The Bank of Spain has already included 17 virtual asset service providers in its own registry, in which cryptocurrency exchanges and custody providers must be listed to operate, according to Spanish law. Three new companies were included last week, but big names in the crypto ecosystem are still not registered. Bank of Spain Crypto Registry Reaches 17 Companies …
AVAX is testing support at $14.80 and the network’s DApp use is underperforming its competitors, suggesting that the easiest path forward is down. Source: https://cointelegraph.com/news/avalanche-avax-price-drops-45-in-a-month-and-data-points-to-further-downside
Gustavo Petro, who recently won the 2022 Colombian presidential election, has previously made statements in favor of cryptocurrencies. Petro will replace Iván Duque Márquez as the president of Colombia on August 7 for four years after winning the second round of a run-off election on Sunday. The president-elect took to social media in December 2017 shortly after a major bull…
The modern DEX is designed to take advantage of the benefits of both CEX and DEXs by leveraging innovative technologies to enable more efficient transactions. Since limitations are presented for both the modern CEX and DEX, many propose that for widespread asset adoption, a non-custodial platform that supports assets across many networks is needed. In theory, this experience would enable…
The Israeli central bank looked at trust issues and policy decisions implied in a potential digital shekel, as well as some of the technical aspects of digital currency. Source: https://cointelegraph.com/news/bank-of-israel-experiments-with-central-bank-digital-currency-smart-contracts-and-privacy
On June 16, 2022, the Draper Decentralized Studio hosted a demo day for their accelerator candidates to propose solutions to an invite-only group of 60-plus investment funds, angel investors and media. With Tim Draper, Alyse Killeen of Stillmark and Nic Carter of Castle Island forming the investor panel, this was an exciting opportunity for early-stage companies to share their work…
Twitter’s board, according to an SEC filing today, is unanimously asking shareholders at an upcoming special meeting to approve Elon Musk’s $44 billion bid to acquire the social media giant. The official recommendation brings Musk’s buyout of the company one step closer to fruition, mere weeks after the world’s richest man flirted with exiting the deal. Board members said in…
Uniswap Labs, the company behind the Ethereum-based decentralized exchange Uniswap, is acquiring the NFT aggregation platform Genie. “We’re trying to bring everything we brought to the ERC-20 space to the NFT space,” Uniswap founder and CEO Hayden Adams said Tuesday in a Bankless interview discussing the announcement. NFTs—unique blockchain tokens that signify ownership—can be purchased on a number of different…
There is good reason to be afraid. Previous down markets have seen declines in excess of 80%. While tightfisted hodling might hold wisdom among many Bitcoin (BTC) maximalists, speculators in altcoins know that diamond handing can mean near (or total) annihilation. Regardless of one’s investment philosophy, in risk-off environments, participation flees the space with haste. The purest among us might…
During a Crypto Winter, investors tend to stash a portion of their bull market gains in stablecoins to wait out the downturn. But over the past two months—through Terra’s UST stablecoin collapse, panic over a potential bank run at crypto lending company Celsius, and insolvency for crypto hedge fund Three Arrows Capital—that bearish behavior has played out very differently for the…
