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This week, cryptocurrency markets continue to trade sideways, with Bitcoin and Ethereum managing to hold support. With the bear market this month, Metaverse crypto coins and projects are on a fire sale, making it an excellent opportunity to start accumulating projects with long-term potential. Today we look at our pick of the top three Metaverse … Read more
Tesla and Spacex CEO Elon Musk says that the U.S. economy is probably in a recession and it could be “tough going” for 12 to 18 months. He added: “The honest reason for inflation is that the government printed a zillion more money than it had.” Elon Musk on U.S. Recession and Inflation Elon Musk, … Read more
South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchanges to provide information relating to transactions and investors of the two coins. South Korea’s Emergency Investigation Into LUNA, UST South Korea has launched an “emergency” investigation of domestic crypto … Read more
The crypto hawk Biden appointee will sponsor a panel of 36 financial industry executives, thought leaders and other prominent figures. Go to Source Powered by WPeMatico
On-chain data suggests Bitcoin price is discounted, but analysts caution against expecting a rapid recovery. Go to Source Powered by WPeMatico
New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers. China Is Still the World’s … Read more
Many on social media called for legal action against Do Kwon, while others speculated the potential departure of the legal team could have been over concerns about money. Go to Source Powered by WPeMatico
NFT sell volume declines sharply after Terra’s blow up led to stablecoins dropping their peg and Bitcoin’s dip below $30,000 raises fear of a prolonged bear market. Go to Source Powered by WPeMatico
Blockchain analytics firm Nansen to launch a new portfolio tracker integrated with the rest of its features with the new acquisition. Go to Source Powered by WPeMatico
Following the aftermath of Terra’s UST implosion, the blockchain project’s founder Do Kwon has been actively discussing the Terra ecosystem revival plans and one specific proposal will be voted on May 18. The plan is to fork the blockchain into a new chain that does not include an algorithmic stablecoin, and the newly minted tokens … Read more