Category: Cryptocurrency

May 06
Ice Cube backs DOGE and an ‘incredible and historical’ transaction

Ice Cube said he is down with the “DogeArmy” after Bill Lee bought $625,000 worth of NFTs tied to the rappers’ BIG3 basketball league in DOGE. 1976 Total views 5 Total shares Iconic rapper Ice Cube — also known as O’Shea Jackson Sr — has jumped on the Dogecoin bandwagon with his endorsement of an […]

May 06
Argentina’s central bank steps in to block new crypto offerings from banks

Only four days have passed since two of Argentina’s biggest banks opened up to crypto trading but now the central bank has stepped in to block the offerings. 116 Total views 1 Total shares The central bank of Argentina (BCRA) has put the kibosh on financial institutions offering crypto trading only days after two of […]

May 06
‘Decentralized Twitter’ Bluesky releases code, outlines content moderation

Bluesky outlined that it is “not possible to have a usable social network without moderation,” and intends to build a moderation model for the network dubbed “speech and reach.” 262 Total views 4 Total shares Twitter’s decentralized social media project Bluesky has released its first batch of code, and also committed to content moderation on […]

May 06
Descending channel pattern and weak futures data continue to constrain Ethereum price

Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending channel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test the pattern’s $2,870 resistance. Ether/USD price at FTX. Source: TradingView Federal Reserve monetary policy continues to be […]

May 05
Bitcoin drops to $35.5K as 1,000 point Dow correction marks the worst trading day since 2020

BTC and ETH price imploded toward swing lows as the Dow tumbled by 1,000 points and the Nasdaq lost 5%, marking the worst trading day for stocks since 2020. 4417 Total views 31 Total shares Global financial markets plunged into disarray on May 5 as the Dow Jones saw a 1,063 point drop and Bitcoin […]

May 05
Bitcoin celebrates halfway to the halving with new hash rate record

The Bitcoin hash rate hit another all-time high and the 105,000th block since the last halving was mined, marking the halfway to the next halving. 4479 Total views 119 Total shares Bitcoin (BTC) marks a milestone mining journey on Thursday, crossing the halfway point on the way to its next halving.  In Block number 735,000, […]

May 05
DOT rallies 12% in a day as Polkadot gears up to solve a major blockchain hacking problem

Polkadot (DOT) price ticked higher in the past 24 hours on anticipations that its new cross-chain communications protocol would solve a long-standing problem in the blockchain sector. DOT price gains 12% on XCM launch Bulls pushed DOT’s price to $16.44 on May 5 from $14.72 a day before, gaining a little over 12% as they assessed […]

May 05
Binance commits $500M to co-invest in Twitter with Elon Musk

Binance is among 18 co-investors in Elon Musk’s Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity Management and Research Company. 4307 Total views 123 Total shares Major crypto exchange Binance has participated in Elon Musk’s $44 billion acquisition of Twitter, according to data filed with the United States Securities and Exchange Commission. On […]

May 05
Sen. Warren asks Fidelity to address the risks to put Bitcoin in 401(k)s

U.S. Senators requested Fidelity to explain how the firm is planning to address the risks of adding Bitcoin into retirement accounts by May 18. 1160 Total views 42 Total shares The United States government is growing increasingly concerned about Bitcoin (BTC) in retirement savings, with two senators flagging some issues in Fidelity Investments’ plans to […]

May 05
Chainlink set to power Latin American real estate platform

Chainlink is set to automate rental payments to property owners of a Latin American real estate platform, adding a new blockchain use-case for the sector. 1904 Total views 34 Total shares The tokenization of global property markets has been an ambitious goal of the blockchain space, and decentralized finance (DeFi) could offer a novel solution […]