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Bitcoin, Ethereum Technical Analysis: BTC up to $30,000 to Start the Week

Bitcoin rose above $30,000 to start the week, with bearish sentiment marginally fading as we head into June. ETH also rallied on Monday, however the world’s second largest cryptocurrency continued to hover below $1,900. Bitcoin Following almost five days trading below $30,000, BTC finally surged, with prices climbing to their highest point in over…
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Esports Powerhouse Galaxy Racer Invests US$25M to Partner With $QUINT

PRESS RELEASE. 30th May 2022, Dubai, United Arab Emirates: Galaxy Racer (GXR), a transmedia powerhouse focused on e-sports, content creators, music, and sports, headquartered in Dubai, is excited to reveal its partnership with, and investment in, the Quint ecosystem’s token, QUINT. Galaxy Racer invested US$25 million into QUINT, making it the first e-sports and lifestyle…
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Report: Latam Countries Are Among the Most Enthusiastic About the Metaverse

A new survey has found people’s opinion of the metaverse in emerging countries is significantly more positive than in their developed counterparts. The study, carried out by Ipsos for the World Economic Forum (WEF), also shows that Latam countries are among the most enthusiastic about the future of the metaverse and its applications for different…
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Bitcoin Lightning Network capacity crosses 3900 BTC marking a new ATH

The Bitcoin LN was first implemented into the Bitcoin mainnet in 2018 and has ever since been able to maintain an upward trajectory in terms of expanding its capacity. Unwithered by the ongoing bear market, Bitcoin’s (BTC) underlying architecture continues to outperform itself — further securing, decentralizing and speeding up the impenetrable peer-to-peer (P2P) network.…
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South Korean Crypto Exchanges Form Joint Response Council to Avoid Repeat of LUNA ‘Incident’

  South Korea’s five biggest crypto exchanges have vowed to create a “joint response council” to avoid a repeat of what the media and politicians in the country have labeled the “terra (LUNA) incident.”… Read More: South Korean Crypto Exchanges Form Joint Response Council to Avoid Repeat of LUNA ‘Incident’  Read more »Pay, Trade, Buy…
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Crypto Exchange WhiteBit Wins NFT & Crystal Trophy Auctioned by Eurovision Winner Kalush Orchestra

  With a bid of USD 900,000, the European crypto exchange WhiteBit has won the non-fungible token (NFT) and the crystal trophy auctioned by Kalush Orchestra, the winners of the Eurovision Song Contest 2022…. Read More: Crypto Exchange WhiteBit Wins NFT & Crystal Trophy Auctioned by Eurovision Winner Kalush Orchestra  Read more »Pay, Trade, Buy…
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Bitcoin Mining Gathers Support in Russia as More Details Emerge on International Crypto Payments

  Bitcoin (BTC) and crypto miners in Russia are using more energy than the nation’s agricultural sector, says the Ministry of Industry and Trade – while MPs are set to vote on a bill that would allow international traders to pay for goods in crypto or accept payments made in cryptoassets. Per Vedomosti, the Deputy…
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New LUNA Token Rises, Still Down 65% After Launch, Kraken CEO Defends Listing

  The new Terra (LUNA) blockchain went live on Saturday, with the newly airdropped LUNA token seeing extremely volatile trading on its first day, before stabilizing and gaining some ground later in the weekend. Despite having become a controversial project, the new LUNA token can already be traded on a number of large exchanges…. Read…
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‘Mega bullish signal’ or ‘real breakdown?’ 5 things to know in Bitcoin this week

A bullish reversal into the new week rapidly gains attention, but sober analysts predict that this is just another relief bounce. Bitcoin (BTC) is bouncing back this week as a sudden surge challenges weekly highs. In what should provide some desperately needed confidence to bulls, BTC/USD is back at weekly highs on May 30, gaining several…
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Gov’t says crypto miners consume 2% of total electricity in Russia

Crypto mining falls under the “gray zone” in Russia, which means even though it’s not banned, it doesn’t fall under the purview of law which could pose risks for those involved. Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate. The energy consumption share of…
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