Cryptocurrency news

• Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates

  24-05-2022 23:24 via cointelegraph.com
  
  The Federal Reserve’s steady interest rate hikes have put stocks and crypto into bear market territory, but analysts worry about what happens if inflation still remains out of the “target range.”
  
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• Bitcoin Price Could Fall To $8,000, Says Guggenheim CIO

  24-05-2022 23:00 via newsbtc.com
  
  Hearing more negative speculation would be unpleasant for the investors as the recent bloodbath’s catastrophic effects already slowed down crypto markets. But unfortunately, an expert predicted Bitcoin would go far below.
  Scott Minerd, Chief officer at Guggenheim Partners, a global investment and advisory firm handling $325 billion under its management, speculated that the Bitcoin price could plummet to $8,000. He is the same man who once said in December that “Bitcoin price should b
  
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• ECB: One in ten households in eurozone population centers now own cryptocurrency

  24-05-2022 22:45 via cointelegraph.com
  
  The survey took place in the EU's major economic areas such as France, Germany, Italy, Spain, Belgium, and the Netherlands.
  
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• Weak stocks and declining DeFi use continue to weigh on Ethereum price

  24-05-2022 22:40 via cointelegraph.com
  
  Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000.
  
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• Looking For Cryptocurrency In Romance and Other Places - The National Law Review

  24-05-2022 22:23 via natlawreview.com
  
  Looking For Cryptocurrency In Romance and Other Places  The National Law Review
  
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• WEF 2022: Web3 no longer just about crypto and DeFi, says Polkadot founder Gavin Wood

  24-05-2022 21:57 via cointelegraph.com
  
  Blockchain startups building for the Web3 economy have attracted billions of dollars in venture capital funding this year alone.
  
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• ECB: One in ten households in eurozone population centers now own cryptocurrency - Cointelegraph

  24-05-2022 21:45 via cointelegraph.com
  
  ECB: One in ten households in eurozone population centers now own cryptocurrency  Cointelegraph
  
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• Mercado Bitcoin partners with Stellar to create MVP for Brazilian CBDC

  24-05-2022 21:15 via cointelegraph.com
  
  Cryptocurrency companies unite to create use cases for Brazil’s CBDC with central bank approval.
  
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• WEF 2022: Trust and clarity are missing in discussions of carbon emissions and crypto

  24-05-2022 20:30 via cointelegraph.com
  
  Panelists at the World Economic Forum session on crypto’s carbon footprint seem to be seeing FUD galore surrounding the environmental consequences of crypto mining.
  
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• How Ethereum’s Uniswap Reached A Milestone Of $1 Trillion In Trading Volume

  24-05-2022 20:00 via newsbtc.com
  
  Popular decentralized exchange (DEX) platform on Ethereum, Uniswap, celebrates a major milestone. Via its official Twitter account, the team behind the protocol announced that it has processed $1 trillion in all-time trading volume.
  Related Reading | Coinbase Is on a Downwards Spiral and Could Be Taking your Crypto with It
  As seen below, this metric has been on an uptrend since September 2020. At that time, the protocol processed less than $10 billion in cumulative trading volume.
  The $1 tr
  
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• Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price

  24-05-2022 19:45 via cointelegraph.com
  
  Solana continues to consolidate near the critical $50 price range, while bulls have begun to flirt with the idea of a possible upswing.
  
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• Coinbase makes history as the first crypto company on the Fortune 500—just in time for the crypto winter - Fortune

  24-05-2022 19:18 via fortune.com
  
  Coinbase makes history as the first crypto company on the Fortune 500—just in time for the crypto winter  Fortune
  
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• Bitcoin, Ethereum Exchange Inflows Suggest Sell-Offs Are Far From Over

  24-05-2022 19:00 via newsbtc.com
  
  Bitcoin and Ethereum have been at the forefront of market sell-offs that were triggered by the UST crash. Since then, sellers have continued to dominate the market and even with buyers making significant moves, it continues to be a seller’s market. The hope had been that a reversal in this trend would be witnessed with the start of the new week. However, inflow and outflow trends have indicated that sell-offs may continue for much longer.
  Bitcoin, Ethereum Inflows Remain High
  For Monday, t
  
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• Cryptocurrency as a 401(K) Plan Investment Option | Lathrop GPM - JDSupra - JD Supra

  24-05-2022 18:44 via jdsupra.com
  
  Cryptocurrency as a 401(K) Plan Investment Option | Lathrop GPM - JDSupra  JD Supra
  
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• Crypto funds under management drop to a low not seen since July 2021

  24-05-2022 18:30 via cointelegraph.com
  
  Outflows from digital asset funds reached $141 million last week, a figure not seen since July 2021.
  
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• How Ukraine's wide use of cryptocurrency is playing out during the war - The Verge

  24-05-2022 17:22 via theverge.com
  
  How Ukraine's wide use of cryptocurrency is playing out during the war  The Verge
  
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• Bitcoin price returns to weekly lows under $29K as Nasdaq leads fresh US stocks dive

  24-05-2022 16:49 via cointelegraph.com
  
  BTC price action remains at the mercy of equities performance at the Wall Street open.
  
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• Enforcement and adoption: What do UK’s recent regulatory aims for crypto mean?

  24-05-2022 16:47 via cointelegraph.com
  
  British regulators intend to amplify the enforcement of crypto and make stablecoins a payment method.
  
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• Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level

  24-05-2022 16:15 via cointelegraph.com
  
  The current worst case scenario involves a 28% wick below the 200-week moving average, one theory suggests.
  
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• WEF 2022: Bitcoin should be seen from an innovation perspective, says Miami mayor

  24-05-2022 16:08 via cointelegraph.com
  
  Francis Suarez reminded people that volatility plays an equal role when the market is going up, but the concerns only come up during bear markets.
  
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• WEF 2022: Blockchain community breaks stereotypes at Davos

  24-05-2022 15:40 via cointelegraph.com
  
  Soramitsu CEO Makoto Takemiya described blockchain companies as the “barbarians at the gate,” storming the World Economic Forum 2022.
  
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• Top 3 cryptocurrencies that are faring the best in the 2022 bear market

  24-05-2022 15:30 via cointelegraph.com
  
  The list is curated after studying the drawdowns of the top 30 crypto assets by market cap from their record highs.
  
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• Central African Republic to launch official crypto hub ‘Sango’

  24-05-2022 15:30 via cointelegraph.com
  
  The Central African Republic prepares to launch its first major crypto hub shortly after the National Assembly adopted Bitcoin as legal tender.
  
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• El Salvador’s Bitcoin play: What does the current slump mean for adoption?

  24-05-2022 15:03 via cointelegraph.com
  
  Despite all of the existing volatility, El Salvador’s move to legalize BTC has helped pave the way for a digital future helmed by crypto assets.
  
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• Coinbase introduces crypto to Fortune 500 while FTX CEO featured in TIME 100

  24-05-2022 15:01 via cointelegraph.com
  
  U.S.-based crypto exchange Coinbase ranked 437th on the elusive Fortune leaderboard, while Sam Bankman-Fried was highlighted by TIME magazine in the innovation category.
  
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• Game on: Yield Guild Games scholarships on the rise through Q1

  24-05-2022 15:00 via cointelegraph.com
  
  Yield Guild Games has had a very strong start to 2022 despite crypto markets falling steadily throughout the first three months of the year.
  
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• Phemex Mobile App Offers First Class Crypto Trading Even When You’re On The Go

  24-05-2022 14:32 via newsbtc.com
  
  Every crypto trader knows how frustrating it can be when there is an opportunity for a great trade but they aren’t by their computer. This is the reason why Phemex has launched its mobile app on both the Android and iOS platforms. The app offers a premium trading experience even when you are on the go. It is a powerful tool for making important market moves; all in the palm of your hands!
  Unlike most crypto trading apps in the space, which offer clunky and hard-to-navigate UIs, the Phemex
  
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• Russia's updated crypto mining bill cuts tax amnesty for Bitcoin miners

  24-05-2022 14:10 via cointelegraph.com
  
  Legislators in the lower house of Russia's parliament also dropped the notion of a special register for mining operators.
  
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• Japan's Bitbank to set up a custody firm to facilitate institutional entry to local markets

  24-05-2022 13:42 via cointelegraph.com
  
  In partnership with Sumitomo Mitsui Trust Holdings, crypto exchange Bitbank revealed plans to establish JADAT, a crypto-specialized custodian.
  
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• Bitcoin dives to fill CME gap amid claim new all-time highs will take 2 years

  24-05-2022 13:18 via cointelegraph.com
  
  Don't hold your breath for a return to $69,000 this year or next, one commentator says.
  
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• ADDX bags $58M to reduce min. private investment by 10x via smart contracts

  24-05-2022 11:00 via cointelegraph.com
  
  ADDX uses blockchain technology and smart contracts to tokenize and fractionalize private markets, including pre-IPO equity, private equity, and hedge funds and bonds.
  
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• WEF 2022, May 24: Latest updates from the Cointelegraph Davos team

  24-05-2022 10:44 via cointelegraph.com
  
  The third day of WEF 2022 will see the OECD secretary-general share his thoughts on a reimagined global tax system and industry experts discussing DeFi as the future of decentralized governance.
  
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• The cryptocurrency price fall - The Hindu

  24-05-2022 09:00 via thehindu.com
  
  The cryptocurrency price fall  The Hindu
  
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• Missed Out on Bitcoin? Buy This Cryptocurrency Now - The Motley Fool

  24-05-2022 09:00 via fool.com
  
  Missed Out on Bitcoin? Buy This Cryptocurrency Now  The Motley Fool
  
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• Cryptocurrency gateway Gate.io shares historical rise to success - Cointelegraph

  24-05-2022 09:00 via cointelegraph.com
  
  Cryptocurrency gateway Gate.io shares historical rise to success  Cointelegraph
  
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• Cryptocurrency crash devalues Ukraine's government crypto fundraise - Reuters

  24-05-2022 09:00 via reuters.com
  
  Cryptocurrency crash devalues Ukraine's government crypto fundraise  Reuters
  
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• Bitcoin, Ether, Solana Face More Crashes! Top Cryptocurrency Prices - Analytics Insight

  24-05-2022 09:00 via analyticsinsight.net
  Bitcoin, Ether, Solana Face More Crashes! Top Cryptocurrency Prices  Analytics Insight
  
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• Law Decoded: The long waves in the aftermath of UST’s crash, May 16-23

  24-05-2022 08:00 via cointelegraph.com
  
  Officials from all over the world continue discussing the solutions for stablecoins' risks
  
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• Coinbase offers 'thousands of tokens' in expanded swap service

  24-05-2022 07:50 via cointelegraph.com
  
  Coinbase has added BNB Chain and Avalanche to its list of supported networks for the Coinbase Wallet which will give traders far greater access to tokens that are not listed on the Coinbase exchange.
  
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• FTX reportedly shopping for brokerages in preparation for stock trading

  24-05-2022 07:43 via cointelegraph.com
  
  Amid its plans to roll out stock trading services, FTX has reportedly met with at least three brokerage start-ups over the past few months regarding potential acquisitions.
  
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• TA: Ethereum Dips But Here’s Why ETH Could Start Fresh Increase

  24-05-2022 07:08 via newsbtc.com
  
  Ethereum failed to clear the $2,085 resistance and declined against the US Dollar. ETH must stay above $1,920 to start a fresh increase in the near term.Ethereum failed to clear the $2,085 and $2,100 resistance levels.
  The price is now trading below $2,000 and the 100 hourly simple moving average.
  There was a break below a key bullish trend line with support near $2,000 on the hourly chart of ETH/USD (data feed via Kraken).
  The pair could continue to move down towards the main $1,920 support zon
  
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• TA: Bitcoin Price Stuck In Key Range, Why Dips Might Be Limited

  24-05-2022 05:18 via newsbtc.com
  
  Bitcoin failed again to clear the $30,600 resistance zone against the US Dollar. BTC is declining, but the bulls might remain active near $28,500.Bitcoin failed to gain strength for a move above the $30,600 resistance zone.
  The price is now trading below the $30,000 level and the 100 hourly simple moving average.
  There was break below a major bullish trend line with support near $29,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  The pair could continue to move down towards
  
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• Is cryptocurrency a Ponzi scheme? - The Boston Globe

  24-05-2022 05:00 via bostonglobe.com
  
  Is cryptocurrency a Ponzi scheme?  The Boston Globe
  
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• eBay drops first NFT collection to non-crypto mainstream buyers

  24-05-2022 04:41 via cointelegraph.com
  
  "You don't have to be a crypto expert to buy, sell, and collect NFTs. OneOf and eBay are bringing transformative Web3 technology to the next 100M non-crypto-native mass consumers," said OneOf CEO Lin Dai.
  
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• South Korean police request exchanges freeze LFG related funds

  24-05-2022 04:31 via cointelegraph.com
  
  Police in South Korea have contacted the country’s leading exchanges to freeze any funds linked to the embattled Luna Foundation Guard.
  
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• Core Ethereum developer details changes to expect after the Merge

  24-05-2022 04:09 via cointelegraph.com
  
  With the Merge still at least three months away, core Ethereum developer Time Beiko offered a few suggestions and reminders for developers and users of Ethereum.
  
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• XRP Has Broken Below Its Long Standing Support, What’s Next?

  24-05-2022 04:00 via newsbtc.com
  
  XRP flashed lateral price movement at the time of writing. The coin register some gains over the last 24 hours however, it was quite minor. Bulls are not completely back in the market yet. For bulls to be back in the market, it is essential for XRP to move above the $0.60 mark.
  Technical outlook of XRP hasn’t completely pointed towards a recovery because the bears are still in charge of the price. The one day chart of the XRP has continued to depict bearishness on the chart. Over the last
  
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• Solana (SOL) Could Register An Upswing, Thanks To This Pattern

  24-05-2022 03:00 via newsbtc.com
  
  Solana has been currently trading within a consolidation phase. Despite a recovery on charts, the coin is trading at the level it last traded in the month of August, last year. Over the last few days, the coin observed lateral price movements.
  Usually after a consolidated phase, it can be assumed that the altcoin could witness a change in the price movement. Technical outlook painted a positive price action for Solana on both its hourly as well as daily chart.
  Solana has recovered by over 40% fr
  
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• Crypto starts week Positive, Bitcoin Bulls Prep For A Breakout

  24-05-2022 01:12 via newsbtc.com
  
  On Monday, the cryptocurrency and Bitcoin market turned positive, attempting to break out of its current downturn, with market capitalization rising 1.5% to $1.37 trillion. The largest cryptocurrency, Bitcoin , reached $30,554, up 1.2%.
  Bitcoin Price Sheds Gains
  The Bitcoin price’s downhill movement is becoming increasingly apparent. A rally towards $33,700 is possible.
  For nearly two weeks, the Bitcoin price Fear and Greed indicator has been at high fear levels. Because more investors are
  
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• Eight Consecutive Red Closes: Is Bitcoin Headed For A Recovery?

  24-05-2022 01:00 via newsbtc.com
  
  Bitcoin for the past two months has been closing consecutive weeks in the red. The previous week had seen it close its seventh consecutive weekly candle for the first time in history, and although investors hoped that this would end with a reversal, the digital asset has gone on to mark another week in the red. This makes it the first time ever for bitcoin to see eight consecutive weekly closes, causing major panic among crypto investors.
  Eight Weeks Red Not Bad?
  Normally when a large digital as
  
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