Cryptocurrency news

• Terra contagion leads to 80%+ decline in DeFi protocols associated with UST

  11-05-2022 23:30 via cointelegraph.com
  
  Projects associated with Terra suffer losses of more than 80% as contagion spreads. Meanwhile, Maker (DAI) gets a boost as traders look for other decentralized stablecoin options.
  
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• Chairs from the SEC and CFTC talk crypto regulation at ISDA meeting

  11-05-2022 23:15 via cointelegraph.com
  
  Rostin Behnam and Gary Gensler make their positions clear in keynote addresses at the annual meeting of the ISDA with Sam Bankman-Fried in attendance.
  
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• Chairmen from the SEC and CFTC talk crypto regulation at ISDA meeting

  11-05-2022 23:15 via cointelegraph.com
  
  Rostin Behnam and Gary Gensler make their positions clear in keynote addresses at the annual meeting of the ISDA with Sam Bankman-Fried in attendance.
  
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• Bitcoin Market Cap Falls By $315 Billion As Crypto Adoption In 2022 Fails To Materialize

  11-05-2022 23:00 via newsbtc.com
  
  Cryptocurrencies’ values have been diving due to the current bloodbath in the crypto market. Likewise, the largest and most popular cryptocurrency, Bitcoin, also continues to lose its value. The coin has consecutively dropped since the year 2022 has turned.
  Per the statistics provided by Tradingview.com, the market value of the giant Bitcoin was fledging around $883.89 billion on January 1. However, after the continuous downtrend in the value, its market capitalization as of May 10 stands
  
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• 5 state regulators allege organization is tied to Russia, scamming users using metaverse casino

  11-05-2022 23:00 via cointelegraph.com
  
  "The same rules that apply to investments in the physical world continue to apply to investments in virtual worlds," said the regulators.
  
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• Bitcoin fights to hold $29K as fear of regulation and Terra’s UST implosion hit crypto hard

  11-05-2022 22:27 via cointelegraph.com
  
  Bitcoin leverage traders show little interest in going long even as BTC price flirts with new lows below $29,000.
  
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• Latin America’s largest digital bank will allocate 1% to BTC, offer crypto investment services

  11-05-2022 22:00 via cointelegraph.com
  
  In addition to buying Bitcoin, Nubank will offer BTC and ETH investment services to its more than 50 million customers.
  
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• Safemoon price is having a meltdown. Buy the dip?

  11-05-2022 21:55 via coinjournal.net
  
  The Safemoon price is in a sharp freefall as investors doubt whether the coin will survive the current sell-off. The SFM token has declined in the past seven straight weeks and the situation is getting worse. It is now trading at 0.00030, which is the lowest it has been since January this year. 
  Why is SFM is a freefall?
  Safemoon was once a high-flying cryptocurrency that was being endorsed by a multitude of celebrities in 2021. The promise was that holders would get rewarded for just holdi
  
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• This unknown play to earn games could have significant potential

  11-05-2022 21:21 via coinjournal.net
  
  Play to earn is by far one of the most exciting new frontiers in crypto. After the massive success of Axie Infinity, newer more exciting projects in play to earn are steadily coming out. But why would you even consider this niche? Here are some reasons:
  Play-to-earn games are now combining NFTs as part of the process.
  The rise of augmented and virtual reality could make a play to earn games bigger.
  A lot of institutional investors are also checking out P2E games as future investments.
  Well, for
  
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• ApeCoin is down 70%+ since the Otherside launch — Can Yuga Labs turn the ship around?

  11-05-2022 21:15 via cointelegraph.com
  
  A botched minting process and the collapse of Otherdeed’s price have taken a toll on ApeCoin, leading investors to question APE’s future utility and value.
  
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• Top 3 cryptocurrencies to buy and hold during a market sell-off

  11-05-2022 21:10 via coinjournal.net
  
  The crypto market has been on the ropes over the past week. Most coins have sharply fallen, and the worst is yet to come. This correction might continue for a few extra months, and it can be tempting to sell off your assets. However, here is why it makes sense to actually buy:
  Most coins will largely be trading at huge discounts
  The sell-off will be painful, but it will not last long
  Crypto could be a superb long-term investment if you buy the right coins
  So, if you are looking for some decent c
  
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• Why did Terra LUNA and UST crash? | Find out on The Market Report

  11-05-2022 21:08 via cointelegraph.com
  
  On this week’s special episode of “The Market Report,” Cointelegraph’s resident experts discuss the Terra ecosystem meltdown.
  
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• Extreme Fear Back In Focus: Is It Time To Buy Bitcoin?

  11-05-2022 21:00 via newsbtc.com
  
  Data shows the Bitcoin market has again fallen back into a state of extreme fear as the price has plummeted down over the past week.
  Bitcoin Fear And Greed Index Says Market Is Extremely Fearful
  As per the latest weekly report from Arcane Research, extreme fear has returned to the BTC market, suggesting now may be the time to buy.
  The “fear and greed index” is an indicator that tells us about the general sentiment among investors in the Bitcoin market.
  The index uses a numeric scale
  
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• Terra (LUNA) tumbles by 90% in 24 hours as UST’s recovery loses steam

  11-05-2022 20:54 via coinjournal.net
  
  Terra (LUNA) has continued its sharp decline from the start of the week. The ecosystem which is known for its stablecoins is experiencing its worst crash in months, and there are fears that the worse is not even over. Here are the key latest developments:
  LUNA has fallen by nearly 90% over the last 24 hours, following two days of steep losses.
  The crash comes as its stablecoin UST lost significant value against the dollar.
  UST has fallen sharply again after showing signs of recovery 
  Data S
  
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• Polygon (MATIC) aims to reclaim $1 after a steep correction

  11-05-2022 20:44 via coinjournal.net
  
  Polygon (MATIC) has started to show signs of recovery after a steep correction over the last week or so. The decline in price is part of a broader slump in the wider market, but MATIC appears to be consolidating for its next leg up. Here are the main facts:
  MATIC has managed to hold the $0.8 support despite massive selling pressure.
  The coin can reclaim the important psychological price of $1 in the days ahead.
  This could trigger a bullish uptrend that could deliver at least 25% in gains.
  Data S
  
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• Coinbase plunges to new lows as cryptocurrency skepticism spreads - Al Jazeera English

  11-05-2022 20:36 via aljazeera.com
  
  Coinbase plunges to new lows as cryptocurrency skepticism spreads  Al Jazeera English
  
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• Price analysis 5/11: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

  11-05-2022 20:30 via cointelegraph.com
  
  The implosion of the Terra ecosystem appears to be manifesting contagion that is negatively impacting Bitcoin and altcoins.
  
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• Bitcoin (BTC) rebounds after crashing below $30,000 – Can it surge past $34,000?

  11-05-2022 20:29 via coinjournal.net
  
  Bitcoin (BTC) appears to have slightly recovered after one of its worst crashes in 2022. The coin had fallen below $30,000 for the first time since July last year. However, it rebounded sharply in a few days. Here are the main takeaways:
  BTC is currently hovering above $31,000 after a slight recovery over the last 24 hours
  However, there still remains a significant downside risk that could push BTC below $30,000
  Bullish RSI divergence however suggests a surge towards $34,000 could happen
  Data So
  
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• Shiba Inu (SHIB) could surge by 35% despite bearish sentiment in the market

  11-05-2022 20:17 via coinjournal.net
  
  Shiba Inu (SHIB) has been recovering from the massive sell-off in crypto over the last few days. The coin looks like it has some significant upside and could outperform other major coins on its road to recovery. More price analysis to come later but first, key developments:
  SHIB has gained around 3% over the last 24 hours, outperforming most major coins
  The meme coin had lost nearly 40% of its value over the last 7 days alone
  But a quick reversal that pushes SHIB up by at least 35% is plausible
  
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• FTX US applies for trust charter in New York

  11-05-2022 20:15 via cointelegraph.com
  
  Crypto exchanges Coinbase and BitGo have previously received trust charters from New York's financial regulator, allowing the firms to offer crypto custody services.
  
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• What's in Store for the Future of Cryptocurrency? - Morningstar

  11-05-2022 19:31 via morningstar.com
  
  What's in Store for the Future of Cryptocurrency?  Morningstar
  
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• This week’s whipsaw market movements test NFT traders’ resolve — What’s next?

  11-05-2022 19:30 via cointelegraph.com
  
  NFT prices take a hit alongside the sharp correction in the crypto market and only time will tell whether the current downturn was a buying opportunity.
  
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• Bitcoin Selloff Provides Boost To Miner Fee Revenues

  11-05-2022 19:00 via newsbtc.com
  
  Bitcoin sell-offs have been the order of the day since the weekend. This has translated to ever-decreasing prices for the digital asset. Another avenue where this has had an effect has been the miner fee revenues. Usually, these transaction fee revenues have been on the low side. But with the recent sell-offs triggering a surge in daily transaction volumes, the result has been more earnings for miners in terms of transaction fees.
  Bitcoin Daily Revenues Plummet
  Even though there has been a surge
  
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• Bitcoin price reclaims $30K as Bitcoin Cash hits fresh record low against BTC

  11-05-2022 18:51 via cointelegraph.com
  
  Bitcoin SV joins the hard fork in posting dismal price performance as the dust settles on the Terra UST debacle.
  
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• Celsius Network execs deny rumors of significant losses amid market volatility

  11-05-2022 18:44 via cointelegraph.com
  
  "Our front office teams [...] think and act like risk managers to ensure that we are not exposed in any significant way to market swings," said Celius CFO Rod Bolger.
  
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• LUNA meltdown sparks theories and told-you-sos from crypto community

  11-05-2022 18:30 via cointelegraph.com
  
  Some of you saw it coming; some of you still can't believe it's real. Was the "most significant collapse in crypto history" an attack?
  
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• Cryptocurrency: Which are the best trading platforms? - Marca English

  11-05-2022 18:25 via marca.com
  
  Cryptocurrency: Which are the best trading platforms?  Marca English
  
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• Mayor Wants Coral Springs to Consider Integrating Cryptocurrency into City Operations - TAPinto.net

  11-05-2022 17:48 via tapinto.net
  
  Mayor Wants Coral Springs to Consider Integrating Cryptocurrency into City Operations  TAPinto.net
  
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• Can Cryptocurrency Save A Financial Crisis? - Benzinga - Benzinga

  11-05-2022 17:48 via benzinga.com
  
  Can Cryptocurrency Save A Financial Crisis? - Benzinga  Benzinga
  
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• Bank of Israel claims 'public support' for its CBDC project

  11-05-2022 17:39 via cointelegraph.com
  
  Stakeholders believe that the digital shekel would boost competition, but remain divided on the matter of privacy.
  
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• Is VeChain a Good Investment? 5 Reasons We Think It Is

  11-05-2022 17:27 via coinjournal.net
  
  VeChain is a leading blockchain project that was built by a former senior executive at LVMH, the biggest luxury brand in the world. The original goal of VeChain was to help companies handle their supply chain challenges in a simple decentralized ecosystem. In this article, we will explain what VeChain is and why we believe it is a good investment.
  What is VeChain?
  VeChain is a blockchain platform that helps companies solve the biggest supply chain challenges around the world. As a result, it is
  
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• The 4 Safest Crypto Wallets to Keep Your Cryptocurrency Secure - MUO - MakeUseOf

  11-05-2022 17:00 via makeuseof.com
  The 4 Safest Crypto Wallets to Keep Your Cryptocurrency Secure  MUO - MakeUseOf
  
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• New Hope Spice Shop Now Accepting Cryptocurrency - Patch

  11-05-2022 16:42 via patch.com
  
  New Hope Spice Shop Now Accepting Cryptocurrency  Patch
  
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• Avalanche (AVAX) down 35% amid fears of massive AVAX sell-off after UST meltdown

  11-05-2022 16:42 via coinjournal.net
  
  Avalanche (AVAX) price seems to be heading the same way as Terra (LUNA) mainly because it is one of the collateral assets that maintain TerraUSD (UST), Terra’s new stablecoin; the other collateral asset is the US Dollar which the UST has unpegged from.
  After the UST unpegged from the US Dollar, its price became unstable and it is currently on the decline prompting the Luna Foundation Guard (LFG), a Singapore-based non-profit backed by TerraLabs, to empty its crypto reserve to support the s
  
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• NerdWallet: How to avoid 'rug pulls,' the latest cryptocurrency scam - The Columbian

  11-05-2022 16:34 via columbian.com
  
  NerdWallet: How to avoid 'rug pulls,' the latest cryptocurrency scam  The Columbian
  
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• Cryptocurrency Bitcoin Cash Down More Than 5% Within 24 hours - Benzinga - Benzinga

  11-05-2022 16:02 via benzinga.com
  
  Cryptocurrency Bitcoin Cash Down More Than 5% Within 24 hours - Benzinga  Benzinga
  
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• Cryptocurrency ApeCoin Decreases More Than 31% Within 24 hours - Benzinga - Benzinga

  11-05-2022 16:02 via benzinga.com
  
  Cryptocurrency ApeCoin Decreases More Than 31% Within 24 hours - Benzinga  Benzinga
  
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• Cryptocurrency Cosmos Hub Falls More Than 18% In 24 hours - Benzinga - Benzinga

  11-05-2022 16:01 via benzinga.com
  
  Cryptocurrency Cosmos Hub Falls More Than 18% In 24 hours - Benzinga  Benzinga
  
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• Cryptocurrency Algorand Down More Than 22% Within 24 hours - Benzinga - Benzinga

  11-05-2022 16:01 via benzinga.com
  
  Cryptocurrency Algorand Down More Than 22% Within 24 hours - Benzinga  Benzinga
  
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• Rising global adoption positions crypto perfectly for use in retail

  11-05-2022 15:29 via cointelegraph.com
  As more and more people continue to invest in digital currencies, experts believe the coming few years will see crypto making an even larger impact on the retail sector.
  
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• Sculptor aims to use the Fearless Girl statue to empower women in crypto

  11-05-2022 15:22 via cointelegraph.com
  The sculptor, Kristen Visbal, said that the proceeds from the NFT sale of Fearless Girl will be used to defend the original message of the artwork.
  
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• Bitcoin falls back under $30K while 8.3% US CPI shows signs inflation has peaked

  11-05-2022 15:18 via cointelegraph.com
  Potential relief for macro pressure offers no respite for Bitcoin as BTC price action returns to new ten-month lows.
  
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• Drunk Robots Announces 4 Massive New Partnerships and a 5,000,000 $METAL Battle Prize Pool

  11-05-2022 15:03 via newsbtc.com
  
  The post-apocalyptic city of Los Machines has become the hub of Play2Earn activity. After a sold-out IDO, Animoca Brands-backed Drunk Robots has partnered up with Infinity Force and 3 major guilds – has just rehauled its game economy after a sold-out IDO, increasing the rewards and making it even easier to enter the game.Drink, fight, earnAfter ‘play to earn’ and ‘move to earn’, has the time come for ‘drink and fight to earn’? At least that’s what
  
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• 1GCX Launches New Exchange Platform to Revolutionize Cryptocurrency Through Sustainable Innovation - Business Wire

  11-05-2022 15:02 via businesswire.com
  
  1GCX Launches New Exchange Platform to Revolutionize Cryptocurrency Through Sustainable Innovation  Business Wire
  
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• Mara to build pan-African cryptocurrency exchange with $23M raised - VentureBeat

  11-05-2022 15:00 via venturebeat.com
  
  Mara to build pan-African cryptocurrency exchange with $23M raised  VentureBeat
  
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• Backed by Coinbase and Alameda, African exchange MARA eyes continental prospects

  11-05-2022 15:00 via cointelegraph.com
  
  Africa’s booming crypto ecosystem welcomes a new exchange platform MARA with backing from the likes of Coinbase Ventures and Alameda Research.
  
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• AboutBit launches one of nation's largest cryptocurrency mining facilities - GlobeNewswire

  11-05-2022 15:00 via globenewswire.com
  
  AboutBit launches one of nation's largest cryptocurrency mining facilities  GlobeNewswire
  
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• Industry experts weigh in on SEC hiring more crypto cops

  11-05-2022 14:50 via cointelegraph.com
  The SEC's decision to expand its digital assets section was well received by industry experts and came as no surprise, given the growing interest in cryptocurrencies.
  
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• Cryptocurrency Investor, Trader and Analyst Scott Melker Releases New Episodes of Podcast Series, The Wolf of All Streets, Featuring Leading Voices in Finance, Cryptocurrency and Investment - PR Newswire

  11-05-2022 14:44 via prnewswire.com
  
  Cryptocurrency Investor, Trader and Analyst Scott Melker Releases New Episodes of Podcast Series, The Wolf of All Streets, Featuring Leading Voices in Finance, Cryptocurrency and Investment  PR Newswire
  
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• Bancor 3 goes live with impermanent loss protection for liquidity providers

  11-05-2022 14:30 via cointelegraph.com
  Bancor’s new liquidity mining strategy promises to bring organic on-chain liquidity and make DeFi staking easier for DAOs.
  
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