US Fed hikes interest rates, Bitcoin plunges below $36K, and Argentina’s central bank says no to financial institutions offering crypto: Hodler’s Digest, May 1-7

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Fed hikes interest rates by 50 basis points in effort …

Bitcoin clings to $36K as data suggests BTC price sell-off came from short-term holders

Bitcoin price action steadies, but things still look ugly for those with major skin in the game. Bitcoin (BTC) found a new home at $36,000 into May 7 as volatility finally cooled into the weekend.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Terra down at least $250 million in crunch Data from Cointelegraph Markets Pro …

A Newbie’s Guide to Cryptocurrency Trading and Investing

Similar to paper money and checks, cryptocurrencies let people buy services as well as goods and even trade them for profit. Cryptocurrencies have been trending and have been referred to as the money of the future and even have been seen as a really risky asset. The thoughts and strategies concerning cryptocurrencies spread quickly, mostly …

How to Get Your Cryptocurrency License in Estonia?

The government of Estonia is attempting to become a crypto hub by providing opportunities for those who are willing to make the effort. Getting your cryptocurrency license in Estonia is easier said than done. The country is home to only a handful of crypto-friendly regulation authorities, making the process of getting your license difficult for …

Utah Governor approves of blockchain and digital innovation task force

After nearly a three-year-long discussion about establishing a task force to oversee blockchain and crypto initiatives, the governor of Utah, Spencer Cox, signed a bill to create the Blockchain and Digital Innovation Task Force. The Utah State Legislature first saw the introduction of the house bill (H.B. 335) in early February 2022, which took nearly …

Bitmex’s Arthur Hayes Requests Leniency, No Jail Time for Violating the US Bank Secrecy Act

Quick take: Bitmex’s founder and former CEO, Arthur Hayes, has requested leniency from the judge handling his court case Mr. Hayes is requesting no jail time and permission to live abroad and travel freely His lawyers have also asked for probation with no home detention or community confinement Arthur Hayes had struck a plea deal …

Lido Finance with $19.1B in TVL, Edges out Curve as the Largest DeFi Protocol

Summary: Lido Finance has surpassed Curve finance to become the largest DeFi protocol in terms of total value locked Approximately $19.1 billion is locked on Lido Finance compared to Curve’s $19 billion Lido Finance is available on the blockchain networks of Ethereum, Solana, Terra, Kusama, and Polygon. Earlier today, Lido Finance became the largest DeFi …

Sony, Theta Labs to giveaway glasses-free 3D display with exclusive NFTs

Theta Labs is partnering with Sony to release a unique 3D NFT that works without 3D glasses. The “Tiki Guy” NFT will work with a Sony Spatial Reality Display, retailing at $4,999. However, purchasers of the NFT will be able to claim a free display with a valid US shipping address. Source: Thetadrop The Tiki …

Square Enix sells gaming library to focus on blockchain and AI

Japanese game developer Square Enix is selling a significant part of its games library and IP in a pivot towards blockchain. Iconic IPs like Tomb Raider, Deus Ex, and Thief are included in a $300 million package purchased by the Sweden-based Embracer Group. Square Enix announced a business optimization strategy in May 2021, which suggested …

Colorado Senate Committee considers using crypto to raise state capital

Colorado senators are considering a bill “to study the feasibility of using security token offerings for state capital financing” entitled “Security Token Offerings State Capital Financing.” A security token offering creates fractional tokens of an underlying asset without selling the asset directly. The bill looks to explore a new method of state capital financing, as …

Mercury Wallet Review: Bitcoin wallet with Layer 2 scaling and improved privacy

It is commonly believed that Bitcoin is one of the most private methods to send money and that payments are concealed somewhere in the blockchain. The fact is that using Bitcoin to make a payment is the most visible method to do so. Unlike a traditional bank, where your data is private, every Bitcoin transaction …

Europeans profited the most from crypto trading in 2021

Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you …

ICOs are coming back following sweeping crypto reforms in South Korea

South Korea’s Presidential Transition Committee is proposing a crypto framework designed to foster the growth of the digital asset industry. The Digital Asset Framework Act aims to create an environment that encourages responsible growth based on investor trust. It will implement investor protection measures and improve “transaction stability,” which refers to activities related to issuing …

Robinhood Lists Grayscale’s Bitcoin and Ethereum Trusts

On May 6, the financial services company Robinhood announced the firm has listed Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE). Robinhood customers can now gain access the crypto investment products in order to get exposure to bitcoin or ethereum without actually owning the digital currencies. In Addition to Cryptos, Robinhood Adds Grayscale’s GBTC and …

Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD

On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as the project aims to leverage a decentralized forex reserve …

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