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crypto market news

Crypto Decline Continues, Bitcoin Falls Below $28.000

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Prices of cryptocurrencies continue to decline. Bitcoin dropped below $28,000 and currently trades at around $27.900. The lowest price was around $26,350. Bitcoin's market cap stands at above $529 billion. Ether trades at around $1,880. The total crypto market cap decreased by over 13% in the last...

Terra LUNA fall

LUNA Price Fell More Than 90%, Fluctuations Continue

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The price of LUNA, the native governance coin of the Terra blockchain fell by more than 94% in the last seven days. Although, in general, the crypto market sees difficulties now, LUNA's price drop was the most significant. LUNA hit its lowest price in a year falling below $1 and trading at $0.8...

Mike Novogratz crypto

Mike Novogratz Expects More Volatility in the Crypto Market

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Galaxy Digital CEO Mike Novogratz finds crypto prices will remain volatile at least for the coming quarters. In the company's earnings call on May 9, he said that more damage is expected to be done and the BTC price could fall below $30,000. Galaxy Digital, a financial services firm focused on...

Google Cloud Web3

Google's Cloud Team Forms Web3 Group to Meet Demand in Crypto

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In February, Google's parent company Alphabet announced that the future plans of the conglomerate include blockchain technology and Web 3. And now, the Cloud group of Google is starting a team to offer their services to blockchain app developers. Thus, the company aims to meet the growing...

Federal Reserve crypto

Fed Raised Interest Rates by Half Point, Crypto Market Responds

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The US Federal Reserve made a long-awaited announcement on increasing interest rates. The Bank raised the amount of interest by ½ percentage point for the first time in more than two decades. This means that it will become more expensive for people, business operators and governments to borrow...

Gucci cryptocurrencies

Gucci Will Accept Crypto In Several US Stores

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Popular fashion brand Gucci will enable customers to pay with crypto in several US stores at the end of May. According to an article by Vogue Business, the house will allow the option in all of its stores in North America during the summer. Gucci will accept over ten cryptos including Bitcoin,...

Phemex new listings

Phemex launches 40 tokens for contract trading

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Phemex has experienced significant growth in the past year. In addition to the over 200 spot trading pairs available, it recently listed 22 new trading pairs with popular tokens such as FIDA, GARI, and SHILL. Now, Phemex is listing another 40 new tokens for contract trading, including NEAR (Near...

Kraken United Arab Emirates

Kraken Receives License to Operate in Abu Dhabi

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More crypto exchanges get licenses to provide services in the UAE. The latest of them became Kraken. The company is expanding into the Middle East and will open offices in Abu Dhabi Global Market (ADGM). Previously, digital asset platforms Binance and FTX got licenses to function in the country as...

Stripe twitter crypto

Stripe Partners with Connect to Enable Crypto Payouts on Twitter

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Financial infrastructure platform Stripe is adding crypto payouts to Stripe Connect, its solution for enabling payments into marketplaces and software platforms. The social media giant Twitter will be the first to use it to allow crypto payouts. Twitter already uses Connect to offer various...

Chainalysis report 2021

Crypto Gains in 2021 Surpassed $162 Bln: Chainalysis

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Blockchain data platform Chainanalys released a report on the crypto gains which says that the year was a strong one for the industry. The report mentions that BTC and Ether built a positive momentum at the end of 2020 and hit new highs in 2021. The Chainalysis team wrote who benefited from the...

MorganStanley crypto

Morgan Stanley Finds Crypto's Use as a Currency Can Grow

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Global investment bank Morgan Stanley finds that the use of crypto as a payment method can grow. The bank released a report mentioning that few people use crypto to buy goods as costs for transactions are high and merchants don’t accept them for payments. However, that fact is changing, Morgan...

crypto forecast

33.7 M US Adults Will Own Crypto by the End of 2022; Forecast Says

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Cryptocurrencies have been growing in popularity. According to a forecast by the market research company Insider Intelligence, crypto adoption and usage will continue to rise significantly. This is the company's first forecast on the toptic. The forecast says that payments made in crypto will...

Robinhood new cryptos

Robinhood Listed SHIB, SOL, MATIC, and COMP

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Trading platform Robinhood added four cryptos; Shiba Inu (SHIB), Solana (SOL), Polygon (MATIC), and Compound (COMP). Robinhood announced the news via a blog post. The company mentioned that over 2021, crypto customers have continuously asked for sending and receiving tokens along with a wider...

David Rubenstein crypto

Billionaire David Rubenstein Changed His Mind About Crypto

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Businessman, co-founder of leading private equity firm Carlyle Group, David Rubenstein reconsidered his views on crypto. At an interview with the Colossus podcast, Rubenstein said that he was previously skeptical about crypto as he thought nothing was underlying it. However, the businessman said it...

Peter Thiel Bitcoin 2022

Peter Thiel Mentioned Names of Bitcoin Enemies

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At Bitcoin 2022 held in Miami, PayPal co-founder Peter Thiel enumerated the names of the popular executives that are the main Bitcoin enemies. Thiel accused some of the financial figures of attempting to stop the cryptocurrency and surpass what has become a powerful movement. Well-known investor...

Bank of America about crypto winter

There Is No Crypto Winter Now According to Bank of America

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Bank of America released a note with the title "Digital Assets: In the Flow,” writing that it doesn't see a crypto winter as the market is active both in adoption and in project developments. Crypto trading analysis of individual and exchange wallets reveals a “lack of directional...

ebay crypto payments

eBay CEO Says the Platform Might Accept Crypto

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Leading e-commerce firm eBay considers adding crypto as a means of payment. The president and CEO of the firm, Jamie Iannone said in a phone interview with the financial news provider TheStreet that eBay aims to be the online shopping platform for generation Z and millennials. eBay might make a...

crypto Ukraine

As Ukraine’s CB Halts E-cash Transfers, People Turn To Crypto

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Ukraine’s Central Bank restricted digital money activities, which resulted in increased usage of crypto. Data from a crypto trading platform Kuna show that Ukrainians are mainly paying a premium for Tether's USDT. The CB told e-money issuers to halt the issuance of digital currencies and the...

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