Tl;dr: Apply for our summer 2022 Community Ambassador Program here. If you live and breathe crypto or you’re simply crypto-curious and want to gain more exposure to the industry, this is the perfect opportunity. Program rolls out June through August 2022. Application deadline is May 23rd. by Mengfan Zhang, Ecosystem Manager at Coinbase Coinbase is …
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The market continues to be in disarray as the price of bitcoin has now fallen to the low $30,000s. This had been preceded by declining faith in the market thus translating to fewer inflows/more outflows in the last couple of weeks. However, with the price now at the lowest, it has been this year, institutional …
Continue reading “Market Downtrend Trigger Bitcoin Inflows From Institutional Investors”
Bitcoin is in free fall, just as Mercury goes retrograde for the second time in 2022. The astrological event is blamed for all kinds of miscommunications and technology-related issues. It also appears to have a correlation with major mood shifts and pivot points in Bitcoin price. With today starting another phase of Mercury in retrograde, …
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On-chain data suggests Bitcoin long-term holders have started to capitulate recently as the sharp price drop causes panic in the market. Bitcoin CDD Inflow Indicator Jumps Up, Showing Long-Term Holders Have Been Selling As pointed out by a CryptoQuant post, the recent price drop has pushed long-term holders towards selling their BTC. “Coin days” are …
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On the 6th of May, Polkadot’s most recent auction round came to an end, generating over $13.8 million and bringing a new platform to the system. The winner of this auction, Polkadex, put up 973,324 DOTs across over 6000 community member donations, demonstrating the incredible community push that was behind this win. Polkadot is an …
Continue reading “Polkadot’s 16th Parachain Slot Secured in Crowdloan Round”
The crypto market has been subject to large liquidation following the price crash. Coming out of the weekend, the market had recorded one of its worst crashes which saw bitcoin fall below the $30,000 territory for the first time this year. With this had come hundreds of millions in short liquidations. However, the bloodbath seems …
Continue reading “Crypto Liquidations Reach $1 Billion As Sentiment Falls To 10-Month Lows”
The Flow ecosystem is set to get a boost in support from a new $725 million fund that will be used to invest in the growth of the nonfungible token network. Flow (FLOW) is a layer-1 blockchain developed by Dapper Labs and purpose-made for NFTs. Dapper Labs also created the popular NBA Top Shot NFT …
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Cryptocurrency exchange Coinbase has disclosed its first net loss as a public company of $430 million in Q1, but CEO Brian Armstrong said on an earnings call that he’s “never been more bullish on where we are as a company.” In its first quarter 2022 report Coinbase disclosed that revenue had dropped 27% to $1.17 …
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A popular crypto analyst is highlighting the reasons why he believes Solana (SOL) is still the top Ethereum (ETH) challenger. The anonymous host of InvestAnswers tells his 436,000 YouTube subscribers that his “Day One Thesis” was that SOL was his Ethereum hedge as he considers Solana the only potential “ETH killer.” He notes that SOL …
The U.S. Federal Reserve is voicing concerns about the viability of cryptocurrency stablecoins and is suggesting the utility of government-backed alternatives. In a wide-ranging report discussing financial stability across numerous economic sectors, the Fed identifies risks associated with so-called stablecoins, which advertise themselves as being pegged to the value of the US dollar. While citing …
Continue reading “Federal Reserve Says Private Stablecoins Vulnerable to Runs in New Report”
A leading crypto asset manager says institutional investors bought Bitcoin’s (BTC) low last week, giving digital investment products their first week of inflows since early April. In the latest edition of their weekly Digital Asset Fund Flows Weekly Report, CoinShares finds institutions invested $45 million in BTC products despite the market crash. “Bitcoin saw inflows totaling …
A widely-followed crypto analyst says right now is not the time to be calling for a bear market, despite worrisome price action. DataDash host Nicholas Merten tells his 516,000 YouTube subscribers that the Ethereum to Bitcoin ratio (ETH/BTC) shows that a risk-on sentiment is still proliferating in the crypto markets. “Taking a look here at …
A group of eight organizations focused on the environment have called on different government agencies under the Biden administration to implement new approaches in response to Proof-of-Work and other crypto mining operations. In a letter to the United States Office of Science and Technology Policy on Monday, the Environmental Working Group, Earthjustice, Greenpeace, the League …
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The BBC published an article titled, ‘Bitcoin value drops by 50% since November peak,’ on May 10. It gave a balanced account of the current state of affairs. The key takeaway was a strong positive correlation with stocks, which also sank. However, analysis of the comments section showed most readers have a strong aversion to …
Continue reading “Cynics dominate comments section of BBC Bitcoin crash report”
The founder of Ava Labs, Emin Gün Sirer, has offered his opinions on the crash of Terra’s algorithmic stablecoin, UST. According to Gün Sirer, there is a need for decentralized algorithmic stablecoins in the ecosystem due to the censorship vulnerability of fiat-backed stablecoins. Even fully-collateralized fiat stablecoins have depegged. Even some of the weak algo stablecoins …
