Quick Look
Indian Government Finalizing Crypto Consultation Paper — ‘We Are Looking at a Global Paradigm on Digital Assets’
India’s economic affairs secretary has reportedly revealed that the government’s consultation paper on cryptocurrency is...
Bank of America CEO: We Have Hundreds of Blockchain Patents — But Regulation Won’t Allow Us to Engage in Crypto
The CEO of Bank of America says that his bank has hundreds of blockchain patents but regulations will not allow it to engage in crypto....
On-chain data shows Bitcoin long-term holders continuing to ‘soak up supply’ around $30K
Bear markets are typically marked by a capitulation event where discouraged investors finally abandon their positions and asset prices...
Price analysis 5/30: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
After creating the dubious record of nine successive red weekly closes, Bitcoin (BTC) is attempting to make amends by starting a price...
Ethereum price moves toward $2,000, but analysts say it’s just another ‘relief rally’
On May 30, the cryptocurrency market experienced a much-needed bounce that saw Bitcoin (BTC) climb above $30,900 and Ether (ETH) rally...
Cronos (CRO) struggles to break out despite major ecosystem developments
Cronos (CRO) has been one of the most underperforming coins in the market over the last few months. The coin has literally blown hot and...
The Fed’s Christopher Waller Wants 50 bps Rate Hikes Until Inflation Subsides, US Savings Data Plummets
Federal Reserve governor Christopher Waller has detailed he is ready to get behind 50 bps rate hikes until the extreme inflationary...
Shiba Inu (SHIB) could drop by around 15% before any bull run
Shiba Inu has seen a two-week period of price consolidation. There have been times when the coin has rallied but overall, the price action...
Ethereum (ETH) rebounds to hit $1900 – Can it keep going?
Ethereum (ETH) has managed to see some strong recovery this week. The coin has finally risen above $1900, and there could still be more...
Bitcoin (BTC) returns above $30,000 – Will we see a bull run this week
Bitcoin is kicking off the new week in good shape. After a lackluster month in May, the coin appears to be finding some decent uptrend....
DigiByte (DGB) faces a steep drop as sentiment in the market slows
DigiByte (DGB) has seen a decent change in trend over the last 24 hours. The coin has managed to see double-digit gains but despite this,...
Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism
This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi)...
Polygon MATIC price prediction: Ripe for a breakout
The Polygon MATIC price has been in a consolidation mode even after the important milestones in the network. The token is trading at...
Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish
On May 30, the total crypto market capitalization gained 4% and currently is within reach of a $1.3 trillion market capitalization. The...
Ethereum sell-off fears rise as crypto hedge fund moves $60M ETH to an exchange
Ethereum’s native token Ether (ETH) rose by more than 5% to reach its intraday high above $1,930 on May 30. Nonetheless, the ETH/USD...
AAVE price prediction after crossing an important resistance
The AAVE price rose to an important resistance on Monday as cryptocurrency prices continued rising. The token is trading at $109.20, which...
While the New LUNA Records Gains, Do Kwon’s Terraform Labs Is Plagued by Controversy and Accusations
It’s been two days since the Terra development team launched the new Phoenix-1 blockchain with the network’s native token...
MoneyGram to partner with Stellar blockchain for stablecoins remittance
MoneyGram, one of the world’s largest money transfer services, is preparing for a partnership with Stellar blockchain to allow its...
Bank of America is not offering crypto services anytime soon, says CEO
Bank of America doesn’t have plans to dive into offering crypto to its customers, according to the bank’s Chief Executive...
Esports Powerhouse Galaxy Racer Invests US$25M to Partner With $QUINT
PRESS RELEASE. 30th May 2022, Dubai, United Arab Emirates: Galaxy Racer (GXR), a transmedia powerhouse focused on e-sports, content...
Bitcoin ‘ready’ for $32.8K after consolidation as BTC price gains 6.3%
Bitcoin (BTC) stayed higher on May 30 as early week gains saw BTC/USD retain $30,500. BTC/USD 1-day candle chart (Bitstamp). Source:...
CeFi interest on the wane: Will BlockFi, Ledn and Nexo rates trend lower?
Generating a yield on crypto is increasingly tricky. The Terra ecosystem implosion — where up to $50 billion was wiped out — led to a...
Biggest Movers: ADA Hits 1-Week High, HNT Nearly 20% Higher on Monday
Cardano was nearly 15% higher on Monday, as crypto markets were mainly in the green to start the week. Despite gains from ADA, HNT was one...
Survey: Most Salvadorans Still Not Convinced About Bitcoin as Legal Tender
A survey conducted recently by the Center for Citizen Studies of the Francisco Gavidia University, a private institution in El Salvador,...
Gov’t says crypto miners consume 2% of total electricity in Russia
Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate. The...
Bitcoin, Ethereum Technical Analysis: BTC up to $30,000 to Start the Week
Bitcoin rose above $30,000 to start the week, with bearish sentiment marginally fading as we head into June. ETH also rallied on Monday,...
Report: Latam Countries Are Among the Most Enthusiastic About the Metaverse
A new survey has found people’s opinion of the metaverse in emerging countries is significantly more positive than in their...
Why is Elrond up by more than 18% today?
The cryptocurrency market is having a positive start to the new week, with most of the cryptocurrencies trading in the green zone. The...
Frodo Tech Aims to Create Environmentally-Friendly Blockchain Ecosystem That Is Open to Everyone
Frodo Tech aims to create an environmentally-friendly blockchain ecosystem based on a unique cryptocurrency service that all the people in...
Gate.io Announces Launch of Mirror World NFTs on NFT Box
Majuro, Marshall Islands, 30th May, 2022, Chainwire Gate.io, one of the world’s leading cryptocurrency exchanges with over 10...
Report: 42.9% of Turks View Gold as Best Form of Investment, Only 1.9% Would Invest in Crypto
A new study has found that nearly 43% of Turkish individuals surveyed consider gold to be the best form of investment, while just 1.9%...
The world of crypto and fiat are not compatible today, says MoneyGram CEO
The cryptocurrency market has recorded massive growth in recent years but there is still a long way to go to achieve worldwide adoption....
Investors dumping on Terra as LUNA 2 tanks 70% in two days
The price of Terra (LUNA) has tanked around 70% since the re-launch of the Terra ecosystem via Terra 2.0 on May 28. Under the revival plan...
‘Mega bullish signal’ or ‘real breakdown?’ 5 things to know in Bitcoin this week
Bitcoin (BTC) is bouncing back this week as a sudden surge challenges weekly highs. In what should provide some desperately needed...
Youtuber NasDaily’s Bitcoin buy is $200K underwater: ‘Be greedy and HODL’
Youtuber NasDaily endured a Bitcoin (BTC) baptism by fire. The entrepreneur and influencer with over 50 million followers invested...
Bitcoin Lightning Network capacity crosses 3900 BTC marking a new ATH
Unwithered by the ongoing bear market, Bitcoin’s (BTC) underlying architecture continues to outperform itself — further securing,...
Dogecoin up 5%: it’s trending on news of soon being accepted for SpaceX merchandise
SpaceX CEO, Elon Musk, has noted that the company will start accepting Dogecoin (DOGE) payments for its merchandise. The news comes after...
Highlights May 30: Week opens with impressive bull run of the crypto market
The crypto market is booming with all top 100 coins in the green at the time of writing. Top cryptos Bitcoin gained almost 6% in the...
Former Nintendo President States Gaming Companies Are Marching to the Metaverse
Former Nintendo of America President, Reggie Fils-Aimé, believes that the gaming industry is steadily going to integrate metaverse...
Top places to buy LUNA, the token of the new Terra 2.0 blockchain
After the Terra 2.0 blockchain was launched by Terraform Labs, it peaked at almost $20, only to shed 73% of its value the next day....
AKRO is rallying, up 13% today: here’s where to buy AKRO
The live Akropolis (AKRO) price today is $0.0056 with a 24-hour trading volume of $176.6 million. At the time of writing, Akropolis was up...
Nigerian Presidential Hopeful Says He Supports Digital Currencies but Wants the Industry Regulated
Nigerian presidential hopeful, Bukola Saraki, recently said he supports the digital currency industry which he claimed has created...
PlanetQuest and Immutable X Launch Community Friendly NFT Planet Sale
PRESS RELEASE. In a radically different approach to handling an NFT sale, PlanetQuest, has just launched its community friendly Planet...
Ethereum Transaction Fees Hit a 10-Month Low as Gas Costs per Transfer Sink Below $3
The average Ethereum network fee has dropped to the lowest value recorded in over ten months, after fees hit a low of $2.96 per...
Binance Obtains Regulatory Approval to Offer Crypto Products in Italy
Crypto exchange Binance has received regulatory approval from Italy’s financial regulator to operate as a cryptocurrency service...
‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more...
Recession or Prolonged Inflation: The Fed Must Decide Between Two Policy Mistakes, Says Economist
Allianz Chief Economic Advisor Mohamed El-Erian says the Federal Reserve will have to “decide between two policy mistakes.”...
Top 5 cryptocurrencies to watch this week: BTC, ETH, XTZ, KCS, AAVE
After declining for eight successive weeks, the Dow Jones Industrial Average rebounded sharply last week to finish higher by 6.2%....
Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian Bill
A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate...
Cardano has retreated by 90% from its all-time highs – Can it turn around?
Cardano (ADA) has officially entered the bear market. The coin has been on a downward retreat for the last few months. Although there have...
Terra Classic (LUNC) crashes by nearly 80% barely hours after its airdrop
The month of May was dominated by news of LUNA’s crash. This came after its dollar-pegged stablecoin UST fell by nearly 90% against...
Polkadot could still hit a bull run despite uncertainty
Polkadot (DOT) has finally managed to stop its prolonged correction. The price appeared to have settled a bit after bottoming at around...
High Volume Breakout could see sandbox hit $2.6
The Sandbox (SAND) has remained down for the best part of two weeks. Although there are some cases where the coin showed some bullish...
Free-to-Mint NFT Collection Goblintown Is Now Worth Over $50 Million
A non-fungible token (NFT) collection called Goblintown is capturing millions in sales, as the NFT project has recorded $22.85 million in...
Belarus Has Seized Millions of Dollars in Crypto, Chief Investigator Claims
Authorities in Belarus have mastered the seizure of cryptocurrencies, the head of the country’s Investigative Committee revealed in...
Bitcoin to set a new record 9-week losing streak with BTC price down 22% in May
Bitcoin (BTC) threatened to continue an unprecedented losing streak on May 29 as BTC/USD stayed in a right intraday range. BTC/USD 1-day...
Tips to claim tax losses with the US Internal Revenue Service
Crypto volatility is nerve-wracking, and it may not be over yet. The turmoil may make crypto investors and crypto-related businesses less...
DAI Takes the Reigns as the Leading Decentralized Stablecoin by Market Capitalization
Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in...
F1 Monaco GP: Bybit’s Red Bull Racing NFTs, crypto-F1 partnerships and more
Crypto has taken over the world, and Formula One was no exception to the disruption. From NFTs and fan tokens to multi-year partnerships,...
In the Economy 3.0, metaverses will create jobs for millions
Job creation is traditionally engineered by politicians desperate to get the country back to work and to be seen as stimulating the...
SpaceX to follow Tesla in accepting DOGE payments for merch: Elon Musk
Just four months after EV manufacturer Tesla started accepting Dogecoin (DOGE) for merchandise purchases, Elon Musk announced his plan to...
What is ApeCoin and how does it work?
The first quarter of 2022 was abuzz with the talks about ApeCoin (APE), a cryptocurrency adopted to be the native coin of Bored Ape Yacht...
F1 Monaco GP: Bybit’s Red Bull Racing NFTs, crypto-F1 partnerships, more
Crypto has taken over the world, and Formula One was no exception to the disruption. From NFTs and fan tokens to multi-year partnerships,...
Desperate LUNA Investor Arrested, New Terra Network Announced, Davos Blockchain Talk, and More — Bitcoin.com News Week in Review
From a desperate investor’s ill-advised visit to Terra co-founder Do Kwon’s house resulting in an arrest, the announcement...
Chinese Crypto Regulations Force NFT Gaming App Stepn to Block Mainland Users
China’s anti-crypto regulations have reportedly forced the non-fungible token (NFT) game, Stepn, to exclude users from the mainland...
Identity is the antidote for DEXs’ regulation problem
Regulators from Europe, the United States and elsewhere are busily hammering out details on how to designate decentralized exchanges...
Bank of Russia Steps Up Efforts to Issue Digital Ruble Due to Sanctions
The Central Bank of Russia (CBR) has accelerated the development of its digital ruble in response to Western sanctions. The monetary...
Is there a secure future for cross-chain bridges?
The plane touches down and comes to a halt. Heading to passport control, one of the passengers stops at a vending machine to buy a bottle...
Sequel to Iconic RPG Ni No Kuni to Feature NFT Integration and Play-to-Earn Mechanics
The new installment of Ni No Kuni, an RPG franchise brought by independent gaming studio Level 5 and animated by Studio Ghibli, has...
India’s Central Bank RBI to Adopt a ‘Graded Approach’ to Digital Currency Launch
India’s central bank, the Reserve Bank of India (RBI), has proposed to adopt a “graded approach” to launching the...
Elon Musk: We’re Approaching a Recession but It’s ‘Actually a Good Thing’
Tesla CEO Elon Musk believes the U.S. economy is approaching a recession but he explained why it is “actually a good thing.”...
Bitcoin price action decouples from stock markets, but not in a good way
This week the stock markets began to flash a little green and Bitcoin (BTC) is decoupling from traditional markets but not in a good way....
JPMorgan sees higher BTC price potential, a16z unveils $4.5 billion crypto fund and PayPal hints at more crypto involvement: Hodler’s Digest, May 22-28
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst)...
Report: FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition Deals
Billionaire and FTX co-founder Sam Bankman-Fried said the leading crypto asset exchange aims to make a number of acquisitions and could...
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...
Avalanche v Solana – Which one is a better buy?
After the Terra collapse, increased risk perception could see AVAX outperform SOL. Key Points: Avalanche is a platform blockchain that can...
The increasingly acute need for crypto-native insurance
The insurance industry has a long history of providing vital support for major leaps in innovation. It’s no coincidence that the modern...
Identity and the Metaverse: Decentralized control
“The Metaverse” and “Web3” are the buzzwords of the moment, with their concepts permeating across the worlds of fintech, blockchain, and...
Can a lesson in bimetallism help the long-term stability of Bitcoin and privacy coins?
The crypto market has been on a downward trajectory since the tail end of 2021. In early May 2022, it culminated in a dip that impacted...
Finance Redefined: Uniswap breaches $1T volume, WEF 2022 discussion on Terra, and more
The decentralized finance (DeFi) ecosystem continues to struggle with the ongoing market volatility and after-effects of the Terra...
Bitcoin price stuck below $29K as Terra LUNA comes back from the dead
Bitcoin (BTC) analysts faced another day of frustration on May 28 as BTC/USD refused to offer volatility up or down. BTC/USD 1-day candle...
NFT 2.0: The next generation of NFTs will be streamlined and trustworthy
Nonfungible tokens (NFTs) have been in the headlines for the past few years. While swaths of the population have tried to get their head...
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...
STEPN rebounds sharply after falling 80% in a month — is GMT price bottoming out?
A massive downtrend in the STEPN (GMT) prices witnessed in the last 30 days appears to be nearing exhaustion. GMT’s price has...
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...
Biggest Movers: DOGE Climbs Following Spacex News, XTZ Rebounds From Recent Losses
DOGE rose on Saturday, following yesterday’s tweets from Elon Musk confirming that Spacex could soon accept the memecoin as a...
Shiba Inu v Dogecoin – Which one is a better buy?
Shiba Inu’s deflationary tokenomics give it a clear edge over Dogecoin Key Points: Both SHIB and DOGE have strong prospects for...
ApeCoin v Decentraland – Which one is a better buy?
While both are primed for a huge bounce back, APE has better odds Key Points: ApeCoin is the leading Metaverse cryptocurrency today....
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...
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...