American food manufacturing and processing giant Kraft Foods Group has filed NFT and Metaverse patents for several of its popular brands. The firm joins a host of mainstream companies such as Gatorade, Nike, Adidas, and Coca-Cola that have moved to secure their products and branding in the crypto/virtual sphere. According to a June 13 Tweet …
Monthly archives: June 2022
Celsius exodus: $320M in crypto sent to FTX, user withdrawals paused
Crypto staking and lending platform Celsius may be dealing with its rumored liquidity crisis by unstaking $247 million worth of Wrapped Bitcoin from Aave and sending it to FTX exchange. Speculations among the crypto community are now flaring as the project has been moving massive amounts of WBTC, ETH, and other crypto assets in addition …
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Pennsylvania pharmacist feeds thousands of homeless using crypto
Pennsylvania-based pharmacist Kenneth Kim had always “wanted to do something with crypto” that could “make the world a better place”. In 2019, he founded what is known today as Crypto for the Homeless (CFTHL), a New Jersey registered non–profit organization, which has fed more than 5,000 homeless people around the world through the use of …
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Validator Wars: New LUNA validators accused of unethical behavior
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! LUNA validators PFC, Lavender.Five and Red Herring have called out new validators to raise the commission levels from 0% to 20% without informing their delegators. According to Larry, a developer from Delphi Digital, LUNA validators can earn up to $192k annually …
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Billionaire Stan Druckenmiller Prefers Bitcoin Over Gold in ‘Inflationary Bull Market’
Renowned billionaire hedge fund manager Stanley Druckenmiller says that in an inflationary bull market, he wants to own bitcoin more than gold “for sure.” However, he explained that in a bear market, he would prefer to have gold. Stanley Druckenmiller on Crypto, Bitcoin, and Blockchain Stan Druckenmiller shared his view on bitcoin and cryptocurrency investing …
Economist Peter Schiff Explains Why He Expects Bitcoin to Crash as Recession Deepens — Warns ‘Don’t Buy This Dip’
Economist and gold bug Peter Schiff has made some dire predictions about cryptocurrency, particularly bitcoin and ether. He explained that “The need to sell bitcoin to pay the bills will only get worse as the recession deepens,” adding that bitcoin is poised to crash to $20K while ether will sink to $1K. Peter Schiff Shares …
Devere Group Predicts a Bull Run and ‘Significant Bounce’ for Bitcoin in Q4
The CEO of Devere Group, a financial advisory and asset management firm, has predicted a bull run and a significant bounce in the price of bitcoin during the fourth quarter of this year. Devere’s CEO Predicts a Bull Run in Q4 for Bitcoin Financial advisory and asset management firm Devere Group has predicted that the …
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Bitcoin Falls Below $26k amidst rising Inflation Tensions
Bitcoin falls below $26k amidst rising inflation tensions. Is it the end, or we are yet to see the low point? Bitcoin has seen new lows since the beginning of June alone. Fears of those were realized pretty soon who dreaded that the world’s leading crypto would fall below $30k. And it did. It is …
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Bitcoin Price Prediction for Today June 12: BTC Price Drops to $26K as Bears Maintain Selling Pressure
Sellers Attempt To Sink Bitcoin as Bears Maintain Selling Pressure – June 12, 2022 On June 11, the bears broke the crucial support of $28,600 as bears maintain selling pressure. The cryptocurrency is now hovering above the $27,200 support. The selling pressure will resume once the current support is breached. BTC/USD is trading at $26,029 …
Brian Armstrong Says Crypto Can Beat Inflation, What Does The Chart Suggest?
The boss of one of America’s leading centralized crypto exchanges, Coinbase, explained that Bitcoin could become the new global gold standard. He believes that the digital asset can revamp America’s fighting chances against the oncoming challenge from China. Brian Armstrong, the CEO, and Founder of the Coinbase crypto exchange, spoke about the broader crypto market …
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Bitcoin Takes A Beating At $27K As Crypto Economy Settles Just Above $1 Trillion
The global cryptocurrency market was on track for another decline on Saturday, as Bitcoin and other top cryptocurrencies took a significant blow throughout the day. The $1.19 trillion crypto industry is currently worth less than it did in July of last year. In the past week, the majority of prominent cryptocurrencies, including Bitcoin, Cardano, Ethereum, …
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Dogecoin Mining Revenue Massively Fell In Past 12 Months
Dogecoin continues to plunge as it failed to retain support at the $0.08 level. The bad news is that the Dogecoin price can still fall further down as the bears appear to have bypassed the triangular structure that has latched ferociously around it the previous month. With the structure breached, the bears could pump in …
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Crypto Bank Custodia Sues Federal Reserve for Delaying Approval of Master Account Application
Crypto bank Custodia is filing a lawsuit against the U.S. Federal Reserve for allegedly delaying the approval of its master account application. According to recent court documents, Custodia is suing the Fed for supposedly refusing to act upon the bank’s master application, which would give it direct access to the Federal Reserve, for over a …
DeFi pulls the curtain on financial magic, says EU Blockchain Observatory expert
As decentralized finance continues its victorious march — although the road is sometimes bumpy — some significant questions on its nature remain. How can DeFi applications be protected from becoming nonoperational under extreme stress? Is it really decentralized if some individuals have way more governance tokens than others? Does the anonymous culture compromise its transparency? …
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Aiamond Aligns Blockchain and AI Technology to Transform the Cryptosphere
Aiamond is a German start-up that aims to decentralize the advantages of crypto trading bots and in-depth project knowledge. Based on the ethos that trading bots should not only be available to the big players and whales, but also to smaller investors, Aiamond is a German start-up that aims to decentralize the advantages of highly …
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