Merit Circle members want to refund Yield Guild Games’ investment and cancel an agreement between the two, claiming thereโs not been enough value-add by the gaming guild giant. Source
Gaming DAO Merit Circle and YGG Caught in DAO Governance Strife
Day: May 26, 2022
IMF Chief Begs Investors Not to Shun All Crypto After the Collapse of LUNA, UST โ Featured Bitcoin News
The managing director of the International Monetary Fund (IMF) reportedly said that investors should not completely pull out of crypto after the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). IMF Chief Has a Message for Crypto Investors After the Collapse of LUNA, UST Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), discussed cryptocurrency at the World Economic Forumโs annual meeting in Davos Monday. She urged people not to completely shun crypto after the recent collapse of algorithmic stablecoin terrausd (UST) and cryptocurrency terra (LUNA), Bloomberg…
Former Binance Execs Create $100M Fund to Spur Crypto Adoption in Emerging Markets: Report
A group of former executives of cryptocurrency exchange Binance have created a $100 million venture fund with a focus on the metaverse and bringing greater crypto adoption to Latin America and Africa. Source
Solana, Dogecoin Tokens Dip as Futures Suggests Bearish Sentiment
Yields on a three-month rolling basis for futures hover over around 3.1% for both assets, which โis historically very low,โ Glassnode said. Such yields are generated when there is mispricing between an assetโs spot and futures price. Traders go long on the underlying asset and short its, or a related assetโs, futures. The difference is pocketed. Source
U.S. dollar index retreats from 20 year highs โ but will DXY topping spark a Bitcoin recovery?
The U.S. dollar index (DXY) retreated broadly from its prevailing bull run in the past two weeks, dropping by up to 3.20% after hitting its two-decade high of 105. Overvaluation risks grip dollar market Dollar’s correction in the last two weeks preceded twelve months of relentless buying. To recap, the greenback’s weight against the basket of top foreign currencies grew by around 14.3% in a year, primarily as markets looked for safe havens against the fears of a hawkish Federal Reserve and more recently the military conflict between Ukraine and…
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Blockchain Foundry Pairs with Palmer Group to Launch Web3 Education Platform Metacademy
Canadian blockchain software development company Blockchain Foundry has partnered with Palmer Group to launch “Metacademy”, a Web3 education platform focusing on blockchain, cryptocurrencies, and Non-fungible Tokens (NFTs). Blockchain Foundry Inc. develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients. This announcement came after the launching of the public beta version of Metacademy.com (“Metacademy”). Users can learn and understand various knowledge of the blockchain universe for free on this platform, including cryptocurrencies, NFT, smart contracts, web3, etc. From Blockchain Foundry CEO Dan Wasyluk said: “We are excited…
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ViaBTC has been one of the pioneers in the crypto industry with an illustrious track record. Recently we caught up with the CEO, Haipo Yang and asked him a few questions about the company, its mission and plans for the future. Read the excerpt of the interview below. Q [NewsBTC]: ViaBTC is a pioneer in the crypto industry, having been around since 2016 โ what was the idea behind launching ViaBTC? A [Haipo Yang]: I had my first introduction to Bitcoin and open-source software around 2011. At the time, fascinated…
No Tax Amnesty for Russian Crypto Miners as Lawmakers Withdraw Proposal โ Mining Bitcoin News
A new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds that the tax break would have resulted in losses for the state budget. Revised Crypto Mining Legislation Submitted to Russian Parliament Without Amnesty for Miners Russian lawmakers have again filed legislation with the State Duma designed to regulate cryptocurrency mining. The new draft substitutes a bill submitted at the end of April, which has now been withdrawn. The revised version…