Cryptocurrency news

• 5 reasons why Bitcoin could be a better long-term investment than gold

  03-06-2022 23:45 via cointelegraph.com
  
  Crypto advocates often refer to Bitcoin as “digital gold,” but how does BTC stack up against gold as a long-term investment?
  
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• Brazilian central banker describes how CBDC system can halt bank runs

  03-06-2022 23:00 via cointelegraph.com
  
  In constructing its Real Digital, Brazil's central bank is developing mechanisms that can freeze citizens' conversion to CBDCs in the event of a bank run.
  
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• Bitcoin’s move to $32.4K was a fakeout — Here’s the price level most BTC traders are waiting for

  03-06-2022 22:56 via cointelegraph.com
  
  Some traders lost hope this week after BTC price rejected at $32,400, but many say this level is where they will become buyers.
  
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• Fed governor explains who needs crypto regulation and why demand for it is growing

  03-06-2022 22:30 via cointelegraph.com
  
  Experienced investors know how to survive, Christopher Waller reasons, but there can be wide repercussions when small investors are hit with losses.
  
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• Dubai charity to accept donations in cryptocurrency - Al-Monitor

  03-06-2022 22:06 via al-monitor.com
  
  Dubai charity to accept donations in cryptocurrency  Al-Monitor
  
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• Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more

  03-06-2022 22:00 via cointelegraph.com
  
  Top DeFi tokens broke out of the month-long bearish pressure to trade in the green and the total value locked in DeFi protocols saw a minor recovery amid continuous price volatility.
  
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• Total crypto market cap risks a dip below $1 trillion if these 3 metrics don’t improve

  03-06-2022 21:10 via cointelegraph.com
  
  Declining demand for Tether, negative futures premiums for altcoins and the lack of inflow to the crypto sector are all signs that a rocky road is ahead.
  
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• Bitcoin NUL Suggests More Downside To Come Before The Bottom

  03-06-2022 21:00 via newsbtc.com
  
  On-chain data shows the Bitcoin NUL indicator is still below a value of 0.5, a sign that more downtrend could be in store for the crypto before the bottom is in.
  Bitcoin Net Unrealized Loss Surges Up, But Still Remains Below 0.5
  As pointed out by an analyst in a CryptoQuant post, the cryptocurrency’s price may still be nowhere near a bottom.
  The relevant indicator here is the “net unrealized loss” (or NUL in brief), which tells us about the total number of coins that are curren
  
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• Alchemy announces support for Solana Web3 applications the day after blockchain halted

  03-06-2022 20:45 via cointelegraph.com
  
  The Web3 development platform and infrastructure provider will support Solana-built applications, despite the blockchain halting multiple times in 2022.
  
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• Man pleads guilty to running unlicensed cryptocurrency business in Houston area, collected more than $500K in Bitcoin within 3 months - KPRC Click2Houston

  03-06-2022 20:03 via click2houston.com
  
  Man pleads guilty to running unlicensed cryptocurrency business in Houston area, collected more than $500K in Bitcoin within 3 months  KPRC Click2Houston
  
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• Stocks surge, altcoins give back their gains and dollar strength may push Bitcoin lower

  03-06-2022 20:02 via cointelegraph.com
  
  This week major cryptocurrencies reversed course after rallying, stocks struggled to maintain gains and a strengthening dollar could continue to weigh on BTC price.
  
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• WEF 2022: Miami mayor says that Bitcoin can be a global currency

  03-06-2022 20:00 via cointelegraph.com
  
  Francis Suarez, the Mayor of Miami, said that he played an “evangelist role” at Davos where he’s teaching people about Bitcoin.
  
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• Can Bitcoin Bounce Back To $35K? Here’s What Stands In The Way

  03-06-2022 20:00 via newsbtc.com
  
  No action in the crypto market as Bitcoin still trades around the $29,000 to $30,000 area. The first crypto by market cap has been rangebound since the Terra ecosystem collapsed taking a hit on an already soft market.
  Related Reading | Mr. Wonderful-Backed Green Bitcoin Mining Venture To Build $500M HQ In N. Dakota
  The “Black Swan” event has preceded one of the worst periods for the space as Bitcoin and Ethereum recorded record consecutive losses. At the time of writing, BTC&rsq
  
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• Central African Republic to tokenize the nation’s natural resources

  03-06-2022 19:30 via cointelegraph.com
  
  The impoverished country has launched an ambitious crypto project that includes using Bitcoin as legal tender, attracting investment and creating its own metaverse.
  
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• Losses to cryptocurrency scams top $1B, FTC reports - CyberScoop

  03-06-2022 19:08 via cyberscoop.com
  
  Losses to cryptocurrency scams top $1B, FTC reports  CyberScoop
  
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• Bearish Year Leaves Dogecoin Trading Below $0.10, Who Remains In Profit?

  03-06-2022 19:00 via newsbtc.com
  
  Dogecoin has found itself unable to rally the way it did in the first half of 2021, thus resulting in it losing most of the value generated during that time. Nevertheless, it remains mostly profitable for the majority of its investors. The meme coin which has since lost its footing above 10 cents still remains the largest meme coin and a top 10 cryptocurrency by market cap, and this translates to the profitability of the digital asset.
  Majority Holders In Profit
  Even with the digital asset havin
  
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• After Various Token Sale Rounds, ‘MetaFi’ Platform Choise.com Will List CHO Token on Popular Exchanges

  03-06-2022 19:00 via newsbtc.com
  
  According to information on the Choise.com website, after successfully completing token sale rounds, the company will proceed to the TGE (token generation event) stage. Listing of the CHO token is planned on the leading DEX exchanges: UniSwap and Raydium. The company confirmed this information, specifying that the listing will happen on June 7.
  From January 2022 onward, several rounds of sales of CHO token allocations on Crypterium, SolRazr, OccamRazer and Bitbns launchpads were successfully com
  
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• 5 metrics to monitor before investing in crypto during a bear market

  03-06-2022 18:30 via cointelegraph.com
  
  Everyone is a genius during a bull market, but how does one invest during lengthy downtrends? Here are five things to consider before buying into a crypto project.
  
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• [Webcast Transcript] Considerations and Challenges for Blockchain, Cryptocurrency and NFT Investigations - JD Supra

  03-06-2022 18:16 via jdsupra.com
  
  [Webcast Transcript] Considerations and Challenges for Blockchain, Cryptocurrency and NFT Investigations  JD Supra
  
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• The crypto market dropped in May, but June has a silver lining

  03-06-2022 18:14 via cointelegraph.com
  
  The top 10 largest whale addresses of stablecoins Dai and USDC show an increased trust level in the two assets amid the UST debacle.
  
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• Cryptocurrency as Compensation: A Tax Primer | Blank Rome LLP - JDSupra - JD Supra

  03-06-2022 18:12 via jdsupra.com
  
  Cryptocurrency as Compensation: A Tax Primer | Blank Rome LLP - JDSupra  JD Supra
  
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• Crypto Biz: Helicopter CBDC money rains on Shenzhen, May 26—June 1

  03-06-2022 18:00 via cointelegraph.com
  
  China's advanced CBDC strategy sees digital yuan airdropped to thousands of people. Meanwhile, Binance Labs raised $500 million for a new Web3 fund.
  
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• Chainlink launches price feeds on Solana to provide data to DeFi developers

  03-06-2022 17:00 via cointelegraph.com
  
  Solana co-founder Anatoly Yakovenko noted that the integration will be beneficial to DeFi developers building on the platform.
  
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• Over 200K BTC now stored in Bitcoin ETFs and other institutional products

  03-06-2022 16:51 via cointelegraph.com
  
  Bitcoin ETPs now have more BTC under control on behalf of clients than ever before.
  
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• Report Reveals Terra Holders Liquidated Their Holding When Crash Started

  03-06-2022 16:00 via newsbtc.com
  
  The Terra LUNA crash last month sent many investors back in their returns. The crypto market generally crashed the previous month, but the 80% deep dive in Terra wasn’t funny. The panic by the investors to pull out of the crypto crash intensified the fall of many coins. Generally, the crypto market suffered a loss estimated at $400 billion in a few days.
  Surprisingly, a new report has emerged showing that while the Whales were dumping their holdings, the retailers were busy buying up Terra
  
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• Terra 2.0: A crypto project built on the ruins of $40 billion in investors' money

  03-06-2022 15:55 via cointelegraph.com
  
  Terra 2.0 launced with the promise of helping to retrieve lost funds, but early indicators suggest launching a new token to compensate for the failure of another is a bad idea.
  
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• New York lawmakers pass first-in-nation cryptocurrency moratorium - POLITICO

  03-06-2022 15:09 via politico.com
  
  New York lawmakers pass first-in-nation cryptocurrency moratorium  POLITICO
  
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• Video New FTC report reveals rise in cryptocurrency scams - ABC News

  03-06-2022 14:25 via abcnews.go.com
  
  Video New FTC report reveals rise in cryptocurrency scams  ABC News
  
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• 10 Best New Cryptocurrency to Invest in June 2022 - Analytics Insight

  03-06-2022 14:21 via analyticsinsight.net
  10 Best New Cryptocurrency to Invest in June 2022  Analytics Insight
  
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• New York AG warns against crypto investments amid state push to ban mining

  03-06-2022 13:54 via cointelegraph.com
  
  New York Attorney General Letitia James has issued an investor alert against "risky cryptocurrency investments," citing the assets' volatility.
  
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• The backlash to cryptocurrency investment is growing - The Washington Post

  03-06-2022 13:50 via washingtonpost.com
  The backlash to cryptocurrency investment is growing  The Washington Post
  
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• Here’s why the Vite crypto price is soaring and what next

  03-06-2022 13:41 via coinjournal.net
  
  The Vite crypto price is in a slow recovery process as investors buy the dip. The coin is trading at $0.029, which is about 71% above the lowest level in May this year. It remains about 98% below the highest level on record. This brings its total market cap to about $27.8 million, making it a relatively small coin.
  What is VITE and why is it rising?
  Vite is a low-cost blockchain project that offers zero fees for web3 users. It uses a technology known as directed acrylic graph (DAG), which is a f
  
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• Why is ICP up by more than 9% today?

  03-06-2022 13:09 via coinjournal.net
  
  The cryptocurrency market is recovering from the slump it suffered earlier this week. The cryptocurrency market is trading in the green zone after losing some of its value earlier this week. The market has added more than 1% to its value in the last 24 hours, but the total market cap remains below $1.3 trillion.
  Bitcoin is still struggling below the $30k mark despite adding less than 1% to its value so far today. Ether is in the red zone, dipping by more than 3% in the last 24 hours. At pre
  
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• Bitcoin dips below $30k despite the market recovery

  03-06-2022 12:55 via coinjournal.net
  
  The cryptocurrency market is recovering from the slump it suffered over the past two days.The cryptocurrency market is trading in the green zone after underperforming over the last two days. The market has added more than 1% to its value in the last 24 hours, but the total market cap remains below $1.3 trillion.
  Solana’s poor performance has affected the broader market as the network experienced yet another downtime two days ago.
  Bitcoin, the world’s largest cryptocurrency by market
  
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• Japan passes bill to limit stablecoin issuance to banks and trust companies

  03-06-2022 12:07 via cointelegraph.com
  
  The Japanese government is rushing to enforce new stablecoin laws in the aftermath of the Terra collapse.
  
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• Arthur Hayes Says Bitcoin And Ethereum May Not Be Ready To Recover Drastically

  03-06-2022 12:00 via newsbtc.com
  
  The recent crash in the crypto markets took everyone by surprise, especially Bitcoin. Many coins lost value drastically and very fast at that. Even the number one crypto Bitcoin took a big hit when investors kept selling out in panic. While many are hoping for a recovery, the storm is still rising. Also, many speculations abound in the market as investors are thrown in disarray.
  Related Reading | Bitcoin Exchange Outflows Suggest That Investors Are Starting To Accumulate
  With all the chaos,
  
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• Thousands of cryptocurrencies will collapse, says Brad Garlinghouse

  03-06-2022 11:49 via coinjournal.net
  
  The cryptocurrency market has more than 19,000 coins and tokens at the moment.
  Brad Garlingouse, the CEO of blockchain company Ripple, believes that thousands of cryptocurrencies will collapse.
  According to data obtained from Coinmarketcap, there are 19,719 cryptocurrencies at the moment. However, Garlinghouse doesn’t believe all of them would stand the test of them.
  He mentioned this during an interview with CNBC at the recently concluded World Economic Forum in Davos. Garlinghouse s
  
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• Mr. Wonderful-Backed Green Bitcoin Mining Venture To Build $500M HQ In N. Dakota

  03-06-2022 11:24 via newsbtc.com
  
  Who’s putting his money where his mouth is? Mr. Wonderful AKA Kevin O’Leary is. As one of the main proponents of the industry’s need for green bitcoin mining, Mr. Wonderful invested in Bitzero. And now they’re announcing that the company will build its North American headquarters in North Dakota. Why is this news? Because of the things they’ll do with the heat that the data center will produce.
  Heat is an unintended byproduct of bitcoin mining, and Bitzero Blockchai
  
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• Binance Aims To Spread Awareness By Embarking On Cryptocurrency And Blockchain Tour | Bitcoinist.com - Bitcoinist

  03-06-2022 11:05 via bitcoinist.com
  
  Binance Aims To Spread Awareness By Embarking On Cryptocurrency And Blockchain Tour | Bitcoinist.com  Bitcoinist
  
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• Highlights June 3: Cryptos mixed, ICP rises after Binance delists futures pair

  03-06-2022 10:42 via coinjournal.net
  
  Cryptocurrencies went in different directions over the past 24 hours, however, most top 10 cryptos were in the green, or showed price movements of less than 1%. 
  Top cryptos
  Bitcoin was up more than 2% this morning, holding above the $30,000 at time of writing. Leading the top 10 were Cardano and Solana, each rising more than 5% since yesterday. Most cryptos outside the top 10 gained 1-3%.  
  Top movers
  Most coins were flat, gaining or losing up to 5% of their value today. The biggest w
  
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• How To Earn Passive Income in the Metaverse

  03-06-2022 10:30 via newsbtc.com
  
  Humanity has always been obsessed with stepping out of the borders of this world into new realms. The Metaverse trend shows no signs of slowing down as Companies such as Facebook create their own, and billions of dollars are invested into the industry. So, why are people interested in it? The Metaverse employs what is known as play-to-earn, where users can accumulate wealth or assets for completing tasks within a Metaverse. This varies with projects as some create a social hub where other more a
  
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• Bitcoin bounces to $30.7K as analyst presents Stock-to-Flow BTC price model rehash

  03-06-2022 10:23 via cointelegraph.com
  
  United States stock markets provide the backdrop for reversal in Bitcoin as $30,000 manages to hold.
  
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• UNITBOX: Introducing Collateral-free NFT Renting and First Rent-to-Earn Tool

  03-06-2022 10:21 via newsbtc.com
  
  With the total value locked in GameFi crossing $28 billion, game development giants the likes of Electronic Arts and Ubisoft are exploring the Play-To-Earn (P2E) space. Originally perceived solely as entertainment, today gaming has transformed into a means of making a substantial profit.
  It’s now evident that the NFT rental systems will become one of the core instruments of the GameFi and DeFi industry. Yet, the nascent industry still lacks an aggregator that would connect members of the G
  
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• How Will Blockchain Revolutionize Communication

  03-06-2022 10:18 via newsbtc.com
  
  Blockchain is the technology that started it all – it’s what makes millions of transactions sent through peer-to-peer cryptocurrency networks every year. And now, it’s making its way into one of the most important parts of everyday life – communication. But what makes blockchain so powerful, and what exactly does it have to do with the way in which we talk to others?
  What Makes Blockchain Powerful
  Cryptocurrency networks decide on the true state of their blockchains using
  
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• New York State Senate passes Bitcoin mining moratorium

  03-06-2022 10:15 via cointelegraph.com
  
  The bill once, approved by Governor Kathy Hochul, would make New York the first state in the U.S to put a moratorium on crypto mining.
  
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• Vitalik shows support for Optimism’s governance structure and OP gas proposal

  03-06-2022 10:04 via cointelegraph.com
  
  The Ethereum co-founder has often advocated for projects to move away from coin voting in DeFi and DeGov, as it will enable smaller holders a chance to truly participate in governance.
  
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• New Analysis Finds Consumers Reported Losing More than $1 Billion in Cryptocurrency to Scams since 2021 - Federal Trade Commission News

  03-06-2022 09:00 via ftc.gov
  
  New Analysis Finds Consumers Reported Losing More than $1 Billion in Cryptocurrency to Scams since 2021  Federal Trade Commission News
  
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• After the crypto crash, here's what industry experts are waiting for next - CNBC

  03-06-2022 08:28 via cnbc.com
  
  After the crypto crash, here's what industry experts are waiting for next  CNBCCryptocurrency: Which crypto is most likely to survive the price crash?  Marca EnglishCryptocurrency crash reminds us investing is long-term process, not quick cash scheme  Hometown LifeWhy the cryptocurrency price collapse offers hope for slowing climate change  Fast CompanyView Full Coverage on Google News
  
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• Cryptocurrency Meme Tokens Worth investing In 2022 – Floki Inu (FLOKI), GM WAGMI (GM), And Mehracki (MKI) - Cryptonews

  03-06-2022 08:06 via cryptonews.com
  
  Cryptocurrency Meme Tokens Worth investing In 2022 – Floki Inu (FLOKI), GM WAGMI (GM), And Mehracki (MKI)  Cryptonews
  
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• Top Cryptocurrency News Today: Bitcoin in green, Ethereum popular for NFTs and more - Moneycontrol

  03-06-2022 07:52 via moneycontrol.com
  
  Top Cryptocurrency News Today: Bitcoin in green, Ethereum popular for NFTs and more  Moneycontrol
  
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