In coins this week. Illustracion de Michele Prefers to Decrypt

Bitcoin suffered minimal losses this week, around 0.87%, while Ethereum sank 9% to $1,792.

Several of the So-Called Ethereum Killers, Also Known As Layer 1 Blockchain Intelligent Contracts, Were Among The Biggest Losers: Cardano Down 12% To $0.46, Avalanche Down 53 And 19% Alares Down 14% And 0.36, KO 17% $4.87, and had sunk 15% and $42 from Solana at the time of this writing.

Cosmos, which is structurally different from Ethereum in the sense that it is a network of many smaller blockchains but also offers highly functional smart contracts, also fell 12% to $9.55.

Other Notable Losses Among This Week’s Top 40 Cryptocurrencies Month Significance Sun Flow, Down 13% To $2.39, Epcoin, Down 19% To 6.31 Dolores, Decentraland, Down 12% To 0.95 Dolores, Internet Computers, Q FALLS 10% and $7.11, and Elrond, Q Fells 25% and $68.88.

The News of the Week

✔️ On Monday, the US Federal Reserve’s Annual Survey of the Economic Well-Being of American Households reported that unbanked citizens are adopting cryptocurrencies at a faster rate than ever. Results Show About 12% of the 11,000 Americans Surveyed Had Had or Used Cryptocurrencies in 2021.

Approximately 13% of Americans who used cryptocurrencies last year did not have a bank account, compared to 6% of Americans who neither have a bank account nor use cryptocurrencies. About 27% of US cryptocurrency users did not have a credit card, which is again higher than the national average of 17% who use neither.

✔️ E-commerce giant eBay on Monday announced its first foray into the NFT space with Wayne Gretzky-inspired hockey collectible digital memorabilia. The Nft Astons on the Ethereum Sidechain, Polygon; Through a partnership with for Sports Illustrated and NFT OneOff.

✔️ North Carolina GOP Congresswoman Madison Cawthorne Is Being Investigated By Astar House Attica Committee Involved In Alleged Pump and Go Dump Scheme Through Brandon’s Duration.”

The committee issued a statement Monday, saying Cavethorn “may have improperly promoted a cryptocurrency in which he may have had an undisclosed financial interest, wi engaged in an improper relationship with a

✔️ On the Same Day, At the Annual Meeting of the World Economic Forum in Davos, Kristalina Georgievaf, Managing Director of the International Monetary Fund, Spoke About Cryptocurrencies, Asking the Community “Not to Richen the same as and added”: A faster service , lower male costs and more inclusions, but only if we know the good offers from the rotten ones”.

Georgieva Senna viewed terra’s recent collapse as a harsh lecine, highlighting the fact that, unlike tether and circle, it was not backed by underlying fiat assets: “When yun isn’t backed by its return promise, it’s a pyramid. What about the pyramids? … Ekban Kendo in Pieces”.

✔️ On Marts, The European Central Bank Released A Report Entitled “Deciphering Financial Stability Risks In Cryptocurrency Markets” As Part Of A Biannual Review. The report warns that cryptocurrencies could pose a threat to financial stability and remain unregulated.

The report also compares current market conditions to the high-risk mortgage market, responsible for sinking the world economy in 2008: “Despite recent declines, [las criptomonedas] Similis Continue to Grow in Size A, For Example, the Securitized High-Risk Mortgage Markets that Triggered the Global Financial Crisis of 2007-08”.

The Increasing Popularity of Cryptomonads Could Also Be a Catalyst for Disaster, Adverts the Report. C Too Many Institutes Adapted It As A Form Of Payment, Asa Integration “Would Comment On The Potential Of Contagion To The Economy In General”.

✔️ this same day, ftx ceo sam bankmann-fried ravello who could donate up to 1,000 million dollars to help influence the campaign of the 2024 presidential election in the united states.

“I guess above $100 million,” he said. “About how much month I roast, I don’t know. It really depends on what okura. It really depends on who is showing up and for what, and these things are super contingent.”

He said that former President Donald Trump to Apply Again, He Could Be Willing to Donate Up to a Thousand Milanes de Dolores as “Soft Teco”, Which Would Cresces the Largest Personal Reality Donation During the 2020 Campaign, Porria A., who supported to the Republicans with 218 million dollars.

Bankman-Fried, 30, was among the 20 biggest donors to Biden’s campaign for 2020, giving $5.2 million to help Biden win a victory over Trump.

✔️ In Europe, The Parliament of Portugal Votes Against A Proposal To Tax Cryptocurrencies. The proposal of the left-wing parties bloco de escarda and liver asked the government to allow the possibility of encumbering cryptocurrencies with profits of more than 5,000 euros ($5,340), but the idea was to rule out pressuring the session.

In Portugal considered this for a long time a financier for cryptocurrency enthusiasts, or that transactions with them have been exempt from taxes since 2016. From Finance Fernando Medina Will Announce That Digital Assets Could Soon Be Subject to Capital Gains Taxes .

✔️ On Thursday, Tether Ad That Hits the Mexican Market With a Digital Peso. React stablecoin in Ethereum, Tron and Polygon.

and Finally, on Friday, Tesla/SpaceX CEO Elon Musk tweeted that SpaceX Proto would start the Dogecoin Acceptor for Payment of Merchandise. The uncio briefly raised the price of doge.

Tesla merch can be bought with Doge, soon SpaceX merch too

— Elon Musk (@elonmusk) 27 May 2022

At the time of this writing, Doge was trading A, $0.0816.

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source: decrypt.co