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Cryptocurrency News

Location American Cryptocurrency News for 28 May 2022
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $29,000 to Start the Weekend Bitcoin bears re-entered the marketplace on Saturday, as prices moved closer to a multi-week low to start the weekend. BTC once again fell below $29,000, whilst ETH continues to move lower, and now hovers around $1,750. ...
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The increasingly acute need for crypto-native insurance

Coin Telegraph - 28 May 2022 04:17
The increasingly acute need for crypto-native insurance Traditional insurance isn't going to step up and protect our crypto assets, so we need to do it ourselves, in a decentralized manner.
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Terra (LUNA) 2.0 relaunches according to Do Kwon's revival plan The Terra 2.0 mainnet (Phoenix-1) went live today as per the original timeline set by Terra developers and started producing blocks.
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Tether Launches on Polygon, USDT Stablecoin Now Hosted on 11 Blockchain Networks Following the company launching a fiat-pegged tied to the value of the Mexican peso, Tether, the stablecoin issuer has announced the firm has launched tether tokens on the Polygon network. The Polygon integration follows...
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Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the secto...
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Bitcoin price action decouples from stock markets, but not in a good way Conflicting Bitcoin derivatives data shows leverage traders bullish, while pro traders fear a deeper correction below $29,000.
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Bored Ape and Cryptopunk Values Wobble -- During the Last Month, Blue-Chip NFT Floor Values Dropped Over 50% While the crypto economy has dropped considerably in value during the last few weeks, seven-day statistics indicate non-fungible token (NFT) sales are down 17.32% lower than last week. Data also shows NFT floor values ha...
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Terra Launches New Chain Airdropping LUNA 2.0 Coins -- Token Value Slides Over 70% From Price High On Saturday, May 28, 2022, LUNA classic and UST classic holders received an airdrop consisting of new LUNA 2.0 tokens based on two blockchain snapshots. The crypto asset’s first recorded value at 5 a.m. (ET), was $14.3...
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STEPN rebounds sharply after falling 80% in a month -- is GMT price bottoming out? GMT's downside pressure remains as an analyst calls STEPN a "hype-driven speculative frenzy."
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Dvision Network Announces Binance Custody as Its Custodian With DVI Token Supported PRESS RELEASE. In another groundbreaking achievement, the blockchain-based metaverse platform Dvision Network has just announced its official onboarding on Binance Custody. As such, Binance’s custody services arm will ...
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USDD vs UST: Is Justin Sun's New Stablecoin Just a Clone of UST? UST, a stablecoin that's supposed to maintain a price peg with the US dollar 1:1, spiraled out of control to reach as low as USD 0.10 this month. Following the momentous rise of UST in just a few months, only a few predi...
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Russia Considers Using Cryptocurrencies for International Settlements Authorities in Russia are mulling over the possible use of digital currencies for international payments, a high-ranking official from the finance ministry has indicated. If recognized as property, he noted, cryptocurren...
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Bitcoin price stuck below $29K as Terra LUNA comes back from the dead The launch of the new LUNA mainnet comes as problems persist for other well-known altcoins.
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Can a lesson in bimetallism help the long-term stability of Bitcoin and privacy coins? Will the potential long-term bear market of 2022 begin the push for increased privacy for people exchanging cryptocurrencies?
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Bitcoin network difficulty falls 4.3% to 29.897T, biggest drop in 10 months The network difficulty recorded a drop of 4.33% -- falling from 31.251 trillion to 29.897 trillion on May 26, just two weeks after attaining its all-time high.
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New Terra Blockchain Goes Live

Crypto News - 28 May 2022 08:59
New Terra Blockchain Goes Live After a delay on Friday, the new Terra (LUNA) blockchain started producing blocks on Saturday in an attempt to relaunch its ecosystem after a spectacular failure that erased billions in market value. "Today marks the beg...
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A16z Launches $4.5 Billion Crypto Fund Focused on Web3 Opportunities A16z, one of the most influential VC firms in the crypto field, has announced the launch of a new cryptocurrency fund to invest in the development of Web3 startups. This fourth crypto fund from the firm, which will launc...
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Latam Cryptocurrency Exchange Bitso Announces Layoffs Amidst Expansion to Colombia Bitso, one of the biggest cryptocurrency exchanges in Latam, has announced a series of layoffs due to the recent downturn in the cryptocurrency market. The exchange, which has a workforce of 800 workers, has decided to l...
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Elon Musk Says Spacex Will Soon Accept Dogecoin for Merchandise -- Starlink Subscriptions Could Follow Spacex and Tesla CEO Elon Musk says that dogecoin will soon be accepted at Spacex for merchandise, in the same way Tesla is accepting DOGE payments. Furthermore, Starlink subscriptions may also be paid with dogecoin “o...
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Senators Introduce Bill to Limit Use of China's Digital Currency in the US -- 'This Is a Major Financial and Surveillance Risk' Several U.S. lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The Chinese Communist ...
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