Monthly Archives: June 2022

Circle Launches Second Major Stablecoin Backed 1:1 by the Euro

On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethereum network and will be “available to mint and redeem on June 30th.” Circle Launches EUROC Circle has announced the launch of the company’s second major fiat-pegged crypto asset called euro coin (EUROC). The announcement stemmed from Circle’s CEO Jeremy Allaire on Thursday who explained that EUROC already has “broad industry support.” […]

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Price Controls Don’t Work Even Under Penalty of Death

Throughout history, price controls have never been successful in taming runaway inflation. It is impossible to put controls on the bitcoin price. Nico Antuna Cooper is a university lecturer and works in the borderland. He witnesses the cultural opportunities of Bitcoin in both Latin America and the United States on a daily basis. Inflation is reaching a level so high that even mainstream news sites care now. Across the board, the average American is seeing an increase in prices in almost everything. From real estate to groceries […]

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High-profile BAYC collector denies allegations of wrongdoing brought by DeFi detective

At the time of publication, it is not clear how the DeFi detective allegedly connected wallets with questionable activities to Jeff Huang. On Thursday, ZachXBT, a cyber detective in the decentralized finance, or DeFi, realm, accused prominent Taiwanese musician and blockchain personality Jeff Huang, also known as Machi Big Brother, of misconduct in 10 different cryptocurrency projects. Machi Big Brother is known outside of Taiwan as an avid collector of Bored Ape Yacht Club nonfungible tokens and possessed a collection worth an estimated $8.26 million at the […]

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Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K

Analysts say the entire crypto market is in for a very long consolidation and accumulation period following BTC’s current drop to 2017 highs. Crypto traders had a brief opportunity to pause and take stock of where things are on June 16 as the relentless selling that has hammered Bitcoin (BTC) and the wider market over the past week began to relent despite an ongoing sell-off in the traditional markets.  Data from Cointelegraph Markets Pro and TradingView shows that after climbing to a high of $23,000 in the […]

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Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure

The pro-crypto SEC commissioner and “Crypto Mom” had sharp words for SEC behavior toward Bitcoin spot ETF sponsorship applicants, delivered at a libertarian forum. United States Securities and Exchange Commission (SEC) commissioner Hester Peirce, sometimes known as Crypto Mom for her ardent support of the industry, spoke Tuesday at a conference hosted by the conservative-libertarian Federalist Society titled “Regulating the New Crypto Ecosystem: Necessary Regulation or Crippling Future Innovation?” Her lengthy remarks — over 4,000 words in the prepared version, which was augmented extemporaneously as she presented […]

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Resistance is futile! 3 reasons why Bitcoin mining will never go away

Numerous governments have tried to ban Bitcoin mining, but data and insights from those in the mining industry suggest that this is easier said than done. In the summer of 2021, the Chinese government banned Bitcoin (BTC) mining and cited the typical concerns of harmful environmental effects and money laundering. Now, the Chinese government is working toward establishing its own digital yuan currency. This raises the question as to whether the original reasoning was merely a Trojan horse. This ban could easily have been a huge blow […]

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Three Arrows Capital has failed to meet margin calls: Report

Crypto lender BlockFi was among several companies to liquidate at least some of 3AC’s positions, according to a new report. Venture firm Three Arrows Capital (3AC) has reportedly failed to meet margin calls from its lenders, raising the spectre of insolvency after this week’s crypto market collapse triggered unforeseen liquidations for the Singapore-based company. Crypto lender BlockFi was among the firms to liquidate at least some of 3AC’s positions, according to the Financial Times. Citing people familiar with the matter, FT reported that 3AC had borrowed Bitcoin […]

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Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’

According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financial hardship. The sources note that Citigroup was hired by Celsius to help the company find “potential financing.” Sources Say Celsius Is Looking for Help From Citigroup Three days ago, Bitcoin.com News reported on the crypto lending company Celsius halting withdrawals and the speculation and rumors that surrounded the firm. Speculators believe the startup may be […]

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Texas securities regulator investigates Celsius over withdrawal suspension: Report

Reports from different media outlets in the last week also suggested the Celsius Network has lost major backers and onboarded new attorneys amid a volatile crypto market. The Texas State Securities Board has reportedly opened an investigation into crypto lending platform Celsius Network over its decision to suspend user withdrawals. According to a Thursday report from Reuters, Texas State Securities Board director of enforcement division Joseph Rotunda said the regulator began investigating Celsius on Monday shortly after the platform announced it would be “pausing all withdrawals, swaps […]

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Swiss luxury watchmaker TAG Heuer introduces NFT enabled smartwatch

Watches, blockchain and NFTs combine with the launch of TAG Heuer’s new luxury wearable. Watchmaker TAG Heuer has partnered with the well-known NFT community surrounding Bored Ape Yacht Club and CLONE-X to create a smartwatch that displays NFTs, and connects to crypto wallets such as MetaMask and Ledger Live. The company says that the functionality of the TAG Heuer Connected Calibre E4 will be straightforward, with NFTs being transferred to it via a paired smartphone. The device is set to support static and animated NFT artwork, and […]

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