Bitcoin price rallies to $32.3K, but three factors could limit its recovery

Bitcoin (BTC) price action has been surprisingly bullish since May 27. Weekends, especially holiday weekends, are notoriously volatile and indecisive, with major whipsaws in price movements being the norm. Even in bull markets, bearish price action is often the norm, but BTC bucked that trend.  BTC/USD daily chart (Coinbase) Source: TradingView Bitcoin rallied nearly 11% … Read more

Binance Staking completes initial phase of Terra 2.0 airdrop as ecosystem issues persist

On Tuesday, cryptocurrency exchange Binance said it completed the first stage of airdropping new Terra Luna (LUNA) tokens to holders of Terra Luna Classic (LUNC), TerraUSD (USTC), and AnchorUST (aUST).  The distribution was based on “pre-attack” and “post-attack” snapshots of token holders taken at LUNC block height 7,544,910 at 14:59:37 on May 7, 2022 UTC … Read more

CA GameFi, Subsidiary of CyberAgent, Announces “ProjectTB” That Delivers “Just Enjoy and Earn” to Players Around the World – Press release Bitcoin News

press release PRESS RELEASE. CA GameFi Inc., (headquartered in Shibuya-ku, Tokyo, Japan; Taro Yamamoto, Represent ative Director; hereafter CA GameFi), a subsidiary of CyberAgent Inc. (headquartered in Shibuya-ku, Tokyo, Japan; Susumu Fujita, Representative Director; listed on the TS E’s fist section, Stock Code 4751; hereafter CyberAgent), announced the establishment of a new NFT project “Project … Read more

Terra Development Team Reveals Some Users ‘Received Less LUNA From the Airdrop Than Expected’ – Bitcoin News

The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic (USTC) holders. However, on Tuesday the Terra development team revealed that some Terra token owners “received less LUNA from the airdrop than expected,” … Read more

Russian central bank signals agreement with crypto law revisions: Report

First deputy governor of the Russian central bank Ksenia Yudayeva stated Tuesday that the bank is open to using cryptocurrency for international payments, Reuters reported, along with Russian media, which added that the bank was reconsidering its position on crypto mining as well. Yudaeva was quoted as saying: “We have changed our position on mining, … Read more

Biggest Movers: WAVES Nearly 60% Higher, as AXS Surges Close to 25% in Today’s Session – Market Updates Bitcoin News

WAVES prices surged by almost 60% on Tuesday, leading gainers in crypto markets during today’s session. This move took prices to a 20-day high, and came as AXS also rallied, climbing by over 25% earlier in the day. WAVES WAVES was one of Tuesday’s biggest gainers, as prices rose by nearly 60% earlier in today’s … Read more

How does The Fed impact crypto? | Find out on The Market Report

“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss how Jerome Powell and the United States Federal Reserve influence the crypto market. But first, the Cointelegraph experts analyze the latest news in the market. Will Bitcoin’s uphill battle continue? And will LUNA 2 be able to recover … Read more

UK government proposes additional safeguards against stablecoin failure risks

In a new consultation paper published on Tuesday, the Treasury of the United Kingdom proposed a new set of regulatory changes for the stablecoin industry.  In its report, the Treasury highlighted the importance of stablecoins in innovation but also noted their ability to impact financial stability should systemic failures occur. Specifically, the Treasury called for: … Read more

Bitcoin drops 1.5% on US market open amid warning miners may ‘capitulate’ in months

Bitcoin (BTC) fell in line with United States equities on May 31 as the return of Wall Street began with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks take BTC price south again Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to near $31,000 at the start of trading after markets returned … Read more

Crypto Fear and Greed Index Shows ‘Extreme Fear’ and Shaky Sentiment Persist – Market Updates Bitcoin News

For a few weeks now, bitcoin sentiment stemming from the Crypto Fear and Greed Index (CFGI) has been in the “extreme fear” range. While bitcoin gathered some gains on Monday, the CFGI is still in the “extreme fear” position with a ranking score of 16 out of 100. Crypto Fear and Greed Index Remains in … Read more