Jack Dorsey’s Block hits $1.3B in Q1 profits, $43M in BTC trading revenue
Despite that the Bitcoin price trended down over Q1, the Block ecosystem of payment solutions with Bitcoin in mind performed well. Go to Source Powered by WPeMatico
Month: May 2022
Bitcoin, Ethereum Technical Analysis: ETH Falls Below $2,000 as Crypto Bearish Pressure Intensifies
Following several sessions of consolidation, ETH has finally caved in, dropping below the $2,000 floor in the process. As we move towards the end of the week bitcoin also fell for a second consecutive session, with prices falling below $29,000. Bitcoin Bitcoin dropped below the $29,000 level on Thursday, as bears continued to push prices … Read more
Bitcoin must defend these price levels to avoid ‘much deeper’ fall: Analysis
It could be “do or die” for Bitcoin bulls if BTC/USD returns under $27,000, Whalemap argues. Go to Source Powered by WPeMatico
BNB Chain offers another lifeline to Terra ecosystem projects
Binance’s BNB Chain will offer support to Terra ecosystem projects looking to migrate away from the ailing DeFi protocol. Go to Source Powered by WPeMatico
FTX US to launch stock trading against stablecoins
FTX Stocks will allow retail investors to fund their accounts with fiat-backed stablecoins like USD Coin via the FTX US crypto exchange. Go to Source Powered by WPeMatico
Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto Farm
Even after introducing fines and criminal liability for cryptocurrency mining, Abkhazia continues to find underground facilities for digital currency extraction. This week, law enforcement officials have confiscated dozens of mining devices from an illegal crypto farm. Abkhazia Shuts Down Crypto Farm, Seizes Mining Hardware Police in Abkhazia have closed down another crypto mining installation in … Read more
Terra crash not a risk to the broader crypto ecosystem, says Huobi Global CEO
Du Jun, CEO of Huobi Global, told Cointelegraph that the Terra crash will slow down investor enthusiasm in the short term, but in the long term, the demand will recover. Go to Source Powered by WPeMatico
Music Fans Rejoice as YellowHeart Protocol Is Set to Launch on Bittrex Global Starting Block
YellowHeart Protocol, an NFT platform poised to disrupt the ticketing and music industries, is set to launch its utility token, HRTS (pronounced “Hearts”), on Bittrex Global’s IEO Platform Starting Block as the platform’s debut project on May 24 at 13:00 UTC. YellowHeart Protocol Is a Significant Milestone in the History of Event Ticketing System The … Read more
DeFi-ing exploits: New Chainalysis tool tracks stolen crypto across multiple chains
Blockchain analytics firm Chainalysis introduced a new tool to help monitor transactions and tokens across DeFi protocols and multiple blockchains. Go to Source Powered by WPeMatico
What is Sorare and how to play it?
Sorare is a football fantasy game in which participants use digital player cards to buy, sell, trade, and manage a virtual team. Go to Source Powered by WPeMatico