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Aussie crypto ETFs see $1.3M volume so far on difficult launch day

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Posted on May 11, 2022

With crypto markets tanking, three crypto-focused exchange-traded funds (ETFs) picked a difficult day to commence trading on local exchange Cboe Australia today. The trio’s launch marks the first crypto ETFs to go live in Australia, with two of them focused on offering exposure to Bitcoin (BTC) and the other focused on Ethereum (ETH). So far

Ethereum whales get busy as transactions hit highest point since January

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Posted on May 11, 2022

Despite widespread losses being posted throughout the crypto market, Ethereum whales have been busy buying and selling Ether (ETH) at a rate not seen since January this year. According to data from Santiment, Ethereum whales made a total of 2,956 transactions, each valued at over $1M on Wednesday, marking the highest day of whale transactions

Terra contagion leads to 80%+ decline in DeFi protocols associated with UST

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Posted on May 11, 2022

The knock-on effect of the collapse of Terra (LUNA) and its TerraUSD (UST) stablecoin have spread wide across the cryptocurrency market on May 11 as projects with any kind of association with the DeFi ecosystem have seen their prices hammered. The forced selling of the Bitcoin (BTC) holdings backing a portion of UST also influenced

Attorney Says Possible ‘Game, Set and Match’ for Ripple and XRP Lawsuit – Here’s Why

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Posted on May 11, 2022

A lawyer and crypto legal expert says that a breach of ethics could mark the end of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs. Attorney John Deaton points to documents uncovered by an anti-corruption watchdog Empower Oversight involving the SEC’s former Director of Corporate Finance William Hinman and a speech he

ApeCoin is down 70%+ since the Otherside launch — Can Yuga Labs turn the ship around?

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Posted on May 11, 2022

ApeCoin (APE), the new cryptocurrency that was recently launched by Yuga Labs, aims to be the bedrock of the Otherside metaverse and recently the token has experienced massive volatility leading into and after its digital land sale. APE’s price dropped from $26 at the peak on Apr. 28 to $14 on May. 2 — more

BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

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Posted on May 11, 2022

The crisis with Terra’s stablecoin TerraUSD (UST) and the freefall in Terra’s LUNA token has dented crypto sentiment further. Although Terraform Labs CEO Do Kwon announced a relief plan, the community does not seem too hopeful about the revival. Another hindrance to a quick improvement in sentiment is that the United States Consumer Price Index

This week’s whipsaw market movements test NFT traders’ resolve — What’s next?

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Posted on May 11, 2022

It goes without question that there has been an influx of excited investors piling into Web3 and this is despite the decrease in total volume sales in the last 7 days. Since the start of May, the total market capitalization for NFTs rose to over $19.44 billion with the total volume exceeding $1.3 billion in

Bitcoin 2022 — Will the real maximalists please stand up? – Cointelegraph Magazine

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Posted on May 11, 2022

As I go about the Miami conference, I wonder, Aside from some of the conference speakers, where are these Bitcoin maximalists I keep hearing so much about? When I tell the customs official I’m going to Miami for the Bitcoin 2022 conference, there seems to be a light in the man’s eyes. He peppers me

Government planning digital currency launch as cryptocurrency regulations loom | 9 News Australia

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Posted on May 11, 2022

Treasurer Josh Frydenberg has weighed in on a central digital currency in Australia as the government flags changes to … source

Industry experts weigh in on SEC hiring more crypto cops

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Posted on May 11, 2022

The United States Securities and Exchange Commission (SEC) is seeking to hire more people to focus on digital assets, raising the number of personnel charged with safeguarding investors in cryptocurrency markets by almost twofold. The SEC’s Cyber Unit, which comprises the Crypto Assets and Cyber team, is expected to hire 20 new people for 50

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