Crypto News
Wikimedia Foundation pulls the plug on crypto-donations after ‘feedback’
The Wikimedia Foundation, the non-profit that funds Wikipedia, is in the news today after it announced that it will be shutting down its BitPay account. In doing so, it will also not accept cryptocurrency donations going forward. This decision was made following community feedback, specifically, feedback on a 10 January proposal that called for the same.
ambcrypto.com
Cardano Holders Are Rapidly Dumping ADA Price Disappoints investors
Cardano holders with a supply of 10 million or more ADA have observed a rapid increase. Within the previous two weeks, the number of addresses in this cohort has increased by 12, implying that this group of investors has now added at least 120 million ADA to its holdings.
coinpedia.org
Are Altcoins Prone For Massive Correction This Week Amid Interest Rate Hikes
Bitcoin has dropped to its lowest price point since early March, causing the crypto market valuation to drop by $130 billion in two days. Bitcoin is still struggling to break through the $40,000 barrier, having failed to do so over the weekend.
coinpedia.org
Samsung Group Investment Arm to List Blockchain ETF on Hong Kong Exchange
Samsung Group’s investment arm is reportedly set to list a blockchain exchange-traded fund (ETF) on the Hong Kong Exchange during the first half of this year. The ETF will have a structure which is similar to that of BLOK, one of Amplify Holdings’s ETF products.
bitcoin.com
Solana suffers 7th outage in 2022 as bots invade the network
The Solana (SOL) network suffered a seven-hour outage overnight between April 30 and May 1 due to a large number of transactions from nonfungible token (NFT) minting bots.
cointelegraph.com
Bored Ape Metaverse Project Raises $320 Million, Majorly Disrupts the Ethereum Network
Yuga Labs, the creator of the popular Bored Apes Yacht Club collection of NFTs, is calling the shots with its new Metaverse project. The company recently concluded the sale of virtual land raising a staggering $320 million in its largest offering to date.
coingape.com
Elon Musk, Mark Cuban Discuss Using Dogecoin to Solve Twitter Spam Problem
Shark Tank star Mark Cuban has come up with a way to solve Twitter’s spam problem using the meme cryptocurrency dogecoin (DOGE). Tesla and Spacex CEO Elon Musk agrees that it is “not a bad idea.” Twitter recently accepted Musk’s buyout offer.
bitcoin.com