NFT collectors sent B to marketplaces in 2022, nearly equaling 2021 already

NFT collectors sent $37B to marketplaces in 2022, nearly equaling 2021 already

Collectors of non-fungible tokens (NFTs) have already sent more than $37 billion in value to NFT marketplaces this year (as of May 1), a figure that nearly exceeds the total amount in all of 2021.  According to a report from Chainalysis, investors sent $40 billion worth of cryptocurrency to smart…

Bitcoin drops to .5K as 1,000 point Dow correction marks the worst trading day since 2020

Bitcoin drops to $35.5K as 1,000 point Dow correction marks the worst trading day since 2020

Global financial markets plunged into disarray on May 5 as the Dow Jones saw a 1,063 point drop and Bitcoin (BTC) price plummeted to $35,571 on Binance. The widespread weakness comes as traders have had more time to digest the recent half-point interest rate hike by the Federal Reserve, the…

Descending channel pattern and weak futures data continue to constrain Ethereum price

Descending channel pattern and weak futures data continue to constrain Ethereum price

Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending channel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test the pattern’s $2,870 resistance. Ether/USD price at FTX. Source: TradingView Federal Reserve…

Luna Foundation Guard acquires additional 37,863 BTC as part of reserve strategy

Luna Foundation Guard acquires additional 37,863 BTC as part of reserve strategy

Luna Foundation Guard (LFG), a Singapore-based nonprofit tied to the Terra Luna ecosystem, has raised another $1.5 billion to further expand its already hefty Bitcoin (BTC) reserves. The raise allowed LFG to acquire 37,863 BTC via over-the-counter swaps with broker Genesis Trading and an additional purchase from Three Arrows Capital,…

Bitcoin falls toward K as stocks abandon Fed ‘reactionary rally’

Bitcoin falls toward $38K as stocks abandon Fed ‘reactionary rally’

Bitcoin (BTC) lost almost $1,000 in the first hour of Wall Street trading on May 5 as a brief rally ended in disappointment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Nasdaq drops 4% on post-Fed open Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it returned to $38,130 on…

Sen. Warren asks Fidelity to address the risks to put Bitcoin in 401(k)s

Sen. Warren asks Fidelity to address the risks to put Bitcoin in 401(k)s

The United States government is growing increasingly concerned about Bitcoin (BTC) in retirement savings, with two Senators flagging some issues in Fidelity Investments’ plans to include Bitcoin (BTC) in 401(k) accounts. Senators Elizabeth Warren of Massachusetts and Tina Smith of Minnesota expressed concerns over Fidelity’s decision to add BTC to…

Bitcoin celebrates halfway to the halving with new hash rate record

Bitcoin celebrates halfway to the halving with new hash rate record

Bitcoin (BTC) marks a milestone mining journey on Thursday, crossing the halfway point on the way to its next halving.  In Block number 735,000, mined at approximately 10:29 UTC, Bitcoin crossed the halfway point to the next halving. The block was mined by Poolin, earning 0.16215354 BTC ($6,402.45) in fees.  Halvings…

Opera browser enables direct access to BNB Chain-based DApp ecosystem

Opera browser enables direct access to BNB Chain-based DApp ecosystem

Crypto-friendly browser Opera integrated BNB Chain, a decentralized blockchain ecosystem formerly known as Binance Smart Chain, to enable BNB Chain-based decentralized apps (DApps) on Android, iOS and desktop versions of its Crypto Browser. The integration will enable Opera’s 350 million users to purchase the BNB (Build N Build) token with…

Steve Irwin’s zoo conservation NFTs, SportemonGo is gone, and more

Steve Irwin’s zoo conservation NFTs, SportemonGo is gone, and more

The Crocodile Minter Australia Zoo, the famous animal sanctuary owned by Terri Irwin, the widow of Steve Irwin or the crocodile hunter, has launched an NFT project called “Wildlife Warriors.” Wildlife Warriors is also the name of a non-profit organization founded by the Irwins in 2002 which focuses on the…

Coinbase’s plans to purchase firm behind Mercado Bitcoin fall through: Report

Coinbase’s plans to purchase firm behind Mercado Bitcoin fall through: Report

Coinbase and Brazilian company 2TM, the parent company of Mercado Bitcoin, have reportedly scrapped talks around the crypto exchange purchasing the firm. According to a Tuesday Bloomberg report, 2TM and Coinbase have ended discussions around the United States-based crypto exchange buying the Brazilian company, which was valued at more than…