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Day: June 7, 2022
Argo Blockchain to Build Intel-Based Bitcoin Mining Rigs With ePIC Blockchain
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First Mover Americas: Bitcoin Dumps Below $30K as Morgan Stanley Calls Out Liquidity Pressures
The latest moves in crypto markets in context for June and 7, 2022. Source
BNB price risks 40% drop as SEC launches probe against Binance
Binance Coin (BNB) price dropped by nearly 7.3% on June 7 to below $275, its lowest level in three weeks. What’s more, BNB price could drop by another 25%-40% in 2022 as its parent firm, Binance, faces allegations of breaking securities rules and laundering billions of dollars in illicit funds for criminals. Two bad news in a row BNB was issued as a part of an initial coin offering (ICO) in 2017 that amassed $15 million for Binance. The token mainly behaves as a utility asset within the Binance ecosystem, primarily…
Apifiny Courts Quant Traders With Crypto Code Library
“Today, most of the quant traders who are looking to do the same thing, they’ll go on GitHub, find some open-source code someone’s already written,” Xu said. But that system is “probably not perfect.” They still have to retrofit the code, test it, vet it and hope it’s fast enough to retain an edge, he said. Source
Human Rights Leaders Urge Congress to Take ‘Open-Minded’ View on Bitcoin
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…
The future of blockchain-based identity
The attention, one might suspect, has much to do with the participation of Buterin, blockchain’s wunderkind and the legendary co-founder of the Ethereum network. But it could also be a function of the paper’s ambition and scope, which includes asking questions like: What sort of society do we really want to live in? One that is finance-based or trust-based? The authors illustrate how “non-transferable ‘soulbound’ tokens (SBTs) representing the commitments, credentials and affiliations of ‘Souls’ can encode the trust networks of the real economy to establish provenance and reputation.” These…
MachineFi Lab Raises $10M to Incentivize IoT Data Collection for Web 3
Samsung Next was among the backers of the round, which pushed MachineFi to a $100 million valuation. Source
BIS Economists Contend Crypto Cannot Fulfill the Role of Money
“Fragmentation means that crypto cannot fulfill the social role of money,” concluded the report authors. The report contended that as transactions per block near their limit, the cost of transactions rises, causing users to seek out alternative blockchains. This “fragmentation” means blockchains cannot harness the beneficial network effects we associate with traditional money. Source
Multicoin Capital Partners With Bitwise and Matthew Ball for Metaverse Crypto Index, Fund
“The index draws on a list of liquid crypto assets that pass a series of risk screens to ensure that they are appropriate for professional investors,” Ball said. “Those screens include items related to custody, liquidity, technological and regulatory risk, as well as screens like developer activity, revenues and fit to the metaverse category.” Source