Day: June 29, 2022

A British Virgin Islands Court Order Liquidates Crypto Firm Three Arrows Capital – Bitcoin News

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According to a recent report from Sky News citing a source familiar with the matter, “cryptocurrency insiders” have said that the troubled crypto hedge fund Three Arrows Capital (3AC) has been formally liquidated by a British Virgin Islands (BVI) court. The report does not disclose what type of assets face liquidation, but the sources remarked that “the [3AC] liquidation would be a significant moment in the current unraveling of the cryptocurrency sector.” 3AC Reportedly Liquidated by British Virgin Islands Court System — Reporter Says Immediate Financial Implications Are ‘Unclear’ Once…

Taiwan central bank governor considers interest-free CBDC design to prevent fiat deposit flight

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As reported by local news outlet bnext.com on Wednesday, Chin-long Yang, governor of the Central Bank of the Republic of China (Taiwan), recommended a no-interest design for the country’s central bank digital currency, or CBDC, pilot. In explaining the decision, Yang said that a CBDC where interest is paid on digital asset deposits would likely become a replacement for fiat New Taiwan dollar (NT$) deposits in banks. “Once the banks’ available deposits decrease,” Yang explained, “it would lead to a corresponding increase in the cost of financing and thereby increase…

Michael Saylor – THIS Is Exactly What I Said Was Coming… | Bitcoin News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Michael Saylor – THIS Is Exactly What I Said Was Coming… | Bitcoin News Michael Saylor is an American entrepreneur and the CEO of Microstrategy. He is one of the most well-known figures in the Bitcoin community. He knows everything there is to know about selling Bitcoin, and the current cycle we’re in. He’ll go over BTC, and we’ll learn why he thinks Bitcoin is the greatest asset in human history. For all the latest Bitcoin news, be sure to watch to…

Young Web3 Believers Unfazed by Battered Crypto Market

In the Bay Area, a student pursuing a master’s program in software management at Carnegie Mellon University Silicon Valley expresses his concern about embarking on a crypto career. The student, who wishes to be anonymous, had been involved in crypto since the age of 14. In Eastern Europe, where he lived, he would import crypto mining machines from China and with his father mine bitcoins and ETH. This interest continued into his freshman year in college, when he would miss lectures to try to buy more mining rigs. In his…

CZ: Many Might Laugh at Michael Saylor Now For Buying More Bitcoin, But He’ll Get the Last Laugh

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Summary: CZ believes Michael Saylor will get the last laugh in time over MicroStrategy’s consistent Bitcoin purchases. CZ was responding to news of MicroStrategy buying an additional 480 Bitcoins for $10 million. MicroStrategy now holds 129,699 Bitcoin at an average entry price of $30,664. However, Peter Schiff believes that Mr. Saylor bought a small amount to influence the market. Binance CEO, CZ, has offered valuable insights into MicroStrategy’s and Michael Saylor’s consistent purchases of Bitcoin despite the ongoing crypto bear market. According to CZ, many might laugh at Michael Saylor…

Why Bitcoin Must Break $22,500

Bitcoin continues to struggle to hold the $20,000 level even after a recovery coming out of the weekend. This decrease in price has pushed the market further into the bear market. It still trades at very critical levels which will determine the movement for the next couple of weeks. These two main points are the support that formed at $20,000 and the 200-week moving average. Bitcoin Turning Bearish? The price of bitcoin at the time of this writing is ranging towards $20,000 with drawdown. Being so dangerously close to this…

LBank Exchange Will List Delio (DSP) on June 30, 2022 – Press release Bitcoin News

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press release PRESS RELEASE. INTERNET CITY, DUBAI, Jun. 29, 2022 – LBank Exchange, a global digital asset trading platform, will list Delio (DSP) on June 30, 2022. For all users of LBank Exchange, the DSP/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on June 30, 2022. Its native token DSP will be listed on LBank Exchange at 16:00 (UTC+8) on June 30, 2022, to further expand its global reach and help it achieve its vision. Introducing Delio – Delio is a leading company in the Web…

Citi calls out potential risks of crypto-backed mortgages and benefits of metaverse property

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Investment banking giant Citigroup has released research on how property technology could affect the housing market, mentioning virtual estate in the metaverse and cryptocurrency-backed mortgages. In a report released Wednesday titled, “Home of the Future: PropTech — Towards a Frictionless Housing Market?” Citi said crypto, blockchain and property in the metaverse had the “potential to transform the traditional real estate market.” While crypto-backed mortgages could streamline the process of purchasing a home, many individuals have seen investments in metaverse property grow in the last two years. Citi reported that property…

⚠ FINAL MOVE DOWN? ⚠ BITCOIN PUMP COMING? BITCOIN ANALYSIS – BTC PRICE PREDICTION – SHOULD I BUY BTC

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io LOOKING FOR MORE? Our NFT Project – PATREON 👉 Our All-Access Pass Includes the following benefits: • Technical Analysis • News Updates • Private All Access Discord Community • Patron-only posts and messages • Exclusive Content • All Access Members Livestreams • EXCLUSIVE Buy Alerts • EXCLUSIVE Sell Alerts • EXCLUSIVE Staking Alerts • EXCLUSIVE Swing Trade Updates • Whale Alerts • Exchange Listing Alerts • Coin Trend Alerts – Keeping you ahead of others in the space • Trading Education covered…

Polkadot’s founder announces steps toward full decentralization with new governance model

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Live from Polkadot Decoded in Buenos Aires on Wednesday, Polkadot (DOT) and Kusama founder Gavin Wood announced that the blockchain’s governance model would undergo a new transformation. Dubbed Gov2, anyone would be able to start a referendum at any time for as many times as they wish in the new setup, similar to initiating new transactions on the blockchain. Thereafter, pending referenda need 50% of the vote from stakeholders within 28 days’ time for approval or face rejection by default. Participants can also intervene and launch timely cancellation proposals, which…