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” ‘Yikes!’ Elon Musk warns users against latest deepfake crypto scam “ Tesla CEO Elon Musk distanced himself from yet another fabricated video promoting a cryptocurrency scam. Originally shared on Twitter, the video in question was a deepfake of Musk purportedly promoting a cryptocurrency platform boasting 30% returns on crypto deposits. Scammers made use of…
” Polkadot parachains spike after the launch of a $250M aUSD stablecoin fund “ Crypto prices have been exploring new lows for weeks and currently it’s unclear what it will take to reverse the trend. Despite the downtrend, cryptocurrencies within the Polkadot ecosystem began to rally on May 24 and have managed to maintain gains…
” Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades “ Brazil’s Federal Reserve (RFB) has declared that Brazilian investors in the crypto-asset market must pay income tax on transactions that involve the like-kind exchange of cryptocurrencies; for example, Bitcoin (BTC) for Ethereum (ETH). The RFB’s declaration was published in the…
” Price analysis 5/25: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB “ Bitcoin (BTC) has been struggling to sustain above $30,800 since May 16, suggesting that demand dries up at higher levels. Similarly, U.S. equity markets have not ceased to decline due to uncertainty regarding the number of rate hikes that will…
” Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil “ Even though crypto markets appear to be on a long, arduous path ahead based on recent weeks of token turmoil, venture investors looking to get their hands on a Web3 future aren’t slowing down. On Wednesday, venture capital giant, A16Z, announced closing its…
” Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote “ The Korean Financial Supervisory Service (FSS) has announced that it will be standardizing the way in which virtual asset risk is assessed. According to a local news report, this is because it is currently tough to safeguard investors due to the…
” Exchanges show initial support to Terra revival by listing new LUNA token “ Crypto trading platforms show initial signs of support for the revival of the collapsed Terra network by listing Terra’s brand new token, also named LUNA. The HitBTC exchange took to Twitter on Wednesday to announce that Terra’s new chain token Luna…
” Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates “ As economic conditions continue to worsen, financial experts worldwide are increasingly placing the blame at the feet of the Federal Reserve after the central bank was slow to respond to rising inflation early on. Financial markets are…
” Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price “ Solana price has begun to consolidate in a tightening range and if the wider market remains stable, it’s possible that SOL could break out in the short-term. SOL’s upside potential in the short-term could be significant with the move itself…
” Crypto funds under management drop to a low not seen since July 2021 “ Digital asset investment products saw $141 million in outflows during the week ending on May 20, a move which reduced the total assets under management (AUM) by institutional funds down to $38 billion, the lowest level since July 2021. According…