Cryptocoins News / The Cointelegraph - 1 year ago
The China state-owned media outlet the Economic Daily has signaled that the Chinese government may introduce even tighter regulations on cryptocurrencies and stablecoins due to the collapse of the Terra ecosystem.In an article published May 31, the o...
Cryptocoins News / The Cointelegraph - 1 year ago
Pseudonymous Shiba Inu (SHIB) founder Ryoshi has walked away from the community after deleting all of their Tweets and blog posts this week. Similar to the Bitcoin (BTC) founder Satoshi Nakamoto, Ryoshi’s identity has remained unknown since the proje...
Cryptocoins News / The Cointelegraph - 1 year ago
The Ropsten testnet on the Ethereum network is ready to set the stage for the “first dress rehearsal” of the Merge to adopt the proof-of-stake (PoS) consensus mechanism.Core Ethereum developer Tim Beiko announced on Tuesday that a new Beacon Chain fo...
Cryptocoins News / The Cointelegraph - 1 year ago
Australian consumer advocacy group CHOICE has called on the federal government to provide better protection for crypto investors while submitting a proposed regulatory framework for cryptocurrency exchanges operating in the country.The regulatory fra...
Cryptocoins News / The Cointelegraph - 1 year ago
A mismatch in the reported price of underlying assets on synthetic assets DeFi platform Mirror Protocol has caused an ongoing exploit that has the potential to drain all of its funds.The exploit was observed on May 29 by governance participant ‘Mirro...
Cryptocoins News / The Cointelegraph - 1 year ago
A mismatch in the reported price of underlying assets on synthetic assets decentralized finance (DeFi) platform Mirror Protocol has caused an ongoing exploit that has the potential to drain all of its funds.The exploit was observed on Sunday by gover...
Cryptocoins News / The Cointelegraph - 1 year ago
Bear markets are typically marked by a capitulation event where discouraged investors finally abandon their positions and asset prices either consolidate as inflows to the sector taper off or a bottoming process begins. According to a recent report f...
Cryptocoins News / The Cointelegraph - 1 year ago
Since 2016, Argentina has been engaged in a war against inflation. Caused by multiple factors, like a lack of trust in the central bank or government overspending, the depreciation of the Argentinean peso has negatively impacted citizens' purchasing...
Cryptocoins News / The Cointelegraph - 1 year ago
On May 30, the cryptocurrency market experienced a much-needed bounce that saw Bitcoin (BTC) climb above $30,900 and Ether (ETH) rally 5.84% to $1,930, but analysts warn that it could be too early to expect a reversal.ETH/USDT 1-day chart. Source: Tr...
Cryptocoins News / The Cointelegraph - 1 year ago
MoneyGram International, one of the world’s largest cross-border transfer services, is partnering with the Stellar blockchain to create a stablecoin-based platform for money transfers. The new service will allow Stellar wallet users to send Circle’s...
Cryptocoins News / The Cointelegraph - 1 year ago
After creating the dubious record of nine successive red weekly closes, Bitcoin (BTC) is attempting to make amends by starting a price recovery to end the losing streak. Analysts have repeatedly said that investors should not fear a bear market becau...
Cryptocoins News / The Cointelegraph - 1 year ago
Ethereum's native token Ether (ETH) rose by more than 5% to reach its intraday high above $1,930 on May 30. Nonetheless, the ETH/USD pair risks facing another sell-off round due to concerns about a massive ETH inflow into an exchange.58.7K Ether tran...
Cryptocoins News / The Cointelegraph - 1 year ago
On May 30, the total crypto market capitalization gained 4% and currently is within reach of a $1.3 trillion market capitalization. The move was enough to erase the losses from the previous seven days and was driven mainly by Bitcoin's (BTC) 4.9% gai...
Cryptocoins News / The Cointelegraph - 1 year ago
Paraguay is viewed by many as a potential hot spot for cryptocurrency adoption due to low electricity costs and relatively soft taxation. The government has recognized this opportunity by pushing forward new legislation around digital assets. On May...
Cryptocoins News / The Cointelegraph - 1 year ago
Ripple (XRP) has announced a $100 million investment in the carbon trading segment, CEO Brad Garlinghouse told Cointelegraph’s Joseph Hall in an interview on the sidelines of the World Economic Forum (WEF) Annual Meeting, which concluded on Thursday....
Cryptocoins News / The Cointelegraph - 1 year ago
According to local news outlet Shanghai Securities News, the city of Shenzhen will airdrop 30 million digital Chinese yuan (e-CNY) to local residents in an attempt to revitalize consumer spending. The airdrop is a joint effort between the city of She...
Cryptocoins News / The Cointelegraph - 1 year ago
Generating a yield on crypto is increasingly tricky. The Terra ecosystem implosion — where up to $50 billion was wiped out — led to a decline in decentralized finance (DeFi) protocols offering interest.At the other end of the table, centralized finan...
Cryptocoins News / The Cointelegraph - 1 year ago
One of the world’s biggest cryptocurrency exchanges, Binance, strengthened its European presence by obtaining registration and regulatory approval in Italy. A Binance company had previously registered to operate in France at the beginning of May. On...
Cryptocoins News / The Cointelegraph - 1 year ago
Bitcoin (BTC) stayed higher on May 30 as early week gains saw BTC/USD retain $30,500.BTC/USD 1-day candle chart (Bitstamp). Source: TradingView$32,000, $35,000 flagged as lines in the sandData from Cointelegraph Markets Pro and TradingView showed the...
Cryptocoins News / The Cointelegraph - 1 year ago
Bitcoin (BTC) and the broader cryptocurrency market have provided very little comfort in recent weeks, as macroeconomic headwinds and the implosion of the Terra ecosystem continue to reverberate. But, if we look beyond the immediate price action, we...
Cryptocoins News / The Cointelegraph - 1 year ago
The government of Kazakhstan, one of the world’s largest countries by Bitcoin (BTC) mining hash rate distribution, has reported budget earnings derived from cryptocurrency mining.On Monday, Kazakhstan’s State Revenue Committee of the Ministry of Fina...
Cryptocoins News / The Cointelegraph - 1 year ago
These can be anxious times for holders of cryptocurrencies, especially those who entered the market in late 2021 when prices were cresting. Bitcoin (BTC), Ether (ETH) and especially altcoins now appear to be undergoing a major reset, down 50% or more...
Cryptocoins News / The Cointelegraph - 1 year ago
Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate.The energy consumption share of the crypto mining industry has exceeded the country’s agricultural sector, showing signs...
Cryptocoins News / The Cointelegraph - 1 year ago
The South Korean government continues to investigate Terraform Labs, the firm behind the Terra Network as well as Luna Classic (LUNC), previously known as Terra (LUNA), and TerraUSD (UST) tokens, by reportedly summoning subpoenas to employees.South K...
Cryptocoins News / The Cointelegraph - 1 year ago
Unwithered by the ongoing bear market, Bitcoin’s (BTC) underlying architecture continues to outperform itself — further securing, decentralizing and speeding up the impenetrable peer-to-peer (P2P) network. The same holds true for the Bitcoin Lightnin...