Bitcoin Falls Below $30k As 10k BTC Flow Into Gemini

On-chain data shows crypto exchange Gemini observed around 10k BTC in inflows yesterday as Bitcoin’s price declined below $30k. Bitcoin Exchange Inflows Spike Up As BTC Price Falls Down As pointed out by an analyst in a CryptoQuant post, selling on exchanges like Gemini, Binance, and Huobi looks to have been behind the latest drop in the crypto’s price. The “exchange inflow” is an indicator that measures the total amount of Bitcoin moving into wallets of all exchanges. When the value of this metric surges up, it means exchanges are…

Anonymous Hacks Major Belarusian Government Websites – Bitcoin News

The websites of several ministries of Belarus have allegedly been taken down in a new attack, part of the cyberwar Anonymous is waging to help Ukraine. The hacking group declared it’s targeting the Belarusian government for its complicity in the Russian invasion of the neighboring country. Several Government Sites in Belarus Taken Offline by Anonymous The websites of the Belarusian ministries of economy, education, and justice, as well as the online platform of the country’s National Center for Legal Information, have been hit by Anonymous, a Twitter account associated with…

After record growth, VC crypto investments decline 38% in May

This short-term decline in investments can be correlated to the recent market correction, which made Bitcoin (BTC) and other major cryptocurrencies lose 50% or more of their value. According to new data released by Dove Metrics, total venture capital investment in crypto declined 38.2% over the past month, from $6.8 billion in April to $4.7 billion in May, while surging 97.8% since last year. Data on investment distribution showed infrastructure companies received 21% of the pie, while decentralized finance (DeFi) startups accounted for 14%. Centralized finance (CeFi) and nonfungible token…

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The Future of Crypto Regulation

The “Regulation” exploration, taking place in the ACC Ballroom A on Friday, June 10 at 1:00 p.m. CT, will feature three panels with representatives from the Federal Reserve Bank of Richmond, industry associations and law firms steeped in cryptocurrency issues. Panelists will discuss finding a regulatory “sweet spot” to support novel projects while still mitigating the chances of another project collapsing in a dramatic fashion and harming investors. Original Source CryptofutureRegulation CryptoX Portal

3 key indicators traders use to determine when altcoin season begins

It’s widely accepted that the fate of the cryptocurrency market depends largely on the performance of Bitcoin (BTC), which makes times like these for crypto traders who prefer to invest in altcoins.  When BTC price is down, altcoins tend to follow, but as a bottoming process begins, altcoins tend to perk up during Bitcoin’s consolidation phases and this typically leads to a call for an altcoin season. While Bitcoin’s current dip below $30,000 shows that it’s a bit premature to call for an altseason, analysts are still charting a variety…

A16z Says DAOs May Be Better Off Filing Legal Papers, Paying Taxes

The challenge is keeping a DAO decentralized while allowing it to meet the tax requirements and other practical demands of a business or nonprofit. Using well-trodden, offshore strategies to avoid taxes “could substantially increase the risk of global backlash,” according to the paper written by Miles Jennings, a16z’s general counsel and head of decentralization, and David Kerr, a lawyer from Cowrie who is involved with the DAO Research Collective Source

Chipotle Now Accepting Cryptocurrency Payments at US Locations

This isn’t Chipotle’s first move into digital currency. Last year, Chipotle announced it would give away $100,000 in free burritos and $100,000 in bitcoin to celebrate National Burrito Day. This year, Chipotle launched its own in-experience currency, Burrito Bucks, on Roblox (RBLX) to accompany the launch of its Burrito Builder game on the same platform. Players could exchange Burrito Bucks for a free entrée code at participating Chipotle restaurants. Source