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“Cloudflare is going to participate in the research and development of the core infrastructure that helps keep Ethereum secure, fast, as well as energy-efficient for everyone,” the firm stated. Ahead of Ethereum’s highly anticipated switch to proof-of-stake (PoS), cyber security firm Cloudflare is set to launch and fully stake Ethereum validator nodes over the next…Read More

Cloudflare, an internet services and DDoS protection company, has announced a new strategy regarding its Web3 experiments. The company revealed it will run Ethereum validator nodes as part of its commitment to help to scale the internet by using proof-of-stake (PoS) consensus technologies. This will ostensibly allow the company to access the energy efficiency and…Read More

Analysts across crypto and traditional stocks have taken notice of the similarities between what happened in March 2020 and market moves so far this month. Analysts in both crypto and traditional markets have noted some startling similarities between the recent downturn and the one caused by a pandemic panic in March, 2020.The real question is…Read More

Highlighting Germany’s crypto license as an example of attractive regulation, Birgit Rodolphe writes that similar frameworks should be the same throughout the EU to “prevent a fragmented market.” Birgit Rodolphe, an executive director at Germany’s Federal Financial Supervisory Authority (BaFin) has called for innovative and uniform regulation of the decentralized finance (DeFi) space throughout the…Read More

The Department of Justice (DOJ) has filed its first criminal complaint against an American who allegedly used cryptocurrency to circumvent U.S. sanctions. “The payments platform advertised its services as designed to evade U.S. sanctions, including through purportedly untraceable virtual currency transactions.” DOJ Charges US Citizen in Crypto Sanctions Evasion Case The U.S. Justice Department…Read More

“Ethereum’s overwhelming mindshare helps explain why its users have been willing to pay more than $15 million in fees per day on average just to use the blockchain,” a16z stated. Crypto venture fund giant Andreessen Horowitz (a16z) has highlighted that development and demand on Ethereum is “unmatched” despite the network’s high transaction fees.The firm does…Read More

Tesla and Spacex CEO Elon Musk says that the U.S. economy is probably in a recession and it could be “tough going” for 12 to 18 months. He added: “The honest reason for inflation is that the government printed a zillion more money than it had.” Elon Musk on U.S. Recession and Inflation Elon…Read More

South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchanges to provide information relating to transactions and investors of the two coins. South Korea’s Emergency Investigation Into LUNA, UST South Korea has launched an “emergency” investigation of domestic…Read More

The crypto hawk Biden appointee will sponsor a panel of 36 financial industry executives, thought leaders and other prominent figures. United States Commodity Futures Trading Commission (CFTC) commissioner Kristin N. Johnson was named the sponsor of the agency’s Market Risk Advisory Committee (MRAC) on Tuesday. She replaced CFTC chair Rostin Behnam in that role.Johnson was…Read More

On-chain data suggests Bitcoin price is discounted, but analysts caution against expecting a rapid recovery. There are early signs of the “dust settling” in the crypto market now that investors believe that the worst of the Terra (LUNA) collapse looks to be over. Viewing Bitcoin’s chart indicates that while the fallout was widespread and quite…Read More

New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers. China Is Still the…Read More

Many on social media called for legal action against Do Kwon, while others speculated the potential departure of the legal team could have been over concerns about money. The ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn following a supposed change in employment status for many on the firm’s…Read More

NFT sell volume declines sharply after Terra’s blow up led to stablecoins dropping their peg and Bitcoin’s dip below $30,000 raises fear of a prolonged bear market. Without fail, crypto has a way of humbling even the most self-assured and this market is definitely not for the faint of heart. Nonfungible token (NFT) investors have…Read More

Blockchain analytics firm Nansen to launch a new portfolio tracker integrated with the rest of its features with the new acquisition. Major Ethereum blockchain analytics platform Nansen continues scaling its operations by acquiring a cross-chain decentralized finance (DeFi) tracker.Nansen has acquired the multi-chain portfolio tracker Ape Board in an eight-figure deal, the firm announced to…Read More

Following the aftermath of Terra’s UST implosion, the blockchain project’s founder Do Kwon has been actively discussing the Terra ecosystem revival plans and one specific proposal will be voted on May 18. The plan is to fork the blockchain into a new chain that does not include an algorithmic stablecoin, and the newly minted tokens…Read More

PRESS RELEASE. An emerging NFT company, The Crypto Card Club, has developed an innovative system that aims to recognise and reward investors by merging real-world reward point systems with NFT and Web3 purchases. The groundbreaking service financially rewards holders for their usual NFT spending, attempting to minimise Web3 financial risks and safely help…Read More

Bank of France Governor François Villeroy de Galhau reportedly said that the recent crypto market volatility had been a “wake-up call” for global regulators. Central bank governors and finance ministers from the Group of Seven, or G7, are reportedly planning to discuss the regulation of cryptocurrencies.According to a Tuesday report from Reuters, Bank of France…Read More

Ethereum network fees have dropped a great deal this week, sliding under $10 per transaction to levels not seen since March 10, 2022. On May 17, the average ethereum transfer fee is 0.0027 ether or $5.68 per transaction. The cheaper fees on layer one (L1) have made it so layer two (L2) fees have been…Read More

Global crypto markets are up over 2% during Tuesday’s session, with AAVE and AVAX two of the biggest tokens to rise. Both of these cryptocurrencies rebounded from losses during yesterday’s session, with AAVE trading as much 10% higher. Aave (AAVE) AAVE rebounded during Tuesday’s trading session, as bulls returned to action after a recent…Read More

The new Cointelegraph Research Terminal brings reports, expert analysis and comprehensive database access — all in one convenient package. Cointelegraph — one of the oldest crypto media companies, founded in 2013 — has launched the Cointelegraph Research Terminal. The Research Terminal will be a convenient one-stop location to find past industry analysis, premium research reports…Read More

League of Kingdoms offers players a chance to not just rule their kingdom but own it in the form of an NFT. With the development of gaming platforms, virtual items have also become a popular method of monetization, but most games store data on private servers, giving gamers a reason to doubt their reliability and…Read More

India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country.” RBI’s Crypto Warnings and Dollarization of Economy The Reserve…Read More

Here is why the archipelago of Madeira is “adopting” Bitcoin and how its president fell down the BTC rabbit hole. The tiny Portuguese archipelago of Madeira has “adopted” Bitcoin (BTC) — but what does that mean? The announcement, made during the Bitcoin 2022 conference in Miami, has spurned confusion and misinformation.Miguel Albuquerque, the president of…Read More

The platform is exploring the possibilities to “improve artists’ and fan experiences,” surveying its users. Major music streaming platform Spotify is reportedly testing the option to include nonfungible token (NFT) galleries on musicians’ profiles. Should the trial succeed, the embedding of NFTs would serve to improve artist and fan experiences.Reports surfaced on Friday that Spotify is…Read More

This suite of tools is designed for developers to build products and services in the DeFi, GameFi and NFT spaces. As the world accelerates towards a decentralized future, Fireblocks, a digital assets custody platform, announced the launch of their new Web3 Engine to help foster the development of the Web3 ecosystem.The company announced on Tuesday…Read More

Rep. Yoon Chang-Hyeon noted that Korean exchanges each reacted differently to the crash and he wanted to invite both Do Kwon and the exchanges involved to learn more details. The dramatic fall of Terra (LUNA) along with the algorithmic stablecoin UST has been a major talking point among the crypto industry. And now the South…Read More

Founded in 2014, BitMEX is one of the world’s oldest crypto trading platforms, but it has never offered spot crypto trading till now. Global crypto derivatives exchange BitMEX is expanding its platform beyond just derivatives by finally launching a spot crypto trading platform.BitMEX officially announced on May 17 that its spot crypto exchange, the BitMEX…Read More

The public advisory warned private firms to do their due diligence before hiring freelance workers, as North Koreans often use illicit tactics and stolen identities to hide their nationality. The United States Department of Justice, State and the Treasury issued a joint advisery warning against the influx of North Korean workers in various freelance tech…Read More

Buying and selling crypto on a P2P marketplace does not feature charts or market indications, unlike traditional exchanges. What is peer-to-peer (P2P) trading?Peer-to-peer (P2P) trading is a type of cryptocurrency exchange method that allows traders to trade directly with one another without the need for a centralized third party to facilitate the transactions. Unlike traditional…Read More

El Salvador welcomed 44 central bankers from developing countries around the world to tackle financial inclusion and discuss Bitcoin at a three-day conference. This week, 44 central bankers from developing countries around the world are attending a conference in El Salvador to discuss financial inclusion, financing for small and medium-sized businesses and Bitcoin (BTC). Central bank…Read More

The CRS described the TerraUSD crash as a “run-like” scenario where holders started to doubt the reserves that back the dollar peg. The Congressional Research Service (CRS), a legislative agency that supports the United States Congress, has published a document that contains a rundown on algorithmic stablecoins and points out key factors to look at…Read More

According to Pocket Network, the latest integration with NEAR allows native developers to deploy their applications on other supported blockchains, including Ethereum, Solana, Polygon and more. Pocket Network, a relay infrastructure middleware protocol, announced a service integration to improve the network bandwidth of NEAR blockchain while enabling faster deployment times for Web3 developers.According to Pocket…Read More

Janet Yellen calls on lawmakers to develop a consistent federal framework for stablecoins, Hester Peirce urges to allow room for failure and more. This week will be remembered as the one when the stablecoins showed an unexpected ability to depeg. Terra’s TerraUSD (UST) dropped to a shocking $0.29 following the general meltdown of both crypto…Read More

Deja-vu for BTC versus market sentiment as conditions mimic the weeks after the March 2020 COVID-19 crash. Bitcoin (BTC) returned to $30,500 on May 17 amid hopes that a retest of 2017 highs could be avoided.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$20,000 retest ‘highly unlikely’Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing after…Read More

China still hosts 21% of the total global Bitcoin hash rate after the local government banned all crypto operations in the country last year. The Chinese government has not managed to take down cryptocurrency operations as part of its crypto ban last year as China has re-emerged as one of the world’s largest Bitcoin (BTC)…Read More