Day: May 25, 2022

Oppenheimer says this exchange operator is a defensive play amid volatility

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Investors looking to play defense in a beaten-up market riddled with volatility may find some relief in exchange operator CME Group, Oppenheimer says. Analyst Owen Lau upgraded CME Group to outperform from perform, saying in a note to clients that the exchange operator is a good pick for investors “defending against the bear.” “Our upgrade thesis has come down to four key points: 1) attractive valuation; 2) rising interest rate with low balance sheet risk; 3) appealing dividend policy; and 4) high margin and healthy growth profile,” Lau wrote. “The…

Argentinian Cryptocurrency Exchange Buenbit Announces Staff Layoffs – Bitcoin News

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Buenbit, an Argentinian cryptocurrency exchange, has announced a series of layoffs due to the downturn that traditional and crypto markets are currently facing. Buenbit’s co-founder and CEO, Federico Ogue, clarified that this move had nothing to do with the recent Terra ecosystem disaster and that from now on, the exchange would focus on keeping operations in countries where it already has an established presence. Buenbit Announces Layoffs Buenbit, an Argentinian cryptocurrency exchange, has announced a change in its hiring strategy due to the recent downturn that the cryptocurrency…

Kerner at Blockchain Coinvestors says Terra was a Ponzi strategy

The collapse of the Terra stablecoin and LUNA cryptocurrency was an earthquake that is still shaking the entire crypto market, but while it happened so fast, some industry officials say they issued earlier warnings about the structural faults in the Terra business model.  Lou Kerner, a partner at venture capital firm Blockchain Coinvestors, is one who says the flaws were obvious, speaking in a Forkast members virtual event on Tuesday streamed from the World Economic Forum at Davos and hosted by Editor-in-Chief Angie Lau, with Forkast reporter Danny Park. “It was a Ponzi strategy.…

Exchanges show initial support to Terra revival by listing new LUNA token

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Crypto trading platforms show initial signs of support for the revival of the collapsed Terra network by listing Terra’s brand new token, also named LUNA. The HitBTC exchange took to Twitter on Wednesday to announce that Terra’s new chain token Luna will be available on its platform on May 27. The news comes amid Terraform Labs preparing to relaunch its protocol on May 27 and replace the old chain referred to as Terra Classic with the new chain called just Terra, or Terra 2.0. The new chain will not be…

NFT owners reminded to be vigilant after 29 Moonbirds were stolen by clicking a bad link

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A Proof Collective member has fallen victim to a scam, losing 29 highly-valuable Ethereum-based Moonbirds. According to a tweet by Cirrus on Wednesday morning, the victim lost 29 Moonbird nonfungible tokens (NFTs) worth $1.5 million after clicking a malicious link shared by a scammer. 29 Moonbirds were just stolen in a hack. ~750e (~$1,500,000) in value lost by clicking on a bad link. Sickening seeing stuff like this. Let this be a reminder to never ever click on links and to bookmark the marketplaces/trading sites that you use. pic.twitter.com/7iWO5LMovL —…

Why is Bitcoin and dogecoin Crashing? Reasons of Cryptocurrency Market Crash #bitcoin #dogecoin

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Download the CoinSwitch Kuber app now! – coindcx: #bitcoin #dogecoin CoinSwitch Kuber’s Channel – Disclaimer: Cryptocurrencies are unregulated in India and subject to market risk. Any trading risk/loss arising out of it will be the sole responsibility of the investor. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

India’s Telangana State Partners with CasperLabs for Seamless Blockchain-Powered Government Processes

India’s Telangana State has joined hands with CasperLabs to revamp operations using blockchain technology to stimulate more secure, efficient, and sustainable government processes. As a leading blockchain software company, CasperLabs will render an open network that will boost entrepreneurship opportunities for the public and private sectors in Telangana.   Furthermore, blockchain initiatives are expected to empower government officials and policymakers with more insights for better decision-making.    Jayesh Ranjan, the Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of the Telangana government acknowledged: “Casper…

Google seeks fresh talent to lead global Web3 team

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Following the establishment of a Web3 team under Google Cloud on May 6, tech giant Alphabet’s Google is now on the lookout for a full-time candidate to lead its Global Web3 marketing strategies. As seen on the job listing, the Google Cloud division opened up a ‘Head of Product Marketing’ role who will be tasked with raising awareness about Google Cloud’s Web3 initiatives in addition to eventually building customer demand for the related offerings. new: Google Cloud is forming a Web3 product and engineering organization that will build services for…

ECB Survey Finds 10% of Eurozone Households Own Crypto Assets – Bitcoin News

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One in every 10 households in six eurozone countries has acquired cryptocurrencies, the European Central Bank (ECB) has found with a new survey. While the richest are most likely to own crypto assets, poor families are not far behind, the poll indicates. Dutch Households Lead in Terms of Crypto Ownership, ECB Survey Shows Every tenth eurozone household has purchased bitcoin or other cryptocurrencies, according to the latest Consumer Expectations Survey conducted by the European Central Bank (ECB). Europe’s financial authorities are now trying to establish if the crypto market downturn…