Cryptocurrency news

• How is Cryptocurrency Taxation Managed Effectively in Japan ... - Cryptopolitan

  24-05-2023 23:35
  
  How is Cryptocurrency Taxation Managed Effectively in Japan ...  Cryptopolitan
  
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• How to Balance the Benefits With the Drawbacks of Cryptocurrency ... - Cryptopolitan

  24-05-2023 23:32
  
  How to Balance the Benefits With the Drawbacks of Cryptocurrency ...  Cryptopolitan
  
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• Excavating the Truth Around the Bitcoin Mining Discourse

  24-05-2023 23:28
  
  Last year, a group of CoinDesk reporters traveled to Seneca Lake to examine the effect Greenidge Generation – a resurrected power plant that now mines bitcoin – had on the surrounding communities. Though we expected to hear locals say they disliked the plant and its continued operation, we found the opposite.
  
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• The Bitcoin Rollercoaster: Why Every Upward Move Is Followed By A Steep Drop?

  24-05-2023 23:20 via newsbtc.com
  
  Bitcoin (BTC) has failed to hold onto gains over the past few weeks, giving back nearly all price increases shortly after they are made. According to crypto analyst and trader Daan Foppen, this phenomenon can be attributed to the outsized influence of futures markets on Bitcoin’s price action.
  Foppen notes that Bitcoin’s spot market, where investors buy and sell actual BTC, has been mainly selling recently, as evidenced by the downtrend in spot market prices. In contrast, moves upwar
  
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• Bitcoin’s Doldrums Below $26.5K Endure as Investors Weigh Debt Ceiling Stalemate, Latest FOMC Minutes

  24-05-2023 23:14
  
  The largest cryptocurrency by market capitalization sank below $26.2K early Wednesday after disappointing U.K. inflation data.
  
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• Gate Group launches new virtual asset trading platform in Hong Kong

  24-05-2023 23:00 via cointelegraph.com
  As of May 23, users can deposit and withdraw virtual assets and participate in spot trading activities.
  
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• ZA Bank plans digital asset retail trading in Hong Kong under new guidelines

  24-05-2023 22:30 via cointelegraph.com
  The bank announced its plans, part of its diversification strategy, the day after Hong Kong released its new guidelines.
  
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• Shaquille O’Neal Hit With Another Lawsuit Relating To Cryptocurrency Allegations - Yahoo News

  24-05-2023 22:29
  
  Shaquille O’Neal Hit With Another Lawsuit Relating To Cryptocurrency Allegations  Yahoo News
  
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• Bitcoin price hangs in the balance — Friday’s $2.26B BTC options could result in more downside

  24-05-2023 22:20 via cointelegraph.com
  Bitcoin bears benefit from the current macroeconomic uncertainty and are aiming for a $270 million profit if the BTC price falls below $25,000.
  
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• Down But Not Out: The One Line Bitcoin Must Hold To Be Bullish

  24-05-2023 22:11 via newsbtc.com
  
  Bitcoin price is falling, testing the low $26,000 area of support after weeks of painful, sideways consolidation.
  While the horizontal support line is clearly important, it’s nowhere near as critical as another line that BTCUSD absolutely must hold to remain bullish.
  Drawing Trend Lines In Bitcoin Technical Analysis
  In the practice of technical analysis, drawing trend lines is among the first basic steps anyone will take. Simply connect the line across various points on the chart to highli
  
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• Crypto Execs Give Washington Influence Another Go With FTX Anchor Around Necks

  24-05-2023 22:08
  
  When Washington, D.C. lawmakers tune into their favorite Sunday morning political shows this week, they’ll also get a dose of crypto messaging, thanks to a Coinbase (COIN) campaign that’s part of the next stage in the industry’s attempt to influence U.S. policy.
  
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• Crypto Market Alert: Tether Market Cap Fuel Hopes For Major Rally

  24-05-2023 22:04 via newsbtc.com
  
  Despite lackluster trade volume and price movements in the cryptocurrency market, Tether’s market cap is rising, nearing its all-time high of $82.9 billion. Tether, also known as USDT, is a stablecoin pegged to the U.S. dollar, making its value more stable than other cryptocurrencies.USDT’s Explosive Growth
  The question remains: why is Tether’s market cap increasing despite the lack of strong movements in the cryptocurrency market? 
  According to the research firm Kaiko, on
  
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• Coinbase's Base network publishes 'path to mainnet' outlining roadmap

  24-05-2023 22:04 via cointelegraph.com
  The testnet must perform the Bedrock upgrade and go through audits and stability tests before mainnet launch.
  
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• New York Proposes Greater Regulation and Enforcement of ... - JD Supra

  24-05-2023 21:49
  
  New York Proposes Greater Regulation and Enforcement of ...  JD Supra
  
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• Trial underway in $9 million cryptocurrency theft case - FOX 31 Denver

  24-05-2023 21:34
  Trial underway in $9 million cryptocurrency theft case  FOX 31 Denver
  
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• Jump Crypto finds double-voting vulnerability in Celer’s SGN

  24-05-2023 21:30 via cointelegraph.com
  The bug would have allowed malicious validators to compromise the network and applications that rely on it, including Celer’s cBridge.
  
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• Tensions Rise Between SushiSwap, Lido Over Return of Exploited Funds

  24-05-2023 21:27
  
  Two decentralized finance projects are butting heads over a governance proposal that could see the recovery of 40 ETH stolen in Sushiswap's April hack.
  
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• What Is Cryptocurrency? Your Guide - GOBankingRates

  24-05-2023 21:15
  
  What Is Cryptocurrency? Your Guide  GOBankingRates
  
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• What Is Cryptocurrency and How Does It Work? Your Guide - Nasdaq

  24-05-2023 21:08
  
  What Is Cryptocurrency and How Does It Work? Your Guide  Nasdaq
  
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• ChatGPT creator signs up for eyeball-scanning cryptocurrency - Yahoo News

  24-05-2023 21:04
  ChatGPT creator signs up for eyeball-scanning cryptocurrency  Yahoo News
  
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• Influencer served settlement demand via NFT: Nifty Newsletter, May 17–23

  24-05-2023 21:00 via cointelegraph.com
  Data shows that the Bitcoin network has become the second-largest NFT chain by sales volume in the 30-day, 7-day and 24-hour metrics.
  
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• China Central Television airs crypto segment in rare move

  24-05-2023 20:41 via cointelegraph.com
  CCTV programming has an audience of over 1 billion within Mainland China.
  
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• Price analysis 5/24: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

  24-05-2023 20:22 via cointelegraph.com
  Bitcoin and altcoin prices continue to slump, but potential progress on the debt ceiling discussion could possibly produce a price reversal.
  
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• Bitcoin Sell-Side Risk Ratio Nears All-Time Lows, Big Move Soon?

  24-05-2023 20:03 via newsbtc.com
  
  On-chain data shows the Bitcoin sell-side risk ratio has approached all-time lows recently, a sign that a big move could be coming for the coin.
  Bitcoin Sell-Side Risk Ratio Has Observed A Plunge Recently
  As pointed out by the lead on-chain analyst at Glassnode in a Tweet, BTC sellers may have become exhausted recently. The “sell-side risk ratio” is an indicator that measures the ratio between the sum of all profits and losses being realized in the Bitcoin market and the realized cap
  
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• Cathie Wood Thinks the U.S. Crypto Exodus Is Here. Is It?

  24-05-2023 19:27
  
  Strike, Coinbase and others have intimated they may leave the United States due to regulatory pressure. But those may be empty threats.
  
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• Bail revoked for Do Kwon after prosecutors in Montenegro appeal: Report

  24-05-2023 19:21 via cointelegraph.com
  Kwon and former chief financial officer Han Chong-joon reportedly lived in Serbia before they were caught trying to leave neighboring Montenegro using false documents.
  
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• Ledger Recover Fiasco Exposes Gap Between Blockchain Ideals and Technical Reality

  24-05-2023 19:19
  
  After a video went viral of what appears to be a hardware wallet getting smashed with a hammer and then blow-torched into a charred mass, Ledger (and all of the crypto industry) got a searing reminder on the importance of managing expectations.
  
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• Bitcoin’s Declining Correlation With Stocks Revives Its Appeal for Investors: K33 Research

  24-05-2023 19:08
  
  The correlation of BTC’s price with the NASDAQ index has fallen to 17-month lows, making the asset attractive again for portfolio diversification, crypto research firm K33 noted.
  
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• Ledger's PR Struggle Reveals Uncomfortable Trade-Offs for Crypto Storage

  24-05-2023 19:03
  
  Hardware wallet maker said full open sourcing is not an option as it needs to protect the security of its chip design.
  
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• Web3-Friendly Browser Brave Introduces NFT-Gated Video Calls

  24-05-2023 18:50
  
  The new tool for its Brave Talk video service allows hosts to use NFTs and POAPS to manage access to calls.
  
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• Montenegro High Court Says No Bail for Terra's Do Kwon in Fake Passport Case: Bloomberg

  24-05-2023 18:42
  
  Prosecution appealed a previous decision by a lower court in the country to let the disgraced founder go free while he faced trial.
  
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• USDT’s total supply nears all-time high: will cryptos like Metacade rally higher?

  24-05-2023 18:41 via coinjournal.net
  
  Key takeaways
  USDT’s total market cap is close to its all-time high of $84.1 billion.
  Tether’s recovery could see the broader crypto market embark on a rally again.
  Metacade could be one of the biggest winners thanks to the project’s huge potential. 
  The cryptocurrency market has been in a bearish cycle since 2021, with the prices of most coins and tokens down by more than 50% from their all-time highs. 
  However, the market sentiment has improved this year, with Bitco
  
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• Bitcoin Payments Firm Strike’s Headquarters to Stay in U.S., Despite New El Salvador Office

  24-05-2023 18:38
  
  The company established a headquarters in El Salvador for its global entity as it expanded its app to more than 65 countries last week.
  
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• Ethereum Staking Hits Over $40 Billion After Shanghai Upgrade: What It Means For ETH

  24-05-2023 18:30 via newsbtc.com
  
  The Ethereum (ETH) network has reached a significant milestone following the highly-anticipated Shanghai upgrade, as staking activity soars to new heights.According to crypto analytics platform Cryptorank, the Ethereum deposit contract balance has exceeded $40 billion, with users depositing over 4.4 million ETH since April 12 (the date of the Shanghai upgrade launch).
  This surge in staking activity marks a pivotal moment for ETH and its transition to a proof-of-stake (PoS) consensus algorithm.
  S
  
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• Crypto’s Quirky Automated Market Makers and How They Differ From TradFi Exchanges

  24-05-2023 18:00
  
  Crypto exchanges have order books just like the NYSE, but the digital asset realm also offers something very different known as automated market makers (AMMs).
  
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• AI Can Generate a Trading Edge in Crypto Markets

  24-05-2023 18:00
  
  Large language models like ChatGPT could supercharge sentiment analysis, a key aspect of trading.
  
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• Ripple acquires Pantera's stake in Bitstamp

  24-05-2023 17:54 via cointelegraph.com
  Pantera Capital was the largest shareholder in Bitstamp, along with its CEO Dan Morehead, jointly owning 10% of the company.
  
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• Bitfinex and Chile’s OrionX partner to accelerate crypto adoption in Latin America

  24-05-2023 17:47 via coinjournal.net
  
  Key takeaways
  Bitfinex has entered a strategic partnership with OrionX.
  The two companies will work towards accelerating cryptocurrency adoption in Latin America.
  OrionX is expanding its services to Mexico, Peru, and Colombia. 
  Bitfinex announces a strategic partnership with OrionX
  Bitfinex, a state-of-the-art digital asset trading platform, announced on Wednesday, May 24th, that it has partnered with the leading Chilean crypto firm Orionx.
  According to the press release shared with Coinjou
  
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• Crypto Security Firm Unciphered Claims Ability to Physically Hack Trezor T Wallet

  24-05-2023 17:39
  
  Unciphered, a company of cybersecurity professionals who recover lost cryptocurrency, says it found a way to physically hack into the Trezor T hardware wallet. Trezor says it acknowledged a similar-sounding attack vector a few years ago.
  
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• All you need to know about the new cryptocurrency phishing service, ‘Inferno Drainer’ - CNBCTV18

  24-05-2023 17:37
  All you need to know about the new cryptocurrency phishing service, ‘Inferno Drainer’  CNBCTV18
  
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• Fantom Foundation Removes $2.4M MULTI from SushiSwap Liquidity Pool

  24-05-2023 17:32
  
  The Fantom Foundation – the team developing the Fantom blockchain – removed millions of dollars in liquidity from a trading pool for the native token of Multichain on Wednesday, compounding concerns over the cross-chain bridging protocol’s stability.
  
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• Polkadot (DOT) Bulls Retreat As Bears Drag The Price Down

  24-05-2023 17:30 via newsbtc.com
  
  Polkadot (DOT) is in the red today as the bears seek to regain control over its price. DOT traded at $4.37 on January 1, 2023, and increased to $5.13 on January 11.  
  It remained within this range before moving to $6.23 on January 20. Also, DOT increased to the $7 price level on February 17 as the bulls seized control of its price.
  However, a gradual bearish turn between March and April forced it back to $5, where it currently trades today. 
  Polkadot Price Prediction Today Are The
  
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• Multichain token plunges 30% on backend upgrade delay

  24-05-2023 17:25 via cointelegraph.com
  The MULTI protocol's TVL remains largely unchanged at $1.6 billion despite a large selloff in the token price.
  
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• Black Market for Worldcoin Credentials Pops Up in China

  24-05-2023 17:24
  
  The startup looking to create a global blockchain-based identification system using iris scans is getting duped by Chinese users.
  
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• Omnibolt and Lightning Network: unlocking the future of cryptocurrency transactions - CryptoSlate

  24-05-2023 17:12
  Omnibolt and Lightning Network: unlocking the future of cryptocurrency transactions  CryptoSlate
  
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• Tulipart.com Launches A Collection of Tulip NFTs Minted Daily over 7 Years

  24-05-2023 17:05 via coinjournal.net
  
  Zug, Switzerland, May 24th, 2023, Chainwire
  Tulipart.com is a collection of 10,000 unique tulip NFTs. Over a period of 7 years, 4 Tulip NFTs will be minted every day until the goal of 10,000 is reached. Each Tulip NFT consists of six different components, which range from common to exclusive, making them more or less rare.
  New Tulip NFTs aren’t available for direct purchase; they are solely distributed to $LAND token holders via a lottery system. Participation involves holding and staking
  
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• AI Project TradeGDT soars in popularity, hits 10% of Bybit Derivatives Trading Volume in 4 Hours

  24-05-2023 17:01 via coinjournal.net
  
  Singapore, Singapore, May 23rd, 2023, Chainwire
  Generative AI can create new content, such as images, videos, and text. With the help of deep learning algorithms like GANs (Generative Adversarial Networks), researchers are developing AI models that can generate realistic and original content. ChatGPT (Generative Pre-train Transformer) has elevated the AI trend and broadened the vision of people toward AI, the conversation with ChatGPT is as human-like as it can be.
  Trading has been one of the ce
  
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• Bitcoin dips 5% to key support in 'moment of truth' for crypto market

  24-05-2023 17:00 via cointelegraph.com
  
  Both BTC price and the total crypto market cap line up a retest of the 200-week moving average — a key bear market support line.
  
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• 0x Releases Latest Version of DEX Aggregator Matcha

  24-05-2023 17:00
  
  Exchange infrastructure provider 0x released Wednesday its newest iteration of Matcha, a decentralized exchange (DEX) aggregator, which incorporates several features focused on enhancing the trading experience for users.
  
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• Bitfinex Invests in Chilean Crypto Exchange OrionX to Expand Presence in Latin America

  24-05-2023 16:54
  
  Orionx plans to expand into Mexico, Peru and Colombia by 2024.
  
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