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The Number of Tethers in Circulation Dropped by Over 12 Billion in 2 Months, USDC Grew by 9%
17.6.2022
During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11, 2022, tether’s market valuation was over $82 billion with 82,694,361,442 tethers in circulation. Since then, more than...
Soulbound Tokens: Social credit system or spark for global adoption?
16.6.2022
Bank of America: Consumer Interest in Crypto Remains Strong
16.6.2022
Bank of America’s new report explains that “despite the sharp correction in crypto valuations, consumer interest in the sector remains strong.” The report, which includes the bank’s new crypto survey, also shows “growing interest” in cryptocurrency’s...
True Global Ventures doubles down on Web3 with $146M ‘follow-on’ fund
16.6.2022
The TGV4 Plus Follow On Fund was led by a group of 15 general partners who committed over $4 million on average (over 40%) into the fund
US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994
15.6.2022
The U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) on Wednesday, and it was the largest increase since 1994. According to the Fed member’s expectations, the central bank will likely add another 1.5 percentage points by the year’s end. Fed Hikes Rate by...
Kraken To Kick Off 'Global Hiring Push' Despite Bearish Market
15.6.2022
While some major crypto industry players are reacting to the recent market downturn with layoffs and/or freezing their hiring plans, major crypto exchange Kraken is unveiling a global hiring push with hundreds of available jobs across the world - declaring that it's not planning to fire...
COL To Go Live On Huobi Global On June 16, 2022
15.6.2022
Huobi Global has announced that it will list COL, Clash of lilliput, on June 16, 2022, at 05:00 UTC. Deposits will open at 5:00 UTC itself, and users can withdraw their funds from the next day at 10:00 UTC. Spot trading for COL (COL/USDT) will initiate after the deposit volume meets the demand...
JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed
14.6.2022
The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael Feroli believes that rising inflation will push the Fed to increase the rate by 75 basis points (bps). Last week, CME Group data indicated the market priced in...
PWC: Majority of Crypto Fund Managers Surveyed Predict Bitcoin Could Reach $100K by Year-End
14.6.2022
Major financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the price of bitcoin would be between $75K and $100K by the end of this year. Bitcoin’s Price Estimate by Crypto Fund Managers PWC, a Big Four accounting firm...
Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds
14.6.2022
BTC’s sell-off is easing slightly, but traders are afraid that negative newsflow and future U.S. interest rate hikes could push the price lower
The Global Blockchain Congress by Agora Group Is Coming to Vietnam!
13.6.2022
Agora Group in Dubai and V2B Labs are joining hands to announce that after 9 successful editions of the Global Blockchain Congress in Dubai, this exclusive event will now go international with the East Asian edition of the congress taking place in Hanoi, Vietnam, at the Intercontinental Landmark...
Human Rights Advocates Insist Bitcoin ‘Provides Financial Inclusion’ — Refutes Claims in Critics’ Letter to US Congress
13.6.2022
Human rights defenders from 20 countries have insisted that bitcoin “provides financial inclusion and empowerment because it is open and permissionless.” Together with stablecoins, the cryptocurrency offers “unparalleled access to the global economy” for people from...
Kim Dotcom on the ‘Great Reset,’ Strong Russian Ruble Puzzles Economists, and More — Bitcoin.com News Week in Review
12.6.2022
This week, entrepreneur and activist Kim Dotcom said the “U.S. is beyond bankrupt,” and minced no words about a potential “controlled demolition of global markets.” Meanwhile, American economists are interested in the ruble’s strong performance in spite...
Bitcoin ecosystem makes a U-turn recovery in global ATM installations
11.6.2022
Halfway through 2022, the BTC ATM installation numbers dropped 89.75% by May, followed by a swift recovery in June
Here’s how blockchains are helping to advance the global energy grid
10.6.2022
Governments and environmentalists are quick to criticize the amount of electricity Bitcoin mining uses, but investors’ growing interest in crypto is leading to positive steps in the energy sector
Huobi Global launches $1B investment arm focused on DeFi and Web3
10.6.2022
The bear market in crypto hasn’t deterred venture capital firms from investing heavily in blockchain and Web3 projects
Global Bitcoin adoption to hit 10% by 2030: Blockware report
10.6.2022
Bitcoin, like the internet and social media, benefits from “network effects”, where more adoption spurs higher value and incentive for additional take-up, says Blockware Intelligence
Biggest Movers: XTZ and LINK Surge to 1-Month Highs on Thursday
9.6.2022
Despite the crypto market trading lower today, Tezos and LINK both rose to one-month highs on Thursday. XTZ was up by 8.5% during today’s session, whilst LINK rose by nearly 9% in the day. Overall, the global crypto market cap is down 0.55% as of writing. Chainlink (LINK) LINK continued...
World Bank Warns of Global Recession, Stagflation — ‘This Is the Sharpest Slowdown in 80 Years’
9.6.2022
The World Bank has warned of a possible global recession. “For many countries, recession will be hard to avoid,” said World Bank President David Malpass. “This is the sharpest slowdown in 80 years.” World Bank on Global Recession, Stagflation The World Bank warned about...
Citigroup CEO: Europe More Likely to Head Into Recession Than US
7.6.2022
Citigroup CEO Jane Fraser warns that a recession is more likely in Europe than in the U.S. Nonetheless, she stressed that it is not easy for the U.S. to avoid a recession. Citigroup’s CEO on Global Recession Citigroup CEO Jane Fraser warned about the health of the global economy Friday...