Cryptocurrencies are trending lower for a second straight day, as sentiment was damped by some dismal predictions regarding the future for the top cryptocurrency, Bitcoin.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
Australians Lost Nearly A$2 Mln In Crypto Scams In 2017
Australians lost nearly A$2.1 million in crypto scams in 2017, as the popularity of cryptocurrencies peaked in the final quarter of the year. Cryptocurrency prices surged in the final quarter of 2017, with Bitcoin hitting a high of around US$20,000. Read more...
Floating Islands With Own Government And Cryptocurrency
Start-ups BlueFrontiers and Seasteading Institute, in partnership with French Polynesia, is creating floating islands with own government and cryptocurrency, supporting off-shore housing. A number of philanthropists, academics and investors are behind the $50 million Floating Island Project pilot program. The first independent floating island is expected to launch in the Pacific Ocean in 2022. It will operate outside of government regulations and will use Vayron cryptocurrency. Read more...
Crypto Bank Crypterium Appoints Ex-CEO Of Visa UK As Chief Executive
Crypterium, the world's first mobile crypto bank, appointed the former chief of the credit card giant VISA's UK and Ireland division, Marc O'Brien, as its Chief Executive Officer. He was also a long time advisor to MasterCard. Read more...
Bill To Legally Recognize Blockchain Data Introduced In Ohio Senate
A Bill to legally recognize smart contracts and records stored on a blockchain has been introduced in the Ohio Senate. Senate Bill 300, titled Revise Electronic Transactions Act/blockchain/smart contracts, was introduced by Senator Matt Dolan. It amends sections of the Uniform Electronic Transactions Act to include blockchain records and smart contracts as electronic records. Read more...
Indian Crypto Exchange Bitxoxo Launches ICO
Indian Bitcoin exchange Bitxoxo has launched an Initial Coin Offering (ICO) after a successful pre-sale event that ended on April 30 selling 5 million XOXO tokens. The main ICO event for 10 million tokens at $2 per token went live on May 5 and will end on May 31. Read more...
Crypto Lexicon - DCA
DCA is short for Dollar Cost Averaging. This is an investment strategy used by cryptocurrency investors who HODL, or hold a crypto, for longer term gains. Under DCA, a fixed dollar amount of Bitcoins, or the chosen cryptocurrency, is bought at regular intervals, regardless of whether the price is high or low at that time. Read more...
Current Prices
As of 9.40 am ET on Tuesday, Bitcoin was down 3.42 percent at $8,199.12 and Ethereum was lower by 3.15 percent at $684.74 on Coinbase.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.