Hong Kong’s securities regulator has warned investors to be wary of risks that are associated with non-fungible tokens (NFTs). The regulator also advised investors to consider investing in NFTs only if they fully understand the risks. NFTs ‘Straddle the Line Between Collectibles and Financial Assets’ A Hong Kong regulator has said NFTs face risks that …
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press release PRESS RELEASE. Binance Pay, Alchemy Pay, ePayments, and QponBay are collaborating to facilitate offline crypto payment methods at ‘Artaverse’, an NFT and metaverse event to be held in Hong Kong from June 3rd to 12th. Participants of Artaverse will be able to use cryptocurrencies to buy NFTs directly on site. The cryptocurrencies supported …
The U.S. Securities and Exchange Commission (SEC) is erring in their XRP lawsuit against Ripple, according to crypto legal expert Jeremy Hogan. Recent squabbles in the lawsuit have centered around documents relating to former SEC Director William Hinman, who made a speech in 2018 in which he stated Ethereum (ETH) was not a security. Federal Judge Sarah …
Attackers have exploited a bug in the Osmosis exchange to the tune of $5M as FireStake validators admit to their role in racking up roughly $2M before stepping forward. Osmosis, a decentralized exchange (DEX) built on the Cosmos network, was halted just before 3:00 am EST on Wednesday after attackers exploited a liquidity provider (LP) …
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The next big crypto crash could be around the corner due to Lido Staked Ether (stETH), a liquid token from the Lido protocol that is supposed to be 100% pegged by Ethereum’s native token, Ether (ETH). Notably, the stETH peg could drop against ETH by 50% in the coming weeks, raising the risk of a …
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Mr. B alleges that the platform was designed only to offer an interest rate of 3.6%, but that changed at the last minute. Anchor protocol was originally designed to offer an interest rate of 3.6%, but this was dialed up to 20% just a week before release to attract more investors, a core developer alleged …
Continue reading “Anchor dev claims he warned Do Kwon over unsustainable 20% interest rate”
Bitcoin Bulls Buy the Dips as It Remains Range-bound Above $30K – June 9, 2022 Since May 12, BTC/USD has continued to fluctuate between $28,600 and $32,407 as it remains range-bound above $30K. On May 30, Bitcoin bulls broke above the 21-day line SMA but failed to break above the 50-day line SMA. The implication …
The XTZ token recently saw a 10% uprise. Adding that with the rising news around Tezos, analysts hint that the token might be indicating a bullish trend. The crypto market has been showing a bearish trend for a few months now, and Tezos too has been following the same pattern. However, the market is showing …
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U.S. Sens. Cynthia Lummis and Kirsten Gillibrand proposed a crypto bill on Tuesday, and the news has taken the world of crypto by storm. As the latest topic for debate, the bill essentially plans to regulate digital assets in the US, through the classification of assets and tax elimination on transactions below $200. This news …
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HodlX Guest Post Submit Your Post Two significant events define the growth of crypto and the broader blockchain-powered industries. The first is the emergence of decentralized finance (DeFi), underpinned by blockchain-based digital assets. DeFi quickly became an alternate financial system that facilitates global accessibility and superior financial infrastructure. And today, this new financial system has …
Neal Stephenson, the author who coined the term “Metaverse” 30 years ago is launching a Metaverse-focused blockchain project called LAMINA1. He has also revised his vision for the Metaverse stating the experience is likely to be geared more toward flat 2D screens and rather than virtual reality or augmented reality tech such as headsets and …
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Three quarters of United States retailers plan to accept crypto or stablecoin payments within the next two years according to a new survey. It also found that more than half of large retailers with revenues over $500 million are currently spending $1 million or more building the required infrastructure to make it happen. The information …
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Veteran futures trader Peter Brandt has suggested that the price of Ether (ETH) could drop to as low as $1,268 in the coming month, but the consensus view of 15,500 members of the CoinMarketCap community is that the price will have hit roughly $3,131 by June 30. The Ethereum network is now in the final …
Continue reading “Brandt’s bearish ETH call — But community predicts $3K before Merge”
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The Optimism Foundation has issued a statement confirming that 20M OP tokens meant for a liquidity provisioning partner have been sent to the wrong address. The price of the OP token dropped from $1.12 on June 8 to just $0.70 after …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Bloomberg reported that American cloud-based software company Salesforce is piloting a new non-fungible token (NFT) cloud service for minting, managing, and selling NFTs. The service is titled NFT Cloud and seeks to streamline the NFT experience for consumer brands. Specifically, the …
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