Author: Kryptonews

Key takeaways:Ether’s price fell over 4% to $2,575 on May 15, mirroring similar downward moves across the wider cryptocurrency market.Long liquidations and a drop in open interest facilitated ETH’s drop.“Overbought” RSI and technical resistance signal profit-taking.Ether (ETH) price declined by over 4% in the last 24 hours to around $2,575 on May 15. ETH’s drop mirrored similar downside moves elsewhere in the cryptocurrency market, with the total capitalization falling by approximately 2.40% to $3.3 trillion.ETH/USD four-hour chart. Source: Cointelegraph/TradingViewLet’s look at some of the factors driving Ether’s price down today.ETH price down as long liquidated, and OI falls Ether’s open…

The NFT sector has not yet returned to the glory of its 2022 heyday, but that hasn’t stopped the evolution of the tech. For instance, OpenSea has partnered with the music and arts festival conglomerate Coachella to release three NFT collections that offer both virtual and tangible real-life VIP experiences and merchandise. The partnership will eventually produce three collections offering different perks and varying tiers of exclusivity (as well as cost). The first one is the VIP Pass + Oasis Lounge Keepsake, which was released on Tuesday at $1,499 each, capped at 1,000 NFTs. This tier includes access to a…

Ukraine is reportedly moving closer to adopting Bitcoin as a national reserve asset, a move that could bolster its financial resilience amid the ongoing war with Russia. Lawmakers are reportedly working on a Bitcoin (BTC) national reserve proposal, with a draft bill in its final stages, according to Yaroslav Zhelezniak, a member of parliament who confirmed the plan to local media outlet Incrypted.The proposal was announced during the CRYPTO 2025 conference in Kyiv on Feb. 6. “We will soon submit a draft law from the industry allowing the creation of crypto reserves,” Zhelezniak said.Cointelegraph reached out to Zhelezniak for comment…

Jennifer Sanasie is an executive producer and senior anchor at CoinDesk, with over a decade of journalism experience across the U.S., Canada, and South Africa. Beyond media, she has worked closely with Web3 companies on marketing, content, and business strategy.Jennifer holds an MBA from the Rotman School of Management, a Master of Laws in Innovation and Technology from the University of Toronto, a BA in Media Studies from the University of Guelph, and a Journalism Diploma from Humber College.She owns BTC, ETH, SOL, USDC, USDT, G7, and DCNT. She also holds a mix of NFTs, altcoins and memecoins worth under…

Blockchain technology, the foundation of cryptocurrencies like Bitcoin, is transforming industries far beyond digital finance. Thanks to its inherent traits of transparency, security, and efficiency, blockchain is being adopted across sectors like healthcare, supply chain, voting systems, and more. Healthcare: Secure Patient Data Management One of the most promising applications of blockchain is in healthcare. Today, patient records are often fragmented across different institutions, making data sharing cumbersome and prone to errors. Blockchain resolves this by enabling secure, decentralized storage and transfer of medical information. Interoperability: Blockchain-based systems allow hospitals, clinics, and research institutions to access and share data seamlessly…

The company behind the Bored Ape crypto art craze is looking into reports that people have been suffering from eye burn, extreme pain and impaired vision after attending one of its events, which was lit by UV lights.The ApeFest festival is held every year for members of the Bored Ape Yacht Club, AKA Bored Apes, who have invested in a collection of 10,000 non-fungible tokens (NFTs) featuring computer-generated profile pictures of cartoon apes.More than a dozen people who attended last weekend’s ApeFest in Hong Kong took to social media afterwards to complain that they were suffering from eye pain and…

Publicly-traded firm BTCS Inc. announced a $57.8 million financing agreement led by investment firm ATW Partners to purchase Ether as it expands its blockchain infrastructure strategy. The Rockville, Maryland-based company announced the deal on May 14, stating that the move will allow it to expand validator node operations and build recurring revenue from Ether (ETH) staking.BTCS CEO Charles Allen said the move follows Strategy’s (formerly MicroStrategy) high-profile Bitcoin (BTC) accumulation blueprint and will leverage Ethereum for long-term growth. “We are executing a disciplined strategy to increase our Ethereum exposure and drive recurring revenue through staking and our block building operations,” Allen said.Source:…

Blockchain technology has emerged as a revolutionary force in the digital world, promising to transform industries from finance to healthcare to supply chain management. But for many, the intricacies of blockchain remain shrouded in mystery. This guide aims to demystify blockchain, breaking down its core concepts and functionalities in simple terms. What is Blockchain? At its essence, a blockchain is a decentralized and distributed ledger that records transactions across numerous computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network. This makes it an extremely secure and transparent…

Bitcoin’s price ascent was stopped once again at $104,000 yesterday and the asset is down by over two grand since then, going toward a key support line. The altcoins have turned red, with massive price drops from the likes of XRP, SOL, DOGE, ADA, SUI, AVAX, and many others. BTC Below $102K The primary cryptocurrency surged in an impressive manner last week when reports emerged that the US and China will meet over the weekend to discuss a trade deal. This led to a massive price pump that saw BTC reclaim the coveted $100,000 last Thursday and kept climbing to…

DASH: Digital Cash You Can Spend Anywhere, Anytime, Globally   DASH QUICK STATS TYPE:Currency CREATION DATE:January 18, 2014 DEVELOPMENT STAGE:Full Release CURRENT SUPPLY:7,947,251.2 TOTAL SUPPLY:18,900,000 ALGORITHM:X11 PROOF TYPE:PoW/PoS BLOCK TARGET:2.5 Minutes On January 18, 2014 a currency by the name of Xcoin (XCO), was released to the crypto market and it would soon be rebranded as a well-known cryptocurrency that we know today as DASH. Dash was built on Bitcoin’s core and it expanded on its code by adding a “2-tier node”. Unlike Bitcoin, whose transactions are published on the blockchain, Dash’s technology intends to have the liquidity and anonymity…