Bitcoin Support (2024)

31/05/2022

DeFi isn't dead; it just needs to address these three major issues

It's been a difficult year for DeFi, and things aren't likely to improve until projects prioritise security, regulation, and usability.

It's been a difficult year for DeFi, and things aren't likely to improve until projects prioritise security, regulation, and usability.

31/05/2022

The price of bitcoin has risen to $32.3K, but three factors may limit its recovery

Bitcoin bulls pushed the price up to $33,300, but significant headwinds in traditional markets could keep the price down.

Since May 27, the price of Bitcoin (BTC) has been surprisingly bullish. Weekends, particularly holiday weekends, are notoriously volatile and indecisive, with major price swings commonplace.

Bitcoin bulls pushed the price up to $33,300, but significant headwinds in traditional markets could keep the price down.

31/05/2022

Institutions that reportedly bought 10,939 bitcoins from Coinbase in December 2020 have yet to sell.

Bitcoin's (BTC) price has dropped by more than 50% since peaking at $69,000 six months ago, but the drop hasn't deterred some of the currency's wealthiest investors from selling.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

31/05/2022

The document, which could lay the groundwork for a national framework for digital assets, is nearly complete.

The Indian government's Department of Economic Affairs is finalising a crypto currency consultation paper, which will then be handed over to the federal government.
(IMF)

The document, which could lay the groundwork for a national framework for digital assets, is nearly complete.

31/05/2022

By establishing a liquidity pool of tokenized bonds and deposits, MAS will investigate DeFi applications in wholesale funding markets.

Project Guardian, a blockchain-based digital assets trial that will use tokenization, has been launched by the Monetary Authority of Singapore (MAS).

By establishing a liquidity pool of tokenized bonds and deposits, MAS will investigate DeFi applications in wholesale funding markets.

31/05/2022

As more people continue to invest in digital currencies, experts predict that crypto will have an even greater impact on the retail sector in the future years.

Even though the cryptocurrency market appears to be experiencing a slowdown at the moment, there is no disputing that the industry has developed exponentially over the past few years, particularly in terms of acceptance.

"Cryptocurrency is gaining prominence in the financial mainstream in many circumstances, but not in a zero-sum sense relative to the existing established

31/05/2022

Bitcoin's price action has returned to new 10-month lows despite the possibility of macroeconomic pressure easing.
Bitcoin (BTC) fell $1,500 in a matter of minutes on May 11 as the most recent United States inflation statistics revealed a mixed economic outlook.

Bitcoin reaches 10-month lows.
As the Consumer Price Index (CPI)

Bitcoin (BTC) fell $1,500 in a matter of minutes on May 11 as the most recent United States inflation statistics revealed a mixed economic outlook.

31/05/2022

DAOs demolish barriers formerly erected by Web2 technology, allowing communities to accomplish world-altering tasks without centralised control.

A metaverse is, by definition, a network including a collection of two- and three-dimensional virtual worlds where users can interact and create strong social ties as part of a larger community.

Blockchain technology and decentralised autonomous organisations (DAOs) constitute a critical basis for empowering communities with the authority and autonomy

31/05/2022

President Vladimir Putin has authorised revisions to his own decree requiring candidates for public office in Russia to disclose their foreign assets. The amended rule includes cryptocurrencies on the list of assets candidates are required to disclose to the state.
President Putin mandates that Russian officials disclose foreign purchases of crypto assets.
Candidates

President Vladimir Putin has authorised revisions to his own decree requiring candidates for public office in Russia to disclose their foreign assets. The

31/05/2022

The co-founder of Terraform Labs, Do Kwon, has published a rescue plan for the de-pegged stablecoin UST.

The CEO of Terraform Labs, Do Kwon, will not concede defeat. Do Kwon has presented his "rescue plan" for the Terra community after an 18-hour wait during which his coins Terra (LUNA) and TerraUSD (UST) underwent a harrowing freefall.

The co-founder of Terraform Labs, Do Kwon, has published a rescue plan for the de-pegged stablecoin UST.

31/05/2022

In 2022, Web3 will emerge as a significant trend, as venture capital continues to invest crypto and fintech.
The London-based asset management Fasanara Capital has formed a $350 million investment fund to support fintech and cryptocurrency firms that may develop new Web3 use cases.

The organisation, which manages $3.5

The London-based asset management Fasanara Capital has formed a $350 million investment fund to support fintech and cryptocurrency firms that may develop new

31/05/2022

The CEO of Coinbase, Brian Armstrong, expressed worry that the Reserve Bank of India may be in violation of the Supreme Court's order.

United States-based cryptocurrency exchange Coinbase immediately ceased using United Payments Interface (UPI), the most popular payment service in India, just three days after entering the country.

The CEO of Coinbase, Brian Armstrong, expressed worry that the Reserve Bank of India may be in violation of the Supreme Court's order.

31/05/2022

Volatility has taken entire control of Terra's tokens, and a restoration to a peg to the U.S. dollar appears unlikely.

The 11th of May appeared to be a night of panic on crypto markets, as Blockchain protocol Terra failed to stem the loss of its cryptoassets.

According to data from TradingView, both the company's native token, LUNA, and stablecoin, TerraUSD (UST), saw significant daily losses.

According to data from TradingView, both the company's native token, LUNA, and stablecoin, TerraUSD (UST), saw significant daily losses.

31/05/2022

A crypto analyst stated that staking Bitcoin on exchanges enables them to sell it.

Security breaches and hacks frequently illustrate the dangers of holding Bitcoin (BTC) on centralised exchanges. Even said, one researcher claims that maintaining BTC on exchanges is also a factor in price declines.

A crypto analyst stated that staking Bitcoin on exchanges enables them to sell it.

10/05/2022

Even after a UN report said that limitations on digital currencies are suffocating the country's fintech sector, Nigeria's central bank has improved its eNaira to steer the country away from crypto. The Central Bank of Nigeria (CBN) is moving on with plans to expand the usage of the country's central bank digital currency (CBDC) to a wider range of goods and services.

Even after a UN report said that limitations on digital currencies are suffocating the country's fintech sector, Nigeria's central bank has improved its

09/05/2022

Insurance for cryptocurrencies is predicted to be a large business: Is it going to be decentralised or centralised? As more advanced participants dip their toes into the young ecosystem, demand for crypto insurance solutions has grown in recent years.

Insurance for cryptocurrencies is predicted to be a large business: Is it going to be decentralised or centralised? As more advanced participants dip their

09/05/2022

According to the CEO of Ledger Enterprise, staking using a hardware wallet provides better security and independence than staking with software wallets and crypto exchanges. Staking prospects of not only crypto exchanges or software wallets, but also hardware wallets are becoming more popular as cryptocurrency staking becomes more prominent.
(SOL)

According to the CEO of Ledger Enterprise, staking using a hardware wallet provides better security and independence than staking with software wallets and

09/05/2022

With the sell-off continuing this week, traders' favoured projection for Bitcoin price action is now below $30,000. On May 9, Bitcoin (BTC) established a new record low price for 2022 as crypto markets continued to sell off ahead of the opening of Wall Street.

With the sell-off continuing this week, traders' favoured projection for Bitcoin price action is now below $30,000. On May 9, Bitcoin (BTC) established a new

09/05/2022

Despite a regulatory risk, Chinese traders continue to access centralised exchanges, according to recent geographical traffic data.

Despite a blanket prohibition on crypto transactions and foreign exchanges last year, data from website traffic metric supplier Similarweb shows that Deribit and OKX continue to get significant traffic from China.

Despite a blanket prohibition on crypto transactions and foreign exchanges last year, data from website traffic metric supplier Similarweb shows that Deribit

09/05/2022

This is the first time that the XRP digital currency has been used on a cross-border Japanese e-commerce site. Customers can now pay for used automobiles using Bitcoin (BTC) and Ripple, according to SBI Motor Japan, a subsidiary of SBI Africa Co. Ltd. (XRP).

This is the first time that the XRP digital currency has been used on a cross-border Japanese e-commerce site. Customers can now pay for used automobiles

09/05/2022

Monero is preparing to issue the testnet version of its hard fork this month, therefore XMR's bearish scenario is timely. Monero (XMR) has showed surprising endurance in the face of the Federal Reserve's hawkish policies, which knocked the prices of most of its crypto rivals lower last week, including the market leader Bitcoin (BTC).
#

According to Binance data, the price of XMR concluded the previous week 2.37 percent higher at $217. In comparison, BTC, which normally drives the larger

09/05/2022

Other entities will be welcomed to join the decentralised network in the future by India's NDSL and Securities Board division.

The National Securities Depository (NSDL), situated in Mumbai, has established a blockchain-based security and covenant monitoring tool.

NSDL and the Securities and Exchange Board of India jointly announced the distributed ledger technology (DLT)

Other entities will be welcomed to join the decentralised network in the future by India's NDSL and Securities Board division.

09/05/2022

According to a letter from the Governor of the Bank of Central African States, the Central African Republic's adoption of crypto puts monetary stability at jeopardy.

The Central African Republic (CAR) has received a scathing letter from the governor of the Bank of Central African States (Banque des États de l'Afrique Centrale, BEAC) over the country's adoption of cryptocurrency.

According to a letter from the Governor of the Bank of Central African States, the Central African Republic's adoption of crypto puts monetary stability at

09/05/2022

NEAR Foundation supports Sankore, a blockchain community centred in Kenya, to educate and train blockchain developers and analysts to aid in the expansion of local enterprises.

Sankore, a blockchain community located in Kenya, has teamed with the Swiss non-profit NEAR Foundation to construct a regional hub that intends to cultivate talent in the region and build initiatives with the objective of

NEAR Foundation supports Sankore, a blockchain community centred in Kenya, to educate and train blockchain developers and analysts to aid in the expansion of

09/05/2022

According to reports, the crypto exchange Binance was compelled to cease all crypto futures trading in Spain at the request of the country's market regulator.

According to La Información, Binance was recently "forced" to "totally cease the sale of cryptoasset derivatives in Spain" by the National Securities Market Commission (CNMV),

According to reports, the crypto exchange Binance was compelled to cease all crypto futures trading in Spain at the request of the country's market regulator.

09/05/2022

Scammers in Turkey have been seen renting multiple billboards to sell phoney Binance-themed opportunities, attempting to profit from Binance's popularity in the country. Binance TR, the Turkish arm of cryptocurrency exchange Binance, has issued a warning to investors in the region about an ongoing scam involving bogus Binance-branded billboards and hoardings.

Scammers in Turkey have been seen renting multiple billboards to sell phoney Binance-themed opportunities, attempting to profit from Binance's popularity in

09/05/2022

According to reports, leading cryptocurrency exchange Coinbase has alerted some Russian customers that their accounts may be suspended before the end of the month. The trading platform has offered them the option of withdrawing their funds unless they can show they are not subject to sanctions, according to Russian media.
Russian

According to reports, leading cryptocurrency exchange Coinbase has alerted some Russian customers that their accounts may be suspended before the end of the

09/05/2022

LFG stated that it will initially lend $750 million worth of BTC to over-the-counter trading firms in order to manage capital and "help defend" UST.

The Luna Foundation Guard (LFG) will deploy $1.5 billion worth of capital to "help protect" Terra USD's peg to the U.S. dollar in the wake of this week's severe declines in Bitcoin (BTC) and the broader crypto market.

As part of the Terra (LUNA)

LFG stated that it will initially lend $750 million worth of BTC to over-the-counter trading firms in order to manage capital and "help defend" UST.

09/05/2022

According to Glassnode, the Bitcoin market appears to be reversing its gains since January as whales quit and sell on centralised exchanges. The number of Bitcoin whales is rapidly dwindling, presumably due to a three-month high in coin inflows to centralised exchanges (CEXs).

Glassnode, a market tracker for Bitcoin (BTC),
(BTC)

According to Glassnode, the Bitcoin market appears to be reversing its gains since January as whales quit and sell on centralised exchanges. The number of

09/05/2022

Over the next five years, the global NFT boom will continue to be influenced by the expanding participation of mainstream influencers, gaming communities, and the growing demand for digital artworks.

New research forecasts that the current $3 billion market for non-fungible tokens (NFTs) will increase to $13.6

Over the next five years, the global NFT boom will continue to be influenced by the expanding participation of mainstream influencers, gaming communities, and

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