Third-party custodians like Celsius failing is a reminder of one of the most basic principles of crypto; not your keys, not your coins. Source: https://cointelegraph.com/news/celsius-crisis-exposes-problems-of-low-liquidity-in-bear-markets
Month: June 2022
Binance-owned Trust Wallet adds buy option via Binance Connect
Trust Wallet, a major self-custodial cryptocurrency wallet owned by the Binance crypto exchange, has completed a significant integration to enable easier crypto purchases. The Trust Wallet platform has integrated Binance’s official fiat-to-crypto provider Binance Connect, allowing users to purchase more than 200 crypto assets directly from credit or debit cards, the firm announced to Cointelegraph on June 22. Trust Wallet’s…
Bitcoin, Ethereum Technical Analysis: ETH Down, as Two-Day Winning Streak Ends on Hump Day
Bitcoin hit a hurdle on hump day, as the world’s largest crypto token moved lower, following strong gains to start the week. ETH also slipped during today’s session, with prices moving back towards the $1,000 mark. Bitcoin Following two straight days of gains, BTC was lower on hump day, as bears seemingly re-entered the marketplace. BTC/USD is down by nearly…
ECB head calls for separate framework to regulate crypto lending
A week after the major American crypto lending platform Celsius had to freeze the withdrawal option for its users, European Central Bank (ECB) president Christine Lagarde voiced her conviction on the necessity of tighter scrutiny over this part of the crypto market. During the testimony before the European Parliament on Monday, June 20, Christine Lagarde expressed her thoughts not only…
gm: Meet Red-Hot ‘Move to Earn’ NFT App Stepn
gm: Meet Red-Hot ‘Move to Earn’ NFT App Stepn Stepn is the talk of Crypto Twitter: an app that rewards you in crypto for exercising outdoors. But first you have to buy a pricey sneaker NFT. Stepn CMO Shiti Manghani joined the gm podcast to talk about how the app works, its GST and GMT tokens, Stepn’s recent decision regarding…
Crypto Investors Are Adherents of the Greater Fool Theory – Emerging Markets Bitcoin News
The incoming governor of the Philippine central bank, Felipe Medalla, has suggested that people that invest in cryptocurrencies like bitcoin are adherents of the Greater Fool Theory. He also argued that people investing in cryptocurrencies are doing so because they want to “hide their money from the government.” A ‘Very Scary’ Investment Strategy The new governor of Bangko Sentral ng…
Meet the Snoop Dogg impersonator who walked around NFT.NYC
Doop Snogg, the impersonator, was hired to “drum up excitement” at the NFT.NYC conference. Source: https://cointelegraph.com/news/meet-the-snoop-dogg-impersonator-who-walked-around-nft-nyc
European Commission Advisor: ‘We’re Currently Not on Track to Regulate DeFi’
The founders of Brussels Blockchain Week set out with a few goals in mind when they set out to host the event: introduce the crypto-curious to the space, showcase the Belgian blockchain ecosystem, and build some bridges between the industry and regulators. “If there’s one thing Brussels symbolizes to people it’s regulation,” the event’s co-founder Christophe de Beukelaer told Decrypt…
Embr Releases Checkout to Future-Proof Trust in Web3 Payment Experiences – Sponsored Bitcoin News
sponsored Embr is an all-remote corporation building a global Web3 fundraising infrastructure, and Checkout is the first of many product releases focused on moving startups and creators into a new era of the internet. Web3 has the potential to rewrite the future of economic opportunity for innovators and investors everywhere. Still, crypto first-timers and veterans alike often suffer through long,…
Crypto brokerage FalconX raises $150M at $8B valuation
FalconX is the latest cryptocurrency firm to secure millions of dollars in fresh funding despite the cryptocurrency markets experiencing a major decline. Source: https://cointelegraph.com/news/crypto-brokerage-falconx-raises-150m-at-8b-valuation