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This week in Crypto | May 10, 2022

This week in Crypto | May 10, 2022

Last updated 5th Aug 2022
Disclosure

Here's a roundup of our top stories for the week commencing 2 May 2022 in case you've missed them.

Cryptos: Ukraine’s Lethal Weapon Against Russia

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 Buys 25 Fire-Tier Bivouac Editions from Ice Cube’s BIG3

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.

The Global Value of Counterfeit Goods Represents 3.3% of Global Trade

A BanklessTimes analysis drawing from OECD’s data shows the value of this market is 3.3% of the global trade.

New Crypto Lawsuit Tracker Reveals Details of Hundreds of Court Cases

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

Will the Hawkish Fed Sink Altcoin and Bitcoin Prices?

Stocks and cryptocurrency prices bounced back on Wednesday after the Federal Reserve decided to implement the biggest rate hike in over 20 years.

BoE Raises Interest Rate to 1%, Warns of 10% Inflation

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 Price Prediction: TRX Outlook For May 2022

Tron made a spectacular rebound to $0.070, bringing its market cap to over $7.2 billion.

GMT Price Prediction for May 2022: Brace for a Pullback

The Green Metaverse Token had a strong performance in April as demand for move-to-earn cryptocurrencies rose.

XRP Price Prediction: Sell Ripple in May and Go Away?

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.

Amala Pillai

Amala Pillai

Amala is custom content and news editor based in London. She is a former financial journalist based in Singapore with 7 years of experience covering a range of business and financial topics. Now she focuses on crypto and macro-economics. She has also covered feature profiles, tech, business politics and ESG— she was the Environment Editor for the Solutions Newspaper, 2016 and worked in an editorial capacity at both News corp (Dow Jones) and JBN. She also has experience as a content creator, strategist and brand editor for various financial institutions and banks.