Blockchain and Crypto News

Don’t miss real-time updates

Decentral Block Post

Access real-time blockchain and cryptocurrency news updates from around the globe.

Metaverse ETF PUNK closing after betting against Meta's vision

Subversive Capital cites losses as it shuts down PUNK ETF and the company pivots to artificial intelligence.

Bitcoin and proof-of-stake have natural ‘synergy’: Bitcoin Builders 2023

Stanford University professor David Tsè said his team’s research had revealed a security property between Bitcoin and proof-of-stake protocols.

Bitcoin trader predicts end of dip within weeks as BTC price adds 3.5%

Bitcoin (BTC) held a snap rebound on May 18 as analysts hoped that further upside would come next.

BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView

BTC price sustains knee-jerk move higher

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it circled $27,400 on Bitstamp.

The pair had made swift gains toward the prior day’s Wall Street open, these topping out at 3.5% versus the day’s lows.

Amid changing signals on exchange order books, popular trader Skew was hopeful for continuation.

“Price swept the pre-emptive swing low, which was enough liquidity to push up higher,” he summarized in part of a Twitter analysis.

Continue reading

GridPlus to open source wallet firmware in Q3 amid Ledger debacle

As accusations are hurled at Ledger over a controversial update, one hardware wallet has decided to open-source its firmware. Others have turned it into a marketing opportunity.

Korean lawmakers rally towards crypto rules in May after grisly murder case: Report

Crypto policy making efforts have been reignited in South Korea after a woman was murdered following a dispute over digital assets.

Australia marks first FX transaction using a CBDC as eAUD pilot continues

The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain.

Miami blockchain folk hero secures $5M for community tokenization

The fund will be used to help residents secure affordable housing through blockchain initiatives.

South Korean Prime Minister calls for disclosure of crypto holdings by high-ranking officials

Prime Minister Han Deok-soo reportedly believes that including cryptocurrency in property registration is the right thing to do.

LayerZero partners with Immunefi to launch $15M bug bounty

The program offers a maximum reward of $15 million for anyone who identifies vulnerabilities classified as high severity. adds Pay support for MATIC, USDC and DAI

The cryptocurrency exchange's DeFi wallet and Pay service launched a new update adding support for more countries and tokens.

Ripple acquires Swiss blockchain custody firm Metaco for $250M

Metaco raised $17 million in a Series A funding round in 2020. The company raised $20 million in total before being acquired.

Bitcoin price capitulation below $26K increases as Friday’s BTC options expiry looms

Bitcoin (BTC) price lost steam after a failed rupture of the $27,500 resistance on May 15, putting bears in a better position for the May 19 expiry. The regulatory newsflow likely played a key role in trimming investors’ risk appetite as governments seek more control over the sector.

In a memo circulated among committee members, Democrats in the United States legislature sought to cement the SEC’s authority over crypto. The document was made public on May 10, including the argument that nearly all digital assets constitute securities. Moreover, according to Gensler’s view, even network nodes are in violation of securities laws.

The United Kingdom’s Treasury Committee “strongly recommended” on May 17 regulating retail crypto trading and investment activity as gambling, consistent with the principle of “same risk, same regulatory outcome.” Treasury Committee Chair Harriett Baldwin described Bitcoin and Ether as accounting for two-thirds of the total market capitalization of crypto assets, both of which she claimed are “unbacked.”

The $735 million Bitcoin weekly options expiry on May 19 might play a decisive role in determining whether the price will capitulate by falling below $26,000.

Bitcoin could be making a short-term bottom

Bitcoin bears will try to take advantage of the negative regulatory environment, and uncertainty caused by the risk of the U.S. Treasury ‘running out of funds’ as the debt ceiling approaches. Such a pessimistic scenario partially explains why some Bitcoin traders decided to reduce exposure over the past couple of weeks.

Continue reading

'One of the greatest' Bitcoin metrics says BTC price bull run is here

Bitcoin (BTC) is entering a new “speculation cycle” typical of a bull run, new analysis says.

In a tweet on May 16, Philip Swift, creator of data resource LookIntoBitcoin and co-founder of trading suite Decentrader, revealed history repeating itself according to the RHODL Ratio metric.

RHODL Ratiocreator on BTC price: "Zoom out"

RHODL Ratio is a method of tracking BTC price behavior based on the realized price of the supply — the price at which coins last moved.

Created by Swift in 2020, it compares the relative ages of coins which moved one week ago to those which moved 1-2 years ago.

This ratio gives an insight into the relative activity of short-term (STHs) and long-term holders (LTHs), and by extension the extent to which speculation is present on the market.

Continue reading

Bitcoin self-custody advocate explains why on-ramps are key to adoption

Cypherpunk Jameson Lopp highlights the need for easier-to-use, improved self-custody solutions and more on-ramp avenues to drive Bitcoin adoption.

Telegram addresses camera exploit, points to Apple macOS security permissions

Messaging app Telegram denies users were at risk after a security exploit was discovered that could allow attackers to gain control of a device’s camera on macOS systems.

Watch these BTC price levels as Bitcoin threatens to lose $27K support

Bitcoin (BTC) looked poised to give up $27,000 as support on May 17, with traders waiting for new lows.

BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView

Whales meet low liquidity

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading near $26,800 at the time of writing.

The pair had staged multiple crosses of the $27,000 mark the day before, with that level forming a low-timeframe focus now at risk of breaking down.

BTC/USD annotated chart. Source: Crypto Tony/ Twitter

“3 wave up into resistance, followed by a retest and a rejection off resistance zone,” popular trader Crypto Tony summarized about recent activity.

He added that a potential target to wait for was now $26,400.

Continue reading

Anchorage Digital opens up DeFi voting for custody clients

Anchorage joins AAVE, Lido and BitDAO in adopting the off-chain voting platform Snapshot.

Distributed ledger tech could save TradFi $100B a year: Lobby group

A new report from the Global Financial Markets Association says regulators need to take distributed ledger technology more seriously.

Crypto retail trading should be regulated as gambling: UK lawmakers

The volatility and purported lack of intrinsic value of most crypto assets make it particularly risky for consumers, the politicians claimed.

Lightning Labs launches rebranded 'Taro' amid Bitcoin's BRC-20 bottleneck

Lightning Labs have unveiled a new solution to the clunky process for minting new assets on the Bitcoin network.