On Monday, June 12, UBS completed the legal takeover of its former Swiss rival, Credit Suisse, creating a giant Swiss bank with a balance sheet […] Go to Source
Monthly archives: June 2023
Data Shows ETH Could Have Boded Well For Microstrategy Over BTC, With 54% Margin
MicroStrategy, a publicly-listed company known for its extensive Bitcoin (BTC) holdings, found itself facing a 14% decline in its investment value. This happened on Sunday, […] Go to Source
Pro-XRP Lawyer Says SEC Will Crush Crypto Until Big Banks Can Control Majority of Market
Pro-XRP lawyer John Deaton says that the big banks will attempt to swoop in and acquire vast pieces of the crypto market after the U.S. Securities and Exchange Commission (SEC) hammers it down. Deaton, who represented XRP holders in Ripple’s lawsuit with the SEC, says that once banking giants like JPMorgan and Goldman Sachs get …
Stanley Druckenmiller Says US Banking Failures Are Tip of the Iceberg, Warns ‘More Shoes To Drop’
Legendary investor Stanley Druckenmiller just issued a warning on the state of the US economy. In a new interview at the Bloomberg Invest New York conference, Druckenmiller, A.K.A “The Druck” says that the economy is still trying to adjust to a more restrictive climate after more than a decade of low interest rates and essentially …
Is Ron DeSantis good for crypto? Republican makes Bitcoin part of campaign
The governor of Florida wants to defend people’s right to “do Bitcoin.” Follow up Join us on social networks Florida Governor Ron DeSantis officially entered the United States presidential race on May 24. During a Twitter broadcast hosted by venture capitalist David Sacks, DeSantis pledged to lead a “Great American Comeback,” provoking accusations of plagiarism …
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AI Eye: Is AI a nuke-level threat? Why AI fields all advance at once, dumb pic puns
Just as we don’t allow just anyone to build a plane and fly passengers around, or design and release medicines, why should we allow AI models to be released into the wild without proper testing and licensing? That’s been the argument from an increasing number of experts and politicians in recent weeks. With the United Kingdom …
Tether CTO clarifies $1B USDT mint on Ethereum is for chain swaps
The move is Tether’s second $1 billion mint in two months, bringing the total USDT minted by the stablecoin issuer in 2023 to over $16 billion. News Join us on social networks Tether minted a fresh batch of $1 billion worth of its Tether (USDT) stablecoin on the Ethereum blockchain on June 12. The latest billion-dollar mint …
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Bitcoin to fight against European challenges — Northern Lightning founder
The Bitcoin community continues to develop tools and services that could be helpful as Europe grapples with conflict, migration and government overreach. News Join us on social networks The Bitcoin (BTC) community in Europe continues to be a voice in combatting social problems affecting the continent, according to podcast host Erik Dale. The founder and …
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Doge Rush Presale Live Now – Ultimate Memecoin Revolution
Doge Rush is the latest project that combines memecoins with practical utility to give players a unique gaming experience and multiple income streams. It is […] Go to Source
Staked ETH On Steady Course To Surpass Exchange Balances
Summary: Data from Blockchain Intelligence startup Nansen shows a steady increase in the number of staked ETH. So far, users and entities have locked over 22 million coins which amount to about 18% of the token’s supply. At the same time, balances in crypto exchanges are declining and now sit below 30 million tokens. Analysts …
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NFTs Feel The Crypto Regulatory Heat – Drop 17% In Sales Vol In The Past 7 Days
The non-fungible token market has plunged slightly past week following the continued exerted crypto regulatory pressure from various authorities, including the United States Securities and […] Go to Source
Security Attack Robs Lending Protocol Sturdy Finance of $800k in Crypto
The crypto industry saw another major hack recently, and this time, the target was a decentralized lending protocol, Sturdy Finance. The project suffered a security […] Go to Source
Billionaire Chamath Palihapitiya Says SEC Covering Its Faults in Regulator’s Current Assault on Crypto Firms
Billionaire Chamath Palihapitiya says that the U.S. Securities and Exchange Commission’s (SEC) recent enforcement actions against the crypto industry are an attempt to cover its previous mistakes. In a new episode of the All-In Podcast, the business magnate says that the SEC’s latest assault on the crypto industry is partly because the regulator failed to …
Overwhelming Majority of Americans Oppose US CBDC That Would Allow Government to Track and Control Spending: Survey
A new survey from an American think tank shows an overwhelming majority of US adults are against the adoption of a central bank digital currency (CBDC) that allows the government to track and control their financial activities. The Cato Institute, in collaboration with market research firm YouGov, collected responses from 2,126 US adults between February …
Top Trader Warns of Strong Breakdown Potential for Bitcoin (BTC) – Here Are Downside His Targets
A trader who nailed the end of Bitcoin’s (BTC) bull market in 2021 is warning that the crypto king is at risk of witnessing more sell-off events. Pseudonymous analyst Pentoshi tells his 692,900 Twitter followers that Bitcoin looks dangerously close to breaking its immediate support at around $25,000. According to Pentoshi, a stock market correction …