Cryptocurrency news

• Founder And CEO Of Off-Shore Cryptocurrency Derivatives Platform Sentenced For Violating The Bank Secrecy Act - Department of Justice

  20-05-2022 23:52 via justice.gov
  Founder And CEO Of Off-Shore Cryptocurrency Derivatives Platform Sentenced For Violating The Bank Secrecy Act  Department of Justice
  
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• 20% drop in the S&P 500 puts stocks in a bear market, Bitcoin and altcoins follow

  20-05-2022 23:30 via cointelegraph.com
  
  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.
  
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• OpenSea launches Seaport ​​marketplace protocol allowing NFT bartering

  20-05-2022 23:29 via cointelegraph.com
  
  “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.
  
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• OpenSea launches 'Seaport' ​​marketplace protocol allowing NFT bartering

  20-05-2022 23:29 via cointelegraph.com
  
  “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.
  
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• Swappi’s New Launchpad Feature to Bring IDOs to Conflux

  20-05-2022 23:25 via coinjournal.net
  
  New York, NY, 20th May, 2022, Chainwire
  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 an Initial Dex Offering (IDO) on Swappi.
  Swappi Launchpad allows projects to conduct IDOs and hold both private and public sales, letting them set fixed token prices, token
  
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• Florida Rep. Donalds introduces Financial Freedom Act companion bill in the House

  20-05-2022 23:25 via cointelegraph.com
  
  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.
  
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• Polkadot (DOT) could plunge after correction from its recent rally

  20-05-2022 23:21 via coinjournal.net
  
  Polkadot (DOT) has finally managed to get closer to $10 after falling sharply over the last week or so. The coin has also seen decent gains this week as it recovers most of the losses reported in the middle of May. But this bull run is losing steam and a correction appears imminent. Here are some important points:
  DOT is losing steam after testing the $10 price.
  The coin will likely face a major correction as short-term investors lock in profit.
  DOT could fall sharply to $7.35 in the near term.
  
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• Tron’s (TRX) bullish forecast could push the coin above $0.075 in the coming days

  20-05-2022 23:17 via coinjournal.net
  
  Tron (TRX) has rallied impressively this week. The coin is now trying to surge past a strong resistance zone. With good recovery momentum, TRX could see more gains in the near term before any correction. Here are important takeaway points:
  TRX is trying to surge past the $0.075 resistance zone
  If Tron is successful, it could trigger a decisive bull run with impressive gains
  Recovery momentum could play a key role in pushing the price above this mark.
  Data Source: Tradingview 
  Tron (TRX) &nd
  
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• FCA will 'absolutely' consider recent stablecoin depegging when drafting crypto rules: Report

  20-05-2022 23:15 via cointelegraph.com
  
  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.
  
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• These 3 undervalued tokens could become hot in the months ahead

  20-05-2022 23:00 via coinjournal.net
  
  The goal for any investor is to buy assets at a lower price and sell them when the price has shot up. In crypto, prices for assets can often shoot up very fast. If you are able to find undervalued gems, you could become very rich. But how do you find these undervalued coins? Here are some tips:
  Focus mostly on new projects that are yet to achieve massive media coverage
  Follow major venture capital firms and where they are putting their money
  Analyze project roadmaps and visions to see future pot
  
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• 3 red flags that signal a crypto project may be misleading investors

  20-05-2022 23:00 via cointelegraph.com
  
  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.
  
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• MSP Recovery joins forces with Tokenology to release tokenized healthcare initiative

  20-05-2022 22:44 via cointelegraph.com
  
  Launching on the Polygon network, the LifeChain platform is intended to vastly reduce occurrences of fraud within the U.S healthcare system.
  
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• Finance Redefined: Lifeline for Terra projects, proposed Terra hard fork and more

  20-05-2022 22:15 via cointelegraph.com
  
  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.
  
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• Investors Continue To Trade LUNA Despite Massive Crash

  20-05-2022 22:00 via newsbtc.com
  
  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 of $918 million, LUNA is trading at $0.00013 per coin. The coin has gained 1% in the last 24 hours and 75% last week.  
  Related Reading | Bitcoin Selling Pressure Continues As Long-Term Holder SOPR Spikes Up
  It’
  
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• 3K+ Bit Digital hosting partner's crypto miners go offline after explosion and fire

  20-05-2022 21:45 via cointelegraph.com
  
  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."
  
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• Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions

  20-05-2022 21:15 via cointelegraph.com
  
  Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors.
  
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• Bitcoin NUPL Touches Lows Not Seen Since COVID Crash, Rebound Soon?

  20-05-2022 21:00 via newsbtc.com
  
  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 favorable for a rebound in the crypto’s price.
  The “net unrealized profit and loss,” or NUPL in brief, is an indicator that’s defined as the difference between the current Bitcoin market
  
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• Price analysis 5/20: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

  20-05-2022 20:25 via cointelegraph.com
  
  BTC and altcoins produced the occasional relief rally, but technical analysis suggests that the prevailing trend will remain bearish for some time to come.
  
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• Bearish head and shoulders pattern forces Ethereum traders to re-adjust their price targets

  20-05-2022 19:36 via cointelegraph.com
  
  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.
  
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• Crypto Biz: Amid crypto carnage, Goldman and Barclays fill their bags, May 12-18, 2022

  20-05-2022 19:30 via cointelegraph.com
  
  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?
  
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• Long Liquidations Continue To Rock Market As Bitcoin Struggles To Settle Above $30,000

  20-05-2022 19:00 via newsbtc.com
  
  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 had seen it record its largest liquidation event in six, long traders are still being rekt in the markets.
  Bitcoin Liquidations Touch $61 Million
  Bitcoin long liquidations may have slowed down but they are far fr
  
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• KuCoin price has nosedived. Should you buy the KCS dip?

  20-05-2022 18:38 via coinjournal.net
  
  The KuCoin Token price declined sharply during the American session on Friday. The token slipped to a session low of $19.34, which was its lowest level since March 28th this year. KCS has declined by more than 12% from its YTD high, bringing its total market cap to over $1.4 billion.
  Is KCS a good buy?
  KuCoin is one of the biggest companies in the cryptocurrency industry. The firm runs a popular exchange that handles billions of dollars every day.
  Like other companies in the industry, KuCoin has
  
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• Panama's president says he won't sign crypto bill into law 'at this moment'

  20-05-2022 18:30 via cointelegraph.com
  
  “If the law has clauses related to money laundering activities — anti-money laundering activities — that’s very important to us," said Panama President Laurentino Cortizo.
  
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• Jasmy Coin price prediction: Will ‘Japan’s Bitcoin’ Recover?

  20-05-2022 18:04 via coinjournal.net
  
  The Jasmy Coin price has lost its momentum in the past few weeks as concerns in the cryptocurrency industry continue. The token is trading at $0.01120, which is about 96% below its all-time high. Its performance has mirrored that of other large and small cryptocurrencies like Bitcoin and Dogecoin.
  Jasmy loses momentum
  Jasmy Coin is a relatively small blockchain project that was started by former senior executives at Sony, one of the biggest firms globally. It is popularly known as Japan’s
  
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• In wake of crash, cryptocurrency regulation focus heightens - TechTarget

  20-05-2022 18:04 via techtarget.com
  
  In wake of crash, cryptocurrency regulation focus heightens  TechTarget
  
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• DOL Warns Against Plan Investments in Cryptocurrency | Laner Muchin, Ltd. - JDSupra - JD Supra

  20-05-2022 17:33 via jdsupra.com
  
  DOL Warns Against Plan Investments in Cryptocurrency | Laner Muchin, Ltd. - JDSupra  JD Supra
  
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• Terra’s amended revival plan would decrease the allocation for post-attack UST holders

  20-05-2022 17:30 via cointelegraph.com
  
  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.
  
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• Bitcoin 'death cross' data hints 43% drop due in BTC price bear market

  20-05-2022 17:15 via cointelegraph.com
  
  Based on historical tendencies, $22,700 could now mark the next "generational bottom" for Bitcoin, new analysis says.
  
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• Ethereum preparing a 'bear trap' ahead of The Merge — ETH price to $4K next?

  20-05-2022 16:43 via cointelegraph.com
  
  An ascending triangle setup promises major price rebound in the Ethereum price in 2022.
  
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• Bitcoin Pizza Day merch delivers lightning-fast style

  20-05-2022 16:07 via cointelegraph.com
  
  Cointelegraph Store brings you Pizza Day merch, and luckily you don’t have to spend 10k BTC to get your hands on a piece.
  
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• Tether Cuts 17% Of Its Commercial Paper Holdings Over Q1 2022

  20-05-2022 16:00 via newsbtc.com
  
  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 continues for a further 20% decline since April 1. The firm will highlight this 20% reduction in the Q2 report.
  The crypto project took these steps following the USDT stablecoin losing its dollar pe
  
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• Panel reaches deal on cryptocurrency regulation, domestic steel requirement - New Hampshire Business Review

  20-05-2022 15:24 via nhbr.com
  
  Panel reaches deal on cryptocurrency regulation, domestic steel requirement  New Hampshire Business Review
  
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• European families see crypto as a tool to increase savings: Survey

  20-05-2022 15:24 via cointelegraph.com
  
  The study noted that three out of five European respondents declared a 50% growth in their crypto investments.
  
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• UST aftermath: Is there any future for algorithmic stablecoins?

  20-05-2022 15:07 via cointelegraph.com
  
  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.”
  
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• How To Spot a Trustworthy Crypto Casino

  20-05-2022 15:03 via newsbtc.com
  
  Crypto casinos are online casinos that use cryptocurrency as their primary means of payment. While traditional online casinos tend to focus on fiat currencies, crypto casinos offer a more decentralized approach that makes use of digital assets such as Bitcoin and Ethereum.
  Crypto & Bitcoin casinos have become increasingly popular in recent years, thanks to their anonymity, fast transactions, and low fees. However, not all crypto casinos are created equal. In order to ensure that you’re
  
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• WEF 2022: Blockchain and digitization to take center stage at Davos

  20-05-2022 15:00 via cointelegraph.com
  
  Sustainability goals for Bitcoin will be presented to world leaders during the first in-person World Economic Forum since the start of the pandemic.
  
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• Cardano accelerator program Genius X ISPO nets $105 million in ADA

  20-05-2022 15:00 via cointelegraph.com
  Cardano-based accelerator program Genius X continues to attract ADA delegators after the launch of its ISPO.
  
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• Cosmos price rebounds 45% in one week despite Terra's debacle — what's next for ATOM?

  20-05-2022 14:44 via cointelegraph.com
  
  ATOM's ascending triangle setup opens up the possibility for another major crash by June 2022.
  
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• How Blockchain is Finally Getting Africa on the Grid

  20-05-2022 14:11 via newsbtc.com
  
  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 percent of the African population has access to banking services in 2022. Accounts being the first point of entry into the formal financial system puts its citizens at an enormous set
  
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• Cryptocurrency Market Enters Green Zone with up to 30% Gains: Recovery Ahead? - U.Today

  20-05-2022 14:10 via u.today
  
  Cryptocurrency Market Enters Green Zone with up to 30% Gains: Recovery Ahead?  U.Today
  
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• Algorithmic, fiat-backed or crypto-backed: What’s the best stablecoin type?

  20-05-2022 13:56 via cointelegraph.com
  
  DAI has been around since 2017, which no algo stablecoins has ever matched, and it’s unlikely to share the fate of UST.
  
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• Weighing whether cryptocurrency, sports and fans are a good combination - The Athletic

  20-05-2022 13:06 via theathletic.com
  
  Weighing whether cryptocurrency, sports and fans are a good combination  The Athletic
  
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• Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash

  20-05-2022 13:00 via cointelegraph.com
  
  A revelatory discovery of legal documents could provide greater context to the catalyst of the infamous LUNA and UST price crash
  
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• Goldman Sees Little US Economic Impact From Lower Cryptocurrency Prices - CoinDesk

  20-05-2022 12:43 via coindesk.com
  
  Goldman Sees Little US Economic Impact From Lower Cryptocurrency Prices  CoinDesk
  
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• Crypto veterans extend a helping hand to bear market newbies

  20-05-2022 12:40 via cointelegraph.com
  
  Guy Swann listed buying Bitcoin on top of his list of advice for beginners who are experiencing their first bear market.
  
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• PayPal Announce Plans to Allow Users to Buy and Sell Cryptocurrency - Amico Hoops

  20-05-2022 12:28 via amicohoops.net
  
  PayPal Announce Plans to Allow Users to Buy and Sell Cryptocurrency  Amico Hoops
  
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• Central bankers bellow Bitcoin on El Salvador's Bitcoin Beach

  20-05-2022 12:24 via cointelegraph.com
  
  On day three of El Salvador’s financial inclusion and funding for SMEs conference, Bitcoin has stolen the show.
  
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• Here is why Kyber Network Crystal is up by 24% today

  20-05-2022 12:05 via coinjournal.net
  
  The cryptocurrency market will end the week on a positive note after adding more than 2% to its value in the last 24 hours.The broader crypto market has added more than 2% in the last 24 hours. At press time, the total cryptocurrency market cap stands above $1.26 trillion.
  Bitcoin is trading above $30k again after spending the majority of this week below this threshold. Ether, the world’s second-largest cryptocurrency by market cap, is trading at $2,000 again after adding more than 2% over
  
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• Explainer: Cryptocurrency And How It Works - i24NEWS

  20-05-2022 12:00 via i24news.tv
  
  Explainer: Cryptocurrency And How It Works  i24NEWS
  
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• Wombat Soars to $40M in TVL While Still at Beta

  20-05-2022 11:53 via coinjournal.net
  
  Hong Kong, Hong Kong, 20th May, 2022, Chainwire
  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 were left feeble and drained. Their 24-hour trading volume reached an all-time high of $35M, and the liquidity cap ascended to $40M as of May 20th. Th
  
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