One can hardly name a document more long-hoped-for as the crypto bill, co-sponsored by United States Senators Cynthia Lummis of Wyoming and Kirsten Gillibrand of New York, was for the crypto community. And, it’s finally here. Last week, Lummis and Gillibrand introduced a 69-page bill in the U.S. Senate. What’s inside? The projects of study on the environmental impact of…
In brief The price of Ethereum (ETH) briefly dropped below $950 on decentralized exchange Uniswap overnight. Currently, ETH is down about 20% over the last 24 hours at a spot price of $1,220 at most exchanges. With Ethereum’s price down nearly 20% over the past day and hovering around the $1,200 mark this morning, many crypto investors and industry watchers…
This article originally appeared in Bitcoin Magazine’s “Moon Issue.” To get a copy, visit our store. West of the Andes Mountains in Chile lies the Atacama Desert — the driest place on Earth. There, extreme aridity preserves Earth’s oldest mummies and ensures all but the most resilient flora and fauna quickly join them in death. The same equipment that failed…
The United States equities markets extended their decline to start the week on June 13. The S&P 500 hit a new year-to-date low and dipped into bear market territory, falling more than 20% from its all-time high made on Jan. 4. The cryptocurrency markets are tracking the equities markets lower and the selling pressure further intensified due to the rumored…
It appears there is no respite anywhere in the crypto realm in the face of Monday’s extraordinary market sell-off. Based on data from NFT Price Floor, the floor price for Bored Ape Yacht Club (BAYC) and CryptoPunks, two of the most popular nonfungible token, or NFT, collections on the market, has fallen to 74 ETH ($92,223) and 48 ETH ($69,473),…
Crypto lending firm BlockFi today announced that it was cutting staff—making it the latest company in the digital asset space to give employees the chop amid a brutal bear market. The firm said in a Monday statement that it was reducing its headcount by “roughly 20%.” BlockFi joins U.S. cryptocurrency exchanges Gemini, Coinbase, and Crypto.com in workforce cuts. A number…
Bitcoin (BTC) lost the $28,000 support on June 12 following worsening macroeconomic conditions. The United States Treasury 2-year note yield closed on June 10 at 3.10%, its highest level since December 2007. This shows that traders are demanding higher rates to hold their debt instruments and expect inflation to remain a persistent challenge. Louis S. Barnes, a senior loan officer…
press release PRESS RELEASE. Formula One is one of the greatest sports in the world and brings about the best automobile teams which compete for the title yearly. From the racing tracks in Spa to the roads of Monte Carlo in Monaco, Formula One has developed into a billion-dollar industry with teams and drivers boasting a cult following globally. The…
Major crypto exchange Binance has announced that it had resumed Bitcoin withdrawals after more than three hours amid extreme market volatility. In an update during what many are calling cryptocurrency’s “Black Monday,” Binance said on its website the exchange would be processing Bitcoin (BTC) network withdrawals within “the next couple of hours” following the resumption of activity. The platform announced…
This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience. Link to the audio read of the article. Startups are a giant fiat game. They are perceived to be the engines of the economy, the drivers of innovation and the creators of wealth. In reality, they mask the…
