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Cryptocurrency News

Location American Cryptocurrency News for 12 May 2022
South Korean Court Gains Support from Exchanges in Bid to Include Crypto in Bankruptcy Cases South Korea's judiciary is set to include crypto holdings in lists of debtors' assets in bankruptcy cases - and the nation's leading crypto exchanges have agreed to cooperate with courts on the matter....
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Shanghai court affirms that Bitcoin is virtual property, subject to property rights A district court in Shanghai ruled for Bitcoin owner's right to compensation in case involving unpaid loan and decided on Bitcoin legal status in the process.
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Look out below! Ethereum derivatives data hints at further downside from ETH ETH options pricing and the top traders' long-to-short ratio signal a lack of confidence in the $1,700 support.
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Crypto-associated stocks hammered as COIN and HOOD drop to record lows The stock price of listed BTC mining companies and other businesses with exposure to cryptocurrency are dropping to yearly lows as the crypto market continues to sell-off.
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Google Searches Show Increased Interest in Buying Bitcoin & Ethereum as Prices Fall Data by Google Trends suggests that there is an increase in interest among people who seek to buy top cryptoassets like bitcoin (BTC) and ethereum (ETH) as prices hit multi-month lows. The interest in search terms "shoul...
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Nasdaq partners with XP to launch cryptocurrency exchange in Brazil The exchange, known as XTAGE, is currently scheduled to launch in Q2 2022.
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Germany outlines favorable tax guidelines, gains on BTC and ETH sold after a year tax-free Germany's Finance Ministry has released new cryptocurrency tax guidelines with no tax payable on gains from BTC and ETH sold 12 months after acquisition.
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Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to apply a patch to furt...
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3 reasons why bears aim to pin Bitcoin below $30K for this week's BTC options expiry BTC price is in a freefall and data suggests bears plan to keep the price below $30,000 until the May 13 options expiry.
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How long will the crypto bear market last? Raoul Pal's macro analysis In an exclusive interview with Cointelegraph, macro investor Raoul Pal analyzes the macro factors that are keeping the crypto markets under pressure and the triggers that could spark the next Bitcoin rally.
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Biggest Movers: AXS Jumps Over 20%, as MATIC Falls to 13-Month Low Despite the majority of tokens trading in red on Thursday, AXS was up by over 20% in today’s session. While LUNA dropped below $0.01 earlier today, MATIC was another notable crypto to fall, dropping to its lowest point...
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Two Clues for When Bitcoin Downturn Might End

Crypto News - 12 May 2022 19:00
Two Clues for When Bitcoin Downturn Might End As the crypto market crash continued on Thursday, analysts told Cryptonews.com that traders should keep a close eye on the bitcoin (BTC) price on Coinbase, as well as tether's (USDT) progress towards getting back to its ...
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Bitcoin could target $32K, says trader as LUNA crashes below one penny Bitcoin price action appears to be back with a bang as record-breaking long leverage builds on Bitfinex.
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Dogecoin eyes 'oversold' bounce as DOGE price gives up 90% of yearly gains Elon Musk could play a key role in reviving the Dogecoin market from the ongoing, TerraUSD-led bearish slumber.
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Most Wanted 'Cryptoqueen', Galaxy's Buyback, Delayed CBDC + 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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Uncovering Terra's Implosion -- Terraform Labs' Big Name Backers and 'Zero Exposure' Claims Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new ...
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UST Competitor Maker Erases Weekly Gains

Crypto News - 12 May 2022 16:41
UST Competitor Maker Erases Weekly Gains The price of the stablecoin protocol Maker's governance token MKR has erased all of its gains from this week, after spiking up by close to 90% on Wednesday. At the time of writing (12:18 UTC), MKR was trading at USD 1,11...
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Blackrock, Citadel, Gemini Deny Involvement in Terra Collapse The world’s largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In addition, crypto exchange Gemini has deni...
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Bitcoin, Ethereum Technical Analysis: BTC Slips to Its Lowest Point Since December 2020 Bitcoin fell below $30,000 for the second time this week, however today’s plunge saw prices fall to their lowest level since December 2020. BTC hit a low around $26,000 on Thursday, whilst ETH moved below $2,000 for th...
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Small-cap Stablecoins Struggle to Maintain Peg as Crypto Market Crashes Some smaller-cap stablecoins are struggling to maintain their targeted peg, which is mainly USD 1, amid a huge bloodbath in crypto that has wiped off billions from the market. The development follows a depeg seen by Terr...
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ApeCoin rebounds after APE price crashes 80% in two weeks: Dead cat bounce or bottom? APE risks crashing into unchartered price territory as it follows Bitcoin and the rest of the crypto market.
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Bitcoin, Ethereum, and Altcoins Try to Trim Losses, LUNA Tests New Lows Bitcoin price remained in a bearish zone below USD 30,000 support. BTC even broke the USD 27,500 support and spiked below USD 27,000. It is currently (11:47 UTC) correcting higher near USD 28,770 but is still down 9% in ...
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