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The Latest Breaking News from Crypto

Critics see risk in ‘algorithmic’ stablecoins

WASHINGTON — A new type of digital asset called an algorithmic stablecoin is gaining steam among crypto-enthusiasts — and drawing steam among critics, who warn its risks are in plain sight.

Tribune News Service

Washington Warming To Crypto? Coinbase's Brian Armstrong Says Over 50% Of People In D.C. Are 'Pro Crypto' Now

Policymakers may be slowly and steadily warming to the concept of cryptocurrencies and its adoption, according to Coinbase Global, Inc. (NASDAQ: COIN) co-founder and chief executive officer Brian Armstrong.

Benzinga

Argentina's Top Two Banks To Facilitate Crypto Purchases By Customers

Argentina's largest bank Banco Galicia and its fastest-growing challenger, digital bank Brubank, both decided to start allowing their customers to acquire cryptocurrencies such as Bitcoin (CRYPTO: BTC).

Benzinga

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Want To Buy Crypto? Check Out The Top Movers For Today

After pulling data from Benzinga Pro the following is the list of top crypto gainers and losers at the time of publication:

Benzinga

Morning Brief: Top Financial Stories Dominating on Tuesday, May 3

Bloomberg

Benzinga

How Do Bitcoin Miners Generate Cash Without Selling Crypto Holdings?

Bitcoin (CRYPTO: BTC) miners have embraced new strategies to finance operations without selling any of their crypto holdings.

Benzinga

Crypto.com Restarts Card Rewards After Community Backlash And Cronos (CRO) Crash

Crypto.com has opted to reverse its decision to slash card staking entirely after backlash from the cryptocurrency community. What Happened: On Monday, Singapore-based cryptocurrency exchange Crypto.com said it would reduce the rewards on its visa-based cards.

Benzinga

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Venture Capitalists Exhibit FOMO, Invest in Growing Crypto Universe

Venture capital investment in crypto projects reached a record $10 billion globally in the first quarter of 2022, Reuters reports.

Benzinga

Mode looks to reset with launch of bitcoin cashback

Crypto fintech business Mode has sought to reset its business with the launch of a new bitcoin cashback scheme, months after an embarrassing climbdown that led to the exit of its CEO.

Evening Standard

SEC Hires 20 Crypto Experts To Crack Down On Fraud

The United States Securities and Exchange Commission is in the process of hiring 20 cryptocurrency experts for its enforcement units to better confront the illegal activities conducted with the use of digital assets such as Bitcoin (CRYPTO: BTC).

Benzinga

Ken Griffin 'Still Waiting' For Crypto To Make World Better But Says Citadel Will Be 'More Involved'

Ken Griffin, the billionaire founder of Citadel Securities, is still skeptical about cryptocurrency.

Benzinga

With The ETH Merge Just Around The Corner, Should You Buy The Dip?

Despite the aggregate crypto market’s relatively sluggish start to 2022, Ethereum’s (CRYPTO: ETH) on-chain metrics look incredibly good. The utility and adoption of Ethereum have picked up the pace over the past few months, with rising capital inflow and on-chain activity.

Benzinga

A new kind of 'mining' has arrived in the Ohio Valley. What will crypto mean for the region?

But Blockware Mining isn’t alone in Kentucky. As the technology takes off, a cryptocurrency mining boom is taking place in the state that’s known for mining coal. It’s a burgeoning industry that investors see as a cutting-edge economic opportunity. But critics say it’s compounding the world’s preeminent crisis – climate…

WEKU

Enjin Coin, Synthetix Network Token Among Top Crypto Movers In 24H

According to Benzinga Pro, the following are the crypto gainers and losers at the time of publication:

Benzinga

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Benzinga

Dogecoin Consolidates Weekend Flush: Can The Crypto Run Higher Or Is More Downside Imminent?

Dogecoin (CRYPTO: DOGE) was trading over 3% lower on Monday, in continued consolidation after a 5.5% decline on Saturday, which Benzinga called out

Benzinga

Why Coinbase Stock Could Be Headed For A Big Reversal, And How To Trade The Break

Coinbase Global, Inc (NASDAQ: COIN) popped up 7% higher on Monday. The crypto trading platform has been trading under a descending trendline in a steep downtrend since March 30, plunging over 40% since that date to Monday’s all-time low at the $111.80 level.

Benzinga

Anonymous Crypto Wallet Moves $25M Worth Of Ethereum Onto Binance

What happened: An anonymous cryptocurrency wallet holding $25,069,660 of Ethereum (CRYPTO: ETH) just transferred their funds onto Binance. The Ethereum wallet address tied to this transfer has been identified as: 0xf3e36ad56aa85abdacc18c02d19509ae4f7d5899.

Benzinga

Bitcoin Whale Just Transferred $58M Worth of BTC Onto Coinbase

What happened: An anonymous cryptocurrency wallet holding $58,271,015 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ

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Benzinga

Bitcoin Whale Moves 3,282 BTC Off Gemini

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $130,640,089 worth of Bitcoin off Gemini. The BTC address associated with this transaction has been identified as: 3MmBnuq1K4FjWjViZbuDwSWkH6bL8MmcAC.

Benzinga

Someone Just Sent 7,000 Bitcoin Onto Gemini

What happened: An anonymous cryptocurrency wallet holding $269,904,865 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Gemini. The bitcoin wallet address tied to this transfer has been identified as: 3Kzh9qAqVWQhEsfQz7zEQL1EuSx5tyNLNS

Tribune News Service

How Fed rate hikes could impact stocks, crypto and other investments

The Federal Reserve is set to raise interest rates at its May meeting after it hiked rates for the first time since 2018 in March. The nation’s central bank is expected to lift the benchmark Fed funds rate by 0.5 percent, according to the CME FedWatch Tool.

Benzinga

Want To Buy Crypto? Check Out The Top Movers For Today

After pulling data from Benzinga Pro the following is the list of top crypto gainers and losers at the time of publication:

Benzinga

'Just Say No' To Putting Bitcoin In Retirement Account: Charlie Munger And Warren Buffett Still Not Fans Of Crypto

An audience question at the Berkshire Hathaway Inc (NYSE: BRK-A)(NYSE: BRK-B) annual shareholder meeting on Saturday that wasn’t even about Bitcoin still prompted a crypto related response from Charlie Munger.

Benzinga

Shiba Inu Community to Get Ownership Stake In Fast-Food Joint Welly

According to a recent tweet shared by SHIB-themed fast-food restaurant Welly (located in Naples, Italy), the Shiba Inu (CRYPTO: SHIB) community will now have a 15% ownership stake in its business.

Benzinga

Swiss National Bank Could Arrange To Buy Bitcoin, But Chairman Says Not Yet

Swiss National Bank Chairman Thomas Jordan noted that Bitcoin (CRYPTO: BTC) does not currently meet the requirements of its currency reserves, but if the conditions are met, the institution could arrange for its acquisition quickly.

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