Blockchain Financial News

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

On Sunday, American entrepreneur Marc Andreessen posted a screenshot of what appears to be a Twitter user impersonating his name to promote a "free crypto" giveaway. "What algorithm could possibly catch this type of content?" asked Andreessen. To which Tesla's CEO Elon Musk replied, "Humans," sparking a discussion on how to best curate the high number of cryptocurrency scams and spam ads on the platform.

The Empire State made two appearances on the regulatory stage last week, and neither was entirely reassuring. 

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

The crypto space witnessed phenomenal growth in 2021. Buzzwords like nonfungible tokens (NFTs), decentralized finance (DeFi) and the Metaverse broke through to the mainstream and culminated in the crypto market peaking at over $3 trillion in November of 2021. 

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

After at least 9 days with reported outages so far in 2022, the price of solana (SOL), the 7th largest cryptoasset by market capitalization, does not appear overly affected by the network troubles, with prices for the most part staying rangebound between USD 80 and USD 120 since late January.

When North Korea announced a crypto conference back in 2018, Canadian journalist Ethan Lou jumped at the opportunity to see what the country's crypto scene looked like. He encountered many surprises, including being introduced as a presenter to a North Korean audience. 

Cybercrime is the greatest threat to enterprises, and blockchain technology could go a long way in fighting it. Most data breaches in 2020 were caused due to human errors, of which 45 percent involved hacking, 22 percent featured phishing, and 17 percent involved malware.

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The burning rate of Ethereum (ETH) has spiked to new all-time high (ATH) levels following the heavily anticipated sale of tokenized land plots in Yuga Labs’ upcoming Metaverse project the “Otherside.”

The Solana (SOL) network suffered a seven-hour outage overnight between April 30 and May 1 due to a large number of transactions from nonfungible token (NFT) minting bots.

Global cryptocurrencies opened in the green early on May 2. The global crypto market cap is $1.74 trillion, a 3.07 percent increase over the last day. The total crypto market volume over the last 24 hours is $81.96 billion, which makes a 1.53 percent decrease.

Smart contract auditing firm Hacken CEO Dyma Budorin thinks Web3 cybersecurity providers are failing the crypto industry and that “huge blind spots” in market practices are impacting investor behavior.

Says New York State Department of Financial Services Superintendent Adrienne Harris: "Blockchain analytics tools provide companies with an efficient, data-driven way to conduct customer due diligence, transaction monitoring, and sanctions screening, among other things, which are all critical elements of our virtual currency regulation. "We expect regulated entities to utilize best practices to uphold the safety and soundness of the virtual currency market and to protect consumers." Issuing new guidance, the watchdog says New York State-regulated virtual currency companies should establish control measures that may leverage blockchain analytics and that they must have clearly documented policies, processes, and procedures with regard to how these tools are integrated into their control framework.

Yuga Labs‘ Otherside Metaverse massive success might have just stolen Apecoin‘s (APE) thunder. Here, the latter suffered a massive 27% correction and is still on the decline as per CoinMarketCap. So what just happened?

Cryptocurrency regulations.

The Federal Reserve would raise interest rates at its May meeting after it hiked rates for the first time since March of 2018. The nation’s central bank, is now, expected to lift the benchmark Fed funds rate by 0.5 percent, according to the CME FedWatch Tool.