The crypto price charts are reflecting recoveries for Bitcoin and majority other altcoins. Along with Ether, Binance Coin, and Ripple, even Dogecoin and Shiba Inu saw profits today. A few cryptocurrencies such as USD Coin and Binance USD saw gains, but very minor.
BTC Exceeds $30,000 in Value as Overall Crypto Price Chart Reflect Gains for Most Cryptocurrencies
Russia Legalising Bitcoin for Payments Only a Matter of Time, Says Minister of Industry and Trade
The legalisation of Bitcoin and other cryptocurrencies as a means of payment in Russia is only a matter of time, according to the Russian minister of industry and trade, Denis Manturov.
Coinbase Creates ‘Crypto Native Think Tank’, Aims to Participate in Shaping Policies
Coinbase has created a think tank that will be dedicated to the research around crypto policies. This research wing is called the ‘Coinbase Institute Advisory Board’. Academics involved with the law and finance departments of top universities like Harvard, MIT, Duke, and John Hopkins universities of the US will be part of this committee.
Metaverse, Web3 Gaming Sector Bags $600 Million Funding from Andreessen Horowitz
Andreessen Horowitz has decided to economically fuel the metaverse and gaming sector. The venture capital firm has pledged a fund of $600 million (roughly Rs. 4,661 crore) in the sector. The name of this fund pool is ‘Games Fund One’ and it will focus on uplifting game studios and gaming infrastructures providers.
Bitcoin Crash Leaves El Salvador With No Easy Exit From Worsening Crisis: Report
El Salvador’s big bet on Bitcoin, which the Central American nation has been buying since September, has soured in recent weeks as a cryptocurrency rout shaved over a third of the value of the government’s holdings.
Axie Infinity’s Discord Bot Targetted by Hackers: Here’s What You Need to Know
Axie Infinity took to Twitter to inform users about a new hacking attempt concerning its discord bot MEE6. The team further announced that its Discord bot was manipulated by hackers to issue fake mint announcements, adding that the users should be wary of any such messages if they open their Discord account.
Meta Hints at Launching Crypto-Supported Payments Platform, Files for Five Patents
Meta is exploring new operational avenues in the Web3 space. The parent company of Facebook has filed for fresh patents that includes its plans to launch ‘Meta Pay’. The company could be looking to bring a crypto-backed payments platform, the filings suggest.
Jack Dorsey Calls BTC ‘Open Standard for Global Money Transmission’, Outlines Plans for ‘Block’
Jack Dorsey continues to rely on the potential of Bitcoin, despite the ongoing rough days for the crypto asset. He aims to integrate more Bitcoin-focussed services to his fintech platform ‘Block’ as he predicts BTC to become the native currency of the Internet in the coming days.
Bitcoin Falls to $29,000 Territory While Ether, Altcoins Plunge Again Due to More Risk Aversion
After crashing severely in early May and throughout April 2022, Bitcoin did show some hope to investors last week by consolidating around $30,000 (roughly Rs. 23.5 lakh) levels. However, on Wednesday, May 18, Bitcoin prices once again slipped under $29,000 (roughly Rs. 22.5 lakh) following a strong correction in the US equity market.
Getty Images to Launch NFT Marketplace in Collaboration With Candy Digital
Online image gallery Getty Images announced it will launch a non-fungible token (NFT) marketplace and debut digital collectibles on the Ethereum Virtual Machine-based Palm sidechain.