Cryptocurrency news

• Information, AML/CFT steps are key to fighting international digital crime, DOJ report says

  08-06-2022 23:30 via cointelegraph.com
  
  The Justice Department report, mandated by the president executive order on digital asset development, recommends more efforts along the lines already being pursued.
  
  Read more

• Why Cryptocurrency Might Turn Out To Be Worthless, According To A Nobel Laureate Economist - SlashGear

  08-06-2022 23:23 via slashgear.com
  
  Why Cryptocurrency Might Turn Out To Be Worthless, According To A Nobel Laureate Economist  SlashGear
  
  Read more

• Traders target $1,400 Ethereum price after ETH drops closer to a critical support level

  08-06-2022 23:20 via cointelegraph.com
  
  Ethereum’s Ropsten testnet successfully integrated the merge to become proof-of-stake, but this hasn’t stopped traders from adjusting their downside price targets.
  
  Read more

• Digital assets still make a lot of sense, says Codex co-founder

  08-06-2022 23:00 via cointelegraph.com
  
  In a Davos interview, Codex's Alex Gordon-Brander talked about the Ethereum launch, Codex’ liquidity specialties, and solving real-world problems with crypto.
  
  Read more

• Advertisement

• Cryptocurrency In Texas: Why Bitcoin Mining Is Taking Off In The Lone Star State - JD Supra

  08-06-2022 21:37 via jdsupra.com
  
  Cryptocurrency In Texas: Why Bitcoin Mining Is Taking Off In The Lone Star State  JD Supra
  
  Read more

• Cryptocurrency and Bitcoin: Here's What to Know - The New York Times

  08-06-2022 21:27 via nytimes.com
  
  Cryptocurrency and Bitcoin: Here's What to Know  The New York Times
  
  Read more

• New York state releases guidance for issuing dollar-backed stablecoins

  08-06-2022 21:15 via cointelegraph.com
  
  The NY State Department of Financial Services, notorious for its strictness, claims to be the first regulator in the country to impose requirements of the type.
  
  Read more

• Bitcoin bears have plenty of reasons to hold BTC price below $32,000

  08-06-2022 21:04 via cointelegraph.com
  
  Regulatory pressure and macroeconomic uncertainty continue to pin traders' sentiment and BTC price under $32,000.
  
  Read more

• Advertisement

• When Greed? Bitcoin Market Crushed Under One Full Month Of Fear

  08-06-2022 21:00 via newsbtc.com
  
  Data shows the Bitcoin market has been stuck in a state of extreme fear since the 5th of May, meaning this run of bottom sentiment has gone on for more than a full month now.
  Bitcoin Fear And Greed Index Continues To Point At An Extremely Fearful Market
  According to the latest weekly report from Arcane Research, the crypto market is currently going through its longest run of extreme fear since the COVID crash back in 2020.
  The “fear and greed index” is an indicator that tells us abou
  
  Read more

• ‘Data DAO’ Delphia raises $60M Series A led by Multicoin Capital

  08-06-2022 20:30 via cointelegraph.com
  
  Decentralized autonomous organizations continue to gain traction. In the case of Delphia, retail traders will be rewarded for contributing their personal data.
  
  Read more

• How The Crypto Winter Has Impacted The DeFi Sector

  08-06-2022 20:00 via newsbtc.com
  
  The crypto market trends to the downside as major assets are unable to break above local resistance. As per usual, the dominant trend picks winners and losers and unfortunately, the altcoin markets have been amongst the latter.
  Related Reading | As Bitcoin Slumps, BTC Miners Sell Of Their Tokens Creating Panic In The Market
  In particular, decentralized finance (DeFi) protocols have been severely impacted by the crypto downtrend. Some of the most popular protocols in the Ethereum DeFi sector
  
  Read more

• Price analysis 6/8: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB

  08-06-2022 19:44 via cointelegraph.com
  
  Bitcoin and altcoins are losing bullish momentum and persistent selling at overhead resistance suggests that the current consolidation is far from over.
  
  Read more

• Despite bearish trend, hedge funds are dipping their toes in crypto: PwC

  08-06-2022 19:06 via cointelegraph.com
  
  Although traditional fund managers remain hesitant about investing in Bitcoin and Ether, their exposure to digital assets appears to be growing.
  
  Read more

• Bitcoin Miner Revenues Stay Low As Price Decline Continues

  08-06-2022 19:00 via newsbtc.com
  
  Bitcoin miners have been one of the worse-hit following the decline in the price of the digital asset. After what can be said to be a wonderful run towards the end of 2021, the miners have now hit a rough patch where their revenues have been dropping. The previous week would prove to be no different, signaling a continuation of lower cash flow on the part of miners, as the daily miner revenues remain depressed in the first week of June.
  Bitcoin Miners Take A Hit
  Bitcoin miners have not had the b
  
  Read more

• Metaverse sneak peek: Project aims to build a creator-focused economy through blockchain

  08-06-2022 17:46 via cointelegraph.com
  
  Cointelegraph explored Web3 creator economy protocol DEIP’s metaverse in an online event last week.
  
  Read more

• ATMIA Launches Nationwide Effort to Help Consumers Recognize Typical Cryptocurrency Fraud Schemes - Business Wire

  08-06-2022 17:10 via businesswire.com
  
  ATMIA Launches Nationwide Effort to Help Consumers Recognize Typical Cryptocurrency Fraud Schemes  Business Wire
  
  Read more

• Wall Street sends BTC price to $30.8K as latest US dollar uptick fails

  08-06-2022 16:20 via cointelegraph.com
  
  U.S. dollar strength is waning as traders hope for critical levels to break to exit Bitcoin’s “no trade zone.”
  
  Read more

• Edge announces confidential no-KYC digital currency Mastercard

  08-06-2022 16:00 via cointelegraph.com
  
  The company said there will be a $1,000 daily spending limit, but no personal information is required.
  
  Read more

• Cryptocurrency fuels new business opportunities - MIT Technology Review

  08-06-2022 16:00 via technologyreview.com
  
  Cryptocurrency fuels new business opportunities  MIT Technology Review
  
  Read more

• US central bank digital currency commenters divided on benefits, unified in confusion

  08-06-2022 15:32 via cointelegraph.com
  
  Like a Rorschach ink blot, the Federal Reserve Board’s CBDC discussion paper provided stakeholders with an opportunity to find what they wanted to see in it.
  
  Read more

• Ethereum 'double doji' pattern hints at a 50% ETH price rally by September

  08-06-2022 15:28 via cointelegraph.com
  
  ETH's bullish reversal candlesticks form near a strong support confluence, raising anticipations about asharp upside retracement ahead.
  
  Read more

• BlockFills to List CME Group Cryptocurrency Derivatives Products - Yahoo Finance

  08-06-2022 15:03 via finance.yahoo.com
  
  BlockFills to List CME Group Cryptocurrency Derivatives Products  Yahoo Finance
  
  Read more

• How to Create a Cryptocurrency - Small Business Trends

  08-06-2022 15:00 via smallbiztrends.com
  
  How to Create a Cryptocurrency  Small Business Trends
  
  Read more

• Bill to ban digital assets as payment introduced in Russian parliament

  08-06-2022 14:43 via cointelegraph.com
  
  The legislation would oblige the DFA managers to withhold any deals, implicating the usage of crypto as a monetary surrogate
  
  Read more

• Cardano Metaverse Project Cardalonia Releases Staking Platform, Set To Release Playable Avatars On The Cardano Blockchain

  08-06-2022 14:17 via newsbtc.com
  
  Cardalonia, a Cardano Metaverse project has announced the launch of their Staking platform and according to the roadmap, a user playable NFT clan of Cardalonia Blockchain is scheduled to be released by late 2022.
  Cardalonia when fully launched will allow users to customize their experiences in the Cardano virtual world where players can build, own Lands and personalize their Metaverse experiences on the Cardano Blockchain.
  Cardalonia Flexible Staking
  The team at Cardalonia recently released the
  
  Read more

• As Bitcoin Slumps, BTC Miners Sell Of Their Tokens Creating Panic In The Market

  08-06-2022 14:00 via newsbtc.com
  
  The broader crypto market has been in a state of a downward price swing, with Bitcoin going lower almost daily. Before now, Bitcoin miners have put away some BTC tokens waiting for their sunny days to reap. However, the continuous price drop of virtual assets has set a constant downtrend for the most significant crypto token.
  Hence, miners are selling out their holdings to flatten the rising costs of operations and other activities as Bitcoin makes some rebounding steps.
  As per reports, there is
  
  Read more

• Did Celsius’ Withdrawal Trigger The Terra/ LUNA Collapse? Claim & Response

  08-06-2022 13:18 via newsbtc.com
  
  Did Celsius set off the domino effect? Almost a month ago, The Block Crypto reported that Celsius pulled at least $500M from the Anchor protocol before the collapse. Two weeks ago, blockchain analytics firm Nansen identified Celsius among the seven big wallets that allegedly triggered the bank run on Anchor. Recently, Celsius responded. 
  Is this the explanation for the Terra/ LUNA collapse? Was this whole situation not a deliberate attack? Were natural market forces responsible instead? The
  
  Read more

• Ethereum Market Cap Cut By Over $100 Billion Last Month

  08-06-2022 12:50 via newsbtc.com
  
  The worsening condition of the crypto market has seeped through Ethereum. The market cap of Ethereum was purged by more than $100 billion last month.
  Ethereum was trading at $1,809.49, down -6.9% Wednesday, chart by Coingecko shows.
  The bearish market stance is getting more consistent as Ethereum appears to settle at its comfort zone and trade below $4,000 this year.
  Being second in line to the top crypto Bitcoin, Ethereum remains unassailable, with it maintaining its ranking as the second-bigge
  
  Read more

• Will she or won't she sign NY's cryptocurrency moratorium? - WBFO

  08-06-2022 12:02 via wbfo.org
  
  Will she or won't she sign NY's cryptocurrency moratorium?  WBFO
  
  Read more

• Major South Korean crypto exchanges delist Litecoin

  08-06-2022 11:49 via cointelegraph.com
  
  Crypto regulations in South Korea require exchanges to enforce strict KYC and AML guidelines and major crypto exchanges have delisted privacy coins in the past as well.
  
  Read more

• IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments

  08-06-2022 11:21 via cointelegraph.com
  
  In addition to eco-friendly components, the IMF recommended central banks to include other features in the CBDCs, such as compliance, higher resilience and offline capabilities.
  
  Read more

• Japanese Government Reportedly Set To Freez Stolen Crypto – Assets By Passing New Law

  08-06-2022 11:00 via newsbtc.com
  
  The decentralized nature of crypto assets ensures that transactions and activities involving the assets have no third parties interference. This has remained a leveraging feature that decentralized finance uses against its centralized counterpart.
  Yet, most criminal activities relating to cryptocurrency are scaling through based on its decentralized characteristics. One of such prevalent crimes is money laundering.
  Such loopholes have prompted some jurisdictions to propose laws for crypto and it
  
  Read more

• Don't click links: Crypto community responds to alleged Telegram ‘exposé’

  08-06-2022 10:17 via cointelegraph.com
  
  Telegram announced that the anonymous account's claims are “baseless” and are made to "get users to download malware."
  
  Read more

• Don’t click links: Crypto community responds to alleged Telegram ‘exposé’

  08-06-2022 10:17 via cointelegraph.com
  
  Telegram announced that the anonymous account’s claims are “baseless” and are made to “get users to download malware.”
  
  Read more

• Bank Of Uganda Invites Cryptocurrency Businesses To Discuss Technicalities With Central Bank | Bitcoinist.com - Bitcoinist

  08-06-2022 10:06 via bitcoinist.com
  
  Bank Of Uganda Invites Cryptocurrency Businesses To Discuss Technicalities With Central Bank | Bitcoinist.com  Bitcoinist
  
  Read more

• Crypto-stock trade pairs in the cards as Swyftx inks $1.5B merger with Superhero

  08-06-2022 10:04 via cointelegraph.com
  
  Speaking to Cointelegraph on Wednesday, Swyftx co-CEO Ryan Parsons revealed that its long-term plans are to explore ways to offer trading between traditional and crypto asset classes.
  
  Read more

• 'Can it get any easier?' Bitcoin whales dictate when to buy and sell BTC

  08-06-2022 09:27 via cointelegraph.com
  
  Whale buying and selling has effectively told traders how to position their bids and asks, data reveals.
  
  Read more

• Axie Infinity Revenue Continues To Collapse – Here’s Why

  08-06-2022 09:18 via newsbtc.com
  
  Axie Infinity, a blockchain-based play-to-earn game, generated a measly $988,400 in total revenue the previous week, which is the first time that the popular P2E game that allows you to earn SLP coins, amassed lower than 1 million since February 2021.
  From an hourly standpoint, AXS price has spiraled down by 1.69% or roughly $0.35 compared to values from an hour ago. This looks like a reversal from the previous results, showing the price moving up.
  Today, the AXS price is down by 0.87% or $0.18
  
  Read more

• Transcript: The Evolution of Money: Cryptocurrency Regulation - The Washington Post

  08-06-2022 09:00 via washingtonpost.com
  Transcript: The Evolution of Money: Cryptocurrency Regulation  The Washington Post
  
  Read more

• Cryptocurrency Price Today: Bitcoin Price Flat at $30,000, Ether in Green; Full List - News18

  08-06-2022 09:00 via news18.com
  
  Cryptocurrency Price Today: Bitcoin Price Flat at $30,000, Ether in Green; Full List  News18
  
  Read more

• The Metaverse industry continues to struggle while $NXTT continues its rally

  08-06-2022 08:00 via newsbtc.com
  
  The crypto market has been facing a rough time over the past few months. The majority of assets have been in a bearish trend, following the broader market sentiment. Some have managed to weather the storm better than others.
  Let’s compare and contrast the two digital assets, $SAND and $NXTT.
  Comparing Performance
  The Sandbox ($SAND) has been one of the hardest-hit tokens amidst this crypto downturn. The Sandbox, a gaming project that aims to create a blockchain-based virtual world, has see
  
  Read more

• Orbex Expands Its Product Offering with 11 Major Cryptocurrency Pairs - PR Newswire

  08-06-2022 08:00 via prnewswire.com
  
  Orbex Expands Its Product Offering with 11 Major Cryptocurrency Pairs  PR Newswire
  
  Read more

• Solana Ventures sets up $100M fund for GameFi and DeFi in South Korea

  08-06-2022 07:46 via cointelegraph.com
  
  The new fund is intended to support the growth of NFT, gaming, and DeFi projects on Solana and to help keep former Terra developers on their feet following Terra’s fall.
  
  Read more

• TA: Ethereum Holds Crucial Support, Why Hopes of Fresh Rally Is Intact

  08-06-2022 07:08 via newsbtc.com
  
  Ethereum remained well bid above the $1,720 support against the US Dollar. ETH recovered losses, but it is still facing hurdles near the $1,850 zone.Ethereum remained well bid above the $1,720 support zone.
  The price is now trading below $1,800 and the 100 hourly simple moving average.
  There is a key bearish trend line forming with resistance near $1,840 on the hourly chart of ETH/USD (data feed via Kraken).
  The pair might start a steady increase if there is a clear move above the $1,850 resista
  
  Read more

• Human rights activists take aim at privileged crypto critics in letter to Congress

  08-06-2022 07:08 via cointelegraph.com
  
  The group of 21 activists provided examples of how crypto assists people around the world, saying “tens of millions” rely on Bitcoin (BTC) and stablecoins as a way to access financial tools.
  
  Read more

• Top cryptocurrency prices today: Bitcoin, Ethereum, Cardano, Avalanche zoom up to 10% - Economic Times

  08-06-2022 06:25 via economictimes.indiatimes.com
  
  Top cryptocurrency prices today: Bitcoin, Ethereum, Cardano, Avalanche zoom up to 10%  Economic Times
  
  Read more

• Beer, gambling and crypto: Budweiser races into Zed Run's NFT games

  08-06-2022 06:24 via cointelegraph.com
  
  The duo will launch a Budweiser-themed race track, Budweiser NFT passes, racing prize pools starting at $45,000 and three tiers of airdropped Clydesdale NFT skins that are usable in Zed Run.
  
  Read more

• What Does The Bull Div On Ethereum RSI Mean For The Top Altcoin?

  08-06-2022 06:00 via newsbtc.com
  
  Just like other altcoins, Ethereum too extended losses today. Over the last 24 hours, the altcoin slipped below the $1900 price level. Bitcoin also fell on its chart and major industry altcoins followed suit. Most coins over the past week and a half have been consolidating on their charts.
  Following the consolidation, some altcoins attempted to rise on their charts but was soon met with the bears due to choppiness in the market. Overhead resistance for Ethereum continues to remain firm for the c
  
  Read more

• TA: Bitcoin Forms Bullish Pattern, Why Break Above $31.5K Is The Key

  08-06-2022 05:08 via newsbtc.com
  
  Bitcoin remained strong above the $29,500 support against the US Dollar. BTC could start a major increase if there is a clear move above the $31,500 resistance.Bitcoin started a fresh increase from the $29,500 support zone.
  The price is now trading above the $30,000 level and the 100 hourly simple moving average.
  There is a key bearish trend line forming with resistance near $31,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  The pair could start a major upward move if there
  
  Read more

• Metaverse tokens up 400% year on year despite altcoin bloodbath

  08-06-2022 05:01 via cointelegraph.com
  
  A new report from Kraken Intelligence reveals that Metaverse tokens were one of only two categories of crypto that saw year-on-year growth in prices.
  
  Read more

Follow @CryptoNewslock on Twitter!