Cryptocurrency news

• On-chain data shows Bitcoin long-term holders continuing to ‘soak up supply’ around $30K

  30-05-2022 23:30 via cointelegraph.com
  
  Despite being underwater on a portion of BTC positions, data shows long-term holders continuing to accumulate Bitcoin in its current range.
  
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• How Hard Is It to Create a Cryptocurrency? - MUO - MakeUseOf

  30-05-2022 23:30 via makeuseof.com
  How Hard Is It to Create a Cryptocurrency?  MUO - MakeUseOf
  
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• LUNA 2.0 Suffers Significant Price Correction Hours After Launch

  30-05-2022 23:00 via newsbtc.com
  
  The recovery plan for Terraform Labs’ stablecoin TerraUSD (UST) and its native token Terra (LUNA) embarked on a bumpy route after the LUNA 2.0 cryptocurrency suffered a substantial market fall hours after its launch.
  TerraForm Labs successfully delivered new LUNA coins to market participants holding LUNA Classic (LUNAC) and TerraUSD (UST). According to data from cryptocurrency exchange Bybit, LUNA began trading at $0.5 and quickly rose to a high of $30 before dropping by more than 88% to $
  
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• Bitcoin Breaks $30K, But Could Price Entrap Late Longs?

  30-05-2022 22:58 via newsbtc.com
  
  Bitcoin has been trading in the green over the past 24 hours as traditional markets see an overall recovery. The number one crypto by market cap experienced an increase in selling pressure over the past month as macro-economic conditions favored a decline in risk-on assets.
  Related Reading | Bitcoin On-Chain Data Signals A Long Squeeze Brewing In Futures Market
  At the time of writing, Bitcoin trades at $31,200 with a 7% profit in the last 24-hours.
  BTC moving sideways but with a slight upti
  
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• Argentines turn to Bitcoin amid inflation worries: Report

  30-05-2022 22:42 via cointelegraph.com
  
  In response to surging inflation, Argentina has become an increasingly crypto-friendly country in terms of adoption.
  
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• Ethereum price moves toward $2,000, but analysts say it’s just another ‘relief rally’

  30-05-2022 22:30 via cointelegraph.com
  
  ETH price bounced off a major support level, and while $2,000 could be a short-term target, most analysts say it’s just a “relief rally.”
  
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• Price analysis 5/30: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

  30-05-2022 21:30 via cointelegraph.com
  
  The elusive relief rally that BTC and ETH traders expected has arrived, but will the market sustain enough bullish momentum to catalyze a trend change?
  
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• MoneyGram to open transfer platform with Stellar, eyes wallet deal in El Salvador

  30-05-2022 21:30 via cointelegraph.com
  
  MoneyGram CEO Alex Holmes said the international remittances stalwart wants to be a bridge between the crypto and fiat worlds.
  
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• Bitcoin On-Chain Data Signals A Long Squeeze Brewing In Futures Market

  30-05-2022 21:00 via newsbtc.com
  
  On-chain data shows the Bitcoin open interest is sharply rising, a sign that a long squeeze may be brewing in the crypto futures market.
  Bitcoin Open Interest Has Observed Rise Recently, While Funding Rates Remain Positive
  As pointed out by an analyst in a CryptoQuant post, the futures market may be heading towards a long squeeze in the near future.
  The “open interest” is an indicator that measures the total amount of Bitcoin futures positions currently open on derivatives exchanges.
  
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• Ethereum sell-off fears rise as crypto hedge fund moves $60M ETH to an exchange

  30-05-2022 20:27 via cointelegraph.com
  
  Ether risks turning overbought on shorter timeframes, amounting to sell-offs also as it retests a critical resistance level.
  
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• Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish

  30-05-2022 20:15 via cointelegraph.com
  
  The total crypto market capitalization recovered roughly 5%, but a variety of trading metrics show investors are skeptical about the rally being a trend change.
  
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• Cryptocurrency: The best 5 cryptos to buy right now - Marca English

  30-05-2022 20:13 via marca.com
  
  Cryptocurrency: The best 5 cryptos to buy right now  Marca English
  
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• Why TRON Has Seen a 45% Hike in Total Value Locked (TVL)

  30-05-2022 20:00 via newsbtc.com
  
  According to Wu Blockchain, the TRON network has seen a hike in its total value locked (TVL) over the past 30-days. This increase seems to be related to the launch of this network’s native algorithmic stablecoin USDD.
  Related Reading | Tether CTO Says, USDT-Dollar Remains Strong Amid Stablecoin Crises
  As reported by NewsBTC a month ago, TRON’s founder Justin Sun announced the deployment of USDD for May 5, 2022. This digital asset operates similarly to LUNA CLASSIC network’
  
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• Paraguay paves the way for crypto regulation despite internal opposition

  30-05-2022 20:00 via cointelegraph.com
  
  A new bill for crypto regulation has been approved by Paraguayan Congress despite the central bank and budget commission’s rejection of the project.
  
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• Conferences, triangles and crosses: making sense of the BTC bear market with StormGain

  30-05-2022 19:09 via newsbtc.com
  
  The latest market information shows BTC/USD continuing to hover around $29,000 after failing to hold the crucial $30,000 support.BTC price movements, 15-25 May 2022. / Source: StormGain
  As the original cryptocurrency stalls, traders and analysts are chiming in with observations about what the next price movement could be. Some are looking for positive signs from the ongoing World Economic Forum (WEF) Annual Meeting at Davos, while others are pointing to historical chart patterns or highlighting
  
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• Negative Sentiment Deepens In Crypto, Why Recovery May Not Last

  30-05-2022 19:00 via newsbtc.com
  
  Negative sentiment in the crypto market has been ramping up in the last few months. This comes hot on the heels of a market crash that saw top coins such as Bitcoin and Ethereum drop to one-year lows. It has resulted in some of the lowest scale readings that the Fear & Greed Index has put out in recent times and it looks like this is only just beginning as negative sentiment has now touched yearly lows.
  Crypto Market In Extreme Fear
  Just like with any declining market, investor sentiment has
  
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• Brad Garlinghouse says NFTs 'underhyped,' sees new use cases | Cointelegraph interview

  30-05-2022 19:00 via cointelegraph.com
  
  The Ripple CEO reflected on crypto's presence at the World Economic Forum and the emerging use cases for digital assets.
  
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• City of Shenzhen airdrops 30M in free digital Yuan to stimulate consumer spending

  30-05-2022 17:30 via cointelegraph.com
  
  The move comes as part of a government effort-led to revitalize consumer spending as a zero-COVID policy has devastated the countries' economic hubs.
  
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• CeFi interest on the wane: Will BlockFi, Ledn and Nexo rates trend lower?

  30-05-2022 17:25 via cointelegraph.com
  
  Cointelegraph spoke to CeFi leaders to understand where interest rates are going and what the future holds for CeFi.
  
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• Binance gets approval to operate in Italy, will open office in Milan

  30-05-2022 17:00 via cointelegraph.com
  
  The cryptocurrency exchange's Italian branch will become its second European operation after obtaining a license in France.
  
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• Bitcoin 'ready' for $32.8K after consolidation as BTC price gains 6.3%

  30-05-2022 16:29 via cointelegraph.com
  
  Relief endures despite a U.S. trading holiday, but worries over waning momentum in stocks means the short-term outlook remains gloomy.
  
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• VC Roundup: The rise of blockchain gaming, DAO management and asset tokenization

  30-05-2022 16:00 via cointelegraph.com
  
  Irreverent Labs, Lighthouse Labs, N3TWORK Studios, DoraHacks, iZUMi Finance, Common and Centrifuge headline the latest funding deals from the world of blockchain.
  
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• Here's how much Kazakh gov't made off crypto mining in Q1 2022

  30-05-2022 15:52 via cointelegraph.com
  
  The Kazakh budget has not received the expected amount of fees from crypto mining as the government has shut down lots of miners to “ensure energy security,” the government said.
  
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• Crypto’s youngest investors hold firm against headwinds — and headlines

  30-05-2022 15:33 via cointelegraph.com
  
  The market drawdown and UST/LUNA fiasco may discourage some retail newcomers, but younger investors remain captivated by crypto’s technology.
  
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• Gov't says crypto miners consume 2% of total electricity in Russia

  30-05-2022 12:44 via cointelegraph.com
  
  Crypto mining falls under the “gray zone” in Russia, which means even though it's not banned, it doesn’t fall under the purview of law which could pose risks for those involved.
  
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• South Korean authorities reportedly probe staff behind Terra

  30-05-2022 12:38 via cointelegraph.com
  
  South Korean authorities are reportedly looking at the Terra crash to check for signs of intentional price manipulation and other issues.
  
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• Undervalued Metaverse Project Mars4 Is Preparing for New Releases

  30-05-2022 12:29 via newsbtc.com
  
  Investors in the crypto business are continuously looking for underappreciated projects with the best chance of enhancing early investors’ returns. It’s easy to benefit by discovering these hidden gem projects just before they boom with major launches.  Mars4 is one of these projects to keep an eye on since the team behind it is busy working on some interesting new releases that will be ready in the coming months. These upgrades will help to enhance the game’s economy and
  
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• The luna cryptocurrency has been resurrected after its $40 billion collapse. It's already crashing - CNBC

  30-05-2022 12:24 via cnbc.com
  
  The luna cryptocurrency has been resurrected after its $40 billion collapse. It's already crashing  CNBC
  
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• How is SAI.TECH, a recently listed Bitcoin mining operator, driving towards carbon neutrality?

  30-05-2022 12:04 via newsbtc.com
  
  The past year has experienced a boom in SPAC crypto mergers, with companies like Core Scientific Inc. Bakkt and Cipher Mining being a few notable examples. SAI.TECH (“SAI” or “the Company”) got on the wave of SPAC listings right before SPAC mergers got more difficult. Having gotten officially listed on Nasdaq on May 2nd, SAI is the first “chip heating” concept stock on the exchange, with its CEO & founder Arthur Lee also becoming the youngest Chinese CEO e
  
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• Rise of “Wellness Metaverse” – What to expect?

  30-05-2022 11:19 via newsbtc.com
  
  The metaverse continues to be a topic of debate in the crypto space. Much has been written about metaverses transforming games, fostering creator-focused economies, and restructuring education. However, one aspect of the discussion that has always been overlooked is metaverse’s impact on the health industry.
  While the pandemic has accelerated digital wellness, areas such as cost efficiency, accessibility, and patient care still have space for improvement. These flaws could be solved by inc
  
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• Bitcoin Lightning Network capacity crosses 3900 BTC marking a new ATH

  30-05-2022 10:49 via cointelegraph.com
  
  The Bitcoin LN was first implemented into the Bitcoin mainnet in 2018 and has ever since been able to maintain an upward trajectory in terms of expanding its capacity.
  
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• Youtuber NasDaily’s Bitcoin buy is $200K underwater: ‘Be greedy and HODL’

  30-05-2022 10:38 via cointelegraph.com
  
  Bear market advice from Youtuber NasDaily, whose “once in a generation” bet on Bitcoin is down roughly $200,000.
  
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• Youtuber NasDaily’s Bitcoin buy is $200K underwater: 'Be greedy and HODL'

  30-05-2022 10:38 via cointelegraph.com
  
  Bear market advice from Youtuber NasDaily, whose “once in a generation” bet on Bitcoin is down roughly $200,000.
  
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• 'Mega bullish signal' or 'real breakdown?' 5 things to know in Bitcoin this week

  30-05-2022 10:30 via cointelegraph.com
  
  A bullish reversal into the new week rapidly gains attention but sober analysts predict that this is just another relief bounce.
  
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• Cryptocurrency Spams Grow By Over 4000% In The Last Few Years - NewsBTC

  30-05-2022 10:06 via newsbtc.com
  
  Cryptocurrency Spams Grow By Over 4000% In The Last Few Years  NewsBTC
  
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• Cryptocurrency Spams Grow By Over 4000% In The Last Few Years

  30-05-2022 10:00 via newsbtc.com
  
  Crypto spam activities have increased by 3,894% within the past months. LunarCrush, a cryptocurrency intelligence platform, gave this report in a recent publication.
  The report showed considerable growth in the crypto industry with its expansion on social media. It revealed that scam bots and posts within social media networks increased to their All-Time-High (ATH). This report arrived amid the world’s leading billionaire, Elon Musk’s comment on the issue of Twitter being flooded wit
  
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• Terra 2.0: New Luna cryptocurrency is already crashing - CNBC

  30-05-2022 09:00 via cnbc.com
  
  Terra 2.0: New Luna cryptocurrency is already crashing  CNBC
  
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• Cryptocurrency Prices: Crypto Market is Back on Track - Analytics Insight

  30-05-2022 09:00 via analyticsinsight.net
  Cryptocurrency Prices: Crypto Market is Back on Track  Analytics Insight
  
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• Cryptocurrency is no longer worth a penny..!? - ఇండియా హెరాల్డ్ గ్రూప్ అఫ్ పబ్లిషర్స్ ప్రై లిమిటెడ్ - India Herald Group of Publishers P LIMITED

  30-05-2022 08:25 via indiaherald.com
  
  Cryptocurrency is no longer worth a penny..!?  ఇండియా హెరాల్డ్ గ్రూప్ అఫ్ పబ్లిషర్స్ ప్రై లిమిటెడ్ - India Herald Group of Publishers P LIMITED
  
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• Tim Draper: Women will drive the next Bitcoin bull market

  30-05-2022 07:50 via cointelegraph.com
  
  Famed crypto and tech investor Tim Draper believes the retail purchasing power of women, paired with Bitcoin acceptance at merchant stores, could send the asset to new highs above $250K.
  
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• Nifty News: 'Blue-chips' halve in value, free-to-mint Goblintown NFT volume surges

  30-05-2022 07:39 via cointelegraph.com
  
  Data on the most well recognized nonfungible token (NFT) projects show that key metrics have fallen with floor prices and market capitalization over the past month.
  
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• Top cryptocurrency prices today: Avalanche, Solana, Cardano, Shiba Inu zoom up to 13% - Economic Times

  30-05-2022 07:11 via economictimes.indiatimes.com
  
  Top cryptocurrency prices today: Avalanche, Solana, Cardano, Shiba Inu zoom up to 13%  Economic Times
  
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• TA: Ethereum Reaches Crucial Juncture, Can The Bulls Make it

  30-05-2022 07:08 via newsbtc.com
  
  Ethereum formed a base near $1,740 and started a recovery wave against the US Dollar. ETH is now facing a major resistance near the $1,900 zone.Ethereum started a recovery wave above the $1,800 and $1,820 levels.
  The price is now trading above $1,820 and the 100 hourly simple moving average.
  There was a break above a major bearish trend line with resistance near $1,820 on the hourly chart of ETH/USD (data feed via Kraken).
  The pair must clear the $1,900 and $1,920 resistance levels to continue h
  
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• Investors dumping on Terra as LUNA 2 tanks 70% in two days

  30-05-2022 07:06 via cointelegraph.com
  
  “Zero plans to buy luna 2.0, but I will dump any airdrop if I get something on Binance,” said Lark Davis.
  
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• Market cleansing bear cycles are healthy say industry experts

  30-05-2022 06:06 via cointelegraph.com
  
  Analysts say the crypto bear market should not be feared because it offers potentially greater opportunities for growth and profits than a bull market, so traders should be taking note.
  
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• Cardano (ADA) Continues To Sink, What’s Next For The Coin?

  30-05-2022 06:00 via newsbtc.com
  
  Cardano (ADA) recently fell below its support line of $0.50 as seen at press time. Just like Bitcoin, major altcoins too have either consolidated or fallen on their charts. On the longer time frame, Cardano (ADA) continued to display bearish thesis.
  For the shorter time frame, ADA was hinting at a possible price reversal on charts. Over the last 24 hours, ADA increased by 1.7% and in the last week, the coin brought home a double digit loss. The bulls have faded out as buying strength continued t
  
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• TA: Bitcoin Clears $30K, Why This Could Mean Trend Change

  30-05-2022 05:08 via newsbtc.com
  
  Bitcoin started a fresh increase and surpassed $30,000 against the US Dollar. BTC is showing positive signs and might rally further if it clears $30,600.Bitcoin is gaining pace above the $29,500 and $30,000 resistance levels.
  The price is now trading above the $29,500 level and the 100 hourly simple moving average.
  There was a break above a major bearish trend line with resistance near $29,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  The pair could rise further if it clea
  
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• Crypto Crash Update (5/30): Top cryptocurrency prices recover; SOL, Cardano, Polkadot, Avalanche rise upto 15% - The Financial Express

  30-05-2022 04:58 via financialexpress.com
  
  Crypto Crash Update (5/30): Top cryptocurrency prices recover; SOL, Cardano, Polkadot, Avalanche rise upto 15%  The Financial ExpressDark Times for Crypto: Top 10 Cryptocurrency Prices on May 27th, 2022  Analytics InsightMissed Out on Bitcoin? Buy This Cryptocurrency Now  The Motley FoolGlobal Cryptocurrency Market to Grow at a CAGR of 12.2% in the Forecast Period | BlueWeave Consulting  GlobeNewswireAmidst Recent Struggles Global Cryptocurrency Market Sti
  
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• Crypto Crash: Top cryptocurrencies recover as Solana, Cardano, Polkadot, Avalanche rise upto 15% - The Financial Express

  30-05-2022 04:58 via financialexpress.com
  
  Crypto Crash: Top cryptocurrencies recover as Solana, Cardano, Polkadot, Avalanche rise upto 15%  The Financial ExpressDark Times for Crypto: Top 10 Cryptocurrency Prices on May 27th, 2022  Analytics InsightMissed Out on Bitcoin? Buy This Cryptocurrency Now  The Motley FoolGlobal Cryptocurrency Market to Grow at a CAGR of 12.2% in the Forecast Period | BlueWeave Consulting  GlobeNewswireAmidst Recent Struggles Global Cryptocurrency Market Still Expected to
  
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• Bitcoin (BTC) At $29,000, How Long Will The Consolidation Continue?

  30-05-2022 03:00 via newsbtc.com
  
  Bitcoin remained consolidated over the last 24 hours, altcoins however, have dipped on their charts. Over the last week, the king-coin continued to register lateral price movements on the charts. Ever since November, 2021, price of Bitcoin has consistently moved on the downside.
  On the longer time frame, Bitcoin has continued to show signs of upcoming bearishness. On a comparatively, shorter time frame the king-coin might be hinting at a price reversal.
  Over the last 24 hours BTC made no gains.
  
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