Bitcoin to make new all-time-highs within 24 months: Coinshares CSO
Demirors however said she certainly expects “more pain ahead” for tech stocks and crypto as we head closer to recession. Bitcoin (BTC) may have further to fall, but Coinshares chief strategy officer Meltem Demirors believes the top cryptocurrency will reach …
California regulator investigating crypto interest accounts
The regulator also said in its view that certain crypto interest account providers were providing unregistered securities, such as BlockFi and Voyager. The California Department of Financial Protection and Innovation (DFPI) has warned consumers to “exercise extreme caution” when dealing …
Liquidators can subpoena 3AC founders despite ‘tricky issues’ with crypto assets
The counsel for liquidators said he didn’t know the current location of Zhu or Davies, alleging the duo have not provided “meaningful cooperation” with the liquidators. A United States (U.S.) court has given liquidators permission to subpoena the founders of …
US Treasury study finds CBDCs a plus for commercial bank stability
Access to CBDCs reduces banks’ need to insure against liquidity risks and gives policymakers greater information about trouble in the financial system, according to the study. The introduction of a central bank digital currency (CBDC) may increase the stability of …
Multicoin Capital raises $430M for new crypto startup fund
Even with Bitcoin, Ether and altcoins in a bear market, venture funding for the blockchain industry continues to grow. Prominent crypto investor Multicoin Capital has launched a new venture fund valued at $430 million, further demonstrating venture capital’s growing interest …
Nervous Network (CKB) price posts double-digit gain after Godwoken layer 2 launch
CKB booked a 35%+ gain after the release of its Godwoken L1 solution and the launch of a new NFT marketplace. Positive price movement during bear markets are notoriously hard to come by due to the non-stop FUD of media …
SEC extends window to decide on ARK 21Shares spot Bitcoin ETF to August
J. Matthew DeLesDernier, assistant secretary for the SEC, said it had extended to allow for “sufficient time to consider the proposed rule change and the issues raised therein.” The United States Securities and Exchange Commission has pushed the deadline to …
US Treasury calls for public comment on digital asset policy, following Biden’s executive order
President Joe Biden’s executive order on crypto from March directed the Treasury Department to take the lead among other government agencies in developing policy recommendations. The United State Department of the Treasury has requested comments from the public on the …
Blockchain-based games see an uptick in users despite bear market conditions
Data shows blockchain-based gaming protocols registered a steady uptick in daily active users and transactions despite the current bear market conditions. Bear markets are always tough, but one of the positives is they clear the clutter and this allows legitimate …
Sri Lanka central bank reiterates crypto warning following protestors seizing president’s residence
Thousands of Sri Lankans took to the streets of Colombo in protest of the government’s response to the economic situation in the country. Amid economic and political turmoil, the Central Bank of Sri Lanka, or CBSL, has warned the public …