Cryptocurrency news

• US lawmakers introduce bill aimed at reporting on crypto miners' potential environmental impact

  08-12-2022 22:54 via cointelegraph.com
  The Crypto-Asset Environmental Transparency Act would instruct the Environmental Protection Agency to report on crypto mining activity consuming more than 5 megawatts.
  
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• 7 of the Best Play-to-Earn Crypto Games to Invest in for 2023

  08-12-2022 22:48 via coinjournal.net
  In a recent report, DappRadar stated that $1.3 billion was raised by play-to-earn and metaverse games in Q3 2022 alone. This comes with almost a million daily active wallets interacting with these games. These figures show that, even since its beginning, play-to-earn gaming has been offering excellent investment opportunities that can’t be missed.
  If you’re wondering where to start with play-to-earn investing, we’ve got you covered. In this article, we’re going to break d
  
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• DMI finds CBDCs not targeting cross-border payments, huge potential in Metaverse

  08-12-2022 22:30 via cointelegraph.com
  The Digital Money Institute’s third annual payments report looks at CBDCs for the first time, as well as other payment methods, through the lens of cross-border payment utility.
  
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• Ren protocol warns users to unwrap tokens or risk losses as upgrade looms

  08-12-2022 22:15 via cointelegraph.com
  The team stated on Twitter that deposits would be disabled “shortly” and withdrawals within 30 days.
  
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• Is Bitcoin Bottom In? This On-Chain Condition Hasn’t Been Met Yet

  08-12-2022 22:00 via newsbtc.com
  A Bitcoin on-chain metric still hasn’t formed the same condition as in the previous bottom, suggesting that the current low may not be in yet.
  Stablecoin Exchange Inflows (Top 10) Hasn’t Shown Any Spikes Recently
  As pointed out by an analyst in a CryptoQuant post, the top 10 stablecoin exchange inflows saw a rise during the July 2021 bottom.
  The “stablecoin exchange inflows (top 10)” is an indicator that measures the sum of the ten largest stablecoin transactions that are
  
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• Crypto overview November 2022

  08-12-2022 21:35 via coinjournal.net
  Cryptocurrency prices have declined significantly in 2022, with crypto assets tracking the performance of stocks such the Nasdaq 100.
  An overview of three top cryptocurrencies  in Bitcoin, Ethereum and Ripple highlights the opportunities and risks that abound.
  Investors seeking to trade on contracts for differences, CFDs, for crypto need to do due diligence and understand how the contracts work.Crypto has tracked high-risk assets like the Nasdaq 100 for much of 2022, crumbling as a result
  
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• SEC issues new guidance requiring companies to disclose cryptocurrency risks - CNBC

  08-12-2022 21:32 via news.google.com
  SEC issues new guidance requiring companies to disclose cryptocurrency risks  CNBCSEC issues guidance for disclosing cryptocurrency risks  Pensions & InvestmentsSEC issues New Guidance on Disclosing Cryptocurrency Risks  Crypto TimesUS securities regulator issues new guidelines for firms, makes cryptocurrency risk disclosure must  WIONView Full Coverage on Google News
  
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• Countries and institutions move into crypto despite market drop: Report

  08-12-2022 21:31 via cointelegraph.com
  November saw a reduction in BTC mining revenue for publicly traded miners, a decline in venture capital investment, and signals of Bitcoin going to $12,000.
  
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• Paradigm releases 'Ethereum for Rust' to help ensure network stability

  08-12-2022 21:30 via cointelegraph.com
  A previous version of Ethereum for Rust had been released by Erigon in June, but the Erigon team stopped supporting it due to a lack of resources.
  
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• Total crypto market cap falls to $840B, but derivatives data shows traders are neutral

  08-12-2022 20:51 via cointelegraph.com
  Regulatory pressure continues to limit each upside breakout, but data shows some compelling reasons for an eventual crypto market rally.
  
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• Total crypto market cap falls to $840 billion, but derivatives data shows traders are neutral

  08-12-2022 20:51 via cointelegraph.com
  Regulatory pressure continues to limit each upside breakout, but data shows some compelling reasons for an eventual crypto market rally.
  
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• MATIC Price Battles Under $1 Despite Bullish Signals

  08-12-2022 20:35 via newsbtc.com
  The Polygon (MATIC) price momentum registered a positive shift over the last 24 hours. The altcoin gained close to 3%. Meanwhile, on the weekly chart, MATIC is yet to recover from its losses. The technical outlook depicted positive price action; however, the coin is still not out of the woods.
  MATIC has to break past the immediate resistance zone and trade above the $1.30 mark for a significant period of time. The coin also formed a head and shoulder pattern, often connected to a downtrend.
  In t
  
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• Oversight of cryptocurrency — particularly its environmental impacts is long overdue - The Hill

  08-12-2022 20:30 via news.google.com
  Oversight of cryptocurrency — particularly its environmental impacts is long overdue  The Hill
  
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• BlockFi employees were discouraged from describing risks in internal communications: Report

  08-12-2022 20:30 via cointelegraph.com
  According to a former employee, an internal team at BlockFi raised concerns about the borrower pool being too concentrated among crypto whales, such as Three Arrows Capital and Alameda.
  
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• How to invest in cryptocurrency like a financial planner: 'Do so with caution' - CNBC

  08-12-2022 20:19 via news.google.com
  How to invest in cryptocurrency like a financial planner: 'Do so with caution'  CNBC
  
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• How bullish is Aave after recovering from the $50 bottom?

  08-12-2022 20:01 via coinjournal.net
  AAVE has been recovering from the $50 bottom
  The cryptocurrency has suffered from limited DeFi activity
  AAVE needs to overcome resistance at $71 and the descending trading channel
  Aave price (AAVE/USD) touched a low of $50 on November 22. The level is a crucial support that AAVE traded at in June. Afterwards, AAVE embarked on strong bullish momentum, hitting $115 in August. If history repeats itself, AAVE buyers could look at another bullish rally that could last for a while. However, it is not
  
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• Chris Vernon and Benny Carollo File Claim Before AAA Against Large Cryptocurrency Exchange - PR Newswire

  08-12-2022 19:56 via news.google.com
  Chris Vernon and Benny Carollo File Claim Before AAA Against Large Cryptocurrency Exchange  PR Newswire
  
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• Toncoin is on the verge of a breakout. Here is the next potential target for bulls

  08-12-2022 19:53 via coinjournal.net
  Toncoin has been bullish lately
  The cryptocurrency is retesting the resistance at $1.97
  Investors should watch for a breakout for a chance to buy the token
  Toncoin (TON/USD) trades at $1.97. The level is an important resistance zone; it is the third time the cryptocurrency has tested it since September. TONCOIN was trading with increasing momentum at the crucial level, implying that buyers were looking for a potential breakout. Will it happen?
  Toncoin is a decentralised blockchain and a Layer-1
  
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• Solana’s price movement should worry buyers, but still, there is a chance

  08-12-2022 19:43 via coinjournal.net
  Solana token has been consolidating for a month
  The FTX crash has been a blow to SOL’s price and recovery
  SOL trades with lower volumes, and a potential drop could occur
  Solana (SOL/USD) trades at $13. The cryptocurrency has held to this key level for a month now. The level was reached after a sharp sell-off. That gives buyers the confidence that SOL is consolidating ahead of a potential takeoff. However, it is also true that SOL is just one potential bear leg, and the token will hit level
  
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• Ethereum developers target March 2023 for Shanghai hard fork

  08-12-2022 19:39 via cointelegraph.com
  Users will be able to withdrew their staked Ether and applicable rewards after the upgrade goes live.
  
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• Axie Infinity continues to face rejection. Are buyers giving up?

  08-12-2022 19:34 via coinjournal.net
  Axie Infinity token lost 6.60% on Thursday despite previous gains
  Axie Infinity has been recording increasing activity on the platform
  The token faces resistance at the 50-day moving average
  After strong gains, Axie Infinity’s (AXS/USD) price is weakening. The token traded down by 6.60% in 24 hours, despite retaining a 16% weekly surge. As CoinJournal reported, Axie Infinity’s bullishness reflected increasing activity on the blockchain.
  The increased activity on the play-to-earn
  
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• US lawmakers question federal regulators on banks' ties to crypto firms

  08-12-2022 19:30 via cointelegraph.com
  “FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware,” said Senators Elizabeth Warren and Tina Smith.
  
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• DeFi protocol Tranchess introduces ETH liquid staking

  08-12-2022 19:27 via coinjournal.net
  DeFi protocol Tranches has launched ETH liquid staking to fulfil an urgent need for secure and decentralized alternatives on Ethereum.
  KEY TAKEAWAYSTranchess is a decentralized app that executes yield-generating strategies tailored to users’ risk profiles.
  The ETH liquid staking will enable users to earn from staked ETH while retaining liquidity with an ETH-equivalent token, qETH.The new Tranchess offering comes at a time when the top holders of staked ETH are under scrutiny following the
  
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• Bitcoin slides, but you do not want to miss out on a low price this analyst calls a “steal”

  08-12-2022 19:22 via coinjournal.net
  Bitcoin has lost a weekly 1.52%, and bear pressure is high
  A quantitative analyst expects a bottom in around 3 months but says Bitcoin is attractive
  Bears have an edge as long as BTC does not recapture $19,000
  Bitcoin (BTC/USD) has lost 1.52% in a week as most cryptocurrencies struggle. Despite recovering slightly by 0.25% in the day, the price of the largest cryptocurrency was struggling to retain the $17,000. As of press time, BTC was trading at $16,860. That has raised questions over the pote
  
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• Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting

  08-12-2022 19:01 via cointelegraph.com
  WAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token.
  
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• Fed’s cryptocurrency pilot opens door for dangerous retail option - The Hill

  08-12-2022 19:00 via news.google.com
  Fed’s cryptocurrency pilot opens door for dangerous retail option  The Hill
  
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• Bitcoin Price Prediction: What Elliott Wave Theory Suggests Is Next For BTC

  08-12-2022 18:25 via newsbtc.com
  Any Bitcoin price prediction is just a guess without a basis to make the forecast. The stock-to-flow model that was once the most cited reason for expectations of higher prices has failed, leaving technical analysis, on-chain signals, and statistics as the best chance of finding future price targets.
  Elliott Wave Theory is a technical analysis forecasting methodology discovered in the 1930s, which is based on identifying extremes in investor psychology combined with distinctive price behavior. W
  
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• Major Grayscale digital currency funds are trading at 34% to 69% discount to NAV

  08-12-2022 18:17 via cointelegraph.com
  The firm manages more than $14.7 billion in digital assets through its OTC investment vehicles.
  
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• Nomad releases bridge relaunch guide after patching contract vulnerability

  08-12-2022 18:00 via cointelegraph.com
  The Nomad protocol will allow users to bridge back madAssets and access a pro-rata share of recovered funds.
  
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• Bitcoin Whales Dump 20,000 BTC On The Market, Sell Side Strengthens

  08-12-2022 18:00 via newsbtc.com
  The Bitcoin price action remains stalled as the cryptocurrency moves in a tight range; uncertainty is king in the current environment. Market participants are more optimistic after BTC climbed 12% from the yearly lows, but the possibility of a sustainable rally is declining. The sideways price action is affecting the sentiment in the market. As of this writing, Bitcoin (BTC) is trading at $16,800. Other cryptocurrencies in the top 10 by market cap display similar price action, with very few
  
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• Fintech Company ZELF launches anonymous Visa debit card with crypto recharge

  08-12-2022 17:17 via cointelegraph.com
  The company’s latest initiative will allow users to open up a U.S. dollar checking account with only their name, email, and phone number.
  
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• TikTok Satirizes The Absurdity Of Cryptocurrency With ‘Dabloons’ Meme - Forbes

  08-12-2022 16:48 via news.google.com
  TikTok Satirizes The Absurdity Of Cryptocurrency With ‘Dabloons’ Meme  Forbes
  
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• FTX's Sam Bankman-Fried faces probe over Luna cryptocurrency crash - New York Post

  08-12-2022 16:31 via news.google.com
  FTX's Sam Bankman-Fried faces probe over Luna cryptocurrency crash  New York Post
  
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• Cryptocurrency market is ‘most mature’ in these 2 countries, new Huobi report reveals - Cointelegraph

  08-12-2022 16:29 via news.google.com
  Cryptocurrency market is ‘most mature’ in these 2 countries, new Huobi report reveals  Cointelegraph
  
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• Bitcoin takes liquidity near $17K as US dollar shows weakness pre-CPI

  08-12-2022 16:27 via cointelegraph.com
  BTC price action targets $17,000 amid gently increasing volatility, with a week to go until U.S. inflation data.
  
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• DeFiChain’s Grand Central hard fork goes live

  08-12-2022 16:16 via coinjournal.net
  DeFiChain has launched one of its most monumental upgrades, the Grand Central hard fork, which brings on-chain governance as well as a new token consortium framework to DeFiChain.
  KEY TAKEAWAYSDeFiChain is the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications to everyone.
  The Grand Central hard fork went live on Block Height 2,479,000.
  The hard fork introduces on-chain governance among other features.DeFiChain officially activated
  
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• Elizabeth Warren wants regulators to investigate bank ties to cryptocurrency - Fox Business

  08-12-2022 16:06 via news.google.com
  Elizabeth Warren wants regulators to investigate bank ties to cryptocurrency  Fox Business
  
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• How do crypto hardware wallet firms make money?

  08-12-2022 16:03 via cointelegraph.com
  All the companies that are involved in producing hardware crypto wallets have multiple revenue streams, either directly or indirectly.
  
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• Newlyweds lose funds in FTX exchange a day after their wedding

  08-12-2022 16:00 via cointelegraph.com
  “We could not sleep properly for a few days,” said Jaime Zulueta, as he told Cointelegraph the story of how he and his wife dealt with losing their funds at FTX.
  
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• Many Koinly staff point to poor communication, CEO in global layoffs

  08-12-2022 16:00 via cointelegraph.com
  Uncertainty and a lack of communication were among the complaints of Koinly employees laid off in recent months before the company made an official announcement.
  
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• Inside South Korea’s wild plan to dominate the metaverse

  08-12-2022 15:45 via cointelegraph.com
  
  South Koreans are obsessed with technology. More than half the population plays video games, and crypto adoption is high — both of which are very promising signs that its plan to dominate the Metaverse will succeed.
  
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• What are crypto payment gateways and how do they work?

  08-12-2022 15:31 via cointelegraph.com
  Cryptocurrency payment gateways are digital currency payment processors that allow merchants to offer cryptocurrencies as a payment method.
  
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• Unbanked launches cryptocurrency card programATM Marketplace - ATM Marketplace

  08-12-2022 15:00 via news.google.com
  Unbanked launches cryptocurrency card programATM Marketplace  ATM Marketplace
  
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• Binance CEO, Coinbase exec feature in Masterclass crypto crash-course

  08-12-2022 15:00 via cointelegraph.com
  Industry experts and one skeptical economist tackle the world of crypto, blockchain and Web3 in a new series from online learning platform Masterclass.
  
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• XRP Price Bucks Market Trend As Whales Move 161 Million Tokens

  08-12-2022 14:49 via newsbtc.com
  The XRP price is currently bucking the general market trend and is recording a small gain of around 2% over the last 24 hours. What is noticeable are massive movements by whales over the past few hours.
  The cryptocurrency market is on shaky ground given the macroeconomic headwinds and the still not fully digested shock from the FTX collapse.
  However, XRP investors don’t seem to care at the moment. On the other hand, data suggests that possibly whales have played their part in this developm
  
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• Wemix delisting saga continues at South Korean court

  08-12-2022 14:39 via cointelegraph.com
  Microsoft-backed video game developer Wemade plans to further continue the legal battle against South Korea's largest crypto exchanges.
  
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• Solana Price Falls Below $14 – Does This Signal A Gloomy Week For SOL?

  08-12-2022 14:20 via newsbtc.com
  In the previous month, Solana (SOL) has failed to make progress as the token fell victim to the market contagion brought about by the collapse of crypto exchange FTX.
  As of this writing, all time horizon indicators for Solana’s native token SOL are red.Since succumbing to market contagion, Solana has continued to bleed
  Using bearish metrics and technical indicators, we may anticipate a more negative outlook.The token and ecosystem of SOL are not looking good according to other indicators.
  
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• Data Suggests Ethereum Layer-2 Tokens May Experience Explosive Upside

  08-12-2022 14:14 via newsbtc.com
  While the Ethereum network and its users continue to suffer from the high fees of the layer-1 blockchain, various layer-2 (L2) solutions are stepping into the spotlight to solve the problem.
  As analyst Miles Deutscher explained, citing data from Dune Analytics, layer-2 scaling solutions saw monumental growth in 2022. “I expect this trend to continue in 2023 and beyond,” Deutscher commented.
  Ethereum gas spent to settle L2 transactions. Source: Twitter
  Blockchain analytics firm Nansen
  
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• ‘Wolf Of Wall Street’ Advises Crypto Investors To Hang On To Bitcoin And Ethereum

  08-12-2022 14:07 via newsbtc.com
  The year 2022 has been a very rough one for Bitcoin and the general crypto market. In the initial 11 months of the year, BTC declined by about 65%. Then, when it appeared that BTC gained stability at the $20K price mark, the FTX contagion broke out.
  The adverse event has brought the leading coin, Bitcoin, down by around 75% from its peak price of $68,789. BTC currently trades at $16,823.
  Bitcoin shows a decline on the chart l BTCUSDT on Tradingview.com
  Notwithstanding, Bitcoin is still more prom
  
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• Cryptocurrency market is 'most mature' in these 2 countries, new Huobi report reveals

  08-12-2022 13:45 via cointelegraph.com
  The United States and Vietnam score the best on "crypto maturity" in 2022, a new report determines.
  
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