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22 May 2022
Highlight: Bitcoin Pizza Day 2022
Cheers to Bitcoin Pizza Day! Before you order a Margherita to honor the world's first real-world Bitcoin transaction, consider this fact: A family vacation to Japan, a 50 Cent record, a steak sup
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22 May 2022
United Kingdom Treasury Legalizing Stablecoins
The United Kingdom announced aspirations in April to become a crypto center and legalize stablecoin transfers. Following last week's events, many expected Her Majesty's Treasury to put these intenti
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22 May 2022
G7 Want Crypto Regulation to Be Swift and Rapid
Last week, G7 Finance Ministers and Central Bank Governors convened to discuss global economic circumstances, including cryptocurrencies. The committee was joined by the heads of the Internationa
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21 May 2022
The CFTC has accused two people of $44 million in crypto fraud
The United States Community Futures Trading Commission (CFTC) has accused two US individuals, Sam Ikkurty and Ravishankar Avadhanam, of participating in a cryptocurrency Ponzi scheme that defrauded
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20 May 2022
Panama President Will Not Be Signing a Crypto Bill Right Now
Panama President, Laurentino Cortizo, has stated that he will not sign off on a cryptocurrency bill just adopted by the country's National Assembly until further anti-money laundering rules are enac
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20 May 2022
Officials in India Fear Dollarization of Economy If Crypto Is Accepted
Top Reserve Bank of India (RBI) officials have informed a parliamentary committee that the acceptance of cryptocurrencies may lead to a degree of dollarization of the economy. It will limit the cent
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20 May 2022
The Stablecoin Market Is Still in a Fix
When Terra LUNA and its UST stablecoin crashed, Stablegains allegedly placed investor assets in Anchor Protocol without alerting them, losing around $42 million. Yield calculator After losing mor
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20 May 2022
Despite Everything, Crypto Has Been Gaining Massive Adoption Lately
TAG Heuer, a Swiss watchmaker owned by LVMH, and online marketplace Shopify now accept crypto payments, which is a huge step forward for crypto adoption. The announcement comes only days after Gu
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20 May 2022
Tether (USDT) Discloses That Its Reserves Are Fully Backed
After the stablecoin lost its peg to the US dollar last week amid the $UST drop, Tether Holdings Limited has stepped out to allay fears of a probable USD/USDT decline. The world's largest stablecoin
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20 May 2022
Jack Dorsey Thinks Bitcoin Is the Currency of the Internet
According to CNBC, Jack Dorsey, CEO and co-founder of Block (previously known as Square), has reaffirmed Bitcoin's potential as a native digital money. Dorsey said today at the Block's investor c
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20 May 2022
FTX Launches Stock Trading In The U.S.
In the United States, cryptocurrency exchange FTX has purportedly begun commission-free stock and ETF trading. However, the service will initially be limited to a small number of customers, with a c
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19 May 2022
80% of Voters Want Terra Network To Be Rebirth
The TerraBuilderAlliance, Do Kwon, and other members of the community have agreed to fork Terra Luna in order to save the Terra environment. The voting is now open on Terra Station, and LUNA token h
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18 May 2022
Cardano New Research on the Blockchain
Cardano, a notable blockchain project, has published a new study paper on decentralized blockchain governance aspects. Aggelos Kiayias and Philip Lazos, blockchain experts at IOHK, blockchain res
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18 May 2022
Axie Infinity Under Attack Yet Again
Axie Infinity revealed on Twitter that the MEE6 bot on its Discord channel had been compromised. The MEE6 team has denied that its bot was attacked. The MEE6 bot is quite popular on Discord, and
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17 May 2022
5 Brilliant Ways To Use Polkadot
Blockchain technology is allowing for new and exciting innovations in the world of modern business. One example of this is the emerging concept of Polkadot, which is a platform that can truly bring
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17 May 2022
Terraform Legal Team Just Quitted
The legal team at Terraform Labs has resigned. Marc Goldich, Lawrence Florio, and Noah Axler, all members of the Counsel team, left the firm in May, according to their LinkedIn accounts. The Block a
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17 May 2022
CFTC Chair Considers BTC and ETH a Commodity
The Commodity Futures Trading Commission (CFTC) Chair, Rostin Behnam, declared that Bitcoin (BTC) and Ethereum (ETH) are commodities. On Monday, he mentioned this in an interview with CNBC's Squawk
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17 May 2022
Whales Filling Up On Cardano (ADA) Sees Possible Huge Rally
Major cryptocurrencies failed to recover over the weekend after a brutal sell-off for the most of this week, adding around 8% to the entire market value. Cardano is moving different. A multitude
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17 May 2022
Australia to Prioritize Crypto Investors This Year
The Australia Taxation Office (ATO) said today that crypto capital gains will be prioritized this year, along with three other critical areas of attention, to guarantee proper tax reporting in Austr
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17 May 2022
The Crypto Thief Who Stole $42,000
According to Bleeping Computers, a 24-year-old guy was sentenced to five years in jail for stealing crypto worth $41,900 after threatening to cut off the victim's fingers if they failed to comply wi
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16 May 2022
Elon Musk’s Strong Thoughts For Dogecoin (DOGE)
Despite crypto values plummeting in yet another bloodbath this year, Elon Musk has praised Dogecoin, energizing supporters of the canine-themed coin. The reason he likes dogecoin is because it re
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16 May 2022
Do Kwon Apologizes to the Terra Community
Do Kwon, the Terra blockchain project's brains, has apologized to Terra ecosystem and crypto community members for the recent depegging tragedy. Terra's algorithmic stablecoin, UST, depegged from
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16 May 2022
Nigeria has issued new crypto rules to increase adoption
The Securities Exchange Commission (SEC) of Nigeria has issued new laws for the issuing and usage of digital assets in the nation, including cryptocurrencies. In April 2021, Coinfomania reported
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14 May 2022
Do Kwon Bets $11 Million on LUNA Hitting and Staying Above $88
Terra creator Do Kwon gambled about $11 million with two crypto traders on the price of LUNA in March, in a move that has likely aged like milk. Kwon bet that LUNA would trade over $88 in March 2
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14 May 2022
Coinbase’s stock has dropped to an all-time low
Coinbase, the largest cryptocurrency exchange in the United States, has had an extremely difficult week with the release of a poor first-quarter financial report that featured a contentious disclosu
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14 May 2022
Bitcoin Now Accepted By UAE’s Largest Airline
Emirates, the United Arab Emirates' (UAE) largest airline, has revealed plans to incorporate "bitcoin as a payment facility." The airline's Chief Operating Officer (COO) Adel Ahmed Al-Redha indic
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14 May 2022
What distinguishes this bear market from the last one
Crypto.com CEO Kris Marszalek described the devastating drop in the market as a "very terrible day." Total market value losses in the previous seven days total $570 billion, or -33 percent. With
News
13 May 2022
CZ Explains Why Binance Discontinued LUNA and UST
Changpeng Zhao, better known as CZ, is the founder and CEO of Binance. Speaking from his own Twitter account, he explained why he decided to remove LUNA and UST from Binance. TerraUSD (commonly k
News
13 May 2022
Chainalysis is Now worth $8.6 Billion
Chainalysis, a blockchain analytics business, revealed Thursday that it has secured $170 million in a Series F fundraising round at a $8.6 billion value. This indicates that the company's valuati
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12 May 2022
Tether Was Prepared for a Bank Run
Tether CTO, Paolo Ardoino, told us last month that the cryptocurrency was ready for a bank run. Ardoino and the Tether team have done simulations of a 2008-style financial catastrophe and think that
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12 May 2022
Michael Saylor Thoughts on Bitcoin Tanking
Bitcoin's difficulties are poised to worsen as the crypto asset's price fell further Wednesday, trading at $27,194.41 at one point. Bitcoin's price has recently dropped to its lowest level in 16 mon
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12 May 2022
Five US states ordered Online Casino to close down NFTs
Texas, Wisconsin, Kentucky, New Jersey, and Alabama regulators have issued a cease-and-desist order against Flamingo Casino Club, a virtual platform where users may acquire non-fungible tokens (NFTs
News
13 May 2022
Do Kwon’s Recovery Plan For TerraUSD (UST)
Do Kwon, CEO of Terraform Labs, proposed a possible "solution" to the enormous crash that LUNA and UST suffered over the previous few days. TerraUSD (UST), a stablecoin linked 1:1 to the US dollar,
News
11 May 2022
Do Kwon To Surrender LUNA To Aid the UST Peg
Do Kwon, the founder of Terra, announced plans to support the floundering Terra cryptocurrency on Wednesday. However, his strategy is expected to put even more pressure on LUNA costs. Terra (LUNA
News
10 May 2022
Tron Founder Buys Buys The Dip
El Salvador's president and crypto enthusiast, Nayib Bukele, recently revealed that his government upped its whole BTC holdings by 500 coins in an investment move targeted at taking advantage of the
News
10 May 2022
El Salvador Buys 500 BTC Amidst Dip
El Salvador, a Central American country, has added another 500 bitcoins ($15.5 million) to its portfolio during the recent major market sell-off. El Salvador's president, Nayib Bukele, revealed o
News
09 May 2022
Bitstamp Has a New CEO
Following the departure of Julian Sawyer, Bitstamp, one of the world's oldest crypto exchanges, has named Jean-Baptiste (JB) Graftieaux as its new worldwide CEO. Bitstamp announced on Monday that
News
09 May 2022
Nigeria’s Looty aims to digitally restore stolen African art
Looty, a Nigerian art-focused company, has devised a method for Africans to view all of the art that was lost during the colonial era. Chidi, a 34-year-old Nigerian creative designer and creator
News
09 May 2022
US promises $15m for information on the Conti ransomware
The US Department of State has offered two separate $15 million rewards for information on the Conti ransomware organized crime ring. Any information that leads to the identification or location
News
08 May 2022
Esco Property Group’s Solution to Crypto Investments
People are starting to recall what it feels like to be normal again after a couple of years of anxiety caused by the COVID-19 outbreak, the world's response to it, and the global economy's difficult
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08 May 2022
Zora Gets $50 Million From Crypto Funds
Zora, a marketplace for non-fungible tokens (NFTs), said earlier this week that it had secured $50 million in its current investment round. Haun Ventures led the round, which increased the compan
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07 May 2022
The Governor of California to regulate blockchains
California Governor Gavin Newsom signed an executive order aimed at supporting blockchain innovation in the state on Wednesday. California is the first state in the United States to provide a com
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07 May 2022
Uzbekistan Legalizes and Taxes Solar-Powered Crypto Mining
According to a presidential directive issued earlier this week, Uzbekistan would allow crypto mining using solar-powered electricity. According to Reuters, the decision also exempted both domesti
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07 May 2022
Short Bitcoin ETF reaches an all-time high
On Friday, an exchange-traded instrument that shorts Bitcoin (BTC) hit a more than two-month high, as the world's largest cryptocurrency led a dramatic slide in the market. The 21Shares Short Bit
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06 May 2022
Senator Warren questions Fidelity about their Bitcoin 401(k) plans
Senators Elizabeth Warren and Tina Smith have written to Fidelity on the company's decision to enable Bitcoin investments in its 401(k) programs. The letter questioned the investment firm's failu
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06 May 2022
By NFT Sales Volume, Solana is now the second-largest protocol
Solana, a popular open source Blockchain that assists smart contracts, has had a significant market performance in recent months. Solana's NFT sales volume resulted in it being the second-largest pr
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06 May 2022
China Relationship With Crypto Takes a Dramatic Turn
A high court in Shangai, China largest city and a global financial center, has recognized Bitcoin as property under Chinese law, putting the government against its own anti-crypto stance. Accordi
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05 May 2022
Crypto miners in Kazakhstan now required to provide detailed reports
Kazakhstan has implemented new reporting criteria aimed at determining the pace at which crypto miners consume energy. Every crypto-miner in the country is required to disclose complete details a
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