A newly established blockchain association aims to help Vietnam promote its digital economy and position the country on the world’s technology map. The organization looks to unite Vietnam’s experts in the field and seek cooperation with blockchain communities around the globe for the research and development of blockchain solutions. Vietnam to Expand Implementation of Blockchain Technologies Vietnam Blockchain Association, the…
Month: May 2022
Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash
The dramatic story of the Terra (LUNA) crash — referred to by some as the Lehman Brothers of crypto — has taken yet another remarkable turn as legal documents reveal the liquidation of two South Korean offices and the dissolution of the Terraform Labs Korea corporation in the days preceding the dual currency collapse. Initially reported by South Korean news outlet Digital…
Crypto veterans extend a helping hand to bear market newbies
As the bears take over and the markets slow down, Twitter user DeFi Edge asked crypto veterans, who experienced the bear market of 2018, what advice they would give to traders who are encountering it for the first time. In a reply to the thread, Guy Swann put buying Bitcoin (BTC) at the top of his advice list to bear…
Congress May ‘Work More Quickly’ on Stablecoin Regulations Amid UST Collapse: SEC Commissioner
Rules defining the use of cryptocurrencies, including stablecoins, should be as clear as possible, and that is something the U.S. Congress could help develop, according to the U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce. “Crypto is an area where I’ve been calling for us to take steps to regulate the market, to put out clear rules about what…
Central bankers bellow Bitcoin on El Salvador’s Bitcoin Beach
The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the world shout “Bitcoin!” while posing for a photo in El Zonte, El Salvador: And all the Central Bankers screamed…. pic.twitter.com/MxdOrYD3lc — Bitcoin Beach (@Bitcoinbeach) May 20, 2022 It seems that by day three of El…
Cosmos Jumps 12% as Bitcoin, Ethereum Recover
Cosmos (ATOM), the token powering the eponymous blockchain network, is up 12.7% over the past 24 hours. ATOM is currently trading at $11.45, according to data from CoinMarketCap. ATOM is the 27th-largest cryptocurrency with a market capitalization of $3.2 billion. Despite today’s bullish action, ATOM still trades 74% down from its all-time high of $44.70 recorded in September 2021. There…
Dubai Couple Ties the Knot in the Metaverse – Metaverse Bitcoin News
A Dubai based couple has decided to be wed in the metaverse after legal problems stemming from their nationalities initially forced them to tie the knot in Georgia in 2019. After the wedding, the couple said they will use their own experience to help others get married in the metaverse as well. The Metaverse After Wedding Party After encountering legal…
Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance
Bitcoin (BTC) hit 48-hour highs overnight into May 20 as U.S. dollar weakness gave bulls some much-needed respite. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar strength declines after 20-year record Data from Cointelegraph Markets Pro and TradingView recorded a high of $30,725 for BTC/USD on Bitstamp. Still struggling to flip $30,000 to reliable support, the pair nonetheless avoided a…
Ethereum devs tip The Merge will occur in August ‘if everything goes to plan’
Ethereum’s long-awaited migration to a proof-of-stake (PoS) consensus mechanism, which has been pushed back time and time again, looks set to occur sometime in August. Hopefully. Preston Van Loon, a core developer of the Ethereum (ETH) network, told attendees at the Permissionless conference that the transition, known as the Merge, would occur sometime in August if everything plays out according…
Commonwealth Bank puts crypto trading trial on ice as regulators dither
The Commonwealth Bank of Australia (CBA) has put its plans for a second pilot program of crypto trading services on hold indefinitely and cut off access to those in the first round of testing. CBA sent Cointelegraph a transcript of a Tuesday bank briefing where CEO Matt Comyn said that he was still waiting on regulatory clarity. He also said…