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Source: Cointelegraph.com

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Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon
The announcement highlighted that this may spark the launch of more peso-backed stablecoins within the region. Read full article
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Blockchain tech offers multiple paths to financial inclusion for unbanked
Millions of people in parts of the world lead limited economic lives, but opportunities to enter the digital economy are coming to many of them. Read full article
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Cathie Wood’s Ark and 21Shares refile for spot Bitcoin ETF
The U.S. SEC rejected the application for the ARK 21Shares Bitcoin ETF in early April and has not approved a spot Bitcoin ETF so far. Read full article
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ECB president’s anti-crypto comments trigger community responses
In a Dutch talk show, the ECB president said that crypto is "worth nothing" as there's no underlying asset that backs the currencies. Read full article
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Former Binance executives launch $100 million venture fund
Old Fashion Research has been functioning since late 2021, but now officially comes out of the shadows. Read full article
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Exchanges back 'Terra 2.0 revival plan' via airdrops, listing, buyback and burning
MEXC Global has pledged to do a month-long buyback and burning to reduce the circulating supply of the old Terra markets. Read full article
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SWIFT probably won't exist in 5 years: Mastercard CEO
Michael Miebach, CEO of Mastercard told an audience of blockchain executives that he expects SWIFT to phase out of existence in as little as five years' time. Read full article
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BTC price breakout due 'relatively soon' as Bitcoin volumes spook traders
Low transaction activity is gathering importance as analysts forecast volatility returning. Read full article
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WEF 2022: Metaverse should be developed from children’s perspective, says LEGO VP
Lego Group VP believes metaverse will be a disruptive force that would change the way people learn things, especially children. Read full article
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‘Yikes!’ Elon Musk warns users against latest deepfake crypto scam
Deepfakes abound! Crypto scammers produce a deepfake video of Elon Musk's TED talk to prey on unwitting social media users. Read full article
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Portugal's Assembleia da Republica says no to two crypto tax bills
The Portuguese Minister of Finance had recently declared that cryptocurrencies in the country will soon be subject to capital gains taxes. Read full article
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U.S. dollar index retreats from 20 year highs — but will DXY topping spark a Bitcoin recovery?
Strong euro and overbought readings could pressure the dollar further, showing signs of topping out—Bitcoin at risk of falling. Read full article
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World Bank won’t support Central African Republic’s Sango crypto hub
The World Bank has said “it will be physically impossible” for the lender to fund the planned Sango crypto hub and voiced concerns regarding the country’s adoption of Bitcoin. Read full article
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InsurAce says it will pay millions to claimants after Terra's collapse
DeFi insurance protocol InsurAce took heat from the community for suddenly shortening its claims period for Terra-related insurance claims, but is already set to pay out $11 million to claimants. Read full article
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Injective partners with Wormhole to bring 10 new blockchains to the network
“Users will soon find Wormhole integrated into the backend of the Injective Bridge whereby transferring assets from distinct EVM chains or Solana can be done with the click of a button,” Injective Labs stated. Read full article
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Ethereum Beacon Chain experiences 7 block reorg: What's going on?
“This reorg is not an indicator of a flawed fork choice, but a non-trivial segmentation of updated vs out of date client software” suggested Core Ethereum developer Preston Van Loon. Read full article
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Nvidia shares plunge after Q1 figures, crypto mining card revenue 'nominal'
Graphics card giant Nvidia reported "nominal" sales of its crypto mining chips and expects overall revenues to be down in Q2, which drove down its share price. Read full article
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Developing countries love the Metaverse, rich nations not keen: WEF survey
Developing countries have more than double the amount of people positive that the Metaverse will impact their lives and they'd use it daily in comparison to developed countries. Read full article
14h ago
Cointelegraph.com
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‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal
Sideways crypto price action persists as the Federal Reserve confirms its plan to continue raising interest rates, but analysts spot a silver lining. Read full article
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Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable
The discussion of FTX.US’s proposal for non-intermediated margined products clearing highlighted unknown factors and need for more regulatory framework. Read full article
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Polkadot parachains spike after the launch of a $250M aUSD stablecoin fund
Polkadot parachains posted double-digit gains after partnership announcements, protocol integrations and a stablecoin development fund caught the attention of the crypto investors. Read full article
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Brazil's Federal Revenue now requires citizens to pay taxes on like-kind crypto trades
The Federal Revenue of Brazil wants investors to pay taxes on cryptocurrency trading profits, even if there is no exchange for Brazil's national currency. Read full article
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Binance signs MOU with Kazakhstan to further crypto adoption and regulation
Binance CEO Changpeng Zhao met with Kazakhstan’s president and his senior staff on Wednesday to discuss long-term cooperation. Read full article
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Price analysis 5/25: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
Bitcoin and the major altcoins remain stuck in a range as traders search for the next factor that will start a directional move. Read full article
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JPMorgan places BTC fair price at $38k, declares crypto a preferred alternative asset
The banking giant says Terra collapse did not appear to harm the VC market, and things will be looking up for crypto as long as VC stays in. Read full article
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Bitcoin creeps toward $30K, but data shows bears in favor for Friday’s $1.8B BTC options expiry
Traders are calling for a “relief rally” to $35,000, but derivatives data shows bears stand to profit from this week’s $1.81 billion BTC options expiry. Read full article
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Scott Minerd says Bitcoin price will drop to $8K, but technical analysis says otherwise
BTC price could be poised for a big bounce despite Minerd’s prediction that price will drop to $8,000. Read full article
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Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil
The new investment vehicle will focus on early-stage ideas as well as projects that are more mature and have already shown some traction. Read full article
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Tax guidelines for crypto mining pass the first reading in Kazakhstan
The gradual scale would impose the highest taxes on the cheapest electricity sources. Read full article
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Cryptopedia: Learn the concepts behind stablecoins and how they work
Cointelegraph breaks down stablecoins and how they give users a way to safely store their assets without worrying about depreciation. Read full article
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Singapore venture firm launches $100M Web3 and metaverse fund
The startup fund, which is backed by Babel Finance and Huobi Ventures, will back emerging projects that are building for the Web3 and metaverse economies. Read full article
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GPU prices are still on a decline: Is Bitcoin’s sorrow gamers’ joy?
Times are hard for Bitcoin and other cryptocurrencies, but gamers are in luck, as GPU prices are now more affordable. Read full article
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As crypto takes a nosedive, gold-backed tokens ensure investors won’t crash too
In 2022, crypto investors might turn to the old instrument of market stability — gold. There are various gold-backed cryptocurrencies on the decentralized market. Read full article
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StarkWare nets $100M as investors bank on layer-2 success
Ethereum layer-2 developer StarkWare raises a further $100 million despite a gloomy outlook for the cryptocurrency space. Read full article
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Ideas vs. practice: How are regulators working together on crypto?
While the calls for globally coordinated regulation for cryptocurrencies is a noble effort, the practicality of the situation is far from ideal. Read full article
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What is NFT staking and how to earn income from NFTs?
NFTs are tokenized assets that can be staked and maintained secure on NFT staking platforms. Read full article
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WEF 2022: NFT custody is ‘the missing piece’ for mainstream adoption, says Veritic CEO
Veritic CEO argued that providing a simpler way to own NFTs can boost the mainstream adoption of the technology. Read full article
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Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote
While the FSS' standardization effort is still in its early stages, it is expected that once a legal framework for virtual assets has been established, a uniform evaluation system will be put in place. Read full article
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Bitcoin price bottom signals flash as 'fear and greed' index matches March 2020 lows
On-chain indicators focusing on Bitcoin's fair valuation and long-term holders' sentiment also raise its prospects of bottoming out. Read full article
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WEF 2022, May 25: Latest updates from the Cointelegraph Davos team
The fourth day of WEF 2022 will see key people from the industry discuss the journey of crypto investors. Read full article
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Bitcoin 'finally' due for $32.8K as long-term BTC price metric flashes overvalued
An uptick to two-week highs is on the cards but longer timeframes still trouble Bitcoin analysis. Read full article
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WEF 2022: Satoshi Nakamoto could be a woman, says Meta VP Nicola Mendelsohn
GBBC CEO highlighted the need for women representation on the crypto trading side, and claimed “Bro culture” is prevalent in the trading ecosystem. Read full article
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Exchanges show initial support to Terra revival by listing new LUNA token
HitBTC plans to list Terra's brand new token LUNA on May 27 as the suspended Terra Classic blockchain is expected to revive as Terra 2.0. Read full article
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NFT owners reminded to be vigilant after 29 Moonbirds were stolen by clicking a bad link
A malicious link netted a scammer $1.5 million worth of Moonbird NFTs from a Proof Collective member. Read full article
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Google seeks fresh talent to lead global Web3 team
The role will be tasked with raising awareness about Google Cloud’s Web3 initiatives in addition to eventually building customer demand for the related offerings. Read full article
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Blockstream dreams up a whole new type of multisig called ROAST
In particular, ROAST has been posited as a signature standard that could work with, and improve, threshold signature schemes such as FROST (Flexible Round-Optimized Schnorr Threshold Signatures). Read full article
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OpenEthereum support ends with the Merge fast approaching
“The usefulness has run its course,” the OpenEthereum team wrote regarding its popular software, “we look forward to the next phase of clean, green and massively scalable blockchain infrastructure.” Read full article
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'Code is not law': Seth Green thief stole Bored Apes, not the rights say experts
Green planned on using the BAYC in an upcoming TV series, and he has hinted he will go to court to get his Apes back if the new owner does not give it up. Read full article
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WeWork founder reinvents himself with $70M crypto carbon credit platform
Coworking space founder and billionaire Adam Neumann is trying his hand in the crypto space, raising $70 million for his blockchain-powered climate tech platform Flowcarbon. Read full article
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Uniswap breaks $1T in volume — but has only been used by 3.9M addresses
Uniswap has hit two major milestones this month, with the DEX topping $1 trillion in volume and hitting around 3.9 million cumulative users this month. Read full article
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Could GameFi and carbon currencies reverse blockchain's climate stigma?
Toucan Protocol’s Rob Schmitt believes blockchain gaming could have a much better environmental reputation if games integrated carbon offsets. Read full article
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CryptoSat’s first nanosatellite blasts off Wednesday on SpaceX rocket
The small satellite no bigger than a coffee mug is made from off-the-shelf parts and can be a tamperproof platform to secure blockchains and other Web3 protocols. Read full article
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Sam Bankman-Fried could spend up to $1B in 2024 to thwart Trump comeback
The FTX founder said he’d spend “north of $100 million” with a “soft ceiling” of $1 billion and added “who knows what’s going to happen between now and then.” Read full article
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Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates
The Federal Reserve’s steady interest rate hikes have put stocks and crypto into bear market territory, but analysts worry about what happens if inflation still remains out of the “target range.” Read full article
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Weak stocks and declining DeFi use continue to weigh on Ethereum price
Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000. Read full article
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ECB: One in ten households in eurozone population centers now own cryptocurrency
The survey took place in the EU's major economic areas such as France, Germany, Italy, Spain, Belgium, and the Netherlands. Read full article
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WEF 2022: Web3 no longer just about crypto and DeFi, says Polkadot founder Gavin Wood
Blockchain startups building for the Web3 economy have attracted billions of dollars in venture capital funding this year alone. Read full article
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Mercado Bitcoin partners with Stellar to create MVP for Brazilian CBDC
Cryptocurrency companies unite to create use cases for Brazil’s CBDC with central bank approval. Read full article
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WEF 2022: Trust and clarity are missing in discussions of carbon emissions and crypto
Panelists at the World Economic Forum session on crypto’s carbon footprint seem to be seeing FUD galore surrounding the environmental consequences of crypto mining. Read full article
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Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price
Solana continues to consolidate near the critical $50 price range, while bulls have begun to flirt with the idea of a possible upswing. Read full article
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Crypto funds under management drop to a low not seen since July 2021
Outflows from digital asset funds reached $141 million last week, a figure not seen since July 2021. Read full article
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Bitcoin price returns to weekly lows under $29K as Nasdaq leads fresh US stocks dive
BTC price action remains at the mercy of equities performance at the Wall Street open. Read full article
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Enforcement and adoption: What do UK’s recent regulatory aims for crypto mean?
British regulators intend to amplify the enforcement of crypto and make stablecoins a payment method. Read full article
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Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level
The current worst case scenario involves a 28% wick below the 200-week moving average, one theory suggests. Read full article
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WEF 2022: Bitcoin should be seen from an innovation perspective, says Miami mayor
Francis Suarez reminded people that volatility plays an equal role when the market is going up, but the concerns only come up during bear markets. Read full article
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WEF 2022: Blockchain community breaks stereotypes at Davos
Soramitsu CEO Makoto Takemiya described blockchain companies as the “barbarians at the gate,” storming the World Economic Forum 2022. Read full article
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Top 3 cryptocurrencies that are faring the best in the 2022 bear market
The list is curated after studying the drawdowns of the top 30 crypto assets by market cap from their record highs. Read full article
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Central African Republic to launch official crypto hub ‘Sango’
The Central African Republic prepares to launch its first major crypto hub shortly after the National Assembly adopted Bitcoin as legal tender. Read full article
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Game on: Yield Guild Games scholarships on the rise through Q1
Yield Guild Games has had a very strong start to 2022 despite crypto markets falling steadily throughout the first three months of the year. Read full article
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Coinbase introduces crypto to Fortune 500 while FTX CEO featured in TIME 100
U.S.-based crypto exchange Coinbase ranked 437th on the elusive Fortune leaderboard, while Sam Bankman-Fried was highlighted by TIME magazine in the innovation category. Read full article
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El Salvador’s Bitcoin play: What does the current slump mean for adoption?
Despite all of the existing volatility, El Salvador’s move to legalize BTC has helped pave the way for a digital future helmed by crypto assets. Read full article
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Russia's updated crypto mining bill cuts tax amnesty for Bitcoin miners
Legislators in the lower house of Russia's parliament also dropped the notion of a special register for mining operators. Read full article
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Japan's Bitbank to set up a custody firm to facilitate institutional entry to local markets
In partnership with Sumitomo Mitsui Trust Holdings, crypto exchange Bitbank revealed plans to establish JADAT, a crypto-specialized custodian. Read full article
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Bitcoin dives to fill CME gap amid claim new all-time highs will take 2 years
Don't hold your breath for a return to $69,000 this year or next, one commentator says. Read full article
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ADDX bags $58M to reduce min. private investment by 10x via smart contracts
ADDX uses blockchain technology and smart contracts to tokenize and fractionalize private markets, including pre-IPO equity, private equity, and hedge funds and bonds. Read full article
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WEF 2022, May 24: Latest updates from the Cointelegraph Davos team
The third day of WEF 2022 will see the OECD secretary-general share his thoughts on a reimagined global tax system and industry experts discussing DeFi as the future of decentralized governance. Read full article
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Law Decoded: The long waves in the aftermath of UST’s crash, May 16-23
Officials from all over the world continue discussing the solutions for stablecoins' risks Read full article
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Coinbase offers 'thousands of tokens' in expanded swap service
Coinbase has added BNB Chain and Avalanche to its list of supported networks for the Coinbase Wallet which will give traders far greater access to tokens that are not listed on the Coinbase exchange. Read full article
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FTX reportedly shopping for brokerages in preparation for stock trading
Amid its plans to roll out stock trading services, FTX has reportedly met with at least three brokerage start-ups over the past few months regarding potential acquisitions. Read full article
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eBay drops first NFT collection to non-crypto mainstream buyers
"You don't have to be a crypto expert to buy, sell, and collect NFTs. OneOf and eBay are bringing transformative Web3 technology to the next 100M non-crypto-native mass consumers," said OneOf CEO Lin Dai. Read full article
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South Korean police request exchanges freeze LFG related funds
Police in South Korea have contacted the country’s leading exchanges to freeze any funds linked to the embattled Luna Foundation Guard. Read full article
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Core Ethereum developer details changes to expect after the Merge
With the Merge still at least three months away, core Ethereum developer Time Beiko offered a few suggestions and reminders for developers and users of Ethereum. Read full article
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