- Cosmos price rebounds 45% in one week despite Terra’s debacle — what’s next for ATOM?by Cointelegraph By Yashu Gola (Cointelegraph.com News) on May 20, 2022 at 12:44 pm in Cosmos, ATOM, Technical Analysis, Ethereum, ETH, Bitcoin, BTC, Terra, TerraUSD, LUNA, UST, Stablecoin, DeFi
ATOM’s ascending triangle setup opens up the possibility for another major crash by June 2022.
- South Korean Authorities Issue Warning to Not Wager on LUNA’s Comebackby Tadas Klimasevskis (DailyCoin.com) on May 20, 2022 at 12:40 pm in Altcoin News, Asia, Policy, LUNA Falls 99.9%, south korea, Terra ( UST ), Terra (LUNA), Terraform CEO
A lot of South Koreans believe that Terra’s bounce back is inevitable, because the company is simply ‘too big’ for such a crash to be in full effect. Continue reading South Korean Authorities Issue Warning to Not Wager on LUNA’s Comeback at DailyCoin.com.
- Crypto Should Meet Same Norms as Regular Finance, G7 Saysby Jack Schickler (CoinDesk) on May 20, 2022 at 11:57 am in Policy
Finance ministers want to see financial-stability and money-laundering standards in effect soon.
- Algorithmic, fiat-backed or crypto-backed: What’s the best stablecoin type?by Cointelegraph By Cointelegraph Consulting (Cointelegraph.com News) on May 20, 2022 at 11:56 am in Cointelegraph Consulting, Stablecoin, Dai, Tether, Terra
DAI has been around since 2017, which no algo stablecoins has ever matched, and it’s unlikely to share the fate of UST.
- Crypto Exchange FTX Launches Stock Trading Platform with Stablecoinsby Milko Trajcevski (DailyCoin.com) on May 20, 2022 at 11:30 am in Crypto Trading, DeFi News, Stablecoin News, Crypto Exchange FTX, FTX Debuts Stocks Trading in the U.S., FTX to Offer Commission-Free Trading for Stocks
The United States-based subsidiary of the global cryptocurrency trading platform FTX is launching a stock trading platform to allow investors to trade cryptocurrencies alongside stocks. Continue reading Crypto Exchange FTX Launches Stock Trading Platform with Stablecoins at DailyCoin.com.
- Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crashby Cointelegraph By Tom Farren (Cointelegraph.com News) on May 20, 2022 at 11:00 am in Terra, LUNA, UST, stablecoin
A revelatory discovery of legal documents could provide greater context to the catalyst of the infamous LUNA and UST price crash
- Regulate Ledgers and Not Individual Crypto Providers, BIS Study Saysby Jack Schickler (CoinDesk) on May 20, 2022 at 10:59 am in Policy
To make cross-border payments easier, you need to change your whole way of thinking, the authors of the BIS study found.
- Goldman Sees Little US Economic Impact From Lower Cryptocurrency Pricesby Will Canny (CoinDesk) on May 20, 2022 at 10:43 am in Markets
Any drag on aggregate U.S. spending from the recent decline in cryptocurrency markets is likely to be very small, Goldman Sachs said. The stock market decline has had a much larger effect on U.S. household net worth.
- Crypto veterans extend a helping hand to bear market newbiesby Cointelegraph By Ezra Reguerra (Cointelegraph.com News) on May 20, 2022 at 10:40 am in Bear market advice
Guy Swann listed buying Bitcoin on top of his list of advice for beginners who are experiencing their first bear market.
- Swiss Watchmaker Tag Heuer Says It’s Time to Accept Crypto Paymentsby Tadas Klimasevskis (DailyCoin.com) on May 20, 2022 at 10:30 am in Adoption, Blockchain, NFTs, Web 3.0, Crypto Payments, Fashion, Fashion NFTs
These will include Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) plus the most popular stablecoins like Tether and USD Coin. Continue reading Swiss Watchmaker Tag Heuer Says It’s Time to Accept Crypto Payments at DailyCoin.com.
- Central bankers bellow Bitcoin on El Salvador’s Bitcoin Beachby Cointelegraph By Joseph Hall (Cointelegraph.com News) on May 20, 2022 at 10:24 am in El Salvador, Lightning Network, Lightning, Central Bank, Education, Bitcoin Community
On day three of El Salvador’s financial inclusion and funding for SMEs conference, Bitcoin has stolen the show.
- UK Regulator to Consider Terra Coins Collapse in New Crypto Rules: Reportby Camomile Shumba (CoinDesk) on May 20, 2022 at 9:06 am in Policy
The U.K.’s Financial Conduct Authority and Treasury will scrutinize the collapse of Terra’s coins and factor that into its crypto regulatory package.
- Bitcoin Options Data Suggests Bearish Sentiment Among Investorsby Shaurya Malwa (CoinDesk) on May 20, 2022 at 8:18 am in Markets
Put/call ratios for Bitcoin options reached yearly highs on Thursday, data shows.
- Why Has the Metaverse Captured So Much Attention Recentlyby Press Release (DailyCoin.com) on May 20, 2022 at 8:10 am in PR, decent
Recently, the concept of the metaverse has gotten everyone hyped: from tech giants and enthusiasts to scientists and economists Continue reading Why Has the Metaverse Captured So Much Attention Recently at DailyCoin.com.
- Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominanceby Cointelegraph By William Suberg (Cointelegraph.com News) on May 20, 2022 at 7:40 am in Bitcoin, BTC price, dollar currency index, dxy
Macro conditions flip to reduce pressure on risk assets, as one view gives Bitcoin bears $14,000 capitulation “hopium.”
- Ethereum devs tip The Merge will occur in August ‘if everything goes to plan’by Cointelegraph By Tom Mitchelhill (Cointelegraph.com News) on May 20, 2022 at 6:33 am in Proof-of-Stake, Ethereum 2.0, upgrade, Proof-of-Work, Developers
Core Ethereum developer Preston Van Loon says that the network’s long-awaited transition to proof-of-stake will most likely happen this August.
- Commonwealth Bank puts crypto trading trial on ice as regulators ditherby Cointelegraph By Brian Newar (Cointelegraph.com News) on May 20, 2022 at 5:35 am in CBA, Matt Comyn, ASIC
Commonwealth Bank of Australia CEO Matt Comyn insists his bank will move forward with the second pilot of crypto services on its app once regulatory uncertainty is cleared up.
- Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and moreby Cointelegraph By Jesse Coghlan (Cointelegraph.com News) on May 20, 2022 at 5:15 am in terra, stablegains, stablecoin, terra losses, luna collapse, crypto collapse, luna foundation guard, hashed, avalanche, terra treasury, UDSC, UST, class action lawsuit
Yield generation app Stablegains is facing a lawsuit after losing around $44 million worth of user funds in the Terra collapse when it previously said it allocated funds “across a number of stablecoins.”
- People want to be paid crypto to exercise in the Metaverse: Surveyby Cointelegraph By Tom Mitchelhill (Cointelegraph.com News) on May 20, 2022 at 4:56 am in Metaverse, Play-to-earn, Blockchain Game, Games
A new survey has revealed that blockchain technology may be a better fitness motivator than traditional monetary incentives.
- Tether CTO: Terra wasn’t a rug pull, it was a poorly designed ‘castle of cards’by Cointelegraph By Brian Quarmby (Cointelegraph.com News) on May 20, 2022 at 4:53 am in Tether, Bitfinex, Terra, UST, LUNA, Do Kwon, USDT, Paolo Ardoino
“It was clear to me, it was clear to many that I know that it was a bad idea,” said Tether and Bitfinex CTO Paolo Ardoino.
- Mashinsky says ‘Sharks of Wall Street’ circling around Celsius and other projectsby Cointelegraph By Brian Newar (Cointelegraph.com News) on May 20, 2022 at 4:16 am in Alex Mashinsky, Celsius, Sharks of Wall Street
Alex Mashinsky has stated firmly that it is opportunistic short sellers on Wall Street that is responsible for the negative price action in the markets.
- SEC can’t confirm if video of Bill Hinman is actually Bill Hinman in Ripple caseby Cointelegraph By Brian Quarmby (Cointelegraph.com News) on May 20, 2022 at 2:07 am in SEC, Ripple Labs, XRP, Bill Hinman, XRP lawsuit
“After reasonable inquiry, the information known and currently available is not sufficient to enable the Commission to admit or deny this request,” the SEC stated in court documents.
- MicroStrategy’s Bitcoin Holdings And The Grayscale Bitcoin Trust Discountby Dylan LeClair And Sam Rule (Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides) on May 20, 2022 at 1:30 am in Gbtc, Markets, Bitcoin Magazine Pro, Barry Silbert, michael saylor, microstrategy, Stocks
Shares of GBTC are trading below prices seen during the 2017 bull run and markets are repricing the level of risk of holding MicroStrategy equity.
- First Mover Asia: KuCoin Plans to Bolster DeFi Activity on Its Blockchain After $150M Raise; Cryptos Gainby Shaurya Malwa, Damanick Dantes, James Rubin (CoinDesk) on May 19, 2022 at 11:30 pm in Markets
The crypto exchange will add technical support to support developers building on KuCoin’s public blockchain; bitcoin outperforms ether.
- Wasabi Versus Samourai: TX0 Has Nothing To Do With Itby Shinobi (Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides) on May 19, 2022 at 10:30 pm in Samourai, Transaction Zero, Technical, bitcoin mixing, Coinjoin, Opinion, Wasabi
The feud between bitcoin mixing services Wasabi and Samourai should not come down to the latter’s Transaction Zero feature.
- CFTC Charges 2 Men With Running a $44M Crypto Ponzi Schemeby Cheyenne Ligon (CoinDesk) on May 19, 2022 at 9:55 pm in Policy
Two U.S. residents have been charged with running a crypto Ponzi scheme that allegedly defrauded hundreds of investors out of a collective $44 million.
- Avalanche Says Luna Foundation Guard Has ‘Disclosed No Plans’ for AVAX Tokensby Tracy Wang (CoinDesk) on May 19, 2022 at 9:50 pm in Markets
Avalanche, the smart-contracts blockchain, says it is ready to work with Luna Foundation Guard on a “sensible trading strategy” if the tokens were to be sold.
- Coinbase Outlines Cost-Cutting Measures, Employee Grants Amid Weak Results and Crypto Rout: Reportby Michael Bellusci (CoinDesk) on May 19, 2022 at 9:48 pm in Business
The report based on internal emails seen by The Information comes after Coinbase said earlier this week it will slow hiring
- Former BitMEX CEO Arthur Hayes Faces 6 to 12 Months in Jail at Sentencing Hearing Fridayby Cheyenne Ligon (CoinDesk) on May 19, 2022 at 9:47 pm in Policy
- G7 financial officials call on Financial Stability Board to step up crypto regulation—reportby Cointelegraph By Derek Andersen (Cointelegraph.com News) on May 19, 2022 at 9:45 pm in Stablecoin, Cryptocurrencies
Chaos on the crypto market in the wake of the Terra collapse caused a heightened sense of urgency among the ministers to continue the regulatory process.