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The Latest Breaking News from Cryptocurrency

Crypto crash ‘will not affect Bitcoin mining’s climate cost’

The computing power required to support Bitcoin’s underlying network requires nearly as much energy as the entire country of Argentina

The Independent UK

Commonwealth Bank pauses in-app cryptocurrency trading after market turmoil

Bank says it will pause rollout of app-based trading of assets like bitcoin and Ethereum pending further regulation

The Guardian - AU

Bitcoin, Ethereum, Dogecoin Pulled Down By Equities' Slide As Focus Shifts To Fed's Hawkishness

Bitcoin, Ethereum and other major coins crashed on Wednesday evening, as the global cryptocurrency market cap lost more than 6.4% to $1.2 trillion at press time.

Benzinga

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Is Imax Going To Offer A Cryptocurrency To Customers Just For Watching A Movie?

Movie lovers could be in for a treat in the future, with the potential to be rewarded just for going to the movies or watching a movie at home.

Benzinga

This Twitter-Suspended Crypto Developer's Blockchain Social Network Claims To Handle Elon Musk's Concerns

Finnish cryptocurrency developer Stani Kulechov built a blockchain-based social network, Lens Protocol, available for anyone to access, Bloomberg, reports. Each piece of content is associated with a nonfungible token, giving the creator ownership over their post. Twitter, Inc (NYSE:TWTR) recently suspended Kulechov's account following a joke saying the social media company selected him as…

Benzinga

Bitcoin Miners Start Selling: Rate Of BTC Being Sent To Exchanges At 1-Month High

Some Bitcoin (CRYPTO: BTC) miners may be feeling a bit insecure about their commitment to the world's leading cryptocurrency, at least that's one interpretation of on-chain data showing that they are increasingly selling their holdings.

Benzinga

Was Terra (LUNA) A Pyramid Scheme? Here's What Bill Ackman Says

The collapse of cryptocurrency Terra has been one of the most talked-about topics in the crypto world over the past few weeks. A famous hedge fund manager weighed in with his take on the situation and offered up a harsh comparison.

Benzinga

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Anonymous Crypto Wallet Moves $51M Worth Of Bitcoin Onto Coinbase

What happened: An anonymous cryptocurrency wallet holding $51,511,781 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: 1Hm44kKQrydTszKrCCnAR6jzC1624J6SEL

Benzinga

Anonymous Crypto Wallet Moves $59M Worth Of Bitcoin Onto Coinbase

What happened: An anonymous cryptocurrency wallet holding $59,935,437 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: bc1qslalczjgcee23u5w5796updj596k66qscu5s9z

Benzinga

$73M In Bitcoin Was Just Transferred Onto Coinbase

What happened: An anonymous cryptocurrency wallet holding $73,282,868 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: 17vU11S5Lg9gg6E74Fvh8Da68fTwz6DpPZ

Benzinga

Crypto crash unlikely to reduce its climate impact, expert says

Enormous energy consumption has barely reduced despite $1tn being wiped off the sector

The Guardian - UK

How to buy SafeMoon

SafeMoon (SFM) is a cryptocurrency on the Binance Smart Chain blockchain and is headed by John Karony, a former US Department of Defense analyst.

Evening Standard

Dogecoin Daily: Price Heads Lower, Why You 'Shouldn't Send Your Coins' To Elon Musk And More

Dogecoin (CRYPTO: DOGE) traded 3.2% lower at $0.086 over 24 hours leading up to early Wednesday morning. DOGE slipped into the red alongside other major coins as the global cryptocurrency market cap declined 3.5% to $1.27 trillion.

Benzinga

Investors Flee From Bitcoin As Addresses Sending BTC To Crypto Exchanges Reach 4-Year High

Holders of the world's first cryptocurrency Bitcoin (CRYPTO: BTC) are seemingly emptying their bags after the collapse of cryptocurrency Terra (CRYPTO: LUNA), which occurred when the price of stabl

Benzinga

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Benzinga

Baidu's Chip Affiliate Explores Second Funding Round, Wants To Capitalize On Growing Appetite From Venture Capitalists

Baidu, Inc (NASDAQ:BIDU) chip affiliate Kunlun discussed raising 2 billion yuan ($317 million) in its second funding round, Bloomberg reports. Kunlun has deployed its AI chips to power Baidu's core searching services, and the new financing will help it further expand its client base beyond its parent in a market dominated by Nvidia Corp (NASDAQ:NVDA). Demand…

Benzinga

Why Are Ethereum (ETH) Users 'Willing To Pay' Over $15M In Fees?

A report from venture capital firm a16z’s cryptocurrency research team delves into why Ethereum (CRYPTO: ETH) remains the most popular smart contract network despite its expensive gas fees.

Benzinga

Coinbase Plans To Slow Hiring Amid Crypto Market Downturn

Major crypto exchange Coinbase Global Inc (NASDAQ: COIN) plans to slow hiring in the wake of rapidly declining cryptocurrency prices. What Happened: In an announcement on Tuesday, Coinbase said it would be reprioritizing its hiring needs after the current market downturn.

Benzinga

Bitcoin, Ethereum, Dogecoin Gains Trail Stocks — Fed Chair Warns Of Pain Yet To Come In Fight Against Inflation

Bitcoin and other major digital coins were in the green at press time, as the global cryptocurrency market cap increased 2.7% to $1.3 trillion.

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Benzinga

Cryptocurrencies Trends to Watch This Year, Including Policy Decisions and Innovations

2021 was a year of significant volatility for cryptocurrencies due to multiple factors, including regulatory changes in China and Elon Musk’s realization of the negative environmental impact caused by cryptocurrency mining. Last year, the value of Bitcoin reached all-time highs before plummeting in May. Late last year, Ethereum also reached…

Bangkok Post

UST collapse hits digital asset market

The global cryptocurrency market saw its value plummet amid heavy sell-offs, with the collapse of TerraUSD (UST), one of the biggest stablecoins, sending shockwaves throughout the digital asset market.

Roll Call

Terra's stablecoin flop raises questions about regulatory role - Roll Call

The plunge in the algorithmic stablecoin TerraUSD is sparking debate among lawmakers over what, or how much, the government should do.

Benzinga

Terra (LUNA) Blow-Up One Of The 'Largest Fiascos' In Crypto Market History, Ark Says

TerraUSD (CRYPTO: UST) losing its peg to the dollar and the subsequent blow-up seen in Terra (CRYPTO: LUNA) was termed one of the “largest fiascos” in cryptocurrency market history by Frank Downing, an analyst w

Benzinga

Could NFTs Go The Terra (LUNA) Way? Analysts Flag Concerns

Analysts at Morgan Stanley have said that non fungible tokens (NFTs) could be the next area of concern in the cryptocurrency space following the collapse of Terra’s (CRYPTO: LUNA) stablecoin TerraUSD (CRYPTO:

Benzinga

Bitcoin Back Below $30K Level, Ethereum, Dogecoin In Red: Why Analyst Thinks Apex Coin Is In A 'Fight For Its Life'

Bitcoin traded below the $30,000 mark, while Ethereum and Dogecoin were also weaker over the last 24 hours at press time on Monday evening, as the global cryptocurrency market cap declined 4.4% to $1.3 trillion.

Benzinga

'Not All Bad Things Are The Same Bad Thing': Why Is FTX CEO Sam Bankman-Fried Comparing Luna To Netflix?

The CEO of one of the largest cryptocurrency platforms shared his take on the collapse of Terra (CRYPTO: LUNA) and the stablecoin TerraUSD (CRYPTO:

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