Day: June 17, 2022

Sweeping layoffs, hiring, and firing as crypto prices take a massive downturn

Many in the crypto world have been glued to their screens with eyes dead set on financial conditions this week. That isn’t the case for everyone though, as thousands are suddenly experiencing woes of sudden unemployment. Words of encouragement and sympathy also poured out across Twitter and LinkedIn consoling individuals released from their responsibilities. Some expressed frustration, confusion, and anger while others expressed gratitude, renewed vision, and reflections. My heart is with those recently laid off. I too have been one of the lucky ones to be spared by massive…

ECB Considers Capping Digital Euro in Circulation at 4,000 per Capita, Panetta Reveals – Bitcoin News

boss

With concerns about financial stability in mind, the European Central Bank (ECB) plans to limit digital euro holdings, according to Board Member Fabio Panetta. The plan is to have a maximum amount of digital cash in circulation similar to that of euro banknotes today, the official unveiled. Eurozone’s Central Bank to Keep Total Digital Euro Holdings Below 1.5 Trillion A digital euro could potentially lead to the conversion of a large share of bank deposits in the euro area into digital cash, Member of ECB’s Executive Board Fabio Panetta warned…

New High Potential Mobile Mining CRYPTO || Leo Coin || 5 crore Supply with 0.2$ Listing ||

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Leo Coin is free crypto Mining By Mobile. Earn daily unlimited coins with free Mobile Mining. Only 5 crore Total Supply. Listing in 0.2. Full Details in Hindi/Urdu in video. 🤝🤝🤝🤝🤝🤝🤝🤝🤝🤝🤝🤝🤝🤝🤝 💥 For Business Promotion 💥 👉 cryptonewstv72@gmail.com 👉 Telegram : @Mate470 🤝🤝🤝🤝🤝🤝🤝🤝🤝🤝🤝🤝🤝🤝🤝 👉 Leo Network : ✔️ Refferal Code : 01c04 👉 Fox Network : ✔️ Refferal Code : 765c1 👉 Fox Exchange : ✔️ Refferal Code : 0005b 👉 BCL Network : ✔️ Refferal Code : azk6qvnraro ———————————————————————— 💗 Social…

Crypto Exchange Giant Coinbase Adds Three Ethereum (ETH) Altcoins Plus One DeFi Token, Spurring Surprise Rallies

boss

A privacy-focused scaling solution altcoin is scaling up after joining Coinbase’s roster of crypto assets. In an announcement, Coinbase says Marlin (POND) is now live across its entire platform, including on the iOS and Android apps. News of the Coinbase listing has Marlin surging by 31% to $0.013. POND was trading for as low as $0.007 on Monday. Also joining Coinbase is the decentralized finance (DeFi) protocol StaFi (FIS) which helps unlock the liquidity of staked crypto assets. Utility token FIS can be used to pay network transaction fees, voting…

President Of Panama Suspends Crypto Bill Citing FATF Guidelines

boss

The President of Panama, Laurentino Cortizo, has temporarily vetoed Bill No. 697, a bill dubbed the “crypto bill.” The President took this decision after saying that the bill requires more work to fit Panama’s financial regulations better. In May, President Cortizo warned that he wouldn’t sign the bill if it didn’t include additional Anti-Money Laundering (AML) regulations after the country’s National Assembly passed the bill in late April 2022. A copy of the 32-page veto was obtained by local media Outlet, La Prenda. It reported that the president wrote that it’s “imperative”…

Babel Finance Has Put a Halt to Withdrawals Due to a Lack of Liquidity

boss

Babel Finance, a Hong Kong-based asset management firm and cryptocurrency lender, is the latest cryptocurrency lending provider to be hit hard by the current market. Babel Finance said on Friday that redemptions and withdrawals from its products would be temporarily halted due to “unusual liquidity challenges.” According to a note on Babel Finance’s website, “Recently, the crypto market has seen major fluctuations, and some institutions in the industry have experienced conductive risk events.” The company stated it is in close contact with all the involved parties related to the…

ADAM CEO Michelle Bond Announces Bid for US Congress

Instead, Bond – who describes herself as an “America First conservative” – says she’s more concerned about gas prices and the country’s economic growth. In a campaign announcement provided to CoinDesk, Bond describes herself as “pro-life, pro Trump’s border wall…[and] she believes the police need to be defended, not defunded.” Source

Ethereum price risks a drop below $1K if these key price metrics turn bearish

boss

Ether (ETH) price is down 37.5% in the last seven days and recent news reported that developers decided to postpone the network’s migration to a proof-of-stake (PoS) consensus. This upgrade is expected to end the dependency on proof-of-work (PoW) mining and the Merge scalability solution that has been pursued for the past six years. Competing smart contracts like BNB, Cardano (ADA) and Solana (SOL) outperformed Ether by 13% to 17% since June 8 even though there was a market-wide correction in the cryptocurrency sector. This suggests that the Ethereum network’s…

Musk Could Possibly Turn Twitter Into a Crypto Payment Platform

boss

Elon Musk, billionaire and CEO of Tesla and SpaceX and new owner of Twitter, stated that integrating digital payments into Twitter “makes sense.” Musk recently reached an agreement to buy Twitter for $44 billion. Despite considerable public skepticism about the deal’s completion, it appears to be on schedule, and Musk’s attendance at Thursday’s conference indicates that he is committed to the purchase. During a virtual, all-hands-on-deck Twitter meeting, Musk said, “Money is fundamentally digital at this point and has been for a while.” He added, “It would make sense…