Latest Blockchain and Crypto News

Fidelity's crypto unit is going to double the number of its employees as it assumes the demand for cryptos will rise this year. The international financial services company launched Fidelity Digital Assets in 2018 to enable the storage and trading of Bitcoin. A publication by Wall Street Journal...

During the May turbulence, the Luna Foundation Guard sold over 80,000 bitcoins to support the UST stablecoin. Glassnode analysts found that almost all of these coins were bought by whale wallets holding less than 100 BTC. According to the researchers, LFG floated 80,081 BTC earlier this month. This...

Leading bank Morgan Stanley predicts that the amount of venture capital crypto investments may decrease by 50% this year. The institution said in a report, despite the latest fall of the market, crypto investments remain high. Last year, crypto firms secured a record of $30 bln of VC investments....

Over the last 24 hours, the total crypto market cap increased by around 3% and now stands at above $1.3 trillion. After nine consecutive weeks of losses, Bitcoin price went above $31,600 again. Ether trades at above $1960. The Cardano blockchain's ADA coin is among the biggest gainers of this week....

MoneyGram platform general Alex Holmes said that the company’s immediate plans are to become a kind of “bridge between the cryptocurrency and fiat worlds.” Today, the largest company specializing in international transfers - MoneyGram International, announced the decision to direct its...

The Reserve Bank of India (RBI) has advocated a phased approach to CBDC implementation to maintain control over the process. News 18 writes about this concerning the annual report of the regulator. “The Reserve Bank proposes to take a stepwise approach to CBDC implementation, step by step going...

Bitcoin remains an asset free from government and corporate interference, inspiring confidence “in this uncertain world.” This was stated in an interview by the head of MicroStrategy Michael Saylor. According to the head of MicroStrategy, the markets have entered bearish territory - bonds act...

Terra's crash caused discussions and questions. The South Korean government now is investigating Terraform Labs, the company that developed the project to find out whether the team manipulated the price. According to local media, authorities have called on Terraform Labs employees as a part of a...

The Terra ecosystem was relaunched via Terra 2.0 on May 28. Now, the original Terra is called Terra LUNA Classic. The price of the new LUNA token, or Luna 2.0 has seen great volatility. Since the release, the token fell by around 70%. LUNA 2 tokens were airdropped to those who had Luna Classic,...

On the Ethereum network, the number of unprofitable addresses has risen to its highest level in two years. The researchers found that more than 34.1 million ETH holders were in the red, that is, they bought ether at prices higher than today. The largest altcoin ended the past week below the...

On May 27, Elon Musk revealed that SpaceX will accept Dogecoin. In January, Tesla started supporting DOGE as a means of payments for certain products. A user asked whether they will be able to pay for Starlink subscriptions via the meme coin in the future. Replying to the question, Musk said one...

The third largest crypto and the largest stablecoin USDT now operates on the Ethereum scaling solution, Polygon in addition to other blockchains, including Ethereum, EOS, and others. The Polygon team published a blog post that says the network's DeFi space will benefit greatly from USDT, which...

STEPN, a move-to-earn web 3 application recently revealed blocking users based in China to comply with regulations. The project, based on the Solana blockchain, launched its native token GMT in March 2021. Users can buy and trade NFT trainers in the game and earn rewards in GMT while walking and...

The largest cryptocurrency exchange in Latin America, Bitso, has terminated the employment relationship with 80 employees. Bitso explained the staff optimization by “rethinking the set of necessary employee competencies.” Before this, the company had more than 700 specialists. The bitcoin...

Crypto and blockchain influencer, the co-founder of the Ethereum blockchain, Vitalik Buterin published an analytical article about algorithmic stablecoins and how they can operate efficiently. The most essential thing about stablecoin protocols is resiliency, according to Buterin. He wrote that the...

Cryptocurrencies continue to retreat amid increasing pressure on risky assets. Bitcoin fell to $28,943 this morning, over the past 24 hours, its capitalization has decreased by 4% to $551.376 billion. Ether (ETH) and Binance Coin (BNB) dropped over 6% to $1,780 and $298, respectively. Solana (SOL)...

Brazil has joined those countries that are considering options for creating a national digital currency (CBDC). However, the Central Bank of this Latin American state will not rush to launch the token. The largest Brazilian bitcoin exchange Mercado has become a member of the project to create a...

During a budget voting session on May 25, the Parliament of Portugal rejected proposals to tax BTC and other cryptos. The bills suggested taxing crypto profits in excess of €5,000 (equal to $5,340.45). Since 2018, Portugal has considered taxing individual crypto sales. Currently, the country...