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Cryptocurrency News

Location American Cryptocurrency News for 8 May 2022
Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchase...
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SEC Fines Nvidia $5.5 Million for Failing to Disclose Crypto Mining Significantly Boosted Its Revenue The U.S. Securities and Exchange Commission (SEC) has charged Nvidia Corp. for failing to disclose that crypto mining significantly boosted its revenue. The company agreed to a cease-and-desist order and to pay a $5.5 mi...
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Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value locked (TVL) across a...
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LUNA drops 20% in a day as whale dumps Terra's UST stablecoin -- selloff risks ahead? Excessive Terra supply coupled with UST supply contraction coincides with LUNA's price decline.
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Top 5 cryptocurrencies to watch this week: BTC, ALGO, XMR, XTZ, THETA Bitcoin has reached a critical support zone and if there is a bounce from this level ALGO, XMR, XTZ and THETA could move higher in the short-term.
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Nicehash Software 'Fully Unlocks' Nvidia's Hashrate Reducing Technology On Saturday, the cryptocurrency mining platform Nicehash revealed the company has “fully [unlocked] Nvidia’s [Lite Hash Rate]” graphic processing units (GPUs). Nicehash says the firm’s Quickminer mining software ...
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Meme Token Carnage -- DOGE, SHIB Prices Sink Lower, Dogecoin Down 82% Since Last Year Today’s top meme coins have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the entire digital currency economy. While dogecoin had a phenomenal year in 2021, over the ...
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Catching the Falling Knife: Bitcoin, Ethereum Down 50% From All-Time Highs -- Billions Leave Crypto Economy The crypto economy has dropped considerably in value during the last five weeks, slipping 23.28% from $2.19 trillion to today’s $1.68 trillion. Furthermore, both bitcoin and ethereum are awfully close to sinking 50% be...
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Joe Rogan Says Bitcoin Is 'Freaking Out' Government, the Latest on Inflation, and More -- Bitcoin.com News Week in Review Another whirlwind week in crypto draws to a close, and of course there’s no shortage of spicy stories and new, compelling narratives in the world of innovative digital money. This week, Elon Musk gives investment advic...
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Just How Sustainable Are Play-to-Earn Gaming Pyramids? __________ The play-to-earn (P2E) GameFi sector was one of crypto's biggest success stories in 2021, with Axie Infinity alone accounting for USD 3.5bn in NFT sales last year. This is in addition to the increasingly high ...
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Majority of Russia's Financial Pyramids in Q1 Linked to Crypto, Scammers Exploit Sanctions Topic Many of the financial pyramids identified in Russia during the first quarter of the year have been associated with cryptocurrencies, a top central bank official has revealed. Fraudsters are actively exploiting the hot to...
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Fed Hopes for 'Soft Landing' for US Economy, but History Suggests It Won't Prevent Recession Alex Domash, Research Fellow, Harvard Kennedy School, and Lawrence H. Summers, Charles W. Eliot University Professor, Harvard Kennedy School._____ The Federal Reserve will likely soon learn what gymnasts already know: st...
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Bitcoin price target now $29K, trader warns after Terra weathers $285M 'FUD' attack Doom and gloom continues for Bitcoin markets as Terra's Do Kwon brushes aside a "deliberate and coordinated" attack on its TerraUSD and LUNA tokens.
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Robinhood Lists Grayscale's Bitcoin and Ethereum Trusts On May 6, the financial services company Robinhood announced the firm has listed Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE). Robinhood customers can now gain access the crypto investment products in ord...
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For the crypto industry, supporting sanctions is an opportunity to rebrand Failure to align with the wider financial services industry by enforcing sanctions against Russia will come at a high cost for the crypto sector.
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Crypto, like railways, is among the world's top innovations of the millennium Finding a million reasons why blockchain won't succeed turned out to be one of the biggest innovations in the last 500 years.
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Google Forms Web3 Team -- Sees Tremendous Potential, Demand for Crypto Tech Support Google is establishing a Web3 team within its cloud unit, noting that “it is a market that is already demonstrating tremendous potential.” A Google executive explained: “We’re providing technologies for companies...
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