Author: BitcoinInfo.com

How the SEC threw a wrench in bank regulators’ crypto custody efforts

WASHINGTON – An accounting bulletin from the Securities and Exchange Commission has complicated bank regulators’ plans to clarify how institutions should treat digital assets they hold in custody. For months, banks have awaited their regulators’ promised guidance on how to hold virtual assets on behalf of clients – but that conversation has recently gotten a lot more tricky.

Chevrolet’s 2023 Corvette Z06 NFT Fails To Sell After No Bids Were Placed | Carscoops

In mid-June, Chevrolet ventured into the world of NFTs by designing a special piece of art for the 2023 Corvette Z06 and attempting to auction it off alongside a real-life Z06. However, the online auction failed to attract any bids.

An NFT Sale at Christie’s Brought in $1.6 Million, Giving Digital Art Collectors Some Hope in the Wake of the Crypto Crash | Artnet News

A sale of NFTs by Beeple, Mad Dog Jones, and other artists brought in $1.6 million at Christie’s last night, just surpassing the auction house’s expectations. For those looking to the event as a bellwether for the NFT market in the wake of the recent cryptocurrency crash, the sale brought reason for tempered optimism-though the results ultimately paled in comparison to those seen during the heady days of the 2021 digital art gold rush.

Brian Kelley marks Chill Cowboy Country Club NFT Mint Date

Kelley and wife partner with Tronic for collection Bold visionaries and entrepreneurs Brian and Brittney Kelley, alongside WHY&HOW CEO and Founder Bruce Kalmick and WHY&HOW Ventures President Bryan Bulte, are announcing today (Thurs, June 30th) as Mint Day for their limited NFT collection, Chill Cowboy Country Club (CCCC).

Top NFT marketplace OpenSea admits email data breach

New Delhi: Leading non-fungible token (NFT) marketplace OpenSea has admitted a major email security breah, warning users that they may have been impacted. In a blog post, OpenSea said it learned that an employee of Customer.io, its email delivery vendor, misused employee access to download and share email addresses – provided by OpenSea users and subscribers to its newsletter – with an unauthorised external party.

Open4profit Talks About 5 Promising NFT Projects In 2022

Non-Fungible Tokens (NFT) have completely metamorphosed into the digital world. An endless stream of creative freedom is shaping the NFT experience every day. Despite some critiquing NFTs as a fad, the extraordinary level of popular participation and investment in NFT projects points to a different story.

Hermès’ Challenge of ‘MetaBirkin’ NFTs Foretells Future Trademark Litigation Trends

There are not many trademark cases that are of equal interest to high fashion, the art world and cutting-edge tech. The ongoing “MetaBirkin” lawsuit is unusual, however, in that it involves a designer brand and two of the latest, trending topics – non-fungible tokens (NFTs) and the metaverse.

https://www.coinspeaker.com/mercedes-mbsjq-launch-nft-collection-ftx

Double Protocol’s rentable NFT standard “ERC-4907” became Ethereum’s final standard

London, June 30, 2022 – On Tuesday, June 28, the rentable nonfungible token (NFT) standard EIP-4907 submitted by the NFT-rental marketplace Double Protocol passed the final review by the Ethereum network development team and became the 30th ERC token standard.

https://kidscreen.com/2022/06/30/brown-friends-builds-out-cp-screen-range-with-nfts

NFT Giant OpenSea Shares 5 Safety Recommendations as Users’ Emails Leaked

Major NFT marketplace OpenSea warned their users that their emails have most likely been leaked and reminded them of 5 recommendations on how to protect yourself from email phishing attempts.

A look at STEPN, the NFT app that pays you crypto to go running

STEPN is a move-to-earn app operating on the Solana blockchain. Users accrue points based on the distance they run, which is tracked through GPS, and then receive rewards in crypto tokens for their progress. The rewards are credited to the user’s wallet as Green Satoshi Tokens (GST).

https://smallbiztrends.com/2022/06/where-to-buy-and-sell-nft.html

FTX Close to Buying BlockFi for Just $25M

Nelson Wang is CoinDesk’s news editor for the East Coast. He holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000. Tracy Wang is a deputy managing editor at CoinDesk. She owns BTC, ETH, MINA, ENS, various stablecoins, and some NFTs.

IPO Update: Nano Labs (NA) Finalizes Proposed U.S. IPO Terms

Nano Labs Ltd. () has filed to raise $37 million in gross proceeds from the sale of American Depositary Shares representing underlying Class A shares in an IPO, according to an amended registration statement. The company develops ASIC chips for crypto mining machines and “metaverse”-related computing applications.

Here’s Where You Can Get a Waterfront House For Under $250,000

When you ask people about their dreams for the future, how many times does “little house by the beach” come up? The vision of a retirement spent waking up, listening to the waves and then getting on with your day is strong enough to keep many a bored person chugging away through those earning years.

STEPN’s DEX Surpasses Orca to Become Largest Decentralized Exchange on Solana

Cameron Thompson is a news reporter at CoinDesk. The decentralized exchange (DEX) of move-to-earn game STEPN is now the largest DEX on Solana, according to a tweet from the anonymous founder of Solana-based lending platform Solend.

Nearly 7 million ETH are Underwater, Will the Ethereum Price Sustain the Selling Pressure?

Ethereum’s price is now on the verge of losing a 4-digit figure, as the bears appear to be poised to record a bearish close for the quarter. The ETH price underwent a round top price action to revisit the support at $1045.

TA: Ethereum Key Indicators Suggest A Sharp Drop Below $1K

Ethereum declined below the $1,120 support against the US Dollar. ETH is now at a risk of more losses if it stays below the key $1,150 resistance.

Napster Plans To Dive Deep into Crypto by Launching NFTs and a New Token on Algorand (ALGO) – Ethereum World News

Summary: Napster plans to launch the $NAPSTER token focusing on the music industry. Napster will also venture into NFTs as it expands into Web3. The $NAPSTER token will have utility such as payment for subscriptions and goods and services. Napster is following in the footsteps of Limewire, which announced similar plans this year.

Ethereum Price Predictions: Will the ETH Crypto Fall Below $1,000?

As cryptocurrency prices sink to fresh lows, Ethereum () has come dangerously close to the crucial $1,000 price level today. At the same time, though, a number of Ethereum price predictions are indicating a bullish long-term outlook. While the term “crypto winter” sounds harsh, it’s actually appropriate because cryptoc prices go through hot and cold seasons.

Ethereum Activates ‘Grey Glacier’ Hard Fork, Merge Likely in September

The hard fork pushed back the so-called “difficulty bomb,” which had been gradually slowing Ethereum block production, improving performance in the short term The Merge has not been scheduled, but the new timing of the difficulty bomb points to when Ethereum core developers think it will take effect Ethereum’s scheduled Grey Glacier hard fork went into effect on Thursday at 6:54 am ET – Block 15050000 to be precise – and caused no problems, according to Ethereum client developer Nethermind and the Ethereum Foundation’s Tim Beiko.

Hyundai Causes a Stir With a Car That Will Make People Talk

Nothing stops Hyundai anymore. The South Korean automaker seems to have the “it factor” and isn’t keen on letting it go. The vehicle maker and Kia, of which it is the majority and controlling shareholder, surprised recently when figures showed that the company has become the second biggest seller of electric vehicles in the United States thanks to two models: the futuristic SUV Ioniq 5 and the EV6 crossover.

Bitcoin set for worst quarterly drop in a decade

Thursday Jun 30, 2022 Bitcoin’s 58% drop is biggest since third quarter of 2011. JPMorgan analysts say deleveraging process may end soon. Bitcoin fell as much as 4.4% to $19,302 in London. Bitcoin is on track to have its worst quarter in more than a decade, as more hawkish central banks and a string of high-profile crypto meltdowns stoke investor fear, Bloomberg reported.

Hyundai Causes a Stir With a Car That Will Make People Talk

Nothing stops Hyundai anymore. The South Korean automaker seems to have the “it factor” and isn’t keen on letting it go. The vehicle maker and Kia, of which it is the majority and controlling shareholder, surprised recently when figures showed that the company has become the second biggest seller of electric vehicles in the United States thanks to two models: the futuristic SUV Ioniq 5 and the EV6 crossover.

Stocks end rough first half as inflation surges, consumer spending stalls

Stocks slid Thursday on more alarming inflation data, and the S&P 500 closed out its worst first half of the year since 1970. The Dow Jones Industrial Average dropped 253.88 points, or 0.8%, while the tech-heavy Nasdaq sank 149.15 points, or 1.3%. The broad-based S&P 500 declined 33.45 points, or 0.9%.

Wall Street Breakfast: Crypto Crash

Things are looking pretty shaky in the cryptoverse as a continuous flow of damaging headlines continues to rock the sector. The staunch believers are calling it a “crypto winter” before things heat up again, while the naysayers are pointing to the final demise of “tulip mania” they have been warning about for years.

The crypto bear: The bad, the ugly and no-good

The signs of a crypto bear market must be heededas the first half of the year draws to a close. Why it matters: The last bear market in crypto scattered institutions and yet – this time it feels different. This time there are a few opportunists looking to buy while prices are “fear-cheap.”

https://www.coindesk.com/policy/2022/06/29/eu-finalizes-crypto-money-laundering-rules

https://www.bloomberg.com/news/articles/2022-06-30/jpmorgan-says-crypto-s-deleveraging-cycle-won-t-last-much-longer

Decentral Bank pauses use of NEAR tokens for minting USN stablecoin

Decentral Bank DAO plans to use a basket of market-leading stablecoins as USN’s underlying collateral.

https://www.finextra.com/pressarticle/93214/bis-proposes-caps-on-bank-bitcoin-holdings

Bitcoin Has Plunged. Why An Economist Sees a 40% Rally Ahead.

The recent collapse in cryptocurrency prices has been profound, with the total market capitalization of the digital asset space reduced to $850 billion from near $3 trillion in less than eight months. Issues within crypto itself-such as the meltdown of a critical stablecoin and breakdowns at crypto lenders -has caused some of this pain, but not all of it.

Bitcoin struggles to breathe over $19k as markets bleed

3AC is the new casualty of the crypto market crash following the infamous collapse of Terra sisters UST and Luna that wiped out investors’ wealth to zero levels. This has affected investors’ confidence in the digital currency market. As per CoinMarketCap, the crypto market cap crashed by 4.29% over the last day and was trading around $859.31 billion.

Veteran Trader Tone Vays Updates Bitcoin Forecast As BTC Clings to $20,000 – The Daily Hodl

Veteran crypto trader Tone Vays warns that the recent price action of Bitcoin (BTC) is not encouraging. In a new video, Vays tells his 121,000 YouTube subscribers that technical indicators suggest Bitcoin could be in trouble. Beginning with the weekly candles, Vays says, “This is an ugly-looking candle.

Rising Energy Prices: ‘HODL’ Strategy of Bitcoin Miners in Danger?

Bitcoin mining, once known as one of the most profitable businesses, is now going through a rough patch. Amid rising global inflation, increasing energy prices, the crypto winter and a competitive environment, Bitcoin miners are finding it difficult to remain in business. Take Advantage of the Biggest Financial Event in London.

BTC/USD Forex Signal: Bitcoin is Ripe for Bearish Breakout

Sell the BTC/USD and set a take-profit at 18,000. Add a stop-loss at 21,000. Timeline: 1-2 days. Set a buy-stop at 21,000 and a take-profit at 22,000. Add a stop-loss at 18,000. The BTC/USD pair retreated as the fear and greed index and American shares pulled back.

Is Bitcoin Dead? BTC Falls Below $20,000 Amid Crypto Crash.

Bitcoin (BTC-USD ) is sinking again this morning and is trading slightly above $19,000 per coin. The coin’s value is now significantly below the psychologically important $20,0000-per-coin level, leading some to believe that Bitcoin may be dead. The decline comes after multiple companies in the crypto space have experienced major financial problems amid the crypto crash in recent days.

Microstrategy scoops up 480 bitcoins amidst market downturn

Microstrategy scoops up 480 bitcoins amidst market downturn Microstrategy purchased 480 bitcoins worth $10 million, bringing its total holding to 129,699 By Shashank Bhardwaj Image: Shutterstock The current market downturn isn’t dampening long-term prospects for Bitcoin, as whales continue to accumulate the crypto.

Why Is The SEC Rejecting Grayscale’s Spot Bitcoin ETF?

Grayscale Investments’ proposal to convert its Bitcoin ETF into a spot ETF was rejected by the US Securities and Exchange Commission (SEC) on Wednesday. This sparked market panic and resulted in a 5% drop in bitcoin price. Investors were hoping for a positive response from the SEC.

Bitcoin nears worst monthly losses since 2011 with BTC price at $19K

Bitcoin ( BTC) drifted further downhill into the June 30 Wall Street open as United States equities opened with a whimper. Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it abandoned $19,000 to hit its lowest in over ten days. Bulls failed to preserve either $20,000 or $19,000 at the hands of limp U.S.

Ethereum Whales and Sharks Continue to Stock Up More ETH By CoinQuora

Tinder abandons metaverse plans In a Tuesday letter to shareholders, Tinder’s parent company Match Group (NASDAQ:MTCH) announced that it was backtracking on its earlier plans to venture into the Web3…

Bitcoin, Ethereum Bull Signal Could Come From Regulators

Binance believes close ties with regulators could fuel crypto recovery. NYDIG, a fintech firm, has identified a positive correlation between regulation and Bitcoin price. Analysts argue that the crypto bottom is near, and Bitcoin, Ethereum, and altcoins could begin recovery soon.

Ethereum Price Is Set To Bottom Below $700 In The Midst Of Bearish Market Momentum

Yet again, Ethereum (ETH) is failing to keep up with the momentum following a strong rebound last week. As per coincodex data, Ethereum’s price is changing hands at $1030, 9% lower, with a market valuation of $125 billion.

Ethereum undergoes another major upgrade delaying the ‘difficulty bomb’

The Ethereum community got another reprieve from an impending “difficulty bomb”-a mechanism intended to incentivize the network to move away from proof-of-work mining-thanks to a major update that went live on Thursday. Detonation of the bomb, which is hard-wired into Ethereum’s code, would have wrecked havoc on network’s ability to process transactions.

Enjoy Rima’s weaving dance, modern Poothappattu and more at Kochi’s first NFT art expo

Art exhibitions are nothing new to Kochi. However, the one that is going on at Cafe Papaya, Panampilly Nagar, is something different. ‘Myths and Memes’, curated by Vimal Chandran, is the first exclusive NFT art expo in Kochi. The project features works of 14 eminent NFT artists.

Nansen adds support for Solana NFTs | Nansen

Nansen adds analytics support for Solana NFTs! GM Nansen explorers! Nansen is thrilled to announce NFT support for Solana! Solana has been one of the most requested chains and has a thriving NFT ecosystem. Our Solana NFT analytics dashboards cover over 53,000 collections, utilizing real-time, on-chain data.

Users of biggest NFT marketplace warned over phishing after data leak

The world’s biggest marketplace for non-fungible tokens (NFTs) has warned its users to be on the alert for email phishing attacks following a massive data leak. OpenSea, where traders exchange the crypto assets, told customers and newsletter subscribers not to open emails and files “sent by strangers” after revealing the breach.

The NFT Collection: A Brave NFT World – A Regulatory Review of NFTs (Part 2)

In a recent alert, we painted the big NFT picture, highlighting what a non-fungible token (NFT) means and the opportunities they present (see here). In this second part of the NFT series, we will take a deeper look at local regulatory control (or lack thereof) in this uncharted territory.

Breaking: How To Claim FloGrappling NFT Giveaway – FloGrappling

In celebration of FloGrapling’s reality tv series, Who’s Next: Submission Fighter Challenge presented by Tezos, FloSports is launching its first-ever NFTs during Tezos WNO: Who’s Next Finale presented by Fat Tire on July 14, 2022 as part of the all-new FloSports Collection.

How I Made It in Crypto: The Play-to-Earn Guilder

Jessica Klein is a freelance journalist whose work has appeared in The Atlantic, Fortune, The New York Times, and other publications. She is currently a contributing reporter at The Fuller Project, a nonprofit newsroom dedicated to reporting on issues that affect women. This article is part of CoinDesk’s Future of Work Week .

Health Care Insurance Costs May Skyrocket in 2023 – Here’s Why

The data is leaking out on 2023 health care insurance plans and for already shell-shocked Americans, the outlook calls for a big boost in health insurance prices. That’s especially the case for consumers buying policies on government healthcare exchanges.

Debt and destruction: the dark side of crypto trading

While his classmates were deciding what GSCEs they wanted to study, Malik* was earning money as a small-time crypto trader: that is, someone who hopes to make a profit by buying digital coins when prices are low and selling when they climb higher.

OP Crypto raising $100M for ‘Fund of Funds’ to back fund managers

The typical fund consists of deploying capital into certain sectors or industries, but venture capital firm OP Crypto is taking their own twist on the term. OP Crypto is raising $100 million for its new investment, dubbed “Fund of Funds”, to deploy capital into emerging fund managers focused on early-stage crypto investments.

Bitcoin posts its worst quarter in more than a decade

Bitcoin on Thursday posted its worst quarterly loss in more than a decade. The world’s largest cryptocurrency has lost around 58% of its value in the second quarter of 2022, according to data from CryptoCompare. Bitcoin has fallen from $45,524 at the start of the quarter and was trading just below $19,000 on Thursday, the last day of the three-month period.

Grayscale is suing the SEC after its spot bitcoin ETF rejection

Grayscale Investments, the firm behind the world’s largest bitcoin fund, is suing the Securities and Exchange Commission following its rejection of the firm’s bitcoin spot ETF proposal. Why it matters: Financial advisors, in particular, have been eager to see a spot bitcoin ETF to improve accessibility, cost and tax treatment.

https://www.bloomberg.com/news/articles/2022-06-30/bitcoin-poised-for-biggest-quarterly-drop-in-more-than-a-decade

Investors Flock To Short Bitcoin ETF, Fund Doubles Holdings

Crypto bears seem to be betting on new lows. The ProShares Short Bitcoin Strategy ETF (BITI), the first inverse exchange-traded fund in the U.S. designed to give investors a way to profit from declines in the price of the cryptocurrency, saw a daily net inflow of 1684 BTC yesterday, essentially doubling the vehicle’s holdings to 3086.2 BTC (approximately $59 million), according to Norway-based crypto analytics firm Arcane Research.

https://www.fool.com/investing/2022/06/30/which-under-the-radar-cryptos-could-pop-after-this

https://cryptopotato.com/eth-eyes-1k-following-9-daily-drop-will-it-hold-ethereum-price-analysis

TA: Ethereum Key Indicators Suggest A Sharp Drop Below $1K

TA: Ethereum Key Indicators Suggest A Sharp Drop Below $1K Originally posted here. By: Aayush Jindal Overview Ethereum declined below the $1,120 support against the US Dollar. ETH is now at a risk of more losses if it stays below the key $1,150 resistance. Ethereum remained in a bearish zone below $1,200 and $1,150 levels.

Ethereum Exchange Supply Spikes, ETH At A Risk of Correcting to $700 And Below

After showing a healthy bounce last week, Ethereum (ETH) is once again losing steam. As of press time, ETH is trading 9% down at a price of $1032 with a market cap of $125 billion. The world’s second-largest is clearly showing signs of weakness and if it fails to hold $1,000 it can possibly move all the way to $700 and below.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto winter to resume in Q3

Bitcoin price nears important support as the fallout from the recent break could see BTC prices drop to $16,020. Ethereum’s price continues its descent and is on its way to slipping below $1,000. XRP price shows no reason why it should not make new lows for the year.

Bitcoin Nears USD 19K, Ethereum Tests USD 1,000 as ‘Final Washout’ in Cards Before Rebound

The price of bitcoin (BTC) on Thursday tested support around the USD 19,000 level after trimming some losses from early trading in Europe, while ethereum (ETH) fell to the important psychological level around USD 1,000.

Bitcoin and Ethereum Prices Dip to Yearly Lows as Tech Stocks Are Having Their Worst Year – The VR Soldier

After a sharp rebound last week, Bitcoin and Ethereum again suffer significant bearish momentum as BTC and ETH prices dip to yearly lows at $19k and $1k, respectively. The bear […]

FBI Adds OneCoin Founder Ruja Ignatova to Its Most Wanted List

Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings. OneCoin founder Ruja Ignatova has earned a spot on the Federal Bureau of Investigation’s Ten Most Wanted Fugitives list for her role in allegedly defrauding investors of more than $4 billion.

Sequoia and Quona lead $6 million seed round for DeFi protocol MoHash

Sequoia Capital India and Quona Capital have co-led a $6 million seed round for decentralized finance (DeFi) lending protocol MoHash.

Kyve Network hits $100 million valuation as it raises $9 million

Web3 data storage solution Kyve Network has raised $9 million in a round led by Distributed Global, valuing the company at $100 million.

Galaxy Survivor, a New 3D NFT Game, Aims to Foster the Next Blockchain Gaming Generation

HANOI, VIETNAM, June 30, 2022 (GLOBE NEWSWIRE) — Virtual Game Studio, one of the renowned game studios in the billion-dollar industry, has introduced a highly anticipated NFT game, Galaxy Survivor. Galaxy Survivor is a real-time strategy game that combines the competitive play-to-earn [P2E] model, well-thought-out role-playing, and NFT gaming technology.

Meet The Mom Who Lost Friends Over Her NFT Obsession

Welcome to Crypto Diaries, a new series on BuzzFeed News that helps us understand what the future of Web3 might look like – by showing what the heck people who are already living there do all day. We’ve asked crypto evangelists, NFT collectors, metaverse mavens, and decentralized diehards to keep a diary of everything they’re doing in Web3 for a few days.

Top NFT marketplace OpenSea admits email data breach

Leading non-fungible token ( NFT) marketplace OpenSea has admitted a major email security breach, warning users that they may have been impacted. In a blog post, OpenSea said it learned that an employee of Customer.io, its email delivery vendor, misused employee access to download and share email addresses – provided by OpenSea users and subscribers to its newsletter – with an unauthorised external party.

https://coingeek.com/psycho-parrots-nfts-in-bsv-have-been-contributing-to-its-ever-growing-pop-culture

Nansen to Track Solana NFT Data Amid Boom in Minting, Trading Activity

Eli is a news reporter for CoinDesk. He holds ETH, SOL and AVAX. On-chain analytics platform Nansen is adding to its toolkit of non-fungible token ( NFT) analytics, announcing Thursday that its long-awaited Solana integration is live.

iLogos Game Studios announces the launch of its own NFT and Metaverse game divisions

KYIV, Ukraine (PRWEB) June 30, 2022 — With over 16 years of experience in game development, iLogos is launching a new NFT and Metaverse game development division – iLogos Meta. The primary focus is game design, development, art production, live operations, breeding games, and tokenomics.

Bored Ape Yacht Club Are Briefly Delisted On OpenSea

The last 24 hours have been tough for Bored Ape Yacht Club holders as OpenSea delisted their NFTs. The marketplace disabled multiple digital assets because they were allegedly “against the Terms of Service”. The project quickly resolved the issue – but the community is still in shock.

NFT.NYC Brings New Technology And Old DJs To Town

Nearly 15,000 people registered to attend NFT.NYC in New York City. The conference was based at the Marriott Marquis hotel in Times Square, and ran from June 21 st through the 23 , 2022. Technology is evolving rapidly as are the ways in which NFTs (non-fungible tokens) can be utilized and monetized.

Longevity nonprofit launches NFT collection for human life-extension research

Miami, June 30, 2022 – The Longevity Science Foundation (the LSF), a nonprofit organization dedicated to a longer, healthier human lifespan, is launching a new nonfungible token (NFT) collection focused on raising awareness and donations in the longevity field.

NFTs Have ‘Fallen Off The Cliff’ As Sales Sink To Lowest Levels In A Year

The market for nonfungible tokens — such as artwork of bored apes and pudgy penguins — has been spiraling downward after sales sank sharply and the prices of popular NFTs plummeted over the last few weeks. The crypto niche is on course to record its first month with under $1 billion in sales since June 2021, according to data tracker DappRadar.

https://www.thecoinrepublic.com/2022/06/30/top-10-nft-collections-you-should-know-about-in-2022

EU agrees to tame ‘Wild West’ with new crypto market rules

LONDON, July 1 (Reuters – Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile “Wild West” market. Globally, crypto assets are largely unregulated, with national operators in the EU only required to show controls for combating money laundering.

Warren Buffett-Backed Nubank Now Offers Crypto Trading to 54 Million Customers

Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, is now offering cryptocurrency trading to all of its 54 million customers. Nubank also holds bitcoin on its balance sheet. Nubank, one of the world’s largest digital banking platforms, now offers cryptocurrency trading to all clients, according to its blog post, updated Monday.

More Crypto Meltdowns Could Be Seen This Summer, but the Worst Is Behind Us – Pantera’s Morehead

The crypto market will probably see “a few more” meltdowns similar to what happened with the Terra (LUNA) ecosystem and crypto hedge fund Three Arrows Capital , argues Pantera Capital CEO Dan Morehead. However, according to him, the majority of the contagion from current meltdowns has already been priced in.

https://www.dailyunion.com/news/nation_world/crypto-rules-to-make-europe-a-global-leader-as-prices-plunge/article_0f114274-4296-589f-b49c-ef84480cdc25.html

Crypto Venture Capitalist Expects Regulatory Response To Recent Carnage To Be “Harsh, Aggressive And Warranted”

English born, Nic Carter is founding partner at Massachusetts-based Castle Island Ventures, an early stage crypto venture capital firm. He also is chairman and founder at Coin Metrics, a data and analytics firm.

Crypto, regulate thyself

Good morning, and welcome to Protocol Fintech. This Thursday: pushing crypto toward self-regulation, Snoop Dogg on Web3 and Napster’s reinvention on the blockchain. Napster is back, and it’s got a token. The crypto consortium that took over the aging but oft-reinvented digital-music brand envisions using $NAPSTER to sell tickets and experiences.

EU backs crypto anti-money laundering rules

June 29 (Reuters) – European Union negotiators on Wednesday reached a provisional agreement on anti-money laundering rules for cryptocurrencies that would spur crypto firms to check their customers’ identities, in the latest regulatory tightening of the freewheeling sector. The rules, opposed by major U.S.

A Crypto Winter Is Setting In. Why This One Is Different.

Between a collapse in prices, layoffs, and high-profile defaults, the winds of the next so-called cryptocurrency winter are blowing for and other digital assets. Bitcoin was trading near $20,200 late on Wednesday afternoon, down by more than two-thirds from an all-time high near $69,000 hit in November 2021.

Bitcoin dips below $19K as crypto fund Three Arrows implodes

Bitcoin briefly sank below $19,000 on Thursday, hitting a fresh low for the year as investors digested the collapse of cryptocurrency hedge fund Three Arrows and the rising risk of an economic recession. The leading cryptocurrency was down 4.4% at $19,209.20 as of 9:30 a.m. ET Thursday, according to CoinBase data.

https://www.coindesk.com/business/2022/06/30/ftx-passed-on-deal-to-purchase-celsius-due-to-deficient-balance-sheet-report

Fearing a recession? Don’t drop the ball on your DEI efforts now

Despite tumultuous times and the prospect of shrinking profits, your aims for diversity shouldn’t take a back seat.

Is Riot Blockchain Stock a Buy Now? | The Motley Fool

Two years ago, a failed medical device maker called Bioptix abandoned its original business, ordered thousands of Bitcoin mining rigs, and rebranded itself as Riot Blockchain . At the time, it seemed like Riot was just another company trying to jump on the crowded Bitcoin and blockchain bandwagon to attract new investors.

USA finance and payments: summary 30 June

Bitcoin drops again on Thursday dipping below $19,000, with no thaw in crypto winter in sight. – Fed chair Jerome Powell says economy possibly permanently changed after covid-19 – California and several other states are sending stimulus checks to help residents combat inflation.

Is ApeCoin the Next Bitcoin? | The Motley Fool

No cryptocurrency is doing particularly well these days, but holders of ApeCoin have suffered less than most. Bolstered by association with a popular non-fungible token (NFT) marketplace frequented by celebrities, ApeCoin’s U.S. dollar value hasn’t cratered like so many of its peers. One of those peers is Bitcoin the once-unavoidable digital asset that has fallen on hard times.

Just-In: Lido Community Opposes To Limit Ethereum Staking, Here’s Why

The Lido community has voted to against the governance proposal limiting Ethereum staking on the Lido liquid staking protocol. The proposal has received 99% votes in opposition to self-limiting the percentage of Ethereum that can be staked. The Lido community is currently voting on the governance proposal ” Should Lido consider self-limiting?

Packed With Potential Altcoins To Look Out For In 2022

Popular altcoins like Ethereum (ETH), Litecoin (LTC), Cardano (ADA), etc, have marked themselves as the best cryptocurrencies with high market caps. These cryptocurrencies use unique consensus mechanisms to add new blocks to the network. However, the list of the best cryptocurrency projects in 2022 can get revised due to the emergence of Dogecoin (DOGE) and Mushe (XMU) in the market.

Ethereum $1K price support in danger as Q2 comes to a close

Ethereum’s native token Ether ( ETH) fell on the final trading day of Q2/2022, trading in sync with riskier assets amid persistent fears of higher inflation and rising interest rates. And it could result in further declines heading into Q3. ETH’s price plunged nearly 5% this June 30 to $1,044 following a four-day losing streak.

Risk of ‘Significant Drawdowns’ Pushes Cypherpunk Holdings to Sell Entire Stash of Bitcoin and Ethereum

On Tuesday, the Canada-based investment firm Cypherpunk Holdings Inc. announced that the company has sold all of its bitcoin and ethereum due to the “risk of further significant drawdowns.” The company has transitioned its treasury to cash after selling 214.72 bitcoin and 205.82 ethereum as Cypherpunk Holdings continues “to see systemic risks propagating” across the crypto economy.

Ethereum Is in Strong Bearish Momentum and May Decline to $881

Ethereum (ETH) is in a downtrend after the bulls were beaten back at the high of $1,280. Since June 26, the price of Ether has steadily fallen to the psychological price level of $1,000. Today, ETH/USD has fallen to the low of $1027.60.

Solana vs Ethereum: Find The Best Blockchain-Based Crypto Projects With BoostX and TrustPad

Blockchains play an important role in the crypto market. With Solana and Ethereum being two of the leading blockchains, they are also each other’s biggest competitors. Whilst some users prefer to use crypto projects based on Ethereum and others Solana, let’s compare how the two differ.

First Mover Americas: BTC Down 40% in June; SEC Rejects Grayscale’s BTC ETF Application

Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets. Good morning, and welcome to First Mover. I’m Lyllah Ledesma, here to take you through the latest in crypto markets, news and insights.