Cryptocurrency news

• Cronos Labs launches second cohort of $100M Web3 accelerator

  26-05-2023 23:55 via cointelegraph.com
  
  On May 15, the chosen projects commenced the 12-week program after being granted seed funding of $30,000.
  
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• The Sandbox CEO’s Twitter was hacked, used to promote alleged ‘airdrop’ scam

  26-05-2023 23:50 via cointelegraph.com
  
  The executive appears to have now recovered his account.
  
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• ECB sums up digital euro prototyping exercise as it nears possible pilot launch

  26-05-2023 23:37 via cointelegraph.com
  
  The European Central Bank exercise looked at a variety of use cases, most of which were quite satisfactory, as well as the use of self-custodied wallets.
  
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• Bitcoin miner Canaan's net loss slightly improved in Q1 amid market turbulence

  26-05-2023 23:15 via cointelegraph.com
  
  Diluted net loss per American depositary share in Q1 2023 stood at $0.51 from $0.55 in the previous quarter.
  
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• Will This Political Deal In The US Save Bitcoin and Crypto?

  26-05-2023 23:00 via newsbtc.com
  
  Politicians in the United States will likely strike a deal and raise the government’s $31.4 trillion debt ceiling for two more years. Amid this debate, the price of Bitcoin is firm but lower, tracking below the psychological $30,000 level as bulls recover after posting sharp losses mid-this week.
  The Debt Ceiling Debate
  There are reports that there will be more discretionary spending on the military and veterans with the reduction of other sectors.Moreover, there are unconfirmed repor
  
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• A16z releases anonymous voting system for Ethereum

  26-05-2023 22:30 via cointelegraph.com
  
  The system uses “time-lock puzzles” to encrypt the contents of votes, making them unreadable until balloting has finished.
  
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• A week filled with exploits and uncertainty for DeFi: Finance Redefined

  26-05-2023 22:22 via cointelegraph.com
  
  DeFi saw another multimillion-dollar rug pull this past week, and the Multichain saga continues to spiral out of control.
  
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• I'm a Financial Advisor: Here's What I Think About Cryptocurrency - GOBankingRates

  26-05-2023 22:02
  I'm a Financial Advisor: Here's What I Think About Cryptocurrency  GOBankingRates
  
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• Arbitrum (ARB) Fallout: 70% Price Drop, But These Charts Reveal Its True Value

  26-05-2023 22:01 via newsbtc.com
  
  Arbitrum (ARB) has been making waves in the crypto world as it recently became the 4th largest ecosystem in the market. Despite experiencing a sharp decline of 70% since its airdrop, Arbitrum’s native token has continued to gain attention from investors, currently trading around $1.158, down from $1.1808 on April 18th.Arbitrum Defies The Odds
  According to the Decentralized Finance (DeFi) researcher Deebs, Arbitrum has emerged as a major player in the crypto market, with its Total Value Loc
  
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• Neuralink gets FDA approval for ‘in-human’ trials of its brain-computer interface

  26-05-2023 21:33 via cointelegraph.com
  
  The Neuralink device is designed to be surgically implanted and, according to CEO Elon Musk, will eventually be marked to the general public.
  
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• Why have Bitcoin and crypto lost 60% of their market cap since their all-time highs?

  26-05-2023 21:30 via cointelegraph.com
  
  Cointelegraph analyst and writer Marcel Pechman explains why the cryptocurrency market has lost 60% of its market cap, with the S&P 500 only about 15% from its all-time high.
  
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• Bitcoin supply in loss at 68% after BTC price drop from $31k local top

  26-05-2023 21:25 via coinjournal.net
  
  Bitcoin supply in loss has risen to 68%, with 6.67 million BTC under water water at current spot price.
  Indeed, on-chain data shows 2.71 million BTC has fallen into loss as Bitcoin price dropped from the $31k local top.
  With sell-side risk ratio approaching its all-time lows, Glassnode analyst James Check says BTC could see a big move to either side.Bitcoin’s price has dropped about 14.6% since rejecting at the local top of $30.9k, and the result has been a sharp rise in the total amount
  
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• Why This Signal Means Uniswap’s Bear Run Is Almost Over

  26-05-2023 21:00 via newsbtc.com
  
  The price of Uniswap, the largest decentralized exchange by trading volume, is down roughly 35% from Q1 2023 peaks. Even so, on-chain data from Etherscan shows that there has been a steady increase in the number of UNI holders in the past two days.
  As of May 13, there were 369,646 UNI holders. Since then, the number has increased to over 370,100 as of May 26. During this time, UNI prices have remained stable but relatively high.Based on the UNIUSDT chart, the prices have found support aroun
  
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• Atlanta Fed explains Web3 finance, including XRP ‘international payment medium’

  26-05-2023 20:46 via cointelegraph.com
  
  The highly accessible introductory text mentions all the concepts and names a curious reader would need, along with some assessments.
  
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• Unlocking Cryptocurrency: Commercial Court Facilitates Recovery ... - JD Supra

  26-05-2023 20:39
  
  Unlocking Cryptocurrency: Commercial Court Facilitates Recovery ...  JD Supra
  
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• Striving for the Impossible: Reasonable Crypto Debate

  26-05-2023 20:20
  
  Debates in crypto are increasingly polarized and politicized, as a recent CoinDesk story about a controversial mining plant in New York shows.
  
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• UnionBank, PDAX to offer cryptocurrency payment services - INQUIRER.net

  26-05-2023 20:18
  UnionBank, PDAX to offer cryptocurrency payment services  INQUIRER.net
  
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• Price analysis 5/26: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

  26-05-2023 19:52 via cointelegraph.com
  
  The recovery in the U.S. stock market seems to have acted as a catalyst for the relief rally in Bitcoin and select altcoins.
  
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• How to Buy and Sell Dai on Cryptocurrency Exchanges - noho arts district

  26-05-2023 19:50
  
  How to Buy and Sell Dai on Cryptocurrency Exchanges  noho arts district
  
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• Toncoin (TON) Continues Downward Trend As Bears Maintain Control

  26-05-2023 19:30 via newsbtc.com
  
  Toncoin (TON) has experienced a negative price decline, resulting in a bearish sentiment among investors of the altcoin. TON has been exhibiting a bearish strength on a monthly timeframe, based on data from CoinMarketCap. 
  Within the last 30-Day trading session, the asset is down by 15,67%, indicating a high bearish strength with low buying pressure.As of the time of writing, the asset is experiencing a decline in value, as it’s down today by 2.76%. This downward trend has resulted in
  
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• Twitter’s $42K API access plan could harm crypto research

  26-05-2023 19:13 via cointelegraph.com
  
  Twitter emailed researchers to let them know they’ll either have to delete their data or pay $42,000 to keep using the platform's API.
  
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• DigiToads Is the Heralded Dark Horse in Cryptocurrency Ready to ... - The Coin Republic

  26-05-2023 19:00
  
  DigiToads Is the Heralded Dark Horse in Cryptocurrency Ready to ...  The Coin Republic
  
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• Binance, Other Crypto Players Shun Multichain as Bridging Rumors Swirl

  26-05-2023 18:56
  
  The crypto bridging service Multichain is coming under the microscope from Binance and other important outposts.
  
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• Waluuta token listing on P2B cryptocurrency CEX - Cointelegraph

  26-05-2023 18:41
  Waluuta token listing on P2B cryptocurrency CEX  Cointelegraph
  
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• JPMorgan Predicts Bitcoin (BTC) To Revisit $45,000, Here’s Why

  26-05-2023 18:20 via newsbtc.com
  
  In a recent note, JPMorgan strategists have made a prediction, suggesting that Bitcoin (BTC) could soar and revisit its former trading price of $45,000 due to the rising price of gold. This prediction comes amid Bitcoin’s price action of a blend of bulls and bears in the past week.
  Meanwhile, over the past 24 hours, BTC has seen a 2.1% gain with a current trading price above $26,000. The current surge comes after Bitcoin previously fall that dropped its price below its previously ranging m
  
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• Nike Trips Up .SWOOSH Launch While Bitcoin NFTs Soar

  26-05-2023 18:05
  
  Nike’s .SWOOSH NFT drop was filled with missteps, while a Bitcoin NFT collection topped the charts and NFT lending is gaining momentum with Binance and Astaria entering the market.
  
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• Stablecoin Issuer Lybra Finance Nears $100M in TVL

  26-05-2023 17:54
  
  Lybra Finance was launched last month and uses liquid staking derivatives to offer an interesting-bearing stablecoin.
  
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• Bitcoin nears $27K despite 'hot' PCE data sparking June rate hike bets

  26-05-2023 17:52 via cointelegraph.com
  
  Bitcoin decides that bad news is not bad enough as upside volatility accompanies proof that U.S. inflation remains sticky.
  
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• My Neighbor Alice and ELLE: a Groundbreaking Collaboration for an Unprecedented Web3 Gaming Experience

  26-05-2023 17:28 via coinjournal.net
  
  STOCKHOLM-– MAY 25, 2023 – In a landmark partnership, My Neighbor Alice (MNA) has teamed up with the iconic brand ELLE to create a unique and immersive gaming experience that showcases the best of both worlds. This collaboration is set to demonstrate MNA’s ability to integrate brands successfully into its gaming universe in preparation for more partnerships in the future.
  This collaboration aims to merge the distinct brand values of My Neighbor Alice and ELLE, providi
  
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• Shiba Inu Whale Accumulates 261 Billion Shib Tokens In Just Three Days

  26-05-2023 17:15 via newsbtc.com
  
  A top SHIB whale added $1.18 million worth of Shiba Inu within 24 hours. Data from Etherscan.io reveals that this whale ranked as the nineteenth largest SHIB holder accumulating 140 Billion SHIB.
  The whale acquired the SHIB tokens in two separate transactions marking its second massive accumulation within 72 hours.
  SHIB Token Burns And Shibarium Launch Likely Behind Accumulation
  Shiba Inu network and users engaged in massive SHIB burn events in 2023. The burning mechanism aims to reduce excess t
  
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• MCADE price prediction ahead of the Metacade Lite launch

  26-05-2023 16:42 via coinjournal.net
  
  The Metacade community is only counting days to the launch of the much anticipated Metacade Lite.
  MCADE price has started responding to the hype on the upcoming Metacade Lite launch.
  At press time, MCADE was trading at $0.02229, up 5.44% in the last 24 hours.Metacade is gearing up for releasing its Metacade Lite version to the public soon, details of which can be confirmed in the recent AMA held on 24 May 2023.
  As the CEO of Metacade embarks on AMAs to explain the current status of the project,
  
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• Gulf Binance Clinches Thai Regulatory Approval

  26-05-2023 16:41
  
  The joint venture between Gulf Innova and Binance aims to offer crypto services in the country starting later this year.
  
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• GamStop & Crypto: fostering responsible gambling for a sustainable ecosystem

  26-05-2023 16:11 via coinjournal.net
  
  GamStop was created in the United Kingdom to help gamblers get free help when they need it.
  A lot of gamblers gambling at casino sites not on GamStop in the UK are using crypto.
  Besides GamStop, there are other responsible gambling tools like GamBan and BetBlocker.Crypto gambling is slowly immerging as a new trend. Almost 420 million people in the world use cryptocurrency and many of them love to gamble, meaning many of them would prefer crypto gambling. 
  However, crypto gamblers need to p
  
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• French government revises strict rules on influencer marketing for ... - Cryptopolitan

  26-05-2023 16:06
  
  French government revises strict rules on influencer marketing for ...  Cryptopolitan
  
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• Bitcoin Exchange Inflows Mostly Coming From Loss Holders, Weak Hands Exiting?

  26-05-2023 15:59 via newsbtc.com
  
  On-chain data suggests a majority of the Bitcoin exchange inflows are currently coming from investors holding their coins at a loss.
  Bitcoin Exchange Inflow Volume Is Tending Towards Losses Right Now
  According to data from the on-chain analytics firm Glassnode, the short-term holders are mostly contributing to these loss inflows. The “exchange inflow” is an indicator that measures the total amount of Bitcoin that’s currently flowing into the wallets of centralized exchanges.
  Ge
  
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• Avalanche’s AVAX Token Remains Flat Ahead of its $130 Million Token Unlock

  26-05-2023 15:53
  
  More than 9.3 million tokens will be unlocked Sunday, representing 1.2% of AXAX’s total supply.
  
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• The CryptoCloud Team has Developed a Universal Solution for Accepting Cryptocurrency Payments for Any Business - Yahoo Finance

  26-05-2023 15:25
  The CryptoCloud Team has Developed a Universal Solution for Accepting Cryptocurrency Payments for Any Business  Yahoo Finance
  
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• Memecoins: From memes to multibillion-dollar pumps, scams and rug pulls

  26-05-2023 15:01 via cointelegraph.com
  Memecoins have come a long way from the early days of being joke cryptocurrencies.
  
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• Fortune favors the brand: Why crypto marketing fails to live up to hype

  26-05-2023 15:00 via cointelegraph.com
  Your brand establishes a bond. Without that bond, your customer base will simply erode more easily.
  
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• Stablecoins Are the 'Glue' Between the Real Economy and Blockchain: Binance Japan General Manager

  26-05-2023 14:53
  
  Tsuyoshi Chino added that Binance J.apan may be still "a long way off" its business and activities being properly understood in gaining regulatory acceptance
  
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• Altcoins Across The Sector Are Underbought: Santiment

  26-05-2023 14:29 via newsbtc.com
  
  On-chain data from Santiment suggests that altcoins across the entire cryptocurrency sector may be underbought right now.
  MVRV Of The Various Altcoins Suggests Underpriced Conditions
  According to data from the on-chain analytics firm Santiment, cryptocurrency assets have become underbought as traders are now capitulating following a failed price rebound.
  The relevant indicator here is the “MVRV” (Market Value to Realized Value), which measures the ratio between the market cap and the
  
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• Binance and Gulf Innova to launch crypto exchange in Thailand in Q4 2023

  26-05-2023 14:05 via cointelegraph.com
  Binance and its Thai partner Gulf Innova have secured digital asset operator licenses in Thailand to launch a new crypto exchange.
  
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• First Mover Americas: Digital Currency Group is Closing Down TradeBlock

  26-05-2023 14:00
  
  The latest price moves in bitcoin (BTC) and crypto markets in context for May 26, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
  
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• EU regulator urges crypto firms to disclose regulatory status of products

  26-05-2023 13:54 via cointelegraph.com
  ESMA reminded investment firms that crypto will remain unregulated in most jurisdictions despite the upcoming adoption of regulations.
  
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• Huobi Launches Cryptocurrency Trading Services in Hong Kong - AlexaBlockchain

  26-05-2023 13:14
  Huobi Launches Cryptocurrency Trading Services in Hong Kong  AlexaBlockchain
  
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• Introducing YoMix.io: The Unparalleled Solution for Swift and ... - AccessWire

  26-05-2023 13:02
  
  Introducing YoMix.io: The Unparalleled Solution for Swift and ...  AccessWire
  
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• F1 Ticket Provider Platinum Group Introduces NFT Tickets for Global Racing Event

  26-05-2023 13:00
  
  The NFTs, debuting this weekend at the Monaco Grand Prix, offer collectors access to the race as well as a host of loyalty benefits.
  
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• Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’

  26-05-2023 13:00
  
  The mining firm, which has been embroiled in several legal battles, describes an elaborate fraud scheme for a $150 million contract.
  
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• 5 Best Free Cryptocurrency Cloud Mining Sites – Daily Passive ... - Analytics Insight

  26-05-2023 12:32
  
  5 Best Free Cryptocurrency Cloud Mining Sites – Daily Passive ...  Analytics Insight
  
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• South Korea Passes Law Requiring Disclosure of Cryptocurrency Holdings by Officials - ZyCrypto

  26-05-2023 12:29
  South Korea Passes Law Requiring Disclosure of Cryptocurrency Holdings by Officials  ZyCrypto
  
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