After the tough sell-off seen in the past week, the cryptocurrency markets will be looking for some support from the macroeconomic data this week. The all-important United States consumer price index report on June 13 will be followed up by the Federal Reserve’s policy decision on June 14. Both these events could trigger a sharp response from the equities and…
On June 12, European cryptocurrency investment firm CoinShares published its latest weekly “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows of $88 million last week. The substantial drawdown added to the ongoing eight-week streak of outflows, which now total $417 million. Analysts at CoinShares have attributed this ongoing trend to monetary policy considerations, as interest rate hikes show no…
Standard Crypto VC Co-Founder on NFTs and Their Stigma in Gaming Alok Vasudev is a co-founder of venture capital firm Standard Crypto. In an interview with Decrypt’s Kate Irwin, he shares his thoughts on NFT marketing, NFT utility in gaming, and the stigma that pervades the industry. Source: https://decrypt.co/videos/interviews/bmtrrLio/standard-crypto-vc-co-founder-on-nfts-and-their-stigma-in-gaming
The huge volume of sovereign debt in developed countries (particularly the United States) is often exploited to promote questionable theories about imminent financial collapse. However, the problem is real, and it has become much more acute due to interest rates rising in response to entrenched inflation. The United States paid $475 billion for debt service alone in fiscal year 2022.…
Polygon NFTs are now available on Kraken NFT — the secure marketplace to explore, collect and trade non-fungible tokens with zero gas fees.* Clients can now use the Polygon network to deposit and withdraw supported Polygon NFTs from Kraken, including Reddit Collectible Avatars. Introducing Reddit Collectible Avatars on Kraken NFT Reddit Collectible Avatars are one of the most significant collections ever…
Beware of the crypto fund bears. For an eighth consecutive week, negative sentiment pervades among institutional investors. Large scale crypto investors pulled $88 million out of digital asset funds last week, bringing the total over the two month period to a whopping $417 million, according to a new report by Coinshares. Digital asset investment firm CoinShares follows the investment activity…
United States Congressman Warren Davidson has introduced the “SEC Stabilization Act” into the House of Representatives, announced June 12. One of the bill’s main provisions is to fire Securities and Exchange Commission (SEC) chair Gary Gensler. Davidson said in a statement: “U.S. capital markets must be protected from a tyrannical Chairman, including the current one. That’s why I’m introducing legislation…
Reddit communities unanimously decided to go private or in read-only modes from June 12 to 14, protesting against an upcoming change that would prevent users fr… Source: https://cointelegraph.com/public/index.php/news/reddit-crypto-community-goes-offline-here-s-why
Can artificial intelligence see people of color? Senegalese artist Linda Dounia Rebeiz explores this thought-provoking question in the upcoming online exhibition she curated, IN/Visible, opening this Monday on Feral File. It features 10 black artists, including Dounia. The lineup showcases Jah., Serwah Attafuah, Adaeze Okaro, Minne Atairu, Linda Dounia, Zoe Osborne, Arclight, AFROSCOPE, Nygilia and Rayan Elnayal. These artists share…
The move is Tether’s second $1 billion mint in two months, bringing the total USDT minted by the stablecoin issuer in 2023 to over $16 billion. Source: https://cointelegraph.com/app/public/index.php/news/tether-billion-usdt-mint-on-ethereum-for-chain-swaps
