Cyprus Drafts Crypto Rules, May Introduce Them Before EU Regulations
Cyprus has prepared its own legislation to regulate crypto assets and is likely to adopt it before Europe finalizes a common regulatory framework, a government official has indicated. The authorities in Nicosia welcome the “careful” use of cryptocurrencies, he added.
Beware, Bitcoin Jumping Back Above $30,000 Could Be A Dead Cat Bounce, Here’s why
After a choppy Thursday, Bitcoin has once again surged over 3.5% moving past $30,000. Yesterday, we reported how it could be a classic case of a bull trap. Today’s bounce back above $30,000 levels could just be a dead cat bounce.
Terra is a DeFi Scam! LUNA/UST Is Emblematic Of All DeFi
On May 9th, 2022, Terra (LUNA) made international headlines after its stable coin, UST lost its peg for the second time in two days. The fear that followed resulted in the Terra ecosystem collapsing on May 10th. Terra has lost 99 percent of its value in just 48 hours.
Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more....
Yield generation app Stablegains is facing a lawsuit after losing around $44 million worth of user funds in the Terra collapse when it previously said it allocated funds “across a number of stablecoins”.
Terra Ecosystem Announces Some Key Amendments to Its Revival Plan
After the recent collapse, the Terra ecosystems has been working on a revival plan. A majority of the Terra community members have voted in favor of a hardfork.
Microstrategy CEO Expects Bitcoin to 'Go Into the Millions' Despite Crypto Market Sell-Off
Microstrategy’s CEO has predicted that bitcoin is “going to go into the millions” despite the recent cryptocurrency market sell-off. Noting that the cryptocurrency is the future of money, he said: “We are in it for the long term.”
Zcash [ZEC]: Breaking down the potential effects of the current bearish structure
As the basis line (green) of the Bollinger Bands (BB) constricted the revival attempts for nearly seven weeks, Zcash [ZEC] bears pulled the altcoin down to yearly lows last week. The basis line has crippled the buyers’ ability to sustain a close near the upper band of the BB.
Bitcoin, Ethereum, Dogecoin and Two Additional Altcoins Are the Most Decentralized Crypto Assets: Coin Bureau
“There are five layers of decentralization in cryptocurrency: the developer layer, the coin or token layer, the infrastructure layer, the blockchain layer and the external layer. I’ll start by saying that there’s no crypto project that scores perfectly on all five criteria but the top spot seems to belong to Bitcoin.