Analyst says BTC’s value will continue rising based on people’s perception

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Marion Laboure, an analyst at Deutsche Bank Research and the author of Democratizing Finance, believes the value of Bitcoin (BTC) will continue going up depending on what people think it is worth. It is relevant to consider the value of diamonds …

New US bill to block Google and Apple from hosting apps that accept eCNY

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The U.S. is looking to bar Google and Apple from supporting applications that allow payments in China’s digital yuan (eCNY). Republican Senators Tom Cotton, Marco Rubio, and Mike Braun sponsored a bill that seeks to prohibit companies that operate app stores …

Dogecoin co-founder calls LUNA 2.0 believers ‘truly dumb’

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Dogecoin co-founder Billy Markus slammed Terra’s attempt to relaunch LUNA, calling those who buy into it “truly dumb.” The Terra ecosystem implosion has dominated headlines the past few weeks. Users lost billions, and lives were turned upside down as the UST …

Latam Cryptocurrency Exchange Bitso Announces Layoffs Amidst Expansion to Colombia

Bitso, one of the biggest cryptocurrency exchanges in Latam, has announced a series of layoffs due to the recent downturn in the cryptocurrency market. The exchange, which has a workforce of 800 workers, has decided to let go of more than 10% of its staff citing a change in the long-term strategy for the company, …

Elon Musk Says Spacex Will Soon Accept Dogecoin for Merchandise — Starlink Subscriptions Could Follow

Spacex and Tesla CEO Elon Musk says that dogecoin will soon be accepted at Spacex for merchandise, in the same way Tesla is accepting DOGE payments. Furthermore, Starlink subscriptions may also be paid with dogecoin “one day.” Spacex to Soon Accept Dogecoin for Merchandise Dogecoin got a little boost Friday when Tesla CEO Elon Musk …

Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’

Several U.S. lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The Chinese Communist Party will use its digital currency to control and spy on anyone who uses it. We can’t give China that chance,” said the …

The increasingly acute need for crypto-native insurance

The insurance industry has a long history of providing vital support for major leaps in innovation. It’s no coincidence that the modern insurance industry and the industrial revolution arose in parallel. Indeed, it has been convincingly argued that the invention of fire and property insurance — in response to the Great Fire of London — …

Four Key Things You Didn’t Know About the Metaverse

Web3 and blockchain bring many much-needed changes to the way people view the world and the possibilities of what a digital metaverse could be. NFF, or Non Fungible Films, is a new and exciting way that multimedia entertainment is being pioneered into the world of the blockchain. This is an important effort to bridge the …

Bearish Indicator: Is Bitcoin Headed For Its Ninth Red Weekly Close?

This week, Bitcoin had made history when it recorded its eighth consecutive red weekly close. This first-of-its-kind streak had cemented the digital asset on one of the worst bearish trends that have ever been recorded. Now, even as the week runs towards another close, the cryptocurrency has not been able to make any considerable recovery, …

Ethereum Profitability Dumps To 2-Year Low As Price Corrects Below $2,000

Ethereum has been on a downtrend along with the rest of the crypto market. This has seen the value of the cryptocurrency plunged below $2,000 and efforts to recover above this major resistance level have been futile. Naturally, the decline in the value of the digital asset has affected its profitability. What has resulted from …

Cryptocurrency Mining Chip Producer Nvidia Reports Significant Profits After Decline

The American Chip developing company Nvidia attests to its dip in shares due to the CMP (Cryptocurrency Mining Process) sales decline. The company stated that its 52% decrease for its Q1 of “OAM and other” investments was because of the decrease in CMP sales. Nvidia stated this, as explained in a filing on Wednesday. In …

Blue Chip NFTs 101 – What’s The Secret Behind CloneX? Built For The Metaverse

The secret behind CloneX is Takashi Murakami and the RTFKT team, that’s the short answer. The NFT collection is the result of the once-secret collaboration between the legendary Japanese artist and the experts in creating virtual sneakers. Steven Vasilev, Chris Le, and Benoit Pagotto founded RTFKT, which reads “Artifact,” in 2020. The CloneX public sale …

Billionaire Tim Draper Doubles Down on $250,000 Bitcoin Prediction – Here’s His Timeline

Venture capital investor Tim Draper is reasserting his prediction that the price of Bitcoin (BTC) will break well into the six figures over the coming months. Draper says in a new interview that “by the end of this year or early next year,” Bitcoin will hit a price of $250,000. The venture capital investor who …

Terra (LUNA) Community Announces Surprise Airdrop of Terra 2.0

Terra (LUNA) is announcing the airdrop of Terra 2.0 after a community vote passed Proposal 1623, a bill calling for a new blockchain. Over the past few days, the Terra Twitter account has been updating followers on the progress of Terra 2.0, beginning with the initial announcement thread on May 25. “1/ Terra 2.0 is coming. With …

Brazilian university USP will conduct academic research in the metaverse

As reported by the University of Sao Paulo (USP), the metaverse-centric research will be carried out by research groups interested in 3D modeling, psychology and human behavior, and the effectiveness of virtual and augmented reality devices. These research domains will be evaluated within the context of the metaverse to understand how the new virtual world …

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