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Cryptocurrency News

Location American Cryptocurrency News for 7 May 2022
3 Stablecoins Command Positions in the Crypto Economy's Top 10, Another Fiat-Pegged Token Is Close to Joining The last five weeks has been brutal for digital currencies as more than 21% has been shaved off the crypto economy’s fiat value since March 27. While all the crypto assets combined shed roughly 0.8% in the last 24 hour...
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US Court Fines Bitmex's Founders $30 Million for Operating Illegal Crypto Platform The founders of Bitmex have been ordered to pay $30 million “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” Arthur Hayes, Benjamin Delo, and Samuel Reed m...
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Senator Elizabeth Warren Demands Answers From Fidelity for Allowing Bitcoin in Retirement Plans Two U.S. senators, including Elizabeth Warren, have sent a letter to Fidelity Investments demanding answers regarding the company’s decision to allow bitcoin investments in 401(k) retirement plans. “Investing in cryp...
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Sony Partners With Theta Labs to Launch 3D NFTs for Its Spatial Reality Display Sony Group Corporation has revealed it has partnered with Theta Labs in order to launch 3D non-fungible token (NFT) assets. The upcoming NFTs will be crafted for the Sony Spatial Reality Display and are designed for thre...
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Anchor Protocol's Earn Rate Adjusts for the First Time, From 19.4 to 18% APY Following the governance vote that aimed to implement a semi-dynamic earn rate for the Anchor Protocol, the decentralized finance (defi) platform’s earn rate adjusted downward for the first time this month. After holdi...
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Central Bank of Argentina Bans Private Banks From Offering Cryptocurrency Services The Central Bank of Argentina has taken steps to ban private banks from offering cryptocurrency services to customers in the country. The action comes after two banks had started offering cryptocurrency purchasing servic...
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Biggest Movers: LUNA Falls to 6-Week Low, as ALGO Surges 15% on Saturday Despite Terra buying $1.5 billion worth of BTC this week, LUNA slipped to a six-week low to start the weekend. Overall, crypto markets remained in the red, however ALGO was one of the rare exceptions to record significan...
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Bitcoin clings to $36K as data suggests BTC price sell-off came from short-term holders Bitcoin price action steadies, but things still look ugly for those with major skin in the game.
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Bitcoin, Ethereum Technical Analysis: ETH Remains Close to 6-Week Low to Start the Weekend Following a recent string of declines, ETH continued to hover close to a six-week low to start the weekend. BTC was also lower on Saturday, as the world’s largest cryptocurrency remained closer to a two-month low. Bitc...
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Anchor Protocol rebounds sharply after falling 70% in just two months -- what's next for ANC? The total value locked inside the Anchor Protocol's liquidity pools reached an all-time high earlier this week.
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USDT vs. USDC vs. UST: How Do They Compare?

Crypto News - 7 May 2022 13:00
USDT vs. USDC vs. UST: How Do They Compare? Stablecoins are taking an increasingly growing market share of the overall crypto markets as the demand for digital dollars continues to rise among crypto investors.
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Moody's: Cryptocurrencies Unlikely to Help Russia Evade Sanctions Russia’s ability to employ cryptocurrencies to circumvent international sanctions is restricted by the limited size of the crypto market, according to Moody’s. Despite increased use in small transactions, low liquidi...
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Russia's Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a bill tailored to reg...
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The Ukraine invasion shows why we need crypto regulation Does the war in Ukraine demonstrate that cryptocurrencies have an unprecedentedly vital role in humanitarian crises or that they are completely untamable?
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Bitcoin's Velvet Revolution: The overthrow of crony capitalism Today, the revolutionaries are gathering again. But this time, they have the most powerful economic weapon citizens have ever had: Bitcoin.
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US Senator Introduces Bill Prohibiting Labor Department From Interfering With Crypto in Retirement Accounts A U.S. senator has introduced a bill to prohibit the Labor Department from issuing a regulation or guidance that limits the type of investments investors can choose in their retirement plans, including cryptocurrency. �...
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Alipay Provides Digital Yuan Boost as COVID-19 Deals PBoC Blow The e-payments giant Alipay, part of the Alibaba business empire, has added an advanced search function for users wishing to use its platform to make payments using the digital yuan within the fast-expanding pilot zone.....
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Square Enix Closes $300 Million Sale of Western Studios to Bankroll Blockchain Pivot Square Enix, the influential Japanese gaming and publishing company, has sold its Western studios and some of its Western intellectual properties (IPs) to Embracer Group. The deal, which values these properties at $300 m...
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