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Chainlink price analysis: LINK rose above $5.50 and may break through $8 resistance if it breaks out of that level
Chainlink price analysis shows that the coin has recorded a 9 percent increase in value over the past 24 hours and is currently trading at $6.09. The digital asset is following an ascending parallel channel on the 4-hour chart and is nearing the upper boundary of this pattern, which could act as resistance around $8....
2022-05-19 23:05:43
Do Kwon Dissolved Terraform Labs Korea Days Before Collapse of Terra LUNA, UST
Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST). Do Kwon Shut Down Terraform Labs Korea Before UST and LUNA Fallout Terraform Labs founder Do Kwon reportedly closed down his company in Korea days before […]
2022-05-19 23:05:14
Zcash [ZEC]: Breaking down the potential effects of the current bearish structure
As the basis line (green) of the Bollinger Bands (BB) constricted the revival attempts for nearly seven weeks, Zcash [ZEC] bears pulled the altcoin down to yearly lows last week. The basis line has crippled the buyers’ ability to sustain a close near the upper band of the BB. With the current rising wedge setup […]
2022-05-19 23:05:06
Ripple price analysis: XRP/USD set to break higher in the next 24 hours
Ripple price analysis  is bullish today as buyers step in to defend the $0.33 level after a short-term dip overnight. The XRP/USD pair is currently trading at $0.3375, having found support at the $0.33 level overnight. Ripple price analysis shows that the XRP/USD pair is now back above the $0.33 level and is also back...
2022-05-19 23:05:19
Indian Crypto Industry Reps Call for Reduction in Certain Taxation Rules
Local representatives of the crypto industry said 1% TDS is very high and can drive the traders away from the market and hurt volume.
2022-05-19 23:05:56
Filecoin price analysis: FIL/USD retests the $8.22 resistance after yesterday’s bearish engulfing
TL;DR Breakdown The Filecoin price analysis is bullish today. Filecoin has market found strong support at the $6.45 mark. It is struggling to break past the $8.22 resistance level. The market is bouncing back and forth between a range. Not a good time to make an entry due to the indecisiveness in the market. Based...
2022-05-19 23:05:17
UnicornDAO Raises $4.5 Million to Support Women and LGBTQ+ Artists
The DAO says its mission is to support marginalized artists and underrepresented groups in Web3.
2022-05-19 23:05:22
Shiba Inu Holdings Of Ethereum Whales Decline Almost 50%
Ethereum whales have always been among the top Shiba Inu supporters. They had collectively grown their SHIB holdings to more than $1 billion at one point. Mainly, these top 100 ETH wallets are bullish on the digital asset but it seems that this is about to change. It was noted recently that the holdings of […]
2022-05-19 23:05:35
More Stress For El Salvador As Bitcoin Dips To $29,000
El Salvador has been on the radar of leading financial and economic institutions since it made Bitcoin a legal tender. It has mainly become a spectacle as cryptocurrency supporters and non-supporters alike watch on to see how this plays out. El Salvador which had made good on its bitcoin promise had made multiple BTC purchases at close to the height of the market last year and some this year. The country now holds at least 2,300 BTC since it made its first purchase in September of 2021. Now that the price of Bitcoin is down significantly since the country had begun buying, how is this playing out for the North American country? El Salvador And Its Bitcoin El Salvador had bought another 500 BTC in May after the market had declined to $1.68 trillion. These bitcoins which were purchased at an average price of $30,774 had brought the country’s holdings to 2,301 BTC so far. It would be the lowest price that the country had been able to purchase the digital asset and given that this purchase was only a small part of its larger holdings, the country still remains in loss from its multiple purchases. Related Reading | Funding Rates Fall To Yearly Lows Following Bitcoin’s Fall Below $29,000 The first time El Salvador had bought some BTC in September, it had been trading above $44,000. What this means is that the digital asset is down about 45% since then. Its entire stash is now worth about $70 million at present prices. So even w...
2022-05-19 23:05:33
Freedom Protocol Has Become the Project With the Largest Amount of IDO in the Ecology of Binance Smart Chain
PRESS RELEASE. Binance is a curious company. the world’s largest cryptocurrency exchange, it also has no official headquarters and operates outside regulatory control. But that may not stop its step. Binance.US raised funding at a $4.5bn valuation this month, providing a new case for Binance enthusiasts. Today, they can share the exciting news that Freedom […]
2022-05-19 23:05:14
Ethereum Merge Coming in August 'If Everything Goes to Plan': Core Dev
If developers can complete the merge to proof of stake in August, they won't have to worry about defusing the "difficulty bomb" that is about to go off.
2022-05-19 22:05:44
Polymarket appoints former CFTC chief Giancarlo as chair of advisory board
Former Commodity Futures Trading Commission (CFTC) head and crypto advocate Christopher Giancarlo has taken a seat as the chairman of crypto prediction platform Polymarket’s advisory board. The platform utilizes smart contracts to enable betting on event outcomes through the USDC stablecoin. Polymarket has said these are “decentralized information markets,” which are used to reflect public […]
2022-05-19 22:05:03
Bitcoin ($BTC) Is Showing Signs of Reentering an Accumulation Range, Says Crypto Hedge Fund Co-Founder
The co-founder of cryptocurrency trading and venture capital firm Three Arrows Capital, Su Zhu, has revealed he sees some signs that Bitcoin ($BTC) is reentering an accumulation range after the cryptocurrency’s price fell for seven weeks in a row for the first time in its history. Per Su Zhu, the price of the flagship cryptocurrency […]
2022-05-19 22:05:00
Bitcoin Cash [BCH]: Could March 2020 levels be invalidated in weeks to come
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin Cash has a +0.99 price correlation with Bitcoin, which meant that the movement of Bitcoin Cash on the charts pretty much follows the movement of Bitcoin. This could be bad news for Bitcoin Cash […]
2022-05-19 22:05:41
Morality and Ethical Concerns of the Metaverse
The augmented and virtual reality (AR/VR) industry has transformed how we live and work and will continue to do so. This concept combines people’s physical and digital identities forming a “phygital world.” In the metaverse, people can create and recreate themselves many times. Unlike their physical bodies, their digital identities, avatars, will not be limited by social constructs. Brands can reach consumers in new and unprecedented ways through virtual worlds, immersive experiences, and Non-Fungible Tokens (NFTs). The metaverse promises a safe virtual utopia that fosters equality and allows people to express themselves. However, it remains plagued with ethical issues. Issues of Concern in The Metaverse Below are some of the concerns regarding morality and values in the metaverse that needs addressing. Privacy Issues The amount of personal data collected by companies running the metaverse is one of the main concerns about users’ privacy. Compared to social media platforms, the platforms can track users more intimately. Companies can monitor users’ physiological responses and other vital signs in real-time while the users are in the metaverse. This data gives advertisers a better understanding of their users’ behaviour and allows them to tailor their advertising campaigns in an incredibly targeted manner. Today, many consumers do not read every privacy policy. It is concerning that they are not paying attention to these polici...
2022-05-19 22:05:06
Wasabi Versus Samourai: TX0 Has Nothing To Do With It
The feud between bitcoin mixing services Wasabi and Samourai should not come down to the latter’s Transaction Zero feature.
2022-05-19 22:05:00
Big Terra Investor Mike Novogratz Finally Speaks Out On UST/LUNA Disastrous Fallout
After an uncharacteristic silence of over a week, Galaxy Digital founder and CEO Mike Novogratz has finally given his take on the devastating fall of LUNA and UST.
2022-05-19 22:05:20
Coinbase is launching an initiative to slash spending and grow revenue: The Information
After publicly announcing plans to slow hiring, tough market conditions have pushed crypto exchange Coinbase to look for ways to slash spending, according to emails obtained by The Information.
2022-05-19 22:05:35
Big Terra Investor Mike Novogratz Finally Speaks Out On UST/LUNA Disastrous Fallout
After an uncharacteristic silence of over a week, Galaxy Digital founder and CEO Mike Novogratz has finally given his take on the devastating fall of LUNA and UST.
2022-05-19 22:05:51
Bitcoin, Ethereum, Dogecoin and Two Additional Altcoins Are the Most Decentralized Crypto Assets: Coin Bureau
A popular crypto analyst is naming the top five most decentralized cryptocurrencies. In a new video, Coin Bureau host Guy tells his 2.05 million subscribers that Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC) and Monero (XMR) are the most decentralized cryptos. “There are five layers of decentralization in cryptocurrency: the developer layer, the coin […]The post Bitcoin, Ethereum, Dogecoin and Two Additional Altcoins Are the Most Decentralized Crypto Assets: Coin Bureau appeared first on The Daily Hodl.
2022-05-19 22:05:53
Here’s How the Collapse of TerraUSD Will Impact Stablecoins, According to Bloomberg Strategist Mike McGlone
Senior Bloomberg analyst Mike McGlone says algorithmic stablecoins relying on market growth may be done for the foreseeable future. In a new interview with Cointelegraph, the commodities strategist says that the recent collapse of Terra (LUNA) and its stablecoin TerraUSD (UST) taught the crypto community a lesson on the dangers of algorithmic stablecoins and helped […]The post Here’s How the Collapse of TerraUSD Will Impact Stablecoins, According to Bloomberg Strategist Mike McGlone appeared first on The Daily Hodl.
2022-05-19 22:05:31
Azra Games Raises $15 Million for Play-and-Earn RPG With NFTs
But the company hasn't yet decided which blockchain it will be building on.
2022-05-19 21:05:18
Chicago to let vaccinated teens mint NFTs of themselves as part of COVID-19 prevention effort
The effort rewards young people who have vaccinated themselves against COVID-19, who can then keep or sell their NFT on secondary markets.
2022-05-19 21:05:16
More Crypto Regulation: Thank The Federal Reserve
The cryptoasset revolution benefitted greatly from the largess of the Federal Reserve System as the Fed tossed trillions of dollars into the financial system.Now, the Fed is tightening up on monetary policy and the cryptoasset market is feeling the other side of the Fed's actions.As a consequence, cryptoassets are suffering, lots and lots of money is being lost and regulators are moving more and more in the direction of greater regulation for the crypto world.This may be the tipping point in the regulation of this industry: and with the Fed just tightening, we are nowhere near the end of the pain.Industries do need to be regulated, and so it is good not to wait too long before the regulatory environment is introduced: regulation should be encouraged, but incrementally.
2022-05-19 21:05:04
G7 financial officials call on Financial Stability Board to step up crypto regulation—report
Chaos on the crypto market in the wake of the Terra collapse caused a heightened sense of urgency among the ministers to continue regulatory process.
2022-05-19 21:05:00
SEC Chair Predicts Other Cryptocurrencies Will Mimic Terra’s Downfall and Harm Investors
US SEC's Chair thinks there might be more coins like LUNA that will collapse in the near future and harm crypto investors.
2022-05-19 21:05:22
Polkadot: Why DOT can be expected to lead the upcoming bull run
Polkadot’s native cryptocurrency DOT has so far managed to remain on the list of top 20 cryptocurrencies by market cap. The latest market events have forced investors to re-evaluate their portfolios in favor of digital currencies that have strong fundamentals, but does DOT fit these criteria? Polkadot’s multi-chain approach can provide better insights into whether […]
2022-05-19 21:05:44
Panama President Mulls Crypto Bill Approval Due to Money Laundering Concerns
The president of Panama, Laurentino Cortizo, has declared he will not sign the recently approved cryptocurrency bill passed by the National Assembly of the country in its current form. Cortizo stated that one of his main concerns about the bill is the stance it takes regarding money laundering activities and crypto. Cortizo may approve some […]
2022-05-19 21:05:41
Only Whales Benefit from Cryptocurrency Flaws – Terra Luna’s Case
Terra (LUNA) coin came tumbling down all the way from $120 to less than 1 dollar cent following a Soros-inspired attack that saw the conspirer take away more than $800 million. The attack took place through the accumulation of at least $1 billion of Terra Network’s algorithmic stablecoin, UST. Followed by borrowing at least $3 billion worth of Bitcoins. The attackers went on to spread a Fear, Uncertainty and Doubt about alleged bank runs and peg manipulations. Later on, the alleged attacker dumped the $3 Billion worth of BTC, which went on to trigger a worldwide panic across the crypto industry. Terra Luna’s Market Volatility LUNA’s meltdown pulled with it the majority of the cryptocurrencies, as BTC hit a 3-month low of $26K. Meanwhile, at its lowest figures, the market choppiness index for Terra coin was at its highest. Either falling by huge margins or increasing its price by 3000%+. The result has been a crypto-wide tension over the risk associated with algorithmic stablecoins such as the UST. However, another implication has been the realization that small-holder crypto traders suffer the biggest risk in case of market manipulation. There are others who claimed to have lost their life savings (about 98% of LUNA investors) during the debacle. Lost Life Savings According to this article that appeared in the Business Standard, several small-holders testified to losing their life savings; or money they were saving to buy a ho...
2022-05-19 21:05:23
Could Terra's Do Kwon Go to Prison?
Terra's collapse has triggered outrage and calls for repercussions. Should those involve criminal prosecution?
2022-05-19 21:05:45