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Vitalik Buterin algorithmic stablecoins

Buterin Said How to Create Algo Stablecoins That Will Last

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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...

Bitcoin whales

Whales took advantage of Bitcoin's fall below $30,000

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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

The CB of Brazil can deploy a digital real on the Stellar blockchain

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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...

Portugal crypto tax

Portugal's Parliament Rejects Crypto Tax Bills

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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...

crypto JPMorgan

JPMorgan Says Bitcoin Has a Significant Upside Potential

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Amid bearish sentiments prevailing in the market, Nikolaos Panigirtzoglou and other strategists of the leading investment bank JPMorgan said in a note that BTC is likely to go up after the recent fall. They predicted the rise of the coin to $38,000, about a 29% increase of Bitcoin's current trading...

Ray Dalio

Ray Dalio confirms that part of his capital is stored in bitcoin

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Ray Dalio, the founder of hedge fund Bridgewater Associates, reiterated that he holds a small amount of bitcoin in his portfolio. Last year, this financier pointed to the gigantic potential of cryptocurrency. According to him, the limited supply of BTC is the main factor that will support the value...

Scott Minerd

Scott Minerd of Guggenheim Partners doesn't rule out BTC's drop to $8K

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Bitcoin again sank below $30,000, altcoins are also losing today. Against the backdrop of prolonged market stagnation, many experts began to revise their forecasts for the worse. If at the end of 2020 the investment director of Guggenheim Partners Scott Minerd stated that BTC should trade at...

FED

The Fed recognized the growing interest of Americans in cryptos

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The United States is on the list of countries with a growing share of cryptocurrency investors. Moreover, this country is confidently leading the world in terms of the number of bitcoin ATMs, which indicates the desire of Americans to test the possibilities of virtual currencies. The US Federal...

a16z crypto investments

Andreessen Horowitz Announced a $4.5 B Web3 Fund

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Venture Capital company Andreessen Horowitz (a16z) has closed its latest crypto fund of $4.5 billion. This is the fourth crypto fund by the company for crypto and blockchain startups. The VC will dedicate $1.5 billion of the mentioned amount to seed investments, and $3 billion to venture...

Francis Suarez crypto

Miami Mayor Keeps Receiving His Salary in Bitcoin

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Francis Suarez, the Mayor of Miami said he keeps taking his salary in Bitcoin, although the coin's price dropped by around 40% in the last two months. At the World Economic Forum, he said that it's not his only salary. Suarez mentioned that it's a different decision if someone decides to take their...

Bitcoin

Bitcoin has been losing for the past seven weeks

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For the past seven weeks in a row, the price of bitcoin has been declining. Despite small and short-term bounces, sellers do not allow the coin to change fundamental positions. According to Bloomberg, we are seeing the longest correction since 2011. Today, during the Asian session, BTC bounced...

Vitalik Buterin Billionaire

Vitalik Buterin Revealed Not Being a Billionaire Anymore

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Ethereum co-founder Vitalik Buterin said in one of his tweets that he is no longer a billionaire. Replying to a post of the Neoliberal Project about people analyzing tweets of Elon Musk and Jeff Bezos, Buterin wrote he appreciates them for responding to people, and not shouting their own stuff. He...

Terra

Terra developers will launch a new network instead of a hard fork

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Terra representatives said that the “revival plan” of the project does not involve forking the existing network, but creating a new one. They noted that with a classic fork, the new network inherits the history of the original, but this will not be the case with Terra 2.0. “If proposal 1623...

IMF crypto

IMF Executive Tells Not to Leave Crypto After Terra’s Crash

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Managing Director of the International Monetary Fund, Kristalina Georgieva, finds that the collapse of Terra blockchain's UST stablecoin shouldn't be a reason to abandon the crypto market. At the World Economic Forum’s annual meeting, she advised not to draw out the importance of the crypto...

SMFG

The Japanese holding will launch a division for the storage of crypto

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Japanese financial giant Sumitomo Mitsui Trust plans to create a subsidiary that will provide custody services for digital currencies. According to Nikkei Asia, the Japan Digital Asset Trust division will serve institutional investors who fear for the safety of their digital assets. Thus, another...

Magic Johnson NFTs

Magic Johnson to Launch His NFT Collection

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Legendary basketball player Earvin "Magic" Johnson announced the launch of his first NFT collection. He tweeted being excited to present some of his epic moments from his career to fans. I’m really excited to partner with @nbatopshot to release my first NFTs and bring some of my...

LTC

Litecoin is threatened with withdrawal from the South Korean exchanges

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The update of MimbleWimble on the Litecoin (LTC) network allows you to ensure the confidentiality of transactions. However, the anonymity of LTC blockchain users has raised concerns among South Korean cryptocurrency exchanges. As part of compliance with local anti-money laundering legislation,...

India Reserve Bank crypto

India Reserve Bank Governor Warns Against Cryptocurrencies

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The governor of India's Central Bank, Shaktikanta Das mentioned the risks related to cryptos in an interview with CNBC-TV18. Pointing to the fall of crypto prices, Das said that Indian regulators have been cautioning against the sector previously. Recently, prices of cryptocurrencies dropped...

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