The latest price moves in bitcoin ($BTC) and crypto markets in context, for June 24, 2022. Original
First Mover Americas: Bitcoin Holds $21K as BTC Outflows Hit Record High
Day: June 27, 2022
Voyager Digital issues notice of default to Three Arrows Capital
Crypto exchange Voyager Digital has issued a notice of default to hedge fund Three Arrows Capital (3AC) for its failure to pay its 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) loan disclosed in a previous statement. In a market update by Voyager, the exchange noted that it’s currently exploring “legal remedies” that are available with its advisors and is aiming to pursue the recovery of its funds from 3AC. Additionally, Voyager disclosed that the firm has $137 million in cash and crypto as of June 24, 2022. The…
BTC, ETH Lower, as Both Run Into Strong Resistance – Market Updates Bitcoin News
Bitcoin remained close to a ten-day high on Monday, as prices consolidated following gains from the weekend. Although ETH was lower to start the week, it was also able to remain close to Sunday’s peak around the $1,280 level. Bitcoin BTC was consolidating during today’s trading session, as bulls appear to have secured some profits following recent gains. Coming from the back of a high at $21,783.72 on Sunday, BTC/USD rose to an intraday low of $20,965.11 on Monday. This decline sees bitcoin start the week trading almost 2% lower,…
Metaverse can’t be built on the corporate business model, says EY innovation lead
Magnus Jones, the innovation lead at big four accounting firm Ernst & Young (EY), believes that the Metaverse would be led by the younger generation and cannot be built on the same principles of the corporate business model. Jones’s comments came during an exclusive interview with Cointelegraph managing editor Alex Cohen at the European Blockchain Convention (EBC) 2022. The EY innovation lead shed light on the company’s investment strategy, explaining why a significant chunk has gone towards younger generation firms and startups. He said that many of these young firms…
Goldman Cuts Coinbase to ‘Sell’ Due to Fall in Crypto Prices and Industry Activity; Shares Drop
The company faces a difficult choice between shareholder dilution and effective employee compensation, the report said. Source
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Payroll, Web3 and the $62B Opportunity
Crypto can make it faster and cheaper to pay workers. This article is part of the “Future of Work” series. Source
Do It More Like Web3
And yet, DAOs are beginning to integrate certain aspects of the traditional hiring process. For example, infrastructure providers, such as Wonderverse, Drepute and GitPOAP, are competing to build tools that could be used as Web3 “resumes,” where DAO contributors can track their contributions and experiences. Unlike traditional resumes, which require the hiring manager to trust what’s written on the paper (or verify it themselves), the new versions will display non-fungible or proof-of-attendance protocol tokens (NFTs or POAPs) attesting to past work and verifiable on-chain. This model also consolidates inherently diffuse…
The Crypto Jobs Boom
Just a few of the high-profile jumps from the “old world” into crypto: Sherice Torres, the former chief marketing officer of Meta Platforms, Facebook’s parent company, is now the CMO of payments company Circle. Brian Roberts hopped from Lyft, where he was the chief financial officer, to NFT (non-fungible token) marketplace OpenSea, where he holds the same position. Andreessen Horowitz, a venture capital fund heavily investing in crypto, scooped up a glittering roster of all-star talent, including Bill Hinman (former director at the U.S. Securities and Exchange Commission), Brent McIntosh…
Step App: Using Blockchain to Reimagine Fitness
Traditional industries are currently facing an ultimatum—either embrace new technology or succumb to old methods. Since 2008, blockchain technology has been central to this conversation. According to recent estimates, corporations will spend nearly $20 billion on blockchain services by 2024. Overall, blockchain has emerged as a revolutionary and disruptive technology, creating opportunities across finance, real estate, entertainment, healthcare, and gaming. It’s also pivotal to Web3, and is undoubtedly here to stay. One of the industries that is undergoing significant changes due to blockchain’s impact is fitness. The sector was worth…