Jack Dorsey’s TBD to create Web5 on the Bitcoin blockchain
Jack Dorsey is not a supporter of Web3. In the past, Dorsey, alongside Elon Musk, has mocked the Web3 sector, saying that it does not focus on decentralization as its…
Samsung Asset Management Plans to Launch a Blockchain ETF
Samsung Asset Management in Hong Kong (SAMHK), the local subsidiary of the Samsung investment division, has announced the launch of an exchange-traded fund that will focus on blockchain. The ETF…
Swedish central bank criticized for calling for a ban in PoW ban
The proof-of-work mining system has been under stack over the past few weeks. New York recently passed a bill that banned PoW mining within the state. While the bill has…
Binance CEO attends the launch of Palau NFT IDs
Non-fungible tokens are finding interesting use cases, and unlike private cryptocurrencies, these crypto assets have been endorsed by many countries globally. The Republic of Palau recently announced that it would…
US SEC investigates Binance’s ICO, metaverse crypto assets up 400% YoY, and STEPN faces DDoS attacks: Hodler’s Digest, June 5-11
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions…
The total crypto market cap drops under $1.2T, but data show traders are less inclined to sell
An improving Tether discount in Asian markets and positive futures premiums for BTC and ETH suggest a slight recovery is in the making. The total crypto market capitalization has been…
Lithuanian Government Approves Stricter Crypto Regulations
The government in Vilnius has approved amendments introducing more stringent regulations for the country’s growing crypto space. The legislation is aimed at managing risks associated with crypto assets and preventing…
Just Above $1 Trillion — Crypto Economy’s Value Slips Lower Than the Lows Recorded Last July
The $1.19 trillion crypto economy is now lower in value than the lows recorded in July 2021. During the last week, digital currencies like bitcoin, ethereum, caradano, and xrp, have…
Defi Platforms and Smart Contract Tokens Suffer the Most During the Crypto Market Rout
While the crypto economy has dropped lower in value against the U.S. dollar, sliding to just under $1.2 trillion, the value of decentralized finance (defi) protocols and smart contract tokens…
NXTT’s New Roadmap Looks Set to Strike Through the Bear Market
Next Earth, the virtual replica of Earth and now the third-largest metaverse, has remained resilient amidst a brutal bear market that has seen the value of almost everything drop precipitiously.…
South Korea to Bring Self-Regulatory CEX Guidelines after LUNA Crash
Due to the unexpected collapse of the TerraUSD (UST) and its sister token, Terra LUNA (LUNA), South Korean lawmakers have taken the reign into their own hands. The main motive…
Tron DAO Buys $50M Worth of Bitcoin and TRX to add to USDD Reserves
Key takeaways: Tron DAO Reserve has announced that it has purchased Bitcoin and TRX worth $50 million to add to USDD’s reserves. USDD is currently overcollateralized to the tune of…
What are investment DAOs and how do they work?
Investment DAOs where crypto-rich buyers team together to back startups or make investments work based on governance rights enforced through smart contracts. What is an investment DAO? A decentralized autonomous…
Axie Infinity: AXS price risks deeper losses despite 90% drawdown already
Interestingly, an AXS technical setup also predicts a 2,500% price rally despite the token facing major headwinds ahead. Axie Infinity (AXS) has dropped by roughly 90% after peaking out at…
Bitcoin and banking’s differing energy narratives are a matter of perspective
Bitcoin mining’s climate impact has been heavily criticized, but the emissions of corporate cash and investments have often flown under the radar. The Carbon Bankroll Report was released on May…