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A dormant cryptocurrency whale that participated in Ethereum’s initial coin offering (ICO) back in 2015 has sprung back to life. The whale purchased 8,000 $ETH, equivalent to nearly $15 million at the time of writing, during the ICO. According to blockchain monitoring service Lookonchain, the reactivation process started with a cautious initial transaction, involving a

CryptoGlobe

Ethereum ICO Participant Resurfaces and Transfers 8,000 $ETH After it Appreciated Nearly 600,000%

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

The News Crypto

Is USDT Building a Strengthened Supremacy?

Russian lawmakers have decided to halt the development of a state-level cryptocurrency trading platform. However, this decision reverses the government’s previous plan to create a state-owned crypto exchange to bolster tax revenue. According to the local newspaper Izvestia, the Ministry of Finance opposed the idea of a national exchange and argued in favor of prioritizing ... Read more

Cryptopolitan

Russia shifts focus to regulating private crypto trading platforms, abandoning national exchange plans

Polygon zkEVM had less than $500 million in total value locked.

AMB Crypto

Analyzing performance of Polygon zkEVM and its on-chain metrics

By incorporating the Hedera Token Service (HTS) and Hedera Consensus Service (HCS) into its cutting-edge platform, NOWPayments.io, a prominent cryptocurrency

NOWpayments Integrates Hedera Token to Increase Efficiency

Chainlink Price Predictions 2023-2032 No one could say if — and when — the crypto winter is ending. We can regard some successful strategies as “green shoots” to create hope for the crypto industry. ETH witnessed three consecutive weeks of inflows after 11 straight weeks of sell-off, according to a CoinShares report. Fear not, and let’s ... Read more

Chainlink Price Prediction 2023-2032: A Strong Buy Sentiment for LINK?

After sending mixed signals, the government may be more willing to work with the cryptocurrency industry.

Decrypt

Russia Drops Plans for State-Run Crypto Exchange

Let’s review how Ordinals grew so big, so fast.

Crypto Potato

Bitcoin Now Has Over 10 Million Ordinals Inscriptions

Image by Fareed Mindalano / Playground AI After experiencing a notable 4.49% uptick yesterday, Bitcoin (BTC) is currently retracing and trading at $27,665, down 1.48% in the past day. According to crypto analytics firm Glassnode’s recent report, however, on-chain data shows Bitcoin could break $28,000 soon. In the past 24 hours, Bitcoin reached $28,462.73 but volatility has prevented it from staying above $28,000.... Read More: Which Crypto Will Give 1000% Gains in 2023?

cryptonews

Which Crypto Will Give 1000% Gains in 2023?

Changpeng Zhao (CZ), the CEO of Binance, the world’s largest crypto exchange by trading volume, is seeing a breakthrough in the cryptocurrency industry in the next bull market. In a new Bankless interview, CZ Binance detailed what he thinks could be the next big thing for crypto and blockchain technology. Binance CEO said there are The post Binance CEO (CZ) Highlights New Narratives for Next Crypto Bull Market appeared first on Times Tabloid .

TimesTabloid

Binance CEO (CZ) Highlights New Narratives for Next Crypto Bull Market

Bali’s government is reportedly warning tourists that they will suffer harsh penalties for any payments made using cryptocurrencies. According to a new report from Channel News Asia, Bali’s governor Wayan Koster is sending a firm message to foreign tourists that crypto is an illegal form of payment, including at hotels, restaurants, and small businesses. Koster’s The post Tourists in Bali Warned Against Using Crypto for Payments, Governor Says They’ll Be ‘Dealt With Firmly’: Report appeared first on The Daily Hodl .

The Daily Hodl

Tourists in Bali Warned Against Using Crypto for Payments, Governor Says They’ll Be ‘Dealt With Firmly’: Report

The Japanese business behemoth Sony is set to invest in Web3, NFT, and metaverse firms via an incubator program. Per Japan’s Bit Times, Sony has teamed up with Astar, a Japanese smart contract platform and blockchain developer, for the initiative. The Web3 firm Startale Labs – a frequent Astar collaborator – is also taking part in the project.... Read More: Sony Announces Plans to Back Web3, NFT Startups – Japan Set for Metaverse Pivot?

Sony Announces Plans to Back Web3, NFT Startups – Japan Set for Metaverse Pivot?

Bitcoin is finally seeing some green after trading at a loss over the past two weeks. The cryptocurrency continues to trade within a tight range, but activity in the options market could hint at a potential run toward new highs. Related Reading: No All-Time High For Bitcoin In 2023, Former BitMEX Head Arthur Hayes Predicts As of this writing, Bitcoin (BTC) trades at $27,900 with a 2.5% profit in the last 24 hours. Over the last week, the cryptocurrency has seen twice the profits recording a 4.4% performance. Other cryptocurrencies in the top 10 by market cap are experiencing similar momentum. Bitcoin Options Hint At Fresh Rally? Data from crypto options trading platform Deribit indicates a drop in Implied Volatility (IV). This metric measures the expectation of future price movements by market participants. IV has been trading sideways over the past month, with a tendency to the downside. Deribit claims that growing uncertainty in the crypto market and the macroeconomic landscape is fueling the current dynamic on this metric, which translates into slow price action for BTC and crypto. As the price of Bitcoin retraces, option buyers have been selling their contracts. When the opposite happens, and BTC sees an uptick, options sellers dump their contracts. This dynamic has put “constant selling pressure” on the IV and contributed to suppressing the BTC spot sector. However, the upcoming U.S. debt ceiling, the date this country could default on its national financial commitments, could change the status quo. The narrative around this event hints at a further appreciation for BTC and risk-on assets. Today, equities and crypto rallied as key political factions in the North American country reached a tentative agreement that could avert a crisis across the financial world. Over the weekend and into today’s development, Deribit noted that maturity for BTC options turned profitable. The exchange also saw aggressive calls buying as the landscape signals profits for the cryptocurrency and prices return north of $27,000. This large player bought calls (buy orders), betting that BTC could hit $34,000 somewhere in July/August 2023, as seen on the chart below. Related Reading: Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store? Deribit stated in a market update: Sub 7day ATM-28k Calls + July 31k Calls bought bravely ahead of the long weekend Theta turned profitable as Debt-ceiling talks progressed and a large DSOB buyer of July+Aug 34k Calls aggressively accumulated at higher prices just prior to Spot slicing through 27.3k and now 28k Cover image from Unsplash, chart from Tradingview

NewsBTC

Is Bitcoin Headed For $34,000? Large Buyer’s Purchase May Signal Yes

The chill of the so-called “crypto winter” has crept into the metaverse, causing a significant depreciation in property values. The faltering trust in cryptocurrencies and virtual realities is particularly pronounced in this realm, leading to a major shake-up. Is the…

nft.news

Crypto Winter Freezes Metaverse Real Estate: Property Values Plummet by 90%

The Russian government is switching gears as it no longer plans to create a national cryptocurrency exchange, and instead will write rules for multiple crypto exchanges, according to a local news site. Anatoly Aksakov, member of one of the chambers of the Russian parliament, spoke to news outlet Izvestia about the shift. ... Read More: Russian Government Switching Gears — No Longer Plans To Create a National Crypto Exchange

Russian Government Switching Gears — No Longer Plans To Create a National Crypto Exchange

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

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

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?

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

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

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