Day: June 9, 2022

ETH, BTC Slightly Lower Ahead of Friday’s US Inflation Report – Market Updates Bitcoin News

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BTC was fighting to stay above $30,000 on Thursday, as markets prepare for the release of U.S. inflation data on Friday. Crypto prices mainly consolidated in today’s session, whilst ETH marginally slipped, falling below $1,800. Bitcoin Bitcoin was attempting to stay above $30,000 on Thursday, as traders began to anticipate the latest U.S. inflation report. On Friday, the latest consumer price index (CPI) is expected to show inflation at 8.3%, which is still close to record highs. Prior to the release of this, BTC/USD fell marginally lower on Thursday, hitting…

Self-regulatory orgs for crypto keep ecosystem afloat pending clear regulations

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The crypto market is growing at a rapid pace, with governments and various regulatory bodies actively trying to study and keep up with the growth.  While many policymakers around the globe have come to realize that banning the crypto market is not an option, many are yet to come up with a formidable framework to regulate the nascent market in their respective countries. Even some of the most crypto-friendly countries have only managed to regulate parts of the crypto market such as crypto trading while a significant chunk of crypto-related…

Binance Labs Among Backers of $7.6M Round for Discord Game Tatsumeeko

Tatsumeeko, a Discord-first fantasy massively multiplayer online role-playing game (MMORPG), has completed a $7.6 million seed funding round co-led by DeFiance Capital, Delphi Ventures and BITKRAFT Ventures. The capital will be used to continue development on the game, which will be released on the Ethereum and Solana blockchains, according to a press release provided to CoinDesk. Source

Orderly Network Raises $20M for DeFi Infrastructure on Near Protocol

“We are proud to back Orderly as they build out top-performing infrastructure and deep liquidity on Near,” said Kyle Davies, co-founder at Three Arrows Capital, in a statement. “Infrastructure being built for traders by traders results in better products that are designed to meet the specific needs and provide the best possible trading experience.” Source

Polygon taps Airbnb’s director of HR to spearhead its decentralized workforce

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Ethereum layer-2 scaling solution Polygon (MATIC) has announced the hiring of Bhumika Srivastava in a bid to consolidate its strategy and cultural ambitions for the company’s 500-employee global workforce. Serving as the head of human resources and director for employee experience at Airbnb for the past five years, Srivastava arrives with an illustrious portfolio and plethora of experience from her work in Web2, having occupied senior roles at Adobe, Yahoo, Tesco PLC, and Snapdeal. Srivastava’s appointment marks a consistent trend in Polygon’s hiring strategy of prominent figures within the Web2 space, such as…

How Bitcoin Could Power a New Wave of Small Business Innovation

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Earlier this year, while at a local restaurant, I began talking to the owner about bitcoin and payments. He mentioned that 35%-40% of his transactions were once in cash; now they’re 5%. He said that he pays almost $100,000 a year for processing charges – all while his food prices are increasing double digits. His options: Raise prices and risk losing patrons, buy lower-quality food and risk reputational risk, or find some way to regain margin. Original

Ark's Cathie Wood Expects Tremendous Volatility for Coinbase

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Apr.14 — Cathie Wood, CEO and CIO of Ark Investment Management, joins BNN Bloomberg to discuss her bullish view on Tesla, Coinbase’s direct listing and why she’s excited about Canadian tech darling Shopify. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Crypto exchange Binance seeks critical licenses in Philippines, CEO says

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Changpeng Zhao, the CEO of crypto trading platform Binance, shared plans to acquire two licenses that are critical for the firm’s operations within the Philippines. In a press briefing in Manila, the Binance CEO mentioned that the exchange is looking to obtain the virtual assets service provider license, which allows the platform to legally facilitate the exchange of digital assets and the conversion of crypto to the Philippine peso. Apart from the VASP, Zhao also noted that the trading platform is working to acquire an e-money issuer license from Banko…