Highlights May 9: NEAR surges on user growth, LUNA loses 10% after UST peg drop.

The crypto market is mostly bearish with the majority of top 100 coins in… The post Highlights May 9: NEAR surges on user growth, LUNA loses 10% after UST peg drop appeared first on Coin Journal. origin »

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Why Investing in Stablecoins is a Great Move: Earn up to 13.86% Interest with Hodlnaut.

Looking for high-interest rates on a trusted platform? Investing in stablecoins like USDT, USDC and others is currently providing much higher APYs than similar investments in traditional banks. origin »

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Wanted: Conti Hackers – US Dangles $15 Million For Info On Russian Cybercriminals.

The United States offered a reward of up to $15 million for information on the Russia-based cybercrime organization Conti, which has been accused of cyber-extortion attacks around the globe, State Department spokesman Ned Price said. origin »

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Bitcoin Nosedives To $34K As Fear And Greed Index Registers ‘Extreme Fear’.

Bitcoin is on track for its sixth consecutive week of losses, its longest losing streak to date. A confirmation of this pattern is likely to portend additional losses for the most popular cryptocurrency in the world. origin »

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Cryptocurrencies Won’t Save Russia From Dodging Sanctions, Moody’s Says.

It has been argued that Russia may avoid Western sanctions for invading Ukraine by using cryptocurrencies. However, is it viable? The small scale of the cryptocurrency market restricts Russia’s capacity to use cryptocurrencies to bypass international sanctions, according to credit rating agency Moody’s. origin »

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For the crypto industry, supporting sanctions is an opportunity to rebrand.

Failure to align with the wider financial services industry by enforcing sanctions against Russia will come at a high cost for the crypto sector. origin »

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Crypto, like railways, is among the world’s top innovations of the millennium.

Finding a million reasons why blockchain won’t succeed turned out to be one of the biggest innovations in the last 500 years.

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Bitcoin price prediction amid taking another leg lower.

Bitcoin took another leg lower this weekend, and it now trades close to its 2022 lows. After reaching $40,000 in May, it dropped sharply on generalized US dollar strength. Because Bitcoin is the leading cryptocurrency, its fluctuations influence the entire cryptocurrency market. origin »

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Bitcoin price target now $29K, trader warns after Terra weathers $285M ‘FUD’ attack.

Doom and gloom continues for Bitcoin markets as Terra’s Do Kwon brushes aside a “deliberate and coordinated“ attack on its TerraUSD and LUNA tokens. origin »

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Bitstamp Appoints JB Graftieaux as CEO After Julian Sawyer's Departure.

Bitstamp, Europe's largest crypto exchange, has appointed former chief compliance officer JB Graftieaux as its new CEO following the departure of Julian Sawyer. origin »

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How Big Is Crypto Crime, Really?.

Estimates of the scale of online crime range from under 1% to nearly half of all crypto activity – so CoinDesk looks under the hood. origin »

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Terra Ecosystem Faces Pressure as Stablecoin Depegs.

Terras UST experienced a similar depeg event during a market-wide meltdown in May 2021. More Problems for UST Its been an eventful weekend for the Terra ecosystem. The Layer 1... origin »

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LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead?.

Excessive Terra supply coupled with UST supply contraction coincides with LUNA’s price decline.

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6 Questions for Ming Duan of Umee.

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Plain talk about NFTs: What they have been and what they are becoming.

The real value of NFTs lies in empowering artists, creators and collectors to enforce their rights to distribute, resell and collect. origin »

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Utah Governor approves of blockchain and digital innovation task force.

Some of the primary duties assigned to the task force involve making policy recommendations related to blockchain and related technologies. origin »

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Crypto Boom In The Gulf: Dubai, Abu Dhabi Fast Becoming Hotbed Of Digital Currency.

In response to the global cryptocurrency boom, the United Arab Emirates has become a hub for the industry as a result of its crypto-friendly legislation, which have made it a favorite destination for digital currency aficionados. origin »

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Cardano Reports Massive Spike in Number of Plutus Scripts on Network.

Cardano shows increased development activity as number of Plutus Scripts is on stable rise origin »

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If Bitcoin Breaks Well Below $30,000, Crash Under $10,000 May Follow: Peter Schiff.

SchiffGold chairman believes that Bitcoin may fall from $30,000 down below $10,000 origin »

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Luna Foundation Guard Lends $1.5B in BTC and UST for Stablecoin Peg.

The move comes after UST briefly lost its peg to the U.S dollar over the weekend. origin »

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First Mover Asia: BitMEX Saga Leaves Lingering Regulatory Questions, Bitcoin Falls.

Arthur Hayes and his BitMEX co-founders must each pay a $10 million fine, but contesting the case against them might have clarified which financial regulatory agency should have primary oversight of cryptocurrencies; a tough weekend for cryptos. origin »

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Bitcoin Slides to 3-Month Low to Below $34K.

Digital-asset analysts warned late last week that price-chart trends had turned bearish for the largest cryptocurrency. origin »

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Will Russia Actually Trade Oil For Bitcoin?.

Russia announced a willingness to accept bitcoin in exchange for oil, but will countries actually pay in bitcoin or will they stick to gold? origin »

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Anchor Protocol rebounds sharply after falling 70% in just two months — what’s next for ANC?.

The total value locked inside the Anchor Protocol’s liquidity pools reached an all-time high earlier this week.

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