What Traders Are Saying About Bitcoin's Biggest Monthly Loss in 11 Years
Poor macroeconomic sentiment, fears of inflation, and systemic risks from the crypto market pushed bitcoin below 2017’s highs. Source link
KuCoin CEO dismisses rumors of halting withdrawals, reserves right to legal action
Cryptocurrency exchange KuCoin today denied “rumors” suggesting that the company might halt withdrawals owing to losses suffered amid recent market turmoil. Johnny Lyu, the CEO of KuCoin, tweeted that he was not sure who was spreading such rumors or what their intentions might be, but that KuCoin “does not have any exposure to LUNA, 3AC, …
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Mask Network CEO on Web3, DAOs and the Future of Work
Yan’s wager is that Web3 will fundamentally change the world – how we work, play and interact – over the next 20 to 50 years. The scholarship, which paid out tokens to three out of 40 candidates in its first year, is a path for similarly self-motivated people, who otherwise might be cut off from …
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Bitcoin registers its worst quarter in 11 years amid crypto market tumult
Bitcoin registered its worst decline in 11 years during the second quarter amid the crypto market downturn. Following the turbulence of May and June, the 56% drop was its worst quarterly drawdown since the third quarter of 2011. At the time of writing, bitcoin was trading hands at $19,452 according to data via CoinGecko. …
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From soup to nuts of ‘agreement reached on European crypto-assets regulation’
As the rest of the cryptocurrency market gradually moves on from the aftermath of the collapse of Terra’s LUNA and UST, regulators across the globe have become increasingly skeptical of digital assets and the risks they pose to investors. On 30 June, the European Commission, lawmakers within the European Union (EU), and member states reached …
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Crypto Lender Celsius Network Exploring Options to ‘Preserve and Protect’ Assets
These actions could include “pursuing strategic transactions” and “restructuring its liabilities” among other strategies, the company said. “These exhaustive explorations are complex and take time, but we want the community to know that our teams are working with experts from many different disciplines,” Celsius wrote. Source link
Hong Kong’s OSL becomes the latest crypto exchange to cut jobs
OSL, a licensed crypto exchange based in Hong Kong, has become the latest crypto exchange to cut jobs — joining rivals including Coinbase, Gemini and BitMEX. The company has trimmed between 40 and 60 jobs, or about 15% of its workforce, two people familiar with the matter told The Block. The cuts were announced …
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Grayscale Sues SEC Over Bitcoin ETF Application Rejection
“This is a place where common sense has a really important role to play. You’ve got a situation now in which you have certain kinds of exchange traded funds, one that is focused on bitcoin futures, and the SEC has approved that, the SEC is given it the seal of approval,” he said. “In order …
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LUNC’s +107%, and USTC’s +320% rise in past 55 hours could mean…
The month of May witnessed the epic Terra, now Terra Classic [LUNC] collapse. This triggered massive liquidations in the crypto market. Many investors lost a significant portion of their earnings as tens of billions were wiped off the market in a matter of days. Needless to say, crypto holders were perplexed over the future of …
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US Patent and Trademark Office hosts blockchain event series
The U.S. Patent and Trademark Office will host monthly webinars on topics including intellectual property in the metaverse and patent eligibility in blockchain, the office announced on its website. The sessions are designed to allow attendees to learn about blockchain and intellectual property, “dream with them about their future goals, and gain an understanding …
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