Circle CEO Urged Watchdogs to Accept That People Want Digital Cash

circle-ceo-urged-watchdogs-to-accept-that-people-want-digital-cash

The Circle CEO continued to push the adoption of digital currencies as he viewed cash’s features, including portability, privacy and role in securing individual sovereignty, are what could make digital cash alluring to people. “Cash Is King” In a panel discussion hosted by the World Economic Forum, Circle CEO Jeremy Allaire elaborated his bullish thesis … Read more

Crypto Investor and Influencer Arrested for Visiting Terra Founder Do Kwon’s Apartment

crypto-investor-and-influencer-arrested-for-visiting-terra-founder-do-kwon’s-apartment

The unknown person visiting Terraform Labs’ founder, Do Kwon, has been identified and later arrested. According to a BBC News report, an AfreecaTV streamer who goes by “Chancers” was the desperate man who knocked on the controversial exec’s home earlier this month. The social media personality made quite a fortune after entering the digital asset … Read more

Risk-Aversive Bets Reigned Amid Terra’s Notorious Plunge (Report)

risk-aversive-bets-reigned-amid-terra’s-notorious-plunge-(report)

Crypto exchange Bybit collaborated with blockchain analytics platform Nansen to publish another monthly report on the state of the crypto industry. It focused on the broader market condition, DeFi activities, and NFT markets. The paper regarded Terra’s notorious collapse as fundamentally destructive to the nascent crypto community but beneficial to other Layer-one competitors since they … Read more

Ray Dalio Still Holds ‘Tiny Percentage’ of Portfolio in Bitcoin

ray-dalio-still-holds-‘tiny-percentage’-of-portfolio-in-bitcoin

Bridgewater Associates founder Ray Dalio confirmed on Tuesday that a “tiny percentage” of his portfolio is allocated to Bitcoin. He acknowledged how it could play a special role in today’s worldwide inflationary environment, among a broader set of safe-haven assets. Cash is Still Trash In conversation with CNBC’s Andrew Sorkin, Dalio reiterated his “cash is … Read more

South Korean Authorities Ask Exchanges to Block LFG From Withdrawing Funds: Report

south-korean-authorities-ask-exchanges-to-block-lfg-from-withdrawing-funds:-report

South Korean police are reportedly looking to freeze assets associated with the non-profit organization Luna Foundation Guard (LFG) following the eventful collapse of Terra (LUNA). According to South Korea’s national broadcaster Korean Broadcasting System (KBS), on Monday (May 23, 2022), the Seoul Metropolitan Police Agency asked several exchanges in the country to prevent LFG from … Read more

Investors Shouldn’t Abandon Crypto Because of Terra’s Collapse, Says IMF’s Managing Director

investors-shouldn’t-abandon-crypto-because-of-terra’s-collapse,-says-imf’s-managing-director

According to Kristalina Georgieva – the Managing Director of the International Monetary Fund (IMF) – the recent fiasco with LUNA and UST should not become a reason for people to turn their backs on the cryptocurrency industry entirely. Unlike her previous statements, she praised the “faster service, much lower costs, and more inclusion” that the … Read more

South Korean Crypto Exchanges Issue Investment Warnings After Litecoin’s MWEB Update

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Two leading South Korean cryptocurrency exchanges, UpBit and Bithumb, have issued a warning for Litecoin after the activation of MimbleWimble Extension Blocks (MWEB). Growing Concerns UpBit revealed terminating “transaction support for digital assets with technology that makes transmission records indistinguishable from the past” while pointing to Korea’s Act on the Reporting and Use of Specific … Read more

ADA Price Analysis: Cardano at Critical Support, is $0.40 In Sight?

ada-price-analysis:-cardano-at-critical-support,-is-$0.40-in-sight?

ADA failed to sustain a rally and break the key resistance. Now, the price is dangerously close to a critical support. Key Support levels: $0.50, $0.40  Key Resistance levels: $0.60, $0.75 ADA attempted to rally yesterday, but the price was quickly pushed back to the key support at $0.50. Should this critical level fall, then … Read more

XRP Price Analysis: Here’s The Next Support for Ripple Following 7% Daily Drop

xrp-price-analysis:-here’s-the-next-support-for-ripple-following-7%-daily-drop

For nearly two weeks, Ripple has been below its static level at $0.45. The bulls attempted to push the price above it several times, but so far, they have failed. Technical Analysis By Grizzly The Daily Chart On the daily timeframe, XRP saw a 37% recovery below the static level (in blue) after the bulls … Read more

Bloodbath: Half of Top 30 Cryptocurrencies 80% Below ATH

bloodbath:-half-of-top-30-cryptocurrencies-80%-below-ath

As BTC gets rejected from $30,000 and ETH slides below $2,000, the broader crypto market is deep in the red zone. As of now, half of the top 30 cryptocurrencies are 80% (or more) down from ATHs. Altcoins in Bloodbath After major cryptocurrencies hit ATHs last November, with Bitcoin touching the $69,000 level at one … Read more