Month: June 2022

Stratis (STRAX) gains 200%+ after Sky Dream Mall metaverse and stablecoin announcement

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Bear markets can be incredibly harsh for projects that have little adoption or lack an applicable use case, but projects that dedicate to building regardless of market sentiment tend to succeed in the next market cycle. One project that has seen a noticeable boost in volume, despite the wider-market downtrend is Stratis (STRAX), a blockchain development platform designed to help enterprise businesses establish their own blockchain in a simplified manner. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.365 on June 15, the price…

Nansen Casts Blame for stETH ‘De-Peg’ on Terra

From here, Nansen says many users opted to sell their stETH back for ETH, which had the effect of depressing stETH’s price. Most stETH sellers, according to Nansen, dropped their tokens onto Curve – a stablecoin-focused decentralized exchange (DEX). “The net stETH buy/sell during this period reveals that a net cumulative of over 169k stETH were sold on DEXs (primarily on Curve),” Nansen recounted. Source

What This Bitcoin Divergence Could Hint About BTC’s Price

Bitcoin is trending downside on lower timeframes and seems to hint at future losses. The number one crypto by market cap records a 3% loss in the past week, but there is a potential sign of hope for the bulls. Related Reading | Why Ethereum Could Trade At $500 If These Conditions Are Met At the time of writing, Bitcoin (BTC) trades at $20,000 with a 1% loss in the last 24 hours. BTC trends to the downside on the 4-hour chart. Source: BTCUSD Tradingview As a pseudonym trader pointed out,…

NYDIG study calculates the value of regulation worldwide in terms of BTC price gains

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The need for regulation is a common theme in discussions about cryptocurrency, and the claim is often taken to be self-evident. Now, financial services company New York Digital Investment Group (NYDIG) has done some number crunching to prove the point. In a new study, NYDIG quantifies the effect of regulation on the price of Bitcoin (BTC) worldwide. NYDIG studied Bitcoin prices at regular intervals following regulatory events affecting digital asset taxation, accounting and payments, as well as decisions on the legality of service providers and the digital assets themselves. The…

Coinbase (COIN) and Riot Blockchain (RIOT) Earnings Recaps… It's Time to BUY!

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Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves – Finance Bitcoin News

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Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank, will become a custodian for the company’s stablecoin reserves. Circle Partners With New York Community Bancorp On Tuesday, Circle announced that it is collaborating with NYCB, the parent company of the U.S. Bank National Association. According to the announcement, NYCB’s subsidiary, New York Community Bank, will custody reserves for Circle’s popular stablecoin usd coin (USDC). USDC is the second largest…

Why This Crypto Crash Is Different

Then came the pandemic. As governments closed down businesses and handed out money to people unable to work, central banks embarked on the most exorbitant money creation programs in history. Much of that money found its way into crypto markets, raising prices to unprecedented levels and fueling the rapid growth of high-yield lending, complex synthetic assets and toxic derivatives of a kind last seen before the 2008 financial crisis. While the real economy was shut down, there was a cryptocurrency feeding frenzy. Pension funds, hedge funds, software companies, football clubs…

Recapping What’s Behind The Crypto Market Panic

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The current streak of extreme fear is already the longest ever in crypto history, and it’s continuing on still. Here’s a recap of the major events responsible for this bottom sentiment. Crypto Fear And Greed Index Continues To Point At “Extreme Fear” The “fear and greed index” is an indicator that tells us about the general market sentiment among crypto investors. The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. All values below the fifty mark imply a fearful market, while those above…

Ronaldo partners with Binance: Nifty Newsletter, June 22–28

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In this week’s newsletter, read about Meta’s plans to expand their nonfungible token (NFT) testing on Instagram and Facebook. Check out how soccer legend Cristiano Ronaldo is planning to introduce his fans to Web3 through NFTs and how the rap legends Snoop Dogg and Eminem featured Bored Ape Yacht Club (BAYC) characters in their latest music video. Join Cointelegraph’s Tom Farren as he shares details from an event called The Digital Diaspora as part of last week’s NFT.NYC conference. And, don’t forget about this week’s Nifty News roundup featuring Yuga…