Cryptocurrency news

• Traders think Bitcoin bottomed, but on-chain metrics point to one more capitulation event

  06-06-2022 22:30 via cointelegraph.com
  
  BTC price gravitates around the low $30,000 zone, luring traders to believe the bottom is in, but data from glassnode warns of another final sell-off.
  
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• Australian Mayor Proposes Paying Taxes in Cryptocurrency - CryptoPotato

  06-06-2022 21:57 via cryptopotato.com
  
  Australian Mayor Proposes Paying Taxes in Cryptocurrency  CryptoPotato
  
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• Bitfinex Bitcoin longs hit a record-high, but does that mean BTC has bottomed?

  06-06-2022 21:30 via cointelegraph.com
  
  A key derivatives metric used by margin traders has hit a record-high, but there’s plenty of risk and a catch to consider.
  
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• IRA Financial Trust to sue Gemini over $36M crypto assets exploit back in February

  06-06-2022 21:00 via cointelegraph.com
  
  It's unclear at the time of publication whether there will be any recourse for investors in recovering the lost funds.
  
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• Bitcoin Bullish Signal: 1k-10k BTC Holders Have Been Buying Recently

  06-06-2022 21:00 via newsbtc.com
  
  On-chain data shows Bitcoin whales holding between 1k to 10k BTC have expanded their reserves recently, a sign that could be bullish for the crypto’s price.
  Bitcoin Reserves Of 1k-10k BTC Holders Have Observed Growth Recently
  As explained by an analyst in a CryptoQuant post, the whales holding between 1k to 10k BTC have shown smart-money behavior in the past as they usually buy near bottoms and sell near tops.
  The relevant metric here is the total amount of coins currently being held by th
  
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• Why Commodities Could See Decline Soon, Good News For Bitcoin?

  06-06-2022 20:58 via newsbtc.com
  
  Global commodities could be about to take a hit, the move might translate into some relief for Bitcoin and the crypto market. The nascent asset class has been experiencing downside pressure as the U.S. Federal Reserve (FED) is set to stop inflation from worsening.
  Related Reading | Bitcoin Records 1st Weekly Green Candle In 3 Months – A Start Of A Bull Run?
  At the time of writing, Bitcoin (BTC) trades at $31,300 with a 4% profit in the last 24-hours. In the past week, the benchmark cr
  
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• Price analysis 6/6: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

  06-06-2022 20:38 via cointelegraph.com
  
  BTC and altcoins flashed green at the weekly open, but overhead resistance levels will continue to pose a challenge in the short-term.
  
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• Ripple co-founder Jed McCaleb has sold 70 million XRP in two weeks

  06-06-2022 20:02 via coinjournal.net
  
  Ripple co-founder Jed McCaleb sold nearly 70 million XRP over the past two weeks, data from XRPscan shows.
  According to the data, the “tacostand” wallet has sold 69.11 million XRP, with over 20 million of these hitting the market in the past six days. Overall, the latest selling started on 24 May, coinciding with a dip in the XRP price.
  In total, he has sold over 5 billion of the total 9 billion XRP he received as Ripple co-founder. Meanwhile, the tacostand wallet address shows
  
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• Amid crypto bear market, institutional investors scoop up Bitcoin: CoinShares

  06-06-2022 20:00 via cointelegraph.com
  
  Bitcoin investment funds are seeing positive inflows while Ether funds continue to be drained, according to industry data.
  
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• DEA Appoints Tatsuya Kohrogi Vice President & Head Of Global Business

  06-06-2022 19:36 via newsbtc.com
  
  Singapore-based GameFi ecosystem Digital Entertainment Asset Pte. Ltd. (DEA) has revealed the appointment of Tatsuya Kohrogi to the role of Vice President and Head of Global Business. Kohrogi will be leveraging his extensive experience to help DEA expand into new markets.
  Commenting on the company’s latest talent acquisition, DEA CEO Naohito Yoshida notes, “Tatsuya is a dynamic leader and is highly experienced in building partner relations, creating and implementing leading initiativ
  
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• Trends That Show the Cryptocurrency Market Is on the Rise By CoinQuora - Investing.com

  06-06-2022 19:30 via investing.com
  Trends That Show the Cryptocurrency Market Is on the Rise By CoinQuora  Investing.com
  
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• Solana reminds me of my broken earphones

  06-06-2022 19:21 via coinjournal.net
  
  Solana’s ease-of-use, market-leading TPS and low fees are formidable qualities
  On the flipside, the latest shutdown marks eighth outage this year
  How deep is this problem, and what does the future hold? 
  If I had a dollar for every time Solana has shut down this year, I’d be able to afford a 500g of cashews at the local supermarket (that’s $8, for those unaware of how bizarrely expensive nuts are).
  In what has become a disconcertingly familiar story, Solana shut off again
  
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• Avalanche price eyes 30% jump in June with AVAX's classic bullish reversal pattern

  06-06-2022 19:21 via cointelegraph.com
  
  But AVAX price is also forming a potential descending triangle that can spoil the upside chances.
  
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• CertiK shares security tips following third BAYC security compromise in six months

  06-06-2022 19:15 via cointelegraph.com
  
  According to CertiK, investors should be highly skeptical of free NFT giveaways, as well as small peculiarities in sites they interact with.
  
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• Ethereum Single-Day Liquidations Reach Three-Year High As Price Breaks $1,900

  06-06-2022 19:00 via newsbtc.com
  
  Ethereum is back on another winning streak as it breaks above $1,900. This follows a weekend that was mostly characterized by low momentum but would eventually turn for the better. In the wake of this, there have been a lot of short liquidations in the market due to the recovery. However, the liquidations in Ethereum hit a new three-year high when thousands of short positions were liquidated on the Bitfinex cryptocurrency exchange.
  Bitfinex Short Liquidations Grow
  The Bitfinex crypto exchange is
  
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• How Fractional Ownership Is Bringing Iconic Real-World Objects To The Public

  06-06-2022 18:53 via newsbtc.com
  
  Fractional ownership has become a hot topic in the decentralized world. Now that many industries have integrated blockchain technology, which are the latest industries jumping aboard the trend of fractionalization? How can it improve accessibility to the market of high-end collectibles? Read on to find out.Driven by fast-paced blockchain technology adoption, the concept of fractional ownership has had a recent increase in its usage and familiarity on the world scene. As a result, what was once a
  
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• Cryptocurrency supporters boost Greg Tanaka's bid for Congress - Palo Alto Online

  06-06-2022 18:31 via paloaltoonline.com
  
  Cryptocurrency supporters boost Greg Tanaka's bid for Congress  Palo Alto Online
  
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• Hong Kong's Securities and Futures Commission warn of nonfungible token risks

  06-06-2022 18:30 via cointelegraph.com
  
  The regulatory agency's main concern was the rise of unregulated collective investment schemes in NFTs.
  
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• Solana disables transaction feature to prevent future network outage

  06-06-2022 18:21 via coinjournal.net
  
  The temporary disabling of the durable nonce transactions allowed for block production to resume after last Wednesday’s network four and half hour outage.
  Solana has disabled the durable nonce transaction feature on its network to prevent future outages similar to what happened last week when it halted for over four hours.
  What caused the latest outage?
  According to Solana Labs, a runtime bug triggered a situation where failed durable nonce transactions were processed twice, leading to non
  
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• Corporate evolution: How adoption is changing crypto company structures

  06-06-2022 18:07 via cointelegraph.com
  
  Could the growing adoption of cryptocurrencies also mean a move away from its decentralized principles?
  
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• ‘CBDCs are the natural evolution,’ says HyperLedger director Barbosa

  06-06-2022 18:00 via cointelegraph.com
  
  In an interview filmed during the World Economic Forum in Davos, Daniela Barbosa gives the floor to enterprise blockchains and the future of currencies.
  
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• ‘WeCryptoEco’ Opens the World’s Largest Solar Powered Farm to NFT Holders

  06-06-2022 17:38 via coinjournal.net
  
  Essex, United Kingdom, 6th June, 2022, Chainwire
  WeCryptoEco, the brainchild of business visionaries James Ross and Roderick Chisholm, is exploding onto the scene. Founded in 2022, WeCryptoEco, the environmentally friendly crypto mining project, is changing the process by lessening the impact on the earth’s resources. At WeCryptoEco, the team is building the world’s largest solar-powered blockchain, AI, and bitcoin mining farm, instead of mining at all costs.
  Environmentalists around
  
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• TRON upgrades USDD in the aftermath of TerraUSD collapse

  06-06-2022 17:07 via coinjournal.net
  
  USSD is the first over-collateralized decentralized stablecoin, with guaranteed minimum collateral ratio of 130%.
  The current collateral ratio is over 200% with nearly $1.4 billion worth of assets in the Tron DAO reserve account.
  TRON-based decentralized stablecoin USDD has hit another milestone as it becomes the first overcollateralized decentralized stablecoin (OCDS) in the crypto industry.
  A month since its launch on 5 May, USDD has experienced great organic growth as part of its Stablec
  
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• Crypto 401(k): Sound financial planning or gambling with the future?

  06-06-2022 16:54 via cointelegraph.com
  
  Cryptocurrencies may be coming to Americans’ retirement plans. Some see it as a sound financial strategy, while others remain skeptical.
  
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• BTC price approaches $32K as analyst warns of 'boring' summer for Bitcoin

  06-06-2022 16:43 via cointelegraph.com
  
  $32,000 comes back into view at 6% gains are helped by a return to strength on U.S. stock markets.
  
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• Why is Cardano up by 11% in the last 24 hours?

  06-06-2022 16:42 via coinjournal.net
  
  The cryptocurrency market is having an excellent start to the week, with most of the cryptocurrencies currently in the green zone.The broader crypto market is trading in the green zone. The total cryptocurrency market cap is up by more than 5% today and currently stands close to $1.3 trillion.
  Bitcoin remains the market leader, up by more than 6% over the past 24 hours. At press time, BTC is trading above the $31,500 resistance level.
  Ether is also performing well, up by 7% so far today and curr
  
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• Nexus Dubai Projects: a Whole New Defi World Unveils

  06-06-2022 16:20 via coinjournal.net
  
  Dubai, UAE, 6th June, 2022, Chainwire
  NXD projects have products that possess amazing use cases for users to explore, such as the Nexus Dubai Token, UAE Merchant Network, Nexidius, and Electrum. NXD’s purpose in writing this press release is to give his readers the opportunity to learn more about these products as well as how they can be a part of them.
  Nexus Dubai (NXD) Token 
  Nexus Dubai (NXD) is a bridging multi-network token that supports various networks. The initial issuance of
  
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• Is Cardano ready for a go at $1? June's hard fork FOMO lifts ADA price to weekly highs

  06-06-2022 15:20 via cointelegraph.com
  
  Cardano's previous hard forks sparked massive ADA price rallies. Will this time be different?
  
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• Hagersville, Ont. resident lost $400,000 in online cryptocurrency scam, police say - CBC.ca

  06-06-2022 15:20 via cbc.ca
  
  Hagersville, Ont. resident lost $400,000 in online cryptocurrency scam, police say  CBC.ca
  
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• SpartaCats Meme Coin PURR Lists on Two DEXs: PancakeSwap and FlatQube

  06-06-2022 15:17 via newsbtc.com
  
  On June 4, 2022, the meme coin project SpartaCats, whose purpose is to unite meme coins and NFT enthusiasts into a one-for-all smart ecosystem, added its native token PURR to the listings of two decentralized exchanges: PancakeSwap and FlatQube. On the same day, SpartaCats launched liquidity pools, followed by a farming program on BNB Chain and Everscale.
  On the first day of trading, the coin showed an X8 price increase, and this is definitely a good start, since the project by all indications p
  
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• New York's push to ban crypto mining triggers response from community

  06-06-2022 14:55 via cointelegraph.com
  
  In a tweet, Lawyer Jake Chervinsky expressed his hopes that the governor will veto the bill “for the sake of New York.”
  
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• Getting Paid To Save The Earth With DeFi: Too Good To Be True?

  06-06-2022 14:50 via crypto-news.net
  
  Some dream of money, some dream of status, others – of saving the planet. We know we are having big problems with the things our previous generations have caused with the emergence of the industrial and agricultural revolutions, but it has been incredibly difficult tackling each of the variety of factors that contribute to climate […]
  The post Getting Paid To Save The Earth With DeFi: Too Good To Be True? appeared first on Crypto-News.net.
  
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• Purrfect match: The story of a young girl’s love of cats and NFTs

  06-06-2022 14:46 via cointelegraph.com
  
  Born out of admiration for her cat Molly, 9-year-old Amelia launched her own NFT collection Ami's Cats last year, raising over $2,000 for charities supporting animal welfare and Ukrainian child refugees.
  
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• Bitcoin’s near-term volatility is largely irrelevant, says Michael Saylor

  06-06-2022 13:30 via coinjournal.net
  
  Bitcoin has performed poorly over the past few months, but MicroStrategy’s CEO believes that it is irrelevant in the long term.Michael Saylor, the CEO of MicroStrategy, believes that Bitcoin’s short-term volatility is largely irrelevant. According to Saylor, investors shouldn’t bother about Bitcoin’s short-term volatility if they understand the fundamentals of the leading cryptocurrency and how difficult it would be to create something better.
  In a recent interview with T
  
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• Blockchain-based move-to-earn app Stepn under DDoS attacks after upgrade

  06-06-2022 12:53 via cointelegraph.com
  
  Apart from trying to get rid of cheating and bots, Stepn is also working to limit its platform’s availability for users in mainland China.
  
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• CoinsPaid Becomes the Crypto Payment Market Leader With €12 Billion Processed Since Launch

  06-06-2022 12:34 via newsbtc.com
  
  The leading cryptocurrency payment gateway CoinsPaid has demonstrated record growth in 2022. The company’s overall processed volume reached €12 billion and keeps growing by almost €1 billion each month, making CoinsPaid the largest crypto processor by monthly volume.
  In 2022, the number of processed transactions hit 6.5 mln and the operations volume approached the €4.5 billion mark. These figures are several times higher than those for the same period in 2021.
  Outstanding re
  
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• Remote roles in blockchain offer flexibility for women: Alien Worlds co-founder

  06-06-2022 12:03 via cointelegraph.com
  
  McKenna shared that blockchain communities are “extremely diverse” and offer “unique perspectives and interests.
  
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• MetaBrewSociety to offer voting rights over a brewery via NFTs and DAO

  06-06-2022 11:10 via cointelegraph.com
  
  Brewing could soon be getting the Web3 treatment, with tokens giving holders a choice in how their favorite brewery is run.
  
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• Highlights June 6: Cryptos in the green, Cardano soars

  06-06-2022 11:01 via coinjournal.net
  
  The crypto market is in full swing with most top 100 coins in the green at the time of writing. 
  Top cryptos
  Major cryptos had a strong day with Cardano gaining more than 13%, Avalanche adding more than 9%, Solana up more than 8%, followed by Ethereum which jumped more than 4%. 
  Bitcoin was trading above $31,000 at time of writing, up around 5% over the past 24 hours. Cardano is rising as the Vasil Hard Fork Upgrade approaches. It is expected to improve the blockchain’s scalabili
  
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• Bitcoin Records 1st Weekly Green Candle In 3 Months – A Start Of A Bull Run?

  06-06-2022 10:47 via newsbtc.com
  
  In the past week, Bitcoin and the broader cryptocurrency market have demonstrated a significant trend reversal by gaining 8 percent in a short period of time. Following its decoupling from U.S. equities, the largest cryptocurrency in the world has been attempting to catch up with this relief bounce.
  Bitcoin has had a week of volatility. However, the cryptocurrency has been able to record its first green weekly candle in three months.
  As of this writing, BTC is trading at $31,256.62, up
  
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• BTC price snaps its longest losing streak in history — 5 things to know in Bitcoin this week

  06-06-2022 09:30 via cointelegraph.com
  
  The longest weekly losing streak in Bitcoin history is finally broken, but the mood among analysts is anything but unanimously bullish.
  
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• Top cryptocurrency prices 6/6; Crypto market in India – trends and analysis you need to know today - The Financial Express

  06-06-2022 09:00 via financialexpress.com
  
  Top cryptocurrency prices 6/6; Crypto market in India – trends and analysis you need to know today  The Financial Express
  
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• Maiar Cryptocurrency Exchange Shuts Down Operations After $113M Exploit | Bitcoinist.com - Bitcoinist

  06-06-2022 09:00 via bitcoinist.com
  
  Maiar Cryptocurrency Exchange Shuts Down Operations After $113M Exploit | Bitcoinist.com  Bitcoinist
  
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• DeFi community rallies behind PoolTogether to hit $1.4M NFT defense funding target

  06-06-2022 07:36 via cointelegraph.com
  
  “Don't have a lot of words right now. Blown away by how the community has rallied around PoolTogether Inc and myself,” said PoolTogether co-founder Leighton Cusack.
  
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• TA: Ethereum Bulls Keeps Pushing, Why ETH Could Rise Steadily

  06-06-2022 07:28 via newsbtc.com
  
  Ethereum found support near $1,735 and corrected higher against the US Dollar. ETH is now facing a major resistance near $1,885 and $1,920.Ethereum is slowly moving higher and trading above $1,850.
  The price is now trading above $1,860 and the 100 hourly simple moving average.
  There was a break above a major bearish trend line with resistance near $1,840 on the hourly chart of ETH/USD (data feed via Kraken).
  The pair might rise steadily if there is a clear move above the $1,920 resistance zone.E
  
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• Ugandan central bank U-turns on crypto welcoming firms to regulatory sandbox

  06-06-2022 06:43 via cointelegraph.com
  
  The bank advised the Blockchain Association of Uganda (BAU) to sharpen up its knowledge of the sandbox regulations, inviting its members along to further technical discussions.
  
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• Australian Mayor downplays crypto volatility, recommends it for rates payments

  06-06-2022 06:38 via cointelegraph.com
  
  "The volatility is not that bad” - Australia’s Gold Coast Mayor suggests crypto could be used to pay local taxes in the future.
  
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• Top cryptocurrency prices today: Solana, Cardano, Bitcoin and Avalanche gain up to 7% - Economic Times

  06-06-2022 06:20 via economictimes.indiatimes.com
  
  Top cryptocurrency prices today: Solana, Cardano, Bitcoin and Avalanche gain up to 7%  Economic Times
  
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• Bermuda confirms crypto hub ambitions despite market downturn

  06-06-2022 05:42 via cointelegraph.com
  
  “We are aware of the recent devaluation in the price of cryptocurrencies and remain confident that it does not threaten the island’s ability to become a crypto hub,” said Bermuda’s minister of economy and labor, Jason Hayward.
  
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• TA: Bitcoin Forms Bullish Pattern, Why BTC Could Accelerate Higher

  06-06-2022 05:08 via newsbtc.com
  
  Bitcoin remained well bid above the $29,350 support zone against the US Dollar. BTC started a fresh increase and cleared the $30,000 resistance zone.Bitcoin started a recovery wave from the $29,350 support zone.
  The price is now trading above the $30,000 level and the 100 hourly simple moving average.
  There was a break above a major bearish trend line with resistance near $29,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  The pair could accelerate higher if it clears the $3
  
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