Second article in a series about risks we’re thinking about during these crypto down days. Author: George Kaloudis Source link
Opaque Platforms and Intertwined Protocols Pose Big Risk to Crypto
Category: Reviews
Bitcoin and Stocks Drop; Analysts See Risk of Further Downside
●Bitcoin (BTC): $20550, −2.06% ●Ether (ETH): $1084, −2.16% ●S&P 500 daily close: 3,674.84, +0.22% ●Gold: $1840 per troy ounce, −0.31% ●Ten-year Treasury yield daily close: 3.24% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Author: Helene Braun, Bradley Keoun Source link
Investors View Polkadot as an Alternative Layer 1, Coinbase Says
Despite the growing amount of Polkadot’s token DOT being locked up in recent months, its market capitalization as a percentage of ether’s (ETH) has been in constant decline since the start of November 2021, Coinbase said in a report dated June 2. Author: Will Canny Source link
India 'Fairly Ready' With Crypto Consultation Paper, Govt. Official Says
A top Indian Finance Ministry official told reporters that the nation is close to finalizing a consultation paper on crypto after consultations with the IMF, World Bank and others. Author: Amitoj Singh Source link
First Mover Asia: Bitcoin Extends Losing Streak, New LUNAs Crash Like Old LUNAs, Stepn's China Dilemma
Bitcoin was headed for a ninth-straight weekly loss, a record in the largest cryptocurrency’s trading history dating back to the early 2010s. Terra delivered its new LUNA “revival” tokens, and the price promptly crashed. Author: Sam Reynolds, Bradley Keoun, Damanick Dantes Source link
NFT Art Museums Are a Good Idea
The metaverse expands access and introduces new ownership models, bringing art closer to the people – and to the human conditions that inspired the art in the first place. Author: Harold Eytan Source link
No, the UK Is Not Going to Make USDC and USDT Legal Tender
None of these payments involve legal tender. Debit cards, credit cards, bank transfers, checks, mobile money, PayPal – not one of these is legal tender in the U.K. In England, only banknotes and coins are legal tender, and low-denomination coins are only legal tender for amounts up to 20 pence (US25 cents). In Scotland, only coins are legal tender. Author: Frances Coppola Source link
Crypto’s One Unassailable Use Case: Helping Human Rights Activists
Bitcoin developer Jimmy Song’s signature cowboy hat could be spotted here and there at the Oslo Concert Hall, where the forum, organized by the Human Rights Foundation, took place. The erudite investor and entrepreneur Nic Carter strolled around with an umbrella cane. On stage, author and podcaster Laura Shin interviewed a non-fungible token (NFT) artist. The stalwarts of Bitcoin and Lightning Network development held workshops on using the currency, and crypto CEOs discussed hedging strategies for a potential ban on stablecoins backstage. Author: Anna Baydakova Source link
Market Wrap: Bitcoin Stuck Below $30K as Buyers Remain on Sidelines
Bitcoin (BTC) is on track to end the month in red. The cryptocurrency declined by 3% over the past 24 hours, although some analysts expect brief stabilization. Author: Damanick Dantes Source link
The Metaverse Is Struggling to Hold Onto Users. Sports Could Fix That
A range of industries have struggled to forge deeper, longer-lasting relationships with audiences in the metaverse. However, with its passionate fan bases and iconic teams and events, the sports sector may have the most success in creating this type of engagement. Metaverse initiatives from some of the world’s best-known sports organizations, including its most iconic teams, are already showing enough promise for these groups and the platforms serving the metaverse to expand their efforts in this area. Author: Daniela Dib Source link