Well-known Bloomberg analyst Mike McGlone is skeptical about Bitcoin’s recent price movement. McGlone issued his June Crypto Outlook report, which predicts a catastrophic decline for the flagship cryptocurrency and the whole crypto market in the next months, lending more support to his prediction. The senior macro analyst at Bloomberg Intelligence
June 3, 2023 1 min read
The proposal for the upgrade to v2.1.0 of Terra Classic was issued by the Joint L1 Task Force (L1TF) for debate and evaluation on Commonwealth. Since the Terra Classic community gained control of the blockchain in May of last year during the Terra-LUNA dispute, this is one of the most
June 3, 2023 2 mins read
Qatar Central Bank (QCB) has been criticized by the Financial Action Task Force (FATF). This is for failing to effectively implement QCB’s own policies forbidding virtual asset service providers. To successfully tackle developing kinds of criminal conduct. Such as punishing virtual asset service providers. Qatar has to enhance its skills,
June 2, 2023 1 min read
On Thursday, voters decided unanimously to remove Paxos from the reserve asset holdings, after a vote on a governance proposal to reduce the USDP debt cap from $500 million to zero. There were 35 voters that cast a total of 73,249 MKR tokens. According to the proposal’s authors at MakerDAO
June 2, 2023 1 min read
In a speech on Thursday, European Central Bank President Christine Lagarde indicated that additional interest rate rises were likely throughout the continent since it is not yet clear that core inflation in the eurozone has peaked. In a lecture given Thursday in Hanover, Germany, Lagarde said, “There is no clear
June 1, 2023 1 min read
Cowen Digital, the cryptocurrency division of American independent investment bank TD Cowen, has been shut down a little over a year after its establishment, for reasons that have not been made known. In March 2022, the international bank established Cowen Digital to provide institutional customers access to the cryptocurrency market
June 1, 2023 1 min read
Binance, the largest cryptocurrency exchange in the world, has decided to restrict trade in many privacy currencies, including Monero (XMR), Zcash (ZEC), and Dash (DASH), in France. Emails sent to French customers translate to “local regulatory requirements” as the reason the exchange disabled trading of crypto assets in France. According
May 31, 2023 1 min read
We are happy to announce that, solely inside the App, US users of the Crypto.com App may now spend 30+ coins on 150+ leading consumer brands spanning fashion, grocery, electronics, and more. Additionally, they will get up to 10% in Pay Rewards on each qualifying purchase* that is made in CRO.
May 31, 2023 1 min read
Nearly 11 months after its inception in July 2022, Reddit’s collectible avatars, or “Reddit NFTs,” are nearly 10 million holders. Dune Analytics estimates that as of right now, there are 9,909,465,000,000 people who own Reddit collectible avatars. There are around 7.7 million people who have just one collective avatar wallet.
May 30, 2023 1 min read
After collapsing in December with debts of more than $50 million, Australian crypto exchange TrigonX is the latest comeback story to emerge from the FTX failure. The Australian reported on May 29 that TrigonX director Matteo Salerno said the crypto exchange will be revived once a deed of company arrangement
May 30, 2023 1 min read
