Blockchain Financial News

09.05 / 16:13

Blockchain Tether Bitcoin Luna Reserve A $3.5 billion bet on bitcoin becoming a 'reserve currency' for crypto is being put to the test

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09.05 / 15:05

Blockchain Citi Dreams Continental Near Foundation NEAR Foundation launches Kenyan blockchain hub

The hub will be dedicated to ongoing blockchain innovation, education and talent development throughout the African continent. Kevin Imani, founder of Sankore, will lead the hub, which will be comprised of events, an academy, an incubation program, and the Sankore Bounty ecosystem. Outside of Nairobi, NEAR will also be working in lesser-known cities in Kenya where no other Layer 1 blockchain has an established presence as yet.

09.05 / 14:35

Blockchain Ethereum FIVE play Is the NFT hype fizzling out or is there something else at play here

Recently published report suggests a major downtrend in NFT sales. This led to calls of a worrying NFT market sentiment which are gradually being quashed after big performances recently.

09.05 / 14:35

Blockchain COST Action Bitcoin Will Hoskinson’s new EUTXO model improve Cardano’s [ADA] prospects

Cardano holders have supported Cardano and the native token despite the slow price action. The number of addresses holding Cardanorose to a record high last month amid a significant surge in HODLers. Also, despite the unanticipated price turmoil, retail interest in ADA surprisingly grew with every dip.

09.05 / 13:11

Blockchain Adoption security Indian Indian central securities depository to back up its monitoring of bonds by blockchain

The National Securities Depository (NSDL), India's central securities depository based in Mumbai, launched blockchain-based security and covenant monitoring platform.

09.05 / 12:31

Blockchain Lowe's Target CEO recovery diving With Avalanche [AVAX] diving into the metaverse, is a recovery on the cards

Avalanche just announced that it is diving into metaverse development through a $290 million incentive program. The announcement reveals how Avalanche intends to venture into its next growth phase not just to stay competitive but also to thrive as a network.

09.05 / 12:23

Blockchain Adoption From smart insurance to on-chain document verification: Here’s how NEAR aims to improve Kenya

Kenya-based blockchain community Sankore has partnered with Swiss nonprofit NEAR Foundation to launch a regional hub that aims to develop talent within the region and build projects that aim to improve the local ecosystem.

09.05 / 11:01

Blockchain Stablecoin Terra Usd Terra Bitcoin reserves LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves

Amid the sharp pullback across Bitcoin (BTC) and the wider crypto market this week, the Luna Foundation Guard (LFG) is set to deploy $1.5 billion worth of capital to “help protect” Terra USD’s peg to the U.S. dollar.

09.05 / 09:33

Blockchain Ethereum cryptocurrency Terra Usd Bitcoin Bitcoin falls to lowest value since January as tumbling stock markets continue to hurt crypto

Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks.

09.05 / 07:35

Blockchain regulation SEC Scams Mining Capital Coin CEO accused of $62M investment fraud scheme

The CEO and co-founder of crypto mining and investment platform Mining Capital Coin (MCC) Luiz Capuci Jr. has been indicted by the Department of Justice (DOJ) for “allegedly orchestrating a $62 million global investment fraud scheme.”

09.05 / 07:01

Blockchain Provident Lowe's recovery Will the Algorand-FIFA partnership add that special spice to trigger a recovery

ALGO pumped by more than 30% last week courtesy of Algorand’s major development. The network revealed a partnership that would make it FIFA’s official blockchain. The announcement might just be the start of a robust growth phase for ALGO but is it big enough to push it back to its previous ATH?

09.05 / 05:55

business Blockchain cryptocurrency Bitcoin Cryptocurrency Prices Today May 09: Bitcoin, Ethereum slump; cryptocurrencies trade in red

Cryptocurrencies traded in the red early today on May 09. The global crypto market cap is $1.57 trillion, a 2.26 percent decrease over the last day. The total crypto market volume over the last 24 hours is $101.92 billion, which makes a 28.79 percent increase.

09.05 / 00:39

Blockchain UPS Bitcoin Bitcoin [BTC] to $0 or $1,000,000? That is the question for the king coin

The last words anyone would expect from the chairman of an organization set up with the mandate of restoring the reputation of Bitcoin after several scandals, and fostering its development and uptake is that “Bitcoin either going to go to $1 million a Bitcoin or zero.”

08.05 / 18:25

Blockchain Action Santiment Luna Terra [LUNA] loses $6 billion in TVL in under two days thanks to this…

Terra achieved more than anyone’s expectations this year after setting multiple records across the crypto space, but the turn of events in the last few days have, for the first time, rocked the steady sailing of the DeFi chain.

08.05 / 15:21

Blockchain cryptocurrency Bitcoin What Is Cryptocurrency Mining? Know All About It Here

Mining is used to create new coins as well as validate existing transactions

08.05 / 13:19

Blockchain Ethereum Art Adoption Plain talk about NFTs: What they have been and what they are becoming

There’s been a tremendous amount of hype and misinformation about nonfungible tokens (NFTs) since they appeared on the scene in 2014, particularly since the total market for them passed $24 billion. You can’t open a news feed without an article about nonfungible tokens popping up. These inevitably contain the obligatory “An NFT is a” paragraph for newcomers… and for readers who’ve consumed a dozen similar articles but still don’t get it. If you’re among the latter, you’ve come to the right place.

08.05 / 11:11

business Blockchain Utah Governor approves of blockchain and digital innovation task force

After nearly a three-year-long discussion about establishing a task force to oversee blockchain and crypto initiatives, the governor of Utah, Spencer Cox, signed a bill to create the Blockchain and Digital Innovation Task Force.

08.05 / 08:21

Blockchain Adoption Bitcoin rebrand For the crypto industry, supporting sanctions is an opportunity to rebrand

One of the first punitive measures leveled against Russia in response to the military invasion of Ukraine was the implementation of economic sanctions aimed at isolating the country from the international financial system. On March 12, Russian banks lost access to the international payments and messaging network SWIFT, and private sector payment companies, such as Visa, PayPal and Mastercard, were close behind. But while these highly regulated and publicly scrutinized organizations were quick to react to the crisis, concerns quickly mounted that the Russian state, as well as companies and oligarchs associated with it, could turn to digital currency exchanges as a backdoor to side-step sanctions.

08.05 / 05:47

business Blockchain cryptocurrency Bitcoin Bitcoin Down Cryptocurrency Prices Today May 8: Bitcoin down, Polkadot biggest loser as cryptos trade in red

Cryptocurrencies traded in the red early on May 8. The global crypto market cap stood at $1.60 trillion, a 3.36 percent decrease over the last day. The total crypto market volume over the last 24 hours reached $80.16 billion, marking a 12.97 percent drop.

08.05 / 05:13

business Blockchain Adoption Bitcoin innovations Crypto, like railways, is among the world’s top innovations of the millennium

You are about to read a half-fiction witty story based on Stuart Hylton’s review of “the making of Modern Britain” and my interpretation of the blockchain’s impact on today’s world. I found it fascinating how the description of the industrial age front-runner technology resembled the awe and fear of blockchain in modern times. Some quotes are so relevant that changing the “railroad company” to “blockchain protocol” would give the same shilling.

08.05 / 01:25

Blockchain Lowe's Bears Algorand: Despite mild strength, bears could force reversal at this level

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

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