On Tuesday, Borsa Italiana — Italy’s stock exchange — listed a “Bitcoin-thematic” exchange-traded fund (ETF) by Melanion Capital, bringing Bitcoin (BTC) exposure to Italian institutions and retirement plans. Cyril Sabbagh, managing director of Melanion Capital, told Cointelegraph that “The Melanion BTC Equities Universe UCITS ETF is an equity ETF around stocks in the crypto ecosystem.” …
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The “long waves” of TerraUSD’s May 7 collapse, which we noted two newsletters ago, are extending even further. Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region. A Chinese state-owned media outlet, the Economic Daily has signaled that the Chinese government may introduce even tighter regulations on cryptocurrencies and …
Continue reading “Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea”
A rumored U.S. crypto regulation bill is spreading on social media. The bill covers many aspects of the crypto market, but targets DeFi heavily. The bill has not yet been verified as being real, and even if it were, it is subject to change. Rumors are spreading on social media about a possible crypto regulation …
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The SEC has opened an investigation into Binance to determine whether its BNB token was a security offering when sold in 2017, Bloomberg News reported. Specifically, the watchdog is examining if BNB’s Initial Coin Offering (ICO) met the definition of a …
Continue reading “SEC legal action over BNB token prompts fears over which altcoin is next”
To explore the increased digitalization of the global payment system, Crypto dot com commissioned an extensive report that explores to which extent digital payments are trusted by consumers and institutions. Economist Impact surveyed 3,000 people and 150 institutional investors and corporate treasury managers to find out what barriers may exist to currencies becoming predominantly digital. …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Senators Cynthia Lummis and Kirsten Gillibrand are ready to present a draft bill on crypto regulations to the U.S. senate. According to a report from Politico, this is a first-of-its-kind bill aimed at totally incorporating digital assets into the U.S. financial …
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The South Korean science and ICT ministry has said it will recruit companies that will participate in its 2022 Metaverse Content Creation Project. A director in the ministry said the project is being promoted as part of the country’s industry-leading metaverse strategy. Building Trust in the Metaverse Content Creation Ecosystem South Korea’s Ministry of Science …
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Bitso, the Mexico-based cryptocurrency exchange, has announced a new partnership with Addem Capital, a debt fund that provides startups and other companies with financing options. The cryptocurrency exchange will process payments for the fund and provide conversion functions, allowing it to accept cryptocurrency as part of its payment options. Bitso Partners Addem Capital to Allow …
Senators Cynthia Lummis and Kirsten Gillibrand have been hyping one of the most widely awaited cryptocurrency legislation for months, and it may finally see the light of day. Lummis and Gillibrand hope that by enacting this legislation, they will permanently erect barriers around the digital assets market. The Lummis Bill is by far the most …
Continue reading “XRP might Skyrocket if Landmark Lummis Bill Passes”
To say that LUNA 2.0 reception was less than optimal would not be wrong. While many were bullish about burning the old LUNA and unwilling to give Do Kwon a chance to salvage the project, some have continued to hold out hope about the LUNA 2.0 price prediction for June 7. The latter was bullish …
Continue reading “LUNA 2.0 Price Prediction for June 7: Will the new LUNA go Up in 2022?”
A crypto strategist who accurately called Bitcoin’s May 2021 meltdown is now predicting a potential rally that could send BTC toward its long-term diagonal resistance. Pseudonymous analyst Dave the Wave tells his 112,100 Twitter followers Bitcoin is trading within an ascending channel and potentially gearing up for a short-term rally to his target. “Bitcoin shorter …
Minutes before 12 a.m. UTC on June 6, the CEO and co-founder of the Elrond Network, Beniamin Mincu, tweeted that he and his team were “investigating a set of suspicious activities” on the Maiar decentralized crypto exchange (DEX). Soon after the exchange was taken offline with Mincu reporting the issue was identified and an “emergency fix” was …
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Bitcoin (BTC) firmly recommitted to its trading range on June 7 after a fresh move higher was met with a swift sell-off. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Some of the best chop we’ve seen” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rejecting decisively at resistance it last encountered on June 1. …
Continue reading “Bitcoin ‘Bart Simpson’ returns as BTC price dives 7% in hours”
Japan’s Justice Ministry is reportedly considering a revision of an asset seizure law relating to organized crime to include a stipulation that crypto can be commandeered in such instances. If the reports are found to be true, a potential revision of the Act on Punishment of Organized Crimes and Control of Proceeds of Crime (1999) …
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The current AIP-41 voting poll suggests that the majority of Apecoin holders do not want the token to migrate to another chain. At press time, the AIP-41 proposal has attracted nearly 66% that are in favor of Apecoin sticking with the Ethereum blockchain. It seems that the majority of ApeCoin DAO members are not in …
