Bitcoin (BTC) crept higher after the June 14 Wall Street open as analysts hoped that long-term support had been preserved. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hopes for “relief” from FOMC meeting Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded above $22,500 at the time of writing, having hit local highs of $23,300 on the day.…
Collateralized Monkey JPEGs: CEO of Arcade Talks to Decrypt at Consensus Arcade, an NFT liquidity provider, says it’s facilitating $25 million in loans against blue-chip NFTs like Bored Apes. Arcade CEO Gabe Frank talks to Decrypt’s Jason Nelson at Consensus 2022. Source: https://decrypt.co/videos/interviews/ssYNZ72h/collateralized-monkey-jpegs-ceo-of-arcade-talks-to-decrypt-at-consensus
Alejandro Zelaya, the minister of finance of El Salvador, reacted to the recent media attacks on the nation’s strategy of investing in Bitcoin (BTC) by calling the allegations of fiscal risks “extremely superficial.” During a press conference held on Monday, Zelaya responded to a journalist’s question about the government’s reaction to Bitcoin’s sharp dip in an emotional manner: “There is…
NFT collectors, no longer content with just using their tokens as NFTs as status symbols, are finding a way to leverage their favorite digital art as collateral for loans. One platform that makes this possible is Arcade, a peer-to-peer liquidity protocol for NFTs. NFT collectors use platforms like Arcade, NFTfi, and Drops to tap into the value of their holdings…
THETA was trading higher on Tuesday, as prices rebounded, moving away from multi-year lows in the process. HNT also rallied, climbing by as much as 20% earlier in today’s session. Theta Network (THETA) THETA was one of the most notable movers during today’s session, as prices gained by nearly 20% earlier in the day. Following a low of $0.9688 to…
Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, reiterated his call for investor protection in securities offered by crypto firms. Speaking virtually at the Robert F. Kennedy Human Rights Compass Investor Conference on Tuesday, Gensler said the SEC would use its existing authority to focus on cryptocurrency projects and exchanges, warning people of potentially “too…
Global digital asset fund outflows totalled $102 million last week, as bears continued to hold sway over the cryptocurrency market, according to a CoinShares report. Bitcoin outflows last week stood at $57 million, taking the month-to-date outflows to $91 million. Ethereum also saw outflows totalling $41 million last week. Ethereum is the worst-hit asset, with outflows of nearly $386.5 million…
Michael Saylor said his company had anticipated eventual bitcoin volatility and is prepared to “HODL through adversity.”MicroStrategy took out a $205 million bitcoin-backed loan from Silvergate Bank in March 2022 and risks getting margin called if bitcoin falls below $21,000.Saylor had previously tweeted that the company has 115,109 BTC as well as other assets available to post as collateral to…
Hardware cryptocurrency wallets are known for granting users full control of their crypto and providing more security, but such wallets are prone to risks such as theft, destruction or loss. Does that mean that all your Bitcoin (BTC) is lost forever if your hardware wallet is lost, burned or stolen? Not at all. There are a number of options to restore…
Decrypt Learn: What is a Dapp? A dapp is a decentralized app built on blockchains to give you more ownership and freedom in your digital life. Dapps are the next generation of software. Explore the vast selection of dapps on Ethereum today. Curious how to build dapps? Start building free at infura.io. Source: https://decrypt.co/videos/explainers/nD7yFTK8/decrypt-learn-what-is-a-dapp
