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The past week has not been an easy one. After the collapse of the third-largest stablecoin (UST) and what used to be the second-largest blockchain after Ethereum (Terra), the depeg contagion seems to be spreading wider. While UST has completely depegged from the U.S. dollar, trading at sub $0.1 at the time of writing, other stablecoins also experienced a short period where they also lost their dollar peg due to the market-wide panic. Tether’s USDT stablecoin saw a brief devaluation from $1 to $0.95 at the lowest point in May.…
Una ruptura decisiva por debajo de $27.000 podría implicar una caída mayor para BTC, inicialmente hacia $17.823. Además, el promedio móvil de 50 días con pendiente descendente de BTC indica una debilidad de tendencia persistente, lo que podría mantener activos a los vendedores. Original
“A lot of people are saying, ‘We’re in the metaverse, identity doesn’t exist, skin color, race, gender identity doesn’t exist,’” Sinclair says. “That’s not true.” It’s even less true when what a lot of people want to get out of joining Web 3 communities online is the real-life experiences that come with them – the in-person meetups, the parties like Ape Fest and the conferences full of networking opportunities. People still want to find others they can relate to, who share their interests and experiences. “Even though it’s about digital…
Social media giant Facebook’s parent company, Meta, may be planning to launch a payments platform with support for cryptocurrency. According to records submitted to the United States Patent and Trademark Office, or USPTO, on May 13, Meta filed five applications for its namesake to be used in a platform called Meta Pay. The filings included Meta’s name for use in a “online social networking service for investors allowing financial trades and exchange of digital currency, virtual currency, cryptocurrency, digital and blockchain assets, digitized assets, digital tokens, crypto tokens and utility…
“Instead of focusing on the lack of client asset segregation at digital asset exchanges, which is also true with securities held in ‘street name’ at DTCC, legislators should work on a Digital Asset Investor Protection Act that mirrors the Securities Investor Protection Act,” said Dave Weisberger, co-founder and CEO of CoinRoutes, Inc. It could give investors “primary status in bankruptcy proceedings,” and it could also set up a backstop fund to cover losses like the one securities investors have. Source
Nayib Bukele recibe a representantes financieros de 44 economías en desarrollo en la reunión anual de la Alianza para la Inclusión Financiera. Original
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Goldman Sachs Makes a Bitcoin Backed Loan to Coinbase | Crypto News Coinbase – the largest American crypto exchange, is borrowing money from Goldman Sachs. While the loan value hasn’t been disclosed, it has been collateralized with Bitcoin, bringing legacy financial institutions and new age fintech firms even closer. How is this moving the market and what could it mean for the evolution of age financial products? Joining us to talk more about this is Damien Loh – CEO of Matrix Asset…
On-chain data shows the Bitcoin exchange whale ratio has started to sharply rise, a sign that these humongous holders may be beginning to dump. Whales Are Behind Almost 90% Of Bitcoin Exchange Inflows Right Now As pointed out by an analyst in a CryptoQuant post, whales may be ramping up dumping, a sign that could be bearish for the price of BTC. The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top ten Bitcoin transactions to exchanges and the total exchange inflows. Since…
US-based cryptocurrency trading platform Coinbase is launching new ways for users to access decentralized applications (DApps) in the Ethereum (ETH) ecosystem. The crypto exchange says it is releasing a new DApp wallet and browser that will allow users to buy digital collectibles, trade crypto assets on decentralized exchanges and participate in decentralized finance (DeFi). The new Ethereum-based DApp wallet and browser will be accessed directly from the Coinbase app and will initially be available to a limited number of users in the US. The DApp wallet and browser will also…