Sunday, June 4, 2023

Why Did Crypto Surge After Bad Inflation News?

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Starting at around 9:30 a.m. ET, stocks and crypto bounced sharply. Bitcoin rocketed up 7.8% from a low of $18,372 to end Thursday at just over $19,800. At almost the exact same time,...

BlockTower Putting $150M Crypto Fund to Work as Valuations Return ‘Down to Earth’

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Before this new venture fund, BlockTower had a portfolio of 40-plus projects, said Klocanas. The firm’s structure, however, meant those venture-capital deals were put in so-called side pockets, a type of account hedge...

Smart Contract Platforms: Past, Present and Future

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A brief overview of smart contract platform use cases and the potential for investment. Source link

UK Finance Minister Kwarteng Fired

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Hunt currently chairs the House of Commons’ healthcare committee. He has previously served as minister responsible for health, and culture – of which the latter portfolio included responsibility for digital policy. In 2019,...

FTX’s Sam Bankman-Fried Backtracks on $1B Political Donation, Calls it ‘Dumb Quote’

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“At some point, when you've given your message to voters, there's just not a whole lot more you can do,” Bankman-Fried said. “You can spend more time on it, and more messaging, more...

UK Wants to Make It Easier to Seize Crypto in Terrorism Cases

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“This is to ensure that our law enforcement agencies, including counter-terrorism policing, have all the necessary powers to effectively seize, freeze and forfeit crypto assets that could be or have been used for...

Bitcoin Unlikely to See Notable Recovery After Thursday’s Short Squeeze: Traders

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Therefore, the bounce in both equities and bitcoin could be fleeting. The Fed has raised rates by 300 basis points this year, yet core inflation, which strips out the volatile food and energy...

Uniswap to Deploy on Privacy-Focused zkSync Following Community Vote

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Uniswap is a smart contracts-based crypto exchange with its governance token, UNI, which allows users to trade, supply and borrow assets. zkSync, on the other hand, uses a novel technology called zk-rollups to...

Bitcoin Sinks After US CPI Report Shows Inflation Hotter Than Expected

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Investors should be attentive to “continued divergence in direction between headline and core measures as compared to prior periods,” Michael Weisz, president of Yieldstreet, said. “Core categories, such as housing costs, tend to...

US Judge Removes Legal Firm Roche Freedman From Class Action Against Tether, Bitfinex: Report

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Tether and Bitfinex had filed a request to remove Roche's entire law firm from the case. Judge Katherine Polk Failla said that the firm's continued participation in the case could derail litigation, the...

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