The Solana-based marketplace has seen far more transactions than its Ethereum counterpart in the last 24 hours. Source
Magic Eden Tops OpenSea in Daily Trading Volume as Solana NFTs Heat Up
Day: May 19, 2022
Shopify Expands Crypto Payment Options With Crypto.com Pact
Merchants using Shopify now have another option to accept cryptocurrency as a payment method. Source
Bitcoin price predictions abound as traders focus on the next BTC halving cycle
Terra’s recent collapse has been repeatedly singled out as the main source of weakness affecting crypto assets, but it’s much more likely that a combination of factors are behind the start of this current bear market. At the same time that the market was reeling from the Terra saga, the 2-year mark for the next Bitcoin (BTC) halving was also crossed and this is a metric some analysts have used as an indicator for the end of a bull market. BTC/USD 1-week chart. Source: TradingView As shown on the chart above,…
Terra Collapse Continues to Plague Defi — Value Locked in Cross-Chain Bridges Down 20% This Month – Defi Bitcoin News
Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. During the last four days the total value locked (TVL) in defi has dropped 2.61% in value, and cross-chain bridges have lost roughly 20.3% during the last 30 days. Value Locked in Cross Chain Bridge Tech Slips 20% Lower Than Last Month Over $100 billion in USD value was recently removed from the total value locked (TVL) in defi and TVL statistics continue to slide. Four days ago, the TVL…
Binance.US Hires Ex-Uber Compliance Lead Krishna Juvvadi as Head of Legal
Binance.US has hired Krishna Juvvadi, former global head of operations compliance at Uber, as its new head of legal. Source
NYDFS Chief Says Regulators Need to Develop a ‘21st Century Framework’ for Crypto
“There’s a lot of talk when you talk to other regulators, I think most particularly in the federal government, about a ‘race to the bottom,’ that states will regulate differently, and those with lower standards are going to attract more companies,” Harris said. “But we haven’t really seen that play out in practice.” Source
Tether Cut Commercial Paper Reserve by 17% in Q1
Tether reduced its commercial paper holdings by 17% from $24.2 billion to $19.9 billion in the quarter ended March 31, according to it latest attestation report. Source
Bitcoin Mining Comes to Russia's Arctic Circle
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Jan.25 — The Siberian city of Norilsk is best known as the home of mining giant MMC Norilsk Nickel PJSC. The city may soon be famous for a different type of mining though — it now hosts the Arctic’s first crypto farm for producing new Bitcoins. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Swiss asset manager Julius Baer eyes crypto and DeFi potential
The 132-year-old Swiss asset management firm, Julius Baer, intends to offer exposure to cryptocurrencies and decentralized finance (DeFi) for its high net-worth clients. The firm’s CEO Philipp Rickenbacher confirmed the move into the cryptocurrency space during his delivery of the company’s strategy update for the next three years. Rickenbacher noted that the recent slump in the cryptocurrency markets presented a watershed moment for its clients to gain exposure to the nascent asset class. “It could well be at this very instant that we are witnessing a bubble-burst moment of the…
Charles Stanton, CMO Bondly Finance on Rebranding to Forj Network
Bondly Finance and Animoca Brands have recently announced Bondly Finance’s rebrand to Forj. Previously the brand has led the way in the NFT space through several innovative partnerships and today we’re speaking directly to Charles Stanton, the Chief Marketing Office at Forj to learn more about the launch, what changes we can expect and how Forj is ultimately focusing on simplifying Web3 and forging strong fan and creator partnerships. Interestingly the launch is a result of an extensive rebrand undertaken over the course of the past six months led by leading brand…