The country’s most recent buy was on May 9, when Bukele stepped in front of bitcoin’s decline then to purchase 500 coins for $15.3 million, or an average price of $30,744 each. Bukele, to this point, has not announced any purchases during the plunge of the past few days. Source
One altcoin focused on privacy and scaling solutions is surging after being added to top US crypto exchange Coinbase’s roster of assets. In an announcement, Coinbase says Marlin (POND) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met. Marlin is a high-performance “layer-zero” blockchain network that’s geared toward delivering high-quality infrastructure for the decentralized web. Calling itself “the unglamorous underbelly of the decentralized economy,” Marlin seeks to provide solutions for scaling and user privacy. The Marlin Foundry offers users the ability to leverage bandwidth…
EU Finance Commissioner Calls for Speedy Passage of Crypto Law Source
Mairead McGuinness, the Commissioner for Financial Services, Financial Stability and Capital Markets Union at the European Commission, is moving forward with a discussion on regulating cryptocurrencies amid three major events in the space. In written remarks for a speech in Brussels on Tuesday, McGuinness said the Celsius Network’s recent suspension of withdrawals, as well as the crash of Terra (originally LUNA, now LUNA Classic, or LUNC), show the need for crypto-asset regulation in the European Union. She added that ongoing concerns about crypto potentially being used to circumvent sanctions on Russia…
Veterans of the NFT big leagues, the Doodles let the CryptoPunks and Bored Apes take the spotlight and have been constantly working behind the scenes. Even though they’re not a worldwide brand like the other two, everybody’s seen the Doodles. They just don’t remember when or how those little drawings. Don’t let that fool you, though. The collection’s total sales are $496M, according to CryptoSlam. So far. The generative collection consists of 10,000 Doodles that “are made up of hundreds of exciting visual traits designed by Burnt Toast” AKA Scott…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
John Caldwell, a founder of Unicorn, said the group was “surprised” by how little attention and support this protest action has received. Texas, a U.S. state known for supporting the ideals of autonomy, personal freedom and limited state intervention, has been at the forefront of the conservative-led charge to roll back abortion rights, he said. Source
According to an 8-K filed on Tuesday June 14, one of the world’s largest cryptocurrency startups, Coinbase, is laying off nearly 18 percent of its personnel. This comes as the crypto market continues to be battered by prospects of more aggressive Federal Reserve interest rate hikes. According to the filing, the reduction will reduce the company’s staff by 1,100 individuals, bringing the total to 5,000 by June 30. According to Coinmarketcap, the entire value of crypto assets has dropped by 25% in the last month. Crypto’s value has plummeted from…
Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original plans to slow the hiring process and the firm rescinding a number of employment offers. Coinbase ‘Grew Too Quickly,’ Crypto Exchange CEO Says On June 14, Coinbase published a blog post written by the company’s CEO Brian Armstrong. The letter from Armstrong was announced in a Tweet that said: Coinbase CEO Brian Armstrong announced today the difficult decision to reduce the size of…
The VeChain Foundation, a leading enterprise-grade L1 smart contract platform and the Ultimate Fighting Championship (UFC), have announced a multi-year marketing collaboration. According to both partners, this deal is “first of its kind” and is aimed at “breaking market grounds” for the mixed martial arts organization and the blockchain-based company. With this deal, the VeChain Foundation will have an “unprecedented level of integration into key UFC assets.” Some aspects where the influence of VeChain will be visible include broadcast features, live events, in-arena promotion, and original contents reserved for UFC…