Bitcoin, Ethereum Technical Analysis: BTC Below $30,000 to Start the Week

Bitcoin, Ethereum Technical Analysis: BTC Below $30,000 to Start the Week shutterstock 1968404461 2 wJielL | BuyUcoin

Following a volatile weekend of trading, cryptocurrency prices consolidated to start the week, with BTC close to its long-term floor. Overall, bitcoin was trading marginally below $30,000, with ETH hovering slightly above $2,000. Bitcoin BTC started the week trading below $30,000 following a volatile weekend of trading, which saw prices mainly consolidate. Following a rise […]

David Marcus Launches Bitcoin Payments Startup Lightspark

David Marcus Launches Bitcoin Payments Startup Lightspark shutterstock 639883987 XW3mO2 | BuyUcoin

David Marcus, former cryptocurrency head at Meta, is launching Lightspark, another payments company that will use crypto as its central payment tool. The startup, which will have Marcus at the helm as CEO, also features some of Meta’s former employees and will explore the possibilities of using the layer 2 Lightning Network (LN) as a […]

Tezos Foundation Launches Fund to Collect NFT Creations by African and Asian Artists

Tezos Foundation Launches Fund to Collect NFT Creations by African and Asian Artists shutterstock 1391010047 meiimW | BuyUcoin

The Tezos Foundation recently said it has committed $1.23 million to a fund that will be used to collect non-fungible tokens (NFTs) created by African and Asian artists. Photographer Misan Harriman has been selected as the curator of the foundation’s permanent art collection. Supporting a New Generation of Artists The Swiss non-profit organization, Tezos Foundation, […]

UK Affirms Commitment to Regulate Stablecoins Following Terra Meltdown

UK Affirms Commitment to Regulate Stablecoins Following Terra Meltdown uk stablecoins Brd2R9 | BuyUcoin

The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service providers to operate and grow in the U.K., whilst ensuring financial stability and high regulatory standards,” said an HM Treasury spokesperson. Regulation of Stablecoins in the […]

Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD

Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD image 2022 05 14 180906 fchplP | BuyUcoin

Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, the Tron DAO Reserve has continued to purchase large quantities of digital assets to bolster the project’s reserves. In addition to the tron purchases, […]

Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini

Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini lfgbtc lDEnxO | BuyUcoin

After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used to defend the UST’s $1 parity. On Friday, the blockchain intelligence and analytics firm, Elliptic, published a blog post that summarizes where the bitcoin was […]

Ethereum Hashrate Taps an All-Time High Amid This Week’s Crypto Market Meltdown

Ethereum Hashrate Taps an All-Time High Amid This Week’s Crypto Market Meltdown shutterstock 2127641570 Py0slG | BuyUcoin

Amid the crazy week in the world of cryptocurrencies and the Bitcoin network’s mining difficulty reaching a lifetime high at 31.25 trillion, Ethereum’s hashrate tapped an all-time high on May 13, at block height 14,770,231. Cryptocurrency miners continue to dedicate large quantities of processing power toward the second-largest crypto network in terms of market capitalization. […]