Cointelegraph’s editor-in-chief Kristina Cornèr interviewed Bybit founder Ben Zhou at the Formula 1 Grand Prix at Monaco, discussing topics like educating newcomers in crypto, the effects of the Terra (LUNA) debacle on institutional interest, and the survival of Bitcoin (BTC) amid new developments in the industry. According to Zhou, the firm’s partnership with Red Bull Racing has allowed them to…
Month: June 2022
Three Arrows Capital Liquidated for Millions, Sources Say Crypto Hedge Fund May Face Insolvency – Bitcoin News
According to “well-placed sources,” speaking with The Block reporter Frank Chaparro, the digital currency hedge fund known as Three Arrows Capital (3AC) may be facing insolvency after significant liquidations. Sources say that the 3AC “liquidation totaled at least $400 million” and the hedge fund’s founder Su Zhu tweeted about “communicating with relevant parties” Tuesday evening (ET). ‘Well-Placed Sources’ Say Three…
ApeCoin Hits New Low as Ethereum, Bored Ape NFT Prices Tumble
In brief ApeCoin, the Ethereum token of the Bored Ape Yacht Club ecosystem, has fallen 65% in value over the past 30 days. The token has lost significantly more value than other gaming-related tokens during the ongoing crypto market crash. The March launch of ApeCoin—an Ethereum token for the Yuga Labs’ burgeoning Bored Ape Yacht Club ecosystem—caused a frenzy in…
Kraken reiterates hiring targets as CEO denounces ‘woke activists’ in corporate culture
On Wednesday, cryptocurrency exchange Kraken announced that it would continue to hire over 500 roles in various departments amidst a market downturn. The company’s hiring efforts are in stark contrast to a week of severe layoff announcements from major blockchain firms such as Coinbase, BlockFi, etc. In support of the decision to expand its staff, Kraken said: “We have not…
Superchief Gallery Embraces Degen Culture with Knife Throwing and NFTs
Finally, an art gallery that lives on the edge and isn’t afraid to embrace NFTs. Anyone looking to escape the woes of the crypto market might find Superchief’s Los Angeles space appealing, which features numerous NFT artworks and celebrated its 10th anniversary with a new exhibition over the weekend. Decrypt visited Superchief in L.A., located in a warehouse-style building in…
End The Fed And Opt Out With Bitcoin
The below is a direct excerpt of Marty’s Bent Issue #1226: “#EndTheFed.” Sign up for the newsletter here. (Source) As the markets eagerly await the Federal Open Market Committee (FOMC) meeting (and the inevitable interest rate hike that will come with it) it’s important to remind ourselves that it is completely insane that we allow the madness of central banking…
Ternoa, First NFT-Centric Blockchain, Releases Mainnet Setting to Disrupt NFT Economy – Press release Bitcoin News
press release PRESS RELEASE. Paris, France, 15 June 2022: Ternoa is a layer 1 open-source blockchain ecosystem that facilitates the adoption of utilitarian NFTs by giving developers full technological stack, access to independent infrastructure, nodes, developers’ community, and funding. The project is guided by principles of security and ownership, made possible with a combination of decentralization and encryption. Since 2021,…
FINRA may hire employees terminated from crypto firms: Report
The United States Financial Industry Regulatory Authority, or FINRA, reportedly plans to “bulk up” its capability to monitor crypto — a move which could include scooping up employees recently terminated from crypto companies. According to a Tuesday Reuters report, FINRA president and chief executive officer Robert Cook encouraged crypto workers expected to be on the chopping block to reach out to…
#DecryptLive: Luxury Fashion Brands Are Going Crypto
From Dolce & Gabbana to Balmain, big names in fashion are embracing crypto and NFTs. Decrypt’s Stephen Graves, Dan Roberts, Sander Lutz and contributor Alys Keys discuss the trend. Source: https://decrypt.co/videos/live-events/bNLg6Td7/decryptlive-luxury-fashion-brands-are-going-crypto
Bitcoin Is The Language Of The Internet
You might call it the cable that changed history. In the mid-19th century, there were various attempts to lay cables across the Atlantic Ocean between Ireland and the U.S. It took several failures, numerous bankruptcies and over 10 years before they got it right, but eventually they succeeded. On July 27, 1866, Queen Victoria broadcast a message to the U.S.…