The Australian NFT scaling platform – Immutable – introduced an inaugural $500 million developer and venture investment fund. The financing will be distributed to companies developing the Web3 ecosyst...
News
TRON Increases Reserves As USDD Stays De-pegged
TRON DAO has increased its stablecoin reserves to safeguard the blockchain as the USDD continued to trade below its peg. The reserve increased its supply of USDC tokens by 300 million on the blockcha...
Virtual Currency-Based Sale Agreement an Invalid Contract, Chinese Court Rules – Regulation Bitcoin News
A virtual currency cannot be circulated in the market as a currency, therefore a vehicle sale contract wherein parties agreed that the buyer would pay with a privately issued digital currency is inval...
Tether’s USDT market cap dips below $70B for an 8-month low
Tether (USDT), the biggest stablecoin and the third-largest digital currency by market capitalization continues losing its market value amid the current market downturn. On Thursday, USDT’s market cap...
Ripple Claims SEC Is Attempting to Conceal Its Flaws from Public Criticism
Ripple has fired off a three-page response to the SEC’s submission of proposed redactions to the SEC’s letter opposing Movants’ motion to file an amicus brief regarding one of the SE...
Crypto Lending Platform Babel Finance Pauses Withdrawals, Citing ‘Liquidity Pressures’
Babel Finance has become the latest crypto lending platform to suspend redemptions and withdrawals, the Hong Kong-based company said in a blog post Friday. The firm stated it was “facing unusual liqui...
Foxtrot Command Aims Global Adoption of Blockchain via NFT Games
Foxtrot Command wants to be one of the first video game companies to promote the global adoption of Blockchain technology through NFT games. To do this, they propose a Free to Play system based on ent...
Vitalik Buterin opines fiat will forever dominate financial markets
The co-founder of the Ethereum network, Vitalik Buterin, has said that cryptocurrencies could not take over the world. Buterin noted that fiat currencies would remain the most dominant piece of financ...
Grayscale Bitcoin Negative Premium Charts All-Time Low
The dramatic collapse in UST brought tremendous selling pressure, catching many off-guard. But the subsequent negative macroeconomic conditions have adversely affected the cryptocurrency market as a w...
Huobi Thailand License Revoked, Crypto Exchange To Shut Operations
Crypto exchange platform, Huobi is winding down its operations in Thailand, according to the statement by the platform. This closure is due on the 1st of July, 2022. The whole process of closing down ...
Can $40 Support Raise LTC Price Higher?
Published 14 hours ago The Litecoin(LTC) sellers ended a four-week consolidation after they breached the $51 support on June 9th. The resulting fall plummeted the altcoin to $40 psychological support,...
Which decentralized finance innovations are expected by the DeFi community?
While the broader crypto market is on a downward spiral and social media is plagued with fears and complaints, some are choosing to focus on the decentralized finance (DeFi) space’s potential fo...
Today’s ‘Wordle’ #364 Hint And Answer: Saturday, June 18th
Here’s today’s Wordle word of the day #364 answer plus a helpful hint. Getty Images This has been a very long week. I’ve been quite sick all week with COVID-19 which, in my case, has been ...
Cardano (ADA) Ecosystem Onboards Over 1,000 dApps; Which Category Is Largest One?
Vladislav Sopov Input Output Global (IOG), core developer and maintainer of Cardano (ADA) blockchain solutions, shares recap of its vibrant dApps community Contents Cardano (ADA) hosts 1,017 dApps, NF...
GBTC Discount Hits All-Time Low as SEC Bitcoin ETF Decision Looms
Shares of the Grayscale Bitcoin Trust (GBTC) have continued to slide, trading at a discount of 33.75% to the spot price of Bitcoin—a new all-time low since its inception in 2017. GBTC is a financial v...
Avalanche price analysis: AVAX falls below $16.00 after rejection at $17.00
TL;DR Breakdown Avalanche price analysis suggests a downwards movement to $15.00 The closest support level lies at $15.50 AVAX faces resistance at the $16.30 mark. The Avalanche price analysis shows t...
Trust Wallet Token (TWT) Increases By 60% Relative to May Low
Be[In]Crypto takes a look at the five cryptocurrencies that increased the most from June 10 to 17, including Trust Wallet Token. These cryptocurrencies are: Revain (REV) : 22.54% Celsius (CEL) : 16.0...
SEC, State Regulators Probe Crypto Lender Celsius Over Accounts Freeze – Coinotizia
The U.S. Securities and Exchange Commission (SEC) and several state regulators are reportedly investigating the decision by crypto lender Celsius Network to freeze withdrawals. U.S. Securities Regulat...
UAE uses blockchain to release the most expensive modern postage stamp
The United Arab Emirates has been at the forefront in adopting blockchain and ensuring that the region embraces crypto innovation. The UAE has now tapped into blockchain for a modern postage stamp. Th...
Bitcoin Isn’t Going Away, but Will Take a While to Recover
Mike Novogratz, a prominent Bitcoin bull and the CEO of digital asset investment firm Galaxy Digital, noted that cryptocurrencies are here to stay even though it will take a while for the market to tu...
Babel Finance Places Temporary Restrictions On Withdrawals
Asia based crypto financial service provider Babel Finance announced on its website earlier today that withdrawals and some other operations will be stopped temporarily. The company cited “unusual liq...
Money Made Easy with Algorand (ALGO) and Chronoly (CRNO) Staking
Place/Date: – June 17th, 2022 at 10:30 am UTC · 4 min read Source: Chronoly The cryptocurrency market over the last two years saw a revolution with decentralised finance (DeFi) offerings. The De...
Crypto lender Babel Finance halts withdrawals due to liquidity pressures
Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn. Babel Finance officially announced Friday a tem...
Here’s One Silver Lining to Bitcoin Potentially Retesting $20,000
Alex Dovbnya Peter Brandt is expecting Bitcoin to see relief rally if it ends up retesting $20,000 Bitcoin has once again slipped below the $21,000 level, meaning that a retest of its 2017 high remain...
Bitcoin uses 56 times less energy than classical system
? Want to work with us? CryptoSlate is hiring for a handful of positions! A recently published study compared Bitcoin’s and traditional finance’s energy requirements to find that Bitcoin currently use...
BitMEX and Others Exiting Three Arrows Capital Amid 3AC Insolvency Fears
Three Arrows Capital was a darling among crypto investment firms for years. Now, amid the crypto bear market and after the Terra collapse last month, 3AC appears to be at real risk of insolvency and c...
Texas securities regulator opens investigation into Celsius: Reuters
The Texas State Securities Board has opened an investigation into troubled crypto lender Celsius, according to reports on Thursday afternoon. Reuters first reported that the regulator has begun inves...
Three Arrow Capital Reviews Bailout As An Option!
As per today’s Wall Street Journal article, struggling cryptocurrency hedge firm Three Arrows Capital (3AC) is focusing on negotiating a bailout arrangement. The failure of Terra, one of the largest b...
Adam Back Reiterates $100K BTC Price Prediction
Despite the recent pullback of the cryptocurrency market, the British cryptographer and an outspoken supporter of bitcoin – Adam Back – thinks the asset could tap $100,000 by the end of 2022. He also ...