The crypto market is extremely negative with most top 100 cryptocurrencies deep in the red at the time of writing.  Crypto exchanges saw more than a billion in liquidations. The highest was crypto exchange OKX with $393 million, followed by Binance at $389...

Russia’s Bitriver, one of the largest operators of crypto mining data centers, may take legal action against the U.S. over the decision to place it under sanctions. The company insists it does not help the Russian government to circumvent international...

Bitcoin (BTC) fell out of its long-term trading range on May 12 as ongoing sell pressure reduced markets to 2020 levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tether wobbles as UST stays under $0.60 Data from Cointelegraph Markets Pro and...

Masterminds of one of South Africa’s biggest bitcoin Ponzi schemes, Mirror Trading International (MTI), have been asked by the scheme’s liquidators to pay back over $291 million to cover the scam operation’s debts. Liquidators’ Influence...

Bitcoin proponent and MicroStrategy CEO Michael Saylor has welcomed the U.S. Financial Accounting Standards Board (FASB) vote to review accounting rules for digital assets and commodities. As it stands under current FASB guidelines — which is the source of...

The Nasdaq-listed cryptocurrency exchange Coinbase has revealed that it halted operation in India a few days after launch due to “informal pressure” from the country’s central bank, the Reserve Bank of India (RBI), says CEO Brian Armstrong....

The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected by Law in China The Shanghai High People’s Court has declared...

ApeCoin (APE), the new cryptocurrency that was recently launched by Yuga Labs, aims to be the bedrock of the Otherside metaverse and recently, the token has experienced massive volatility leading into and after its digital land sale. APE’s price dropped from $26 at...

Bitcoin (BTC) price initially bounced from its recent low at $29,000 but the overall market sentiment after a 25% price drop in five days is still largely negative. Currently, the crypto “Fear and Greed Index,” which uses volatility, volume, social...

Economist Nouriel Roubini, a crypto skeptic known as “Dr. Doom,” is developing a tokenized asset intended to be a more resilient U.S. dollar. “Our goal is to create a global store of value … This is something akin to a substitute for...

The knock-on effect of the collapse of Terra (LUNA) and its TerraUSD (UST) stablecoin have spread wide across the cryptocurrency market on May 11 as projects with any kind of association with the DeFi ecosystem have seen their prices hammered. The forced selling of...

Several major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to remove “the barriers to wide-scale crypto adoption.” The latest funding round...

Pressure from the Kremlin and sanctions from the West have forced Russian news outlet Meduza to increasingly rely on cryptocurrency donations to fund its independent journalism. As the restrictions imposed over Moscow’s invasion of Ukraine have prevented its...

Play to earn is by far one of the most exciting new frontiers in crypto. After the massive success of Axie Infinity, newer more exciting projects in play to earn are steadily coming out. But why would you even consider this niche? Here are some reasons: Play-to-earn...

The crypto market has been on the ropes over the past week. Most coins have sharply fallen, and the worst is yet to come. This correction might continue for a few extra months, and it can be tempting to sell off your assets. However, here is why it makes sense to...

Bitcoin (BTC) bounced back from ten-month lows on May 11 as the start of Wall Street trading gave bulls some relief. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView One day, $860 million more crypto liquidations Data from Cointelegraph Markets Pro and...

The crisis with Terra’s stablecoin TerraUSD (UST) and the freefall in Terra’s LUNA token has dented crypto sentiment further. Although Terraform Labs CEO Do Kwon announced a relief plan, the community does not seem too hopeful about the revival. Another hindrance to a...

Terra (LUNA) has continued its sharp decline from the start of the week. The ecosystem which is known for its stablecoins is experiencing its worst crash in months, and there are fears that the worse is not even over. Here are the key latest developments: LUNA has...

Polygon (MATIC) has started to show signs of recovery after a steep correction over the last week or so. The decline in price is part of a broader slump in the wider market, but MATIC appears to be consolidating for its next leg up. Here are the main facts: MATIC has...

Bitcoin (BTC) appears to have slightly recovered after one of its worst crashes in 2022. The coin had fallen below $30,000 for the first time since July last year. However, it rebounded sharply in a few days. Here are the main takeaways: BTC is currently hovering...

Shiba Inu (SHIB) has been recovering from the massive sell-off in crypto over the last few days. The coin looks like it has some significant upside and could outperform other major coins on its road to recovery. More price analysis to come later but first, key...

The Safemoon price is in a sharp freefall as investors doubt whether the coin will survive the current sell-off. The SFM token has declined in the past seven straight weeks and the situation is getting worse. It is now trading at 0.00030, which is the lowest it has...

It goes without question that there has been an influx of excited investors piling into Web3 and this is despite the decrease in total volume sales in the last seven days. Since the start of May, the total market capitalization for nonfungible tokens (NFTs) rose to...

Solana, NEAR and AVAX were all trading over 20% lower on Wednesday, as global crypto markets continued to fall on hump-day. The cryptocurrency market cap is currently down 6.35%, as traders continued to digest the recent crash in the price of LUNA and UST. Solana...

Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to the current $139.81 billion. The sudden value drop stemming from Terra’s native...

The creator of the Fearless Girl statue in New York, which stands for the empowerment of women, has brought the emblem into the crypto space by dropping a nonfungible token (NFT) counterpart for the symbolic art piece. In an interview with Cointelegraph, sculptor...

Bitcoin (BTC) dropped by $1,500 in minutes on May 11 as the latest United States inflation data delivered mixed sentiment on the economic outlook. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin puts in fresh 10-month lows Data from Cointelegraph...

Even though the cryptocurrency market seems to be going through a bit of a lull at the moment, there’s no denying the fact that the industry has grown from strength to strength over the last few years, especially from an adoption perspective. To this point, a recent...

As I go about the Miami conference, I wonder, Aside from some of the conference speakers, where are these Bitcoin maximalists I keep hearing so much about? When I tell the customs official I’m going to Miami for the Bitcoin 2022 conference, there seems to be a light...

VeChain is a leading blockchain project that was built by a former senior executive at LVMH, the biggest luxury brand in the world. The original goal of VeChain was to help companies handle their supply chain challenges in a simple decentralized ecosystem. In this...

During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value against the U.S. dollar in 24 hours....

Avalanche (AVAX) price seems to be heading the same way as Terra (LUNA) mainly because it is one of the collateral assets that maintain TerraUSD (UST), Terra’s new stablecoin; the other collateral asset is the US Dollar which the UST has unpegged from. After the...

Galaxy Digital Holdings Ltd. has announced plans to repurchase roughly 10.6 million ordinary shares, comprising 10% of the company’s public float. The financial services and digital assets firm said this in a press release on Wednesday. Per the firm, whose...

Do Kwon, CEO of Terraform Labs, will not admit defeat. After an 18-hour wait in which his coins Terra (LUNA) and TerraUSD (UST) endured a face-ripping freefall, Do Kwon has announced his “rescue plan” for the Terra community. Terra is down 90% from its all-time highs,...

Avalanche (AVAX) is paying the price for being one of the collateral assets that maintain Terra’s native stablecoin TerraUSD’s (UST) peg with the U.S. dollar. Major AVAX dump ahead? AVAX’s price dropped about 30% to reach $32.50 on May 11, its lowest...

Following a fall below $30,000 on Tuesday, BTC marginally rebounded, as prices began to consolidate above support. ETH was also higher in today’s hump-day session, climbing above $2,400 in the process. Bitcoin Bitcoin’s bleeding somewhat eased on...

Many Cubans were left without an internet connection last summer due to attempts at censorship. In March, Cubans also faced further disruption after an accidental break in the fibreglass of the capital Havana, and mobile internet in Cuba was only set up three years...

President Vladimir Putin has approved amendments to his own decree requiring Russian citizens running for office to declare their property abroad. The updated regulation lists cryptocurrencies among the assets that candidates should report to the state. President...

LUNA has dropped more than 90% in the past 24 hours, while UST remains more than 54% off its dollar peg at $0.43. Terraform Labs CEO Do Kwon has outlined how the cryptocurrency platform plans to handle the de-pegging from the US dollar that has over the past few hit...

The Terra LUNA price has crashed hard after the weak performance of the UST stablecoin. The coin has crashed from an all-time high of $120 to the current $2.8. Terra USD stablecoin has also crashed from $1 to about $0.45. Here are some of the top cryptocurrencies...

The prices of Bored Ape Yacht Club (BAYC) NFTs have been on a downtrend for the last six consecutive days as the wider crypto market crash turns into a catastrophe The crypto market crash does not only have a direct impact on the crypto industry but also on all other...

Do Kwon has urged holders of LUNA to “stay strong,” as the price moves ever closer to zero. Following the UST stablecoin losing parity with USD, prices have plunged, falling to a new low this morning. LUNA, UST Tumble Toward Zero As of writing, LUNA/USD...

Panic appeared to set in on crypto markets overnight on May 11 as Blockchain protocol Terra failed to steady its bleeding crypto assets. Data from Cointelegraph Markets Pro and TradingView showed both the firm’s in-house token, Terra (LUNA) and stablecoin, TerraUSD...

Bitso, a Mexico-based cryptocurrency exchange, is expanding its range of crypto investing options. The company has announced it will now allow customers to earn funds just by holding bitcoin or stablecoins in its wallet. The program, called Bitso+, will offer...

The Indian government has cracked down on cryptocurrency activities in recent years. Cryptocurrency exchange Coinbase has revealed that it halted its trading activities in India due to the informal pressure from the Reserve Bank of India (RBI).  The RBI, like...

After weeks of hyping due to the TerraUSD (UST) stablecoin release, the LUNA token has been forced to bite a humble pie after the same stablecoin de-pegged from the US dollar causing its price to drop massively.  The price of LUNA, the native token of Terra has...

Kucoin, a Seychelles-based cryptocurrency exchange, has announced it has raised $150 million in a pre-Series B funding round. The negotiation, which was led by Jump Crypto with the participation of other investors including Circle Ventures, IDG Capital, and Matrix...

The crypto market as a whole continues to suffer with most top 100 coins in the red at the time of writing.  Top cryptos Bitcoin lost around 5% in the last 24 hours, trading below $31,000. Ethereum and XRP suffered similar losses. The second biggest crypto is...

The cryptocurrency market has continued its poor start to the week, losing more than 6% of its value in the last 24 hours.  The crypto market has been performing poorly since the start of the week. The market has lost nearly 7% of its value in the last 24 hours,...

Against the backdrop of all-pervasive market gloom, Maker DAO’s MKR token is a ray of hope. Its global traffic is consistently increasing, with most of it appearing to be from Poland, Korea, Japan and Russia.  Maker revealed the highly anticipated launch...

After its stablecoin lost its currency peg to the USD, Terra entered a downward spiral. The tendency continues today, even more prominently than yesterday, when LUNA “only” lost half of its value.  Terra had dropped to #14 on Coinmarketcap, but today,...

United24, a new fundraising platform announced recently by Ukrainian President Volodymyr Zelenskyy, accepts a number of cryptocurrencies, alongside traditional payment methods. The initiative also permits donors to choose how their money will be spent. Kyiv Launches...

The VeChain Foundation has released its financial report for Q1 2022 showing that the project amassed an impressive $1.2 billion war chest but only spent about $4.1 million in the quarter. VeChain (VET) is a blockchain project designed to enhance supply chain...

De Beers, one of the leading diamond-producing companies globally, recently announced the deployment of its blockchain-based diamond source platform at scale. The platform will “enable the provision of provenance information from source to Sightholder to store...

Delivering the Queen’s Speech, Prince Charles outlines the British government’s plans to support the safe adoption of cryptocurrencies and create “powers to more quickly and easily seize and recover crypto assets.” UK Government Plans to...

As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten the country’s financial stability. Treasury Secretary Janet...

MicroStrategy’s CEO and Bitcoin proponent Michael Saylor is confident his firm’s BTC holdings will more than cover a potential margin call on Bitcoin-backed loans. The American business intelligence and software giant made headlines in 2021 with a number of major...

The similarity in price action between the crypto and traditional financial markets remains quite strong on May 10 as traders enjoyed a relief bounce across asset classes following the May 9 rout, which saw Bitcoin (BTC) briefly dip to $29,730. Market downturns...

The Nigerian central bank digital currency (CBDC) wallet app is set for an update that will see users given the ability to pay for utilities like pay television and for topping up airtime. The addition of the unstructured supplementary service data (USSD)...

A group of eight organizations focused on the environment have called on different government agencies under the Biden administration to implement new approaches in response to Proof-of-Work and other crypto mining operations. In a letter to the United States Office...

Non-fungible token (NFT) markets are starting to feel the pain from the crypto market carnage that’s taken place during the last week. Over the last seven days, NFT sales have dropped 42.85% lower than the previous week. NFT sales on Ethereum were hit the...

United States Secretary of the Treasury Janet Yellen called on U.S. lawmakers to develop a “consistent federal framework” on stablecoins to address risks to financial stability. In a Tuesday hearing of the Senate Banking Committee on the Financial Stability...

Polygon (MATIC) price reversed course to the upside on May 10 after testing $0.794 as its interim support, thus rising by up to 25% to $0.99. The rebound occurred a day after the token slumped over 17% to reach $0.787, its lowest level since July 2021, amid a global...

The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2, 2022, the crypto economy has dropped more than 15% from $1.83 trillion to today’s $1.54 trillion. The price of...

LUNA was down by over 50% in today’s session as markets continued to react to UST losing its parity with USD. As such traders lost faith in the stablecoin founded by Do Kwon, which dropped to its lowest point since September. Whilst LUNA stole the headlines,...

Bitcoin price fell sharply on Monday to break below $30,000 and register its lowest level since July 2021.  As the sell-off in the crypto market mirrored Monday’s bloodbath on Wall Street to hit lows of $29,996, over 40% of Bitcoin supply slipped into an...

The broader crypto market has started May on a somewhat disappointing note. Some of the major coins like Bitcoin and Ethereum have all fallen sharply from their rallies in April. While this is concerning, it means there is also a good opportunity to buy decent dips....

The broader crypto market declined sharply at the beginning of May. Most coins in the top ten have all fallen by double figures since the beginning of the month. The dip however presents investors will have a decent chance to buy promising coins at a very discounted...

Ethereum’s native token Ether (ETH) has grown stronger against its rival for the top position — Bitcoin (BTC) — despite an ongoing crypto market rout. But can the ETH/BTC pair continue to rally in the coming months? Let’s look at the charts. Ethereum pares...

Bitcoin (BTC) mining has always been a controversial topic. But, Bitcoin’s proof-of-work (PoW) model has reached new levels of concern as senior decision-makers and investors pay closer attention to environmental, social and governance factors. As such, manycrypto...

Bitcoin Cash is preparing to include two significant improvements in its upcoming upgrade. Programmed to happen on May 15, the Bitcoin Cash Improvement Proposals (CHIPs) approved to be included are CHIP-2021-03, which brings bigger script integers to the chain, and...

Bitcoin plunged below $30,000 for the first time in eleven months, as bears continued to run rampant in crypto markets. This move came as Luna Foundation Guard was said to be liquidating close to $1.5 billion worth of BTC. Ethereum also fell to multi-month lows, as...

On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on...

Bitcoin (BTC) upended buy trends through May 10 as BTC/USD sank below $30,000 for the first time since July 2021. Data from on-chain analytics firm CryptoQuant showed exchange reserves start increasing as panic gripped crypto markets. BTC flows back to exchanges After...

Bitcoin (BTC) is for all. For you, for Michael Saylor in Miami, and for 38-year-old Jorge, a Mozambican family man who’s using the largest cryptocurrency to make ends meet. Jorge, who goes by his first name for anonymity, lives in the tiny village of Bomba,...

Like most new-age networks, Solana was developed to resolve major issues confronting the blockchain industry. While the network has addressed some of these issues by its very nature. However, it has also encountered a few unique problems. From resource exhaustion to a...

LUNA is one of the worst performers amongst the major cryptocurrencies by market cap. The bearish sentiment in the market grows ticker as the market lost over $100 billion in the last 24 hours. The crypto market has lost more than 2% of its value in the last 24 hours...

The TerraUSD (UST) token crashed to lows of $0.61 on Monday as it massively de-pegged from the $1 peg even as the broader crypto market bled amid the worst sell-off of 2022. UST has since moved back up amid a raft of measures to reestablish the peg by the Luna...

NASA, the U.S. space agency, has partnered with Epic Games, the company behind Fortnite, to build a challenge for developers to help create a Martian metaverse experience. The challenge will include various tasks, including designing several key environments for...

Cryptocurrency and crypto-backed lending app Nebeus is always looking for innovative ways to help customers grow and get the most out of their crypto investments.  Nebeus users could already trade, buy, sell, and exchange Avalanche (AVAX). Now, they can also use...

The third-largest stablecoin by market cap Terra USD (UST) appears to be in a catastrophic tailspin which has seen it de-peg from the dollar and drop to as low as $0.67 on May 10. As its price has fallen, so has its market capitalization along with that of Terra...

Bitcoin (BTC) fell below $30,000 for the first time in ten months on May 10 as turmoil at Blockchain protocol Terra continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price bounces at $29,700 Data from Cointelegraph Markets Pro and...

KuCoin announces $150 million pre-Series B funding raise. The raise values the global crypto exchange at $10 billion. KuCoin will use the funds to build the next generation of its core trading system. Leading global crypto exchange KuCoin announced a $150 million...

PRESS RELEASE. Georgetown, Cayman Islands, May 10, 2022 – Today, HUMAN Protocol has announced that it has awarded a grant to VeritaTrust to power on-chain reviews. Following the announcement of HUMAN Protocol’s $10 Million funds dedicated to grants, this...

As the crypto community still tries to decipher Terra’s ongoing pegging-de-pegging fiasco in relation to its stablecoin offering TerraUSD (UST), major crypto exchange Binance temporarily suspended the withdrawals for Terra (LUNA) and UST on Tuesday. The market value...

Security breaches and hacks often highlight the risks of storing Bitcoin (BTC) on centralized exchanges. One analyst even claims that keeping your BTC on exchanges is also a factor for price dips. Rufas Kamau, research and markets analyst at Scope Markets Kenya,...

A new report has concluded that restrictions on cryptocurrency trading, as well as the banning of Twitter by Nigerian authorities, may have “crippled foreign direct investment in the fintech industry.” Foreign Direct Investment ‘Crippled’ A...

AMC integrated cryptocurrency payment options a few months ago, and it is starting to gain traction. AMC Theatres CEO Adam Aron has revealed that cryptocurrency and digital payment options are picking up for the company. AMC is one of the leading theatre chains in the...

Qualcomm, one of the largest fabless mobile chip makers, is very optimistic about the future of the metaverse and what it might bring for companies and consumers in the area. Qualcomm CEO Cristiano Amon believes that, while there is much to do in the development...

Crypto futures racked up more than $1 billion in liquidations in the past 24 hours amid major cryptos losing key support levels and weak market sentiment. Top cryptos Bitcoin (BTC) fell as much as 5% in the past 24 hours. Ethereum saw a similar loss. Dogecoin, XRP,...