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FileCoin Foundation and Lockheed Martin Sets Course to Build IPFS Nodes in Space

The FileCoin Foundation has partnered with Lockheed Martin Space to create blockchain nodes in space. According to a recent tweet, FileCoin is looking forward to developing the blockchain infrastructure in space via IFPS.

The corporations are collaborating to launch the Interplanetary File System into orbit as a vital piece of digital technology that will change how information is accessible in the current economic system.According to the FileCoin foundation, good space communications infrastructure directly translates to the prosperity of the space economy. Therefore, the partnership is the next step in developing infrastructural facilities that will revolutionize how people will obtain and transmit information in Space.

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Coinbase offers ‘thousands of tokens’ in expanded swap service

Coinbase has added BNB Chain and Avalanche to its list of supported networks for the Coinbase Wallet, which will give traders far greater access to tokens that are not listed on the Coinbase exchange.America’s largest crypto exchange Coinbase has added the BNB Chain, formerly Binance Smart Chain, and Avalanche to the Coinbase Wallet’s list of supported networks where users can swap and store cryptocurrencies.

The Tuesday blog post from the exchange boasts that the added functionality will provide access to “thousands of tokens,” which constitute a “greater variety than most traditional centralized exchanges can offer.”The added functionality to BNB Chain and Avalanche brings the total supported networks up to four, including Ethereum and Polygon. Users of the wallet who wish to trade on-chain can use Coinbase’s own in-app decentralized exchange (DEX) on four networks.

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Crypto market flashes green as Bitcoin reclaims $30,000

After a period of a bearish trend engulfing the entire cryptocurrency market, things are finally starting to move in a more positive direction, with some crypto asset gainers standing out more than others.Indeed, the flagship digital asset Bitcoin (BTC) now trades at $30,437, having gained 1.56% over the previous 24 hours and 2.45% compared to seven days before, according to the data acquired from CoinMarketCap on May 23.

Its second contender in terms of market capitalization – Ethereum (ETH) – has also recorded gains as well, rising 2.39% on the day and 2.39% over the week.The total crypto market cap is moving in the positive direction as well, currently standing at $1.303 trillion – a 1.48% increase in 24 hours and a 2.92% rise over the previous week from $1.266 trillion.Meanwhile, the top three gainers among the top 100 coins by market capitalization have been Neo (NEO), eCash (XEC).

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Waves (WAVES) Up 6.01% Monday

Waves (WAVES) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has gained 6.01% to $6.23.The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. WAVES's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

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Helium founder: Nova Labs supports a decentralized internet

We spoke to the Chief Operating Officer of Nova Labs about the Helium network, its issues and what's next for decentralized internet networking.We recently caught up with Helium Chief Operating Officer Frank Mong to talk about the future of decentralized internet networking.Nova Labs, formerly Helium Inc, recently received $200 million in funding at a $1.2 billion valuation.

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https://t.me/Helium_Waves_Stepn

Bitcoin, Ether, Cardano, Solana Bull Rally In Second Half Of 2022 Is ‘Unquestionable’, Says Crypto Exec

The prices of cryptocurrencies have left investors scratching their heads on whether the worst of the storm has passed or prices could plunge even deeper. One crypto executive thinks that a strong recovery in the second half of the year is in play.

Jack McDonald, the CEO of PolySign told CNBC that he thinks that the worst could be behind the crypto markets and investors can expect a strong recovery in the coming months. He noted that the falling prices of Bitcoin, Ethereum, Cardano, Solana, and other cryptocurrencies are because they are seen as “risk-on, risk-off assets” with an increasing correlation with the broader markets.

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Litecoin (LTC) Activates MimbleWimble’s Privacy Enhancements

After years of working on the MimbleWimble (MWEB) implementation for Litecoin (LTC), MWEB has officially been activated. The information has been released and published by the Litecoin Foundation on their official website on May 20th.MimbleWimble will allow Litecoin users to send and receive LTC without sharing private information with third parties.

The Litecoin network has been upgraded to implement the MibleWimble upgrade as a soft fork. This was an initiative that started thanks to Charlie Lee, Litecoin’s founder, in 2019. At that time, he claimed that fungibility was the only property of sound money that was missing from both Bitcoin (BTC) and Litecoin.

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Coinbase Outlines Cost-Cutting Measures, Employee Grants Amid Weak Results and Crypto Rout

U.S. cryptocurrency exchange Coinbase Global (COIN) is pausing new hiring for two weeks and slashing cloud spending on Amazon Web Services, along with other cost-cutting measures following its recent weaker-than-expected earnings report and the overall crypto market rout.

Coinbase also told employees it will give them more stock grants to offset half the difference between ones made earlier this year and Coinbase’s closing share price last Friday, according to The Information’s report.One of the emails discussed plans to reduce spending on cloud services such as Amazon Web Services and Datadog, and also cutting gas fees on internal wallet transfers, according to the Information.

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Celsius Faces a Revolt as a High-Yield Crypto Plummets

Tensions are boiling over at the giant crypto lending platform Celsius Network. Some customers say they were unfairly wiped out in the recent crash and its chief executive says unknown malefactors are trying to bring down his company.

While it is little known outside crypto circles, Hoboken, N.J.-based Celsius Network LLC is one of the largest crypto-lending firms in the world, with more than $11 billion worth of assets, according to the company. It is part of a fast-growing ecosystem of firms that take cryptocurrency deposits.At Celsius, investors can choose to earn their yield in the form of the crypto they deposit, but the highest yields go to those willing to take interest in the form of CEL, the company's own token.

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​​Binance confirms its working to win German regulatory approval

 exchange Binance said it's in talks to become regulated in Germany as it engages with regulators across Europe, confirming reports from February that the company was looking to become regulated in the country.The talks with German authorities follow the exchange's approval by French regulators earlier this month.

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Ethereum Whales Are Accumulating These Altcoins As Crypto Market Stands Still

Since the crypto markets are displaying warning signs of stability, the largest Ethereum (ETH) whales are obtaining decentralized oracle community Chainlink (LINK) and hard and fast decentralized finance (DeFi) altcoins.

When whales aim to retain their assets for a long time, they frequently transmit cryptocurrencies from platforms. Close to 5000 of the biggest Ethereum wallets (the “whales”) are tracked by Whalestats, with an average value of $24,239,292 and an average of 10,244 ETH, 7 tokens, and 1 NFT.On the other hand, it seems that ETH whales are now heading to DeFi space. These whales are especially opting for crypto lending platform NEXO as well as UMA.

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Crypto industry wields its influence in Washington after pouring over $30 million into campaigns

U.S. Rep. Ritchie Torres, D-N.Y., called on New Yorkers to support the cryptocurrency market in a March op-ed in the New York Daily News titled, “A liberal case for cryptocurrency.”

“With a multi-billion dollar market capitalization, crypto is here to stay. It’s not going anywhere. New York City should and must embrace crypto if it is to remain the financial capital of the world,” wrote Torres, who sits on the House Financial Services Committee.Torres defended his crypto-backed events in a statement to CNBC, reiterating that he’s received “minimal” contributions from those in the digital currency industry.

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