Cryptocurrency News Feed

The price of bitcoin has dropped to a new low for the month of May, sliding to $42,100 per unit during Monday evening’s trading sessions. While a few analysts see bitcoin rebounding and gathering new highs in the coming weeks, a few crypto market strategists believe bitcoin prices could sink much lower than today’s current

Fear is gripping the crypto market after comments from Tesla billionaire Elon Musk sparked a 20% sell-off for Bitcoin. Prices fell to a low of $42K on Monday as the billionaire voiced concerns about the environmental impact of Bitcoin mining, before hinting at a sale of Tesla’s treasury allocation. Then, as irate bitcoiners publicly canceled

The price of bitcoin has tumbled over 25% in the last seven days, hitting a low of $42,025 over the weekend, as investors took profits en masse. Bitcoin, as well as peers such as Ethereum which have also slumped by similar amounts in the last week, has sold off after a staggering run year-to-date which

Still in the red, Bitcoin and the crypto market have held the line in the past day. A bounce back seems feasibly, but not guaranteed. At the time of writing, BTC trades at $42,913 with sideway movement in the 1-hour chart and a 20% correction in the weekly and monthly chart. The crypto market is

Fox Broadcasting Company, the American commercial broadcast television network is launching a non-fungible token (NFT) business called Blockchain Creative Labs, according to a recent report. Moreover, Fox is also planning to release a new blockchain-based animated series crafted by Dan Harmon called “Krapopolis.” Fox to Enter the NFT Fray, Aims to Launch an Animated Series

Coinbase shares have dropped in value during the last month after opening at $342 per share. The company’s shares have dropped over 27% to $248 per share since the Nasdaq listing in mid-April. On Monday, the firm further announced intentions to sell $1.25 billion of convertible debt. Coinbase Shares Drop Below Reference Rate Coinbase Global,

PRESS RELEASE. After announcing two major partnerships with Master Ventures and GD10 Ventures, the famous investment firm DFG now takes its turn in supporting the Ternoa project. Digital Finance Group (DFG) The international investment firm, created in 2015, now manages over $1 billion in assets. Always on the lookout for promising projects, the company was

SimpleFX is one of the leading trading applications that has been around since 2014. The platform holds the distinction for being the first of the online brokers to offer cryptocurrency trading accounts. Simple and Flexible Trading Interface Designed to be an easy-to-use platform with a simple and intuitive user interface, SimpleFX is a mobile-first multi-device

The founder of Barstool Sports, Dave Portnoy, has released a video where he picked SafeMoon as his sh*tcoin of choice. Portnoy said he purchased $40k worth of SafeMoon as a hedge against the fragility of Bitcoin. My shitcoin announcement. Invest at your own risk. I have no idea how this works pic.twitter.com/G1iW8iZTWG — Dave Portnoy

The U.S. Federal Trade Commission (FTC) says reports of cryptocurrency scams have skyrocketed. In particular, people have reported sending more than $2 million in cryptocurrency to Elon Musk impersonators within the past six months. Elon Musk Impersonators and Other Cryptocurrency Scams The FTC published “Consumer Protection Data Spotlight” Monday. FTC analyst Emma Fletcher wrote, “Reports

LowOrbit.Finance (LOCC) is a deflationary DeFi token built using smart contracts on the Ethereum blockchain. The token is not yet listed on Coingecko or Coinmarketcap and the project is in the early stages of its release. LOCC had a successful ILO on May 12 2021 where the hard cap was reached in less than 1

Authorities in Germany launched a massive operation that cracked down on a sophisticated crypto scam, resulting in the arrest of six people in different European countries. Initial reports state that such a fraudulent scheme stole over $36.2 million worth in virtual currencies from individuals across Europe. Raids Conducted in Poland, North Macedonia, and Sweden According

The popular collector car auction company Mecum Auctions has announced the company is now accepting crypto assets for payments. The company says that the new payment acceptance allows the auction firm to “attract new customers and sales.” Collector Car Auctions Giant Plans to Start Accepting Crypto Assets at Dana Mecum’s Original Spring Classic The Wisconsin-based

In the new landscape of betting work, leading companies are developing new and inventive ways to bring the games to the fans stuck at home. Sportsbet.io and Arsenal FC have launched the next evolution of fan/influencer involvement in relation to the traditional matchday programme. Dubbed the ‘Augmented Reality (AR) Matchday programme’, this revolutionary AR technology

Despite gold’s longstanding status as an alternative store of value, the commodity continues to experience unusual price variations in countries like South Africa and Zimbabwe. In turn, such price variances, as well as the rampant smuggling of the commodity, are distorting the precious metal’s actual production figures. Recycled Gold vs Non-Recycled Gold According to a

Revuto, a subscriptions management and DeFi micro-lending platform, has concluded a $1.7 million private sale. The round precedes an initial public sale on May 18, the first-ever to take place on the Cardano blockchain. The private round was led by BlackDragon VC alongside a number of leading blockchain and angel investors, with intense demand seeing

Startups have spoken out against government attempts to curb the operations of crypto exchanges in Iran. Cryptocurrency trading is not illegal, Iranian fintechs insist, calling on lawmakers and regulators to develop rules that would allow the sanctioned country to continue to take advantage of decentralized money transfers. Iranian Fintechs Insist There Is No Ban on

Ethereum is holding the key $3,120 support zone against the US Dollar. ETH price is consolidating and it seems like it could soon clear the $3,500 resistance zone. Ethereum is holding the ground above the $3,120 and $3,200 support levels. The price is still well below the $3,600 level and the 100 hourly simple moving

One of the fastest-growing blockchain platforms utilized by crypto traders is leading the world in terms of energy efficiency, bringing some of the lowest kWh used per transaction available anywhere on the globe today. Fantom sees thousands of users utilizing the platform daily for a variety of purposes, including information security and crypto-currency transactions, including

The Spanish financial regulator is easing the entity’s tough stance towards cryptocurrencies by announcing an unprecedented measure that green lights institutional investors to enter into such business decisions. The National Securities Market Commission (CNMV) unveiled guidelines that approve institutional crypto investment under certain conditions. Fund Managers Should Specify ‘High Risks’ of Cryptos in Marketing Resources

CryptoNinjas » Pundi X using Chainlink to secure its crypto payment platform’s reward distributions Pundi X, a blockchain-based point-of-sale payment solution and decentralized finance (DeFi) platform developer, today announced that it has successfully integrated Chainlink Price Feeds, a decentralized oracle network making real-time asset prices accessible on-chain for smart contracts. Live today, Pundi X is using and supporting the newly launched Chainlink Price Feeds for PUNDIX/USD; to accurately distribute CryptoNinjas » Pundi X using Chainlink to secure its crypto payment platform’s reward distributions

CryptoNinjas » DEX platform WasabiX to utilize Bluzelle’s decentralized oracle for on-chain DeFi activity Bluzelle, a decentralized data network, today announced its latest partnership with WasabiX, a cross-chain yield-backed synthetic asset & AMM DEX platform. Bluzelle’s comprehensive bundle of data storage and oracle solutions provides ecosystem partners with a one-stop solution for their data needs. WasabiX + Bluzelle Integration The next generation of decentralized financial primitives will need data CryptoNinjas » DEX platform WasabiX to utilize Bluzelle’s decentralized oracle for on-chain DeFi activity

CryptoNinjas » DeFi platform Alkemi Network integrates KYC-Chain’s user verification system Alkemi Network, an on-chain liquidity network, today announced a new partnership with the compliance technology provider, KYC-Chain. With the integration of KYC-Chain’s verification features, Alkemi Network can now offer a streamlined onboarding experience for users seeking a compliant DeFi solution. KYC-Chain offers a customer onboarding framework that streamlines KYC/AML checks and customer due diligence; meeting CryptoNinjas » DeFi platform Alkemi Network integrates KYC-Chain’s user verification system

CryptoNinjas » KardiaChain issues first native KRC20-based USD stablecoin The team of KardiaChain, a Vietnamese-based public blockchain that provides a dual master node to facilitate inter-chain operations among both existing and upcoming blockchain platforms, today announced it has issued the first USD-pegged KRC20 token. The KRC20 USD stablecoin is being made possible via a three-way collaboration between VNDC, Nami Exchange, and KardiaChain. KUSD-T will CryptoNinjas » KardiaChain issues first native KRC20-based USD stablecoin

CryptoNinjas » Crypto betting site Cloudbet now offers deposits and withdrawals with Dash Cloudbet, a cryptocurrency sportsbook, casino, & eSports betting platform, today announced it has added Dash as a deposit and withdrawal option. The integration of Dash enhances the betting operator’s ability to offer near-instant deposits and withdrawals to its users. The Dash blockchain network is designed to settle transactions near-instantly; with fees of around one U.S. CryptoNinjas » Crypto betting site Cloudbet now offers deposits and withdrawals with Dash

CryptoNinjas » ANote Music’s marketplace integrating Algorand to expand opportunities for creators with NFTs ANote Music, a marketplace for investing in music royalties, today announced that their platform has integrated with Algorand, the proof-of-stake blockchain technology platform. With the possibility of tokenizing music assets and NFTs from artists, publishers and record labels on Algorand, new music catalogs listed on the ANote Music platform will give tokens to investors, providing CryptoNinjas » ANote Music’s marketplace integrating Algorand to expand opportunities for creators with NFTs

CryptoNinjas » Blockchain interoperability platform Blocknet lists token on Avalanche-powered Pangolin DEX Blocknet, a layer-2 blockchain interoperability protocol that enables communication, interaction & exchange between different blockchains, today announced that its native Blocknet token is now listed on the Pangolin DEX in advance of the release of Blocknet’s decentralized Avalanche indexer. The listing puts $aaBLOCK, a means of payment for indexed chain data on Avalanche’s C-chain; and serves CryptoNinjas » Blockchain interoperability platform Blocknet lists token on Avalanche-powered Pangolin DEX

CryptoNinjas » TrustSwap hosting six token offerings in 32 days; raises $2.4M for Sekuritance TrustSwap, a full-service crypto-asset ecosystem, recently leveraged its Launchpad service to aid Sekuritance, a compliance & anti-fraud solution for digital assets, in raising its hard cap of $2.4 million in a token offering which was oversubscribed up to $11.25 million. Further, Sekuritance will work with TrustSwap to ensure its community can transact securely, without fear CryptoNinjas » TrustSwap hosting six token offerings in 32 days; raises $2.4M for Sekuritance

CryptoNinjas » OKEx backs DFINITY’s ‘Internet Computer’ ecosystem with $10M and ICP listing OKEx, a popular cryptocurrency spot and derivatives exchange, has listed the utility token of DFINITY’s ‘Internet Computer’ platform, ICP. Operated by a completely open governance system, the Internet Computer — a blockchain network under development — held a launch event last week. Further, OKEx also announced that its recently-established Blockdream Ventures fund will be collaborating CryptoNinjas » OKEx backs DFINITY’s ‘Internet Computer’ ecosystem with $10M and ICP listing

CryptoNinjas » Layer-2 Ethereum solution Aurora goes live on NEAR Protocol Aurora, an Ethereum-based layer-2 solution that provides developers and users the experience of Ethereum on top of NEAR Protocol, a scalable blockchain-based developer platform, has officially launched. Aurora combines two pieces of technology to create a seamless experience: a full-featured Ethereum Virtual Machine (EVM) and a powerful cross-chain bridge. Ethereum transaction fees have reached record CryptoNinjas » Layer-2 Ethereum solution Aurora goes live on NEAR Protocol

CryptoNinjas » Crypto payment platform COINQVEST granted $500K as winner of Stellar Seed Fund COINQVEST, a suite of crypto payment APIs, web-based invoicing, and payment management tools, today announced its selection as the top business in the Stellar Seed Fund, where it was awarded first place by a panel of Stellar Development Foundation members and peers in the Stellar ecosystem. The final round consisted of eight participants; each being CryptoNinjas » Crypto payment platform COINQVEST granted $500K as winner of Stellar Seed Fund

CryptoNinjas » Wolfram Blockchain Labs enhances DLT platform with storage networks IPFS and Filecoin Wolfram Blockchain Labs (WBL), a provider of distributed ledger technology (DLT) ecosystems with the tools necessary to assist in the development of a wide variety of smart contract-based applications, today announced the integration of WBL’s DLT platform with open-source protocols IPFS and Filecoin. Bringing IPFS and Filecoin’s decentralized storage network to WBL’s platform adds new CryptoNinjas » Wolfram Blockchain Labs enhances DLT platform with storage networks IPFS and Filecoin

CryptoNinjas » Venture platform Cognitive Blockchain invests in cross-chain compute network Cudos Cudos, a multi-chain layer-2 solution providing Turing-complete compute and external data to blockchains, today announced that Cognitive Blockchain has made an equity investment in its parent company Cudo, and will be providing expertise to Cudo for the vast Chinese blockchain market. Cognitive Blockchain consists of a blockchain education platform and community club; as well as CryptoNinjas » Venture platform Cognitive Blockchain invests in cross-chain compute network Cudos

CryptoNinjas » Blockchain middleware platform Tatum adds support for CELO, cEUR, and cUSD Tatum, a blockchain middleware platform, announced it has added support for blockchain platform Celo; including both of its stablecoins. Celo is a mobile-first open ecosystem for building blockchain apps. The Tatum platform now supports operations on the Celo blockchain and in Tatum’s abstraction layer. Thus, developers can utilize Tatum’s unique virtual account functionality to perform CryptoNinjas » Blockchain middleware platform Tatum adds support for CELO, cEUR, and cUSD

CryptoNinjas » Security token blockchain Polymath welcomes Tokenise and Saxon Advisors as node operators Security token platform Polymath, today welcomed two new node operators working to secure its institutional-grade security-token blockchain. Tokenise, an end-to-end tokenization provider that manages a security token exchange, and Saxon Advisors, a London-based corporate digital asset advisory firm. The companies have teamed up to operate nodes on Polymath’s Polymesh blockchain. Both Saxon Advisors’ and Tokenise’s CryptoNinjas » Security token blockchain Polymath welcomes Tokenise and Saxon Advisors as node operators

CryptoNinjas » Tezos’ sixth protocol upgrade brings more optimization as ‘Florence’ goes live It seems like only yesterday that Tezos underwent its fifth upgrade (codenamed Edo), which added some significant features to the ever-evolving platform such as Tickets, the Adoption Period, and Sapling. Merely 3 months after this milestone, the Tezos network has adopted its sixth upgrade, named Florence after the iconic city in Italy. So what does this CryptoNinjas » Tezos’ sixth protocol upgrade brings more optimization as ‘Florence’ goes live

CryptoNinjas » InfStones blockchain infrastructure secures crypto wallet imToken’s Eth2 staking services Infinity Stones, a blockchain infrastructure provider for cryptocurrencies, has announced it has partnered with imToken, an Ethereum-based token wallet app, to provide support for in-wallet Eth2 staking services. imToken users will be able to stake ETH for Eth2 directly in their wallets to earn ETH rewards. Also, users can confirm the status, balance, performance, and CryptoNinjas » InfStones blockchain infrastructure secures crypto wallet imToken’s Eth2 staking services

CryptoNinjas » ORAO to provide Polkalokr with oracle solution on its cross-chain escrow platform ORAO. a blockchain agnostic oracle platform native on Polkadot, today announced it has partnered with Polkalokr, a multi-chain escrow & token swap protocol. Through Polkalokr, programs can be set up to shield investors against loss through staggered token releases; and conditional payouts where remaining funds can be returned to investors in cases where developers make CryptoNinjas » ORAO to provide Polkalokr with oracle solution on its cross-chain escrow platform

CryptoNinjas » Block.one and partners raise $10B to launch EOS-based crypto exchange: Bullish Global Block.one, the company behind the EOSIO open-source blockchain software, announced today the formation of a newly formed subsidiary, Bullish Global. Operating as an independent entity under the Block.one parent company, Bullish Global plans to launch sometime this year as a new blockchain-based cryptocurrency exchange designed to combine the performance, user privacy, and compliance offered by CryptoNinjas » Block.one and partners raise $10B to launch EOS-based crypto exchange: Bullish Global

CryptoNinjas » Mixin Network integrates Solana blockchain into its layer-2 crypto platform Mixin Network, a fast, second-layer infrastructure solution for blockchains and crypto-assets, announced that Solana, a blockchain providing open infrastructure for dApps, has been integrated into its ecosystem. At present, Mixin Network supports 35 public blockchains and thousands of token varieties; these include Bitcoin, ETH, BNB, EOS, DASH, TRX, DOT, and now SOL. Mixin Messenger Through CryptoNinjas » Mixin Network integrates Solana blockchain into its layer-2 crypto platform