sponsored Leaving a lasting legacy is one of the most important things we can do in life. It’s not only a way to ensure that we’re remembered after we die, but it also gives our loved ones a sense of closure and allows them to move on with their lives. Unfortunately, it’s hard to leave …
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Top US-based crypto exchange platform Coinbase is revealing its listing procedures for new altcoins. According to a new blog post by Coinbase chief product officer Surojit Chatterjee, the crypto exchange’s listing process starts with asset issuers creating an account and submitting an application. Next, Coinbase’s Digital Asset Listing Group (DALG) evaluates the application using its …
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In response to criticism on Twitter, Kraken CEO Jesse Powell is defending his exchange’s decision to list the new Terra 2.0 (LUNA) crypto asset. Kraken listed the new LUNA on Saturday with the altcoin being airdropped to holders of the previous LUNA, now Luna Classic (LUNC), following its collapse in early May after the Terra …
A commissioner at the Commodity Futures Trading Commission (CTFC) is weighing in on the risks associated with buying cryptocurrencies after Terra (LUNA) and its algorithmic stablecoin TerraUSD (UST) collapsed last month. In an interview with CNBC, Caroline Pham tells host MacKenzie Sigalos that the LUNA and UST implosions were an important wake-up call for people …
The world’s largest crypto exchange by volume is launching a new $500 million investment fund in order to boost the adoption of crypto assets and blockchain technology. According to a company blog post, the fund aims to invest in projects that expand the use cases of digital assets as well as further the adoption and …
Get ready for a fundamental change in money and payments, John Williams, president and CEO of the Federal Reserve Bank of New York, told central bank officials, academics and financial industry leaders from around the world on Wednesday. Williams delivered the opening remarks at an invitation-only workshop on monetary policy implementation co-hosted by the New …
Stablecoin projects have been thrust into the limelight over the past month as the popularity of algorithmic stablecoins and the collapse of the Terra project put a spotlight on the important role dollar-pegged assets play in the crypto market. In response to the void left by UST, multiple protocols have released new stablecoin projects in …
On Wednesday, United States prosecutors in Manhattan charged Nathaniel Chastain, 31, with insider trading. Chastain is a former product manager at OpenSea, the largest nonfungible token (NFT) marketplace. This will be the first case of its kind regarding digital assets and traditional criminal investigations. Former employee of NFT marketplace charged in first ever digital asset …
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Despite May’s price correction, which took Bitcoin (BTC) as low as $23,800, institutional investors seem unwilling to lose confidence in the cryptocurrency. The Purpose Bitcoin ETF, launched in February 2021, has been seeing a consistent inflow over the last five trading days. The fund’s holdings have increased to 43,701.7 BTC as of Tuesday, according to …
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Quick take: A Harvard lecturer, a former Microsoft Engineer, and a principal engineer at Google Cloud have signed a letter delivered to US lawmakers urging a crack down on crypto and blockchain. A total of twenty-six leading computer scientists and academics signed the letter. The document urges the US lawmakers to resist the pressure from …
Quick take: The Tether team believes that USDT has proven to be resilient amidst the events surrounding UST’s collapse. USDT’s stability in the last month is evidence that it has successfully undergone a stress test. The resilience of USDT is further amplified by the fact that Tether is fully backed. Tether also recently faced $10 …
Summary: Tron’s Justin Sun wants the new USDD stablecoin ‘to be the new settlement currency of crypto.’ He has stated that Tron’s USDD stablecoin will be overcollateralized. Tron hosts the largest supply of stablecoins, including USDT issued on its chain. Justin Sun states that USDD will learn from UST’s collapse by allowing organic growth of …
Summary: The New York Department of Justice has announced that it will be charging a former OpenSea employee for alleged insider trading of NFTs. The former employee was arrested and will be presented in the United States District Court for the Southern District of New York. The charges cite that the Opensea employee used his …
Bitcoin Resumes Downtrend as It Falls to Previous Range above $30K – May 31, 2022 For the past 48 hours, BTC/USD upward moves have been hindered as the crypto plunges to previous range above $30K. BTC price has fallen to the range-bound zone. There is a likelihood of a further price decline. Besides, the BTC …
Billionaire investor Mark Cuban thinks bear markets could potentially have a positive impact on the crypto space. Cuban argues application is what matters for crypto, not hype, and that the relatively young blockchain space is encountering the same problems as the first-generation internet. “I’m old enough to remember when ‘sophisticated’ investors invested in internet sites …
