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Latest Blockchain and Crypto News



SEC

The head of the SEC predicts the collapse of many cryptocurrencies

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According to the Chairman of the Securities and Exchange Commission (SEC) Gary Gensler, it is possible to regulate the cryptocurrency market using the existing securities legislation. This week, Gensler commented on the collapse of the UST stablecoin. The head of the SEC predicts that in the near...

Terra

Terra's collapse provokes the fall of cryptocurrencies close to it

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The depreciation of the coins of the Terra cryptocurrency project - LUNA and UST, continues to negatively affect the digital asset market. So, over the past few days, amid panic discussions about the fall of the above coins, several more cryptocurrencies related to Terra's activities have fallen in...

Bitcoin

Traders have sent about 40K BTC to exchanges since May 11

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The fall in the value of bitcoin below $30,000 occurred after a large amount of cryptocurrency entered the exchanges. The IntoTheBlock report states that since May 11, a total of about 40,000 BTC have been sent to trading platforms. As a result of a massive reset, the largest digital currency...

ETH

The number of active Ethereum addresses decreased by only 7%

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According to CryptoQuant CEO Qi Yang Ju, activity on the Ethereum network remains consistently high. The number of addresses sending and receiving funds daily fell by only 7% despite the sharp increase in volatility after the collapse of the UST stablecoin. As a result of the turbulence, the...

Bitcoin

Bitcoin enters another phase of accumulation

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Three Arrows Capital CEO Su Zhu commented on the position of bitcoin. In his opinion, the largest digital currency is entering a new phase of accumulation. The BTC exchange rate on Friday, May 20, strengthened to $30,144. Su Zhu pointed to several factors that signal a gradual change in trend. Over...

Pakistan

Pakistani authorities will collect taxes from traders and crypto companies

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In January 2022, the Pakistani authorities were preparing to ban all types of cryptocurrency transactions. The corresponding document was prepared to take into account the position of the Central Bank of the country, which demanded the introduction of fines for violating such a ban. However,...

Meta

Facebook to Launch Digital Asset-Enabled Payments Platform

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Despite how the digital asset market has suffered amid the decline in the BTC, as well as the depreciation of LUNA and UST, some tech giants do not even think to pause in the implementation of their crypto plans. So, the other day, the media began to actively discuss applications that Meta's...

Philip Falcone

Philip Falcone wants to create a channel about crypto and blockchain

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There are many resources dedicated to cryptocurrencies on the Internet, including YouTube channels and social networks. Despite the crisis and the departure of many media from the market, a large number of sites and blogs about the cryptosphere are still available to users of the World Wide Web....

BitMex

BitMEX exchange will launch spot trading in cryptocurrencies

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Spot transactions with digital currencies will become available to users of BitMEX. The press service of the company said that transactions can be made in tandem with Tether (USDT). Investors will be able to trade with bitcoin, ether, UniSwap, ChainLink, Polygon, and Ape. Through the launch of...

Terra

South Korea held parliamentary hearings on the fall of UST and LUNA

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Against the backdrop of the collapse of the digital assets of UST and LUNA, parliamentary hearings were organized in South Korea by one of the political parties. According to reports, the “event” was also directly attended by the co-founder of the Terra project Do Kwon. This was reported by...

China

Chinese miners control over 22% of bitcoin hashrate

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In May 2021, the Chinese authorities began to force miners out of the country. As a result, the computing power of the Bitcoin network collapsed to a minimum since 2019. If before China was the world leader in terms of bitcoin capacity, now American miners control the lion's share of the BTC...

Australia

Australian authorities reminded crypto traders of tax obligations

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Australian traders must pay taxes on income received from digital asset transactions. With the corresponding reminder the day before, the Australian Tax Administration issued a reminder. Moreover, taxes must be paid on all types of transactions, including NFT tokens. Australia is on the list of...

Terra

Terra Ecosystem Restoration Plan Ready

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Yesterday, May 16, the co-founder of the troubled Terra blockchain network, Do Kwon, announced a change in the previously approved strategy to restore the ecosystem. The idea to create a new plan arose against the backdrop of a significant decline in Terra's capitalization in recent days, for which...

Celsius Mining

Celsius Mining files for IPO

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Mining company Celsius Mining, a subsidiary of the crypto-lending platform Celsius Network, has confidentially filed an S-1 application with the US Securities and Exchange Commission (SEC) for an IPO. "The registration statement is expected to become effective after the SEC completes its...

Nigeria

Nigeria equates cryptocurrencies to securities

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The Nigerian Securities and Exchange Commission (SEC) has published new rules for regulating cryptocurrencies, which classified them as securities. According to the 54-page document, digital assets are analogous to a stock or an issuer's debt claim. “Cryptocurrencies are by default administered...

India

Reserve Bank of India: Cryptocurrencies weaken dollar

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The Indian authorities maintain a negative attitude towards digital currencies. Back in April, the head of the country's financial department, Nirmala Sitaraman, said that such tools are mainly used by criminal structures. The Reserve Bank of India believes that the massive transition to...

McGlone

Mike McGlone: Bitcoin Will Benefit from The Fed Tightening

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Bloomberg strategist Mike McGlone commented on the fall of the stock market and digital currencies. In his opinion, the trend we observe is a direct result of the tightening of the monetary policy of the US Federal Reserve System. The expert expressed his position in an interview with Yahoo...

Buterin

Buterin urged Terra to focus on compensation to small investors

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The recovery plan for lost funds due to the collapse of the Terra project should give priority to holders of small amounts. This opinion was expressed by Ethereum co-founder Vitalik Buterin. On May 8, the algorithmic stablecoin TerraUSD (UST) lost its peg to the US dollar. This happened against the...

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