“If you move too quickly … everybody loses their money,” says Hoskinson, who will speak at Consensus 2022 next month. Source
Cardano’s Hoskinson: Luna Collapse Shows Need to Go Slow in Crypto
Day: May 27, 2022
**Bull Run Starts In May 2022** – Raoul Pal Biggest Bitcoin Prediction
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One River’s Carbon Neutral Bitcoin ETF Rejected by SEC
One River’s initial application faced a delay in March. Source
Bitcoin Faces Resistance at $33K; Support at $22K-$25K
There is growing risk of additional breakdowns in price because of negative momentum readings based on weekly and monthly price data. If a volatile down move occurs, initial support is seen at $25,000, which is around the May 9 price low. There is additional support at the 200-week moving average, currently at $22,061, which could stabilize price action. Source 22K25K33KBitcoinFacesResistanceSupport CryptoX Portal
‘Now it’s time to buy more,’ reveals Deputy Dania Gonzalez
Dania Gonzalez, Deputy of the Republic of El Salvador, was recently in Brazil to reveal her country’s experiences with the decision to adopt Bitcoin (BTC) as legal tender. Gonzalez’s invitation to Brazil came from digital influencer Rodrix Digital, who was recently in El Salvador to produce a documentary about cryptocurrencies. Among the lawmaker’s activities in Brazil was attending Bitconf 2022 and meeting with Dape Capital CEO Daniele Abdo Philippi and Ana Élle, CEO of Agency ROE. Between her agendas, Gonzalez spoke with Cointelegraph and revealed how Bitcoin has helped to…
UK Crypto Hedge Fund Weathers Market Storm With Arbitrage Strategy
Typical market-neutral equity arbitrage funds tend to post around 8% annualized returns, according to Crachilov, who previously worked at Goldman Sachs and JPMorgan. He thinks crypto-focused funds can beat that figure near term, citing greater market dislocations. In the longer term as crypto markets become more efficient, Crachilov is guiding his clients to similar returns, in the 8%-10% range. Last year, Nickel’s arbitrage fund posted 15% returns. Source
Bulgarian Crypto Trader Disappears Under Mysterious Circumstances – Bitcoin News
The whereabouts of Alexander Altunbashev, a Bulgarian entrepreneur and crypto trader, are unknown since Monday. Law enforcement officials are now investigating his possible abduction while some in the local crypto community speculate he might be hiding from disgruntled investors. Bulgarian Authorities Investigate Possible Kidnapping of Alleged Crypto Millionaire Police in Bulgaria are trying to locate a businessman who went missing under strange circumstances earlier this week. The 32-year-old Alexander Altunbashev is an IT specialist and entrepreneur who, according to media reports, made money from crypto trading. Prosecutors in Sofia are…
Nansen Research Debunks Single 'Attacker' Myth in Terra's Collapse
The TerraUSD stablecoin collapsed for one reason: big holders didn’t trust it. Source
Three Arrows Co-Founder Su Zhu Admits His Bitcoin Supercycle Price Thesis Was Regrettably Wrong
Summary: Su Zhu has admitted via Twitter that his Bitcoin supercycle thesis ‘was regrettably wrong.’ Mr. Zhu’s Bitcoin supercycle thesis had forecasted that BTC could reach $2.5 million if it took a large portion of Gold’s market share. The co-founder of Three Arrows Capital, Su Zhu, has admitted via Twitter that his Bitcoin supercycle price thesis was regrettably wrong. In the tweet that can be found below, Mr. Zhu went on to express optimism that the crypto industry will still ‘thrive and change the world every day.’ Supercycle price thesis…
WEMIX gains 200%+ after stablecoin and boosted staking rewards announcement
Blockchain-based gaming, also known as GameFi, is an up-and-coming sector that could potentially be one of the primary catalysts for kickstarting the mass adoption of blockchain technology. WEMIX, a gaming protocol that operates on the Klaytn network, aims to get in on the GameFi revolution and this week, the project’s native token (WEMIX) rallied even as the wider market continued to sell-off. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $1.27 on May 12, WEMIX price climbed 269% to hit a daily high at…