Monday, May 16, 2022

Your Weekly Update On All Things Crypto

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TL;DR

Huge Crypto Crash As All Fingers Point To Terra And Unreliable Stablecoin...
Germany And China Make Important Announcements To Give Crypto Industry A Boost...
Institutional & Retail Acceptance Of Crypto Payments Accelerates...
Crypto Is Forever, And Can Now Buy Diamonds...
Bitcoin Breaks Below 200-Week Moving Average for First Time in Over 2 Years
ETH/BTC Breaks Below Support and Tests 50-Week Moving Average

MACRO NEWS

Huge Crypto Crash As All Fingers Point To Terra And Unreliable Stablecoin...

One of the biggest risks associated with the crypto industry is volatility, a fact which numerous regulators have pointed out could be the downfall of the entire sector.

As such, a popular token has lost over 95% of its value, taking down a so-called stablecoin with it...

Germany And China Make Important Announcements To Give Crypto Industry A Boost...

Although the current state of the crypto market is not the best, with the recent Terra (LUNA) and UST debacle resulting in drastic price drops for numerous cryptocurrencies, there may still yet be a light at the end of the tunnel. Not only has Germany announced that there shall be no taxes whatsoever for selling Bitcoin (BTC) and Ethereum (ETH) if held over a year...

Institutional & Retail Acceptance of Crypto Payments Accelerates...

TThe global acceptance of digital resources and currencies is changing dramatically. State-run administrations and foundations across the globe are actively considering adopting Bitcoin (BTC) and other cryptocurrencies for payment purposes, including a small private institution outside Boston...

Crypto Is Forever, And Can Now Buy Diamonds...

Continental Diamond, a jewelry business in St. Louis Park, will now be accepting Bitcoin, Shiba Inu and other cryptocurrencies as payment.

As such, Continental Diamond has become the inaugural diamond store in Minnesota to accept crypto payments...

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TECHNICAL ANALYSIS

Bitcoin Breaks Below 200-Week Moving Average for First Time in Over 2 Years

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ETH/BTC Breaks Below Support and Tests 50-Week Moving Average

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CONTENT OF THE WEEK

What Happened To Luna? Scott Melker On CBS NEWS

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Jeremy Allaire on the Regulatory Fallout After Terra

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Q2 Crypto Earnings Are BAD!! Here's What They Mean!!

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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.