s why blue-chip NFT prices continue to soar nearly a week after the Otherside mint

  05-05-2022 19:26 via cointelegraph.com
  
  Most of the NFT market is in a downtrend, but data shows funds continuing to flow into blue-chip tier projects.
  
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• SkyBridge Capital’s Anthony Scaramucci expects a pro-crypto presidential candidacy

  05-05-2022 19:22 via cointelegraph.com
  Anthony Scaramucci predicts that the next presidential candidacy will be pro-crypto and that a Bitcoin ETF will happen by the end of 2022 given recent developments on Capitol Hill.
  
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• One Coin, Two Trades: Why Bitcoin Futures And Spot Signals Don’t Match Up

  05-05-2022 19:01 via newsbtc.com
  
  Bitcoin price bounced to the tune of 5% following yesterday’s Federal Reserve meeting. However, the move has almost fully retraced. What’s interesting about the situation, is that traders at one particular platform could have seen this coming a lot more clearly, while others might have suffered a fake out.
  Here is a closer look at a comparison between BTCUSD spot index price charts and BTC CME Futures that puts a spotlight on the strange discrepancy. We also shed some light on how to
  
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• Ethereum Exchange Inflows Decline As Sellers Cool Off, Will Price Follow?

  05-05-2022 19:00 via newsbtc.com
  
  Ethereum exchange inflows had been on the high side for the better part of the past week. They averaged above $1 billion each day giving credence to the sell-off trend that has been experienced in the market. However, it seems there is a turn in the tide coming. As the weekend draws to a close, exchange inflows have been on the decline. This signals that the sellers are entering into a cool-off period that could potentially alter the price movement.
  Inflows Fall Below $1 Billion
  This week had op
  
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• Snoop Dogg, Clay Nation & Cardano Come Together On The Blockchain

  05-05-2022 18:29 via newsbtc.com
  
  Legendary rapper and new owner of Death Row Records Snoop Dogg launched an NFT collaboration with an exclusive metaverse project on the Cardano blockchain early this week in hopes to start his first formal metaverse play with a bang.
  Related Reading | Institutional Investors Exit Market As Crypto Declines, New Report RevealsSnoop Dogg & The Exclusive Drop With Cardano
  Snoop Dogg has had his fair share of engagement in crypto and has been very vocal on how he feels about the potential around
  
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• Luna Foundation Guard acquires additional 37,863 BTC as part of reserve strategy

  05-05-2022 18:11 via cointelegraph.com
  
  The acquisition, totaling roughly $1.5 billion, will be used to further backstop Terra Luna’s algorithmic stablecoin UST.
  
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• Yuga Labs reimburses transaction cost for failed BAYC land sale

  05-05-2022 18:05 via coinjournal.net
  
  Yuga Labs, Bored Ape Yacht Club (BAYC) NFT collection creator, announced on Twitter that it has reimbursed the gas fees or transaction cost of every person who was unable to buy digital land of Yuga Labs’ Otherside metaverse due to technical problems.
  Yuga Labs confirmed this in a tweeter thread saying:
  “We have refunded gas fees to everyone who made a transaction that failed due to network conditions caused by the mint. The fees have been sent back to the wallets used for the initia
  
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• Argo Blockchain facility in West Texas expects to start mining Bitcoin in May

  05-05-2022 17:36 via cointelegraph.com
  
  The company expects a hash rate of 5.5 EH/s by the end of 2022, anticipating that access to an additional 600 MW of power capacity "in the coming years" will produce 20 EH/s.
  
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• Cryptocurrency Holdings Make Estate Planning Tricky for Non-Experts - Bloomberg

  05-05-2022 17:01 via bloomberg.com
  Cryptocurrency Holdings Make Estate Planning Tricky for Non-Experts  Bloomberg
  
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• Bitcoin falls toward $38K as stocks abandon Fed 'reactionary rally'

  05-05-2022 16:57 via cointelegraph.com
  
  The S&P 500 and Nasdaq sees substantial losses on the day as Fed-induced gains evaporate.
  
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• Gucci will accept cryptocurrency payments before the end of may

  05-05-2022 16:43 via coinjournal.net
  
  Italian fashion label Gucci has announced that it will accept cryptocurrencies by the end of the month.
  111 stores, more than 12 cryptocurrencies
  The fashion label will start in five of its stores in the United States. The first Gucci items can be purchased at the pilot locations in New York, Los Angeles, Miami, Atlanta and Las Vegas. The brand then plans to expand to all 111 stores in North America.
  It is good news for the crypto market that payment options are increasingly being adopted. Vogue
  
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• How to Go Down the Rabbit Hole: A Beginner’s Guide to Buying a Rad Rabbits NFT

  05-05-2022 16:40 via newsbtc.com
  
  As Rad Rabbits gears up to launch its second series of its NFT collection on OpenSea, one popular question looms: How do you buy an NFT?
  Here is a step by step guide on how you can go down the rabbit hole and purchase a Rad Rabbits NFT.
  Step 1 – Setting Up a MetaMask Digital Wallet – (where your NFTs are stored)Here is where you can create your MetaMask wallet https://metamask.io. First download the chrome extension if you want to create a wallet on a desktop or download the mobile a
  
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• Argentina’s largest private bank launches ability to buy Bitcoin and Ethereum

  05-05-2022 16:26 via coinjournal.net
  
  Buenos Aires bank Banco Galicia, founded in 1905, allows its clients to trade Bitcoin (BTC), Ethereum (ETH), XRP and USD Coin (USDC). To make this possible, it has partnered with Lirium AG, a company that provides plug & play crypto solutions for banking institutions, to enable the new service.
  Argentina is one of the top countries in terms of cryptocurrency adoption due to high inflation. According to data from Deel, it has more employees who are paid in digital assets than any other countr
  
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• Zilliqa Token (ZIL) price surges amid social media sentiment spread

  05-05-2022 16:19 via coinjournal.net
  
  Zilliqa (ZIL) is one of the best performers in the crypto market today. It has rallied by over 20% today.
  At the time of writing, ZIL was trading at $0.08889, up 25.67% after hitting a daily high of $0.09776 before pulling back.
  Zilliqa trend on social media
  According to reports from LunarCrush, a market and social media activity monitor for cryptocurrencies, the ZIL token was among the most discussed cryptocurrencies.Current top 10 coins by LunarCrush AltRank™ with leading combined social
  
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• Solana and Moonbirds help NFT market reach $6.5B monthly trading volume: Report

  05-05-2022 16:00 via cointelegraph.com
  
  Moonbirds contributed half a billion in trading volume, while Solana registered a 91% surge in NFT trading volume month over month.
  
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• Solana and Moonbirds help NFT market reach $6.3B monthly trading volume: Report

  05-05-2022 16:00 via cointelegraph.com
  
  Moonbirds contributed half a billion in trading volume in April, while Solana registered a 91% surge in NFT trading volume month over month.
  
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• Avalanche (AVAX) price surges after AVAX dedicated investment trust launch

  05-05-2022 15:58 via coinjournal.net
  
  Avalanche’s (AVAX) price has rallied over 10% today following the news of the launch of Valkyrie, a prominent digital asset manager, and the increasing interest in Avalanche among institutional investors. 
  At the time of writing, AVAX was trading at $67.25, up 10.91% after hitting a one-week high of $67.35 and the 11th largest cryptocurrency by market cap.
  Valkyrie’s announcement 
  On Wednesday, Valkyrie announced the launch of an investment trust dedicated to AVAX. With the
  
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• Mixing reality with the Metaverse: Fashion icon Phillip Plein goes crypto

  05-05-2022 15:53 via cointelegraph.com
  
  How can fashion and crypto mix in a practical yet innovative way so that even Phillip Plein’s mother can understand crypto and NFTs?
  
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• It’s Game Time for Mazer Gaming and Lepricon

  05-05-2022 15:39 via crypto-news.net
  
  Play and Earn blockchain game developer, Lepricon has inked a multi-level partnership with Mazer Gaming, a professional eSports organisation based in the United States. The two companies’ cooperation will focus on FansPredict, Lepricon’s real-world event-driven peer to peer prediction platform and game. Dedicated Mazer Gaming Channel in FansPredict Lepricon will create a dedicated channel for […]
  The post It’s Game Time for Mazer Gaming and Lepricon appeared first on Cry
  
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• Number goes up: A third of Brits have bought crypto, says Coinbase report

  05-05-2022 15:38 via cointelegraph.com
  
  A Qualtrics report carried out by Coinbase shows that the number of Brits who have bought crypto is up 4% to 33% since October 2021.
  
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• PLC Ultima: From Almost Zero to Crypto Hero

  05-05-2022 15:37 via newsbtc.com
  
  When PLC Ultima (PLCU) launched in 2021, who could have predicted this new coin would go on to become one of the world’s most valuable cryptocurrencies with a community of more than one million people across 120 countries around the globe.
  Moreover, the speed at which PLCU grew its community and attained this valuation is particularly impressive. Within six months of its launch, PLCU had matched the world’s best-known cryptocurrency and in less than a year, sprinted past the leading
  
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• ETHAX: New Research Reveals Rising Interest in Cryptocurrency Regulation and a Need for Trustworthy Storefronts - Business Wire

  05-05-2022 15:21 via businesswire.com
  
  ETHAX: New Research Reveals Rising Interest in Cryptocurrency Regulation and a Need for Trustworthy Storefronts  Business Wire
  
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• Avalanche rebounds 25% in five days as AVAX price tests key level — big rally ahead?

  05-05-2022 15:13 via cointelegraph.com
  
  Crypto market correlation and Valkyrie's Avalanche fund launch also helped push AVAX to a weekly high.
  
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• Sen. Warren asks Fidelity to address the risks to put Bitcoin in 401(k)s

  05-05-2022 15:01 via cointelegraph.com
  
  U.S. Senators requested Fidelity to explain how the firm is planning to address the risks of adding Bitcoin into retirement accounts by May 18.
  
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• Bitcoin.com raises $33.6m for its new ecosystem token VERSE

  05-05-2022 14:44 via coinjournal.net
  
  Bitcoin.com has raised more than $33 million in a private funding round for its new ecosystem token VERSE.Bitcoin.com announced earlier today that it has raised $33,600,000 for the Bitcoin.com VERSE token via a private sale event. 
  According to the press release shared with Coinjournal, the private sale had in attendance Digital Strategies, KuCoin Ventures, Blockchain.com, ViaBTC Capital, Redwood City Ventures, 4SV, BoostX Ventures, and select individual thought leaders and influencers incl
  
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• 'Cryptocurrency Mining Is Poisoning Our Communities,' US Rep. Says - Blockworks

  05-05-2022 14:14 via blockworks.co
  'Cryptocurrency Mining Is Poisoning Our Communities,' US Rep. Says  Blockworks
  
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• Denver Broncos: Cryptocurrency enthusiasts attempting to buy team - Broncos Wire

  05-05-2022 14:00 via broncoswire.usatoday.com
  
  Denver Broncos: Cryptocurrency enthusiasts attempting to buy team  Broncos Wire
  
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• Kazakhstan Amends Registration Rules for Cryptocurrency Miners – Mining Bitcoin News - Bitcoin News

  05-05-2022 13:49 via news.bitcoin.com
  
  Kazakhstan Amends Registration Rules for Cryptocurrency Miners – Mining Bitcoin News  Bitcoin News
  
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• Cryptocurrency Exchange Binance Registers With France's Market Regulator - NDTV Profit

  05-05-2022 13:40 via ndtv.com
  
  Cryptocurrency Exchange Binance Registers With France's Market Regulator  NDTV Profit
  
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• Binance commits $500M to co-invest in Twitter with Elon Musk

  05-05-2022 13:39 via cointelegraph.com
  
  Binance is among 18 co-investors in Elon Musk's Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity Management and Research Company.
  
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• DOT rallies 12% in a day as Polkadot gears up to solve a major blockchain hacking problem

  05-05-2022 13:28 via cointelegraph.com
  
  But the token still risks falling by more than 30% based on a classic bearish continuation setup.
  
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• Op-ed: Cryptocurrency should be allowed in individual retirement plans. That's why I'm introducing the Financial Freedom Act - CNBC

  05-05-2022 13:00 via cnbc.com
  
  Op-ed: Cryptocurrency should be allowed in individual retirement plans. That's why I'm introducing the Financial Freedom Act  CNBC
  
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• Here is why Axie Infinity is up by 15% in the last 24 hours

  05-05-2022 13:00 via coinjournal.net
  
  Axie Infinity is the best performer amongst the top 50 cryptocurrencies by market cap. The cryptocurrency market has performed well over the past 24 hours and the total market cap could break past the $1.8 trillion mark soon. The market has added nearly 3% to its value in the last 24 hours, which is a positive considering its performance in recent days. 
  Bitcoin, the world’s largest cryptocurrency by market cap, could soon reach the $40k psychological level after adding 1.6% to i
  
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• CryptoNews Initial Exchange Offering (IEO) Marketing Playbook

  05-05-2022 13:00 via crypto-news.net
  
  Your guide to pre and post-launch marketing for IEOs, from Crypto-News, the UK’s leading media and news publisher specialising in cryptocurrency, blockchain, NFT and web3 projects!     TOC:   Step 1: Value proposition Step 2: Creating a community  Step 3: Audience persona creation Step 4: Your website & content Step 5: Choosing your ecosystem […]
  The post CryptoNews Initial Exchange Offering (IEO) Marketing Playbook appeared first on Crypto-News.net.
  
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• Buffett and Munger Still Dislike Bitcoin and Cryptocurrency. Should You? - The Motley Fool

  05-05-2022 13:00 via fool.com
  
  Buffett and Munger Still Dislike Bitcoin and Cryptocurrency. Should You?  The Motley Fool
  
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• AVAX rallies by 9% following the launch of Valkyrie’s Avalanche Trust

  05-05-2022 12:46 via coinjournal.net
  
  The cryptocurrency market has performed well over the past 24 hours and the total market cap could break past the $1.8 trillion mark soon.The broader cryptocurrency market is picking up pace towards the end of the week. The market has added nearly 3% to its value in the last 24 hours and the total market cap now stands above $1.79 trillion.
  Bitcoin could soon reach the $40k psychological level after adding 1.6% to its value over the past few hours. Ether is also trading in the green zone and loo
  
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• Bitcoin celebrates halfway to the halving with new hash rate record

  05-05-2022 12:45 via cointelegraph.com
  
  The Bitcoin hash rate hit another all-time high and the 105,000th block since the last halving was mined, marking the halfway to the next halving.
  
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• You can buy Cardano, which is at the fore of the market rally: here’s where

  05-05-2022 12:43 via coinjournal.net
  
  The ninth-biggest coin by market capitalization added almost 14% to its value during early Asian trading hours before a slight drop. 
  Demand from retail traders was the driving factor for the growth. Live data showed a 186% increase in the number of wallets holding Cardano’s token ADA for more than a month, CoinDesk reported.  
  This brief guide has everything you need to know about the Cardano network and coin, including whether and where to buy Cardano if you choose.  
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