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The blockchain powering the petro, the official cryptocurrency asset of Venezuela, has encountered operational difficulties, disrupted its functionality and causing concerns among the crypto community. According to a joint statement issued by Asonacrip, a local cryptocurrency association, and Cryptoland.vzla, the Petro blockchain experienced a halt in block generation on May 24, rendering transactions between different ... Read more

Cryptopolitan

Operational issues plague Venezuelan petro blockchain, affecting user transactions

According to Representative Warren Davidson, legislation to address the U.S. debt ceiling blocks “proposed taxes,” including a 30% tax on electricity used by crypto miners.

CoinTelegraph

Deal to avoid US debt default nixes proposed 30% crypto mining tax, says Ohio lawmaker

Over the past month, a significant shift in the world of cryptocurrencies has unfolded. The total market capitalization of stablecoins

The News Crypto

USDT Solidifies Dominance as Stablecoin Market Dips Below $131 Billion

Holders of SHIB and new addresses were contradicting positions. But will the trust of whales and adoption help out the SHIB token?

AMB Crypto

Can Shiba Inu’s new entrants save long-term holders from loss

On May 29, Huobi HK announced its expansion of services after Hong Kong implemented its new crypto exchange license system. The platform now provides spot and custodial services to both retail and institutional customers in Hong Kong. Huobi’s update comes shortly after Huobi Global faced regulatory hurdles in Malaysia, where authorities prohibited the operation of

Bitcoin.com

Huobi HK Offers Spot Trading and Custodial Solutions in Hong Kong Following Licensing Regime Implementation

The digital world is in the throes of a shifting crypto landscape. That is because projects like Shiba Inu, KAVA, and the emerging platform, Tradecurve, are making headlines. As investors seek new opportunities, the question is: can these digital currencies instigate a bull run? >>Register For The Tradecurve Presale<< Shiba Inu (SHIB): Bullish Potential Amid

NullTx

Will Shiba Inu (SHIB) Price Go Up? KAVA and Tradecurve Kicking Off the Bull Market

The US debt ceiling has been one of the hottest topics in crypto over the past few weeks. In a recent development, House Speaker Kevin McCarthy said the debt ceiling negotiations were progressing positively despite the disputes over spending. With only a few days left before the default, McCarthy and President Biden are optimistic about a timely passing of the debt-ceiling deal. ... Read More: Biden and McCarthy Express Optimism About Timely Passage of Debt Deal - These Coins Will Benefit

cryptonews

Biden and McCarthy Express Optimism About Timely Passage of Debt Deal - These Coins Will Benefit

In this update, we will explore the predictions for these two leading cryptocurrencies, as they appear to be positioned for a significant 50% retracement. We will discuss a brief analysis of the market conditions surrounding Bitcoin and Ethereum, highlighting key factors that may influence their price movements in the near future. Stay tuned for valuable insights into the potential direction of these digital assets.... Read More: Bitcoin Price and Ethereum Prediction: BTC and ETH Poised for 50% Retracement; Brief Market Analysis

Bitcoin Price and Ethereum Prediction: BTC and ETH Poised for 50% Retracement; Brief Market Analysis

The Russian Government has abandoned a plan to launch a national crypto exchange. The country will instead establish a regulatory framework for crypto trading platforms which would help local businesses avoid sanctions.

Ethereum World News

Russia Drops Plan To Launch National Crypto Exchange

Several cryptocurrencies are experiencing significant gains amidst the green market condition today. Among the top gainers are PancakeSwap (CAKE), Injective (INJ), and Mask Network (MASK. yPredict (YPRED), Ecoterra (ECOTERRA), DeeLance (DLANCE), and Wall Street Memes (WSM) are also showing significant price increases. These digital assets benefit from successful presales and promising projects, attracting investors seeking early investment opportunities in crypto.... Read More: Catch the Hottest Crypto Gainers of the Day, Including a Viral Meme Coin on the Verge of Tier One Exchange Listing - Secure Early Buying Opportunities

Catch the Hottest Crypto Gainers of the Day, Including a Viral Meme Coin on the Verge of Tier One Exchange Listing - Secure Early Buying Opportunities

OKX's seventh PoR shows that the exchange holds bitcoin, ether, and USDT worth $10 billion in its reserve.

Crypto Potato

OKX Publishes 7th PoR Report With $10B in Crypto Assets, Continues Expansion

Ethereum Price Prediction 2023-2032 “The Merge did not change anything for holders/users.” Is that a fact? Crypto prices are unlikely to see a major recovery without new or returning investors bringing cash back into the market. Unless the retail people enter the market, Ethereum won’t strongly blast above ATH. Maybe something sparks retail, though, like Coinbase, ... Read more

Ethereum Price Prediction 2023-2032: Will ETH reach $8000 soon?

Memecoins are stirring quite the storm for Cardano as network transactions spike by 1.5 million. Continue reading at DailyCoin.

Daily Coin

Cardano Transactions Spike 1.5M as SNEK Rallies to All-time High

In a surprising twist, Peter Schiff, a long-time critic of cryptocurrencies and a vocal detractor of NFTs, is preparing to launch his own NFT art collection centered around bitcoin.

crypto.news

Bitcoin critic Peter Schiff to launch NFT collection with ordinals

Laotian Prime Minister Sonexay Siphandone chaired the inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation.

Laos government reportedly prioritizes blockchain technology for digital transformation

Kava recorded a massive value-reclaiming trend in May amid the fluctuations in the crypto market. According to data from CoinMarketCap, Kava pumped by over 41% over the past 30 days. Though several crypto assets recorded a southward price trend, Kava maintained a positive hold surging through the month. While Kava soars, analysts consider a new crypto asset, yPredict, as an asset with a unique value proposition capable of increasing its adoption... Read More: Kava Token Price Pumped 41% in May, Analysts Predict This Little Known Crypto is Next to Rise – Find Out Why

Kava Token Price Pumped 41% in May, Analysts Predict This Little Known Crypto is Next to Rise – Find Out Why

Tether (USDT) is the largest stablecoin in the market, with a market capitalization of over $86 billion as of May 2023. Despite the concerns about the current state of the cryptocurrency market, Tether has continued to dominate the stablecoin space, with its supply growing significantly since the beginning of 2023. However, there are signs that new competitors may challenge its dominance in the future. Related Reading: Bitcoin Rally Hopes Still Alive, If This Metric Is To Go By USDT’s Reign Over? According to the researcher and founder of DeFiance Capital, ArthurOx, one factor that may limit Tether’s growth is the emergence of new stablecoins. As investors become more concerned about the risks associated with Tether, they are likely to seek alternatives that offer greater transparency and accountability. For example, USDC (USD Coin) is a stablecoin fully backed by US dollars held in reserve by regulated financial institutions, and its supply has been growing rapidly in recent years. Another factor that may limit Tether’s growth is the emergence of decentralized stablecoins. These stablecoins are built on blockchain platforms, offering a decentralized alternative to centralized stablecoins like Tether. Decentralized stablecoins eliminate the need for a central authority to manage the reserves, as the reserves are held in smart contracts on the blockchain. This offers high transparency and security and eliminates the risk of a central authority mismanaging the reserves or engaging in fraudulent activities. One example of a decentralized stablecoin is DAI, built on the Ethereum blockchain. DAI is backed by a basket of cryptocurrencies held in smart contracts on the blockchain. This ensures that the value of DAI remains stable while offering high transparency and security. In addition to these factors, there are also regulatory risks associated with Tether. The stablecoin has come under scrutiny from regulators in the US and other countries, with some calling for greater transparency and oversight. If regulators impose stricter regulations on Tether, this could limit its growth and open up opportunities for other stablecoins to gain market share. Tether And USDC Show Resilience Amid US Debt Ceiling Drama According to a recent report by Kaiko, USDT and USDC have shown little volatility amid the ongoing drama surrounding the US debt ceiling. Despite concerns over a potential US default, USDT and USDC saw little to no price movement over the past two weeks. This suggests that the markets did not view default as the base case scenario and that investors remained confident in the stability of these stablecoins. Interestingly, USDT and USDC have increasingly been trading in tandem during periods of market stress. For example, when Binance temporarily halted withdrawals for Bitcoin (BTC) earlier this month due to network congestion issues, both stablecoins rose above $1, as seen in the chart above. This suggests that USDC may have gained some safe-haven appeal as U.S. banking troubles eased. The resilience of USDT and USDC during the debt ceiling drama reflects a wider trend in the cryptocurrency market, where stablecoins have become an increasingly popular way for investors to hedge against volatility. Related Reading: Bearish Sentiment Hits EOS As Bulls Lose Control, What Lies Ahead? These developments underscore the growing importance of stablecoins in the cryptocurrency ecosystem. As more investors seek to hedge against market volatility and regulatory uncertainty, the demand for stablecoins will likely grow. Moreover, the emergence of new decentralized finance (DeFi) applications that require stablecoins as a means of exchange and collateral is also fueling demand. Featured image from Unsplash, chart from TradingView.com

NewsBTC

The End of Tether? Why A Structural Shift In The Market Spells Trouble For USDT

The upcoming unlock of 3.6% of Optimism tokens may disrupt OP's growth, increasing selling pressure and price volatility. Protocol remains high, despite waning interest in its NFTs.

Will Optimism’s upcoming token unlock pose a threat to OP?

As per the latest announcement of Polygon Technology, one of the largest blockchain ecosystems on Ethereum says that the MISFITS,

Polygon Announces the Upcoming Launch of Pluto MISFITS

Cryptocurrencies are experiencing a significant surge in popularity, with numerous new coins capturing the attention of investors. In this update, we will focus on one particular group of cryptocurrencies that show high growth potential. Specifically, we will discuss CAKE, INJ, WMS, Ecoterra, Mask, yPredict, and QNT as the best cryptocurrencies to consider buying as of May 29th. ... Read More: Best Crypto to Buy Now 29 May – CAKE, INJ, WMS, Ecoterra, Mask, ypredict, QNT

Best Crypto to Buy Now 29 May –  CAKE, INJ, WMS, Ecoterra, Mask, ypredict, QNT

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