US must win CBDC race to maintain dollar’s global reserve currency status: Federal Reserve GovernorThe Fed’s governor has argued that The United States must be at the forefront of developing a central bank-issued digital currency, or CBDC, to bolster the role of the U.S. dollar as a global reserve currency.

In a May 24 announcement, Federal R…[Read more]

Amid rising stablecoin inflow, cautious traders fear a dead cat bounceThe recent extreme volatility in the cryptocurrency market following Bitcoin’s (BTC) dip to $30,000 and the recovery to $38,000 has traders confused about whether the current price action is a ‘dead cat bounce’ which will see token prices head lower or a solid reversal that…[Read more]

Tether mints more coins to break $60 billion market capTether (USDT), the world’s largest stablecoin by market capitalization, continues to grow despite record-breaking cryptocurrency outflows triggered by Elon Musk’s Bitcoin (BTC) criticism.

On Monday, Tether’s market cap hit $60 billion for the first time in history, marking another miles…[Read more]

More Americans have heard of Dogecoin than Ethereum: SurveyIn just over five years since it launched, Ethereum introduced the world to smart contracts, decentralized finance, yield farming and non-fungible tokens, and has long stood just behind Bitcoin as the second-largest blockchain project by market capitalization.

Dogecoin (DOGE) is a meme…[Read more]

Bitcoin not on the agenda for HSBC says bank’s CEOThe recent tumultuous price action for cryptocurrencies seems to be providing ample opportunity for popular anti-crypto bank HSBC to double down on its negative stance towards virtual currencies.

Speaking to Reuters on Monday, HSBC CEO Noel Quinn said that the bank was not interested in running a…[Read more]

Greenpeace: Bitcoin energy problem speaks to wider challenge for internet’s futureWith the hindsight of today’s perspective on Bitcoin’s (BTC) exorbitant energy consumption, it might come as something of a surprise to learn that the international non-governmental environmental organization Greenpeace was one of its earlier adopters.

Back in 2…[Read more]

H&R Block needs clear regulations before dealing with crypto taxes, CEO saysAs the debate surrounding crypto regulations heats up, tax professionals are taking a more cautious approach to deal with Bitcoin (BTC) and other earnings. The United States-based tax preparation service company H&R Block is looking for more precise regulations before…[Read more]

Does the Price of Bitcoin Really Depend on the Opinion of Elon Musk? An Interview With Norbert Goffa, the Co-Founder of ILCOIN Blockchain ProjectAn interview by Alyona Karpinskaya Interviewing: Norbert Goffa Q: What is your opinion about the post of Elon Musk, where Tesla dissociated itself from Bitcoin, regarding the environmentally damaging…[Read more]

OneOf raises $63M for new Green NFT platform for musiciansSustainable technology company OneOf has raised $63 million in seed funding to finance its new Green NFT platform for musicians, offering further evidence that the market for nonfungible tokens remains hot.

Several investors and venture capitalists participated in the seed round, including…[Read more]

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Bitcoin TA: Technical Breakout Suggests BTC Could Rally Above $40KBitcoin price is holding gains above the $38,000 pivot level against the US Dollar. BTC is signaling more gains above the $40,000 resistance zone in the near term. Bitcoin is showing positive signs above the $37,000 and $38,000 resistance levels. The price is trading nicely above…[Read more]

Mark Cuban officially backs PolygonBillionaire investor Mark Cuban has thrown his weight behind Polygon, according to a new disclosure on one of his websites, offering further evidence that wealthy investors are tapping into the digital asset market despite the recent turmoil.

The addition of Polygon to the Mark Cuban Companies website appears to…[Read more]

Negative funding rates incentivize traders to long Polygon (MATIC) and AAVEData shows that AAVE and Polygon (MATIC) traders are currently being paid up to 4.3% per week to long future contracts.

In the crypto markets, traders are usually bullish, or at least the majority of retail investors are. This causes an interesting phenomenon as it…[Read more]

Critical $20M SafeMoon vulnerability? Project devs say no cause for alarmPopular TikTok viral “meme coin” SafeMoon could be vulnerable to malicious exploits by hackers on account of purported security vulnerabilities in its smart contract code.

According to a smart contract audit by blockchain security firm HashEx, SafeMoon currently has 12 of…[Read more]

Bitcoin’s Price Could Still Hit $100,000, Bloomberg Analyst SaysBloomberg analyst Mike McGlone has revealed on social media that the recent cryptocurrency price crash saw BTC’s price drop for “reasons that support an extended bull market” and a path for it to hit $100,000 per coin. In a tweet, the analyst revealed that a primary factor cited f…[Read more]

Gold hits four-month high following crypto crashIn the aftermath of the Mid-May crypto market sell-off, gold has seen significant price recovery.

Gold prices continued to inch higher on Tuesday, hitting $1,887 per ounce at 3:00 am EDT, according to data from TradingView.

Spot gold year-to-date chart. Source: TradingView
Total crypto market cap…[Read more]

Korea’s crypto market is among the strongest — and the strangest — in the worldOn a day in which Bitcoin crashed briefly to $30,000 in a rampant bear market, the leading cryptocurrency never got anywhere close to that on Korean exchanges. The so-called “kimchi premium” saw to that, keeping the price of Bitcoin as much as $5,000 above its level on…[Read more]

Art Invest splashes $20 million on BitcoinArk Invest has joined MicroStrategy to buy the latest Bitcoin dip. The hedge fund company spent nearly $20 million to buy Bitcoin.

According to a filing with the U.S. Securities and Exchange Commission, the Cathie Wood-led investment firm bought $19,872,939 worth of Bitcoin. Meanwhile, Kellen Carter, the…[Read more]

The importance of block sizes, and the rise of off-chain solutionsThe cryptocurrency sector has undergone a seismic shift in recent years as retail investors and publicly listed companies make their way into the space.

Globally, estimates suggest that the number of crypto users surged by about 190% between 2018 and 2020.

Billionaire Ray Dalio is a Bitcoin hodlerDuring a recent appearance at CoinDesk’s Consensus conference, hedge fund manager Ray Dalio revealed that he had some Bitcoin in his portfolio.

Although the billionaire did not state the amount of Bitcoin in his portfolio, he explicitly noted that he would rather own the leading cryptocurrency than g…[Read more]