Month: June 2023

Forget about price! Polkadot Decoded 2023 says bear markets are for building

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The Polkadot Decoded 2023 conference just wrapped up and this year more than 100 speakers and 100 blockchain projects were in attendance.  The beauty of crypto bear markets is they catalyze a realignment of perspectives and objectives. All the hidden leverage is gone and most of the speculation is gone. SBF is gone. Do Kwon is gone. Three Arrows Capital, Su Zhu, Kyle Davies and a handful of other hucksters and snake oil salesmen have been exiled. And good riddance to all of them. Crypto doesn’t need hopium, messiahs, populists…

Blockchain Australia CEO calls for unified efforts to stamp out crypto scams

Blockchain Australia’s new CEO, Simon Callaghan, is urging Australia’s banks, the government and the crypto industry to come together to combat rising cryptocurrency scams. Speaking on the final day of Australian Blockchain Week in Melbourne on June 30, Callaghan announced that the association will now be focused on helping prevent scams that involve crypto, among its other efforts. Simon Callaghan speaking at Australian Blockchain Week on June 30. Source: Cointelegraph “We’re going to have to work with the banking sector. We’re going to have to work with the government,” the…

Azuki team faces backlash as buyers dump NFTs amidst losses

Chiru Labs’ Azuki NFT collection witnessed a steep 44% drop in floor prices within a 24-hour period as holders and market observers criticized the newly launched Elementals NFT collection. Community responses indicated a prevailing sentiment that certain NFTs in Elementals bore striking resemblances to the previously released Azuki collection, despite the initial branding distinctions. Stiking similarities Azuki, the non-fungible token (NFT) brand first launched in January 2022, launched its “Elementals” NFT collection on June 27. The new collection was announced to feature 20,000 editions as a derivative of Azuki’s popular…

Former Genesis Trading CEO Michael Moro to Lead Groundbreaking Cryptocurrency Derivatives Exchange, Ankex

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Michael Moro, the former CEO of Genesis Trading, is set to lead Ankex, a newly established cryptocurrency derivatives exchange. Ankex, which emerged from the incubation phase within Qredo, a crypto custody tech firm, will commence alpha testing this week. The platform aims to provide users with a decentralized custody solution while incorporating features familiar to professional traders, such as a central limit order book. Following the recent collapses of centralized crypto-trading platforms like FTX, there has been a growing interest in decentralized finance (DeFi). However, Moro highlights that the trading…

Federal Reserve’s banking bailouts reach a new weekly high of $103B

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The American central bank’s emergency fund for embattled banks has seen its highest level of distressed asset redemptions since its inception three months ago. The emergency lending program — known as the Bank Term Funding Program (BTFP) — was introduced in March amid the United States banking crisis which saw the collapse of Silicon Valley Bank, among others. The fund essentially is aimed at backstopping banks and other depository firms. According to data from the Federal Reserve Bank of St. Louis, the Fed’s Bank Term Funding Program (BTFP) has reached a record…

Crypto ‘regulatory approach isn’t needed now’ — New Zealand central bank

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The New Zealand central bank is ramping up its monitoring of stablecoins and crypto-assets following public submissions, but has stopped short of calling for a “regulatory approach.” In a June 30 statement, Ian Woolford, the Reserve Bank of New Zealand’s (RBNZ) director of money and cash said that the RBNZ agrees that “a regulatory approach isn’t needed right now, but increased vigilance is.” Accompanying Woolford’s statement was a summary of 50 stakeholder submissions to an earlier RBNZ paper discussing crypto and decentralized finance. New forms of money such as crypto…

Lightspark CEO says US lags UK in digital asset development

Lightspark CEO David Marcus recently expressed concerns about the United States falling behind in digital asset development, further intensifying discussions on global cryptocurrency competitiveness. In a recent statement, David Marcus, CEO of Lightspark and former PayPal president, expressed his frustration over the United States’ perceived lag in digital asset development compared to the rest of the world. Marcus previously spearheaded the Diem stablecoin initiative under Meta, a project later abandoned. Marcus communicated his concerns through Twitter, responding to a tweet by Fred Ehrsam, co-founder of Paradigm and former co-founder of…

CBDCs aren’t about solving today’s problems — Australia’s CBDC lead

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Central Bank Digital Currencies (CBDCs) may not solve any problems faced today, but could be the answer to ones not even fathomed yet, says the executive spearheading Australia’s CBDC pilot. Speaking to Cointelegraph, Dilip Rao, a former Ripple executive who’s now spearheading Australia’s in-pilot CBDC research project, believes a central bank-issued currency could be built for use cases not yet considered: “It may not solve a problem today, but maybe it solves a problem the day after tomorrow.” Rao serves as the research program director at the Digital Finance Cooperative…

Tradecurve preferred over Lido DAO and Floki Inu after surging 80%

The cryptocurrency industry has experienced notable progress since its inception, resulting in the emergence of several projects with extensive utility and promise. Consequently, investors have shown significant interest in cryptocurrencies due to their growth potential. Among these projects, Tradecurve has garnered attention from experts who believe it can surpass the trading activity, trading volume, and utility of projects such as Lido DAO and Floki. >>Buy TCRV tokens now<< Lido DAO prices fall 80% from all-time high Lido DAO is a decentralized autonomous organization (DAO) that offers staking infrastructure for multiple…