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Cryptocurrency News

Location American Cryptocurrency News for 18 May 2022
DOJ Files First Criminal Complaint Against US Citizen Allegedly Using Cryptocurrency to Evade Sanctions The Department of Justice (DOJ) has filed its first criminal complaint against an American who allegedly used cryptocurrency to circumvent U.S. sanctions. “The payments platform advertised its services as designed to e...
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Elon Musk: US Economy Is Probably in Recession That Could Last 18 Months -- Warns It 'Will Get Worse' Tesla and Spacex CEO Elon Musk says that the U.S. economy is probably in a recession and it could be “tough going” for 12 to 18 months. He added: “The honest reason for inflation is that the government printed a zi...
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Biggest Movers: ATOM Remains Close to 1-Year Lows, as DOT Declines 8% ATOM moved closer towards a one-year low on Wednesday, as prices dropped by nearly 10%. This came as DOT also declined during today’s trading session, when global crypto markets fell by over 3% as of writing. Cosmos (A...
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Axie Infinity, NFT and Other Projects Fall Victims of a Phishing Attack Messaging platform Discord servers of multiple large NFT collections and crypto projects, including play-to-earn game Axie Infinity, have been compromised, with attackers publishing phishing links that appear to be NFT m...
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Bitcoin and Ethereum Stuck Near Key Levels, Altcoins Struggle Bitcoin price is struggling to gain momentum above USD 30,000 and is currently (11:46 UTC) trading near USD 29,850 while holding the key USD 29,000 support. A downside break below USD 29,000 could start a stronger bearis...
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Web3 Gaming Company Metatheory Raises $24 Million With Backing From A16z, Pantera, and FTX Metatheory, a Web3 gaming company founded in 2021, has announced it has raised $24 million in a Series A funding round. The investment round, which was led by big VC names in the crypto space like a16z, also had the part...
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Japanese City to Launch Metaverse Project with Entertainment Industry Behemoth Local Japanese government bodies are set to begin metaverse projects - and may make use of NFTs and avatars in a new virtual space. The ball is beginning to roll in Yabu, a city in the nation's Hyogo Prefecture, where lo...
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South Korea Launches 'Emergency' Investigation Into Collapse of LUNA and UST South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchanges to provide infor...
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Billionaire Investor and Galaxy Digital CEO Mike Novogratz Addresses the Terra LUNA and UST Fallout On May 18, the billionaire investor and crypto proponent Mike Novogratz published a post about the recent Terra blockchain fallout. Novogratz and his firm Galaxy Digital were big believers in the Terra project, and the i...
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Ethereum Leads in Web3, but Multiple Winners Possible - a16z Report Ethereum (ETH), the second most valuable blockchain network in the world, still dominates the Web3 landscape due to its early start, although other blockchains such as Solana (SOL) are trying to catch up, a new report fr...
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Price analysis 5/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB Ailing stock markets continue to impact crypto prices and technical analysis suggests BTC is at risk of falling below its recent $25,500 low.
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Aave Launches Social Media Project Lens Protocol With Over 50 Apps Built on Polygon The blockchain firm Aave has launched the Lens Protocol, a social media project with applications built on the Polygon blockchain. Lens is similar to the social media platform Twitter but Lens profiles are linked to a no...
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From Silence to Humbling Hell - Major Terra Backers Keep Low Profile as the Small Guy Is 'the Biggest Loser' Major Terra (LUNA) backer Mike Novogratz of Galaxy Digital is still largely silent on the downfall of LUNA and the terraUSD (UST) algorithmic stablecoin, while some other institutional investors have put out vague statem...
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Analysts assess the aftermath of the Terra (LUNA) collapse | Cointelegraph interview Mike McGlone, senior commodity strategist at Bloomberg, and financial commentator Frances Coppola discuss the implications of last week's Terra collapse in Cointelegraph's latest interview.
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An Anime Action Adventure: YOANN․IO Seed Launch on KICK․IO PRESS RELEASE. Metaverses are here, and they are the next generation of gaming. That’s why KICK.IO launchpad is excited to be hosting the public sale of YOANN.IO, an Anime Action Adventure. YOANN.IO empowers players to...
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2 key Ethereum price metrics suggest traders will struggle to hold the $2K support level ETH bulls are aiming to flip $2,000 back to support, but these two metrics point toward further downside.
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Russia's First Digital Financial Assets Expected This Year, Lawmaker Says The first digital financial assets based on Russian blockchains may be issued as early as this year, a high-ranking parliamentarian announced. Three platforms are already registered as issuers, said Anatoly Aksakov, who ...
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Legal Storm Brewing for Terra's Do Kwon & Co as 'Hundreds' of Investors Ready Complaints Another headache appears to be incoming for Do Kwon (full name Kwon Do-hyeong) and his company Terraform Labs - with investors in South Korea ready to wage a legal battle against the CEO. Munhwa Ilbo reported that as man...
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G7 to Discuss Crypto, Aave's Lens Protocol Goes Live, Terra's Team Shrinks + 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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CoinCorner Launches NFC-Enabled Bitcoin Card Powered by Lightning Network Crypto exchange and web wallet provider CoinCorner has announced the launch of its Bolt Card, a contactless Bitcoin (BTC) card powered by near-field communication (NFC) and the Lightning Network (LN). The card allows use...
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3 Members of Terraform Labs' In-House Legal Team Abruptly Leave Amid LUNA, and UST Fallout Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s in-house litigation, regula...
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Coinbase Slows Down Hiring Plans Amid Market Downturn, Lower Financial Results The ongoing downturn in the crypto markets is triggering changes to the hiring plans by some of the major industry players, with crypto exchange Coinbase announcing it will slow down its expansion plans with regard to cr...
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