Day: May 28, 2022

JPMorgan sees higher BTC price potential, a16z unveils $4.5 billion crypto fund, and PayPal hints at more crypto and blockchain involvement: Hodler’s Digest, May 22-28

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil …

JPMorgan sees higher BTC price potential, a16z unveils $4.5 billion crypto fund, and PayPal hints at more crypto and blockchain involvement: Hodler’s Digest, May 22-28 Read More »

Report: FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition Deals – Bitcoin News

Billionaire and FTX co-founder Sam Bankman-Fried said the leading crypto asset exchange aims to make a number of acquisitions and could spend up to $2 billion on such efforts. The FTX chief executive officer highlighted in a recent interview that a fraction of the funds raised by the company were “explicitly viewed from a potential …

Report: FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition Deals – Bitcoin News Read More »

Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests – Mining Bitcoin News

The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the shadows and regulate it. Crypto Miners Burn More Electricity Than Russian Farmers Miners extracting digital currencies account for more …

Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests – Mining Bitcoin News Read More »

Bitcoin price action decouples from stock markets, but not in a good way

This week the stock markets began to flash a little green and Bitcoin (BTC) is decoupling from traditional markets but not in a good way. The cryptocurrency is down 3% while the Nasdaq Composite tech-heavy stock market index is up 3.1%. May 27 data from the United States Commerce Department shows that the personal savings …

Bitcoin price action decouples from stock markets, but not in a good way Read More »

Bored Ape and Cryptopunk Values Wobble — During the Last Month, Blue-Chip NFT Floor Values Dropped Over 50% – Markets and Prices Bitcoin News

While the crypto economy has dropped considerably in value during the last few weeks, seven-day statistics indicate non-fungible token (NFT) sales are down 17.32% lower than last week. Data also shows NFT floor values have tumbled a great deal during the past month as some of the most popular NFTs are selling for a lot …

Bored Ape and Cryptopunk Values Wobble — During the Last Month, Blue-Chip NFT Floor Values Dropped Over 50% – Markets and Prices Bitcoin News Read More »

Ethereum Gas Fees Touch New Lows, What’s Ahead For Ethereum

Ethereum is one of the most widely-adopted cryptocurrency projects worldwide. Yet, it’s hated worldwide for its sky-high gas (transaction) fees. Users globally constantly complain about the coin’s terribly-high transaction prices on various social media platforms. Shockingly, Santiment, an on-chain and metrics platform, published on Twitter a report showing Ethereum’s transaction prices plummeting to their lowest. …

Ethereum Gas Fees Touch New Lows, What’s Ahead For Ethereum Read More »

Terra Launches New Chain Airdropping LUNA 2.0 Coins — Token Value Slides Over 70% From Price High – Bitcoin News

On Saturday, May 28, 2022, LUNA classic and UST classic holders received an airdrop consisting of new LUNA 2.0 tokens based on two blockchain snapshots. The crypto asset’s first recorded value at 5 a.m. (ET), was $14.31 per unit and it hit an all-time high (ATH) roughly 20 minutes later at $18.87 per LUNA. LUNA …

Terra Launches New Chain Airdropping LUNA 2.0 Coins — Token Value Slides Over 70% From Price High – Bitcoin News Read More »

STEPN rebounds sharply after falling 80% in a month — is GMT price bottoming out?

A massive downtrend in the STEPN (GMT) prices witnessed in the last 30 days appears to be nearing exhaustion. GMT’s price has rebounded by nearly 35%—from $0.80 on May 27 to $0.99 on May 28. Interestingly, the upside retracement started after the price fell in the same range, which had acted as support before GMT’s …

STEPN rebounds sharply after falling 80% in a month — is GMT price bottoming out? Read More »

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