Cryptocurrency News

The star-crossed project had been in discussions with investment bankers to sell its key assets and return money to investors.

The exchange’s stated mission of listing “every” allowable crypto is taking a major step forward with plans to list Solana’s answer to the ERC-20.

South Korea’s oldest private art museum will be auctioning two sculptures designated as “national treasures” by the South Korean government, and two decentralized autonomous organizations (DAOs) will be among the bidders on Thursday.

The Animoca Brands subsidiary has committed to invest $250,000 in up to 40 metaverse projects each year over the next three years.

Good morning. Here’s what’s happening:Market moves: Bitcoin gave up early gains after Powell’s hawkish comments.Technician’s take: Long-term momentum remains weak and BTC is at a critical point.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $36,826 -0.3%Ether (ETH): $2,470 +0.7%Top Gainers Asset Ticker Returns Sector Polygon MATIC +5.5% Smart Contract Platform Dogecoin DOGE +5.1% Currency Solana SOL +3.0% Smart Contract Platform Top Losers Asset Ticker Returns Sector Cosmos ATOM −5.8% Smart Contract Platform Internet Computer ICP −2.9% Computing Stellar XLM −1.0% Smart Contract Platform MarketsS&P 500: 4,349 -0.1%DJIA: 34,168 -0.3%Nasdaq: 13,542 +.02%Gold:…

The electric car maker did not buy or sell any of the bitcoin held on its balance sheet, nor did it record any impairments.

Bitcoin (BTC) gave up recent gains shortly after the Fed signaled an upcoming rate hike on Wednesday. Option positioning is mixed, which points to higher market volatility, especially over the next two months.

The IMF is pushing El Salvador to drop BTC as legal tender.

Sapphire and Tiger Global led the latest round, which follows a $155 million Series B last September.

The agency looking into Celsius Network, Gemini Trust and Voyager Digital, as part of a wider probe.

  Bitcoin price attempted a close above the USD 38,000 resistance zone. BTC failed to gain strength after the Fed statements, resulting in a fresh decline below the USD 37,000 level. It is currently (04:17 UTC) trading below USD 36,000 and showing bearish signs. Similarly, most major altcoins started a fresh decline. ETH topped near USD 2,720 and declined below USD 2,400. XRP failed to stay above USD 0.65 and declined below USD 0.60. ADA is struggling to stay above USD 1.00…. Read More: Bitcoin and Ethereum Extend Post-Fed Decline, Altcoins Trim Gains

  James Butterfill is Investment Strategist at major European digital asset investment firm CoinShares.____… Read More: Have We Reached Peak NFT Hype?

  The Bitcoin (BTC) network’s hashrate – or computing power that goes into mining new coins – could reach 327 EH/s by the end of the year, a research note from the crypto-focused financial services firm BitOoda has predicted, after the firm cut an earlier forecast for the year…. Read More: Analysts See Slower Bitcoin Hashrate Growth in 2022 Amid Market Correction

  With inflation well above 2% and a strong labor market, the US Federal Reserve (Fed) said it expects it will soon be appropriate to raise the target range for the federal funds rate. The Fed also decided to continue to reduce the monthly pace of its net asset purchases, bringing them to an end in early March. … Read More: Bitcoin, Ethereum, Stocks Drop as Fed Confirms Tapering Schedule

  Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Five Star Bank Goes Bitcoin, Picasso NFTs, Binance Unfreezes SEPA Deposits + More News

  Recent talk of a ban on crypto in Russia may be premature – particularly after the nation’s President Vladimir Putin appeared to talk up the country’s crypto capabilities. And with the United States threatening to sanction the Russian leader over heightened tensions on the Ukrainian border, Putin may be keeping his options open…. Read More: Putin Talks up Russia’s Crypto Credentials as Ukraine Tension Mount

  Money laundering in crypto continued to rise between 2020 and 2021, although the illicit activity still remains below its all-time high from 2019. However, the takedown of two major illegal services in the past year may have made the activity less concentrated, blockchain intelligence firm Chainalysis said in a new report. Overall, Chainalysis said that USD 8.6bn worth of cryptoassets was laundered in 2021, a 30% increase from USD 6.6bn the year before…. Read More: Crypto-Based Money Laundering Still on the Rise, DeFi Gets Bigger Role

  Ark Investment Management, the fund led by the well-known technology investor Cathie Wood, has revealed just how bullish they are on bitcoin (BTC), ethereum (ETH), and Web3 more broadly — while laying out their case for how BTC could reach a price of more than USD 1m in the next decade…. Read More: This is What’s Backing Ark’s Big Bitcoin, Ethereum and Web 3 Forecasts

  Microsoft is aiming to benefit from the rapid spread of hybrid work, looking to extend its presence within the social connection-focused virtual world to companies whose employees are working remotely. The company also seems determined to use its forthcoming acquisition of game developer Activision Blizzard to boost its metaverse assets…. Read More: Microsoft Looks To Hybrid Work, Gaming To Boost Its Metaverse Coverage

  Bitcoin price is showing a few positive signs above the USD 37,000. BTC even climbed above USD 37,500 and is currently (11:30 UTC) eyeing an upside break. A close above USD 38,000 might start a wave towards the USD 40,000 level. Similarly, most major altcoins are slowly rising. ETH was able to clear the USD 2,500 resistance level. XRP could gain pace if it clears USD 0.650. ADA could attempt a break above USD 1.08. Total market capitalization… Read More: Bitcoin and Ethereum in Slow and Steady Increase