The Bank of England yesterday announced it would intervene to direct and oversee collapsing stablecoins should the British central bank decide that a stablecoin issuer “has reached systemic scale fail [sic].” The news came via a document prepared by the HM Treasury in response to a cryptocurrency consultation that began in January 2021 and concluded in April this year. The…
Singapore’s deputy prime minister has advised retail investors to steer clear of cryptocurrencies, citing that they are “highly risky.” He stressed, “We cannot express this enough.” Singapore’s Deputy Prime Minister Warns About Crypto Singapore’s Deputy Prime Minister Heng Swee Keat reportedly warned retail investors against investing in cryptocurrency Tuesday while speaking at the Asia Tech x Singapore (ATxSG) summit. He…
Binance Labs, the investment arm of crypto giant Binance, launched a $500 million fund in partnership with global investors including DST Global Partners and Breyer Capital to drive innovation across the crypto, Web3 and blockchain landscape. Binance Labs plans to allocate the latest $500 million fund to projects across various stages — incubation, early-stage and late-stage growth. Sharing his take…
Goldman Sachs, one of the leading investment banks in the United States is reportedly trying to onboard some of its derivatives products into FTX.US crypto derivatives offerings. Goldman Sachs has been in talks with FTX over regulatory and public listing help, and aims to expand into crypto derivatives offering by leveraging some of its own derivatives tools and services, reported…
Cryptocurrency trading platform KuCoin has launched a new decentralized wallet platform as interest in Web3 continues to gather steam. KuCoin Wallet is now live for users, with the browser-based platform paving the way for a mobile application which is still in development. The platform plugs into the KuCoin ecosystem and features cross-blockchain integration. Users will be able to buy, sell,…
Bitcoin (BTC) faces a “cycle bottom” this year in which it could drop over 50% from current levels, research claims. In a Twitter thread on June 1, Venturefounder, a contributor at on-chain analytics platform CryptoQuant, forecast 2022 as Bitcoin’s year to “capitulate.” Bitcoin now has “best 3-year ROI ever” Based on historical patterns involving Bitcoin’s halving cycles, this year should…
Think of the Cannes Film Festival and you’re probably picturing Hollywood stars disembarking from boats and wafting up the red carpet. The reality is a bit less glamorous; away from the premieres and beach parties, it’s a glorified sales market, where independent film companies tout their slates to mid-ranking execs at distributors. Which makes it a good place to see…
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Axie Infinity (AXS) price dropped sharply on June 1, suggesting that its supersonic gains in the last two days might have been a part of a bear market rally. The AXS/USD pair soared 54% week-to-date to over $28 on May 31, its highest level in three weeks. But Axie Infinity price failed to hold the gains, correcting by more than 21%…
The Ether (ETH) to U.S. dollar (USD) pair has pulled the biggest number of traders from January to March 2022, according to trading platform Capital.com. In its quarterly report, Capital.com noted that in 2021, the most significant number of traders was held by the Dogecoin (DOGE) to USD pair. However, the ETH/USD pair has taken the spot for most traders…
