Cryptocurrency news

• In wake of Terra collapse, South Korea plans new crypto oversight committee: Report

  31-05-2022 23:37 via cointelegraph.com
  
  The infamous collapse of Terra may have hastened the creation of a supervision and control entity for virtual assets, which is set to launch in early June.
  
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• In the wake of Terra’s collapse, South Korea plans new crypto oversight committee: Report

  31-05-2022 23:37 via cointelegraph.com
  
  The infamous collapse of Terra may have hastened the creation of a supervision and control entity for digital assets, which is set to launch in early June.
  
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• Chain (XCN) ignores the wider-market downtrend by rallying 100%+ over the past month

  31-05-2022 23:09 via cointelegraph.com
  
  BTC, ETH and altcoins spent most of May trading in the red. So what’s behind XCN’s near-month-long 100%+ rally?
  
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• Fed paper looks at the potential effects of CBDC on monetary policy

  31-05-2022 23:05 via cointelegraph.com
  
  The working paper traces the effects of operations with CBDCs through several scenarios and concludes the Fed will have it under control.
  
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• Fed paper looks at potential effects of CBDC on monetary policy

  31-05-2022 23:05 via cointelegraph.com
  
  The working paper traces the effects of operations with CBDC through several scenarios and concludes the Fed will have it under control.
  
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• CoinShares lost $21M due to Terra LUNA’s implosion, CEO says

  31-05-2022 22:54 via coinjournal.net
  
  DeFi exposure related to Terra’s stablecoin UST saw CoinShares, Europe’s largest digital asset firm with billions of assets under management, lose more than $21 million, the firm’s CEO Jean-Marie Mognetti revealed on Tuesday.
  The CoinShares chief’s comment on the loss was part of his investor relations message to the company’s clients published in the 2021 Financial Annual Report.
  While the loss will be reflected in the company’s Q2 earnings report, Mogne
  
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• Cardano v STEPN – Which one is a better buy?

  31-05-2022 22:32 via coinjournal.net
  
  When you factor in the hype, odds favor STEPN winning in short to medium term.
  Key Points:
  Cardano has had a lot going on since it launched smart contracts in 2021. It now has a diverse array of projects ranging from a Metaverse project to a stable coin.
  STEPN is revolutionizing the lifestyle space with its cutting-edge Web 3.0 app and rewarding investors handsomely.
  While both are likely to do well long-term, STEPN is likely to benefit from the hype factor. This could see it outperforming ADA i
  
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• Daily Pump & Dump | May 31, 2022 Crypto Market Report

  31-05-2022 22:26 via newsbtc.com
  
  The daily pump & dump is a weekday update on the crypto market providing you with an abbreviated breakdown of price action related to Bitcoin, Ethereum, and other trending altcoins. 
  Today’s summary:Bitcoin reclaims $30,000 over memorial day weekend
  How Ethereum could lose its head against BTC
  What’s going on with Cardano?
  Bitcoin Makes Memorial Day Weekend Memorable
  Over the US Memorial Day holiday, bulls took advantage of thin order books and low volume, pushing the p
  
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• Polygon v Chainlink – Which one is a better buy?

  31-05-2022 22:25 via coinjournal.net
  
  The Ethereum merge gives Polygon an edge in the short term. 
  Key Points:
  With the Ethereum merge close, MATIC has the potential to grow exponentially once the bull market returns.
  Chainlink’s dominance in the decentralized oracles space gives it strong long-term growth prospects.
  While both LINK and MATIC are likely to do well long term, MATIC is likely to outperform LINK short term.
  Polygon (MATIC)
  Polygon is an Ethereum scaling solution. It is the most robust of all the other Ethere
  
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• Monero v DASH – Which one is a better buy?

  31-05-2022 22:20 via coinjournal.net
  
  Monero has news that could see it do better in the short term. 
  Key Points:
  Monero, one of the best privacy coins in the market, is set to start tail emissions. This will guarantee miner support in perpetuity.
  DASH continues to grow in adoption as a means of everyday trade.
  While Dash and Monero could do well long term, Monero has better prospects in short to medium term. 
  Monero (XMR)
  Monero is one of the best privacy coins in the market today. One thing that makes Monero stand out is
  
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• Onchain metrics show that DogeCoin has a possible 50% upswing

  31-05-2022 22:13 via coinjournal.net
  
  DogeCoin has started to find some momentum after days of trading sideways. Although the coin is slightly underperforming the rest of the crypto market, it may be poised for a decisive run in the near term. This bullish thesis is based on both technical analysis and on-chain data. Here are the highlights:
  DOGE has shown a minor retracement towards $0.082 over the past few days
  This is a crucial demand zone that could trigger a bullish break towards $0.125.
  On-chain transaction data also shows tha
  
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• Binance to launch Africa crypto awareness tour as adoption ramps up

  31-05-2022 22:00 via cointelegraph.com
  
  BCAT Africa 2022 aims to increase crypto awareness on the continent at a time when more Africans are turning to digital assets.
  
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• Waves fast recovery could push the token towards $12

  31-05-2022 21:46 via coinjournal.net
  
  As the crypto market starts to rally, several major coins have reported modest gains. However, Waves appears to be outperforming the entire market by huge margins. The coin is seeing rapid recovery and a trend reversal that could deliver immense gains in the near term. Here are the highlights:
  WAVES has surged by around 60% in the last 24 hours
  The coin has managed to reclaim two important support zones in this bull run
  The momentum will likely push WAVES towards $12 in the coming weeks.
  Data So
  
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• UN agency head sees 'massive opportunities' in crypto: WEF 2022

  31-05-2022 21:30 via cointelegraph.com
  
  “Crypto is just another technology, it’s a matter of how is it being used. It can be used for good or for bad. From where we sit, we see massive opportunities," says the director of the UNICC.
  
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• Bitcoin LTHs Realized Significant Losses Recently, Final Capitulation Here?

  31-05-2022 21:00 via newsbtc.com
  
  Data shows Bitcoin long-term holders have realized a significant amount of losses recently, a sign that the final capitulation before the bottom may be here.
  Bitcoin Long-Term Holder SOPR Shows Average of 27% Losses Being Realized This Week
  According to the latest weekly report from Glassnode, BTC long-term holders seem to have harvested some losses this week.
  The “spent output profit ratio” (or the SOPR in short) is an indicator that tells us whether Bitcoin investors are selling at
  
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• Basel Committee presses on with restrictive requirements for banks’ crypto holdings

  31-05-2022 21:00 via cointelegraph.com
  
  The committee of central banks and regulators has proposed a “conservative prudential treatment” of cryptoassets that banking groups say is prohibitive.
  
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• Soros Fund CEO says crypto is mainstream and ‘here to stay’

  31-05-2022 20:55 via coinjournal.net
  
  Soros Fund Management CEO and CIO Dawn Fitzpatrick says crypto is going nowhere given its already mainstream. 
  The Soros’ executive made the comments during an interview with Bloomberg, noting that the entry of major mainstream players like Fidelity Investments was a key development.
  In her response on what she thought of crypto in terms of “taking off” or being hindered by government regulation, Fitzpatrick said “it’s here to stay.”
  “I think i
  
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• DeFi isn’t dead, it just needs to fix these 3 critical problems

  31-05-2022 20:50 via cointelegraph.com
  
  It’s been a rough year for DeFi, and it may not get any better until projects focus more on security, regulation and usability.
  
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• Cryptocurrency Bitcoin Cash's Price Increased More Than 3% Within 24 hours - Benzinga - Benzinga

  31-05-2022 20:30 via benzinga.com
  
  Cryptocurrency Bitcoin Cash's Price Increased More Than 3% Within 24 hours - Benzinga  Benzinga
  
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• Cryptocurrency Wrapped Bitcoin Rises More Than 4% In 24 hours - Benzinga - Benzinga

  31-05-2022 20:27 via benzinga.com
  
  Cryptocurrency Wrapped Bitcoin Rises More Than 4% In 24 hours - Benzinga  Benzinga
  
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• How This Achievement Brought Ethereum Closer To The Merge

  31-05-2022 20:00 via newsbtc.com
  
  Ethereum is making progress towards its transition from a Proof-of-Work (PoW) consensus to a Proof-of-Stake consensus algorithm. In an event dubbed as “The Merge”, the current network and its decentralized application will begin operating on the latter.
  Related Reading | Analyst Hints Huge Chances For Ethereum Killers To Surge, Sides With Solana And AVAX
  Core ETH Developer Tim Beiko recently announced the successful roll-out of a Beacon Chain, or a mainnet PoS network, for its l
  
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• Bitcoin price rallies to $32.3K, but three factors could limit its recovery

  31-05-2022 19:50 via cointelegraph.com
  
  BTC bulls pressed the price to $33,300, but significant tailwinds in traditional markets could continue to weigh on Bitcoin price.
  
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• Binance Staking completes initial phase of Terra 2.0 airdrop as ecosystem issues persist

  31-05-2022 19:30 via cointelegraph.com
  
  About 70% of tokens are held in escrow and will be vested starting later this year.
  
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• Canadian Cryptocurrency Companies Join Global Initiative to Combat Money Laundering - JD Supra

  31-05-2022 19:11 via jdsupra.com
  
  Canadian Cryptocurrency Companies Join Global Initiative to Combat Money Laundering  JD Supra
  
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• Bitcoin Exchange Outflows Suggest That Investors Are Starting To Accumulate

  31-05-2022 19:00 via newsbtc.com
  
  Bitcoin exchange outflows have been turning for the better recently. What had predicated this was a long week of inflows surpassing outflows, solidifying the fact that it was a seller’s market. However, the tide has begun to turn as the Monday numbers are in. Bitcoin exchange outflows have now surpassed inflows by a large margin. 
  Investors Are Accumulating
  Glassnode has published exchange inflow and outflow data which points toward an accumulation trend among investors. For the start
  
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• Russian central bank signals agreement with crypto law revisions: Report

  31-05-2022 18:30 via cointelegraph.com
  
  A top Russian central bank official said at a press conference that the monetary authority will permit foreign trade with crypto.
  
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• Cryptocurrency Firms Expand Physical Footprint in New York - The New York Times

  31-05-2022 18:30 via nytimes.com
  
  Cryptocurrency Firms Expand Physical Footprint in New York  The New York Times
  
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• Chainlink (LINK) struggles to rally despite important ecosystem updates

  31-05-2022 18:22 via coinjournal.net
  
  Chainlink (LINK) has often marketed itself as the platform that will ultimately democratize the blockchain. The coin has had better days no doubt. But in 2022, the price has remained suppressed for the most part. This comes even as LINK continues to report impressive ecosystem updates. Here are some notable developments:
  Chainlink adoption continues to surge in 2022, with more integrations expected this year.
  Cross-chain activity has also increased for LINK in recent weeks.
  Despite this, LINK&rs
  
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• Chainlink (LINK) climbs back above $15 – Does it have enough momentum to go further?

  31-05-2022 18:10 via coinjournal.net
  
  For a very long time now, $15 has been a crucial phycological mark for Chainlink (LINK). The coin has tried to maintain gains above that several times this year but has fallen again as volatility in the market continues to hit. So, what will happen this time? Here are some pointers:
  It’s the first time LINK has gone above $15 in several weeks.
  $15 had also proved to be a huge overhead resistance level for LINK’s upswings.
  Bullish momentum is looking likely but could slow down eventua
  
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• How does The Fed impact crypto? | Find out on The Market Report

  31-05-2022 18:00 via cointelegraph.com
  
  How do the decisions of the United States Federal Reserve affect Bitcoin and the broader crypto markets?
  
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• The State of Web3 - Cryptocurrency Exchange Growth and Trading Volume in 2022 - hackernoon.com

  31-05-2022 17:48 via hackernoon.com
  
  The State of Web3 - Cryptocurrency Exchange Growth and Trading Volume in 2022  hackernoon.com
  
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• Bitdeer Recognized as a 2022 Leader in Cryptocurrency Mining Software by SourceForge - Yahoo Finance

  31-05-2022 17:43 via finance.yahoo.com
  
  Bitdeer Recognized as a 2022 Leader in Cryptocurrency Mining Software by SourceForge  Yahoo Finance
  
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• UK government proposes additional safeguards against stablecoin failure risks

  31-05-2022 17:21 via cointelegraph.com
  
  The Treasury wants to empower the Financial Market Infrastructure Special Administration Regime to oversee the safe return of customer funds in the event of a stablecoin collapse.
  
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• Blue J Folio Sample: Tax Consequences Of Cryptocurrency Transactions - Fin Tech - United States - Mondaq

  31-05-2022 16:39 via mondaq.com
  
  Blue J Folio Sample: Tax Consequences Of Cryptocurrency Transactions - Fin Tech - United States  Mondaq
  
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• Bitcoin drops 1.5% on US market open amid warning miners may 'capitulate' in months

  31-05-2022 16:15 via cointelegraph.com
  
  Miners are still accumulating BTC so far, but depressed prices continuing may upend the status quo this summer, new analysis says.
  
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• Cryptocurrency NEAR Protocol's Price Increased More Than 8% Within 24 hours - Benzinga - Benzinga

  31-05-2022 16:03 via benzinga.com
  
  Cryptocurrency NEAR Protocol's Price Increased More Than 8% Within 24 hours - Benzinga  Benzinga
  
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• Chinese Media Outlet Hints At Stricter Regulations For Cryptocurrency Assets Post Luna Crisis | Bitcoinist.com - Bitcoinist

  31-05-2022 16:01 via bitcoinist.com
  
  Chinese Media Outlet Hints At Stricter Regulations For Cryptocurrency Assets Post Luna Crisis | Bitcoinist.com  Bitcoinist
  
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• The Danger Posed by Cryptocurrency Regulation - Articles - Advisor Perspectives

  31-05-2022 15:49 via advisorperspectives.com
  The Danger Posed by Cryptocurrency Regulation - Articles  Advisor Perspectives
  
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• Cardano Overtakes Ripple To Become The Sixth Biggest Cryptocurrency By Market Cap - Ethereum World News

  31-05-2022 15:22 via en.ethereumworldnews.com
  
  Cardano Overtakes Ripple To Become The Sixth Biggest Cryptocurrency By Market Cap  Ethereum World News
  
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• Wealthy Coinbase clients are still 'hodling' Bitcoin since December 2020, data suggests

  31-05-2022 15:08 via cointelegraph.com
  
  Institutions that reportedly purchased 10,939 BTC from Coinbase in December 2020 are not selling yet.
  
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• Amid P2E downturn, Sky Mavis turns to user-generated content for Axie Infinity

  31-05-2022 15:00 via cointelegraph.com
  
  Out of 2,000 applications submitted for the Axie Infinity Builders Program, only 12 projects were selected.
  
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• BNB Chain releases year-long technical roadmap to develop ecosystem

  31-05-2022 14:26 via cointelegraph.com
  
  The major areas of focus surround increasing validator decentralization, developing capabilities for governance via the BNB token, and deploying a number of Binance Chain Evolution Proposals.
  
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• How to get a job in the Metaverse and Web3?

  31-05-2022 14:11 via cointelegraph.com
  
  To land a job in the Metaverse and Web3, possess the right skills, interact and network with people, build your brand, create content, and increase your exposure in the crypto market.
  
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• Cryptocurrency Trader and Author Tedi Ticic helps many learn about cryptocurrencies - LA Progressive

  31-05-2022 13:53 via laprogressive.com
  
  Cryptocurrency Trader and Author Tedi Ticic helps many learn about cryptocurrencies  LA Progressive
  
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• Singapore to explore digital asset tokenization on public chains

  31-05-2022 13:37 via cointelegraph.com
  
  The project will see MAS explore DeFi applications in wholesale funding markets by establishing a liquidity pool of tokenized bonds and deposits.
  
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• India cooperates with IMF on crypto consultation paper

  31-05-2022 13:18 via cointelegraph.com
  
  The document, which could define a national framework for digital assets, is almost ready.
  
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• Philippines to explore blockchain use cases, launches training program

  31-05-2022 13:11 via cointelegraph.com
  
  Enrico Paringit, an official at the Department of Science and Technology, said that the goal of the training is to build non-crypto apps.
  
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• That lovely-looking Ni No Kuni MMO is full of cryptocurrency woes - Eurogamer.net

  31-05-2022 13:02 via eurogamer.net
  
  That lovely-looking Ni No Kuni MMO is full of cryptocurrency woes  Eurogamer.net
  
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• Four cryptocurrency cybersecurity risks and how to avoid them — Retail Technology Innovation Hub - Retail Technology Innovation Hub

  31-05-2022 12:39 via retailtechinnovationhub.com
  Four cryptocurrency cybersecurity risks and how to avoid them — Retail Technology Innovation Hub  Retail Technology Innovation Hub
  
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• Opinion: Cryptocurrency - The World Won't Listen - Funds Europe Magazine

  31-05-2022 12:32 via funds-europe.com
  Opinion: Cryptocurrency - The World Won't Listen  Funds Europe Magazine
  
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