Month: June 2023

MicroStrategy’s Michael Saylor gives audacious forecast for bitcoin

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The atmosphere is charged in the US crypto arena, heightened by SEC Chair Gary Gensler’s seeming determination to rein in crypto businesses. MicroStrategy Inc’s co-founder and executive chairman Michael Saylor recently spoke to Bloomberg, commenting on this dynamic while painting an optimistic future for bitcoin. Since 2020, MicroStrategy has posited bitcoin (BTC) as the singular institutional-grade, investable asset in the crypto space. This globally recognized and acknowledged digital commodity has dwarfed other crypto contenders from Saylor’s…

Moxy.io Partners with Stainless Games to Release ‘Shock Rods’ Title

The collaboration between Moxy.io and Stainless Games will allow esports enthusiasts to engage in competitive matches within the captivating world of Shock Rods. In an exciting collaboration, Moxy.io, an esports platform, has joined forces with Stainless Games, a renowned game developer, to bring back the classic game “Shock Rods” to the gaming community. According to the press release shared with Coinspeaker, the collaboration is a fantastic fit because both teams are committed to delivering gamers with a top-tier platform and an amazing gaming experience. Remarkably, the partnership marks a significant…

Big week for crypto — Here’s everything you need to know

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In the latest episode of The Market Report, analyst and writer Marcel Pechman explains that United States inflation slowed for an 11th straight month in May, even though the Consumer Price Index increased 4% year-over-year. That’s down from 4.9% in April but still above the 2% target. Next, Pechman raises the question of regulation in light of the U.S. Securities and Exchange Commission suing Binance and Coinbase for allegedly violating securities laws by offering tokens including BNB (BNB), Solana (SOL), Cardano (ADA), Polygon (MATIC) and Algorand (ALGO), among others. When…

Producing viral notoriety in Web3

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Chances are, in the past, you took up parabolas, exponents, logarithms and the power law in your math subjects in school. During that time, you probably thought it was just something you needed to pass, not really something you would have a practical use for in the future.  Another topic you probably studied in school was algebra, where you likely encountered the formula for a straight line, y = mx + b. Again, most likely you thought of all these as just topics you needed to understand and pass. But…

P2P.org’s Ethereum Staking Application Is Now Available on Popular Wallet Provider Safe

Via P2P’s application, users on Safe can now stake their ETH directly “with just a few clicks whilst maintaining total ownership over their staked ETH,” said P2P CEO Alex Esin in the announcement Wednesday. Users who decide to stake 32 ETH – the minimum amount needed to stake on Ethereum – through the application will also have slashing protections, guaranteed by P2P, according to the announcement. Source

Bitstamp Joins Gemini and Archax on List of FCA-registered Exchanges

Amid growing concerns about consumer protection, market integrity, and financial crimes, the FCA has increased its scrutiny of the crypto sector. The UK’s Financial Conduct Authority (FCA) has approved Bitstamp’s registration as a crypto asset firm. Following the approval, Bitstamp became only the third firm to obtain the FCA license as a crypto exchange, following Gemini and Archax. Bitstamp Secures FCA Approval According to the FCA’s crypto register, Bitstamp UK Limited secured regulatory approval on 13 June, along with Interactive Brokers Limited. Consequently, Bitstamp will be able to offer its…

Gold Prices Increase while Dollar Weakens as Market Awaits Fed Decision

Most analysts and traders expect the Federal Open Market Committee (FOMC) to vote for holding the rates as they are. The prices of gold moved up on Wednesday as the dollar weakened while the world awaits a decision from the Fed. The slowing US inflation solidified assumptions that the Fed would keep interest rates unchanged later in the day, causing gold prices to soar. While the spot gold added 0.03% to $1,948.49 per ounce by 5:00 GMT, the US gold features also rose 0.2% to $1,961.70. The diminishing USD was…

Snoop Dogg NFT passport lets fans tour with the rapper in digital form

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Rap icon and entrepreneur Calvin Cordozar Broadus Jr., more commonly known as Snoop Dogg, dives into Web3 once again with a nonfungible token (NFT) project that will allow his fans to follow his life on tour. In an announcement, the rapper unveiled the Snoop Dogg Passport Series, an NFT collection that provides access to various content, such as behind-the-scenes videos and photos uploaded by Snoop Dogg while on tour. Holders of the NFT passport will also be eligible for future releases like artwork and merchandise. According to the rapper, he’s…

Bitcoin (BTC)Traders Await Federal Reserve Decision

Bitcoin (BTC) traders are taking a defensive stance ahead of Wednesday’s meeting of U.S. Federal Reserve’s Federal Open Market Commitee (FOMC) meeting, with most expecting a “hawkish” pause, i.e., the central bank leaving interest rates unchanged while keeping the door open for future increases. The Fed is set to announce its interest rate decision on Wednesday at 2 p.m. ET (18:00 UTC). Puts – or bearish bets – tied to bitcoin are trading pricier than bullish calls heading into the Fed meeting, according to options risk reversals data tracked by…