Month: September 2022

Separating risk from lending saved DeFi from market crash

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Maple Finance co-founder and CEO Sid Powell says that transparency has been the saving grace of decentralized finance (DeFi) amid the prolonged crypto market slump. Speaking to Cointelegraph on the sidelines of the Converge22 conference in San Francisco, Powell noted that, throughout the crypto winter, DeFi has continued to operate as intended while centralized finance (CeFi) has become “pretty inactive.” Powell suggested that during the market crash, CeFi lenders hadn’t properly “battle-tested” and weren’t “prepared to liquidate clients,” prioritizing maintaining client relationships. “As the price of Bitcoin was tumbling, they…

Bitcoin Could ‘Double in Price’ Under CFTC Regulation, Chairman Behnam Says

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“Non-bank [crypto] institutions thrive on regulation, they thrive on regulatory certainty, they thrive on a level playing field,” Behnam added. “And they may say otherwise, they might bicker about the type of regulation – but what they love most is regulation because they are the smartest, the fastest and the most well-resourced. With those attributes, they can beat everyone else in the market.” Original

Illuvium co-founder shares plans for new ‘interoperable blockchain game’ model

Kieran Warwick, co-founder of the blockchain role-playing game Illuvium has lifted the curtain on a gaming concept he says has never been done before — the interoperable blockchain game (IBG).  Speaking to Cointelegraph during Token2049 in Singapore, Warwick said Illuvium has three games currently being built which will be underpinned by the same economy, governed by a single token (ILV),  and connected by the blockchain — making it an interoperable experience. “We’re building something that has never been done before not in the mainstream and not in Web3.”  IBG, a…

Analyst Says BTC Is Angling For Six Digit Rally In Next Year

A popular crypto analyst has predicted that Bitcoin (BTC) is on a bullish path to reach six figures in 2023. Known pseudonymously as Credible, the analyst made the prediction on his Twitter handle while addressing his over 300k followers.  The recent bear market began in late 2021, with Bitcoin dropping over 60% from its previous high. However, Credible believes that the crypto giant is experiencing a correction period that’ll see it rally up to six figures. Related Reading: Sam Bankman-Fried Eyes On Bidding For Celsius Assets How The Crypto Market…

Bitdash Payment Proof-Free Bitcoin Mining Site 2022-Free Cloud Mining Site 2022

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Why Single-Digit Gains Is The Best Case Scenario For Bitcoin This September

Bitcoin gains for the month of September have been less than encouraging for investors. The month has historically been bearish for the digital asset, which makes it no surprise when multiple dips had begun to rock it. Now, as the month draws to a close, it continues to follow the trend for most of the month. This means that it is likely not to be any significant recovery, and single-digit gains may be the best it can do. September Proves To Be Deadly The month of September has not been…

Bank of England Uncertainty – What Does this Mean for Crypto? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  As markets experienced some relief yesterday from the persistent sell pressure we have seen, the sea of green across crypto lasted very briefly. Fear around the Pound’s instability and lack of certainty over the UK government’s stance on monetary policy has taken headlines by storm. This topic has caused extreme fear around whether the UK government have control over their own currency. However, the Pound’s major sell off was mainly a technical move caused by traders dumping their positions in…

Biden’s cryptocurrency framework is a step in the right direction

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The White House released its first comprehensive framework this month for the Responsible Development of Digital Assets following President Joe Biden’s March 9 executive order. The order called for regulators to assess the industry and develop recommendations to safeguard investors while simultaneously promoting innovation. While more work is needed, the framework is a step in the right direction as it shows the willingness of regulators to provide the industry with the much-needed regulatory clarity it seeks.  The framework’s recommendations addressed six key areas to protect market participants, offer access to…

"Inflation Reduction Act" vs. Crypto Market w/ Gareth Soloway

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Senate on Sunday afternoon passed Democrats’ $750 billion health care, tax and climate bill. The Democrat-controlled House, which is expected to take up the legislation on Friday, August 12, must approve the bill before Biden can sign it into law. The bill claims it will raise over $700 billion in government revenue over 10 years and spend over $430 billion to reduce carbon emissions and extend subsidies for health insurance under the Affordable Care Act and use the rest of the…