Crypto Publisher

2022-05-19 08:57:02 Ethereum Whales Are Accumulating These Altcoins As Crypto Market Stands Still

Since the crypto markets are displaying warning signs of stability, the largest Ethereum (ETH) whales are obtaining decentralized oracle community Chainlink (LINK) and hard and fast decentralized finance (DeFi) altcoins.

When whales aim to retain their assets for a long time, they frequently transmit cryptocurrencies from platforms. Close to 5000 of the biggest Ethereum wallets (the “whales”) are tracked by Whalestats, with an average value of $24,239,292 and an average of 10,244 ETH, 7 tokens, and 1 NFT.On the other hand, it seems that ETH whales are now heading to DeFi space. These whales are especially opting for crypto lending platform NEXO as well as UMA.

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2022-05-18 18:14:02 Crypto industry wields its influence in Washington after pouring over $30 million into campaigns

U.S. Rep. Ritchie Torres, D-N.Y., called on New Yorkers to support the cryptocurrency market in a March op-ed in the New York Daily News titled, “A liberal case for cryptocurrency.”

“With a multi-billion dollar market capitalization, crypto is here to stay. It’s not going anywhere. New York City should and must embrace crypto if it is to remain the financial capital of the world,” wrote Torres, who sits on the House Financial Services Committee.Torres defended his crypto-backed events in a statement to CNBC, reiterating that he’s received “minimal” contributions from those in the digital currency industry.

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2022-05-17 11:33:02 Bitcoin Sees 7 Straight Weeks of Losses for First Time

Bitcoin (BTC) has had seven straight weeks of losses for the time first in its history amid a downturn in broader markets, stricter crypto regulations, waning retail interest and systemic risks in the crypto sector, data shows.

Bitcoin neared the $47,000 level in mid-March in a run that lasted a couple of weeks after a fall to $37,000 from November’s lifetime highs of nearly $69,000. The asset has since slid every week and could fall to as low as $20,000 if current market conditions continue.Bitcoin, the world’s largest cryptocurrency by market capitalization, has been long positioned as a hedge against inflation.

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2022-05-16 14:49:02 Nigerian SEC Announces New Rules Governing Issuance of Digital Assets

The Nigerian securities regulator has announced new rules that govern the issuing of digital assets. The new rules also include registration requirements for platforms that offer digital assets.The draft document must also give a brief description of the initial digital asset offering, the value of each token, and the privileges it gives to the buyer.

The Nigerian Securities and Exchange Commission (SEC) has announced new rules that govern the issuing of digital assets as securities. The regulations also include rules on the registration requirements for digital assets offering platforms (DAOPs). Virtual asset service providers (VASPs) and digital assets exchanges are covered in the new set of rules that were recently published by the commission.

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2022-05-15 17:17:02 Flow Launched a $725M Fund Backed by a16z, DCG, Coatue

The joint venture, focused on supporting over 7,500 developers working on the Flow network, will offer accelerators and incubators, investments, and FLOW token grants.NBA Top Shot’s host blockchain Flow announced a new $725 million Ecosystem Fund backed by its parent company’s investment arm, Dapper Ventures, and crypto-focused VCs, including a16z, Coatue, and Digital Currency Group.

Dedicated to boosting developments in its ecosystem, the fund will offer investments, in-kind support, and FLOW token grants to eligible developers building applications on its blockchain.Flow, a leading network best known for its NFT projects, was created by Dapper Labs in 2018. The blockchain giant considers the fund as intended to spark innovation and develop new projects built on its platform.For instance, Flow will offer office spaces to its developers in Berlin and other Asian cities.

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2022-05-14 15:59:02 Crypto market sees over $100 billion inflow in 24 hours as Bitcoin reclaims $30k

After a tumultuous couple of weeks with bearish pressure causing the majority of cryptocurrencies to extend to the downside, Bitcoin today, May 13, has reclaimed the crucial $30,000 level.As a result, the price of altcoins has increased, which has led to an infusion of cash into the global cryptocurrency market cap, which has increased by over $100 billion in the last 24 hours.

In fact, as of May 12 at 11:25 UTC, the overall market capitalization was $1,193 billion, compared to $1,301 billion on May 13. At the time of publishing, CoinMarketCap data indicates that $108 billion has entered the market.The precipitous decline of Bitcoin and other cryptocurrencies seems to have slowed, leaving investors to tally their losses following one of the most severe drops in recent times.

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2022-05-13 18:40:01 $1M LUNA 3 Days Ago is Now $185: Price Crashes Far Below the ICO Price

$1 million worth of LUNA just a mere four days ago is currently worth somewhere around $185 as the cryptocurrency loses over 99% of its value.LUNA continues its freefall as the price loses another 93% in the past 24 hours alone. Today, the cryptocurrency also crashed below its ICO price.

LUNA had its initial coin offering back at the beginning of 2019 when tokens sold for $0.8. The all-time high ROI sits at 14,800%, as it peaked at around $120 in April.Unfortunately, the past few days took a turn for the worse, and the price is now trading more than 97% below that of the ICO.LUNA sits at around $0.12 (on Binance), but the more shocking thing is that it was trading at around $65 just four days ago.

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2022-05-12 18:19:02 Over $370 billion outflows crypto market cap in a week as downwards pressure intensifies

Bitcoin’s (BTC) price has fallen to its lowest point since July 2021 as a result of five consecutive days of falling prices. The price drop has coincided with a decline in the larger financial markets, which has spread to other prominent cryptocurrencies like Ethereum (ETH), Cardano (ADA), and Terra (LUNA).

On May 4, the entire value of the crypto market stood at $1.739; in comparison, the price of the entire market as of May 11 stands at $1.364 trillion, according to CoinMarketCap data.Thus, in just seven days, a total of $375 billion has outflowed the global cryptocurrency market cap as the bearish sentiment across markets has taken its toll on crypto as its values continue to spiral downwards.The global cryptocurrency market capitalization has decreased by 7.09% over the previous day, with volume over the last 24 hours totaling $148.02 billion.

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2022-05-11 17:47:34 Crypto Publisher pinned a photo Open / Comment