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Bitcoin to set a new record 9-week losing streak with BTC price down 22% in May
Bitcoin (BTC) threatened to continue an unprecedented losing streak on May 29 as BTC/USD stayed in a right intraday range.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewStocks correlation offers no comfort to BTC bullsData…
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Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests – Mining…
The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the shadows…
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The next generation of NFTs will be streamlined and trustworthy
Nonfungible tokens (NFTs) have been in the headlines for the past few years. While swaths of the population have tried to get their head around why NFTs exist, demand has soared, institutions have been built, and the lingo has entered…
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Brazil’s University of Sao Paulo Will Have Its Own Lands in the Metaverse
The University of São Paulo (USP) signed a cooperation agreement with Radio Caca (RACA) to study different educational applications within the United States of Mars metaverse by operating different virtual lands inside…
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Korean police urge exchanges to freeze Luna Foundation’s assets
South Korean police have reportedly requested exchanges to ‘freeze’ the assets of the Luna Foundation Guard (LFG), the non-profit organization set up to support the Terra (LUNA) cryptocurrency.
A news report published on Monday by…
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DOGE Climbs Following Spacex News, XTZ Rebounds From Recent Losses – Market Updates Bitcoin News
DOGE rose on Saturday, following yesterday’s tweets from Elon Musk confirming that Spacex could soon accept the memecoin as a payment option for merch. Tezos was also higher to start the weekend, as it rose by nearly 5%.
Dogecoin…
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JPMorgan Foresees Increased Blockchain Use in Finance — Prepares to Offer Related Services –…
JPMorgan expects blockchain use in finance to increase as the crypto sector grows. The global investment bank says, “We want to make sure that we are able to not only support that but also be ready to provide related services.”…
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Digital identity in the Metaverse will be represented by avatars with utility
The Metaverse is poised to become tech’s next trillion-dollar opportunity, as an increasing number of companies are showing interest in immersive virtual spaces that will allow consumers to go beyond what’s possible in real life. This…
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Binance to Advise Kazakhstan on Crypto Regulations – Regulation Bitcoin News
Cryptocurrency exchange Binance will assist the government of Kazakhstan in efforts to regulate the country’s crypto space. The global coin trading platform will also help with the integration of the domestic banking system with the…
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Billionaire Investor Ray Dalio Says ‘Cash Is Still Trash’, Prefers ‘Digital Gold…
Billionaire investor and hedge fund manager, Ray Dalio, has reiterated his previous call that “cash is trash”. Dismissing equities as “trashier”, the Bridgewater Associates founder said he preferred “a digital gold like bitcoin”…
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