Month: June 2022

Bitcoin managed to bounce off a critical support and if the higher levels sustain, FTT, XTZ, KCS and HNT could attract buyers. Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-ftt-xtz-kcs-hnt

Authorities in the EU are moving closer to a deal on a legislative package tailored to comprehensively regulate the crypto market and related activities in Europe. According a media report, an agreement on the key legislation is likely to be reached as early as this month. Deal on EU Crypto Law Expected by End of June, Sources Say Representatives of…

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Outages and safety ratings may break Solana’s bones, but words will never hurt it. And Solana has a sense of humor. The Layer-1 blockchain has jokingly renamed itself Solano on Twitter after Jack Dorsey misspelled the cryptocurrency’s name in a Twitter thread.  Dorsey, a noted Bitcoin maximalist, has routinely derided all cryptocurrencies and chains besides Bitcoin as inferior and unreliable.…

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Moneygram, a remittance and payments company based in the U.S., has announced the integration of USDC, a dollar-pegged stablecoin, as a settlement asset for its cash to crypto and crypto to cash program. The company will first allow users to exchange USDC for cash and vice versa in certain markets, including Canada, Kenya, the Philippines, and the U.S., with expectations…

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Coinbase CEO Brian Armstrong called an online petition anonymously created by his employees “really dumb on multiple levels.” The petition, made public on Friday, calls to remove COO Emilie Choi, Chief Product Officer Surojit Chatterjee and Chief People Officer LJ Brock in a vote of no confidence from the biggest cryptocurrency exchange in the U.S.  The petition has since been…

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Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. However, after the Terra stablecoin fallout, the fiat-pegged token economy lost $16.31 billion in value since then. While that value was erased from the stablecoin market, stablecoins themselves represented 9.35% of the entire crypto economy’s…

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On June 2, 2022, the United States Commodity Futures Trading Commission (CFTC) initiated an action against Gemini, the crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss. Among other things, the complaint alleges that Gemini made a number of false and misleading statements to the CFTC in connection with the potential self-certification of a Bitcoin futures contract, the prices…

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Illustration by Mitchell Preffer for Decrypt It was a challenging week for the crypto community as the leading coins fell yet again. As usual on Crypto Twitter, prices were everyone’s least concern. Instead, the drama centered on the seemingly interminable saga of Tesla CEO Elon Musk’s bid to buy Twitter. There were also more accusations of foul play leveled at…

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Gathering significant consensus within the community is the first step of the process. Sometimes, even the most valuable proposals can take years before they are approved or rejected because the community can’t find an agreement. Once a BIP is submitted as a draft to the BIP GitHub, the proposal gets reviewed and worked on transparently so that everyone can view…

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We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Alex Wilson, co-founder of The Giving Block — a crypto donation solution that provides an ecosystem for nonprofits and charities to fundraise Bitcoin…

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