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Cryptocurrency News

Location American Cryptocurrency News for 11 May 2022
Bitcoin and Ethereum Fluctuate, LUNA Down 94%, MKR Rallies Bitcoin price settled above the USD 31,500 level. However, BTC is still facing a strong resistance above USD 32,000 and near USD 32,500. It is currently (11:48 UTC) consolidating near USD 31,600 and is almost unchanged i...
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Chinese Banks Launch Automatic Digital Yuan-to-Fiat Conversion Tools Chinese banks are exploring new methods of enabling digital yuan users to earn interest on their central bank digital currency holdings - with "smart management" tools that can detect when funds have been left idle for l...
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Bitcoin, Ethereum Technical Analysis: ETH Bounces Back, up 2%, While BTC Climbs Above $30,000 Following a fall below $30,000 on Tuesday, BTC marginally rebounded, as prices began to consolidate above support. ETH was also higher in today’s hump-day session, climbing above $2,400 in the process. Bitcoin Bitcoin�...
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UK Outlines Plans to Support Crypto Adoption, Create More Powers to Seize and Recover Digital Assets Delivering the Queen’s Speech, Prince Charles outlines the British government’s plans to support the safe adoption of cryptocurrencies and create “powers to more quickly and easily seize and recover crypto assets.�...
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US Lawmakers Push for Urgent Stablecoin Regulation -- Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten the country’s financ...
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Citi, Wells Fargo, BNY Mellon Invest in Crypto Firm Talos as Institutional Adoption of Digital Assets Accelerates Several major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to remove “the barriers to wide-scale crypto adopt...
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Terra contagion leads to 80%+ decline in DeFi protocols associated with UST Projects associated with Terra suffer losses of more than 80% as contagion spreads. Meanwhile, Maker (DAI) gets a boost as traders look for other decentralized stablecoin options.
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Bitcoin fights to hold $29K as fear of regulation and Terra's UST implosion hit crypto hard Bitcoin leverage traders show little interest in going long even as BTC price flirts with new lows below $29,000.
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Independent Russian News Site Meduza Raises Over $200,000 in Crypto Pressure from the Kremlin and sanctions from the West have forced Russian news outlet Meduza to increasingly rely on cryptocurrency donations to fund its independent journalism. As the restrictions imposed over Moscow’...
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Why did Terra LUNA and UST crash? | Find out on The Market Report On this week's special episode of "The Market Report," Cointelegraph's resident experts discuss the Terra ecosystem meltdown.
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AMC Calls Crypto Adoption a 'Massive Home Run,' but Wary of Regulatory Challenges of Coin Issuance The American entertainment industry giant AMC Entertainment Holdings has expanded on its crypto and non-fungible token (NFT) plans - claiming that it has "eight different NFT programs that either already have been launch...
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Price analysis 5/11: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB The implosion of the Terra ecosystem appears to be manifesting contagion that is negatively impacting Bitcoin and altcoins.
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Biggest Movers: SOL, NEAR, and AVAX Drop More Than 20% Lower on Wednesday Solana, NEAR and AVAX were all trading over 20% lower on Wednesday, as global crypto markets continued to fall on hump-day. The cryptocurrency market cap is currently down 6.35%, as traders continued to digest the recent...
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Bitcoin price reclaims $30K as Bitcoin Cash hits fresh record low against BTC Bitcoin SV joins the hard fork in posting dismal price performance as the dust settles on the Terra UST debacle.
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Crypto Market Dives - and Rebounds - Following UST De-Peg, US Inflation Report Bitcoin (BTC), ethereum (ETH), and the broader crypto market experienced a sharp correction today after the terraUSD (UST) stablecoin collapsed, and an inflation report in the US revealed higher-than-expected price rises...
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Stablecoin Implosion -- LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in ...
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Good News for German Crypto Investors, Spot Trading Increased in April + 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. __________...
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Do Kwon's USD 1M Bet Doesn't Look Good as LUNA Crashes Do Kwon, co-founder and CEO of Terraform Labs, the entity behind Terra (LUNA), found himself in a peculiar position with his bet that LUNA would stay above USD 88 - as the coin dropped over 90% in a single day. In mid-Ma...
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Rising global adoption positions crypto perfectly for use in retail As more and more people continue to invest in digital currencies, experts believe the coming few years will see crypto making an even larger impact on the retail sector.
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Sales of Blue-Chip NFTs Plunge Amid Crypto Market Crash Sales of blue-chip non-fungible token (NFT) collections Bored Ape Yacht Club (BAYC) and Otherdeed have taken a plunge amid a broader crash in the crypto market. BAYC's sales have fallen by nearly 39% over the past week, ...
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Bitcoin falls back under $30K while 8.3% US CPI shows signs inflation has peaked Potential relief for macro pressure offers no respite for Bitcoin as BTC price action returns to new ten-month lows.
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Industry experts weigh in on SEC hiring more crypto cops The SEC's decision to expand its digital assets section was received well by industry experts and came as no surprise, given the growing interest in cryptocurrencies.
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