The Stellar Development Foundation (SDF) is partnering with a leading crypto exchange as part of a wide-ranging test program seeking to expand Brazil’s blockchain industry. In a new press release, Stellar says it was selected along with the Mercado Bitcoin exchange as one of nine participants in the Challenge Real Digital project. The project was …
Monthly archives: May 2022
Company Behind Tether (USDT) Launches New Stablecoin Pegged to Mexican Peso
The firm behind Tether (USDT) is adding another fiat currency-pegged token to its stable of international stablecoins. According to a new press release, Tether Limited, the Hong Kong-based company behind the largest stablecoin by market cap, has started issuing MXNT, a new token pegged 1:1 to the Mexican Peso. Citing data from crypto payments company …
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Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first
The cryptocurrency market was hit with another round of selling on May 26 as Bitcoin (BTC) price dropped to $28,000 and Ether (ETH) briefly fell under $1,800. The ETH/BTC pair also dropped below what traders deem to be an important ascending trendline, a move that traders say could result in Ether price correcting to new lows. …
Brainard tells House committee about potential role of CBDC, future of stablecoins
United States Federal Reserve vice chair Lael Brainard submitted a written statement in advance to the Financial Services Committee’s virtual hearing, “On the Benefits and Risks of a U.S. Central Bank Digital Currency (CBDC),” that took place Thursday. That was a sound strategic move, considering that more than 25 legislators lined up to ask questions. …
‘Other flavors of Tether’ will bridge users to USDT: Paolo Ardoino
Tether’s decision to launch a new digital asset pegged to the Mexican peso will be a boon to crypto adoption in the Latin American country by providing more onramps to the USDT stablecoin, according to Paolo Ardoino. In an exclusive interview with Cointelegraph on the sidelines of the World Economic Forum summit, the Tether and …
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Ethereum price dips below the $1.8K support as bears prepare for Friday’s $1B options expiry
Ether’s (ETH) performance over the past three months has been less than satisfying for holders and the 50% correction since April 3 caused the altcoin to test the $1,800 support for the first time since July 2021. Ether/USD 1-day chart at Kraken. Source: TradingView Due to the volatility in stocks, investors had been seeking shelter …
Klaytn (KLAY) Price Prediction: KLAY Trades in a Range Outlook
Klaytn (KLAY) Price Prediction – May 26The KLAY market activity trades in a range outlook under depression as its trading worth is around the value line at $0.44. The market’s all-time since two years ago stands at $0.05733. And its all-time high remains at $4.38 as it currently keeps a negative percentage of 4.23 in …
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Huobi Expands its Latin America Footprint By Acquiring the Bitex Crypto Exchange
Quick take: Huobi Global has announced the acquisition of Bitex to expand its presence in the Latin America region that continues to embrace crypto. Bitex, founded in 2014, is one of the first regional crypto exchanges in Latin America, providing services in Argentina, Chile, Paraguay, and Uruguay. Huobi will integrate Bitex operations into its platform, …
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Waves Backed Stablecoin of Neutrino Launches Community Incentives of up to $12k p.a. to Help Decentralize USDN Reserves
Summary: The team at Neutrino (USDN) has announced an incentive plan of up to $12k per year for its community members to decentralize its Waves (WAVES) reserves. Earlier this month, Neutrino (USDN) suffered a depegging to as low as $0.748 and is currently trading below the $1 mark. The team behind the algorithmic stablecoin of …
Bitcoin Rapidly Declining to $22k or $20k Seems Probable, Says BTC Analyst
Summary: Bitcoin could be gearing up for a rapid drop to $22k or $20k, where macro support lies. Bitcoin options data shows that traders are loading up on hedges in the event of another leg down. Bitcoin has been struggling to maintain its value above $30k. The weekly Bitcoin chart further points to more weakness …
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SEC Commissioner Hester Peirce Says Crypto Regulations Likely To Happen ‘Faster’ After TerraUSD (UST) Collapse
A top official at the U.S. Securities and Exchange Commission (SEC) anticipates stablecoin regulation will accelerate after two large-cap crypto assets lost tens of billions of dollars earlier this month. In an interview with CNBC at the DC Blockchain Summit in Washington DC, SEC Commissioner Hester Peirce says that after the collapse of the TerraUSD …
Ankr Partners With Pocket Network To Propel Web 3.0 Into a New Era of Truly Decentralized Infrastructure
May 26, 2022 – San Francisco, California Ankr, one of the world’s fastest-growing Web 3.0 infrastructure providers, officially announces its partnership with Pocket Network, a blockchain data ecosystem for Web 3.0 DApps. This partnership is a major push toward a fully decentralized infrastructure for the betterment of the entire Web 3.0 ecosystem. Given that Ankr …
Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here’s why
Solana (SOL) dropped on May 26, continuing its decline from the previous day amid a broader retreat across the crypto market. SOL price pennant breakdown underway SOL price fell by over 13% to around $41.60, its lowest level in almost two weeks. Notably, the SOL/USD pair also broke out of what appears to be like …
Bitcoin ‘good to go up’ after BTC price hits lowest since Terra crash
Bitcoin (BTC) recovered from a major dip at the May 26 Wall Street open as the market quickly exhausted buy support. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin volume surges with more expected Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to $28,000 on Bitstamp — its lowest since May 12 and the …
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Crypto Mining Hosting Services in the USA: Minery.io Review
For some, it seems that in 2022 it is too late to start your journey in the crypto industry, yet the situation is not as such. With the rapid development and popularity of cryptocurrency, a lot of people still search for ways to invest in it, which are quite a few. You can either stake …
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