China crypto mining business hit by Beijing crackdown, bitcoin tumbles© Reuters. FILE PHOTO: Representations of the virtual currency Bitcoin and Ethereum stand on a motherboard in this picture illustration taken May 20, 2021. REUTERS/Dado Ruvic/Illustration
SHANGHAI (Reuters) -Cryptocurrency miners, including HashCow and BTC.TOP, have halted all…[Read more]

SushiSwap and Sushi Ecosystem: Recent Developments, Community, and the FutureSushiSwap and Sushi Ecosystem: Recent Developments, Community, and the Future
SushiSwap was launched in August 2020 by a developer with the pseudonym Chef Nomi
Although a clone of Uniswap, the Automated Market Maker takes a more community-oriented approach towards…[Read more]

ETH Foundation Says Berlin Hard Fork Has Fixed Its Network FlawsETH Foundation Says Berlin Hard Fork Has Fixed Its Network Flaws
Ethereum Foundation has disclosed that Berlin hard fork has now fixed its Network Flaws.
The misfortune was an “open secret” in the Ethereum community.
The ETH protocol flaw lasted since October 2019.
According to the…[Read more]

Crypto Creates Wild West Mentality, Says Robert ShillerRobert Shiller believes crypto is driven by social excitement.
Shiller is concerned that a bubble is forming around markets like housing and crypto.
Also, Shiller called the crypto source of value ambiguous.
Robert Shiller, a Nobel prize Economist and Yale Professor, recently shared his…[Read more]

Tattoo NFT Platform Plans To Reinvent the Tattoo IndustryNFT platform All Our Best focuses on tattoo monetization through blockchain.
The platform aims to help tattoo artists have a new way of earning with their efforts.
The platform aims to offer tattoo designs as non-fungible tokens.
Tattooing is an art form that’s been with humanity for t…[Read more]

Pera Finance To Hold SEED SHO on DAO MakerRecently, Pera Finance announced its SEED SHO on DAO Maker on June 2nd.
The Pera Finance platform offers a fully decentralized daily trading competition.
It should be noted, the platform offers its own trading and yield farming protocol.
Pera Finance, a trading and yield farming protocol, announces its…[Read more]

Huobi Temporarily Suspends Futures Trading in Some CountriesHuobi has reportedly suspended futures and leveraged trading for new users.
There is no reason for the implementation of temporary suspension.
The exchange also reportedly reduced its miner hosting services in China.
Seychelles-based cryptocurrency exchange Huobi has reportedly suspended…[Read more]

Crypto recovery stalls as miners eye exitsSINGAPORE (Reuters) – Cryptocurrencies fought to find a footing on Monday after even weekend cheerleading from Tesla (NASDAQ:TSLA) boss Elon Musk seemed unable offset selling pressure from spooked investors or nerves stemming from a gathering crackdown on the asset class in China.

Musk had lent a bid on…[Read more]

Stellar Lumen (XLM) Price Eyes Fresh Rally above $0.45Stellar lumen price extended its decline below the $0.5500 and $0.5000 support levels against the US Dollar. XLM price is now trading well below $0.5000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.4500 on the 4-hours chart…[Read more]

China crypto mining business hit by Beijing crackdown, bitcoin tumblesSHANGHAI (Reuters) -Cryptocurrency miners, including HashCow and BTC.TOP, have halted all or part of their China operations after Beijing intensified a crackdown on bitcoin mining and trading, hammering digital currencies amid heightened global regulatory scrutiny.

A State…[Read more]

Bitcoin Sell-off Pushes DeFi Tokens’ TVL Below $100BDecentralized finance (DeFi) was one of the major driving forces fueling this year’s surge in the crypto market. Projects like Aave (AAVE), Yearn.finance (YFI), and Uniswap (UNI) rapidly surged to gain ‘blue-chip unicorn’ status, while the older protocols like Compound (COMP) and Maker (MKR) s…[Read more]

Bitcoin Whales Splash Into The Turbulent Crypto Waters Accumulating 122.5K BTCThe big bitcoin (BTC) holders seem to be aggressively buying the dip amid the latest price correction. This development in the market raises some optimism that the coordinated selloff may be about to come to an end. Some of BTC’s most influential holders were seen to b…[Read more]

Crypto Miners Halt China Business After Beijing Cracks Down, Bitcoin TumblesSHANGHAI (Reuters) – Cryptocurrency miners, including HashCow and BTC.TOP, have halted their China operations after Beijing intensified a crackdown on bitcoin mining and trading, hammering digital currencies amid heightened global regulatory scrutiny of them.

Asia Shares Wary On U.s. Inflation, Bitcoin Struggles To SteadySYDNEY (Reuters) – Asian shares were mixed on Monday as investors awaited key U.S. inflation readings for guidance on monetary policy, while Bitcoin tried to steady after being hammered on news of China’s clampdown on mining and trading of cryptocurrencies.

TA: Ethereum Faces Hurdles, Here’s What Could Trigger Strong RecoveryEthereum extended its decline and traded close to the $1,700 zone against the US Dollar. ETH price is recovering, but it is facing a strong resistance near $2,200. Ethereum extended its decline below the $2,000 and $1,800 support levels. The price is well below the $2,500 level a…[Read more]

Bitcoin TA: Here’s Why BTC Could Struggle To Surpass $37KBitcoin price tested the $30,000 support and it is now recovering higher against the US Dollar. BTC is likely to face a strong selling interest near $37,000 and $38,000. Bitcoin extended its decline and it even traded close to the $30,000 support. The price is now well below the $38,000 r…[Read more]

Cryptos: ‘Where the crypto market goes from here is completely dependent on the stock market,’ says digital-asset tycoon Barry Silbert Want to know where the crypto market goes from here? Barry Silbert, a power player in the digital-asset sector, says that investors ought to look no further than the stock market, in a Sunday-night tweet amid a dow…[Read more]

Bitcoin Ban and Other What If Scenarios in the United States“There is a good probability Bitcoin could be outlawed by the United States”, stated the legendary investor Ray Dalio earlier this year.

Billionaire wealth manager suggests there is a chance of the US government restricting Bitcoin if it keeps threatening governmental monopoly on the tra…[Read more]

China’s Position Regarding Crypto: What Does It Mean for the Market?The public display of resentment towards cryptocurrencies from China is in a grey area, and as some reports highlight, it is not as extreme as portrayed by media outlets. A BBC article highlights that China has accentuated its active incursion into suppressing cryptocurrency a…[Read more]

Bitcoin down almost 50% from year’s high(Reuters) -Bitcoin fell 13% on Sunday after the world’s biggest and best-known cryptocurrency suffered another sell-off that left it down nearly 50% from the year’s high.

Bitcoin fell to $32,601 at 1800 GMT (2 p.m. ET), losing $4,899.54 from its previous close. It hit a high for the year of $64,895.22 on…[Read more]