Summary: Waves Protocol founder, Sasha Ivanov, is of the opinion that the crypto industry would be better off without VC investment. He also pointed out that the Waves Protocol has zero VC investment. The stablecoin of Neutrino (USDN) is on a path towards reclaiming its peg to the $1 mark. The founder of the Waves …
Monthly archives: June 2022
Tether Team Claims the Financial Times Has an Obsession With USDT and its Execs.
Summary: The team at Tether claims the Financial Times has a fixation with USDT and the company’s execs. Additionally, the Tether team believes the Financial Times has been rehashing the same selective old news to target USDT and its leadership at the company. Tether has proven itself time and again that it is resilient and …
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Prominent crypto execs expect thousands of coins to perish
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Prominent executives from some of the largest crypto companies talked to CNBC about the current market situation, and all agreed that thousands of projects would collapse following LUNA. There are dozens of different blockchain platforms and more than 19,000 crypto currencies …
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Japan passes a stablecoin bill focusing on investor protection following UST debacle
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Japan has become one of the first major economies to spearhead stablecoin regulation after its parliament passed a bill to rein in the sector, Bloomberg News reported. The parliament has clarified the legal status of stablecoins. Specifically, the new law defines …
New York Attorney General issues new warning to cryptocurrency investors
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Attorney General Letitia James issued an “alert” on June 2 warning New Yorkers about the dangers of investing in cryptocurrencies. The message comes as crypto markets continue reeling from the repercussions of the Terra implosion. In May, the total crypto market …
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El Salvador Treasury Minister States Ukraine-Russia Conflict Disrupted Bitcoin Prices, Volcano Bonds Still on Hold
Alejandro Zelaya, Treasury minister of El Salvador, explained that the conflict happening currently between Ukraine and Russia has influenced the price of bitcoin on international markets, disrupting it. Due to this disruption, Zelaya also stated that it was not feasible to issue the volcano bonds yet, which are to finance the construction of the Bitcoin …
Biggest Movers: WAVES up Over 120% in the Last Week, XLM Moves Towards 3-Week High
WAVES was once again higher on Friday, with prices now gaining by over 120% in the last seven days. While WAVES soared, XLM also had a stellar showing, as it moved closer to a three-week high on Friday. WAVES While crypto markets have been either falling or consolidating over the past week, WAVES has continued …
Binance Labs Launches $500 Million Web3, Blockchain Fund
Binance Labs, the venture capital arm of the leading crypto exchange, has announced the launch of a new fund that will focus its action on Web3 and blockchain technologies. The fund, which will launch with $500 million in capital, will invest in companies that take cryptocurrencies and extend their use cases using Web3 and other …
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Bitcoin, Ethereum Technical Analysis: BTC Gains Prior to NFP Report, Following a Cross of Moving Averages
Bitcoin was once again trading above $30,000, as markets were anticipating the release of May’s non-farm payrolls report. Whilst BTC was back in the green, ETH continued to trade lower, and as of writing is below $1,800. Bitcoin Following a drop in price on Thursday, BTC was back in the green on Friday, as traders …
5 Best Metaverse Altcoins to Buy for High Returns May 2022
Tied closely to the fast-rising non-fungible token (NFT) ecosystem, the Metaverse sub-industry is the new darling of the crypto space. As the sub-sector hits mainstream consciousness, several investors are piling up on the best metaverse altcoins to buy for high returns. If you are keen on adding high-yield digital assets to your portfolio, this article …
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Has Bitcoin Bottomed Out? Ex-BitMEX CEO Arthur Hayes Says Terra (LUNA) Fiasco Offers a Clue
Former BitMEX CEO Arthur Hayes says the collapse of Terra (LUNA) is giving a hint on the bottom price of Bitcoin (BTC). In a new commentary on Bitmex’s Crypto Trader Digest, Hayes says the decoupling of Bitcoin and Ethereum (ETH) from the equity market, historical prices and negative sentiment towards digital assets all point to …
US Banking Regulator Issues Crypto Warning, Says Terra (LUNA) Collapse Exposed Three Industry ‘Fragilities’
The head of the Office of the Comptroller of the Currency (OCC) is reiterating the risks of investing in crypto assets following the Terra (LUNA) collapse. In a new interview on Yahoo Finance Live, OCC Acting Comptroller of the Currency Michael Hsu says Terra’s crash unveiled the fragilities of the crypto space. “I think the …
Terra 2.0: A crypto project built on the ruins of $40 billion in investors’ money
Terra remained the focus of the majority of headlines throughout May for its spiral collapse leading to a loss of over $40 billion in investors’ money. Despite some early resistance from the community and heavy backlash from the likes of Binance CEO Changpeng “CZ” Zhao, Terra co-founder Do Kwon managed to relaunch the collapsed network …
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New York AG warns against crypto investments amid state push to ban mining
As New York pursues efforts to ban proof-of-work (PoW) crypto mining, the attorney general reminded investors of the risks associated with investing in crypto. In an investor alert published Thursday, New York Attorney General Letitia James said that investors are “losing billions” in crypto. James highlighted that even digital assets that are well-known and traded …
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ApeCoin Community Initiates Proposal to Have APE Remain on Ethereum, with 99% of Votes For the Idea
Summary: The ApeCoin Community has initiated a proposal to keep APE within the Ethereum ecosystem. 99.95% of the votes are so far for the proposal that ends on June 9th. The proposal under AIP-41 points out that migrating to a different chain is a costly, risky, and complex endeavor that may result in catastrophic loss …