Crypto News
The UK Plans to Regulate the Stablecoins Following The Terra (LUNA) Collapse
The British Treasury has declared about regulating the stablecoins after experiencing the collapse of TerraUSD(UST) and terra (LUNA). The HM Treasury, UK Treasury Department by acting on this has planned to regulate the stablecoin payment despite the crypto market meltdown, reported on Saturday, last week.
coinpedia.org
Crypto capital gains one of four key areas for Australian Tax Office
The Australian Taxation Office (ATO) has outlined crypto capital gains as one of four key areas of focus in 2022.
cointelegraph.com
Ethereum Founder Says A Terra Bailout Should Target These Holders
Ethereum founder Vitalik Buterin said on Sunday that any attempts by Terra to repay its holders should be deployed towards the most vulnerable of its holders.
coingape.com
Square Enix plans to issue tokens and invest heavily in Web3 gaming
Gaming giant Square Enix has revealed in its Q1 earnings report that it will expand nonfungible tokens (NFT) into more game products as part of its medium-term business strategy in 2022.
cointelegraph.com
LUNA drops 30% after buying volume dumps
LUNA price analysis for May 16, 2022, comes on a bearish note for the coin with increased chances of crashing further. In the last 24 hours, we have seen the token drop more than 30% and it seems that there are chances of breaking lower if the bulls don’t take over. It was also noted in our LUNA price analysis for May 15, 2022, that the token was unable to push higher as it reclaimed the $2 billion market cap. Additionally, we can expect higher prices if the burning of additional tokens takes place in the near future.
thecoinrise.com
Bitcoin once again above $30K: Will BTC hold here?
Bitcoin price analysis for May 16, 2022, comes on a bullish note for the world’s biggest cryptocurrency as we have seen a price surge of over 2% in the last 24 hours. It seems that the market bulls want to take over the price action once again but the bears continue to push for a further downtrend, resulting in a sluggish movement for the coin. As noted in our BTC price analysis for May 15, 2022, BTC is more than 50% low from its all-time high and dropped to $28K which is currently major support for the coin.
thecoinrise.com
Utility tokens vs. equity tokens: Key differences explained
Although crypto coins and tokens fall under the broader umbrella of cryptocurrencies, subtle technical differences between the two make each unique and warrant that investors understand these variances.
cointelegraph.com
Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD
Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, the Tron DAO Reserve has continued to purchase large quantities of digital assets to bolster the project’s reserves. In addition to the tron purchases, the organization has been adding stablecoins and bitcoin into the mix as well.
bitcoin.com