Lightning Labs has announced the release of the beta version of the Lightning Network Daemon (lnd). The firm has revealed incorporating several improvements in the new – v0.15-beta. The main idea is to offer developers and users access to the “latest and greatest” Bitcoin protocol upgrades that include Taproot and Musig2. Taproot and Experimental Musig2...Read More
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.)This current crypto nuclear bear market marks my third brush with generalised market carnage. And while they can sometimes feel...Read More
The past months have been long and bumpy for Bitcoin, which took yet another plunge below the psychological level of $20k. But that isn’t stopping the retail investors from buying the dip. Investors, both big and small, have lost significant money on their Bitcoin bets. But latest data from IntoTheBlock suggest that retail is stacking...Read More
Analysts at Deutsche Bank – Marion Laboure and Galina Pozdnyakova – argued that the cryptocurrency market is “highly fragmented,” and its decline could continue in the near future. However, they believe bitcoin might tap $28,000 by the year’s end, assuming it keeps its close correlation to US stocks. BTC at $28K by Christmas The past...Read More
As Bitcoin’s price tanks below 2017’s highs, the latest Bitcoin ETF to hit the US market has been thriving. ProShares short Bitcoin ETF (BITI) is already the second-largest Bitcoin ETF in the country. Bullish on the Bear Market Since BITI launched on June 21st, its accumulated net short exposure equivalent to 939 BTC within a...Read More
Note: This post has been updated to include direct comments from BlockFi CEO Zac Prince, in which he denies the deal. Crypto exchange FTX is reportedly finalizing terms to buy out the embattled crypto lending platform, BlockFi. However, the exchange is offering just $25 million – a 99% discount on BlockFi’s latest private valuation. Sources...Read More
The Singapore Regulatory Authority namely, Monetary Authority of Singapore (MAS) on Thursday has reprimanded Three Arrow Capital (3AC) for providing false information and exceeding assets under management threshold, in a press release. The reprimand relates to transgressions committed by 3AC before notifying MAS in April 2022. The MAS has been looking into these violations since...Read More
With bitcoin continuing to experience adverse price movements and dumping below $20,000 for the second time in June, the asset is on the brink of registering its worst-performing quarter in about a decade. Bitcoin’s 60% Q2 Drop Data from Coinglass shows that the primary cryptocurrency is down by almost 60% in Q2, which will end...Read More
Tl;dr: Coinbase is introducing its innovative VSCode extension created in collaboration with the Relay team, for the Relay GraphQL client, which is available for developer use now. By Terence Bezman, Coinbase Senior Software Engineer In collaboration with the Relay team at Meta, Coinbase has built a VSCode extension to integrate with the Relay language server...Read More
On Thursday, investment company Jacobi Asset Management announced it would launch a Bitcoin Exchange-Traded Fund (ETF) on the Euronext Amsterdam Exchange in July. Jacobi to Launch Europe’s First Bitcoin ETF The firm’s official announcement noted that the new fund is called the Jacobi Bitcoin ETF and will trade under the ticker BCOIN. The product will...Read More
After a sharp rebound last week, Bitcoin and Ethereum again suffer significant bearish momentum as BTC and ETH prices dip to yearly lows at $19k and $1k, respectively. The bear market is in full effect for crypto and traditional markets. Tech stocks are having their worst year yet, with major stocks like Apple Inc (AAPL)...Read More
Bitcoin has fallen roughly 70% from its spike of $68,000, and it may fall even more. Meanwhile, while many investors predict a Bitcoin bottom, others seem to have exited the market due to the fear of declining prices. Nevertheless, as per the data, the actual situation is not what it appears to be with the...Read More
The Monetary Authority of Singapore (MAS) said it had reprimanded Three Arrows Capital on June 30. The central bank alleged that the beleaguered crypto hedge fund provided misleading information and also surpassed the assets under the management (AUM) threshold permitted for a registered fund management company (RFMC). The announcement stated, “TAC had represented to MAS...Read More
Nearly $2 trillion in crypto market value has evaporated in months since the sky-rocketing prices in November last year. But, according to JPMorgan Chase & Co.’s Nikolaos Panigirtzoglou, the deleveraging that prompted the rout is at an advanced stage and may not have much further to run. A Bottom May Be Near With markets sliding...Read More
[PRESS RELEASE – Please Read Disclaimer] Cannumi launches its solution for the cannabis industry to create countless opportunities leveraging the power of the blockchain technology. Cannumi, a Polish-based company specializing in CBD products, introduces revolutionizing solution for cannabis-related education, business establishment, and management supported by the decentralized peer-to-peer approach and fueled by attractive opportunities for...Read More
Crypto derivatives exchange CoinFlex is unlikely to restore withdrawal services on its platform on Thursday as promised by CEO Mark Lamb on Monday. Speaking to CNBC, Lamb clarified that the company needs more time to fix the liquidity crisis arising out of a $47-million negative equity of a customer – Roger Ver. “We will need...Read More
[PRESS RELEASE – Majuro, Marshall Islands, 29th June 2022] Gate.io, one of the world’s earliest cryptocurrency exchanges and a leader among digital asset platforms, is introducing Fractional NFTs service and blue-chip NFT crowdfunding features on its Gate NFT platform. As the world of Web 3.0 unfolds, NFT collections are highly sought after, especially PFP NFTs....Read More
OpenSea – one of the most popular NFT-centric platforms – has reported a data breach affecting the personally-identifying information (PII) of customers subscribed to the company’s mailing list. Lax External Security at Fault The breach was not caused by OpenSea itself, the firm explained. Rather, it was due to an employee of Customer.io, a third-party...Read More
The notorious North Korean hacking group – the Lazarus Group – is suspected to be the one that attacked the cryptocurrency protocol Harmony. The criminal organization has been involved in numerous similar heists throughout the recent years. The Lazarus Group’s Next Victim Last week, Harmony revealed that wrongdoers breached its Horizon Bridge and drained approximately...Read More
On June 29, the U.S. securities regulator rejected the proposal by Grayscale to list a spot Bitcoin exchange-traded fund (ETF) on the NYSE Arca exchange. According to the SEC, the proposal did not meet standards designed to prevent fraudulent and manipulative market practices. It stated that the rejection was not based on an “assessment of...Read More
CBDCs are an investment to protect the fiat-based monetary system. Cash is on its way out, and its share as a medium of payment will significantly reduce in the coming years. For central banks to stay up to date with modern developments and public demands, they must develop CBDCs. These remarks were made by Cecilia...Read More
