Month: June 2022

Microstrategy Debunks Margin Call Rumor — Says Bitcoin Liquidation Unnecessary Even if BTC Falls Below $3,562 – Featured Bitcoin News

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The CEO of the Nasdaq-listed software company Microstrategy has debunked the rumor that his company is facing a margin call for a bitcoin-backed loan and will be forced to sell some coins. If the price of the cryptocurrency “falls below $3,562 the company could post some other collateral,” the executive explained. Microstrategy Hasn’t Received a Margin Call Microstrategy CEO Michael Saylor debunked the rumor that his company is close to having to liquidate its bitcoin to meet a margin call for a bitcoin-backed loan. The rumor intensified as the price…

In Conversation With the Federal Reserve Chief Innovation Officer

The reality is, this industry doesn’t even know that the Fed wants to hear from them, let alone how to talk to the Fed. The simplest way I would implore your audience [to do] is, number one, our virtual door’s open. If you have a contact or you know how to engage with your local Federal Reserve Bank, great. If not, honestly, hit me up. I’m on Telegram. I’m on Twitter, I’m on LinkedIn, and I’ll be more than happy to understand what you’re trying to accomplish. And then, whether…

NEXO Price Drops by 40% In Three Days as Fear From Defi Contagion and Insolvency Crypto Fund Grows

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The price of Nexo (NEXO) kept falling on June 15 as crypto lending firms continued to be shaken by the crypto winter season. Nexo was speculated to be related to Three Arrows Capital (3AC), a Dubai-based crypto fund at risk of going insolvent. However, the company has denied the rumors of exposure to the company and has 100% liquidity to meet its debt obligations. NEXO, a security token at a cryptocurrency lending platform bearing the same name, fell by almost 25% to $0.61 a unit, its lowest price valuation since…

Litecoin Market Cap Reduces in Bearish Trends as It Loses Over $2 Billion in May

Litecoin was affected by the bearish movements that were recently experienced in the cryptocurrency market as its market cap crashed. Litecoin’s market cap was down by over 30% compared to what it was in the first week of May, wherein the digital asset was performing well. Litecoin’s market valuation was at $4.2 billion in the just-concluded month of May, a very disappointing figure. Litecoin was one of the major cryptocurrencies that were badly hit by the blow of the crypto crash in May. The coin was down by 11.04% on…

Double-Digits Losses Are The Order Of The Day As Bitcoin Declines To $20,000

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The crypto market crash has sent Bitcoin spiraling to $20,000. The pioneer cryptocurrency has in turn taken the market down with it, triggering massive losses. All digital assets in the market have not been left out of the onslaught. Regardless of their market cap, cryptocurrencies have all recorded massive losses that have translated to double-digit losses across all indexes. Not A Respecter Of Market Caps All of the indexes have been hit hard by the crypto market crash. Even the bitcoin index that had been putting up the most fight…

Wall Street Is WRONG About COINBASE Stock | NFT marketplace, Subscription | COIN Stock

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, I will be talking about why I feel Wall Street is wrong about Coinbase stock, going over the recent Q4 earnings report, and talk about the future NFT marketplace as well as a potential new subscription product. 👉 Follow my portfolio on StockCard.io & use “couchinvestor” promo code to upgrade to VIP: A portion of this video is sponsored by The Motley Fool. Visit [www.Fool.com/couchinvestor]​ to get access to my special offer. The Motley Fool Stock Advisor returns are…

Why The NFT Bubble Isn’t Sustainable Without Research Tools

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NFTs are the first generation of blockchain-based digital collectibles that change how the world thinks about art, investing, and ownership. But the sheer number of NFT projects and collections combined with the complexities of analyzing their value, have made it difficult for investors to make decisions based on anything more than hype. The first NFTs were launched in 2013 though NFTs first came around in 2012. The hype around them was intense, but it took a few years for the market to reach its current size and maturity. Despite being…

BitMEX’s Delo Will Not Face Prison After Guilty Plea

A spokesperson from Smith Villazor, the firm representing Delo, said, “We are pleased that the Court appropriately rejected the government’s cynical attempt to exaggerate the seriousness of the Bank Secrecy Act charge in this case. Today’s sentence of probation recognized that this case involved a compliance lapse that led to a regulatory violation – and nothing more.” Source

NFTs, According to Bill Gates, are “100% based on bigger fool theory”

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Microsoft co-founder Bill Gates, while delivering his latest thoughts on cryptocurrencies and non-fungible tokens (NFT) at a TechCrunch conference on climate change Tuesday, says, “You have an asset class that’s 100% based on some sort of greater fool theory that somebody’s going to pay more for it than I do.” Important to note is that this isn’t the first time the philanthropist and entrepreneur has cast doubt on digital assets. Gates reportedly claimed he doesn’t enjoy investing in cryptocurrencies since their worth is reliant on what someone else…

Ukraine-based blockchain firm announces ‘we’re still hiring’ amid market downturn, war

Sergey Vasylchuk, the chief executive officer of Ukraine-based decentralized staking provider Everstake, has said the company will continue to hire crypto professionals amid a market downturn and ongoing conflict in the country.  In a Wednesday Twitter thread, Vasylchuk said Everstake had hired 30 people since the Russian war against Ukraine started in February, and the firm still had more than 10 positions in marketing and development to fill. According to the CEO, Everstake is “not firing anybody” and had made preparations for a “special fund” to tide the firm over…