Month: June 2022

Uniswap goes against the bearish trends, overtakes Ethereum

boss

This past week, the decentralized finance (DeFi) ecosystem tried gaining some momentum amid the bear market crash. Uniswap saw a trend reversal and overtook Ethereum regarding network fees paid. However, not all DeFi protocols were as lucky, as Bancor had to pause its “impermanent loss protection” in the wake of a hostile market. DappRadar’s report shows that the GameFi ecosystem continues to thrive despite the current downturn in the market. Solend invalidates Solana whale wallet takeover plan with second governance vote. The top 100 DeFi tokens showed signs of recovery…

Here’s how pro traders could use Bitcoin options to buy the $20K BTC dip

boss

Bitcoin hit a 2022 low at $17,580 on June 18 and many traders are hopeful that this was the bottom, but (BTC) has been unable to produce a daily close above $21,000 for the past six days. For this reason, traders are uncomfortable with the current price action and the threat of many CeFi and DeFi companies dealing with the loss of user funds and possible insolvency is weighing on sentiment. The blowback from venture capital Three Arrows Capital (3AC) failing to meet its financial obligations on June 14 and…

Why the Crypto Crash Will Accelerate Regulatory Action

In August 2021, the federal banking agencies launched crypto “sprints” and, in the fall of 2021, laid out their agenda for 2022. In November 2021, the President’s Working Group on Financial Markets (PWG), released a report detailing risks associated with stablecoins, including the risk of a panic akin to a bank run, and called on Congress to pass new legislation limiting stablecoin issuance to insured banks. Then in March 2022, President Biden issued an executive order on digital assets. The report acknowledged potential benefits of innovation in digital assets, but…

FTX may be planning to purchase stake in BlockFi: Report

boss

Crypto exchange FTX is reportedly in talks to acquire a stake in BlockFi following the company issuing a $250 million credit to the lending firm. According to a Friday report from the Wall Street Journal, FTX is currently in discussions with BlockFi regarding the crypto exchange purchasing a stake in the firm, but no equity agreement has been reached. The reported ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday. “BlockFi does not comment on market rumors,” a BlockFi…

"The Merge Probably Will Happen In The Summer" (Ethereum Merge Update)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video I share and discuss all the latest Ethereum Merge updates and timelines. This includes Vitalik’s latest appearance at ETH Shanghai and a recap of the Ethereum Dev and Consensus Calls. Links to support me: ▶️ Red Fox Crypto Discord: ▶️ Awesome Miner Referral Link: ▶️ Hive OS Referral Link: ▶️CoinTracking Referral Link: ▶️Parallel MIner Referral Link: Current Favorite GPUs: ▶️ RX 6600: ▶️ RX 6600 XT: ▶️ RTX 3090: Mining Rig Parts I Use: ▶️ 6-GPU Frame: ▶️ 8-GPU…

Binance Seals New NFT Deal Involving Football Star, Cristiano Ronaldo

boss

Although many crypto firms are experiencing the bite of the bearish cryptocurrency season, Binance looks to up its game by taking an aggressive stance and signing a deal with football superstar Cristiano Ronaldo. This deal with Ronaldo will be centered around NFTs. Last week saw many layoffs in the crypto space. Binance CEO Changpeng Zhao was caught in attention when he posted a tweet at competitors who fired workers during the meltdown. It didn’t take much time for Crypto twitter to find the hilarity in the post, as the photo…

SHIB’s Shibarium Public Beta Is Planned for Deployment in Q3 – Bitcoin News

boss

The shiba inu crypto community is anticipating the launch of the layer two (L2) scaling solution Shibarium after it was revealed that the public beta will launch in the third quarter. According to shiba inu developers Shytoshi Kusama and Ryoshi, the layer two solution will bring transaction fees down considerably and possibly to zero. Shiba Inu’s L2 Solution Shibarium to Launch in Q3, Ethereum Whale Acquires 163.2 Billion SHIB The meme token shiba inu (SHIB) has seen a 33.6% gain against the U.S. dollar during the last seven days and…

U.S. crypto firm Harmony hit by $100 Million Theft

boss

According to a tweet from Blockchain Harmony, the hack of its Horizon bridge, which enables users to transfer currencies between various blockchains, happened on Thursday morning. One further significant weakness in the ecosystem of digital assets was revealed when hackers stole nearly $100 million from a so-called bitcoin bridge. Blockchain harmony assured that it has “begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds.” According to CoinGecko, Harmony’s native ONE token, which is used to pay transaction fees, collect incentives,…

Es argentino, ofrece tours en Airbnb para explicar bitcoin y a los turistas les encanta

boss

Cuando Buterin visitó Argentina en diciembre de 2021, fue parte de la visita guiada de Ferrer. “No sabía cómo reaccionar, fue una grata sorpresa”, recordó Ferrer, y agregó que Buterin entregó algunos ether en la cueva a cambio de ARS 93.000 –aproximadamente $450, según la tasa informal de ese entonces– para utilizar durante su tiempo en Argentina. Original

With Bitwise and Grayscale Decisions Looming, Spot Bitcoin ETF Approval Hopes Are Running Low

“It seems that it’s no longer a question of ‘if’ but just a question of ‘when’ the SEC will finally approve a spot ETF,” Bradley Duke, co-CEO of the London-based ETF issuer, ETC Group. “But the current crypto market turbulence, including the fallout from the collapse of UST and Terra Luna and the distress of major crypto finance firms like Celsius and BlockFi, could all contribute to giving the SEC reason to delay further opening the floodgates.” Source