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June 1, 2022
Although anonymous teams have built some of the leading infrastructure in crypto, many new participants in the ecosystem are using their real identities. Crypto has inherited many values that were popularized in the early days of the internet.  Many participants in the crypto space have been anonymous since the beginning of Bitcoin (BTC), since using...
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ADA price has seen sharp recoveries during bear markets in the past with many turning out to be bull traps. Cardano (ADA) price climbed from $0.48 on May 30 to as high as $0.68 on May 31—a 45% rally in less than 48 hours. But ADA/USD failed to extend its rally further upward and dropped by...
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A look back on the week that was the World Economic Forum and how crypto might have stolen the show. The spectacle that is the World Economic Forum (WEF) came to a close in Davos, Switzerland on Friday, May 27. Nearly 3,000 people from over 110 countries took planes, trains and helicopters to the highest...
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FTX has sought to integrate brokerage services internally to fulfill trades automatically, however, CFTC has called for greater scrutiny of the demand as it would lead to a monopoly of big players. Goldman Sachs, one of the leading investment banks in the United States is reportedly trying to onboard some of its derivatives products into...
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Tether stablecoin’s reported bank partner Capital Union supports a large variety of digital assets as part of its trading and custody services. Capital Union, a Bahamas-based bank that reportedly holds a portion of reserves by the Tether (USDT) stablecoin issuer, has been itself actively involved in the cryptocurrency industry. The banking institution has rolled out...
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Harvard lecturer Bruce Schneier said in a report that blockchain is not secure and not really decentralized. Anti-crypto technology experts urged United States lawmakers to resist the influence of pro-crypto lobbying efforts.  Bruce Schneier, a lecturer at Harvard, reportedly said that blockchain advocates’s claims are “not true.” He added that the technology is not secure...
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KuCoin enters the Web3 world with a new decentralized wallet platform featuring cross-blockchain trading, DeFi and NFT functionality. Cryptocurrency trading platform KuCoin has launched a new decentralized wallet platform as interest in Web3 continues to gather steam.  KuCoin Wallet is now live for users, with the browser-based platform paving the way for a mobile application...
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Crypto turnover in the first quarter of 2022 has skyrocketed by 93%, according to the quarterly report of Capital.com. The Ether (ETH) to the United States dollar (USD) pair has pulled the biggest number of traders from January to March 2022, according to trading platform Capital.com.  In its quarterly report, Capital.com noted that in 2021,...
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Strong correlation with Bitcoin and traditional markets continue to pull Axie Infinity price lower. Axie Infinity (AXS) price dropped sharply on June 1, suggesting that its supersonic gains in the last two days might have been a part of a bear market rally. The AXS/USD pair soared 54% week-to-date to over $28 on May 31, its...
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Bitcoin right now is a no-brainer investment for willing buyers, argues CryptoQuant contributor. Bitcoin (BTC) faces a “cycle bottom” this year in which it could drop over 50% from current levels, research claims. In a Twitter thread on June 1, Venturefounder, a contributor at on-chain analytics platform CryptoQuant, forecasted 2022 as Bitcoin’s year to “capitulate.” Bitcoin...
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