Day: June 7, 2022

Crypto Bill Condemned by Consumer Advocates in Washington

“The bill gives the industry what it wants most: the Commodities Futures Trading Commission (CFTC) as its primary regulator, even though it exists to police markets where physical producers and purchases of commodities like corn, wheat, oil, natural gas, hogs, and cattle hedge their price risk to facilitate the delivery of everyday goods to the American people,” said Dennis Kelleher, CEO of Better Markets, a Washington-based group that often seeks to counter financial industry lobbying. Source

Sold your SOL? Solana price eyes 35% jump as two technical signals flip bullish

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At least two technical indicators show Solana (SOL) could undergo a sharp price recovery in June, even after the SOL/USD pair’s 78.5% year-to-date decline. SOL price nears bullish wedge breakout First, Solana has been painting a “falling wedge” since May, confirmed by its fluctuations inside two descending, converging trendlines. Traditional analysts consider falling wedges as bullish reversal patterns, meaning they resolve after the price breaks above their upper trendlines. As a rule of technical analysis, a falling wedge’s profit target is measured after adding the maximum distance between its upper…

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Aurora pays $6M bug bounty to ethical security hacker through Immunefi

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On Tuesday, Ethereum (ETH) bridging and scaling solution Aurora announced it had paid out a $6 million bounty to ethical security hacker pwning.eth, who discovered a critical vulnerability in the Aurora Engine. The exploit allegedly placed over $200 million worth of capital at risk. The sum was paid in collaboration with Immunefi, a leading platform for Web 3.0 bug bounties, with more than $145 million bounties available and over $45 million bounties paid out. On April 26, Immunefi received a report from pwning.eth about a critical flaw in the Aurora…

Por qué las tasas de rendimientos de exchanges latinoamericanos duplican a las de otras regiones

Belo, un exchange argentino con más de 170.000 usuarios, ofrece rendimientos de 8,5% anual con DAI y USDC, 5,25% con BTC y 4% con ETH. Los usuarios pueden acceder a esas tasas no solo desde Argentina sino desde 176 países en los que la compañía está disponible. “Nuestros usuarios se diversifican, sobre todo en los bull markets. No solo se suman personas del mundo cripto, sino de todos los ámbitos”, comentó Manuel Beaudroit, CEO de Belo, a CoinDesk. Source

Ledgible Closes $20M Series A Round With Key Institutional and Strategic Investors – Press release Bitcoin News

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press release PRESS RELEASE. ATLANTA, June 7, 2022 – Ledgible, the leading professional-first crypto tax and accounting platform, today announced $20 million in funding for its Series A Round led by EJF Capital LLC (“EJF”) through its affiliate, the EJF Silvergate Ventures Fund. Joining the round are JAM FINTOP, Thomson Reuters Ventures, TTV Capital, Fenbushi US, Commerce VC, Nathan McCauley, and Perkins Coie. Ledgible now stands at the forefront of the professional-focused crypto tax & accounting industry. This investment will be used to expand Ledgible’s product offerings as well as…

Institutional Investors Refocus On Bitcoin As Market Losses Intensifies

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The recent market losses have seen institutional investors shift their focus once more to bitcoin. Inflow and outflow trends paint a very vivid picture of going back towards bitcoin to minimize the losses being realized from altcoins. This has seen most of last week’s inflows going into the pioneer cryptocurrency, as altcoins mark another week of little to no inflow. $126 Million To Bitcoin The last week has seen renewed faith in the performance of bitcoin. This is evidenced by the fact that institutional inflows into the digital asset had…