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Fear & Greed Index hits lowest since March 2020 even as Bitcoin price hits $30.5K

Deja-vu for BTC versus market sentiment as conditions mimic the weeks after the March 2020 COVID-19 crash.

China returns as 2nd top Bitcoin mining hub despite the crypto ban

China still hosts 21% of the total global Bitcoin hash rate after the local government banned all crypto operations in the country last year.

RBI warns of crypto ‘dollarization’ of Indian economy

Crypto “will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country,” according to Reserve Bank of India officials.

Twitch co-founder raises $24M for Web3 gaming firm Metatheory

The funding round led by Web3-focused venture capital firms will be used for upcoming non-fungible tokens (NFTs), comics, and a play-to-earn game slated for late 2022.

Japan’s largest investment bank Nomura readies new crypto subsidiary

The leading Japanese bank plans on establishing a crypto subsidiary outside of Japan and will acquire about 100 personnel to work in the digital asset space.

Miami and New York City coins tank despite Mayoral endorsements

“People will stop mining the coin if they can’t make money off of it,” according to Michael Bloomberg who referred to the two previously hyped city coins.

Stablecoin supplies and cash reserves in question amid crypto exodus

The fallout from Terra’s collapse continues as outflows from Tether (USDT) hit an average of $1.1 billion a day over the past week.

Coinbase unveils Web3 mobile Dapp and DeFi wallet and browser

Coinbase is rapidly expanding its product offerings this month as some select users can now access DeFi and other Dapps on Ethereum through the Coinbase app.

Portugal to lose crypto tax haven status as state announces gains duties

The small Iberian nation is set to reverse a long-standing tax law that excluded crypto gains on the grounds that they are not legal tender.

US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions

An unnamed individual allegedly sent more than $10 million in Bitcoin to an exchange in a country for which the U.S. currently imposes sanctions.

BIFI gains 100%+ after Beefy Finance adds new vaults and stablecoin liquidity pools

Quad-stablecoin liquidity pools, an integration with Oasis Network and 12 new vaults could be the factors behind BIFI’s current triple digit gain.

California regulator will revisit long-running ban on crypto donations on May 19

“This has been on our radar since late last year,” said California’s Fair Political Practices Commission communications director Jay Wierenga.

MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security

MakerDAO returned to prominence after Terra’s UST collapse forced investors to search for a truly “stable” dollar pegged asset.

Do Kwon proposes Terra hard fork to save ecosystem

Terraform Labs will put the proposal up for a governance vote on May 18 Asia time.

Price analysis 5/16: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

BTC and most altcoins are facing strong selling at the top of each rally, but the short-term downside could be limited since Bitcoin bulls keep buying each dip.

Bitcoin bulls aim to flip $30K to support, but derivatives data show traders lack confidence

The BTC futures premium flashed a slightly positive reading, but options markets show extreme fear from whales and market markers.

Top 5 cryptocurrencies to watch this week: BTC, MANA, MKR, ZEC, KCS

Bitcoin could eventually attempt a relief rally which might trigger a rebound in MANA, MKR, ZEC and KCS price.

Celsius Network's crypto mining subsidiary SEC filing suggests plans for IPO

The SEC requires companies in the United States to file an S-1 registration for shares to be listed on a national exchange, like the Nasdaq or New York Stock Exchange.

Analysts flag Bitcoin price levels to watch after LFG sells 80K BTC

$20,000 or $32,000? Both feature in the outlook for Bitcoin price action going forward.

The Brazilian Stock Exchange will launch Bitcoin and Ethereum futures

Chief financial officer André Milanez said that the product will launch within the next si months.

Digital euro could come as soon as 2026 — ECB official

Commenting on the recent market volatility, Fabio Panetta also said stablecoins were still “vulnerable to runs,” just as investing in cryptocurrencies carried certain risks.

Life-changing money: The 10 most expensive NFTs sold to date

When nonfungible tokens are raking in incredible prices, have a look at the 10 most expensive NFTs sold to date.

Polygon and others extend helping hand to Terra blockchain projects

These efforts are sure to help get many Terra projects back on their feet following last week's devastating events.

What really goes on at a crypto OTC desk?

Deus Finance’s dollar-pegged stablecoin DEI falls below 60 cents

Following the fall of TerraUSD, DEI, the algorithmic stablecoin by DEUS Finance, takes a nosedive below 60 cents.

CBDC activity heats up, but few projects move beyond pilot stage

Does government-issued digital money pose an existential threat to cryptocurrencies? Probably not, but stablecoin usage could narrow.

FTX CEO sees no future in Bitcoin payments, community fires back

FTX CEO’s comments on Bitcoin received heavy backlash from the crypto community, with many reminding him of Solana, a PoS network that has gone offline half a dozen times.

80,000 Bitcoin gone: What’s left in Luna’s reserve wallet?

The Luna Foundation Guard updates the world concerning its crypto-asset reserves and shares a promise to compensate the remaining users of failed stablecoin UST.

Bitcoin investment giant Grayscale debuts ETF in Europe

Grayscale announced its first European ETF, listing on the London Stock Exchange, Borsa Italiana and Deutsche Börse Xetra.

First 7-week losing streak in history ― 5 things to know in Bitcoin this week

Doom and gloom and an overall sense of unease pervades the market ahead of the World Economic Forum.

UK Treasury en route to legalizing stablecoins amid Terra's UST crash

During the Queen's Speech, Prince Charles announced the introduction of a bill that would help tackle illicit finance, reduce economic crime and help businesses grow.