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May 27, 12:00 pm

While Stocks Rebound, Analysts Discuss Bitcoin's Decoupling, Gold Market...
U.S. equities markets jumped on Thursday as stock traders saw some relief after a number of weekly losses. All the major stock indexes rebounded after falling for nearly eight weeks in a row, while the crypto economy took some losses on Thursday, losing roughly 4% against the U.S. dollar during the past 24 hours. Meanwhile gold has been hanging bel...


May 27, 11:47 am

Terra Community Votes to Burn 1 Billion UST From its Community Pool
The developments surrounding Terra's ecosystem keep coming in. After voting for a revival plan that would see the fork of a new chain without the algorithmic coin, the community has now accepted another proposal. CryptoPotato reported yesterday that Terra's community voted in favor of Do Kwon's revival plan that intends to fork a new blockchain wi...


May 27, 11:20 am

Crypto Price Analysis May-27: Ethereum, Ripple, Cardano, Solana, and Tro...
This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Tron. Ethereum (ETH) During a sustained sell-off yesterday, Ethereum lost the critical support level at $1,900, and its price fell to $1,700. This evaporated hopes of a quick recovery and turned market sentiment extremely bearish. ETH has lost 12.7% in the past seven days. ...


May 27, 11:00 am

Crypto Derivative Traders Can Access TradingView With Broker Eightcap
Australian FX and CFD provider Eightcap has recently announced that it has partnered with TradingView, allowing crypto derivative traders to trade directly from TradingView's charts into their Eightcap trading accounts. Crypto derivative traders will access Eightcap's full suite of crypto derivatives, including altcoins, crypto-indices and crypto-c...


May 27, 10:41 am

JPMorgan Trials Blockchain For Collateral Settlements, Possible DeFi Bri...
Big banks are making moves into the blockchain and crypto space at a greater pace now more than ever. JPMorgan is the latest to experiment with distributed ledger technology to improve transfer efficiency. On May 26, Bloomberg reported that the Wall Street bank ran a pilot test transfer last week involving a transfer of a token representation of Bl...


May 27, 9:00 am

Binance to Advise Kazakhstan on Crypto Regulations
Cryptocurrency exchange Binance will assist the government of Kazakhstan in efforts to regulate the country's crypto space. The global coin trading platform will also help with the integration of the domestic banking system with the expanding digital assets market.Kazakhstan to Cooperate With Binance on the Development of Its Crypto Sector Binance,...


May 27, 9:00 am

Cryptocurrency Mining Chip Producer Nvidia Reports Significant Profits A...
The American Chip developing company Nvidia attests to its dip in shares due to the CMP (Cryptocurrency Mining Process) sales decline. The company stated that its 52% decrease for its Q1 of 'OAM and other' investments was because of the decrease in CMP sales. Thus, making up to $8.98 billion. Its shares also increased by 3% to $1.36 a share. In add...


May 27, 8:54 am

JustCarbon: A Decentralized Carbon Credit Marketplace
For more than two decades, the carbon credit market has worked to offset the world's unavoidable carbon emissions, with several billion dollars worth of carbon traded yearly. One would expect that a market this large would offer a high level of sophistication, but the reverse is the case. The processes involved in trading carbon credits in the curr...


May 27, 8:52 am

Crypto Markets Shed $40 Billion, Ethereum and Cardano Down 5% (Market Wa...
It's been a rough day for the cryptocurrency market, in general. The total capitalization declined by about $40 billion, and most of it was because altcoins are bleeding out. Bitcoin Dominance on the Run Every now and then, especially in bear markets, Bitcoin tends to outperform altcoins. The predominant reason for this is that it's an established ...


May 27, 7:42 am

Kevin O'Leary on Proposed PoW Ban, Says New York State is Uninvestible
Renowned TV personality and millionaire investor Kevin O'Leary said the Proof-of-Work(PoW) ban proposed by New York State would scare businesses away. According to the crypto bull, the state, along with California and Massachusetts, is uninvestable due to its poor management and unfriendly policies towards crypto businesses. Meanwhile, he did not s...


May 27, 7:11 am

Blue Chip NFTs 101 – What's The Secret Behind CloneX? Built For Th...
The secret behind CloneX is Takashi Murakami and the RTFKT team, that’s the short answer. The NFT collection is the result of the once-secret collaboration between the legendary Japanese artist and the experts in creating virtual sneakers. Steven Vasilev, Chris Le, and Benoit Pagotto founded RTFKT, which reads “Artifact,” in 2020....


May 27, 6:38 am

MetaMask Taps Asset Reality to Help Users Recover Stolen Funds
Crypto wallet Metamask is partnering with Asset Reality - a platform for accessing and recovering seized crypto and digital assets, to help users recover stolen assets. The service is free of charge, but users need to pay relevant litigation fees. Recovering Stolen Crypto Metamask, with over 30 million monthly active users, is one of the largest no...


May 27, 6:30 am

Chamber of Representatives in Paraguay Advances Crypto Bill
Cryptocurrency regulation in Paraguay is progressing steadily, as a crypto bill introduced in December has been approved by the Chamber of Representatives in the country. The bill, which contains definitions and rules for cryptocurrency mining, one of the hot topics in Paraguay due to the cheap electricity costs, will be passed to the Senate to be ...


May 27, 5:00 am

Eurovision Song Contest 2022 Winners Release NFT for Ukraine Charity Auc...
Kalush Orchestra, the winners of the Eurovision Song Contest 2022, are auctioning off an NFT for charity. The auction started May 25 on MetaHistory - the official Ukrainian charitable NFT museum – and will last only until the 28th. Bids will be accepted in both cryptocurrency and fiat currency (via Monobank), thus creating a friendly competi...


May 27, 4:48 am

TA: Ethereum Dives 10%, Why ETH Might Test $1,500
Ethereum extended decline below the $1,820 support against the US Dollar. ETH tested $1,730 and remains at a risk of more downsides in the near term. Ethereum gained bearish momentum and declined below $1,820. The price is now trading below $1,800 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance n...


May 27, 4:46 am

XRP Whales Boost Accumulation Appetite, Register 2-Month Peak Holding Su...
The total supply of XRP circulating in the market is now at 48.3 billion from the total XRP supply of 100 billion. XRP whales currently hold from 1 million to 10 million XRPs and are on a massive hoarding spree with an uptick in supply stretching out to a two-month high. These active XRP whales currently chalked up over 6.12% of the total XRP. Desp...


May 27, 4:38 am

KuCoin Exchange Report Shows Growing Crypto Adoption In The US
The Into The Cryptoverse US Report by KuCoin — a global cryptocurrency exchange — revealed striking statistics regarding the positive dynamics of blockchain and digital currency adoption in the United States. Findings show that adults and younger generation users are leading the integration of cryptocurrencies into daily financial opera...


May 27, 4:30 am

After Defaulting Sri Lanka Plans to Print $2.8 Billion Worth of Rupees, ...
The government in crisis-stricken Sri Lanka has said it will print more money and cut spending on infrastructure as part of an attempt to pacify the restive population. The government, however, concedes that printing more money will likely see the inflation rate rise to 40%. Printing More Money as the Solution After defaulting on its obligations fo...


May 27, 3:08 am

TA: Bitcoin Price Resumes Decline, Why BTC Remains At Risk
Bitcoin spiked below the key $28,500 support zone against the US Dollar. BTC is declining and might continue to move down towards the $27,500 support. Bitcoin is moving lower and facing a major resistance near the $29,600 zone. The price is now trading below the $29,000 level and the 100 hourly simple moving average. There is a major bearish trend...


May 27, 2:30 am

JPMorgan Foresees Increased Blockchain Use in Finance — Prepares t...
JPMorgan expects blockchain use in finance to increase as the crypto sector grows. The global investment bank says, 'We want to make sure that we are able to not only support that but also be ready to provide related services.'JPMorgan's Blockchain Plans JPMorgan Chase & Co foresees increased blockchain usage in traditional finance and is getting r...


May 27, 1:00 am

Bitcoin Is Consolidating But Is A Rally Near?
Bitcoin has been laterally trading for almost a week now. The coin has continued to remain under the $30,000 price level. The technical outlook of Bitcoin could be pointing at a turnaround in prices on the long term price chart. On the short term price chart however, king coin's price action remains quite bearish. At the time of writing, BTC has se...


May 27, 12:53 am

McLaren's Daniel Ricciardo Becomes Global Ambassador of OKX
Daniel Ricciardo - an Italian-Australian driver who races for McLaren Formula 1 team - teamed up with the Seychelles-based digital asset exchange - OKX. The pilot will serve as an ambassador of the company during the 2022/23 season and lead an educational campaign for F1 fans focused on crypto's merits. OKX Extends its Partnership With McLaren Raci...


May 27, 12:30 am

SEC Drops the Ball on Crypto Regulation and There Are Long-Term Conseque...
A commissioner with the U.S. Securities and Exchange Commission (SEC) has warned that the securities market regulator has dropped the ball on crypto regulation. 'We're not allowing innovation to develop and experimentation to happen in a healthy way, and there are long-term consequences of that failure,' said the commissioner.SEC Commissioner Warns...


May 26, 11:27 pm

Crypto Company Babel Finance Raises $80 Million, Valuation Hits $2 Billi...
Babel Finance - a cryptocurrency service provider that offers digital asset lending - reportedly secured $80 million in a Series B financing round. The investment boosted the company's valuation to $2 billion. Babel Focuses on the Long Run As reported by Reuters, the fundraiser was led by leading venture capital firms, including Circle Ventures, 10...


May 26, 11:00 pm

Why the Crypto Industry in Indonesia Is Set to Leapfrog Competing Market...
With over 270 million people, Indonesia is the fourth-most populous country in the world and its economy is one of the largest markets in Asia. It also has a large unbanked population, a receptive regulatory environment and additional factors making it stand out for crypto adoption. In the latest episode of the News Podcast we talk to a local exper...


May 26, 11:00 pm

Bitcoin Dominance Remains High As Market Sell-Offs Settle
Bitcoin dominance over the market has still not receded even as the price has fallen below $30,000. Just as BTC had taken a hit, so had the altcoins. This had given the pioneer cryptocurrency more leeway to eat back into the market dominance. Even though the market has been brutal to investors in the past week, it is starting to level out and as th...


May 26, 10:30 pm

Huobi Global Acquires Latin American Crypto Exchange Bitex
The digital currency exchange Huobi Global has revealed it has acquired Bitex, a Latin American crypto platform that operates in Argentina, Chile, Paraguay, and Uruguay. Huobi details that the company is stepping up its presence in Latin America as it believes the region will be one of the most active crypto adoption areas worldwide.Huobi Aims to S...


May 26, 10:13 pm

Portugal's Congress Rejected 2 Crypto Tax Proposals
Assembleia da República - Portugal's Congress - dismissed two separate bill proposals focused on the taxation of cryptocurrency transactions. The suggestions were introduced by the left-wing parties - Livre and Bloco de Esquerda. Crypto Transactions in Portugal Remain Nontaxable A few weeks ago, the country's Finance Minister - Fernando Medi...


May 26, 9:02 pm

FTX US Aims to Be an All-in-One Investment Platform, Said the Pesident
The US arm of the cryptocurrency exchange, FTX, has experienced exponential growth since its launch at the end of 2020. In less than 18 months, its user base has increased from 10,000 to 1.2 million. FTX US president outlined the company's long-term plan at World Economic Forum, including seeking approvals from the Commodity Futures Trading Commiss...


May 26, 8:30 pm

Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate
Two proposals to tax crypto assets have failed to gain support from Portuguese lawmakers who are now discussing the state budget. The bids came from minority left-wing parties, while the ruling majority is yet to put forward its own draft to regulate the matter.Portuguese Lawmakers Stop Motions to Tax Crypto Gains Members of the Assembly of the Rep...


May 26, 7:48 pm

Fed Vice-Chair Presses for CBDC in US Amidst Market Stress
In a testimony before the Committee on Financial Services, Brainard called for 'clear regulatory guardrails' to provide consumer and investor protection, uphold financial stability, and ensure a level playing field for competition and innovation across the financial system amidst the turmoil in the crypto market. Call for a Digital Dollar In t...


May 26, 7:00 pm

Bitcoin Bearish Signal: Whale Ratio Continues To Stay At High Value
The ratio's value usually remains in this region during bull runs. Now, here is a chart that shows the trend in the Bitcoin exchange whale ratio (72-hour MA) over the past couple of months: It looks like the indicator has been at a high value recently | Source: CryptoQuant As you can see in the above graph, the Bitcoin exchange whale ratio has a v...


May 26, 6:30 pm

Tether Launches Tokens Pegged to the Mexican Peso on Ethereum, Tron, and...
The stablecoin issuer Tether Operations Limited has announced the company has launched a new fiat-pegged token tied to the value of the Mexican peso. According to the team the newly launched MXNT tokens will be initially hosted on Ethereum, Polygon, and Tron.MXNT Stablecoin Is Pegged 1:1 to the Mexican Peso The stablecoin and blockchain firm Tether...


May 26, 6:21 pm

Former Binance Executives Launch $100M Fund for Blockchain Startups
Former senior executives at the leading crypto exchange, Binance, recently unveiled a $100 investment fund targeted at investing in Web 3.0 and blockchain projects. According to a Thursday press release shared with CryptoPotato, the $100 million fund, dubbed Old Fashion Research (OFR), is a multi-strategy blockchain investment product founded in l...


May 26, 5:16 pm

1inch Network Partners With Binance-Backed Travala
1inch Network - the decentralized exchange aggregator platform - has announced a partnership with Travala. As part of the latest step, the Binance-backed travel agency will add the 1INCH token as a payment option on its platform. As per the press release shared with CryptoPotato, the integration will allow 1INCH token holders to book more than 2.2...


May 26, 5:00 pm

Perp Traders Remain Quiet As Bitcoin Struggles To Hold $30,000
Bitcoin has been struggling to hold on to the $30,000 level for the better part of this week, failing more often than not. While there have been various reactions from different parts of the market such as the ETFs, perpetual traders seem to have taken this as a sign to hold off on their activities. What this has led to is a continuation of the neu...


May 26, 5:00 pm

VAST Completes Private Investment Round as It Readies to Launch First-Ev...
PRESS RELEASE. Miami, FL - VAST, the multimedia NFT marketplace that dropped the first-ever NFT sitcom featuring Snoop Dogg and The Harlem Globetrotters, has announced the completion of their strategic private investment round with leading blockchain venture capital firms: GHAF Capital, NGC Ventures, Skyman Ventures, Infinity Ventures Crypto, and S...


May 26, 4:45 pm

CoinEx Charity Book Donation Worldwide: Over 10,000 Books for Children's...
In many places around the world, schools cannot provide children with a sufficient supply of books due to poor financial conditions, nor can parents afford books. Meanwhile, the reading ability of children who have been raised in an environment without books is inferior to the average level, which negatively affects their life prospects. Focusing o...


May 26, 4:39 pm

Six Years of Relentless Efforts: ViaBTC is Always on the Way
BTC mining has evolved from CPU to GPU and finally to ASIC, setting off a hardware “arms race”. Since more advanced mining chips are introduced, the hashrate of mining rigs has been on the rise, making mining extremely difficult. Meanwhile, hashrates are centralized by big mining farms and large institutions, and retail miners now strug...


May 26, 4:30 pm

Top 3 Web3 Coins to Watch in 2022
When speaking of Web3 coins, some may automatically think of cryptocurrency tokens such as Bitcoin and Ethereum - but it’s much more than that. In fact, Web3 coins form part of a much larger ecosystem which many believe is the future of both the internet and finance as we know it. Expanding further than just being an online currency, digital ...


May 26, 4:30 pm

Bitcoin Mining Difficulty Drops 4.33%, Biggest Reduction in 10 Months
It's now 4.33% easier to mine bitcoin over the next two weeks as the difficulty adjustment algorithm (DAA) dropped from 31.25 trillion to today's 29.85 trillion. It's the largest DAA drop since July 17, 2021, when the difficulty dropped 4.81% at block height 691,488.Bitcoin Mining Difficulty Dips 4.33% - The Largest Drop Since July 2021 Mining bit...


May 26, 4:26 pm

The DAOificaiton of Games: How and Why
The crypto world is constantly evolving and introducing new concepts across the industry, with the DAOfication of games being the new talk of the town. The concept brings together the world of DAOs as well as GameFi. Understanding both concepts separately is the core to grasping the integration of these two worlds. The Basics of DAOs You might have...


May 26, 4:18 pm

Polygon-built prediction market protocol SX Network integrates Celer cBr...
SX Network, a prediction market protocol built on Polygon, today announced the implementation of the Celer cBridge on SX Network. Users can now bridge tokens into SX Network through cBridge. Celer enables the seamless bridging of assets between EVM-compatible blockchains and ERC-20 tokens. Users will be able to bridge USDC, WETH, DAI, USDT, WBTC, a...


May 26, 4:03 pm

Scam LUNA 2.0 Tokens are Already Running Wild
PeckShield – blockchain security and data analytics company – has identified scammers sending so-called “Wrapped LUNA 2.0” tokens to high profile Ethereum addresses. The ploy is meant to imitate the actual LUNA re-launch airdrop taking place on Friday. According to an alert from PeckShield, popular recipients of these new t...


May 26, 4:01 pm

Biggest Movers: AVAX and ATOM Over 10% Lower on Thursday
AVAX was one of the biggest movers in crypto markets on Thursday, as prices fell by over 10%, hitting a two-week low in the process. ATOM was also trading in the red, with its value dropping by as much as 13% in the day. Avalanche (AVAX) AVAX was one of today's biggest losers, as prices fell by over 10% on Thursday, pushing them to a two-week low. ...


May 26, 3:19 pm

Crypto derivatives platform BitCoke raises $20M USD led by Huobi
BitCoke, a crypto spot & derivatives exchange, on May 12th confirmed that it successfully raised $20 million in a strategic private round in early 2022. The funds will be primarily used by the centralized exchange to design and develop key features connecting CEX with decentralized exchange (DEX) features. According to BitCoke's official blog, the ...


May 26, 2:47 pm

Cathie Wood's ARK Invest Files for Another Bitcoin Spot ETF
ARK Investment Management, the firm led by prominent fund manager Cathie Wood, has filed for another spot Bitcoin (BTC) exchange-traded fund - ARK 21Shares Bitcoin ETF. The SEC has until January 24, 2023, to decide whether to approve or reject it. As per the filing with the Securities and Exchange Commission, ARK Invest has included a proposed rul...


May 26, 2:37 pm

Ripple's Rollercoaster Continues but is $0.3 Inbound? (XRP Price Analysi...
Ripple appeared weak in the last two weeks following the sharp fall in early May. The ongoing price action, however, indicates the current sideways is more likely to be leaning to the downside. Technical Analysis By Grizzly The Daily Chart On the daily timeframe, the horizontal resistance at $0.45 has halted any upward momentum, and buyers have not...


May 26, 2:00 pm

Ethereum's Beacon Network Deals With a 7-Block Chain Reorganization
On May 25, seven blocks were reorganized on Ethereum's Beacon chain at 8:55:23 a.m. (UTC) at block height 3,887,075 all the way to block 3,887,081. The reorganization was discovered by Martin Köppelmann who noted the 'current attestation strategy of nodes should be reconsidered to hopefully result in a more stable chain.'Ethereum's Beacon Chai...


May 26, 1:51 pm

Over $370M Liquidated in a Day as Bitcoin Price Slumps to $28K
The number of liquidated traders has neared 100,000 on a daily scale as the total value of liquidations skyrocketed to over $350 million in the same timeframe. This comes as BTC and the rest of the market have plunged once again. As CryptoPotato reported, the past week or so was quite calm in terms of trading for bitcoin and the altcoins. The prim...


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