Raoul Pal – CEO of Global Macro Investor – predicted the bottom in the crypto markets will be in within the next five weeks, saying he may start buying heavily as early as next week. He compared the current bear market to the violent crypto plunge in 2014 while suggesting that the ongoing bloodbath could...Read More
In an interview with Axios, Commodity Futures Trading Commission (CFTC) commissioner Christy Goldsmith Romero urged Congress to close the regulatory gap on cryptocurrencies. Responding to the recent plunge that has drained over $400 billion out of the crypto market within days, she said the unregulated sector shares similarities with some parts of the financial sector...Read More
The last thing Justin Sun – founder of TRON – would like to see is the UST-Terra fiasco being repeated again on his stablecoin project USDD. The confident founder, who had vowed the lost peg of the stablecoin would be soon recovered, injected $220 million on Wednesday to purchase TRX on Binance. According to the...Read More
Jesse Powell, founder and CEO of popular cryptocurrency exchange Kraken, recently commented on the company’s latest corporate culture document emphasizing the need for a “crypto-first culture.” Internal Debates on Kraken According to Powell, Kraken recently had some heated internal debates, and a small group of 20 employees out of the company’s 3,200 staff were not...Read More
It is a known fact that the crypto space is now in the middle of a notable bear market which is yet to find its bottom. The star crypto, Bitcoin, currently appears struggling to restore the last line of defence above $20,000. In such a case, the crypto market tumbles down heavily and at the...Read More
As per the latest data compiled by crypto analytic platform, IntoTheBlock, USDC stablecoin recorded its second-highest volume ever. USDC Winning the Tussle ITB said that with Bitcoin and Ethereum going down below $21k and $1,100, the total volume transacted on-chain on USDC reached $38.72 billion. Interestingly, this isn’t the first time that USDC has sailed...Read More
[PRESS RELEASE – Please Read Disclaimer] A step to further empower BGB Singapore, 15 June 2022 – Leading global derivatives exchange – Bitget, is pleased to announce the launch of its first listing vote with AFKDAO, a DeFi infrastructure for utility NFTs. To fully meet and understand the needs from platform users, a voting mechanism...Read More
[PRESS RELEASE – Please Read Disclaimer] Recently, the limited digital collection Guangming Art — Projector of 10,000 mystery boxes was put on sale and sold out swiftly. This smooth launch marks the start of WaykiChain’s NFT efforts. Thanks to WaykiChain’s influence in the community, this NFT debut has kindled the interest of collectors and related...Read More
Even with the Fed raising interest rates by unprecedented amounts, last week’s Consumer Price Index (CPI) numbers showed a further 6% gain. Record gas prices continue to drive inflation at an incredible rate, causing uncertainty in global markets. Since the Bitcoin and Ethereum prices continue to follow stock market actions, we’re seeing further losses as...Read More
[PRESS RELEASE – London, United Kingdom, 14th June 2022] Kitsumon has today announced the launch of their highly anticipated Breeding testnet, giving users the ability to test the game’s breeding mechanism first-hand and create new ‘hybrids’ from their Kitsus. Additionally, the Kitsumon ‘Early Bird’ Potion Sale is now live to let users prepare for the full...Read More
While it’s still early to speculate if Brazil is following in El Salvador’s footsteps, the latest proposal demonstrates the country racing towards meaningfully regulating the crypto industry as adoption reaches a pivotal stage. The latest bill, presented by Federal Deputy Paulo Martins on June 10, seeks to add Bitcoin (BTC) and other cryptocurrencies as a...Read More
Tether – the company behind the leading stablecoin by means of overall market capitalization (USDT) – has publicly dismantled rumors about Asian Commerical Paper backing and more. The downturn in the cryptocurrency markets continues but Tether – one of the most prominent players in the industry – debunked some of the rumors that are running...Read More
{PRESS RELEASE – Greenwich, Connecticut, 14th June 2022] Spritz Finance, a Web3 personal finance platform for decentralized finance (DeFi) users to easily pay their bills with crypto, announced today that the company’s closed beta for its bill pay product is now available to all Polygon Network users, beginning in the United States. Polygon’s ecosystem creates...Read More
Streamflow is pleased to announce a $3.1 million seed round headed by Jump Crypto and including participation from other investors like Solana Ventures, GBV, MEXc Labs, Paribus Ventures, Hypersphere, IVC, Genblock Capital, AngelDAO, T3E, AmberGroup, Solidity Ventures, Ratio Finance, and Huobi Ventures The funds received will be used to expand the team and develop a...Read More
MicroStrategy refuted rumors that it had received a margin call against its $205-million bitcoin-backed loan from Silvergate Capital, although BTC dipped below the company’s liquidation price of $21,000. The NASDAQ-listed business intelligence giant started accumulating massive portions of bitcoin nearly two years ago. Since then, it has bought nearly 130,000 BTC. Some purchases came from...Read More
BlockFi is far from having a peaceful season. Not only the crypto industry is suffering the hits of a bear market, now the crypto lending platform is facing a nearly $1 billion fine imposed by the State of Iowa which could have played a role in a recent decision to cut down its workforce to...Read More
Arizona State University (ASU) – one of the biggest public universities in the States – intends to join the Metaverse and Web3 ecosystems. It also plans to release non-fungible tokens (NFTs) for authenticating event tickets and certificates. ASU to Conduct Classes in a ‘Virtual Environment’ A series of trademark filings with the United States Patent...Read More
