Around the Block from Coinbase Ventures sheds light on key trends in crypto. Written by Connor Dempsey. Data by Mike Cohen. TLDR: Central Banks and governments responded to the March 2020 COVID market shock with unprecedented interest rate cuts, money printing, and stimulus These easy money policies kicked off a multi-year bull run for equities …
Monthly archives: June 2022
The future of the EU’s cryptoeconomy is entering a critical phase: Here’s what policymakers need to…
By Faryar Shirzad, Chief Policy Officer Tl;dr: As negotiations on the EU’s crypto rules enter a critical phase, we’re sharing four key pillars that should be taken into consideration. The potential for the EU is enormous and Coinbase is working to inform the process and drive towards positive policy outcomes. Leading the charge for a …
Bitcoin Open Interest Falls As Price Dips Below $31,000
The bitcoin open interest over the past several weeks has been interesting to witness. Surges and dips appeared and disappeared just as quickly, usually following the price of the digital asset itself. Last week was no different given the movement. The bitcoin denominated open interest had plunged after only hitting a new all-time high the …
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How VeChain Landed $100 Million UFC Marketing Deal
The VeChain Foundation and the Ultimate Fighting Championship (UFC) announced a multi-year marketing collaboration. The partners claim the deal is a “first of its kind” aimed at “breaking marketing ground” for the blockchain-based organization and the mixed martial arts organization. Related Reading | Why VeChain (VET) Could Be On The Verge Of A 40% Rally In …
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Bitcoin Bullish Signal: Exchange Reserves Hit New 4-Year Lows
On-chain data shows Bitcoin exchange reserves have now reached new 4-year lows, a sign that could prove to be bullish for the crypto’s price. Bitcoin Exchange Reserve Has Sunk Down Further Recently As pointed out by an analyst in a CryptoQuant post, the BTC exchange reserve has been going down, suggesting buying has been going …
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Why This Hacker Sent 1M Optimism Tokens To Vitalik Buterin
The inventor of Ethereum Vitalik Buterin was the unintended recipient of 1 million OP tokens from this network’s scalability solution Optimism. The team behind this project addressed concerns about a potential exploit related to the launch of their governance token. Related Reading | TA: Bitcoin Stuck In Key Range, Why A Major Breakout Is Possible As …
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Bitcoin Decline Sees Funding Rates Plunge To Three-Month Lows
Bitcoin funding rates have taken a nosedive after massive sell-offs at the beginning of the week. Bitcoin had made a remarkable recovery coming out of a slow weekend but these sell-offs would quickly wipe off all of the gains made, and with it, the funding rates came crashing down. It led to one of the …
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Supply chain thwacking: VeChain’s $100M sponsorship deal with UFC
Blockchain logistics firm the VeChain Foundation has signed a multi-year marketing partnership with the Ultimate Fighting Championship (UFC) worth nearly $100 million, becoming the UFC’s first-ever Layer 1 blockchain partner. The UFC is the largest promoter and event organizer for Mixed Martial Arts (MMA) and VeChain’s marketing assets and brand will be integrated across the …
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Altcoins Gearing Up To Potentially Double in Price As Bitcoin Relief Rally Ensues, Says Crypto Analyst
A popular crypto trader is eyeing possible price increases for a trio of crypto assets as the markets head into summer. Crypto strategist Michaël van de Poppe tells his 608,100 Twitter followers the recent Bitcoin (BTC) bounce back from a price dip could mean that both BTC and altcoins are primed to go on a …
New York Unveils Expansion of Stablecoin Regulations, Requires Cash Backing
The state of New York is revealing an expansion of its stablecoin regulations, now requiring the dollar-pegged crypto assets to be backed fully by cash. According to a new press release by the New York State Department of Financial Services (DFS), the state’s regulations are being updated to require stablecoin issuers to adopt clear redemption …
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‘The metaverse will empower human beings’, declares Qatar Airways
Qatar Airways announced Tuesday that it had launched its first metaverse experience, QVerse. This virtual reality platform allows interested parties can virtually visit and navigate the Premium Check-in area at the International Airport of Hamad (HIA). According to the company’s statements to Cointelegraph however, QVerse is merely the company’s first foray into the metaverse. The company …
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Ocean Protocol, Helium and Chainlink post monthly gains while Bitcoin price consolidates
Positive price movements during bear markets are noteworthy primarily because they can help identify projects that have a good chance of surviving until the next bull cycle . Generally, price action in June has been stagnant for a majority of the crypto market because traders are nervous about Bitcoin’s (BTC) oscillation around the $30,000 support …
Bored Ape Yacht Club loses spot as top NFT collection on OpenSea
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The Bored Ape Yacht Club (BAYC)collection has dominated the NFT market since its launch in April 2021, spawning several copycats and redefining the genre. Several prominent A-list celebrity owners, including the likes of Steph Curry, Neymar, and DJ Khaled, have helped …
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Terra’s Do Kwon says there “are lots of misinformation” as reports emerge that SEC is investigating UST
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! In a recently released statement, the Founder and Chief Executive Officer of Terraform Labs, Do Kwon, said that the level of misinformation in public surrounding the network is high. 1/ While most of our efforts had been spent on Terra 2.0 …
Top 5 Korean exchanges delist Litecoin, label it ‘dark coin’ following MWEB upgrade
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The top five Korean exchanges all announced a simultaneous delisting of Litecoin (LTC) on June 8, according to local news outlet News 1. Korean exchanges Upbit and Bithumb issued warnings on Litecoin following its MWEB upgrade, as reported by CryptoSlate last month. …