The latest moves in crypto markets in context for May 31, 2022. Original
First Mover Americas: Bitcoin Bounces Back From 'Hurricane' Though Miners Are Selling
Day: June 2, 2022
ATOM Falls Towards Multi-Week Low, as GRT Extends Recent Losses – Market Updates Bitcoin News
ATOM fell towards a three-week low on Thursday, as crypto markets were victim to yet another red wave. Overall, markets are down nearly 5% as of writing, with GRT dropping by almost 10% lower on the day. Cosmos (ATOM) ATOM dropped towards a three-week low during Thursday’s session, as global crypto markets were nearly 5% lower. Following a peak of $10.46 on hump-day, ATOM/USD slipped to an intraday low of $9.23 earlier in today’s session. This move sees ATOM back to its long-term support level of $9.30, which has mainly…
Beanstalk Stablecoin Protocol ‘Barn Raise’ Aims to Restore $77M in Lost Funds
As part of the fundraiser, Beanstalk will also launch a 10,000-item non-fungible token (NFT) series, The Barn Raise NFT Collection, which will be made available to the first participants contributing at least 1,000 USDC before the protocol’s relaunch. Source
Telecast new crypto projects worldwide with Discord brand Marketing Services
Marketing is the backbone for a busines which dominates in deciding the results of the busines. A primary goal for a business to flourish would be organized marketing techniques. The business will achieve the goal only when widespread among the target audience. The business space has started to move from the real world to the digital world, and people have started to explore the digital business and invade them. Among the digital space, cryptos and NFTs are making magic and making people earn a tremendous amount of money in the…
El exchange Gemini despide al 10% de su personal citando el “turbulento” mercado cripto
La industria cripto se encuentra actualmente en una “fase de contracción que se está asentando en un período de estancamiento”, también conocido como “criptoinvierno”, según los comentarios de la empresa. “Todo esto se ha visto agravado por la actual agitación macroeconómica y geopolítica. No estamos solos”, añadieron los gemelos. Source
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Buenos Aires’ “Crypto Building,” Innovation Or Marketing Ploy? Here’s The 411
The Next Pampa 2.0 will be the world’s first “Crypto Building”. In the basement, there’ll be a bitcoin mining farm that will help pay for all the upkeep a modern building needs. They also plan to show NFTs in the lobby and whatnot. Is the real state project just trying to be “the world’s first” at something? Or are the builders on to something here? The crypto building’s construction will begin in Belgrano, Buenos Aires, in Q2 2022. It will have “more than 100 apartments, with either 2, 3, or…
Bitcoin Block Data Shows Top 5 Pools Retained Over 71% of the Global Hashrate Last Month – Mining Bitcoin News
During the last 30 days, the price of bitcoin has lost more than 22% against the U.S. dollar but during that time, Bitcoin’s hashrate has remained above 200 exahash per second (EH/s). While 16 known mining pools mined the leading crypto asset during the last month, the top five mining pools retained 71.4% of the global hashrate. Out of 16 Pools, the Top Five Acquired Most of the Bitcoin Blocks Found Last Month The month of May is over and during the last 30 days 4,276 bitcoin (BTC) block rewards…
Coinbase Doesn’t Offer Liability Protection, but That’s No Reason to Panic
Coinbase’s announcement last month is a sign of regulatory progress to come, according to one institutional investor. Source
Major crypto firms reportedly cut up to 10% of staff amid bear market
Gemini, a cryptocurrency trading platform founded by brothers Cameron and Tyler Winklevoss, is the latest industry firm to lay off a significant part of its staff due to unfavorable market conditions. Winklevoss’ crypto business Gemini Trust reportedly cut 10% of its employees amid the ongoing bear crypto market, the founders wrote in a notice to employees on June 2, as Bloomberg reported. As part of its first major headcount cut, Gemini will refocus only on products that are “critical” to the firm’s mission, the brothers said, adding that “turbulent market…