This week in Crypto | May 10, 2022
Here's a roundup of our top stories for the week commencing 2 May 2022 in case you've missed them.
Ukraine has resorted to the use of cryptocurrencies to pose stiff resistance to its neighbor, with the defending country raising nearly $100 million from digital currencies as donations.
Snoop Dogg and venture capitalist and PayPal co-founder Ken Howery joined forces to buy all 25 Fire-Tier editions of Bivouac, receiving ownership-like utility and value in the team, Bankless Times learned from a press release.
A BanklessTimes analysis drawing from OECD’s data shows the value of this market is 3.3% of the global trade.
A new crypto lawsuit tracker published by commercial law firm Morrison Cohen LLP reveals details of more than 300 active and settled court cases in the past decade.
Inflation & Crypto
Stocks and cryptocurrency prices bounced back on Wednesday after the Federal Reserve decided to implement the biggest rate hike in over 20 years.
Bank of England on Thursday increased its interest rate to 1% from 0.75%, the highest since 2009, even as it cut the growth forecast and warned of a massive downturn in the economy with double-digit inflation hitting the United Kingdom.
Crypto Price Predictions
Tron made a spectacular rebound to $0.070, bringing its market cap to over $7.2 billion.
The Green Metaverse Token had a strong performance in April as demand for move-to-earn cryptocurrencies rose.
The XRP price has been under intense pressure in the past few days as cryptocurrency investors waited for the upcoming interest rate decision by the Federal Reserve.