Fed governor explains who needs crypto regulation and why demand for it is growing

Regulation is needed to open the crypto ecosystem to a larger public, United States Federal Reserve Board governor Christopher Waller told an audience at the SNB-CIF Conference on Cryptoassets and Financial Innovation in Zurich, Switzerland. Financial intermediaries can help manage risk for new crypto users, but cannot eliminate it, Waller said, and new and fast-growing financial products need public confidence to survive. The banking official used historical examples to show the relationship between technical innovation, regulation and the amassing of fortunes. “New technology — and a lack of clear rules…

Solana Falls by 12% After Network Outage, Bitcoin Falls as Feds Reduce Balance Sheet, Ethereum Tops NFT Sales With $27 Billion Sales.

Solana’s decline after announcing its network outage Solana, after being plunged with network issues, nosedived by 12%. The network, which was once hailed as one of the fastest blockchains and a challenger to Ethereum, was down on June 1 due to network challenges. This is the second time in the month’s space that this will happen to the blockchain network. The chain was forced offline for about four and a half hours due to a cold wallet transaction bug called “Durable Nonce Transactions.” Since the outage was announced, SOL which traded as…

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Maker founder proposes endgame, Singapore explores DeFi and more

The past week in the decentralized finance (DeFi) ecosystem saw many new developments, including the rebirth of the Terra 2.0 blockchain. Meanwhile, Binance’s incubation platform Binance Labs launched a $500 million fund to support and promote Web3 adoption. Singapore’s central bank partnered with JP Morgan to explore DeFi applications in wholesale funding markets by establishing tokenized bonds. KuCoin launched its very decentralized wallet with DeFi and nonfungible token support. The top-100 DeFi tokens showed signs of a breakout from a month-long bearish trend, with most of the tokens showing overall…

Apecoin Community Votes on Keeping APE Token in the Ethereum Ecosystem – Altcoins Bitcoin News

The Apecoin community is in the midst of discussing whether or not the crypto asset should remain within the Ethereum ecosystem. While AIP-41 voting started today, the proposal’s voting process will end on June 8, 2022, at 9 p.m. (ET). Meanwhile, the project’s native token APE has lost 57% against the U.S. dollar in the last 30 days. Apecoin Community Begins Voting on Whether or Not Asset Should Remain Operating on Ethereum This week the Apecoin community is voting on whether or not the native token apecoin (APE) should remain…

Total crypto market cap risks a dip below $1 trillion if these 3 metrics don’t improve

The total crypto market capitalization has ranged from $1.19 trillion to $1.36 trillion for the past 23 days, which is a relatively tight 13% range. During the same time, Bitcoin’s (BTC) 3.5% and Ether’s (ETH) 1.6% gains for the week are far from encouraging. To date, the total crypto market is down 43% in just two months, so investors are unlikely to celebrate even if the descending triangle formation breaks to the upside. Total crypto market cap, USD billion. Source: TradingView Regulation worries continue to weigh investor sentiment, a prime…

🔴 BITCOIN: ¿ PREPARADOS PARA LOS 10.000 ?

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Quantitative Tightening and its Implications for Crypto

The United States has initiated a move called quantitative tightening (QT), which may put an end to a decade of unprecedented growth in the crypto market. The initiative will see the Fed shrinking its balance sheet monthly for the next three months by $47.5 billion. This implies that by September this year the balance sheet may shrink by nearly $95 billion and by the end of 2023, be reduced to $7.6 trillion. Economic analysts, financial investments and crypto analysts have conflicting opinions, with some observers holding the belief that this…

Bitcoin NUL Suggests More Downside To Come Before The Bottom

On-chain data shows the Bitcoin NUL indicator is still below a value of 0.5, a sign that more downtrend could be in store for the crypto before the bottom is in. Bitcoin Net Unrealized Loss Surges Up, But Still Remains Below 0.5 As pointed out by an analyst in a CryptoQuant post, the cryptocurrency’s price may still be nowhere near a bottom. The relevant indicator here is the “net unrealized loss” (or NUL in brief), which tells us about the total number of coins that are currently holding an unrealized…

caída del mercado provoca recorte de 65% para objetivos de precios de acciones

Tales condiciones de mercado han llevado a los inversores a temer que las mineras no sean capaces de obtener los fondos que necesitan para crecer, ya que la construcción de una operación minera a gran escala requiere mucho capital. Sin embargo, Lewis, de BTIG, considera que las compañías más grandes tienen más posibilidades de recaudar fondos incluso en un mercado bajista. “En un mercado de precios de BTC plano, la capacidad de acceder al capital se ha vuelto mucho más importante ( piensa en la financiación de las plataformas, la…