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Cryptocurrency News

Location American Cryptocurrency News for 21 May 2022
Facebook Owner Meta Files Trademark Applications for 'Meta Pay' Covering Crypto Services Meta Platforms Inc., formerly Facebook, has filed five trademark applications for “Meta Pay.” The filings cover a wide range of cryptocurrency services. The company is renaming Facebook Pay to Meta Pay. Trademark App...
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G7 Finance Leaders Call for Swift and Comprehensive Crypto Regulation The G7 finance ministers and central bank governors have called for a swift and comprehensive regulation of crypto assets. The G7 decision followed the recent crypto market turmoil, including the collapse of cryptocurren...
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Bitcoin, Ethereum Technical Analysis: ETH Back Below $2,000 to Start the Weekend ETH started the weekend trading below $2,000 as the price consolidation in crypto continued. Bitcoin is also trading lower during Saturday’s session, with the world’s largest cryptocurrency once again falling under $...
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ETH Co-Founder Vitalik Buterin Says The Merge Could Happen in August, There's Also 'Risk of Delay' Following the statements from Ethereum developer Preston Van Loon at the Permissionless conference, Ethereum co-founder Vitalik Buterin has further confirmed The Merge will likely happen in August. Buterin noted, however...
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Draft Law About NFTs Submitted to Russian Parliament Lawmakers have filed a bill with the State Duma aimed at introducing the term NFTs to Russian legislation. The authors of the draft say the rights of those who own non-fungible tokens need to be protected as Russians are...
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Dubai Creates Committee to Help Cement Its Position as 'Key City in the Metaverse' The rulers of Dubai have created a committee that is mandated with tracking the latest developments in the digital economy. The committee is also expected to bolster the rulers’ quest to make Dubai a “key city in the...
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Crypto's Barren Wasteland: A Look at What's Left of Terra's Defi and Token Ruins Following the Terra blockchain fallout and the great UST de-pegging event, the Terra network ecosystem is now a wasteland of almost worthless tokens and protocols. While both UST and LUNA were top ten crypto market cap c...
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Ethereum Has Destroyed $8.10 Billion in Ether, ETH Scarcity to Increase After The Merge According to current metrics, the Ethereum blockchain has burned 2.35 million ether since the implementation of Ethereum Improvement Proposal (EIP) 1559. The $8.10 billion in value was burned over the course of nine mont...
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Biggest Movers: SOL Slips Again as ATOM Drops 10% to Start the Weekend SOL was trading lower to start the weekend, as prices slipped on Saturday. This comes as bears re-entered the market following a week of consolidation. ATOM was one of the biggest movers, falling by 10%. Cosmos (ATOM) Af...
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Bitcoin ends week 'on the edge' as S&P 500 officially enters bear market Down 20% from its latest peak, the S&P 500 now meets the definition of bear market territory in a warning sign for risk assets everywhere.
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Inflation Should Be Viewed as Public Enemy Number 1

Crypto News - 21 May 2022 13:00
Inflation Should Be Viewed as Public Enemy Number 1 Jannie Rossouw, Visiting Professor at the Business School, University of the Witwatersrand._____ Inflation is a process of sustained increases in the general price level over a period of time, typically 12 months. Inflat...
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Survey Shows 87% of Americans Are Stressed About Inflation and Rising Costs of Everyday Goods As the consumer price index (CPI), a measure of prices for goods and services, hit another all-time high in April reaching 8.3%, Americans are stressed out more than ever about inflation and money. A recent survey publis...
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Needed: A massive education project to fight hacks and scams Scams are shattering mainstream confidence in crypto, perhaps irreparably. A large-scale, coordinated education initiative can help ensure that they don't.
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Arthur Hayes to serve 2-year probation owning up to BitMEX's AML mishap Despite the imminent possibility of serving jail time, proactively owning up to the allegations resulted in Hayes being sentenced to six months of house arrest and two years of probation.
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A16z Launches $600 Million Web3 Gaming Focused Fund

Bitcoin.com - 21 May 2022 07:30
A16z Launches $600 Million Web3 Gaming Focused Fund A16z has launched a new fund that seeks to invest $600 million in gaming experiences including Web3 and metaverse. The fund, which seeks to build the future of the gaming industry, aims to back several startups and proje...
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BitMEX Co-founder Arthur Hayes Spared from Prison

Crypto News - 21 May 2022 07:26
BitMEX Co-founder Arthur Hayes Spared from Prison In the US, BitMEX co-founder and former CEO Arthur Hayes was sentenced to two years' probation and will spend the first six months of his sentence in home confinement. As reported, Hayes and two other BitMEX co-founders ...
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What Is Cryptocurrency Utility and Why It's Important for the Development of Crypto Payments James A. Ray, Board member at Kyrrex financial ecosystem. _____Cryptocurrencies have come a long way in the recent decade, evolving from a marginalized payment method for questionable transactions to publicly traded inst...
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