Cryptocoins News / The Cointelegraph - 1 year ago
This week will be remembered as the one when the stablecoins showed an unexpected ability to depeg. Terra’s TerraUSD (UST) dropped to a shocking $0.29 following the general meltdown of both crypto and financial markets, but it was also the headliner...
Cryptocoins News / The Cointelegraph - 1 year ago
This week will be remembered as the one when the stablecoins showed an unexpected ability to depeg. Terra’s TerraUSD (UST) dropped to a shocking $0.29 following the general meltdown of both crypto and financial markets, but it was also the headliner...
Cryptocoins News / The Cointelegraph - 1 year ago
Bitcoin (BTC) returned to $30,500 on May 17 amid hopes that a retest of 2017 highs could be avoided.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$20,000 retest ‘highly unlikely’Data from Cointelegraph Markets Pro and TradingView showed...
Cryptocoins News / The Cointelegraph - 1 year ago
Officials from the Reserve Bank of India (RBI) have reportedly sounded the alarm bells again over crypto adoption, which they claim will ultimately lead to the “dollarization” of the local economy.According to a Monday report from the Indian branch o...
Cryptocoins News / The Cointelegraph - 1 year ago
Web3 gaming and entertainment company Metatheory founded by Twitch co-founder Kevin Lin has raised $24 million in a Series A funding round on Monday.The round was led by crypto capital venture firm Andreessen Horowitz (a16z), with participation from...
Cryptocoins News / The Cointelegraph - 1 year ago
The largest investment bank in Japan, Nomura, is set to establish a new subsidiary company to help institutional clients invest in cryptocurrency and nonfungible tokens (NFTs).The Financial Times reported on Tuesday that people with knowledge of Nomu...
Cryptocoins News / The Cointelegraph - 1 year ago
Despite being publicly endorsed by the respective mayors of both cities, MiamiCoin (MIA) and NewYorkCityCoin (NYC) have plunged 90% and 80% since their all-time highs.According to data from CoinGecko, the price of MIA has dropped 92% since its ATH of...
Cryptocoins News / The Cointelegraph - 1 year ago
Cryptocurrency investors and traders have cashed out $7.7 billion from the stablecoin Tether (USDT), resulting in its market capitalization falling by 7.8% over the past seven days to $76 billion.The amount withdrawn from the top stablecoin is nearly...
Cryptocoins News / The Cointelegraph - 1 year ago
America’s largest crypto exchange Coinbase has rolled out Web3 application functionality including a hot wallet and browser for a limited set of its mobile app users.The app will allow select users to access decentralized applications (DApps) on the...
Cryptocoins News / The Cointelegraph - 1 year ago
To the chagrin of many Golden Visa seekers, Portuguese Finance Minister Fernando Medina has confirmed that his country will begin taxing cryptocurrency but has not committed to a date.The move to start taxing crypto was seconded by Secretary of State...
Cryptocoins News / The Cointelegraph - 1 year ago
The United States Department of Justice may move forward on a criminal prosecution case against a United States citizen who allegedly violated sanctions through cryptocurrency.According to a Friday opinion filing in U.S. District Court for the Distri...
Cryptocoins News / The Cointelegraph - 1 year ago
Winston Churchill’s statement to “never let a crisis go to waste” can be applied across many aspects of society, including the recent carnage seen in the crypto market. Last week's volatility is likely to have newer investors and those who took on he...
Cryptocoins News / The Cointelegraph - 1 year ago
A California state regulator may be looking at overturning a ban on cryptocurrency donations to political campaigns which has been in effect since 2018.According to its May 2022 agenda, California’s Fair Political Practices Commission, or FPPC, has s...
Cryptocoins News / The Cointelegraph - 1 year ago
Its been a rough couple of weeks for the cryptocurrency market. Bitcoin (BTC) price is nowhere near the price estimates of most analysts, multiple stablecoins lost their peg and the demise of one of the top decentralized finance (DeFi) platforms spar...
Cryptocoins News / The Cointelegraph - 1 year ago
On Monday, Do Kwon, co-founder of the troubled Terra Luna blockchain, announced a revised plan to restore the ecosystem after a combination of significant market volatility and inherent protocol design flaws wiped out a vast majority of the blockchai...
Cryptocoins News / The Cointelegraph - 1 year ago
The selling in Bitcoin (BTC) is showing no sign of abating and Bitcoin has fallen for seven straight weeks for the first time ever. This indicates that the momentum remains strongly in favor of the bears. While the short-term sentiment remains bearis...
Cryptocoins News / The Cointelegraph - 1 year ago
Bitcoin (BTC) bounced 19% from the $25,400 low on May 12, but has investor confidence in the market been restored? Judging by the ascending channel formation, it’s possible that bulls at least have plans to recover the $30,000 level in the short term...
Cryptocoins News / The Cointelegraph - 1 year ago
Bitcoin (BTC) has been relatively calm during the weekend as crypto traders try to rebuild the markets after the Terra LUNA debacle. With macro factors not supportive, several analysts expect the recovery to be a slow grind.Crypto research firm Delph...
Cryptocoins News / The Cointelegraph - 1 year ago
Celsius Mining, the mining subsidiary of crypto lending platform Celsius Network, has filed paperwork with the United States Securities and Exchange Commission, or SEC, suggesting plans for an initial public offering (IPO).In a Monday announcement, C...
Cryptocoins News / The Cointelegraph - 1 year ago
Bitcoin (BTC) needs to hold current levels and work to reclaim higher ones to avoid a crash in the $20,000 range, the latest analysis warns. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewIs $20,000 incoming?Data from Cointelegraph Market...
Cryptocoins News / The Cointelegraph - 1 year ago
B3, the Brazilian Stock Exchange, confirmed that within six months it intends to launch its first official product aimed at the cryptocurrency market — Bitcoin (BTC) futures trading. The group's chief financial officer, André Milanez, made the announ...
Cryptocoins News / The Cointelegraph - 1 year ago
Fabio Panetta, an executive board member of the European Central Bank, or ECB, has said that a digital euro could come within four years, potentially designed with a person-to-person payment solution.In a Monday speech at the National College of Irel...
Cryptocoins News / The Cointelegraph - 1 year ago
Nonfungible tokens, or NFTs, are turning out to be a treasure store with prices striding into the millions of dollars. Instances of an NFT garnering more than $69 million or a tweet fetching $2.9 million are not a fantasy, but an incredible reality.I...
Cryptocoins News / The Cointelegraph - 1 year ago
Numerous developers have been left in uncertainty in the aftermath of the Terra (LUNA) collapse. These Terra-based projects, which are already under a lot of pressure, may be able to save their communities and projects by migrating to other networks....
Cryptocoins News / The Cointelegraph - 1 year ago
Over-the-counter, or OTC, trading refers to any trading that is not done via an automated exchange. What exactly is OTC trading? Who does it, and why? To learn more about what an OTC desk is and how these “under the radar” exchanges operate, Magazine...