After integrating with DeFi major Aave, Lido saw leverage kick up a gear and nudged some larger players to unwind. But plenty of people didn’t. Source
Lido Finance Warns Leverage Is a ‘Hell of a Drug’
Month: June 2022
NFT.NYC expecting ‘diverse and eclectic audience’ to drive utility narrative of NFTs
NFT.NYC, one of the largest nonfungible token events, is preparing to open its doors for a fourth year, celebrating the diversity of NFTs across 16 sectors, including art, film, sports and ticketing. Held from June 20 to 23 in New York City, the blockbuster event will serve as a global melting pot of everybody who’s anybody in the NFT world, showcasing 1,500 speakers across panels, talks, fireside chats and hundreds of pop-up events. Attendance figures are expected to soar from last year’s 5,600 to over 15,000 this time around. Cointelegraph…
Bitcoin whale support lines up as trader says $14K ‘most bearish’ BTC price target
Bitcoin (BTC) survived another night without breaking $20,000 on June 17 as $14,000 cemented itself as a likely bottom level. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader plans to go “all in” on BTC at $14,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $20,220 on Bitstamp overnight before rebounding up to $1,200 higher. The pair remained skittish but within a narrow range as market participants waited to see how long $20,000 would hold. The picture was complicated by increasing concerns over investment fund Three Arrows Capital…
Crypto’s uses and misuses: Binance–Reuters quarrel raises questions
Crypto exchange Binance has courted controversy almost since its 2017 beginnings, and five years later, the dustups continue. On June 6, the United States Securities and Exchange Commission was reported to be investigating whether Binance Holdings broke United States securities rules in launching its digital tokens. Meanwhile, on the same day, Reuters published a scathing 4,700-word “special report” titled “How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers.” Binance almost immediately retorted to Reuters with a blog post of its own, warning about “authors and pundits…
Bill Presented in Brazil Seeks to Include Crypto as Approved Means of Payment – Regulation Bitcoin News
A new bill presented in Brazil is trying to introduce bitcoin and other cryptocurrencies as an approved means of payment in the country. The bill, presented by Federal Deputy Paulo Martins, proposes to amend already existing regulations to include several dispositions that would allow cryptocurrency payments and investments to be officially supported. New Bill Proposes to Legalize Crypto for Payments in Brazil Brazil is one of the countries in Latam that has been making advancements when it comes to cryptocurrency regulation in the last year. Now, a new…
Michael Saylor: NO ONE Is Telling You This About Ethereum – BEST Cryptocurrency After Bitcoin (2022)
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Michael Saylor: NO ONE Is Telling You This About Ethereum – BEST Cryptocurrency After Bitcoin (2022) 🔥 Earn up to $250 in crypto when you signup and start earning passive income with BlockFi! 🔐 What I use to keep my crypto secure! About Raoul Pal: Michael J. Saylor is an American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services. Saylor authored the 2012 book The Mobile Wave: How Mobile Intelligence…
UAE launches the world’s most expensive modern postage stamp
The United Arab Emirates has launched the world’s most expensive modern postage stamp to celebrate the 50th anniversary of the country’s foundation day. Emirates Post Group, a government-owned post office launched the first edition of the modern postage stamp with four editions. Each physical stamp in the collection comes with a digital version. The most expensive edition is the “Golden Jubille 2021,” which has a total of 2021 pieces and costs a 2021 AED ($550 USD). Each stamp contains one gram of gold The second stamp is called the “Spirit…
Three Arrows Capital Confirms Heavy Losses From LUNA's Collapse, Exploring Potential Options: Report
Terra’s implosion in mid-May and falling bitcoin prices affected the fund’s portfolio, its founders confirmed. Source
Hester Peirce criticizes lack of legal clarity for crypto
The crypto sector may be maturing, but regulatory clarity around the treatment of digital assets continues to remain cumbersome. This was recently highlighted by Commissioner Hester Peirce — also known as the United States Securities and Exchange Commission’s (SEC) “crypto mom” — in remarks she made at “The Regulatory Transparency Project Conference on Regulating the New Crypto Ecosystem: Necessary Regulation or Crippling Future Innovation?” Peirce began her speech by emphasizing the importance of “regulating the new crypto ecosystem.” While this may be, Peirce also noted that the crypto industry is…
Hester Perice criticizes lack of legal clarity for crypto
The crypto sector may be maturing, but regulatory clarity around the treatment of digital assets continues to remain cumbersome. This was recently highlighted by Commissioner Hester Peirce — also known as the United States Securities and Exchange Commission’s (SEC) “crypto mom” — in remarks she made at “The Regulatory Transparency Project Conference on Regulating the New Crypto Ecosystem: Necessary Regulation or Crippling Future Innovation?” Peirce began her speech by emphasizing the importance of “regulating the new crypto ecosystem.” While this may be, Peirce also noted that the crypto industry is…