Cryptocurrencies News
- Bob Mason
Stablecoins come under increased scrutiny, with the Federal Reserve and U.S. Treasury Secretary Janet Yellen putting stablecoins in the spotlight.
- Martin Young
The firm behind the popular NBA Top Shots nonfungible token collection has secured a large funding round which it intends to channel into community growth.
- Reuters
By Alun John HONG KONG (Reuters) – TerraUSD, the world’s fourth-largest stablecoin, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin’s tumble below $30,000 for the first time in 10 months.
- Reuters
By Medha Singh (Reuters) – Crypto assets bled nearly $800 billion in market value over the past month, touching a low of $1.4 trillion on Tuesday, according to data site CoinMarketCap, as the end of easy monetary policy diminishes appetite for risk assets.
- Bob Mason
Bitcoin delivers the broader crypto market with support, with UST rebounding to $0.93 levels, though the market remains susceptible to another reversal.
- Joel Frank
One of Indonesia’s largest cryptocurrency exchanges will promote Avarta’s biometric security-based wallet and Trust Scoring system to its user base.
- Reuters
LONDON (Reuters) – British Prime Minister Boris Johnson will introduce a new economic crime bill to crack down on illicit finance, looking to strengthen laws that have empowered its Russian sanction regime and empower authorities to seize cryptocurrency assets.
- Reuters
By Lisa Pauline Mattackal and Medha Singh
- Sujha Sundararajan
Binance said that it would resume withdrawals of LUNA and UST once the volume of pending withdrawals reduces and the network becomes stable.
- Martin Young
Bitcoin Foundation Chairman Brock Pierce remains confident that the crypto industry still has a long way to go despite markets slumping to their lowest levels since July 2021.
- Reuters
By Alun John HONG KONG (Reuters) – Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks.
- Varuni Trivedi
On Monday, Israel’s Central Bank revealed that it received public support for its plans to issue a digital shekel; however, the bank remains unsure of it.
- Reuters
(Reuters) – Bitcoin dropped 7.81% to $31,333.41 at 20:03 GMT on Monday, losing $2,655.98 from its previous close.
- Aaryamann Shrivastava
Apart from bringing digital collectibles to the social media platform, Meta will also bring the functionality of AR to project NFTs in digital spaces.
- Varuni Trivedi
Galaxy Digital has attributed the loss suffered the last quarter to unrealized losses on crypto and investments in its trading and investments businesses.
- Sujha Sundararajan
A law committee will oversee the tax proposal and will recommend its views to the GST Council to levy 28% GST on all crypto-related services.
- Bob Mason
NEAR joins the broader crypto market in the red after a bullish start. Total value locked divergence with market cap movement supports a bullish trend.
- Sujha Sundararajan
Russian clients have a deadline until May 31, to withdraw funds from their accounts unless they confirm that they are not under these sanctions.
- Martin Young
Crypto asset markets have continued their downward march over the weekend, slumping to their lowest levels this year, but what is behind the bearish price action?
- Bob Mason
Snoop Dogg takes a bigger step into Web3 by partnering with PayPal co-founder Ken Howery to support Ice Cube’s Big3 League link up with Web3.