1inch network teams up with Travala to improve travel experiences

1inch network has announced a partnership with Travala, a leading cryptocurrency travel website. Through this partnership, Travala will include 1INCH token as one of the supported payment methods on its platform. 1inch network partners with Travala 1inch Network is a decentralized exchange aggregator platform. The platform is now looking to expand the utility for 1INCH …

Fidelity Bitcoin investors rise by 730% despite market turmoil

Fidelity Investments recently submitted filings with the US Securities and Exchange Commission (SEC). The filings show that the Bitcoin Index Find has attracted $126.5 million so far. The Wise Origin Bitcoin Index Fund was launched in August 2020. The fund allowed Fidelity investors to gain exposure to Bitcoin, the world’s largest cryptocurrency. Fidelity Bitcoin investors …

US Federal Reserve Vice Chair sees need for a digital dollar

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Lael Brainard, Vice-Chair of the Federal Reserve, believes a U.S. central bank digital currency (CBDC) could help maintain the financial system stability and prepare the country for the future. Her comments are part of a testimony released ahead of her appearance …

$1.5 Million worth of Moonbirds NFTs are stolen by hackers in a phishing attack

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! 29 Moonbirds worth roughly 750 Ethereum (ETH) ($1.5 million) were stolen from their owner, DigitalOrnithologist, during a phishing attack on Tuesday. The victim lost their NFTs after accessing a phishing link supplied by a fraudster, according to a tweet by @CirrusNFT …

STEPN removes GPS in China amid regulatory concerns – price drops 40%

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! STEPN, the revolutionary move-to-earn project, has announced they will be forced to stop providing GPS services to users within mainland China on July 15, 2022. The in-game token GST has plummeted 40% on the news “In order to actively respond to …

Ethereum breaks support, drops to yearly low versus Bitcoin

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Ethereum has broken a support level it has held since November 2021 on the ETH/BTC chart. Ethereum, the world’s second-largest cryptocurrency by market cap, has fallen against Bitcoin by more than 20% since its peak in December. Source: TradingView Fear of …

After Defaulting Sri Lanka Plans to Print $2.8 Billion Worth of Rupees, Inflation Rate Expected to Top 40%

The government in crisis-stricken Sri Lanka has said it will print more money and cut spending on infrastructure as part of an attempt to pacify the restive population. The government, however, concedes that printing more money will likely see the inflation rate rise to 40%. Printing More Money as the Solution After defaulting on its …

JPMorgan Foresees Increased Blockchain Use in Finance — Prepares to Offer Related Services

JPMorgan expects blockchain use in finance to increase as the crypto sector grows. The global investment bank says, “We want to make sure that we are able to not only support that but also be ready to provide related services.” JPMorgan’s Blockchain Plans JPMorgan Chase & Co foresees increased blockchain usage in traditional finance and …

SEC Drops the Ball on Crypto Regulation and There Are Long-Term Consequences, Says Commissioner

A commissioner with the U.S. Securities and Exchange Commission (SEC) has warned that the securities market regulator has dropped the ball on crypto regulation. “We’re not allowing innovation to develop and experimentation to happen in a healthy way, and there are long-term consequences of that failure,” said the commissioner. SEC Commissioner Warns About the ‘Failure’ …

Why the Crypto Industry in Indonesia Is Set to Leapfrog Competing Markets

With over 270 million people, Indonesia is the fourth-most populous country in the world and its economy is one of the largest markets in Asia. It also has a large unbanked population, a receptive regulatory environment and additional factors making it stand out for crypto adoption. In the latest episode of the News Podcast we …

Billionaire Bill Miller calls Bitcoin ‘insurance’ against financial catastrophe

Bill Miller the billionaire founder and Chief Investment Officer of investment firm Miller Value Partners, has said he considers Bitcoin (BTC) an “insurance policy against financial catastrophe.” Appearing on an episode of the “Richer, Wiser, Happier” podcast on May 24 Miller backed the cryptocurrency as a means for those caught in conflict to still access …

JPMorgan trials blockchain for collateral settlement in after-hours trading

Multinational investment bank JPMorgan Chase & Co is reportedly trialing the use of its own private blockchain for collateral settlements. According to Bloomberg JPMorgan conducted a pilot transaction last Friday which saw two of its entities transfer a tokenized representation of Black Rock Inc. money market fund shares A money market fund is a type …

Part 2: Quantitative Crypto Insight: Stablecoins and Unstable Yield

By George Liu and Matthew Turk Tl;dr: This blog analyzes centralized stablecoin lending yield for Compound Finance and shares our insights on performance, volatility, and factors that drive this yield on collateralized lending of stablecoins in DeFi. The analysis shows that this lending yield can outperform the risk-free yield in the TradFi market. In part …

Bitcoin Dominance Remains High As Market Sell-Offs Settle

Bitcoin dominance over the market has still not receded even as the price has fallen below $30,000. Just as BTC had taken a hit, so had the altcoins. This had given the pioneer cryptocurrency more leeway to eat back into the market dominance. Even though the market has been brutal to investors in the past …

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