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Cryptocurrency News

Location American Cryptocurrency News for 5 May 2022
Vector Finance (VTX) TVL hits a record high as the Curve Wars shift to Avalanche The total value locked on Vector Finance hit a new high after the protocol integrated multiple stablecoins in the Avalanche ecosystem in order to become the network's largest liquidity hub.
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Bitcoin drops to $35.5K as 1,000 point Dow correction marks the worst trading day since 2020 BTC and ETH price imploded toward swing lows as the Dow tumbled by 1,000 points and the Nasdaq lost 5%, marking the worst trading day for stocks since 2020.
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Finder's Fintech Specialists Predict XRP Jumping to $2.55 by December 2022 On May 4, the product comparison platform finder․com published a ripple price prediction report that polls 36 fintech specialists. According to findings stemming from the participating panelists, ripple could jump to $...
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Descending channel pattern and weak futures data continue to constrain Ethereum price ETH derivatives metrics and technical analysis point toward further downside for Ethereum price.
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Luna Foundation Acquires $1.4 Billion in Bitcoin, Decentralized Reserve Stash Rises to 80,394 BTC According to a report published on Thursday, the Luna Foundation Guard (LFG) explained that it acquired 37,863 bitcoin worth more than $1.4 billion through two over-the-counter deals. The LFG now holds 80,394 bitcoin in ...
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Biggest Movers: ETC Climbs to 1-Week High, as AXS Moves Away From 10-Month Low During a volatile day of trading, ethereum classic rose to a one-week high earlier in the session, before falling victim to a red wave. AXS also rose today, climbing by over 12% in the day, however, a bearish wave pushed...
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Bitcoin price hits 10-week lows as $40K spike becomes 'nasty bull trap' A full reversal and then some for BTC means that bulls are coming to terms with months of ground given up.
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SkyBridge Capital's Anthony Scaramucci expects a pro-crypto presidential candidacy Anthony Scaramucci predicts that the next presidential candidacy will be pro-crypto and that a Bitcoin ETF will happen by the end of 2022 given recent developments on Capitol Hill.
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StreamCoin Announces 200M STRM Corporate ICO Investment by TNC IT Group PRESS RELEASE. StreamCoin revealed that it has secured a corporate ICO investment from blockchain consulting firm TNC IT Group. Specifically, TNC IT Group has purchased over 200 million STRM during the recently-concluded...
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Luna Foundation Guard acquires additional 37,863 BTC as part of reserve strategy The acquisition, totaling roughly $1.5 billion, will be used to further backstop Terra Luna's algorithmic stablecoin UST.
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NFT Market Gets Back on Track Thanks to Moonbirds and Solana NFTs After a six-week cooldown period started in mid-February, the non-fungible token (NFT) market saw a boost in activity throughout April. Popular NFT collection Moonbirds and a rise in demand for Solana (SOL)-based NFTs we...
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Argo Blockchain facility in West Texas expects to start mining Bitcoin in May The company expects a hash rate of 5.5 EH/s by the end of 2022, anticipating that access to an additional 600 MW of power capacity "in the coming years" will produce 20 EH/s.
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Bitcoin falls toward $38K as stocks abandon Fed 'reactionary rally' The S&P 500 and Nasdaq sees substantial losses on the day as Fed-induced gains evaporate.
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Crypto Industry Leader Bitcoin.com Secures $33.6 Million in VERSE Token Private Sale On Wednesday, the leading crypto industry firm, Bitcoin.com, announced it has concluded a private sale of its VERSE token and secured $33,600,000 from strategic investors. VERSE is meant to bolster Bitcoin.com’s growin...
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Short-Term Relief Bitcoin Rally Likely After 'Optimistic' Powell, Major Bottom Could be Forming - Analysts Bitcoin (BTC) and the broader crypto market went into a relief rally over the past day, after an expected 0.5 percentage point rate hike in the US and an "optimistic" outlook from US Federal Reserve (Fed) Chair Jerome Po...
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Bitcoin, Ethereum Technical Analysis: BTC Heads Towards $40,000 Following FOMC Bitcoin moved closer to $40,000 during Thursday’s session, as traders continued to react to yesterday’s Fed rate hike. The FOMC opted to increase interest rates by 0.5% during May’s meeting, which is the largest hi...
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Binance Backs Twitter Takeover with USD 500m, Musk Could Serve as Interim CEO The major crypto exchange Binance is backing Elon Musk's takeover of Twitter with a USD 500m investment, a public filing showed. Meanwhile, Musk might also serve as temporary CEO of Twitter once the takeover is done. The...
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Number goes up: A third of Brits have bought crypto, says Coinbase report A Qualtrics report carried out by Coinbase shows that the number of Brits who have bought crypto is up 4% to 33% since October 2021.
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ECB Favors Transparency Over Privacy in Digital Euro Design, Presentation Reveals The European Central Bank (ECB) leans toward a “transparent” digital euro over one that ensures a higher level of privacy for its users, a presentation devoted to the project has indicated. In the document, the monet...
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Avalanche rebounds 25% in five days as AVAX price tests key level -- Big rally ahead? Crypto market correlation and Valkyrie's Avalanche fund launch also helped push AVAX to a weekly high.
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Sen. Warren asks Fidelity to address the risks to put Bitcoin in 401(k)s U.S. Senators requested Fidelity to explain how the firm is planning to address the risks of adding Bitcoin into retirement accounts by May 18.
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Renowned Luxury Brand Gucci to Accept Bitcoin, Ethereum Payments in the US Italian luxury brand Gucci will accept crypto payments across five flagship stores in the US by the end of the month and aims to expand the pilot to include all of its directly-operated stores in North America by this su...
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