Quick Look

Struggle for Web3’s soul: The future of blockchain-based identity

The attention, one might suspect, has much to do with the participation of Buterin, blockchain’s wunderkind and the legendary co-founder...

BNB price risks 40% drop as SEC launches probe against Binance

Binance Coin (BNB) price dropped by nearly 7.3% on June 7 to below $275, its lowest level in three weeks. What’s more, BNB price...

Better infrastructure is crucial to crypto payments adoption, says Mecuryo CEO

Cryptocurrencies are gaining popularity globally but more needs to be done to achieve further adoption. Petr Kozyakov, CEO of crypto...

Cake DeFi issues $317 million in rewards to customers

Singaporean-based Cake DeFi has set a record for the amount it has issued to its customers in reward. <Body> Cake DeFi, the...

Gala’s Web3 Game GRIT Now Easily Accessible to Epic Games Store’s 194M+ Players

Jackson, USA, 7th June, 2022, Chainwire Gala Games, a pioneer in web3 entertainment, announced today that it is continuing to lead the way...

Bitcoin, Ethereum Technical Analysis: ETH Plunges Below $1,800 as Red Wave Intensifies

Following a move towards $32,000 to start the week, BTC was fighting to stay above $29,000 during Tuesday’s session. The red wave...

Ripple partners with Lunu to expand into the European luxury markets

Ripple, a prominent business blockchain solutions provider, has partnered with Lunu, a crypto-terminal operator and a payment provider...

Israel’s Most Prominent VC Pitango Launches First Labs Investment DAO to Bridge Web2 and Web3

Tel Aviv, Israel, 7th June, 2022, Chainwire Top web2 VC Pitango has launched First Labs, a thesis-driven web3 lab designed to bridge the...

Checkout.com unveils 24/7 stablecoin settlement solution powered by Fireblocks

Checkout.com, a global payments processor currently handling billions in online payments for merchants, has announced a new stablecoin...

Director of Listed Chinese Company Embezzles $8 Million, Uses Funds to Purchase Bitcoin Mining Rigs

A Chinese prosecutor is reported to have given a thumbs up to the arrest of a listed big data company director accused of embezzling $8...

Longer-term Bitcoin holder losses hit two year lows

Long-term Bitcoin holders are sitting on their largest losses since the March 2020 capitulation and the 2018-2019 bear market but may have...

Highlights June 7: BNB declines on SEC probe, GALA only coin in the green

The crypto market as a whole is bearish with most top 100 coins in the red at the time of writing. Top cryptos Bitcoin shed almost...

Fed forgets long-term dollar devaluation when pricing eggs in BTC

The St. Louis Federal Reserve stirred up a mix of amusement and curiosity from the crypto community on Tuesday, May 7, after publishing a...

Bitcoin ‘Bart Simpson’ returns as BTC price dives 7% in hours

Bitcoin (BTC) firmly recommitted to its trading range on June 7 after a fresh move higher was met with a swift sell-off. BTC/USD 1-hour...

Report: South Korea to Recruit Companies for Metaverse Content Creation Project

The South Korean science and ICT ministry has said it will recruit companies that will participate in its 2022 Metaverse Content Creation...

Bitso Partners With Addem Capital to Provide Cryptocurrency Investment Instruments in Latam

Bitso, the Mexico-based cryptocurrency exchange, has announced a new partnership with Addem Capital, a debt fund that provides startups...

Citigroup CEO: Europe More Likely to Head Into Recession Than US

Citigroup CEO Jane Fraser warns that a recession is more likely in Europe than in the U.S. Nonetheless, she stressed that it is not easy...

Bitfinex Bitcoin longs hit a record-high, but does that mean BTC has bottomed?

Bitcoin (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to...

Traders think Bitcoin bottomed, but on-chain metrics point to one more capitulation event

The bull market euphoria that carried prices to new highs throughout 2021 has given way to bear market doldrums for any Bitcoin (BTC)...

Lawsuit Claims US Labor Department’s Crypto Guidance Is Unlawful

The U.S. Department of Labor has been sued by a 401(k) plan administrator over its cryptocurrency guidance. “This lawsuit seeks to...

Elon Musk Accuses Twitter of ‘Material Breach’ of Agreement — Threatens to End $44B Deal

Tesla and Spacex CEO Elon Musk believes that Twitter is in material breach of the merger agreement with him, so he has the right to...

Wild West-Based Battle Royale Blockchain Game Grit Gets Listed on the Epic Games Store

On June 6, the Web3 entertainment company Gala Games announced that the Wild West-focused battle royale blockchain game Grit will soon be...

Reserve Rights (RSR) builds momentum ahead of its long-awaited mainnet launch

Bitcoin was created to give the average person a peer-to-peer economic system and a store of wealth asset that could provide financial...

How can Shiba Inu avert a brutal sell-off in the coming weeks?

Shiba Inu is currently trading sideways along a declining trend line. The coin has also managed to consolidate above an important support...

LUNA 2.0 Token Loses 56% Since Last Week, Whistleblower Accuses Terraform Labs of Owning Shadow Wallets

After climbing to $11.33 per unit seven days ago on May 30, Terra’s new LUNA 2.0 token has lost more than 56% in value against the...

Avalanche price eyes 30% jump in June with AVAX’s classic bullish reversal pattern

Avalanche’s AVAX token shows signs of continuing its ongoing rebound move as it paints a classic bullish reversal pattern. AVAX price to...

Amid crypto bear market, institutional investors scoop up Bitcoin: CoinShares

Digital asset investment products registered positive inflows last week, though the gains were mainly concentrated in Bitcoin (BTC) funds,...

Price analysis 6/6: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

After nine successive weeks of red weekly candles, Bitcoin (BTC) printed a green weekly candle on June 5. Leading into this week, buyers...

Ripple co-founder Jed McCaleb has sold 70 million XRP in two weeks

Ripple co-founder Jed McCaleb sold nearly 70 million XRP over the past two weeks, data from XRPscan shows. According to the data, the...

2 Tokenized Gold Crypto Projects Saw Massive Growth Over the Last 15 Months

15 months ago the price of one ounce of fine gold was $1,790 per ounce and since then, it has increased in value 3.51% to today’s...

Solana reminds me of my broken earphones

Solana’s ease-of-use, market-leading TPS and low fees are formidable qualities On the flipside, the latest shutdown marks eighth...

Eurovision Winners’ NFT Auction Raises $900K for Charity

Kalush Orchestra, the winners of the Eurovision Song Contest 2022, have successfully auctioned off an NFT for charity. The auction was...

Crypto 401(k): Sound financial planning or gambling with the future?

In April, United States-based retirement plan provider Fidelity Investments moved to allow 401(k) retirement savings account holders to...

Monthly NFT Sales Have Dropped Over 65% Lower Than the Month Prior, NFT Google Queries Sink

Non-fungible token (NFT) sales are down a great deal, as 30-day statistics show NFT sales recorded last month saw just over $4.6 billion...

Corporate evolution: How adoption is changing crypto company structures

Crypto-focused companies have come a long way since their beginnings in terms of corporate structure, employee motivation, decision-making...

Solana disables transaction feature to prevent future network outage

The temporary disabling of the durable nonce transactions allowed for block production to resume after last Wednesday’s network four...

Biggest Movers: ADA up 13% on Monday, THETA Moving Towards Multi-Week High

Crypto markets were mainly in the green to start the week, with several assets climbing by double digits on Monday. One of these was ADA,...

‘WeCryptoEco’ Opens the World’s Largest Solar Powered Farm to NFT Holders

Essex, United Kingdom, 6th June, 2022, Chainwire WeCryptoEco, the brainchild of business visionaries James Ross and Roderick Chisholm, is...

TRON upgrades USDD in the aftermath of TerraUSD collapse

USSD is the first over-collateralized decentralized stablecoin, with guaranteed minimum collateral ratio of 130%. The current collateral...

Purrfect match: The story of a young girl’s love of cats and NFTs

For all the cynical narratives that circulate the mainstream zeitgeist, which perceives nonfungible tokens (NFTs) as little more than...

Is Cardano ready for a go at $1? June’s hard fork FOMO lifts ADA price to weekly highs

Cardano (ADA) was among the best performers among the top cryptocurrencies on June 6 as traders assessed a key upgrade that promises to...

BTC price approaches $32K as analyst warns of ‘boring’ summer for Bitcoin

Bitcoin (BTC) retained new higher levels at the June 6 Wall Street open after BTC/USD snapped a nine-week losing streak. BTC/USD 1-hour...

Why is Cardano up by 11% in the last 24 hours?

The cryptocurrency market is having an excellent start to the week, with most of the cryptocurrencies currently in the green zone. The...

Nexus Dubai Projects: a Whole New Defi World Unveils

Dubai, UAE, 6th June, 2022, Chainwire NXD projects have products that possess amazing use cases for users to explore, such as the Nexus...

105 Countries Are Exploring Central Bank Digital Currencies, CBDC Tracker Shows

There are now 105 countries that are exploring central bank digital currencies (CBDCs). Among them, 50 countries are in an advanced phase...

Bitcoin, Ethereum Technical Analysis: BTC Surges Above $30,000 to Start the Week

Following a weekend which saw bitcoin trading mainly in the red, prices rebounded to start the week. BTC was once again above $30,000 on...

Survey: More Than 70% of Salvadorans Believe the Bitcoin Law Has Not Improved Their Personal Finances

A recent survey has offered some insight into the real opinions Salvadorans have about the implementation of the Bitcoin Law in the...

Bitcoin’s near-term volatility is largely irrelevant, says Michael Saylor

Bitcoin has performed poorly over the past few months, but MicroStrategy’s CEO believes that it is irrelevant in the long term....

Blockchain-based move-to-earn app Stepn under DDoS attacks after upgrade

Solana-based move-to-earn application Stepn has reported multiple denial-of-service (DDoS) attacks in the aftermath of the platform...

Gate․io’s Ninth Anniversary: The Remarkable Crypto Ecological Landscape

Gate.io is building on its success and evolving to become a remarkable crypto ecological landscape for its users, its ecosystem...

Highlights June 6: Cryptos in the green, Cardano soars

The crypto market is in full swing with most top 100 coins in the green at the time of writing. Top cryptos Major cryptos had a...

Japanese lawmakers pass stablecoin bill to safeguard crypto investors

Japanese lawmakers on Firday passed a bill for stablecoins to protect crypto investors. The bill comes a month after the TerraUSD (UST)...

Nigerian Blockchain and Crypto Association Introduces a Code of Conduct for VASPs

The Nigerian blockchain and crypto advocacy group, the Stakeholders in Blockchain Technology Association in Nigeria (SIBAN) recently...

EGLD price drops 6% as team starts investigating suspicious activity on Maiar DEX

The price of the EGLD token, which is the native token of Elrond Network is on the decline and has dropped by more than 6% today after an...

BTC price snaps its longest losing streak in history — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week with some fresh hope for hodlers after halting what has been the longest weekly downtrend in its history....

Bitfarms Worried About The Fall In Bitcoin Prices Amidst Its Investment Plan in Latam

Bitfarms, a global bitcoin mining company, has told that the price of bitcoin, above all other elements, is one of the most important...

Social media blamed for $1B in crypto scam losses in 2021

The United States Federal Trade Commission has labeled social media and crypto a “combustible combination for fraud,” with nearly half of...

Kim Dotcom Says ‘US Is Beyond Bankrupt,’ Digital Entrepreneur Predicts a ‘Controlled Demolition of Global Markets’

On June 5, 2022, the entrepreneur and activist known as Kim Dotcom published a post on Twitter and said it “may be the most...

Dubai’s Retail Giant Majid Al Futtaim Accepts Crypto at 29 Shopping Malls and 13 Hotels in Partnership With Binance

Leading shopping mall operator Majid Al Futtaim has partnered with Binance to accept cryptocurrencies at its malls and other properties....

SEC Launches Game-Show Campaign to Educate Investors in ‘a Playful Way’ – Crypto Included

The U.S. Securities and Exchange Commission (SEC) has launched a game-show campaign to help investors make informed decisions “in a...

Uganda Central Bank Says It Is Open to Crypto Firms Participating in Regulatory Sandbox

The Bank of Uganda (BOU) has hinted that it is open to the idea of crypto firms participating in the regulatory sandbox. The central...

Top 5 cryptocurrencies to watch this week: BTC, ADA, XLM, XMR, MANA

The bears are trying to extend Bitcoin’s (BTC) record of nine consecutive red weekly candles to ten weeks, but the bulls are trying to...

Avalanche Co-Founder Emin Gün Sirer Discusses Macro Conditions and AVAX Sliding in Value

The price of Avalanche has slid significantly since the crypto asset’s all-time high as the token has dropped 83% in value since...

3 reasons Ethereum price risks 25% downside in June

Ethereum’s native token Ether (ETH) has dropped more than half of its value in 2022 in dollar terms, while also losing value against...

Report: Ripple CEO Brad Garlinghouse Hints at Future Mergers and Acquisitions

While visiting the World Economic Forum (WEF) event in Davos, Ripple Labs CEO, Brad Garlinghouse discussed the firm’s growth...

Who accepts Bitcoin as payment?

This is a list of some of the biggest places that accept Bitcoin, such as Microsoft and Whole Foods.  First, we’re...

A Newly Published Book Claims to Tell the ‘Real Story Behind Mysterious Bitcoin Creator’

During the last 13 years, a great number of individuals have claimed to be the inventor of Bitcoin, but no single person has been able to...

Bitcoin price needs to close above $29,450 for its first green weekly candle since March

Bitcoin (BTC) kept traders guessing into the June 5 weekly close as BTC price action closely mimicked last weekend. BTC/USD 1-week candle...

2TM Group, Parent Company of Mercado Bitcoin, Lays off 90 Workers Amid Market Cool Down

2TM Group, a Latam unicorn and parent company of Mercado Bitcoin, a Latam-based cryptocurrency exchange, has announced it will execute a...

Localbitcoins User Pleads Guilty to Running Unlicensed Crypto Business — Faces Up to 5 Years in Prison

A cryptocurrency trader has been convicted in the U.S. for operating an unlicensed money-transmitting business using Localbitcoins and...

KryptoPips Creates the World’s First Multi-Broker Rewards Coin to Reward Various Trading Activities and Deliver Client Value

PRESS RELEASE. KryptoPips, the world’s first multi-broker rewards coin, allows brokers to reward their clients for participating in...

Yuga Labs’ BAYC, OtherSide Discord groups breached, over 145 ETH stolen

Yuga Labs, the creator of two of the most popular ape-themed nonfungible token (NFT) offerings — Bored Ape Yacht Club (BAYC) and OtherSide...

Bitcoin ATM installations record low in May, biggest drop since 2019

Bitcoin (BTC) ATM installations across the globe have seen a steep decline throughout the year 2022, with May recording just 202 new BTC...

Bank of America CEO: Regulation Won’t Let Us Engage in Crypto; Kiyosaki Talks Depression, Civil Unrest, and More — Bitcoin.com News Week in Review

The new LUNA records gains amidst controversy, “Big Short” investor Michael Burry and author Robert Kiyosaki weigh in on...

UAE Charitable Foundation Receives Approval to Accept Crypto Donations

Al Jalila Foundation, the United Arab Emirates charitable organization, recently announced that it has been given permission to accept...

Global Web3 metaverse and tax initiatives continue in the face of a market meltdown

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging...

US Regulator: Investors Reported Losing Over $1 Billion in Crypto to Scams Since 2021

The U.S. Federal Trade Commission (FTC) has revealed that more than 46,000 people have reported losing over $1 billion in cryptocurrency...

Do Kwon Unlikely to Face Criminal Charges in US, Say Legal Experts

Terraform Labs CEO Do Kwon is unlikely to face criminal charges in the U.S. over the collapse of cryptocurrency terra (LUNA) and...

Beyond the hype: NFTs can lead the way in transforming business experiences

Many businesses and big brands have already jumped on the nonfungible token (NFT) bandwagon, including Nike, the National Basketball...

Goldman Sachs President Warns of ‘Unprecedented’ Economic Shocks and Tougher Times Ahead

Global investment bank Goldman Sachs’ president and chief operating officer has warned of unprecedented economic shocks and tougher...

US Fed begins quantitative tightening, Japan restricts stablecoin issuance and LUNA 2.0 rides a price roller coaster: Hodler’s Digest, May 29-June 4

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst)...