Day: June 1, 2022

Crypto Analyst Says Cardano, Avalanche and Two Others Have Potential

As the crypto market started recovering after Bitcoin experienced nine red weeks, some crypto projects have recorded incredible performance. That highlights their strength in a downtrend. Crypto analyst, Austin Arnold, expressed to his Youtube community what aspects they need to consider while choosing a project to invest in a bearish market. And identified four crypto assets could perform very well in the future. Related Reading | Cardano’s (ADA) Bulls Resurface, What Are The Next Target Levels? Austin, an expert crypto trader and co-host of Altcoin Daily, told his 1.23 million…

Shiba Inu Community Shocked as Founder Disappears From Social Media Without Notice

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Monday was a surprising day for all Shiba Inu followers as the founder of the popular dog-themed memecoin, Ryoshi, deleted all his tweets and posts. Nobody knew what prompted this action as the Shiba Inu community was left wondering with different speculations. Ryoshi, the pseudonymous founder of Shiba Inu, removed all Shiba Inu-related blogs, including the original version of “All Hail the Shiba.” He also removed all four SHIB blogs from Medium as the page now displays an error message, “410, User deactivated or deleted their account.” Ryoshi’s disappearance has…

Here are 3 altcoins that could surge once Bitcoin flips $35K to support

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Bitcoin (BTC) and the wider cryptocurrency market are taking a breather after the rally on May 31. Meanwhile, most altcoins remain severely oversold, with most between 70% and 90% below their all-time highs.  Total altcoin index capitalization What is clear is that fear is everywhere and blood is in the water. Risk-on markets are suffering worldwide, but it is exactly these kinds of conditions that create opportunities where professional money accumulates and adds to positions. Let’s take a look at three altcoins that could be positioned for a rebound if…

Solana Halts Block Production, Validators Told to Prep for a Restart, Network’s Decentralization Criticized – News Bitcoin News

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On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. According to the Solana status update, validator operators are being asked to prepare for a restart. Solana Continues to Be Plagued by Outages, SOL Downtime Denounced by the Crypto Community The blockchain network Solana (SOL) is down again as the network has been halted by the development team. The Twitter account Solana Status (@solanastatus) tweeted about the incident on Wednesday at 12:56 p.m. (ET)…

NY Fed president urges colleagues to prepare for coming digital payment transformation

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Get ready for a fundamental change in money and payments, John Williams, president and CEO of the Federal Reserve Bank of New York, told central bank officials, academics and financial industry leaders from around the world on Wednesday. Williams delivered the opening remarks at an invitation-only workshop on monetary policy implementation co-hosted by the New York Fed and Columbia University. The central banker dismissed much of the digital asset space with a single-sentence observation that not all cryptocurrencies are backed by non-crypto assets. Central bank digital currencies (CBDCs) and stablecoins…

Digital Asset Tokenization Trial Begins in Singapore

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Singapore has begun to implement a digital asset tokenization trial project that will help to explore all the possible use cases of Blockchain technology in the local finance system of Singapore. As well, the project aims to explore the possibility of making the city-state a major center for decentralized finance. Several exchanges have stopped operations in Singapore as a result of the increase in regulatory pressure. While some are trying to comply, operation license approval has been very slow. Bloomberg, however, reported that Singapore has kickstarted digital asset tokenization projects,…

Bitcoin Declines, Resisting Seasonal Norm; Altcoins Mixed

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●Bitcoin (BTC): $30,115, −4.76% ●Ether (ETH): $1,820, −5.83% ●S&P 500 daily close: 4,101, −0.75% ●Gold: $1,851 per troy ounce, +0.45% ●Ten-year Treasury yield daily close: 2.93% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Original