Goldman Sachs downgrades Coinbase stock to ‘sell’
The United States cryptocurrency exchange has seen its stock price plunge in lockstep with Bitcoin, Ether and the broader digital asset market. Go to Source Powered by WPeMatico
Month: June 2022
Bitcoin price dips under $21K while exchanges see record outflow trend
Someone is buying the dip with conviction as the start of Wall Street trading drags the market lower. Go to Source Powered by WPeMatico
Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales
Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, which quotes the co-founder of mining company Luxor Technologies, Ethan Vera, says that roughly $4 billion in loans backed by crypto mining rigs are … Read more
Voyager Digital issues notice of default to Three Arrows Capital
Voyager said that it will continue to operate and fulfil their customers’ orders and withdrawals amid its current issues. Go to Source Powered by WPeMatico
Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower, as Both Run Into Strong Resistance
Bitcoin remained close to a ten-day high on Monday, as prices consolidated following gains from the weekend. Although ETH was lower to start the week, it was also able to remain close to Sunday’s peak around the $1,280 level. Bitcoin BTC was consolidating during today’s trading session, as bulls appear to have secured some profits … Read more
Metaverse can’t be built on the corporate business model, says EY innovation lead
Jones believes the established firms need to focus on community engagement first before jumping on a trend like NFTs. Go to Source Powered by WPeMatico
Educating regulators will help mitigate risks, says Figment exec
Robert Ellison noted that a regulatory framework for staking is achievable because the concept is very easy to understand. Go to Source Powered by WPeMatico
Swiss National Bank exec: Regulators may favor centralized stablecoins after Terra crisis
Thomas Moser hinted that regulations might take time as the current regulations would wipe out the decentralized ecosystem like DeFi. Go to Source Powered by WPeMatico
Meta Launches Meta Pay, a Metaverse Dedicated Digital Wallet
Meta, the metaverse-based platform, has announced the launch of a new wallet directed to support value interaction in the metaverse. Meta Pay, a rebrand of the former Facebook Pay service, will keep fulfilling the same functions that Facebook Pay did in the past, but will be developed as a universal way of paying for goods … Read more
Less than 1% of all holders have 90% of the voting power in DAOs: report
A user must hold between 0.1% and 1% of the outstanding token supply to create a proposal and hold between 1% and 4% to pass it. Go to Source Powered by WPeMatico
