Day: June 20, 2022

Bitcoin mints more than 13,000 ‘wholecoiners’ in the past seven days

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Bye-bye bear market blues; welcome to the network, Bitcoin (BTC) believers. Over the past week, the number of Bitcoin wallet addresses containing one BTC or more increased by 13,091. The total number of “wholecoiners” surged to 865,254. The number of whole coiners has rocketed during the downward price action, highlighted by the hockey stick growth on the Glassnode graph: Since the 10th June the orange line has jumped. Source: Glassnode Christian Ander, the founder of the Swedish Bitcoin exchange BT.CX told Cointelegraph that “This is good for the ecosystem that…

Bitflex Commences BETA Testing With Zero-Trading Fees – Press release Bitcoin News

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press release PRESS RELEASE. Seychelles, June 20, 2022 – Bitflex Inc. (the “Company,” “we” or “our”), a blockchain technology company in the global market, today announced that the Company will commence BETA testing of its cryptocurrency exchange and plans to officially launch the exchange by October this year. The Bitflex exchange offers an aesthetically pleasing interface built-in with news, notifications, and charting tools to create a superior environment for users to make the most educated trades. The BETA platform will offer up to 8 trading pairs for linear perpetual swaps.…

Decoupling of Lido’s Staked ETH Differs From Stablecoin Collapse, CoinShares Says

This is not the same as the UST crash because the underlying asset, ETH, is not directly affected by the market price of stETH, CoinShares said. The benefit of stETH is that it allows users to earn yield from staking ether, using a technique known as liquid staking. The ETH that’s been staked continues to secure the network as planned, while users have access to a liquid asset that can be invested. Lido’s product can be classified as “premature” because the inability to un-stake makes the stETH feature incomplete, according…

Bancor pauses impermanent loss protection citing ‘hostile’ market conditions

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Bancor, a decentralized finance (DeFi) protocol often credited as the pioneer of the DeFi space, paused its impermanent loss protection (ILP) function on Sunday, citing “hostile” market conditions. In a blog post on Monday, the DeFi protocol noted that the ILP pause is a temporary measure to protect the protocol and the users. The blog post read: “The temporary measure to pause IL protection should give the protocol some room to breathe and recover. While we wait for markets to stabilize, we are working to get IL protection reactivated as soon as…

BITCOIN and PSYCHOLOGY of CRYPTOCURRENCY MARKETS

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Here’s how I can help you Courses One on one Coaching Connect with me here: Website: Twitter: Instagram: LinkedIn: Facebook: YouTube: Podcast: —– Greg is a serial entrepreneur, real estate developer, coach, and mentor. He has bought, developed and sold over $250 million in real estate, built and renovated hundreds of custom homes and commercial buildings, developed residential and mixed-use subdivisions and started 12 different companies from the ground up. Greg currently mentors some of the top entrepreneurs, real estate investors and…

Crypto lending can still survive bear market, analyst says

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The ongoing bear market on cryptocurrency markets is too harmful to industry lenders but the concept of crypto lending can still survive the bloodbath, according to some industry experts. Cryptocurrency lending is a type of crypto services allowing borrowers to use their crypto assets as collateral to get loans in fiat currencies like the U.S. dollar or stablecoins like Tether (USDT). The practice allows users to get money without having to sell their coins and repay the loan at a later date. According to Josef Tětek, Bitcoin (BTC) analyst at…

The Metaverse Founders Club Wants To Unlock Cross-Metaverse Interoperability To Provide A Better User Experience

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A growing interest in Web3 and metaverse development has created a schism. While there are many virtual experiences for users to explore, they all create gated communities. However, that will all change with the inception of the Metaverse Founders Club, a new project by Metametaverse and anitya.space. Unfracturing A Divided Virtual World There is no shortage of projects building their metaverse or virtual world with the help of blockchain technology. Various networks and layers offer the necessary tools for builders to begin creating their next-generation products or projects. However, there…

Digital Asset Exchange Coinmena Secures Provisional License Allowing It to Operate in the UAE – Bitcoin News

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Coinmena, the Bahrain-headquartered and sharia-compliant digital asset exchange, announced recently that it had secured a provisional virtual assets license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license allows Coinmena to not only expand its activities but to “further strengthen [its] banking relationships within the UAE.” Expanding Coinmena’s Activities in the UAE A Bahrain-headquartered digital asset exchange, Coinmena, has been granted a provisional virtual assets license by Dubai’s Virtual Assets Regulatory Authority (VARA). The provisional license allows Coinmena to continue its operations in Dubai while “it undertakes the in-depth process”…