Belgium’s Financial Services and Markets Authority (FSMA) imposed new rules requiring crypto companies operating in the country to register with the watchdog and hold minimum regulatory capital. The new rule will require any virtual assets service provider (VASP) operating in the country to inform the FSMA of their activities before July 1 and apply for …
Monthly archives: May 2022
Safemoon is down 96.5% down from all-time high after Coffeezilla’s recent fraud allegations
The price of Safemoon dropped over 45% in value within 24 hours and is now down over 96% from its all-time high. This catastrophic drop in price came shortly after Coffeezilla revealed new allegations of fraud against SafeMoon’s founder and CEO. The latest video revealed a large token holder (known as a whale) selling off …
Crypto Industry Lobbies Against Bills Targeting Russian Oligarchs Evading Sanctions Using Cryptocurrency
The crypto industry is lobbying U.S. lawmakers against two bills aimed at preventing Russian oligarchs from using cryptocurrency to avoid sanctions. The U.S. and many other countries placed sanctions on them after Russia began its invasion of Ukraine. Bills Preventing Wealthy Russians From Using Crypto to Avoid Sanctions The Blockchain Association has been lobbying U.S. …
Finder’s Experts Predict Ethereum Price Reaching $5,783 This Year and $23,372 by 2030
A panel of crypto industry experts has predicted that the price of ether will reach $5,783 this year, before rising to $11,764 by 2025 and $23,372 by 2030. Most of the experts on the panel are bullish on ether, with 61% saying now is the time to buy and a further 32% saying you should …
MEXC Global Officially Lists Leader in Web 3․0 Gaming – UniX Gaming!
press release PRESS RELEASE. Zug, Switzerland – 2nd May 2022. UniX Gaming is delighted to announce that they are now officially listed on MEXC, a top 20 exchange, following the announcement of their Final Round launchpad. This is the second CEX on which UniX has been listed, with several more planned for later this year. …
Continue reading “MEXC Global Officially Lists Leader in Web 3․0 Gaming – UniX Gaming!”
Billionaire Citadel Securities founder compares crypto value to abstract art
Billionaire Citadel Securities founder Ken Griffin has compared cryptocurrency to abstract art, opining that the value of both is derived from the eye of the beholder. Griffin — who Forbes estimates to be worth around $26 billion — has made numerous anti-crypto comments and urged others away from it in the past, but appears to …
Continue reading “Billionaire Citadel Securities founder compares crypto value to abstract art”
CRO Coin Falls 19% After Crypto.com Announces Rewards Cut Down To Cardholders
On Monday, Crypto.com’s Cronos (CRO) slide followed suit with a sharp drop after the crypto exchange said it was reducing some staking and rewards tied to its popular pre-paid Visa cards. According to Tradingview.com, the coin dropped by 19% to $.265. On Sunday before the announcement, CRO was trading above $.33 per coin. Related Reading …
Continue reading “CRO Coin Falls 19% After Crypto.com Announces Rewards Cut Down To Cardholders”
Bitcoin Price Continues Struggle, But Miners Refuse To Sell
On-chain data shows while the price of Bitcoin has continued to struggle recently, miners have shown diamond hands. Bitcoin Miner Reserve Holds Still Amid The Recent Price Consolidation As pointed out by an analyst in a CrypoQuant post, BTC miners have been accumulating for some time now, and the dwindling price hasn’t scared them. The …
Continue reading “Bitcoin Price Continues Struggle, But Miners Refuse To Sell”
More than $1.6 billion exploited from DeFi so far in 2022
The decentralized finance (DeFi) space has been rife with hacks, exploits, and scams so far this year with over $1.6 billion in crypto stolen from users, surpassing the total amount stolen in 2020 and 2021 combined. Analysis from blockchain security firm CertiK revealed the statistics on May 2 showing the month of March having the …
Continue reading “More than $1.6 billion exploited from DeFi so far in 2022”
Rhode Island proposes crypto rewards for green home builders
A bill was proposed in Rhode Island’s House of Representatives that would credit a house builder in a “green coin” cryptocurrency for reducing the project’s carbon footprint. The Green Housing Public-Private Partnership Act would oblige the state’s public utility commission to issue annual reports on the utility costs and carbon emissions of a housing project. …
Continue reading “Rhode Island proposes crypto rewards for green home builders”
Top Analyst Maps Out What’s Ahead for Ethereum, Avalanche and Polkadot Amid Crypto Market Correction
A popular crypto analyst is giving forecasts for Ethereum (ETH), Avalanche (AVAX) and Polkadot (DOT) as the correction in the digital assets market continues. In a new video, pseudonymous analyst Cheds tells his 45,700 subscribers that leading smart contract platform Ethereum could plunge below the $2,000 level as the price of (BTC) threatens to keep …
Bitcoin, Ethereum and Solana To Resume Uptrend by the End of the Year, Says Bloomberg Analyst – Here’s Why
Bloomberg Intelligence analyst Mike McGlone says that the blue-chip crypto assets are set to outperform other commodities by the end of the year. In a new interview on the Scott Melker podcast, McGlone says that leading digital assets Bitcoin (BTC), top smart contract platform Ethereum (ETH), and ETH competitor Solana (SOL) will resume their uptrend …
Richest Ethereum Whales Favoring Shiba Inu (SHIB) and Two Metaverse Altcoins Over Rest of Market: On-Chain Data
Fresh data shows that the world’s biggest Ethereum (ETH) whales are hoarding meme coin Shiba Inu (SHIB) to the tune of nearly $10 million worth each, on average. The latest numbers from WhaleStats reveal the investment behavior of the 100 wealthiest non-exchange Ethereum addresses. The whale-monitoring website shows that the average Shiba Inu holdings are …
VeChain (VET) Now Accepted As Payment in 2,000,000 Stores Worldwide Thanks to New Partnership
Supply chain-focused VeChain (VET) is now accepted as payment at over two million stores across the globe after partnering with crypto payments protocol Alchemy Pay (ACH). According to an announcement, VeChain’s native token VET can now be used to purchase real-world goods and services via Alchemy Pay’s platform with instant transactions that cost less than …
Dfinity Foundation files lawsuit against Meta over infinity logo
Lawyers for Dfinity Foundation, a Switzerland-based nonprofit behind the Internet Computer blockchain, have filed a lawsuit against Facebook’s parent company Meta for trademark infringement over its infinity logo. In a Friday court filing with the United States District Court for the Northern District of California, Dfinity’s legal team claimed Meta Platforms was registering use of …
Continue reading “Dfinity Foundation files lawsuit against Meta over infinity logo”