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TERRA’S DO KWON⚡️HESTER PEIRCE LASHED⚡️THE METAVERSE WILL⚡️DAILY CRYPTO NEWS
⭕️ Hello and welcome to ?DAILY CRYPTO NEWS?, a daily cryptocurrency news channel .We consider the most important and interesting news of the crypto world, which will be of interest to both beginners and experienced investors.:
?Please LIKE, COMMENT, and SUBSCRIBE for more!?
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⛔️ DISCLAIMER: The information in this video is provided for educational and entertainment purposes only. Any financial and investment risks you take only on yourself. For investment advice, seek advice from financial/investment advisor(s) and conduct your own due diligence.
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⭕️Most of my crypto portfolio is Bitcoin, then Ethereum, but I hold many cryptocurrencies, possibly ones discussed in this video.
⭕️Coins I hold or will hold more than $1k worth (in no particular order): BTC, ETH, ADA, SOL, DOT, AVAX, EGLD, MINA, SUPER, FEAR, CELL, DON, VPP, XCAD, RUNE, XDEFI, OPUL, LINK, RFOX, INJ, XPLOT, REALM, NIF, VPAD, SENATE, SIDUS, FORM, DON, CELL, BICO, SIS, MATIC, IMX, METIS, BNB, MANA, SAND, THETA, TFUEL,
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Terra’s Do Kwon Shares Thoughts Amid Crypto Market Bloodbath. Founder and CEO at Terra Ecosystem – Do Kwon – posted for the first time in the past week following a massive market downturn where major cryptocurrencies are all down double-digits. Kwon is the man behind the multi-billion dollar project that was run to $0 because of an algorithmic exploit that enabled traders to literally run LUNA’s price to zero in a matter of days. He argued that “the last month for crypto has lessons that will power the rise of the next-gen of builders to great heights” – said Kwon.
Hester Peirce Lashed out on the SEC for Delaying the Approval of Spot Bitcoin ETFs. In a speech published on the SEC’s website, she urged the Commission to stop denying spot crypto exchange-traded products. She argued that in the past 13 years, bitcoin has grown into a mature and liquid asset that attracts investors from a wide range of backgrounds. Grayscale – the world’s largest Bitcoin fund has expressed unconcealed interest in launching a bitcoin ETF. Earlier this year, the fund threatened a lawsuit against the SEC if the ETF was disapproved again by the agency.
The Metaverse Will Be Valued at $5 Trilllion by 2030: Report. By 2030, every internet user would spend roughly 6 hours a day on the Metaverse. 50% of live events could be held in a virtual space, and 80% of commerce would be impacted by something consumers do there. E-commerce and virtual advertising are two major sectors that could take advantage of the virtual world. 95% of executives believe the Metaverse could positively impact their industry. Two-thirds of consumers are excited about the potential changes brought by the integrated technology between the virtual and the physical worlds. 31% of all executives are somewhat concerned about the investments in the up-and-coming technology as it is viewed as a fledging and rapidly evolving space.
?Please LIKE, COMMENT, and SUBSCRIBE for more!?
=============================
⛔️ DISCLAIMER: The information in this video is provided for educational and entertainment purposes only. Any financial and investment risks you take only on yourself. For investment advice, seek advice from financial/investment advisor(s) and conduct your own due diligence.
=============================
⭕️Most of my crypto portfolio is Bitcoin, then Ethereum, but I hold many cryptocurrencies, possibly ones discussed in this video.
⭕️Coins I hold or will hold more than $1k worth (in no particular order): BTC, ETH, ADA, SOL, DOT, AVAX, EGLD, MINA, SUPER, FEAR, CELL, DON, VPP, XCAD, RUNE, XDEFI, OPUL, LINK, RFOX, INJ, XPLOT, REALM, NIF, VPAD, SENATE, SIDUS, FORM, DON, CELL, BICO, SIS, MATIC, IMX, METIS, BNB, MANA, SAND, THETA, TFUEL,
❌crypto,crypto news,crypto news today,DAILY CRYPTO NEWS,сrypto news from daily crypto news,сrypto news from,daily crypto news,binance seeks to strengthen,binance,bitcoin,binance exchange,ethereum,bitcoin news,binance seeks,cryptocurrency,binance seeks to,btc,xrp,terra luna,european union cbdc testing,cbdc,eth,cbdc testing,cbdc crypto,eth price,european union,cnbc,cardano,stock market,bitcoin price prediction,stocks,dogecoin news today,altcoin,xrp news
=============================
SUBSCRIBE TO OUR OTHER CHANNELS:
? Twitter: https://twitter.com/DCNmediaUS
? Instagram: https://www.instagram.com/dcn.media/
? Pinterest: https://www.pinterest.com/DCNmedia/
=============================
Terra’s Do Kwon Shares Thoughts Amid Crypto Market Bloodbath. Founder and CEO at Terra Ecosystem – Do Kwon – posted for the first time in the past week following a massive market downturn where major cryptocurrencies are all down double-digits. Kwon is the man behind the multi-billion dollar project that was run to $0 because of an algorithmic exploit that enabled traders to literally run LUNA’s price to zero in a matter of days. He argued that “the last month for crypto has lessons that will power the rise of the next-gen of builders to great heights” – said Kwon.
Hester Peirce Lashed out on the SEC for Delaying the Approval of Spot Bitcoin ETFs. In a speech published on the SEC’s website, she urged the Commission to stop denying spot crypto exchange-traded products. She argued that in the past 13 years, bitcoin has grown into a mature and liquid asset that attracts investors from a wide range of backgrounds. Grayscale – the world’s largest Bitcoin fund has expressed unconcealed interest in launching a bitcoin ETF. Earlier this year, the fund threatened a lawsuit against the SEC if the ETF was disapproved again by the agency.
The Metaverse Will Be Valued at $5 Trilllion by 2030: Report. By 2030, every internet user would spend roughly 6 hours a day on the Metaverse. 50% of live events could be held in a virtual space, and 80% of commerce would be impacted by something consumers do there. E-commerce and virtual advertising are two major sectors that could take advantage of the virtual world. 95% of executives believe the Metaverse could positively impact their industry. Two-thirds of consumers are excited about the potential changes brought by the integrated technology between the virtual and the physical worlds. 31% of all executives are somewhat concerned about the investments in the up-and-coming technology as it is viewed as a fledging and rapidly evolving space.
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UK YouTuber KSI’s $2.8 Million LUNA Investment is Virtually Worthless. On Tuesday, when LUNA was still trading between $25 and $30, KSI revealed that he bought in on the dip and intended to hold it for a long time. He said he purchased 100,000 LUNA, worth around $2.9 million at the time. Less than 48 hours later, the rapper tweeted that he had lost nearly all his investment. KSI revealed that he had been solely focused on making tons of money before crypto became as popular as it is today. He realized that in his pursuit of money, he had neglected and somewhat destroyed the things that mattered the most. After recounting his losses, the rapper seemed rather optimistic.
TCG World Partners With Shark Tank-Backed JPiC to Co-host The Metaverse Expo 2022, Las Vegas. The Metaverse Expo 2022 is a 3-day event held at the Las Vegas Convention Center on 8th – 10th July 2022 that will bring together entrepreneurs, industry experts and crypto enthusiasts in the Metaverse, Gaming and NFT Space. The event is taking place over three days in the renowned Las Vegas convention center and also includes on stage panel discussions, live performances, virtual land giveaways and a chance to network with a range of high value industry professionals. Exhibitors can choose from three different sized booth packages, Diamond (30’x30‘), Platinum (20‘x20’) and Gold (10×10) which also includes 20 free tickets for the team and a speaking slot.
Crypto Price Analysis May-13: Ethereum, Ripple, Cardano, Solana, and Shiba Inu. ETH has recovered above $2,000 and has found good support at $1,900. ETH lost 22% in the past seven days, with the largest selling volume taking place on Thursday. There are signs of optimism that the spike in volume yesterday may indicate a possible reversal in the downtrend. XRP took a nosedive yesterday to a level not seen since February 2021 at $0.336 (Binance) The selloff was sharp, and since then, XRP’s price has recovered to some extent. Overall, it lost 25% in the past seven days. ADA performed the worst in the past seven days, losing 28% of its valuation. Yesterday, its price fell to $0.40 (Binance), where it found support, and now it sits just under the key resistance. The volume spiked yesterday but now seems to decrease, which should lower volatility.
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Binance Suspends Spot LUNA, UST Trading as CZ Outlines Disappointment With Terra’s Actions. TerraForm Labs CEO says he was “very disappointed” with how the team handled the situation. LUNA's supply of LUNA has skyrocketed to over 6.5 trillion as of now from 350 million on May 9. The world’s largest crypto exchange suspended LUNA and UST spot trading shortly after doing so to the LUNA coin-margined perpetual contracts. The latter, being an algorithmic stablecoin, essentially allowed users to profit by arbitraging it against LUNA ever since it started to de-peg from the USD.
Elon Musk Explained Why His Twitter Acquisition Is on Hold. Elon Musk informed that his acquisition of Twitter had been delayed because of issues related to fake accounts and scams on the popular social medial platform. Musk updated on May 13 that the deal has been put “temporarily on hold pending details supporting” this claim. His buyout offer, worth approximately $44 billion, was accepted in late April. Peter Schiff, one of the most vocal BTC critics, was quick to comment on Musk’s post, suggesting that the billionaire never actually intended to buy Twitter.
FTX’s Sam Bankman-Fried Buys 7.6% Stake in Robinhood, HOOD Surges 23%. Bankman-Fried bought a stake in Robinhood because he regards it as an “attractive investment. Robinhood, through its communications team, echoed this statement in a tweet. Robinhood decided to dabble in crypto trading in 2018. Thereafter, the firm’s revenue shot up to $1.8 billion in 2021, from $278 million in 2019. Funded accounts also increased from 5 million to 22 million.
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GAM Denies Romours About Terra Negotiation Bailout Plan (Updated). Swiss asset manager GAM Holding AG said it is “expected” to invest between $2 billion and $3 billion to “absorb excess supply of UST during its current selloff,” which should revive the UST peg to the US dollar. LUNA traded above $80 a week ago, but it now sits at $0.000055 as of writing these lines. Many exchanges have halted trading, and Terra announced (another) blockchain stoppage hours ago.
Drunk Robots Partners With YGG SEA and Boosts the Arena Prize to 5M METAL. Drunk Robots features a PvP leaderboard, with the results drawn up at the end of each season. The seasonal prize will increase to 5,000,000 $METAL, or over $50k. Drunk Robots is a play-to-earn game on the binance smart chain. Players have a mission to survive and seize the city overrun by the drunk, junky robots whose only interests are metal beer and violence.
Green Market Watch: Bitcoin Rebounds $5K, Cardano and Polkadot Recover 25%. On May 5, bitcoin stood close to $40,000, with the community anticipating another price jump. BTC firstly dumped by $4,000 in hours before sliding below $34,000 just a few days later. BTC has retraced slightly but still stands above the coveted $30,000 mark. ETH now stands well above $2,000 after a 7% daily increase. Binance Coin dumped hard but now trades around $300 following a 17% increase. Cardano, Polkadot, Avalanche, and Shiba Inu have painted even more impressive daily gains. Terra is down by another 99% in the past 24 hours and now stands below $0.0004.
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Billionaire Bill Miller Remains Bullish on Bitcoin Despite Ongoing Crash. US investor, fund manager, and philanthropist Bill Miller stands as one of the most popular bitcoin supporters. Earlier this year, Miller admitted having invested 50% of his portfolio into BTC. He accumulated most during last summer's crypto crash when bitcoin stood at $30,000. Nearly a year ago, Miller opined that traders should see the digital asset as a tempting investment option. Currently, the cryptocurrency trades at almost the same price, making his opinion quite relevant to the real-time situation.
Russian Crypto Miner Considers Suing US Authorities for Imposed Sanctions. The Treasury Department announced sanctions against BitRiver, prohibiting it from having business relations with US citizens. BitRiver argued that it is a 100% private company with no affiliated interest with the Russian government. The Russian mining giant called the action by US authorities “irresponsible. IMF warned that Russia could use cryptocurrencies to boost their mining industry to evade sanctions. Binance CEO CZ said in an interview last month that nobody smart would choose to do that because it is too traceable.
Nomura Launches Over-the-Counter Bitcoin Derivatives. Nomura's over-the-counter bitcoin futures and options will be available to institutional clients. They will be non-deliverable and have to be settled in cash. Nomura to launch more derivatives related to bitcoin. Demand from institutional and private investors for such services has been growing. Nomura expects the sector to mature over time and become more regulated. Nomura became the first crypto custody bank through a new venture called Komainu in May 2018. It partnered with crypto security and infrastructure solution provider Ledger and bitcoin-specialist investment manager Global Advisors. The move was expected to unlock institutional investors’ interest in digital assets.
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Indian Regulator Makes it Harder for Celebrities to Endorse Crypto. SEBI report warned prominent public figures of being held responsible for making endorsements that prove to violate the Consumer Protection Act, Foreign Exchange Management Act, and Prevention of Money Laundering Act (PMLA) ASCI Guidelines were introduced in February this year, and taxation proposals in budget 2022-23 for the crypto sector used the term. The reference to VDA is purely for taxation purposes, and it doesn't mean the legalization or regulation of digital assets. The SEBI recommendation to make celebrity endorsement tough for crypto products is the latest in a series of strict policy decisions by Indian authorities. This follows a steep 30% income tax on digital asset profits, effective April 1, 2022.
Bitcoin Price Analysis: BTC Fails to Conquer $30K, More Pain to Come?. By Shayan . Shayan: I'm going to be very happy to be here again Bitcoin is now consolidating at around $29K, while the RSI indicator suggests the market is in an oversold state. The 50-day and 100-day moving averages have completed a bearish crossover, which might increase the odds of lower prices. The following key levels of support for bitcoin are the $24K and $20K substantial demand levels. On the lower timeframes, the $30K demand zone failed and was broken with significant bearish momentum. This indicates that the continuation of the bearish trendline is showing symptoms of exhaustion. The market is expected to enter a mid-term consolidation phase.
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Binance Seeks to Strengthen its Legal Team. Majority of open positions are with Binance Holdings Ltd., the company responsible for all firm activities outside of the US. At the time of writing, two positions in the legal division at Binance US are taking applications. The value of all digital assets has taken a tumble of over $500 billion since the start of May alone. Many crypto exchanges are making a concerted effort to increase regulatory oversight that could prevent future tomfoolery.
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Australia to Focus on Crypto Taxation This Year. Tax regulator treats crypto assets as digital property, hence Aussies who sell their digital assets, including non-fungible tokens (NFTs), are expected to calculate and record their capital gains or losses in their tax returns. For clarity, capital gain or capital loss is the difference between the price of an asset at the time it was purchased and the price at the. time it. was disposed of. The ATO intends to focus on three other key areas – record-keeping, work-related expenses, and rental property income and deductions. Aussies are expected to keep good records of their crypto transactions. Anyone who deliberately reports inaccurate capital gains on their crypto assets may face tax penalties from the ATO after an audit. ATO has previously warned crypto traders about the risks they face by reporting incorrect figures for tax purposes.
XRP Price Analysis: Ripple Drops 42% in a Week, What’s Next?. By Grizzly, Grizzly.com will be featured in a weekly Travel Snapshots gallery. Visit CNN.com/Travel next Thursday for a new gallery of snapshots. On the daily chart, XRP is moving downward in a descending channel. Currently, the support zone at $0.33 has prevented any further price declines. To confirm the reversal of momentum, the price must form a higher high and a higher low. The structure taking shape in the 4-hour timeframe can be considered bullish if Ripple can form a higher high above the resistance zone outlined in red. The last ascending wave, however, appears weak, which could mean that retesting $0.33 might not be out of the question yet.
Global Watchdogs to Regulate Stablecoins Following TerraUSD (UST) Fiasco. The United Kingdom Treasury revealed plans to legalize stablecoins as a payment medium in the country. The move comes as part of the financial legislation mentioned in the Queen’s Speech. The organization has no plans to add any algorithmic stablecoins to the proposed legislation. South Korean regulators have launched an emergency check on trends and are currently making plans to enact legislation. Dubbed the Basic Act on Digital Assets, the proposed legislation will reportedly include consumer protection. Watchdogs want to create an opportunity for financial consumers to become aware of the risks of investing in virtual assets.
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CZ Binance: I Would Like to See More Transparency From Terra’s Team. The CEO of Binance, Changpeng Zhao (CZ), said he expects more transparency from Luna’s team. CZ said that Binance didn’t participate in the second round of funding for Luna, and they didn't acquire any UST. Binance Labs backed Terra with $3 million back in 2018 before UST was even a thing. He also clarified that “the last few days, we tried hard to support the Terra community, I am simply pointing out the potential issues from my understanding”
Can Litecoin Reenergize Users With New MimbleWimble Upgrade? (Opinion). MimbleWimble Litecoin update has been the cryptocurrency’s most hotly anticipated upgrade. MWEB removes unnecessary transaction data from the blocks through compression. It also reduces the block size for greater speed and scalability. The locked-in and propagating LTC upgrade is more good news this month for the crypto. Gucci announced in early May that it will be accepting Litecoin for payment later this month.
Polkadex Locks in Polkadot Parachain Slot by Allocating Nearly 1 Million DOT. Polkadex secured one of the coveted slots on Polkadot Parachain Auction for nearly two years. The team will lock in their spot on the network on the 4th of June. The bid was placed using Polkadots' crowdloan feature, garnering funds from over 6,000 contributors. PolkadeX has already partnered with big-league names like Equilibrium, Kraken, and KuCoin on the way. Polkadex supporters will receive at least 2 PDEX tokens for every DOT they contributed. The top 1000 participants will also get exclusive utility-based NFTs that will guarantee discounted trading fees for holders. Polkadot's next parachain auction will start on the 12th of May.
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Crypto exchange Bitpanda introduces staking on 11 cryptocurrencies. European crypto-trading platform Bitpanda has now launched the possibility to earn and generate yield on selected cryptocurrencies. Staking is a way of earning rewards for putting certain cryptocurrencies to work. With no warm-up period, users earn from the instant they choose to stake their crypto. At launch, eleven cryptocurrencies will be available for staking: ADA, TRX, XTZ, SOL, MATIC, ATOM, DOT, GRT, KSM, NEAR, and LUNA; more staking assets will be added.
Solana-built DeFi app Jet Protocol transitions into DAO to enable on-chain governance. JetGovern is a new mechanism to govern the platform in an effective and decentralized manner. Incorporating both on-chain and off-chain governance structures, JetGovern ensures trustless, secure, and effective consensus-building process. On-chain governance employs voting mechanisms on the blockchain through the JET token which is used to represent the user’s stake and confer voting rights. The JET governance token will be used to lead the platform without any centralized or 3rd-party authority, putting full control in the hands of users and the Jet community.
Aussie crypto exchange CoinJar rolls out improved platform design. CoinJar, an Australian-based bitcoin & crypto exchange company, announced today that it has successfully rolled out a newly upgraded exchange platform. A number of tweaks and upgrades are now implemened on CoinJar’s trading platform, including:Customizable, information-rich design, adaptive scrollbar for easier graph navigation and performance improvements. Offering 125 AUD, GBP, BTC, and USD stablecoin trading pairs, 0 taker fees (and maker fees that start at a low 0.1%), and one of the fastest matching engines in the world.
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