In a groundbreaking move, the U.S. Department of Justice (DOJ) is charging a former executive of the world’s leading non-fungible token (NFT) marketplace with insider trading. According to a new press release, the DOJ is charging Nathaniel Chastain, the former product manager of OpenSea, with wire fraud and money laundering after he allegedly used insider …
Monthly archives: June 2022
Ethereum’s Merge FOMO isn’t priced in, making a spike to $2.6K a possibility
In a May 30 tweet, Ethereum (ETH) core developer Tim Beiko confirmed that the much-anticipated switch from proof-of-work to proof-of-stake can be expected “around June 8 or so.” Interestingly, Ether’s price action is relatively unchanged despite the unexpected bullish announcement. There was a +10% spike on May 30, but those gains were given back between …
Continue reading “Ethereum’s Merge FOMO isn’t priced in, making a spike to $2.6K a possibility”
This classic Bitcoin metric is flashing buy for first time since March 2020
Bitcoin (BTC) bulls may only need a pair of simple moving averages (SMAs) to determine if the bottom is in this halving cycle. In a Twitter thread on June 2, Checkmate, lead on-chain analyst at crypto analytics firm Glassnode, flagged the Investor Tool metric hitting “buy the dip” territory. “Generational zone” enters for Bitcoin’s Investor …
Continue reading “This classic Bitcoin metric is flashing buy for first time since March 2020”
After record growth, VC crypto investments decline 38% in May
This short-term decline in investments can be correlated to the recent market correction, which made Bitcoin (BTC) and other major cryptocurrencies lose 50% or more of their value. According to new data released by Dove Metrics, total venture capital investment in crypto declined 38.2% over the past month, from $6.8 billion in April to $4.7 …
Continue reading “After record growth, VC crypto investments decline 38% in May”
3 key indicators traders use to determine when altcoin season begins
It’s widely accepted that the fate of the cryptocurrency market depends largely on the performance of Bitcoin (BTC), which makes times like these for crypto traders who prefer to invest in altcoins. When BTC price is down, altcoins tend to follow, but as a bottoming process begins, altcoins tend to perk up during Bitcoin’s consolidation …
Continue reading “3 key indicators traders use to determine when altcoin season begins”
Bitmex’s Hayes Forecasts that Bitcoin Could Bottom at $25k to $27k and Ethereum at $1.7k to $1.8k
Summary: Arthur Hayes has released a new forecast of a possible bottom for Bitcoin at between $25k to $27k and Ethereum at between $1,700 to $1,800. Mr. Hayes also questions whether the crypto markets have already factored in multiple interest rate hikes by the US Fed. He adds that the correlations between Bitcoin, Ethereum, and …
DogeCoin Co-Founder States all Tokens on Binance Smart Chain Are Garbage
Summary: DogeCoin co-founder, Billy Markus, has refuted the existence of a ‘BSCgem.’ The DogeCoin co-founder also added that every token on the Binance Smart Chain is garbage. DogeCoin co-founder, Billy Markus, has stated that there is no such thing as a ‘BSCGem’ on the Binance Smart Chain. According to his analysis, every token on the …
Continue reading “DogeCoin Co-Founder States all Tokens on Binance Smart Chain Are Garbage”
LUNA 2.0 Launched on Crypto.com – How High Can the Price Go?
Recently, the crypto exchange with integrated NFT Marketplace, Crypto.com has launched the LUNA2/USDC pair in its list of cryptocurrencies allowed for trading. On 28th May 2022, the LUNA2/USDC trading pair, designed by Terraform Labs’ CEO and co-founder Do Kwon, was launched as an attempt to revive the Terra ecosystem. The CEO plans to transform the …
Continue reading “LUNA 2.0 Launched on Crypto.com – How High Can the Price Go?”
These are the least ‘stable’ stablecoins not named TerraUSD
The recent collapse of the once third-largest stablecoin, TerraUSD (UST), has raised questions about other fiat-pegged tokens and their ability to maintain their pegs. Stablecoins’ stability in question Stablecoin firms claim that each of their issued tokens is backed by real-world and/or crypto assets, so they behave as a vital component in the crypto market, …
Continue reading “These are the least ‘stable’ stablecoins not named TerraUSD”
Major crypto firms reportedly cut up to 10% of staff amid bear market
Gemini, a cryptocurrency trading platform founded by brothers Cameron and Tyler Winklevoss, is the latest industry firm to lay off a significant part of its staff due to unfavorable market conditions. Winklevoss’ crypto business Gemini Trust reportedly cut 10% of its employees amid the ongoing bear crypto market, the founders wrote in a notice to …
Continue reading “Major crypto firms reportedly cut up to 10% of staff amid bear market”
Binance Integrates Web3 into Showbiz by Partnering with The Weeknd for his ‘After Hours Till Down’ Tour
Summary: Binance has announced a one-of-kind partnership with The Weeknd: a famous singer, songwriter, and record producer. The partnership will focus on integrating Web3 into The Weeknd’s ‘After Hours Til Down’ tour. Binance will celebrate the tour’s launch with a $2 million donation to the XO Humanitarian Fund administered by the World Food Program. Binance …
Optimism community proposal seeks to ban OP dumpers from future airdrops
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Optimism community member 0xJohn has submitted a proposal to prevent anyone who sold the initial Optimism airdrop tokens from participating in future airdrops. The proposal comes barely a day after the Ethereum scaling solution airdropped its governance tokens to early adopters. …
Continue reading “Optimism community proposal seeks to ban OP dumpers from future airdrops”
Gemini reducing staff by 10% to survive ‘crypto winter’
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Gemini Trust, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is letting 10% of its staff go as it sees a significant drop in trading activity. This is the first time the exchange laid off its staff since it was …
Continue reading “Gemini reducing staff by 10% to survive ‘crypto winter’”
Goblintown boom leaves crypto community confused and divided
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A mysterious non-fungible token project, Goblintown WTF, is trading at record highs after its recent launch, leaving many to speculate on who is behind the ironic NFT project. The NFT collection launched on May 22 without much fanfare, but its floor …
Continue reading “Goblintown boom leaves crypto community confused and divided”
Solana co-founder says kissing frogs is the optimal approach to blockchain design
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! During a short video clip, Solana co-Founder Anatoly Yakovenko criticized Cardano, saying its approach to blockchain development leads to longer shipping times. Solana co-founders lady’s and gentleman. Describing why Cardano isn’t completely broken like Solana. His secret “you’ve got to swallow” …
Continue reading “Solana co-founder says kissing frogs is the optimal approach to blockchain design”