Cryptocurrency news

• Gov. DeSantis signs law defining, deregulating cryptocurrency - Florida Politics

  12-05-2022 23:55 via floridapolitics.com
  
  Gov. DeSantis signs law defining, deregulating cryptocurrency  Florida Politics
  
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• Shanghai court affirms that Bitcoin is virtual property, subject to property rights

  12-05-2022 23:25 via cointelegraph.com
  
  A district court in Shanghai ruled for Bitcoin owner’s right to compensation in case involving unpaid loan and decided on Bitcoin legal status in the process.
  
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• Look out below! Ethereum derivatives data hints at further downside from ETH

  12-05-2022 23:15 via cointelegraph.com
  
  ETH options pricing and the top traders' long-to-short ratio signal a lack of confidence in the $1,700 support.
  
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• US Senate confirms Jerome Powell for another four years as Fed chair

  12-05-2022 22:45 via cointelegraph.com
  
  In a 80–19 vote in the Senate, U.S. lawmakers confirmed Jerome Powell as the next chair of the Federal Reserve System, where he will also serve as a board member until 2028.
  
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• Cryptocurrency meltdown prompts Treasury Secretary Janet Yellen to call for new regulation - OregonLive

  12-05-2022 22:20 via oregonlive.com
  
  Cryptocurrency meltdown prompts Treasury Secretary Janet Yellen to call for new regulation  OregonLive
  
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• Crypto-associated stocks hammered as COIN and HOOD drop to record lows

  12-05-2022 22:16 via cointelegraph.com
  
  The stock price of listed BTC mining companies and other businesses with exposure to cryptocurrency are dropping to yearly lows as the crypto market continues to sell-off.
  
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• Using cryptocurrency to attract and retain employees - VentureBeat

  12-05-2022 22:07 via venturebeat.com
  
  Using cryptocurrency to attract and retain employees  VentureBeat
  
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• Nasdaq partners with XP to launch cryptocurrency exchange in Brazil

  12-05-2022 22:00 via cointelegraph.com
  
  The exchange, known as XTAGE, is currently scheduled to launch in Q2 2022.
  
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• Germany outlines favorable tax guidelines, gains on BTC and ETH sold after a year tax-free

  12-05-2022 21:15 via cointelegraph.com
  
  Germany’s Finance Ministry has released new cryptocurrency tax guidelines with no tax payable on gains from BTC and ETH sold after 12 months of acquisition.
  
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• Nasdaq partners with XP to launch cryptocurrency exchange in Brazil - Cointelegraph

  12-05-2022 21:00 via cointelegraph.com
  
  Nasdaq partners with XP to launch cryptocurrency exchange in Brazil  Cointelegraph
  
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• Bitcoin Bloodbath Awakens Sleepy Giant As Spot Volumes Surge

  12-05-2022 21:00 via newsbtc.com
  
  Data shows the Bitcoin carnage has awakened the dead trading volume that had persisted since many months now.
  Bitcoin Trading Volume Surges To Highest Value Since December
  As per the latest weekly report from Arcane Research, the latest bloodbath in the crypto market has awakened BTC’s spot trading volume.
  The “trading volume” is an indicator that measures the total amount of Bitcoin being moved on the chain on any given day.
  When the value of this metric rises, it means the ma
  
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• Stablecoins’ recent depegging is not a ‘real threat to financial stability,’ says Janet Yellen

  12-05-2022 20:30 via cointelegraph.com
  
  Terra's UST dropped as low as $0.29 and Tether's USDT stablecoin briefly depegged from the dollar to hit $0.96 on Wednesday.
  
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• Stablecoins' recent de-pegging is not a 'real threat to financial stability,' says Janet Yellen

  12-05-2022 20:30 via cointelegraph.com
  
  Terra's UST dropped as low as $0.29 and Tether's USDT stablecoin briefly de-pegged from the dollar to hit $0.96 on Wednesday.
  
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• BiFarms Network Announced the Launch of the Decentralized Multichain Yield Optimizer Platform and Tier-less Launchpad Ecosystem

  12-05-2022 20:08 via newsbtc.com
  
  BiFARMS has announced the launch of the all in one decentralized finance yield optimizer platform that’s focused on providing high yields on crypto assets. BiFARMS aims to simplify this process by creating a seamless and streamlined process for users to earn a rewardingly high yet modest APR in the easiest and safest way while ensuring sustainable growth within the BiFARMS platform across multiple farming ecosystems.
  According to the research, the Decentralized Finance (DeFi) crypto market
  
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• 3 reasons why bears aim to pin Bitcoin below $30K for this week’s BTC options expiry

  12-05-2022 20:05 via cointelegraph.com
  
  BTC price is in a freefall and data suggests bears plan to keep the price below $30,000 until the May 13 options expiry.
  
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• Mangata Finance’s Polkadot-based Efficient, MEV-Free DEX Coming June 6th

  12-05-2022 20:01 via newsbtc.com
  
  Mangata Finance, the Polkadot-based DEX, is all set for launch on June 6th.
  Recently, it had a successful crowdloan that was closed in just under an hour that secured it a slot on Polkadot’s innovation network Kusama. Over $2 million in value was bonded through the crowdloan, a process of staking Polkadot (DOT) tokens to support a specific project in the Polkadot Slot Auction, in return for which participants receive rewards from the projects.
  The project also raised $4.2 million in equity
  
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• The Metaverse in South Korea: TopGoal Brings Football to Klaytn Blockchain

  12-05-2022 19:53 via newsbtc.com
  
  The metaverse isn’t merely tech jargon. It’s a whole new virtual reality, evolving rapidly to change lives and industries. Beginning as a sci-fi fantasy two decades ago, the metaverse has now become intertwined with modern life. The estimations of it being a $1 trillion revenue opportunity is thus no surprise. The excitement also gripped corporates recently, with the Facebook rebranding to Meta and launching metaverse-focused initiatives in 2021.
  But above all, the metaverse is Web3&
  
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• Where Else Sam Bankman-Fried Has Scattered His Cryptocurrency Fortune - Willamette Week

  12-05-2022 19:40 via wweek.com
  
  Where Else Sam Bankman-Fried Has Scattered His Cryptocurrency Fortune  Willamette Week
  
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• Secure Cryptocurrency Platform Announces MSB Compliance Operation License - Another Achievement for Safetycoin Exchange - GlobeNewswire

  12-05-2022 19:39 via globenewswire.com
  
  Secure Cryptocurrency Platform Announces MSB Compliance Operation License - Another Achievement for Safetycoin Exchange  GlobeNewswire
  
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• CEO Of Cryptocurrency And Forex Trading Platform Charged With Fraudulent Scheme Involving Over $59 Million - Department of Justice

  12-05-2022 19:37 via justice.gov
  CEO Of Cryptocurrency And Forex Trading Platform Charged With Fraudulent Scheme Involving Over $59 Million  Department of Justice
  
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• How long will the crypto bear market last? Raoul Pal's macro analysis

  12-05-2022 19:15 via cointelegraph.com
  
  In an exclusive interview with Cointelegraph, macro investor Raoul Pal analyzes the macro factors that are keeping the crypto markets under pressure and the triggers that could spark the next Bitcoin rally.
  
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• Ethereum Tumbles To 10-Month Lows As Sell-Offs Intensifies

  12-05-2022 19:00 via newsbtc.com
  
  Ethereum has been on a downward trend with the rest of the market. Most notable though had been the movement of the digital asset in the last 24 hours. Ethereum which had been holding up above the $2,000 level had finally succumbed to pressure from bears. This saw it lose about 20% of its value in a day and had effectively pushed it back toward the $1,600 level. The push behind this remains the same; massive sell-offs.
  Ethereum Investors Want Out
  Investors in the second-largest cryptocurrency by
  
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• Bitcoin could target $32K, says trader as LUNA crashes below one penny

  12-05-2022 18:53 via cointelegraph.com
  
  Bitcoin price action appears to be back with a bang as record-breaking long leverage builds on Bitfinex.
  
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• Breaking: Terra blockchain officially halted following LUNA price collapse

  12-05-2022 18:41 via cointelegraph.com
  Validators decided to halt chain operations on Thursday in anticipation of governance attacks as the LUNA token plunged over 99%.
  
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• Crypto needs regulation but should be done right: Report and database

  12-05-2022 18:21 via cointelegraph.com
  
  The absence of a well-defined regulatory landscape sows uncertainty in the crypto industry. What should the regulators do to set things right?
  
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• Binance will delist LUNA/USDT contracts as price falls below 0.005

  12-05-2022 18:20 via cointelegraph.com
  
  The major crypto exchange said on Thursday it would delist the trading pair if the price fell under 0.005 USDT, which has already happened.
  
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• NFT scams, toxic ‘mines’ and lost life savings: the cryptocurrency dream is fading fast - The Guardian

  12-05-2022 18:13 via theguardian.com
  
  NFT scams, toxic ‘mines’ and lost life savings: the cryptocurrency dream is fading fast  The Guardian
  
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• Explainer: What are stablecoins, the asset rocking the cryptocurrency market? - Reuters

  12-05-2022 18:01 via reuters.com
  
  Explainer: What are stablecoins, the asset rocking the cryptocurrency market?  Reuters
  
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• Grayscale Met With The SEC, Tried To Convince Them To Turn The GBTC Into An ETF

  12-05-2022 18:00 via newsbtc.com
  
  Will GBTC get to become the first US-based spot bitcoin ETF? The euphoria from six months ago turned into Grayscale hinting that it might sue the SEC if its request is denied. Currently, the climate dictates that the answer will probably be negative, but the company is not giving up. According to CNBC, Grayscale “met privately with the Securities and Exchange Commission last week in an effort to persuade the regulator to approve the conversion of its flagship fund into an ETF.”
  Relat
  
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• Dogecoin eyes 'oversold' bounce as DOGE price gives up 90% of yearly gains

  12-05-2022 17:45 via cointelegraph.com
  
  Elon Musk could play a key role in reviving the Dogecoin market from the ongoing, TerraUSD-led bearish slumber.
  
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• Tether CTO Says, USDT-Dollar Remains Strong Amid Stablecoin Crises

  12-05-2022 17:00 via newsbtc.com
  
  The LUNA/UST affair has caused discrepancies in the BTC-stablecoin trading pairs on different global cryptocurrency exchanges. Cryptocurrencies are still feeling the effects of the TerraUSD disaster, with markets continuing to suffer significant losses. 
  Related Reading | TA: Bitcoin Breaks $30K, Why This Could Turn Into Larger Downtrend
  While Tether (USDT) traded under $0.99, showing a sign of stress – Paolo Ardoino, Tether and Bitfinex’s chief technology officer, took to Twitt
  
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• Chainalysis announces $170M funding round, platform now valued at $8.6 billion

  12-05-2022 16:40 via cointelegraph.com
  
  This is the tenth and largest funding for the blockchain aggregation and reporting service since its inception in October 2014.
  
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• Factbox: U.S. companies and their cryptocurrency holdings - Reuters

  12-05-2022 16:18 via reuters.com
  
  Factbox: U.S. companies and their cryptocurrency holdings  Reuters
  
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• How blockchain archives can change how we record history in wartime

  12-05-2022 16:17 via cointelegraph.com
  
  We are coming into a great age of blockchain technology, but there are limits that need to be solved before decentralized archives enter the mainstream.
  
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• LifeLegacy Launches Industry-First Method to Leave Cryptocurrency in a Will - PR Newswire

  12-05-2022 16:12 via prnewswire.com
  
  LifeLegacy Launches Industry-First Method to Leave Cryptocurrency in a Will  PR Newswire
  
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• Untethered: Here’s everything you need to know about TerraUSD, Tether and other stablecoins

  12-05-2022 15:24 via cointelegraph.com
  
  Established stablecoin trading pairs have struggled to keep stable on crypto exchanges around the world. Here are the updates as the situation evolves.
  
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• All you need to know about cryptocurrency as Bitcoin value plummets - Daily Mail

  12-05-2022 15:05 via dailymail.co.uk
  
  All you need to know about cryptocurrency as Bitcoin value plummets  Daily Mail
  
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• Madonna’s nude NFT launch triggers a mix of emotions from the community

  12-05-2022 14:47 via cointelegraph.com
  
  From being inspired to bashing the artwork’s “flaws,” the community responded to Madonna and Beeple’s latest NFT drop.
  
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• Madonna nude NFT launch triggers a mix of emotions from the community

  12-05-2022 14:47 via cointelegraph.com
  
  From being inspired to bashing the artwork’s “flaws,” the community responded to Madonna and Beeple’s latest NFT drop.
  
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• From Play2Earn To Create2Earn: Take Your Seat At The NFT Moon Metaverse Table On May 15

  12-05-2022 14:46 via newsbtc.com
  
  At the beginning of the year, few were not impressed by the phenomenal growth of Play2Earn model games like Axie Infinity. Decentralised finance sided with the gaming industry and formed a long-awaited GameFi sector.
  What came to replace the Play2Earn model and why? Why is the gaming industry shifting towards creating metaverses and at what table retail investors can get a seat? Why is Create2Earn more sustainable than Play2Earn long-term?
  Let’s dive deeper into the main question: how to g
  
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• Here's My Top Cryptocurrency to Buy in May - The Motley Fool

  12-05-2022 14:35 via fool.com
  
  Here's My Top Cryptocurrency to Buy in May  The Motley Fool
  
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• ApeCoin rebounds after APE price crashes 80% in two weeks: dead cat bounce or bottom?

  12-05-2022 14:11 via cointelegraph.com
  
  APE risks crashing into unchartered price territory as it follows Bitcoin and the rest of the crypto market.
  
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• Why the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains

  12-05-2022 13:26 via cointelegraph.com
  
  Total assets invested in crypto ETFs and ETPs hit $16.3 billion by the end of the first quarter, but the community is still waiting for a spot Bitcoin ETF in the U.S.
  
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• Ethereum plunges 13% vs. Bitcoin pushing BTC dominance to 2022 high — more pain ahead?

  12-05-2022 12:57 via cointelegraph.com
  
  Bitcoin dominance has spiked to six-month highs at Ethereum's expense as ETH/BTC suffers big losses.
  
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• Ether plunges 13% while Bitcoin pushes BTC dominance to 2022 high — more pain ahead?

  12-05-2022 12:57 via cointelegraph.com
  
  Bitcoin dominance has spiked to six-month highs at Ether’s expense as ETH/BTC suffers big losses.
  
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• Tether to move over 1B USDT from Tron to Ethereum and Avalanche

  12-05-2022 12:50 via cointelegraph.com
  
  One billion USDT will be transferred to the Ethereum blockchain, while another 20 million USDT will go to Avalanche.
  
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• ViaBTC Capital｜The Collapse of LUNA

  12-05-2022 12:44 via newsbtc.com
  
  Timeline of the Collapse:
  -In the early morning of May 8, to prepare for the 4Crv Pool, Luna Foundation Guard (LFG), a Singapore-based non-profit that maintains the Terra network, removed $150 million worth of UST from the UST-3Crv Pool. At this time, the TVL of the pool was around $700 million. In other words, it cost only about $300 million to drain this pool.– To keep the balance of liquidity in the UST-3Crv Pool, LFG removed another $100 million worth of UST from the pool.
  – On t
  
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• PancakeSwap governance proposal set to cap CAKE supply at 750M

  12-05-2022 12:39 via cointelegraph.com
  
  A snapshot motion issued by the PancakeSwap team received over 11 million CAKE votes since commencement, with the majority of participants favoring the v2 evolution.
  
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• Binance Futures delists coin-margined LUNA perpetual contracts

  12-05-2022 11:40 via cointelegraph.com
  
  Binance suspended withdrawals for LUNA and UST amid the UST stablecoin losing its peg to the U.S. dollar on Tuesday.
  
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• Coinbase CEO says funds are safe amid bankruptcy protection fears

  12-05-2022 11:29 via cointelegraph.com
  
  Brian Armstrong, co-founder and CEO of Coinbase, responded to fears surrounding a disclosure that the company made in its recent report.
  
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