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Location American Popular News for 25 May 2022

Guggenheim's Scott Minerd SeesGuggenheim Chief Investment Officer Scott Minerd Says there’s a lot more downside to crypto after the market plunged. He has predicted that the price of bitcoin could fall to $8K.... Guggenheim’s Scott Minerd Predicts the Future Outlook for Bitcoin, Crypto Bitcoin bear Scott Minard, global chief investment officer of Guggenheim Partners, shared his recent predictions […]
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Bitcoin 'finally' due forAn uptick to two-week highs is on the cards but longer timeframes still trouble Bitcoin analysis.
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LUNA Investor Arrested forA crypto investor has been arrested after knocking on Do Kwon’s door following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He lost about $2.4 million and is now... under investigation by the South Korean police. “I felt like I was going to die,” he said about losing his investments. Investor Under Investigation […]
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Ukrainian Eurovision WinnerKalush Orchestra, the Ukrainian winner of this year's Eurovision Song Contest, will sell non-fungible tokens (NFTs) featuring a microphone and the name 'Kalush Orchestra' in support of Ukraine's... national defense against the Russian invasion....
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USD 4.5B Crypto Fund, LessGet your daily, bite-sized digest of cryptoasset and blockchain-related news - investigating the stories flying under the radar of today's crypto news. __________...
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Biggest Movers: XMR HitsFollowing a bearish start to the day, XMR climbed to a two-week high during today’s trading session. Gains in monero come as LRC also saw its price move higher, rising for a fifth consecutive... day, as it approaches a multi-week high of its own. Monero (XMR) Monero extended a recent bullish streak during today’s session, […]
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LUNA, UST Jump as TerraThe price of the Terra network's native LUNA token and the failed stablecoin terraUSD (UST) jumped in the market on Wednesday, after a revival plan for the network officially passed a vote, with 65%... voting in favor of the plan. A new Terra blockchain is now expected to launch this Friday, May 27th....
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Davos Watch: Real InterestInflation expectations in Europe have consistently drifted upwards, and despite rising nominal interest rates, the real rate is likely to be "nothing or next to nothing," according to Klaas Knot,... President of the Central Bank of the Netherlands. Meanwhile, a professor said that 3% is a more appropriate inflation target than the 2% that is common today....
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GPU prices are still on aTimes are hard for Bitcoin and other cryptocurrencies, but gamers are in luck, as GPU prices are now more affordable.
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Thailand Exempts CryptoAuthorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of... next year, will also apply to digital currency issued by the Bank of Thailand. Royal Decrees Enforce VAT Exemption for Crypto Trading in Thailand Investors moving cryptocurrencies and […]
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Bitcoin, Ethereum TechnicalBitcoin was lower for a second consecutive session, as bears maintained recent pressure on crypto markets. This pressure also saw ETH move lower, as it continued to trade under $2,000 during hump-day.... Bitcoin The world’s largest cryptocurrency once again traded below $30,000, as bears continue to maintain a chokehold on prices. As of writing, BTC/USD […]
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Bitcoin Mining Can be a ForceBitcoin (BTC) mining can be a force for both good and bad, depending on how it's done and where it happens. But countries thinking of banning it should know that miners will not hesitate to simply... move somewhere else, FTX.US president Brett Harrison said at the World Economic Forum in Davos, Switzerland, on Tuesday....
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Korean watchdog begins riskWhile the FSS' standardization effort is still in its early stages, it is expected that once a legal framework for virtual assets has been established, a uniform evaluation system will be put in... place.
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Bitcoin and Ethereum Trade inBitcoin price attempted a fresh increase above the USD 30,000 level. However, BTC struggled to clear the range resistance near USD 30,300 and USD 30,500. It is currently (12:00 PM UTC) trading near... USD 29,400 and is almost unchanged in a day and down over 2% in a week....
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Bitcoin price bottom signalsOn-chain indicators focusing on Bitcoin's fair valuation and long-term holders' sentiment also raise its prospects of bottoming out.
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Report: The Metaverse MightA new report indicates that the metaverse might be a significant factor in the growth of economies in Latam and the world in the coming decade. The study, issued by Analysis Group, estimates that... Latam might benefit from a surge of $320 billion or an approximate 5% of its GDP, in the next 10 years. […]
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Upbit Operator Faces ScrutinySouth Korean crypto exchanges are now in the firing line as the terra (LUNA) crash fallout continues to sow the seeds of chaos in the domestic crypto industry. Dunamu, the operator of the Upbit... exchange, has denied reports that it dumped large sums of LUNA to avoid forthcoming price drops as "groundless" - but questions are being asked about how and why a then-new Dunamu affiliate made a large investment in the coin, only to sell its entire stash in February 2021....
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WEF 2022, May 25: LatestThe fourth day of WEF 2022 will see key people from the industry discuss the journey of crypto investors.
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Ariva Celebrates 1st YearPRESS RELEASE. Ariva, a next-generation tourism & travel blockchain protocol, celebrated the first anniversary of its launch on May 25, 2022. This development marks an impressive milestone for the... blockchain project that has taken the tourism sector by storm in recent months. Ariva launches reward program to celebrate 1st anniversary Ariva has announced a giveaway […]
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Crypto Industry's Custody,The recent collapse of the TerraUSD (UST) stablecoin has demonstrated that custody and ownership rights are underdeveloped for the size, scope, and ambitions of the crypto industry, according to the... US Acting Comptroller of the Currency Michael J. Hsu. The comptroller presented his opinion at the DC Blockchain Summit event which took place on May 24 in Washington, D.C., USA. Hsu stated that,...
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Seth Green Teases His NFT ShowSeth Green, the American actor, producer, writer, and director who was robbed of a Bored Ape non-fungible token (NFT) that was meant to star in an upcoming TV show, could proceed with the planned show... despite the controversy around the intellectual property (IP) license of the stolen Ape....
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Argentinian CryptocurrencyBuenbit, an Argentinian cryptocurrency exchange, has announced a series of layoffs due to the downturn that traditional and crypto markets are currently facing. Buenbit’s co-founder and CEO,... Federico Ogue, clarified that this move had nothing to do with the recent Terra ecosystem disaster and that from now on, the exchange would focus on keeping operations […]
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Exchanges show initial supportHitBTC plans to list Terra's brand new token LUNA on May 27 as the suspended Terra Classic blockchain is expected to revive as Terra 2.0.
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Skeptical Twitter Users SayTwitter users say they believe that the FTX crypto exchange's multi-billionaire owner Sam Bankman-Fried's plans to spend some USD 1 billion or more to fund the US Democratic Party's 2024 presidential... election campaign is a "calculated investment."...
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South Korean Regulators toSouth Korea's financial regulators are planning to launch onsite inspections into domestic companies that have a business relationship with Terraform Labs - and particularly those that have made use... of terra (LUNA) ecosystem coins. In an exclusive article, the South Korean media outlet Money Today explained that the Financial Supervisory Service (FSS) will begin with an onsite probe of the SoftBank-backed e-payment provider Chai to ...
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