Day: July 1, 2022

Tether continues to reduce commercial paper in sharp reduction since March

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Tether is reducing its commercial paper holdings on pace with plans, the stablecoin company reported Friday. It has reached the target sum of $8.4 billion in commercial paper, as per intentions first disclosed last month, and will continue to reduce its holdings in the immediate future.  On July 31, $5 billion of Tether’s commercial paper holdings will expire, leaving the company with $3.5 billion dollars’ worth in its portfolio. As a result, treasury reserves will make up a larger proportion of the company’s reserves, the report emphasized. Tether stablecoin USDT had…

DAOs Are the New Way of Impact Work

In a DAO, the tragedy of the commons plays out in less intuitive ways, when leaders don’t share context for those that come after them, or when time gets eaten up by bikeshedding. But through shared principles, agreements, and creative constraints, DAOs can become fundamentally generative and set the initial conditions for sprawling, open environments. Unlike in traditional corporate structures these kinds of mycelial networks form without bureaucracy, leaving contributors open to reclaim their agency and self-organize. Notably, no DAO is perfect, and as in any organization documentation is critical.…

Crypto Market Loses $60 Billion As Bitcoin Dips Below $20,000

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As of June 28, the bitcoin price fluctuated slightly above the $20K mark. However, toward the end of the day, it eventually dropped to $20K. The market watch also noted the bearish state in the price of most altcoins. These include DOGE, AVAX, SOL, and many others. Drawing from June 29 data, Bitcoin’s price has finally plunged below the $20K mark. Many renowned cryptos like the Ethereum, Shiba Inu, and Doge tokens also feel the heat of the bearish turn in the market. Bitcoin Lost The $20,000 Price Mark According…

Cathie Wood’s NEW Ark Invest Bitcoin ETF (ARKB) – Is It Worth Buying?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In today’s video we’re going to be analyzing $ARKB Ark Invest’s Bitcoin ETF. Cathie Wood the CEO/ CIO of Ark Invest has partnered with 21Shares to bring this ETF public & recently filed to bring public with the SEC. Upon approval of Bitcoin ETF’s Cathie plans to lead the race running first. Cathie Wood has always been transparent about her 500k price target for Bitcoin. Believing in her 5 year + time horizon BTC has far superior upside compared to the short…

Crypto World Is Cautious of Finer Details In EU’s MiCA Law

“If a non-fungible token becomes fungible, then it will fall into” either MiCA, or other EU laws governing conventional financial instruments, said the source, who asked not to be named. In reality, another source has told CoinDesk, last-minute drafting changes may mean that the law may apply to any NFT that is part of a series and able to be divided up – or “fractionable,” in legal jargon. Source

SAND up 15% on Friday, as MATIC Rebounds From Near 10-Day Low – Market Updates Bitcoin News

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SAND was up by over 15% on Friday, as crypto prices rebounded following sell-offs during Thursday’s trading session. SAND fell to a one-week low yesterday, with MATIC, another notable gainer, dropping to nearly a ten-day low on Thursday. Overall, crypto markets are up 1.30% as of writing. The Sandbox (SAND) SAND was one of the most notable movers during today’s trading session, as crypto prices rebounded on Friday. Following a low of $0.9644 on Thursday, SAND/USD rallied to an intraday peak of $1.17 to start the month of July. Prices…

Argentina carries out crypto wallet seizures linked to tax delinquents

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Argentina’s tax authority has seized more than 1,000 cryptocurrency wallets linked to delinquent taxpayers in the country. According to a report from local media outlet iProUP, courts across Argentina authorized the seizure of 1,269 cryptocurrency wallets belonging to citizens with outstanding debt to Argentina’s Federal Administration of Public Income (AFIP). AFIP signaled its intent to go after cryptocurrency wallets belonging to tax delinquents in May, ordering cryptocurrency exchanges and payment service providers to deliver monthly reports on users of their platforms. Crypto services were requested to verify the identity of…