Having spent the last five weeks in decline, the industry’s largest cryptocurrencies by market capitalization, Bitcoin and Ethereum, are currently down roughly 50% from their all-time highs posted during the 2021 bull run. Leading cryptocurrency Bitcoin still dominates 41.8% of the market with a capitalization of $628 billion. It’s trading at $32,947 – a level not seen since July 2021,…
Month: May 2022
Deribit and OKX attract significant traffic from China despite a blanket ban: Report
Data from website traffic metric provider Similarweb shows that Deribit and OKX continue to attract significant traffic sources from China despite a blanket ban on crypto transactions and foreign exchanges last year. China has banned the use of cryptocurrencies more than a dozen times in the last decade. However, the one imposed in September last year was considered the harshest…
Bitcoin sets news 2022 lows as analyst says trip to $24K realized price ‘entirely possible’
Bitcoin (BTC) set a new record low price for 2022 on May 9 as crypto markets continued selling off prior to the Wall Street opening. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price sinks under $36,700 Data from Cointelegraph Markets Pro and TradingView confirmed the firmly bearish achievement for BTC/USD, which hit $32,637 on Bitstamp. With the latest installment of…
Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied – Emerging Markets Bitcoin News
The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet in a country that has just exited hyperinflation and still suffers high levels of inflation. However, the establishment of a 3% tax targeting expenses in foreign…
Japanese e-commerce site adopts BTC and XRP payments for used cars
SBI Motor Japan, a subsidiary of SBI Africa Co., Ltd., has announced that its customers can now make payments for used cars using Bitcoin (BTC) and XRP. As per the announcement by SBI on Monday, the development marks the first time XRP cryptocurrency will be deployed on a cross-border e-commerce website in Japan. The BTC and XRP transactions will be settled…
Ledger exec explains how it works
As cryptocurrency staking is growing increasingly popular, one may wonder about staking opportunities of not only crypto exchanges or software wallets but also hardware wallets. By definition, staking allows investors to earn crypto without selling their holdings but rather by delegating crypto to a staking validator to support a blockchain. Originating from the word “stake,” the staking process refers to…
Metaverse Project GensoKishi Online Announces a Closed Alpha Ticket (Bronze) Lottery – Press release Bitcoin News
press release PRESS RELEASE. GensoKishi Online -Meta World- is developed under the license of the well-known Japanese 3D MMO title “Elemental Knights Online.” The iconic game has a 14-year history and has accumulated 8 million downloads worldwide. It already has a 3D MMORPG game with active users, with a fully-functioning 3D metaverse that simultaneously connects users worldwide, be it smartphones,…
Monero avoids crypto market rout, but XMR price still risks 20% drop by June
Monero (XMR) has shown a surprising resilience against the Federal Reserve’s hawkish policies that pushed the prices of most of its crypto rivals — including the top dog Bitcoin (BTC) — lower last week. XMR’s price closed the previous week 2.37% higher at $217, data from Binance shows. In comparison, BTC, which typically influences the broader crypto market, finished the…
Luna Foundation Guard Loans $1.5B in Bitcoin, UST to Protect Stablecoin
Drastic times call for drastic measures. And today, the Luna Foundation Guard (LFG), a non-profit supporting all things Terra (LUNA), has voted to lend $1.5 billion in crypto to protect its native stablecoin. The organization’s council voted to lend out $750 million in Bitcoin from its reserves and $750 million in TerraUSD (UST) to keep the latter asset pegged to…
Indian central securities depository to back up its monitoring of bonds by blockchain
The National Securities Depository (NSDL), India’s central securities depository based in Mumbai, launched blockchain-based security and covenant monitoring platform. NSDL officially launched the distributed ledger technology (DLT) platform on Saturday, May 7, during its 25th anniversary presentation, alongside the Securities and Exchange Board of India (SEBI). The platform is expected to strengthen the monitoring of security and governance in the corporate…