China returns as 2nd top Bitcoin mining hub despite the crypto ban
China still hosts 21% of the total global Bitcoin hash rate after the local government banned all crypto operations in...
Month: May 2022
RBI warns of crypto ‘dollarization’ of Indian economy
Crypto “will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country,” according...
Twitch co-founder raises $24M for Web3 gaming firm Metatheory
The funding round led by Web3-focused venture capital firms will be used for upcoming nonfungible tokens, comics and a play-to-earn...
Bitcoin Price Prediction for Today May 16: BTC Price Fluctuates Above $30K
Bitcoin Trades in a Tight Range as BTC Price Fluctuates Above $30K – May 16, 2022 Since May 12, BTC/USD...
Miami and New York City coins tank despite Mayoral endorsements
“People will stop mining the coin if they can’t make money off of it,” according to Michael Bloomberg who referred...
Stablecoin supplies and cash reserves in question amid crypto exodus
The fallout from Terra’s collapse continues as outflows from Tether (USDT) hit an average of $1.1 billion a day over...
Coinbase unveils Web3 mobile Dapp and DeFi wallet and browser
Coinbase is rapidly expanding its product offerings this month as some select users can now access DeFi and other Dapps...
Iran Blocks 9,200 Bank Accounts Over Suspicious Foreign Currency, Crypto Transactions
Iran’s Ministry of Intelligence has reportedly blocked almost 10,000 bank accounts over suspicious foreign currency and cryptocurrency transactions. The action...
Former Fed Chair Bernanke: Bitcoin Is Mainly Used in Underground Economy for Illicit Activities
Former Federal Reserve chairman Ben Bernanke says the main use of bitcoin is “mostly for underground economy activities and often...
Grayscale Launches European ETF While Urging SEC to Approve GBTC Conversion Into Spot Bitcoin ETF
Grayscale Investments has announced the launch of an exchange-traded fund (ETF) in Europe. The company’s Future of Finance UCITS ETF...
Portugal to lose crypto tax haven status as state announces gains duties
The small Iberian nation is set to reverse a long-standing tax law that excluded crypto gains on the grounds that...
US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions
An unnamed individual allegedly sent more than $10 million in Bitcoin to an exchange in a country for which the...
California regulator will revisit long-running ban on crypto donations on May 19
“This has been on our radar since late last year,” said California’s Fair Political Practices Commission communications director Jay Wierenga....
Analysts say Ether price must hold this key level to avoid a capitulation-like move
Traders identify key support and resistance levels that Ethereum must hold as ETH price trades at levels not seen since...
Bitcoin Price Prediction for Today, May 16: BTC Turns Bearish as Price Drops to $29,055
The Bitcoin price prediction keeps extending the bearish movement to the areas below the support level of $30,000. Bitcoin Prediction...
