Our selection of the 3 best cryptocurrencies to buy for DeFi price gains will help you capitalize on this investment growth story, even amidst the crypto breakdown. The crypto market is engulfed by bearish sentiment, which means anyone looking to invest in cryptocurrencies should be cautious. However, you can win in the market slump by …
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The Tesla CEO was the subject of criticism for his devil-may-care approach to moving cryptocurrency markets. Tesla CEO Elon Musk has been criticized for wielding what many perceive to be irresponsible influence over the cryptocurrency market. Musk regularly took to Twitter to post memes and hot takes on various cryptocurrencies throughout most of 2021, not …
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Bitcoin is now officially legal tender in a sovereign state for the first time, but can it exit its bearish price phase? Bitcoin (BTC) headed towards $35,000 on June 9, boosted by historic news that El Salvador had made it legal tender. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader “not sure” if Bitcoin has …
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CFTC Commissioner Dan M. Berkovitz has called for a crackdown on unregulated DeFi derivatives platforms. Commissioner Dan M. Berkovitz of the Commodity Futures Trading Commission (CFTC) believes DeFi derivatives platforms may contravene the Commodity Exchange Act (CEA). Speaking as part of a June 8 keynote address dubbed “Climate Change and Decentralized Finance: New Challenges for …
Continue reading “After googling it, CFTC boss says DeFi is a ‘bad idea’ and probably illegal”
Hovers at Lower Range-zone – June 9The lower range-zone of $2,500 is still relevant in the ETH/USD trade valuation as the crypto’s worth continually hovering around it. Price is now trading around the $2,518 level at an about 0.34 percent increase. Hovers at Lower Range-zone: ETH MarketKey Levels:Resistance levels: $3,000, $3,500, $4,000Support levels: $2,300, $2,000, …
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President Nayib Bukele’s Bitcoin Law will reportedly be passed in the Salvadorian congress tonight. Nayib Bukele, the president of El Salvador says there’s almost “a 100% chance” his bill to make Bitcoin legal tender will pass tonight. In a Twitter Spaces conversation happening now he said the bill was currently in debate and as his …
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KSM token prices surge as Parachain auctions launch nears. U.S. cryptocurrency exchange Kraken has announced a “first-of-its-kind” Parachain Auction Platform enabling clients to participate directly from the exchange. In a blog post on June 8, Kraken revealed the new platform will enable users that qualify to pledge support for Kusama projects vying for a Parachain …
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Vitalik Buterin has recounted how turned $25,000 into $4.3 million in three years by investing in DOGE. In his recent appearance on the Lex Fridman podcast, Ethereum co-creator, Vitalik Buterin, revealed he profited more than $4 million from a $25,000 investment that he made into Dogecoin during 2016. But true to form, he gave it …
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Coinbase CSO says ‘good ol’ fashioned police work’ landed the FBI the private keys. Coinbase’s Chief Security Officer has refuted suggestions the U.S. crypto exchange was involved in any seizure of crypto assets related to recent Colonial Pipeline ransomware attack. CSO Philip Martin took to Twitter on June 8 to explain the firm’s involvement, or …
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Six East African states are reportedly set to explore the possibility of using central bank digital currencies (CBDC) as an alternative to their shared payment system. The six countries, which are all members of the East Africa Community (EAC) trading bloc, are hoping this alternative will create a pathway that leads to the attainment of …
Tesla CEO Elon Musk said he “pretty much” agrees with Ethereum co-founder Vitalik Buterin about a collaboration between Dogecoin and Ethereum. Buterin said: “if we can have a secure Doge-to-Ethereum bridge. That would be amazing.” Vitalik Buterin Talks About Dogecoin and Ethereum Bridge, Elon Musk Agrees Ethereum co-founder Vitalik Buterin talked about a potential collaboration …
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The Nasdaq-listed cryptocurrency exchange Coinbase has revealed record growth in its institutional business. “This year, interest from pension funds and hedge funds has skyrocketed, supported by the roll-out of crypto-ETPs as well as an increased understanding of the crypto economy,” said Coinbase. Coinbase Sees Interest From Institutional Investors Skyrocketing Cryptocurrency exchange Coinbase (Nasdaq: COIN) reportedly …
On June 7, the United States Justice Department and the Federal Bureau of Investigation (FBI) announced the “recovery” of 63.70 bitcoin from the funds Colonial Pipeline sent to the hackers. The official story has a number of inconsistencies and federal investigators did not disclose how the FBI was able to confiscate the Darkside gang’s private …
Dfinity founder Dominic Williams has criticized Ethereum’s emerging ecosystem of layer-two solutions for exposing users to counterparty security risks. Dominic Williams, the founder of Dfinity and its Internet Computer, has slammed the scaling solutions put forward by Polkadot and Ethereum for offering a disjointed user experience. The self-described “blockchain maximalist” criticized Ethereum’s burgeoning ecosystem of …
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Goldman Sachs has backed a Series A $28 million funding round for Blockdaemon, and invested $5 million in the blockchain infrastructure firm. Goldman Sachs has backed a $28 million Series A funding round for blockchain infrastructure firm Blockdaemon. The funding was led by Greenspring Associates and included participation from crypto lending firm BlockFi, and crypto-asset …
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