Day: June 21, 2022

FTX Exchange Bails Out BlockFi With $250M

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Is FTX saving the crypto industry or taking control of it? The derivatives-focused cryptocurrency exchange has been on the sidelines, watching everything around them collapse, and finally decided to take action. That or, as the rumor says, FTX created this whole situation in their labs and is now buying assets on the cheap. There’s only circumstantial evidence of that, though. The bailout, on the other hand, is completely real.  The proceeds of the credit facility are intended to be contractually subordinate to all client balances across all account types (BIA,…

BIS compares projects to transfer central bank digital currencies across borders

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The Bank of International Settlements (BIS) Innovation Hub released a report Tuesday looking at four projects that examined wholesale central bank digital currency (CBDC) transfers across borders. The projects demonstrated the technical feasibility of the transfers, the BIS found, but practical and policy issues remain outstanding.  The report considered the Jura project involving the central banks of Switzerland and France. Project Inthanon- LionRock2 and the ongoing mBridge project, involving currencies in Asia and the Middle East, were also examined, as was Project Dunbar, a joint effort of Australian, Malaysian, Singaporean…

The Crypto Market is BROKEN 💥 (Bitcoin, Ethereum, Solana, & Binance News)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The crypto market is broken!? Let’s discuss the LATEST cryptocurrency news for bitcoin, ethereum, altcoins, & more! 👋 SLAP THE LIKE BUTTON! Dcentral Austin is June 7th-8th! Use Promo Code ALTCOINDAILY22 for 30% off: 💰 The Largest Recession in History is Coming (BUY BITCOIN NOW?!) | Will Clemente 🎸 Gene Simmons REVEALS His 10x Cryptocurrency Portfolio for 2022: 📈 Raoul Pal’s Crypto Forecast for 2022: Altcoin Daily, the best cryptocurrency news media online! Is ethereum a good investment 2021? What will ethereum…

Uniswap acquires NFT marketplace aggregator Genie to further ‘universal ownership’ goals

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Decentralized exchange Uniswap announced the acquisition of the NFT marketplace aggregator Genie on June 21st. Uniswap said this move is part of its mission to unlock universal ownership and exchange on its platform. Uniswap is now integrating NFTs into its product line beginning with the Uniswap web app and later integrations are said to include developer APIs and widgets. This isn’t the first time Uniswap has worked with NFTs. In the spring of 2019 it launched Unisocks which offered NFT liquidity pools backed by real-world assets. Uniswap said in the…

Crypto Exchange FTX Injects $250,000,000 Into BlockFi, Acquires Stock-Clearing Startup

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Crypto exchange FTX is pouring hundreds of millions of dollars into top digital assets lender BlockFi, while also acquiring stock-clearing firm Embed. FTX CEO Sam Bankman-Fried explained on Twitter why the exchange viewed BlockFi as a sound investment opportunity during the crypto market downturn. “Today we’re injecting $250 million into BlockFi and partnering with them so they can navigate the market from a position of strength. BlockFi has careful risk management and great leadership. So they successfully removed at-risk counterparties preemptively. BlockFi customer assets are appropriately managed, with no debt/risk…

Why The Inventor Of Ethereum Attacked This Bitcoin Pricing Model

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The inventor of Ethereum Vitalik Buterin took aim at the controversial Bitcoin price model Stock-To-Flow (S2F). Buterin believes the model is “not looking good” and openly criticized it because it gives crypto investors a “false sense of certainty”. Related Reading | Bitcoin Back At $21K After 75% Drop, Where Does It Go From Here? This creates the illusion, according to Buterin, that Bitcoin will constantly trend to the upside. As the recent price action has proven, this could lead to many people losing their initial investment and more. Buterin said via…

Bank of Spain Has Registered 17 Crypto Companies, Big Names Still Missing – Regulation Bitcoin News

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The Bank of Spain has already included 17 virtual asset service providers in its own registry, in which cryptocurrency exchanges and custody providers must be listed to operate, according to Spanish law. Three new companies were included last week, but big names in the crypto ecosystem are still not registered. Bank of Spain Crypto Registry Reaches 17 Companies The registry of virtual asset service providers (VASPs) of the Bank of Spain reached a number of 17 companies last week, with the inclusion of three more crypto businesses. The…

NFT, BLOCKCHAIN, DAN MASA DEPAN "SENI"

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hai Civs! Lo pada pasti udah pada sering denger istilah NFT kan? Ya iya dong, secara lagi happening banget juga. Tapi sebenernya apa sih NFT? Apa bener NFT bisa jadi solusi singkat dapet banyak cuan? Bareng SOLANA, Bang Roy bakal ngajak lo untuk kenalan lebih dalem soal NFT lewat video ini. Ngobrol bareng Tamar Mentesashvili Ecosystem Growth Solana, Dennis Adhiswara, dan Mr. Kinur, banyak aspek dari dunia NFT yang dibahas. Cari tau, yuk! Nah kalo lo udah nonton sampe abis, boleh juga…

Defi Pioneer, Bancor, Under Fire for Pausing Impermanent Loss Protection Due to Hostile Market Conditions

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Bancor, a Decentralized Finance protocol often regarded as a pioneer in the DeFi ecosystem, has come under heavy scrutiny after it announced that it would pause its impermanent loss protection program. The DeFi platform cited extreme market conditions for stopping this program. However, Bancor has been criticized for pausing the program when liquidity providers need the protection program the most. Bancor reiterated that the pause would only be temporary, stressing that it was done in a bid to protect the protocol and its users. The post stated, “The temporary…