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Cryptocurrency News

Location American Cryptocurrency News for 20 May 2021
PancakeBunny tanks 96% following $200M flash loan exploit PancakeBunny is the latest Binance Smart Chain-native DeFi protocol to suffer a vicious exploit, with more than $200 million being drained from the platform.
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Defi Economy Lost $20 Billion This Week, Decentralized Exchange Volumes Still Sky High While crypto markets, in general, have been dropping significantly in value, the decentralized finance (defi) economy has shaved more than $21 billion during the last week. Statistics show that the total-value locked (TV...
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US Treasury Unveils Biden's Proposed Tax Measures -- Cryptocurrency Transfers Over $10,000 to Be Reported to IRS The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement ...
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ECB Vice President Says Crypto Assets Are 'Not a Real Investment' Citing Weak Fundamentals The vice president of the European Central Bank (ECB), Luis de Guindos, has warned that crypto assets are “not a real investment” and are “subject to a lot of volatility.” His comments followed massive sell-offs ...
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Passive Income with 8% Interest? It's Possible with Crypto! Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would lik...
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B2BinPay Launches Version 2.0: Major Product Upgrade Includes New Blockchains, Tokens and Pricing PRESS RELEASE. B2BinPay, one of the industry’s leading crypto processing providers, has announced the launch of version 2 of its award-winning payments solution. The new version is a highly-anticipated upgrade to the c...
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Bears positioned to take the lead as $930M in Bitcoin options expire Friday Derivatives data for Bitcoin weekly options suggests bears may have the upper hand in tomorrow's $930 million expiry.
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Blockfi Messes up Promo Payments: Transfers up to 700 Bitcoin Mistakenly Blockfi, a cryptocurrency lending platform, wrongly distributed a set of payments to a group of customers, who found deposits of up to 700 BTC in their accounts. While most weren’t able to withdraw these funds, in the ...
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Bitcoin whale who sold at $58K has reaccumulated 3,521 BTC The whale sold off 3,000 BTC on May 9 for an average price of $58,503.39. They began to reaccumulate less than one week later.
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Exchange inflows, on-chain data show retail traders fueled Bitcoin's sell-off Whale wallet activity and exchange inflows indicate that the recent market sell-off was driven by retail traders, while institutional investors gladly bought the dip.
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Bitcoin Hashrate Slides- Low BTC Prices, Sichuan Wet Season, Upcoming Difficulty Spike to Blame While bitcoin prices plummeted this week, the network’s hashrate has also dropped considerably since tapping a high on May 9. Since then, the hashrate has seen swings between 10-15% because of the crypto market downtur...
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These three cryptocurrencies weathered the storm as Bitcoin plunged Solana, Polygon and Harmony all defied the market crash, solidifying gains when traded against Bitcoin and helping protect crypto investor funds.
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Green Investments Help Bitcoin Miners Amid Possible Regulatory Crackdown Regulators have been moving into multiple areas of the crypto industry, and they will - in one way or another - come after crypto mining powered by non-renewables, according to two miners that talked with Cryptonews.com....
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US Dollar Drops to a Three-Year Low, Greenback Could Dip 10% Lower, Fed Still Not Ready to Taper QE America’s currency has been flirting with lows again, as the U.S. Dollar Index (DXY) dropped to a low of 89 on Tuesday and the following Thursday. This is the third time since April 2018, the DXY has been this weak, an...
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USD 10K+ Crypto Transfers & IRS, Central Banks on Crypto Volatility + More News Get your daily, bite-sized digest of cryptoasset and blockchain-related news - investigating the stories flying under the radar of today's crypto news. ____ Tax news The US Treasury said the Biden administration's propos...
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The Conference.NFT is Coming Soon and You Can Submit Your Creatives Disclaimer: The text below is a press release that was not written by Cryptonews.com. The world's first NFT conference coming soon We're happy to announce our next online event The Conference.NFT. Date: June 17th, 2021 P...
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State digital currency to get more trust than crypto, says Russian ex-PM Former Russian Prime Minister and President Dmitry Medvedev believes that it is time to recognize the importance of crypto and CBDCs.
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Surveyed UAE Nationals Keener to Invest in Crypto than Western Expats Younger Emirati respondents are much more bullish than Western expats about the opportunities potentially offered by exposure to cryptoassets, according to a recent survey released by the Dubai-based financial services c...
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Top US Banking Regulator to Review Cryptocurrency Standards Under New Leadership The new Acting Comptroller of the Currency, Michael Hsu, has requested a review of the cryptocurrency standards established by the top U.S. banking regulator. He is also urged to “reassess any conditional national trus...
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Flash Crash Post-Mortem: Overleveraged Crypto Gamblers Did It Again The flash crash in the crypto market on Wednesday was heavily exasperated by liquidations and leverage - debunking some narratives along the way. Yesterday, almost USD 9bn worth of trading positions (around 800,000 in to...
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US Lawmaker Pushes for Safe Harbor Legislation to Protect Crypto Investors With Forked Coins US Congressman Tom Emmer is pushing for safe harbor legislation to protect taxpayers with forked coins. A bill entitled “Safe Harbor for Taxpayers with Forked Assets Act of 2021” has been introduced to prohibit “pe...
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Bitcoin price gains 40% in a day as altcoins, Cardano and Dogecoin join $42K BTC It's a sea of green for Bitcoin and altcoins on Thursday as a tsunami of optimism erases the previous crypto bloodbath.
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