How one tweet about being “broke as hell” created a chain of community Bitcoin buys that exceeded six figures and counting. Source: https://cointelegraph.com/news/community-initiated-bitcoin-stackchain-exceeds-160k-in-one-week
Month: July 2022
DeFi Tokens Lido, Curve Follow Ethereum into Bear Territory
DeFi tokens, including Lido Finance (LDO), Synthetix (SNX), and Curve (CRV), have posted significant losses of at least 9% over the past 24 hours. LDO, the native token behind the popular staking platform Lido Finance, is down 10.2% over the past 24 hours and currently changes hands at around $1.38. The 78th-largest cryptocurrency by market capitalization, LDO, is down a…
Hong Kong positioned as the most crypto-ready country in 2022
While public acceptance remains key to crypto’s existence, the road to mainstream crypto adoption requires governments to set up a supporting infrastructure that complements the requirements of the technology and the people. Factors such as crypto ATM installations, pro-crypto regulations, startup culture and a fair tax regime signal a country’s readiness to adopt cryptocurrencies. Considering these factors, a Forex Suggest…
FTX CEO Sam Bankman-Fried Believes Crypto Will Thrive in Latam – Exchanges Bitcoin News
Sam Bankman-Fried, CEO of FTX, believes that the future of crypto is bright in Latam. In a recent interview, Bankman-Fried recognized the rising adoption and demand that cryptocurrencies are experiencing in Latam, stating that use is expected to grow for remittances and payments in the future. Sam Bankman-Fried Talks Crypto in Latam Latam is one of the areas…
Institutional ETH sentiment turns positive after 11 weeks of outflows
Institutional sentiment towards Ether (ETH) appears to have shifted into positive gear, with digital investment products offering exposure to the asset having posted four consecutive weeks of inflows, according to CoinShares. Prior to this, ETH investment products had been on a lengthy 11-week run of outflows that saw the total year-to-date (YTD) outflows hit as high as $458 million in…
‘Extreme demand’ for BTC at $20K creating new support levels: Glassnode
“Extreme” demand at the $20,000 price point for Bitcoin (BTC) appears to have forced the coins back into the hands of investors who care less about price while creating a new realized price level. In the latest The Week OnChain Newsletter published on July 25, Glassnode’s UkuriaOC pointed to “extreme demand” around the $20,000 region, noting that at each psychological…
Binance CEO sues Bloomberg subsidiary alleging defamation
A Bloomberg article was republished by its Chinese subsidiary using the title “Zhao Changpeng’s Ponzi Scheme.” Source: https://cointelegraph.com/news/binance-ceo-sues-bloomberg-subsidiary-alleging-defamation
No One Is Bullish Enough On The Bitcoin Price – Bitcoin Magazine
This is a transcribed version of the Bitcoin Magazine Podcast, hosted by P and Q. In this episode, they are joined by Christian Keroles to talk about how even the most bullish Bitcoiners are not bullish enough on the positive benefits Bitcoin will have for the world. Watch This Episode On YouTube or Rumble Listen To The Episode Here Transcript [00:00:05]…
FBI Warns Crypto Owners Not to Fall for ‘Liquidity Mining Scam’ – Featured Bitcoin News
The Federal Bureau of Investigation (FBI) has warned crypto investors about a scam using an investment strategy called liquidity mining. “This scam has been responsible for over $70 million in combined victim losses,” said the law enforcement agency. FBI Warns of Crypto Liquidity Mining Scam The Federal Bureau of Investigation (FBI) issued an investor alert Thursday warning crypto owners of…
Investors shifting toward lower-risk crypto yields: Block Earner GM
Block Earner, an Australian fintech company, says the fall of Terra Luna in May has led to “positive surprises” for his company, with investors beginning to find their way toward the lower-risk crypto yield products they offer. Speaking to Cointelegraph, the company’s general manager Apurva Chiranewala revealed that the company has seen a surge of investors previously seeking double-digit returns…