According to one of the announcements by the lead developer of the Cardano, the input-output will be released on Sunday. 

The launch is the “Important next step”. It is the next step to the implementation of the much-awaited upgrade. Also, over the next four weeks, the developers, stake pool operators and cryptocurrency exchanges will test the Cardano.

After that, it will be on the blockchain manner. 

Cardano Vasil Hard Fork launch Postponed by the Developers

According to reports by the U Today, Input-Output is saying that the Cardano Vasil Hard Fork launch is on the extension nowadays.

Nigel Hemsley, the head of the delivery and products at the input-output, emphasized that they are in no rush to launch the Cardano Vasil Hard Fork.

For the developers, the quality and security matter alot. Further, Hemsley explained that it is the most sophisticated program for the development of the Cardano team to date.

What is Blockchain Hard Fork? 

Cardano Vasil Hard Fork blockchain is basically an updated chain of blocks. These blocks are of data like transaction records.

Further, since it totally works on the basis of decentralization =, anyone can join and secure the network. Also, they can earn the rewards by staking and delegating their ADA wallets like Yoroi.

Moreover, when the Cardano blockchain grows over a period of time, there will be hard fork events to help upgrade the user network. The network is upgradable with the help of the new improvements.

Suggested Reads: Bitgert reaching the all-new ATH, though Cardano stays to be Stable!

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But analysts are skeptical over the nature of the recovery, with many cautioning that it may be a “dead cat bounce.”

Bitcoin (BTC) is currently trading at $31,500, up nearly 7% over the past three days. While it has recovered to back above $30,000, popular Twitter analyst @CryptoDonAlt opines that it needs to confirm at least two more levels for a breakout.

Until then, sentiment over the token is likely to remain bearish, considering it has more than halved from a record high hit last year.

BTC needs to first confirm $31,800, then $34,000

CryptoDonAlt said in a Twitter post that the token has struggled to confirm $31,800, and is now “bearishly retesting” the same area. While the token did trade as high as $32,000 in the past few days, it has almost immediately slumped back below the level.

After clearing $31,800, BTC will face $34,000 as its next resistance point before a breakout. But clearing this, it could set the token up for further gains.

Bitcoin (BTC) tracks relief rally in stocks

A bulk of BTC’s recent gains have been driven by a strong recovery in stock markets. For instance, the Nasdaq 100- BTC’s closest parallel in stock markets rose 7% in the past five days, with a similar performance from the token.

But U.S. stock futures indicate that this rally may be running out of steam, with Wall Street set for a largely flat open today.

As such, BTC’s recovery rally may cool down similarly, keeping the token in a bearish trend for the near term.

The factors that contributed to stock and crypto market weakness are still in play. Rising inflation and interest rates have largely eroded the appetite for risk-driven assets this year.

More: Dip in Bitcoin with 40,000 $ BTC moving to Exchange!

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Over the previous two years, a boom in crypto prices minted a generation of millionaires and billionaires. Some industry executives and even regular investors acquired extraordinary wealth from cryptocurrency trading.

But of late, the crypto market has crashed. Last week, central bank interest rate tightening reports, inflation concerns, and the collapse of the algorithmic stablecoin TerraUSD and its LUNA token. Further, it helped ignite a wider meltdown, plunging Bitcoin price and wiping $300 billion in value from the wider crypto economy. Also, the recent crypto market crisis has not only hurt investors. However, it has also erased billions of dollars from their fortunes.

Lost opportunities During the Crypto Market Crash

Vitalik Buterin, the co-founder of Ethereum, is one of the heavyweight investors who faced the wrath. After Ethereum’s price surpassed $3,000 and hit a high of over $4,800 in November last year. Like Vitalik possessed a digital wallet whose ETH contents were valued at about $1.5 billion.

But on Friday last week, Buterin revealed on social media that he is no longer a billionaire. Due to the ongoing market sell-off, Ether has lost 60 % of its value, trading at around $2,028 during the intraday on Monday Asia section, according to Coinmarketcap.

Changpeng Zhao, founder of Binance – the world’s largest crypto exchange – also has seen more than $80 billion, or 84% of his wealth, evaporate this year.

A few days ago, Mr. Zhao tweeted that Luna’s collapse made him “poor again” after losing billions of dollars in crypto following a market crash, which has wiped out the fortunes of several investors.

On Monday last week, Zhao mentioned that Binance held 15 million Luna tokens. In early April, Binance’s Luna holdings were worth $1.6 billion when the token hit its peak price. But its recent crash saw that value fall to about $2,200 the previous week.

Managing a down cycle

There are many ways for crypto investors to prepare for a market crash. The golden rule of investing in a risky asset class like crypto is only to invest money that an investor can afford to lose. It is advisable to ensure that crypto-only represents a small percentage of overall investments. High-risk investments like cryptocurrency should only make up a small portion of a total portfolio.

There are various ways an investor can calculate how much he or she wants to allocate, depending on their risk tolerance, crypto knowledge, and the degree to which they believe cryptocurrency could outperform stocks. The crucial thing is diversification.

Investing in cryptocurrencies with long-term potential is a great way to guard against panic selling when prices fall. Research can help identify crypto coins with the best chance of long-term survival.

The post Crypto Market Crash Leaves Investors Counting Losses appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

In just the last 45 days, the crypto market has eroded more than $800 billion worth of investors’ wealth. However, Coinbase data shows that the mass exodus of retail players from the crypto market started itself during Q1 Crypto 2022

Furthermore, the Citing data released by crypto exchange Coinbase last week, CryptoQuant CEO Ki-Young Ju states: “76% of the trading volume at @Coinbase came from institutional investors in Q1 2022″. He further added:

“Retail investors are leaving the crypto market. Not bad for accumulating Bitcoin with institutions, but still worried about overall volume which is significantly decreased compared to last year”.

There’s no doubt that the recent market correction has shaken retail and institutional players alike. At the same time, retail players have recently lost a ton of money. They lost the money due to the collapse of the Terra ecosystem last week.

Furthermore, the Bitcoin fear and greed index shows that we are currently in the extreme fear zone. However, this could prove to be the right time for long-term accumulation.

Inflows Return to Bitcoin Funds- Q1 Crypto 2022

On Monday, May 16, CoinShares published a report stating that institutions poured $300 million into Bitcoin funds last week despite the heavy market correction. Most of these funds came from the North American institutions, while the European institutions recorded net outflows. The report states:

“A strong signal that investors saw the recent UST stable coin de-peg and its associated broad sell-off as a buying opportunity. Bitcoin was the primary benefactor, with inflows totaling US$299m last week, suggesting investors were flocking to the relative safety of the largest digital asset”.

On the other hand, institutions decided to withdraw large sums from altcoins which have tanked significantly.

Read More: Dahab Alealam: Major Muslim crypto-asset set to launch the Open Token Sale.

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In the Muslim world, the crypto economy is strengthening its foundations. In early May 2022, Arab News announced the use of Bitcoin as a means of payment by Emirates, a major airline. Cryptocurrencies are no longer seen as haram for Muslims. And some projects are creating huge cryptocurrency ecosystems, which are solely for halal. 

DAHAB is a major halal crypto

Just as PayPal revolutionized financial services in 1998, DAHAB will repeat this technological revolution with even greater ambitions in 2022. This service makes available not only transfers of funds to almost every country in the world. However, it also has the ability to invest and make everyday payments from one device literally on the go. The project’s asset is under the eponymous name Dahab (DHB). This coin allows everyone on the planet to participate in the development of the product. Even at an early stage and earn a profit for participating. 

DAHAB is the main platform of modern financial solutions, built on the good principles of Islamic law and Shariah. DHB’s capabilities allow digital solutions to be incorporated into any halal digital product in order to improve it. Whether it is a payment system for transferring funds to other countries or payment and optimization of entertainment or social services.

Dahab Alealam will be an effective guide for Muslims between existing financial services and crypto technologies. You will be able to easily pay for international entertainment services such as Netflix, Steam, YouTube Music and others. DAHAB technology is able to replace outdated money transfer. They are offering services such as Western Union or IBAN technology and even will become a competitor of PayPal. 

Advantages of DHB token

While most of the crypto projects count on high volatility, Dahab focuses on the relative stability of DHB assets. It is similar to the gold price formation (every year, gold grows in value). This is achieved by encouraging a long-term investment relationship on the part of the project participants. 

DHB holders receive guarantees from participating in the distribution of profits of the project DAHAB. After receiving his participation fee, he can dispose of the profits himself: sell, exchange or keep the asset for future use.  

On May 14, 2022, the DAHAB project launched an Open TokenSale on its official website for the distribution of 7% of DHB tokens among early investors. The project has a total issuance of 19,000,000,000 tokens. Several investment solutions are available for investors, each with its own benefits:

Has a lower cost of $0.0003 per 1 DHB; you can get tokens with an automatic BUSD, USDT /DHB Swap, a minimum of $100. But in this case, the investor agrees to token lock-in for 6 months.

Has a higher price of $0.0006 for 1 DHB; you can get tokens just by paying a wide list of accounts of the project BUSD, USDT, BTC, ETH, BNB, and SOL; besides, in this case, there is no blocking of funds. But the minimum purchase amount is $500.

Read More: Revolut Blocked My Account- Here’s What Happened?

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Only around 7 months ago, crypto was riding strong. The combined market cap for this new asset class had just tipped $3 trillion. We can say perhaps a third of the gold market. Moreover, the technology that crypto brought with it was seen as groundbreaking. Perhaps every bit as disruptive as when the internet came along.

In addition, seven months later, the whole cryptocurrency industry, including crypto-investors, is heading downwards in price at breakneck speed. The velocity of the collapse has been such that it has caught many by surprise. Further, it has included the large investment companies that were backing. So, many of the projects within the crypto industry.

Crypto Investors are Losing the Trust in the Other Coins

Bitcoin, the granddaddy of cryptos and the one that has probably held up better than any other, started its rapid descent only a week ago. In just 7 days, the asset has plunged from $48,000 to its current price level of around $28,000 at the time of writing. Further, it has been as low as under $27,000 earlier today.

Losing $20,000 per bitcoin in just a week sounds pretty bad. However, the worst disaster for the cryptocurrency sector has undoubtedly been the total and utter collapse of the UST stablecoin. 

UST is currently hovering at around 55 cents, while LUNA has plummeted from $97 to 5 cents in just 3 days. It is wiping off many billions from the portfolios of the institutions and retail investors who were backing the ecosystem.

Absorbing such a loss will arguably take crypto a long time to achieve. Also, it has accelerated the bearish momentum across the entire industry. How far down we go from here is anyone’s guess…

What is required now is to start making a recovery for the stock market. Given the current geopolitical tensions and the weakness of the global economy in general, things are looking increasingly uncertain.

Institutions and Crypto Investors are said to be relishing the thought of bitcoin going down to sub $20k levels so that they can “buy the dip”. 

Surely a wipe-out era for the average retail investor. Even many may be limping away from this particular car crash for good.

Read More: Criminals Continue To Scam People With Fake Crypto Martin Lewis Ads

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It’s Official! The Ukrainian Government Now Accepts BTC, ETH & USDT Donations

On Saturday, the Ukrainian government took a significant leap of faith by officially accepting crypto donations. Finally, they gave in to people’s demands for crypto donation options to support them in defense. The story comes as an update after crypto. news reported that the Ukrainian defense ministry requested donations but declined crypto donations hours after the attack.

The report also added that people were pushing the ministry to compromise and accept cryptos this time only. However, there were no official information or crypto wallet addresses for such donations until yesterday. 

The Ukrainian government tweeted:

“Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin (BTC), Ethereum (ETH), and USDT.” 

It also added that crypto wallet addresses for the facilitation of donations. It was as if the crypto space was waiting for the official addresses to be offered to contribute to Ukraine’s cause. The two wallets collected cryptos worth about $5.4M within the first eight hours of their reveal.

Now, the contributions through the official addresses are increasing faster than for the NGOs. It shows that the people are confident in their contributions as the crypto space is known to be prone to scammers. The BBC reported that concerned parties had unmasked at least one social media post for copying a legitimate NGO post but with a swapped BTC address.

Crypto Donations in Ukraine Exceed $12M.

When crypto. news first reported on the crypto contributions towards Ukraine; the NGOs had received around 19 BTC. The recent figures are mind-blowing as the government raised over $5.4M within eight hours. The total sum contributed to the NGOs, and the Ukrainian government surpasses $12M.

According to data tracker Elliptic, one NGO that vowed to support the Ukrainian Ministry of Defence has raised over $3M worth of BTC. It also added that the Ukrainian government had raised over $6.1M through crypto donations. About $1.86M came from one address that appears to originate from the sale of NFTs intended initially to help Julian Assange.

Come Back Alive, a Ukrainian NGO that supports the military has received the greatest support. It is currently the most popular NGO supporting Ukraine, as multiple social media posts have advertised it. However, its page on the membership platform Patreon was closed on Feb 24, as Patreon advises against military funding.

The ban only made it better for ‘Come Back Alive’ as the donations increased exponentially by Feb 25, 2022. Yesterday, it attracted significant contributions featuring a single one of 80 BTC. Other pro-Ukrainian organizations have also appealed for crypto donations. The generosity of the crypto world may influence governments forcing them to rethink how they view these assets.

Read More: Ukraine Government Limited Crypto Purchases Using Local Currency

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For many crypto investors across the globe, the concept of a staking pool is unknown. It’s like investing in one elicits doubt rather than drawing hordes of investors to it. 

Yet, the overall concept of a staking pool is available on blockchains that employ a proof-of-stake (PoS) model. Further, it requires stakeholders to lock their crypto tokens. They can lock it in a specific blockchain address or wallet in return for an annual percentage yield (APY).

What Are The Staking Pool Returns? 

As a suitable option for long-term crypto token holders, staking pools offer the promise of earning yields. Not only this, but they offer added to the capital gains. These gains are earnable through token value appreciation.

Moreover, One can invest in this revolutionary tool with a fraction of the number of tokens. These tokens can become a validator on a PoS blockchain. However, this pool rewards users on a daily, weekly or quarterly basis.

For instance, investors can stake their ETH tokens in a pool on Coinbase. They need to stake to get daily rewards and with no minimum balance requirement.

Furthermore, another popular blockchain to stake tokens is Cosmos. Cosmos is the second largest ecosystem in the blockchain. Investors can also stake their tokens through various validators on many chains available in the Cosmos ecosystem.

Why do You need To Invest in the Staking Pool?

Staking pools earn rewards in proportion to the tokens invested. Even if the quantity staked is a fraction of what you need to achieve validator status on the blockchain.

Staking pools provide anyone to earn a passive income while still holding on to the crypto tokens for long-term price appreciation. Moreover, investors do not have to worry about how this tool works or the procedures required in setting up and running a validating node, which the staking pool operator instead does on behalf of all the stakeholders.

What You Should Know Before Your Staking Journey?

Despite the potential returns, the costs of operating a crypto staking pool should be USD.

It is important to choose a this tool wisely, as these tokens act as a guarantee for the blockchain. Also, it’s important that the pool operator, who is acting as a validator on the blockchain, does its job without any malicious intent.

Suppose a block is formed with invalid or fraudulent transactions; the blockchain network may burn a certain amount of the tokens staked and result in you losing money staking crypto along with other stakeholders who have invested their tokens in the staking pool.

Moreover, once an investor decides to join this pool, their crypto tokens are locked in a specific blockchain address or with a third party and this may result in stakeholders not having direct control over their staked tokens. It is wiser to choose staking pools that allow stakeholders to participate in the staking process while still having their holdings held on a hardware wallet for more security.

How Should One Begin Their Staking Journey?

It is necessary to conduct thorough research about all available crypto. It is for a particular crypto token, and choose those with a proven track record.

Unlike crypto mining, crypto staking doesn’t involve investing in mining equipment to generate returns. There are several crypto staking pools currently available for different cryptocurrencies that operate on a PoS blockchain. It is suggested that investors choose notable crypto exchanges. Those exchanges that operate public pools over private may offer a higher APY.

Related: Crypto Investments: Russia To Have Stricter Laws To Protect Crypto Investors

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The NFT marketplace is still in beta, and its focus is on creating a social platform for community members of buyers and sellers who can test it and build a larger community.

Coinbase had initially launched the NFT platform in April for a select number of invitees.

According to Yahoo Finance, this launch has come earlier than expected. A spokesperson from Coinbase said that the product is ready for heavier traffic volumes.

In a statement, Coinbase said that the company “believes NFTs are here to stay. The Coinbase marketplace is about much more than just buying and selling.” 

“Coinbase is focused on cultivating a community and is excited to be opening the beta up for more people to enjoy the experience they have created,” it added.

What is Unique About NFT Marketplace?

Coinbase’s NFT marketplace social interaction features allow its users to create a profile and curate it with the NFTs they have created. Users can also comment on NFTs and start conversations with other NFT holders and sellers on the platform. However, they are also exploring what is up for sale in the marketplace.

Furthermore, users can also amass followers and discover other collectors and creators.

According to Chainalysis, NFTs became popular and turned into a more than $40 billion market in 2021.

Coinbase said that users would not be imposed a transaction fee for NFT purchases initially. However, with further progress, the company will start charging one. However, the fee will be single-digit. 

It further added that users could purchase NFTs with either cryptocurrencies or credit cards.

The company has plans to release further details about the marketplace features soon.

The Coinbase NFT marketplace is launching with only Ethereum-based collections such as Doodles, Azuki, World of Women (WoW), and Where My Vans Go.

Related: Coinbase Hires Former Snapchat Indian Executive to Lead Emerging Markets Business

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Gains Network, a fully-fledged DeFi ecosystem, is launching its beta version of on-chain leveraged trading of US stock prices on gTrade, a decentralized trading platform. The beta launch will start off with three US-listed stocks namely $AAPL, $GOOG, and $FBS. It would be a statement from the Gains Network team reads. Also, More US stocks are set to be going into the platform following a successful beta testnet period.

Announced Tuesday, May 3, the launch of leveraged trading of US stock prices will allow users to trade prices of stocks on-chain with leverage of up to 150x. This aims to boost the liquidity of decentralized trading. Further, another goal is to mark a crucial milestone in the DeFi space. Further, The milestone is to mark the first-ever leveraged trading DeFi platform for publicly traded stocks.

We are delighted and honoured to be the project that takes DeFi a significant step further by being the first to offer synthetic. We are leveraging trading on the spot price of US stocks,” Gains Network Founder Sébastien comments. “Use cases are getting closer to what TradFi offers, and the user experience is finally reaching acceptable levels for mass adoption. It truly is the most exciting time to be in DeFi.”

Moreover, Built on Polygon, the Gains Network provides an innovative full-suite DeFi ecosystem. It includes rewards via its deflationary token, $GNS, deeply integrated non-fungible tokens (NFTs). It is staking pools that provide value and high returns, and decentralized leveraged trading via the gTrade platform.

Related: Altcoin Defies correction of Crypto Market with 43% hike in Price!

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